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Side-by-side financial comparison of DNOW Inc. (DNOW) and SunCoke Energy, Inc. (SXC). Click either name above to swap in a different company.

DNOW Inc. is the larger business by last-quarter revenue ($959.0M vs $480.2M, roughly 2.0× SunCoke Energy, Inc.). DNOW Inc. runs the higher net margin — -16.8% vs -17.8%, a 1.0% gap on every dollar of revenue. On growth, DNOW Inc. posted the faster year-over-year revenue change (68.0% vs -1.2%). DNOW Inc. produced more free cash flow last quarter ($76.0M vs $32.8M). Over the past eight quarters, DNOW Inc.'s revenue compounded faster (30.5% CAGR vs -0.8%).

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.

Energy Brands, also doing business as Glacéau, is a privately owned subsidiary of the Coca-Cola Company based in Whitestone, Queens, New York, that manufactures and distributes various lines of drinks marketed as enhanced water. Founded in May 1996 by J. Darius Bikoff with an electrolyte enhanced line of water called Smartwater, Energy Brands initially distributed its products to health food stores and independent retailers in the New York area. Adding Fruitwater and Vitaminwater to its line ...

DNOW vs SXC — Head-to-Head

Bigger by revenue
DNOW
DNOW
2.0× larger
DNOW
$959.0M
$480.2M
SXC
Growing faster (revenue YoY)
DNOW
DNOW
+69.1% gap
DNOW
68.0%
-1.2%
SXC
Higher net margin
DNOW
DNOW
1.0% more per $
DNOW
-16.8%
-17.8%
SXC
More free cash flow
DNOW
DNOW
$43.2M more FCF
DNOW
$76.0M
$32.8M
SXC
Faster 2-yr revenue CAGR
DNOW
DNOW
Annualised
DNOW
30.5%
-0.8%
SXC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNOW
DNOW
SXC
SXC
Revenue
$959.0M
$480.2M
Net Profit
$-161.0M
$-85.6M
Gross Margin
5.2%
Operating Margin
-19.6%
-20.4%
Net Margin
-16.8%
-17.8%
Revenue YoY
68.0%
-1.2%
Net Profit YoY
-905.0%
-461.2%
EPS (diluted)
$-1.42
$-1.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DNOW
DNOW
SXC
SXC
Q4 25
$959.0M
$480.2M
Q3 25
$634.0M
$487.0M
Q2 25
$628.0M
$434.1M
Q1 25
$599.0M
$436.0M
Q4 24
$571.0M
$486.0M
Q3 24
$606.0M
$490.1M
Q2 24
$633.0M
$470.9M
Q1 24
$563.0M
$488.4M
Net Profit
DNOW
DNOW
SXC
SXC
Q4 25
$-161.0M
$-85.6M
Q3 25
$25.0M
$22.2M
Q2 25
$25.0M
$1.9M
Q1 25
$22.0M
$17.3M
Q4 24
$20.0M
$23.7M
Q3 24
$13.0M
$30.7M
Q2 24
$24.0M
$21.5M
Q1 24
$21.0M
$20.0M
Gross Margin
DNOW
DNOW
SXC
SXC
Q4 25
5.2%
Q3 25
22.9%
Q2 25
22.9%
Q1 25
23.2%
Q4 24
22.6%
Q3 24
22.3%
Q2 24
21.8%
Q1 24
22.9%
Operating Margin
DNOW
DNOW
SXC
SXC
Q4 25
-19.6%
-20.4%
Q3 25
5.2%
2.8%
Q2 25
5.1%
2.3%
Q1 25
5.0%
6.9%
Q4 24
4.4%
7.3%
Q3 24
3.8%
9.6%
Q2 24
5.2%
7.4%
Q1 24
5.0%
7.1%
Net Margin
DNOW
DNOW
SXC
SXC
Q4 25
-16.8%
-17.8%
Q3 25
3.9%
4.6%
Q2 25
4.0%
0.4%
Q1 25
3.7%
4.0%
Q4 24
3.5%
4.9%
Q3 24
2.1%
6.3%
Q2 24
3.8%
4.6%
Q1 24
3.7%
4.1%
EPS (diluted)
DNOW
DNOW
SXC
SXC
Q4 25
$-1.42
$-1.00
Q3 25
