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DNOW Inc.

DNOW Inc.

NYSE•DNOW
CEO: Mr. David A. Cherechinsky CPA
Sector: Energy
Industry: Oil & Gas Equipment & Services
Listing Date: 2014-05-20
DNOW Inc. distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations in the United States, Canada, and internationally. The company provides consumable maintenance, repair, and operating supplies; pipes, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as artificial lift systems, coatings, and miscellaneous expendable items. It also offers original equipment manufacturer equipment, including pumps, generator sets, air compressors, dryers, blowers, mixers, and valves; modular oil and gas tank battery solutions; and application systems, work processes, parts integration, optimization solutions, and after-sales support services. In addition, the company provides supply chain and materials management; inventory planning and management, procurement, and warehouse management, as well as solutions for logistics, point of issue technology, project management, business process, and performance metrics reporting services. It serves customers in the upstream, midstream, and downstream sectors of the energy industry, including drilling contractors, well-servicing companies, independent and national oil and gas companies, midstream operators, and refineries, as well as petrochemical, chemical, utilities, RNG facilities, and other downstream energy processors; and industrial and manufacturing companies. The company was formerly known as NOW Inc. and changed its name to DNOW Inc. in January 2024. DNOW Inc. was founded in 1862 and is headquartered in Houston, Texas.
Contact Information
7402 North Eldridge Parkway, Houston, TX, 77041, United States
281-823-4700
www.dnow.com
Market Cap
$1.38B
P/E (TTM)
14.5
20.3
Dividend Yield
--
52W High
$18.45
52W Low
$12.56
52W Range
10%
4.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$634.00M+4.62%
4-Quarter Trend

EPS

$0.23+91.67%
4-Quarter Trend

FCF

$39.00M-45.83%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Months Revenue Growth Nine months revenue reached $1,861M USD, marking a 3.3% increase versus prior year period results ending September 30, 2025.
Quarterly Operating Profit Surge Quarterly operating profit improved 43.5% to $33M USD, driven by strong segment performance comparisons for the three months ended September 30.
Net Income Attributable Growth Net income attributable to stockholders grew $14M USD to $72M for nine months ended September 30, 2025, showing strong profitability.
Effective Tax Rate Reduction Nine months effective tax rate dropped to 22.3% USD in 2025 from 29.8% in 2024 due to prior year restructuring charges.

Risk Factors

MRC Global Merger Integration Successfully integrating MRC Global business presents risks including operational philosophy differences and potential unknown liabilities post-closing.
Operating Cash Flow Decline Net cash provided by operating activities fell $104M USD to $72M for nine months due to proactive investment in working capital.
Commodity Price Volatility Risk Results remain tied to volatile oil and gas prices, geopolitical uncertainty, and potential adverse impacts from announced trade tariffs.
Share Repurchase Activity Halted Share repurchase activity is temporarily suspended pending completion of the pending all-stock merger agreement with MRC Global.

Outlook

MRC Global Merger Anticipated Definitive merger agreement to acquire MRC Global for approximately $1.5B USD expected to close in the fourth quarter of 2025.
Energy Transition Market Focus Growth strategy includes expanding product offerings and targeting new customers in non-oil and gas energy transition markets.
Liquidity Position Remains Strong Cash on hand, operating flow, and $487M USD revolving credit availability expected to fund operations and capital expenditures.
Small International Acquisition Completed $8M USD acquisition in Singapore during nine months to expand electrical supply capabilities in Asia Pacific.

Peer Comparison

Revenue (TTM)

World Kinect CorporationWKC
$37.63B
-15.3%
MRC Global Inc.MRC
$2.76B
-13.7%
DNOW Inc.DNOW
$2.43B
+3.2%

Gross Margin (Latest Quarter)

FLEX LNG Ltd.FLNG
53.3%
-2.4 pp
Innovex International, Inc.INVX
31.6%
-3.1 pp
DNOW Inc.DNOW
22.9%
+0.6 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
EFXT$1.67B12.912.0%26.1%
XPRO$1.60B23.14.6%8.2%
FLNG$1.46B14.712.6%66.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+3.6%
Moderate Growth
4Q Net Income CAGR
+2.8%
Profitability Slowly Improving
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $634.00M+4.6%
    |
    EPS: $0.23+91.7%
    Meet
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $628.00M-0.8%
    |
    EPS: $0.24+7.8%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $599.00M+6.4%
    |
    EPS: $0.20+0.0%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 18, 2025|
    Revenue: $2.37B+2.2%
    |
    EPS: $0.75-66.8%
    Beat
  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 18, 2025|
    Revenue: $2.37B+2.2%
    |
    EPS: $0.75-66.8%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $606.00M+3.1%
    |
    EPS: $0.12-62.5%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $633.00M+6.6%
    |
    EPS: $0.22-29.0%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 10, 2024|
    Revenue: $563.00M-3.6%
    |
    EPS: $0.20-28.6%
    Miss