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DNOW

DNOW

DNOW Inc. is a leading global distributor of energy and industrial solutions, specializing in pipe, valves, and fittings (PVF) alongside fabricated process and production equipment.

Market cap
$2.59B+56.8%
Revenue$3.4B+41.3%
Net income-$155.0M-299%
Free cash flow$53.0M-71.7%
EPS (diluted)-$1.20-271%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$1.3B
EPS estimate$0.08

Financials

Q1 2026

Income statement

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Revenue$1.2B+97.5%
Gross profit$193.0M+39.9%
Operating income-$50.0M-272%
Net income-$44.0M-310%
EPS (diluted)-$0.24-226%

Balance sheet

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Cash & equivalents$116.0M-47.0%
Total debt$737.0M+1,698%
Total equity$2.1B+87.7%
Total assets$3.9B+138%

Cash flow

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Operating cash flow-$95.0M-494%
CapEx$8.0M+33.3%
Free cash flow-$103.0M-368%

Valuation & ratios

Valuation

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Market cap$2.59B+56.8%
Enterprise value$3.21B+118%
P/S0.8×+0.1×

Profitability

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Gross margin15.6%-6.8pp
Operating margin-5.1%-9.6pp
Net margin-4.6%-7.8pp
FCF margin1.6%-6.2pp

Returns & leverage

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Return on equity-9.5%-16.5pp
Debt / equity0.3×+0.3×
Current ratio2.4×+0.1×

Segments

By segment

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Upstream$468.0M+11.7%
Gas Utilities$269.0M+3,263%
Downstream And Industrial$233.0M+396%
Midstream$213.0M+70.4%

By product

See full
Rental$23.0M0.0%

Competitors

Profile

DNOW Inc. is a leading global distributor of energy and industrial solutions, specializing in pipe, valves, and fittings (PVF) alongside fabricated process and production equipment. The company serves as a critical supply chain partner across the upstream, midstream, gas utility, and downstream sectors, providing mission-critical products and value-added services. Its value proposition centers on aggregating vendor networks, technical product expertise, and advanced digital procurement platforms to optimize customer infrastructure and maintenance operations.

Competitive position

A premier global solutions provider with a legacy of over 160 years, characterized by a massive strategic network of approximately 300 locations and a dominant position in the PVF supply chain.

GeographiesUnited States, Canada, United Kingdom, Europe, Australia, Middle East, Singapore
Customer segmentsUpstream E&P, Midstream infrastructure, Gas utilities, Downstream refining, Data centers
Business modelValue-added distribution, E-commerce marketplace, Equipment fabrication and assembly, Supply chain outsourcing
SuppliersSteel and alloy manufacturers, Valve and pump OEMs, Pipe mills, Electrical component manufacturers, Third-party freight carriers
CustomersNational oil companies, Independent E&P operators, Midstream gathering and processing firms, Municipal water and wastewater utilities, Data center developers
Listed2014
Employees2.7K
CEODavid A. Cherechinsky
SectorEnergy
Websitednow.com
FilingsSEC EDGAR

Questions, answered.

What is DNOW's market cap?
DNOW (DNOW) has a market capitalization of $2.6B and trades on NYSE.
What is DNOW's revenue and profitability?
DNOW generated $3.4B in trailing twelve-month revenue with a net loss of $155.0M, representing a net margin of -4.6%. Gross margin stands at 15.6%, with free cash flow of $53.0M. These figures are based on the Q1 2026 filing.
Who are DNOW's competitors?
DNOW's key competitors include Forum Energy Technologies, Inc., NOV Inc., Core & Main, Inc., and others. These companies compete in similar markets and product categories.
What subsidiaries does DNOW have?
DNOW's subsidiaries include MRC Global Inc., Flex Flow, Trojan Rentals.
Where is DNOW headquartered?
DNOW is headquartered in United States of America and employs approximately 2,675 people. It has been publicly traded since 2014.