DNOW Inc. (DNOW) Financial Statements
Industry: Oil & Gas Field Machinery & Equipment
In fiscal 2025, DNOW reported revenue of $2.82B, up 18.8% from $2.37B the year before. Net income was -$89.0M (a -3.2% net margin), or -$0.76 per diluted share. Gross margin was 17.0% and operating margin was -3.3%. Operating activities generated $155.0M of cash, leaving $134.0M of free cash flow. At fiscal year end, DNOW held $3.92B in total assets against $1.69B in total liabilities, including $164.0M of cash and equivalents.
Open the full interactive DNOW financials → Quarterly statements, key ratios, valuation history and price charts.
DNOW Key Stats
| Share Price | $15.37 |
|---|---|
| Market Cap | $2.80B |
| Revenue YoY Growth | +18.8% |
| 52-Week Range | $11.12 – $16.87 |
| Shares Outstanding | 182.5 million (basic, 2026 Q2) |
DNOW Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.62B | $1.63B | $2.14B | $2.32B | $2.37B | $2.82B |
| Cost of Goods Sold | $1.33B | $1.27B | $1.63B | $1.79B | $1.84B | $2.34B |
| Gross Profit | $292.0M | $357.0M | $506.0M | $535.0M | $535.0M | $478.0M |
| Operating Income | -$420.0M | $9.0M | $131.0M | $140.0M | $113.0M | -$93.0M |
| Pre-Tax Income | -$430.0M | $12.0M | $139.0M | $138.0M | $114.0M | -$100.0M |
| Income Tax | -$3.0M | $7.0M | $10.0M | -$110.0M | $32.0M | -$12.0M |
| Net Income | -$427.0M | $5.0M | $128.0M | $247.0M | $81.0M | -$89.0M |
| Diluted EPS | -$3.91 | $0.05 | $1.13 | $2.24 | $0.74 | -$0.76 |
DNOW Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $634.0M | $959.0M | $1.18B | $1.31B |
| Net Income | $25.0M | -$161.0M | -$44.0M | -$21.0M |
| Diluted EPS | $0.23 | -$1.37 | -$0.24 | -$0.11 |
DNOW Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $387.0M | $313.0M | $212.0M | $299.0M | $256.0M | $164.0M |
| Current Assets | $861.0M | $883.0M | $1.02B | $1.07B | $1.03B | $2.28B |
| Total Assets | $1.01B | $1.10B | $1.32B | $1.53B | $1.62B | $3.92B |
| Current Liabilities | $272.0M | $369.0M | $439.0M | $418.0M | $442.0M | $974.0M |
| Total Long-Term Debt | — | — | — | — | — | $411.0M |
| Total Liabilities | $309.0M | $392.0M | $476.0M | $466.0M | $493.0M | $1.69B |
| Shareholders' Equity | $699.0M | $712.0M | $842.0M | $1.06B | $1.12B | $2.23B |
DNOW Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $189.0M | $30.0M | $0 | $188.0M | $298.0M | $155.0M |
| Cash From Investing | $22.0M | -$96.0M | -$87.0M | -$48.0M | -$304.0M | -$590.0M |
| Cash From Financing | -$8.0M | -$6.0M | -$10.0M | -$55.0M | -$33.0M | $339.0M |
| Free Cash Flow | $181.0M | $25.0M | -$9.0M | $171.0M | $289.0M | $134.0M |
Figures from DNOW's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full DNOW financials page for every line item.
DNOW Company Profile
| Ticker | DNOW |
|---|---|
| Exchange | NYSE |
| Industry | Oil & Gas Field Machinery & Equipment |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001599617 |
Frequently Asked Questions
What was DNOW's revenue in fiscal 2025?
DNOW (DNOW) reported revenue of $2.82B for fiscal 2025.
What is DNOW's annual revenue history?
DNOW's annual revenue by fiscal year: 2020: $1.62B; 2021: $1.63B; 2022: $2.14B; 2023: $2.32B; 2024: $2.37B; 2025: $2.82B.
What was DNOW's net income in fiscal 2025?
DNOW reported net income of -$89.0M for fiscal 2025.
What was DNOW's earnings per share (EPS) in fiscal 2025?
DNOW's diluted EPS was -$0.76 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did DNOW generate in fiscal 2025?
DNOW generated $134.0M of free cash flow in fiscal 2025.
What was DNOW's revenue last quarter?
In its most recent reported quarter (2026 Q2), DNOW reported revenue of $1.31B.
How much debt does DNOW have?
DNOW reported $411.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of DNOW are outstanding?
DNOW reported a weighted average of 182.5 million basic shares outstanding in 2026 Q2.
What is DNOW's market cap?
Based on its latest closing price, DNOW (DNOW) has a market capitalization of about $2.80B.
When does DNOW's fiscal year end?
DNOW's fiscal year end, as registered with the SEC, is December 31.
Where is DNOW headquartered?
DNOW lists its business address in Houston, Texas in its SEC filings.
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