DNOW (DNOW) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

DNOW

NYSE•Industrials•Industrial Distribution

$15.60-0.50(-0.03%)After hours

Market Cap

$2.90B

P/S

0.7x

P/B

1.4x

DNOW Inc. distributes pipe, valves, fittings, and pumps in the United States, Canada, and internationally. The company offers flanges, gaskets, fasteners, electrical, instrumentation, artificial lift, and pumping systems, process and production equipment, production measurement technology, maintenance, repair and operating consumables (MRO), and general and specialty products; personal protective equipment; and mill, tools, safety supplies, as well as vapor recovery systems under EcoVapo brand. It also offers original equipment manufacturer equipment, including pumps, generator sets, air compressors, dryers, blowers, mixers, and valves; modular oil and gas wellsite facility 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; integrated supply; integrated supply; product quality programs; manufacturer assessments; multiple daily deliveries; volume purchasing; truck stocking; technical support; training; just-in-time delivery; and on-site commissioning; after-market field repair and rental mobile pumping units; inventory and zone store management; order consolidation; product tagging and system interfaces tailored; supplier specifications; engineering of control packages; valve inspection and repair; product expediting, tracking and tracing; documentation services; and pressure testing services. It serves customers in the upstream, midstream, and Gas Utilities sectors, as well as downstream and industrial including crude oil refining, petrochemical and chemical processing, general industrials, pharmaceutical, mining, water/wastewater treatment, data centers, liquefied natural gas, and terminals and renewable natural gas facilities. 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.

How this company scores

AverageMetricSide Score: 51/100

Strongest: Balance Sheet & Red Flags (16/25); weakest: Profitability (7/25).

Profitability7/25

Growth14/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality14/25

Strengths

Growing revenueLow leverageCash-backed earningsConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.8x5y range 4.8x – 187.5x

Currently above its 16-quarter median.

P/S · 0.7x5y range 0.5x – 0.8x

Currently near its 20-quarter median.

P/B · 1.4x5y range 0.7x – 1.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 197.7% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $2.90B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.08B
Q. Revenue: $1.31B
TTM EBITDA: $-127.00M
TTM Op. Income: $-204.00M
Q. Op. Income: $1.00M
TTM Net Income: $-201.00M
Q. Net Income: $-21.00M
EPS: $-0.11
Shares Out.: $182.48M

$4.08B in TTM revenue grew 69.8% YoY, reaching $1.31B last quarter. TTM EBITDA of $-127.00M and TTM operating income of $-204.00M show growth is flowing through to the bottom line. However, net income is negative at $201.00M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 18.6%
EBITDA Margin: 1.8%
Op. Margin: 0.1%
Net Margin: -1.6%

Op. margin of 0.1% is down 5.0% YoY — costs are rising relative to revenue. Net margin at -1.6% and gross margin of 18.6% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.7x
P/B Ratio: 1.4x

P/S of 0.7x and P/B of 1.4x. P/S is low relative to typical market levels. Across the last 5 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.82B
Cash: $114.00M
Long-Term Debt: $474.00M
Book Value: $2.09B
D/E Ratio: 0.2
Debt/EBITDA: 19.8

With $3.82B in assets and $474.00M in long-term debt, D/E is 0.2and book value is $2.09B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 0% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $133.00M
TTM Free Cash Flow: $136.00M
FCF Margin: 3.3%
FCF / Net Income: -0.7

TTM FCF of $136.00M on $133.00M in operating cash flow. The FCF / Net Income ratio of -0.7x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 35% — an improving trend.