DNOW Inc.DNOWEarnings & Financial Report
DNOW Inc., operating under the trade name DistributionNOW, is a global industrial and energy products distributor. It provides supply chain management, inventory optimization, and technical support services, offering parts, equipment, and consumables for oil and gas, renewable energy, manufacturing, and construction sectors, with operations spanning North America, Europe, and Asia-Pacific.
DNOW Q4 2025 Key Financial Metrics
Revenue
$959.0M
Gross Profit
$50.0M
Operating Profit
$-188.0M
Net Profit
$-161.0M
Gross Margin
5.2%
Operating Margin
-19.6%
Net Margin
-16.8%
YoY Growth
68.0%
EPS
$-1.42
Financial Flow
DNOW Inc. Q4 2025 Financial Summary
DNOW Inc. reported revenue of $959.0M (up 68.0% YoY) for Q4 2025, with a net profit of $-161.0M (down 905.0% YoY) (-16.8% margin). Cost of goods sold was $909.0M, operating expenses totaled $238.0M.
Key Financial Metrics
| Total Revenue | $959.0M |
|---|---|
| Net Profit | $-161.0M |
| Gross Margin | 5.2% |
| Operating Margin | -19.6% |
| Report Period | Q4 2025 |
Revenue Breakdown
DNOW Inc. Q4 2025 revenue of $959.0M breaks down across 5 segments, led by Pipelines at $455.0M (47.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Pipelines | $455.0M | 47.4% |
| Downstream And Industrial | $196.0M | 20.4% |
| Gas Utilities | $183.0M | 19.1% |
| Oil And Gas Properties | $105.0M | 10.9% |
| Other | $20.0M | 2.1% |
DNOW Inc. Annual Revenue by Year
DNOW Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.8B). Click any linked year to see what changed vs the prior annual report.
DNOW Inc. Quarterly Revenue & Net Profit History
DNOW Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $959.0M | +68.0% | $-161.0M | -16.8% |
| Q3 2025 | $634.0M | +4.6% | $25.0M | 3.9% |
| Q2 2025 | $628.0M | -0.8% | $25.0M | 4.0% |
| Q1 2025 | $599.0M | +6.4% | $22.0M | 3.7% |
| Q4 2024 | $571.0M | +2.9% | $20.0M | 3.5% |
| Q3 2024 | $606.0M | +3.1% | $13.0M | 2.1% |
| Q2 2024 | $633.0M | +6.6% | $24.0M | 3.8% |
| Q1 2024 | $563.0M | -3.6% | $21.0M | 3.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $563.0M | $633.0M | $606.0M | $571.0M | $599.0M | $628.0M | $634.0M | $959.0M |
| YoY Growth | -3.6% | 6.6% | 3.1% | 2.9% | 6.4% | -0.8% | 4.6% | 68.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.59B | $1.56B | $1.59B | $1.62B | $1.65B | $1.66B | $1.66B | $3.92B |
| Liabilities | $515.0M | $464.0M | $469.0M | $493.0M | $507.0M | $500.0M | $475.0M | $1.69B |
| Equity | $1.08B | $1.09B | $1.11B | $1.12B | $1.14B | $1.16B | $1.18B | $2.23B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $81.0M | $21.0M | $74.0M | $122.0M | $-16.0M | $45.0M | $43.0M | $83.0M |