$0.23
$0.26
Q2 25
$0.23
$0.02
Q1 25
$0.20
$0.20
Q4 24
$0.19
$0.28
Q3 24
$0.12
$0.36
Q2 24
$0.21
$0.25
Q1 24
$0.19
$0.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DNOW
DNOW
SXC
SXC
Cash + ST InvestmentsLiquidity on hand
$164.0M
$88.7M
Total DebtLower is stronger
$411.0M
$685.5M
Stockholders' EquityBook value
$2.2B
$597.3M
Total Assets
$3.9B
$1.8B
Debt / EquityLower = less leverage
0.18×
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNOW
DNOW
SXC
SXC
Q4 25
$164.0M
$88.7M
Q3 25
$266.0M
$80.4M
Q2 25
$232.0M
$186.2M
Q1 25
$219.0M
$193.7M
Q4 24
$256.0M
$189.6M
Q3 24
$261.0M
$164.7M
Q2 24
$197.0M
$81.9M
Q1 24
$188.0M
$120.1M
Total Debt
DNOW
DNOW
SXC
SXC
Q4 25
$411.0M
$685.5M
Q3 25
$691.1M
Q2 25
$493.4M
Q1 25
$492.9M
Q4 24
$0
$492.3M
Q3 24
$491.8M
Q2 24
$491.3M
Q1 24
$490.8M
Stockholders' Equity
DNOW
DNOW
SXC
SXC
Q4 25
$2.2B
$597.3M
Q3 25
$1.2B
$695.9M
Q2 25
$1.2B
$677.7M
Q1 25
$1.1B
$684.6M
Q4 24
$1.1B
$680.2M
Q3 24
$1.1B
$658.6M
Q2 24
$1.1B
$636.9M
Q1 24
$1.1B
$623.0M
Total Assets
DNOW
DNOW
SXC
SXC
Q4 25
$3.9B
$1.8B
Q3 25
$1.7B
$1.9B
Q2 25
$1.7B
$1.6B
Q1 25
$1.7B
$1.7B
Q4 24
$1.6B
$1.7B
Q3 24
$1.6B
$1.7B
Q2 24
$1.6B
$1.7B
Q1 24
$1.6B
$1.7B
Debt / Equity
DNOW
DNOW
SXC
SXC
Q4 25
0.18×
1.15×
Q3 25
0.99×
Q2 25
0.73×
Q1 25
0.72×
Q4 24
0.00×
0.72×
Q3 24
0.75×
Q2 24
0.77×
Q1 24
0.79×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DNOW
DNOW
SXC
SXC
Operating Cash FlowLast quarter
$83.0M
$56.6M
Free Cash FlowOCF − Capex
$76.0M
$32.8M
FCF MarginFCF / Revenue
7.9%
6.8%
Capex IntensityCapex / Revenue
0.7%
5.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$134.0M
$42.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNOW
DNOW
SXC
SXC
Q4 25
$83.0M
$56.6M
Q3 25
$43.0M
$9.2M
Q2 25
$45.0M
$17.5M
Q1 25
$-16.0M
$25.8M
Q4 24
$122.0M
$60.9M
Q3 24
$74.0M
$107.2M
Q2 24
$21.0M
$-9.3M
Q1 24
$81.0M
$10.0M
Free Cash Flow
DNOW
DNOW
SXC
SXC
Q4 25
$76.0M
$32.8M
Q3 25
$39.0M
$-16.3M
Q2 25
$41.0M
$4.9M
Q1 25
$-22.0M
$20.9M
Q4 24
$119.0M
$36.1M
Q3 24
$72.0M
$92.1M
Q2 24
$18.0M
$-26.8M
Q1 24
$80.0M
$-5.5M
FCF Margin
DNOW
DNOW
SXC
SXC
Q4 25
7.9%
6.8%
Q3 25
6.2%
-3.3%
Q2 25
6.5%
1.1%
Q1 25
-3.7%
4.8%
Q4 24
20.8%
7.4%
Q3 24
11.9%
18.8%
Q2 24
2.8%
-5.7%
Q1 24
14.2%
-1.1%
Capex Intensity
DNOW
DNOW
SXC
SXC
Q4 25
0.7%
5.0%
Q3 25
0.6%
5.2%
Q2 25
0.6%
2.9%
Q1 25
1.0%
1.1%
Q4 24
0.5%
5.1%
Q3 24
0.3%
3.1%
Q2 24
0.5%
3.7%
Q1 24
0.2%
3.2%
Cash Conversion
DNOW
DNOW
SXC
SXC
Q4 25
Q3 25
1.72×
0.41×
Q2 25
1.80×
9.21×
Q1 25
-0.73×
1.49×
Q4 24
6.10×
2.57×
Q3 24
5.69×
3.49×
Q2 24
0.88×
-0.43×
Q1 24
3.86×
0.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DNOW
DNOW

Pipelines$455.0M47%
Downstream And Industrial$196.0M20%
Gas Utilities$183.0M19%
Oil And Gas Properties$105.0M11%
Other$20.0M2%

SXC
SXC

Segment breakdown not available.

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