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Earnings transcript
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DNOW
Dnow Inc.
$13.49
-0.16
(-1.17%)
| Exchange: | NYSE |
| Market Cap: | 1.59B |
| Shares Outstanding: | 107.058M |
Delayed data
About The Company
| Sector: | Energy | |||||
| Industry: | Oil & Gas Equipment & Services | |||||
| CEO: | Brad Wise | |||||
| Full Time Employees: | 2575 | |||||
| Address: |
| |||||
| Website: | https://www.dnow.com |
Dnow Inc. operates as a key supplier of industrial and downstream energy products for various sectors, including petroleum refining, chemical processing, liquefied natural gas (LNG) terminals, power generation utilities, and diverse industrial manufacturing operations. Its market presence spans the United States, Canada, and international territories. The firm markets its extensive product range under its proprietary brand names, DistributionNOW and DNOW. It furnishes a broad array of critical components and supplies, encompassing consumable maintenance, repair, and operational (MRO) items. This includes an extensive inventory of pipes, valves, fittings, flanges, gaskets, fasteners, electrical components, instrumentation, artificial lift systems, pumping solutions, valve actuation and modular process equipment, and measurement and control apparatus. Furthermore, Dnow provides mill supplies, various tools, and comprehensive safety and personal protective equipment (PPE), alongside specialized applied products like protective coatings and diverse expendable goods. Beyond these items, the company also deals in original equipment manufacturer (OEM) machinery, such as pumps, generator sets, air and gas compressors, dryers, blowers, mixers, and valves. Dnow delivers integrated modular oil and gas tank battery solutions, comprehensive application systems, streamlined work processes, efficient parts integration, optimization strategies, and robust after-sales support. Moreover, Dnow extends its expertise to supply chain and materials management, offering services like procurement, inventory planning and control, and warehouse administration. Its solutions further address logistics, point-of-issue technological implementation, project coordination, business process enhancement, and detailed performance metrics reporting. Operating from a vast network of approximately 180 sites, Dnow caters to clients across the entire energy value chain—upstream, midstream, and downstream. Its diverse clientele comprises drilling and well-servicing contractors, independent and national oil and gas enterprises, midstream infrastructure operators, and facilities such as refineries, petrochemical and chemical plants, and utilities. The company also supports a wide range of other downstream energy processors, alongside various industrial and manufacturing entities. Established in 1862, NOW Inc. (Dnow Inc.) maintains its corporate headquarters in Houston, Texas.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 2,321,000 | 2,373,000 | 2,820,000 |
| Gross Profit | 535,000 | 535,000 | 478,000 |
| EBITDA | 166,000 | 153,000 | 35,000 |
| Operating Income | 140,000 | 113,000 | -17,000 |
| Net Income | 247,000 | 81,000 | -89,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 1,529,000 | 1,621,000 | 3,924,000 |
| Total Liabilities | 466,000 | 493,000 | 1,686,000 |
| Total Stockholders Equity | 1,060,000 | 1,128,000 | 2,238,000 |
| Total Debt | 41,000 | 42,000 | 669,000 |
| Cash and Cash Equivalents | 299,000 | 256,000 | 164,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 188,000 | 298,000 | 0 |
| Capital Expenditure | -17,000 | -9,000 | 0 |
| Free Cash Flow | 171,000 | 289,000 | 0 |
| Net Income | 248,000 | 82,000 | -89,000 |
| Net Change in Cash | 87,000 | -43,000 | -256,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 5,682,118.748 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 5,834,937.207 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 5,753,100 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 280,936.471 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 288,492.152 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 284,445.940 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 124,235.121 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 128,595.221 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 126,260.001 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 1,023,746.117 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,051,279.386 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,036,534.794 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.070 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.090 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.050 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates DNOW intrinsic value between $20.52 – $39.69 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about DNOW valuation
Is Dnow Inc. (DNOW) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Dnow Inc. (DNOW) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is DNOW a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether DNOW trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is DNOW’s P/E ratio?
You can see DNOW’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for DNOW?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is DNOW a good long-term investment?
Whether DNOW fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
DNOW
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Daily snapshot
-1.17
Trading Metrics:
| Open: | 13.71 | Previous Close: | 13.65 | |
| Day Low: | 13.25 | Day High: | 13.84 | |
| Year Low: | 10.94 | Year High: | 17.26 | |
| Price Avg 50: | 12.76 | Price Avg 200: | 13.81 | |
| Volume: | 3.167M | Average Volume: | 3.212M |
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