DNOW DNOW Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Downstream And Industrial | $233M+396% | —— | —— | —— | $47M-7.8% | |
| Gas Utilities | $269M+3,263% | —— | —— | —— | $8M-23.8% | |
| Midstream | $213M+70.4% | —— | —— | —— | $125M+10.6% | |
| Upstream | $468M+11.7% | —— | —— | —— | $419M+0.1% | |
| Revenue by Geography | ||||||
| CA | $51M-17.7% | $51M-22.7% | $53M-18.5% | $48M-14.3% | $62M-6.1% | |
| International | $147M+133% | $143M+165% | $54M-8.5% | $52M-20.0% | $63M+1.6% | |
| US | $985M+108% | $765M+69.6% | $527M+9.3% | $528M+3.1% | $474M+9.0% | |
| Gross Profit by Geography | ||||||
| CA | $12M-25.0% | —— | —— | —— | $16M0.0% | |
| International | $35M+192% | —— | —— | —— | $12M+2.1% | |
| US | $146M+32.7% | —— | —— | —— | $110M+4.8% | |
| Operating Income by Geography | ||||||
| CA | $1M-75.0% | $2M-60.0% | $2M-33.3% | $0-100% | $4M+33.3% | |
| International | $3M-25.0% | —— | $3M+160% | $2M-33.3% | $4M+100% | |
| US | -$54M-357% | -$186M-1,340% | $28M+12.0% | $30M+7.1% | $21M-8.7% | |
| Total Assets by Geography | ||||||
| CA | $139M-21.5% | $166M-6.2% | $174M— | $178M— | $177M— | |
| International | $485M+196% | $536M+270% | $141M— | $154M— | $164M— | |
| US | $3.3B+152% | $3.22B+148% | $1.35B— | $1.33B— | $1.31B— | |
| Selling General And Administrative Expense by Geography | ||||||
| CA | $11M-8.3% | —— | —— | —— | $12M-5.9% | |
| International | $32M+300% | —— | —— | —— | $8M-11.1% | |
| US | $200M+125% | —— | —— | —— | $89M+8.2% | |
| PP&E (Net) by Geography | ||||||
| CA | $9M-10.0% | $10M-9.1% | $10M— | $10M— | $10M— | |
| International | $16M+45.5% | $17M+54.5% | $10M— | $10M— | $11M— | |
| US | $236M+76.1% | $237M+75.6% | $129M— | $133M— | $134M— | |
| Cost of Goods Sold by Geography | ||||||
| CA | $39M-15.2% | $39M-18.8% | $39M-20.4% | $36M-14.3% | $46M-8.0% | |
| International | $112M+120% | $120M+193% | $43M-12.2% | $41M-22.6% | $51M+2.0% | |
| US | $839M+130% | $750M+112% | $407M+9.1% | $407M+1.8% | $364M+9.0% | |
| D&A by Geography | ||||||
| CA | $0-100% | $1M— | $0-100% | $0— | $1M0.0% | |
| International | $1M— | $0— | $1M— | $0-100% | $0— | |
| US | $22M+120% | $19M+90.0% | $10M+42.9% | $10M+25.0% | $10M+66.7% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does DNOW break its business down?
- DNOW (DNOW) reports revenue by business across 4 parts — Downstream And Industrial, Gas Utilities, Midstream and Upstream. Each is extracted from the segment footnotes and tracked over time.
- Where does DNOW's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in DNOW's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
