Is DNOW Inc. (DNOW) overvalued or fairly valued?

MarketChacha shows DNOW Inc.'s valuation in context — a trailing P/E of about 1602.5, a forward P/E of about 19.5, a price-to-book of about 1.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does DNOW Inc.'s reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.68×) from reported figures — education, not a rating.

What is DNOW Inc.'s revenue?

DNOW Inc. reported revenue of $2.8B for FY2025, with net profit of $-89.0M, per official filings.

What is the share price of DNOW Inc. (DNOW)?

DNOW Inc. last traded at $16.03 (+1.4% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

DNOW Inc.

DNOW · NYSE · Industrials · United States

Snapshot

TickerDNOW

ExchangeNYSE

SectorIndustrials

IndustryIndustrial Distribution

CountryUnited States

Employees5,100

HeadquartersHouston, United States

Websitewww.dnow.com

Filings tracked17

About DNOW Inc.

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.

Who owns it

Insiders1.7%
Institutions98.3%
Public & other0.0%

412 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.15.99%
Wellington Management Group, LLP10.79%
Vanguard Portfolio Management LLC5.75%
Vanguard Capital Management LLC4.54%
Dimensional Fund Advisors LP4.40%
State Street Corporation4.03%
First Trust Advisors LP3.65%
Engine Capital Management, LP2.86%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 13.9 points over the period — profitability is trending down.

Cash conversion2.68×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend10.8% → -3.2%

Margin has compressed by about 13.9 points over the period — profitability is trending down.

Return on equity-4.0%

Latest ROE of -4.0% is on the low side — the business earns a modest return on shareholder capital.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $1.2B · EPS 0.07

Est. earnings growth -52.0%

Next fiscal year

Rev $5.4B · EPS 0.82

Est. earnings growth +137.6%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$2.8B

Net margin

-3.2%

ROE

-4.0%

Revenue CAGR (2y)

+10.2%

EPS (FY2025)

-0.76

Net profit (FY2025)

$-89.0M

Ask MarketChacha about DNOW

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$2.8B	$-89.0M	-0.76	-3.2%	-4.0%
FY2024	$2.4B	$78.0M	0.71	3.3%	6.9%
FY2023	$2.3B	$250.0M	2.27	10.8%	23.6%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$1.3B	$-21.0M	-0.11	-1.6%
2026Q1	$1.2B	$-44.0M	-0.24	-3.7%
2025Q3	$634.0M	$25.0M	0.23	3.9%
2025Q2	$628.0M	$14.0M	0.13	2.2%
2025Q1	$599.0M	$21.0M	0.19	3.5%
2024Q3	$606.0M	$13.0M	0.12	2.1%
2024Q2	$633.0M	$24.0M	0.21	3.8%
2024Q1	$563.0M	$21.0M	0.19	3.7%
2023Q3	$588.0M	$35.0M	0.32	6.0%
2023Q2	$594.0M	$34.0M	0.31	5.7%
2023Q1	$584.0M	$31.0M	0.28	5.3%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC8/6/2026material
10-Q filing
SEC8/6/2026
8-K — Shareholder vote results
SEC5/20/2026material
8-K — Results of operations, Exhibits
SEC5/7/2026material
10-Q filing
SEC5/7/2026
8-K — Executive/director change
SEC2/27/2026material
10-K filing
SEC2/26/2026
8-K — Results of operations, Exhibits
SEC2/20/2026material
8-K/A — Exhibits
SEC1/16/2026

2025

8-K — Material agreement, Completion of acquisition/disposition, Material financial obligation, Executive/director change, Reg FD disclosure, Exhibits
SEC11/6/2025material
8-K — Results of operations, Exhibits
SEC11/5/2025material
10-Q filing
SEC11/5/2025
8-K — Other events
SEC10/7/2025material
8-K — Shareholder vote results
SEC9/9/2025material
8-K — Other events
SEC8/29/2025material
8-K — Results of operations, Exhibits
SEC8/6/2025material
10-Q filing
SEC8/6/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.