tickdelta
Sign in
Screener / SEC EDGAR /CIK 0001599617 /10-K filed Feb 26, 2026, compared with Feb 18, 2025 /Numbers from the XBRL of the 10-Ks
Industrials peers:
DNOWTTCTNETSITETKRFLS
NYSE Industrials · Oilfield Equipment

DNOW Inc. DNOW

DNOW quote by TradingView

DNOW Inc., (“DNOW” or the “Company”), headquartered in Houston, Texas, was incorporated in Delaware on November 22, 2013. 10-K, Item 1

Employees
5,300
Headquarters
Houston, TX
CEO
David A. Cherechinsky
Next results
around Feb 19, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2024

Revenue of $2.4B through the costs to a net profit of $78.0M · income statement of the 10-K

5% operating margin
Revenue to Gross profit: $531.0MRevenue to Cost of revenue: $1.8BGross profit to Operating profit: $109.0MGross profit to Operating expenses: $422.0MOperating profit to Net profit: $78.0MOperating profit to Tax: $31.0M Revenue: $2.4B REVENUE $2.4B +2% Y/Y Gross profit: $531.0M · 22% margin GROSS PROFIT $531.0M 22% margin · −1% Y/Y Cost of revenue: $1.8B · 78% of revenue COST OF REVENUE $1.8B 78% of revenue Operating profit: $109.0M · 5% margin OPERATING PROFIT $109.0M 5% margin · −24% Y/Y Operating expenses: $422.0M · 18% of revenue OPERATING EXPENSES $422.0M 18% of revenue Net profit: $78.0M · 3% margin NET PROFIT $78.0M 3% margin · −69% Y/Y Tax: $31.0M · 1% of revenue TAX $31.0M 1% of revenue
Gross profit $531.0M 22% margin · −1% Y/Y
Operating profit $109.0M 5% margin · −24% Y/Y
Net profit $78.0M 3% margin · −69% Y/Y
The full income statement, year by year

DNOW among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 251 peers the company is above, not a score.

Compare
Revenue growth: 18.8%, above 86% of 250 peers (their median 5.7%) REVENUE GROWTH 18.8% · above 86% Gross margin: 16.1%, above 14% of 177 peers (their median 34.2%) GROSS MARGIN 16.1% · above 14% Operating margin: -3.9%, above 5% of 229 peers (their median 11.8%) OPERATING MARGIN -3.9% · above 5% Net margin: -3.9%, above 6% of 251 peers (their median 8.2%) NET MARGIN -3.9% · above 6% FCF margin: 4.2%, above 23% of 234 peers (their median 9.6%) FCF MARGIN 4.2% · above 23%
DNOW Peer median Below the median

What changed

64 new risk paragraphs and 4 accounting facts worth reading about. 10-K filed Feb 26, 2026 against Feb 18, 2025.

Risk factors
64 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +125.3% ($388.0M to $874.0M) vs revenue +18.8% ($2.4B to $2.8B), +106.4 pts apart
10-K · XBRL
Inventory growing faster than revenue
Inventory +238.6% ($352.0M to $1.2B) vs revenue +18.8% ($2.4B to $2.8B), +219.8 pts apart
10-K · XBRL
Auditor change
8-K item 4.01 (change in certifying accountant) filed May 23, 2025
10-K · XBRL
Critical audit matters changed
New this year: Fair values of customer relationship intangible assets (“As discussed in Note 20 to the consolidated financial statements, on November 6, 2025, the Company acquired MRC Global Inc. (MRC Global) in a business combination. As a result of the transaction, the Company acquired customer relationships intangible assets associated with the generation of future i”); Evaluation of audit evidence over revenue (“As discussed in Note 3 to the consolidated financial statements, the Company recognized approximately $2.8 billion of revenue for the year ended December 31, 2025. DNOW generates revenue across a significant number of geographically dispersed locations and processes transactions through multiple inf”). No longer listed: Accounting for acquisitions
10-K · XBRL
Accounting checks
7 other checks clear, 4 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

4facts worth reading about the other 7 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +125.3% ($388.0M to $874.0M) vs revenue +18.8% ($2.4B to $2.8B), +106.4 pts apart
  • Inventory growing faster than revenue
    Inventory +238.6% ($352.0M to $1.2B) vs revenue +18.8% ($2.4B to $2.8B), +219.8 pts apart
  • Auditor change
    8-K item 4.01 (change in certifying accountant) filed May 23, 2025
  • Critical audit matters changed
    New this year: Fair values of customer relationship intangible assets (“As discussed in Note 20 to the consolidated financial statements, on November 6, 2025, the Company acquired MRC Global Inc. (MRC Global) in a business combination. As a result of the transaction, the Company acquired customer relationships intangible assets associated with the generation of future i”); Evaluation of audit evidence over revenue (“As discussed in Note 3 to the consolidated financial statements, the Company recognized approximately $2.8 billion of revenue for the year ended December 31, 2025. DNOW generates revenue across a significant number of geographically dispersed locations and processes transactions through multiple inf”). No longer listed: Accounting for acquisitions
  • Cash from operations $155.0M vs net income −$89.0M (FY ending Dec 31, 2025)
6 more checks with nothing to note
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

64 paragraphs in Risk Factors that were not in the 10-K filed Feb 18, 2025. Quoted as filed.

All 64 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    The following is a summary of the certain risks that we believe apply to our business and the industry in which we operate:
  2. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    Demand for our gas utilities products and services depends on our customers’ capital investment programs, which may be reduced or delayed. Gas utilities must obtain regulatory approval for many infrastructure and maintenance projects. As a result, our revenues depend in part on the timing and magnitude of our customers’ capital…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    We may be adversely impacted by holding more inventory than can be sold in a commercial time frame. A fundamental aspect of our business is to have inventory available for customers when they need it. If we over-estimate the amount of inventory that can be sold in a commercial time frame or if market demand for a product drops…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
    A meaningful portion of our business also depends on project-based activity that can be cyclical and susceptible to delay or cancellation. Our results may fluctuate based on the timing of contract awards, project start dates, scope changes, execution schedules and completion timelines. Delays in obtaining awards, shifts in project…

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$2.1B$2.3B$2.4B$2.8B
Net income$128.0M$250.0M$78.0M−$89.0M
Operating cash flow$0$188.0M$298.0M$155.0M
Free cash flow−$9.0M$171.0M$289.0M$134.0M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$2.8B ▲ 18.8% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

DNOW Inc., Houston, TX · from the 10-K filed Feb 26, 2026

DNOW Inc., (“DNOW” or the “Company”), headquartered in Houston, Texas, was incorporated in Delaware on November 22, 2013. On June 2, 2014, DNOW stock began regular trading on the New York Stock Exchange under the ticker symbol “DNOW”. We are a premier provider of energy and industrial solutions, serving as a global leader in the distribution of pipe, valves and fittings (“PVF”), and pumps, as well as in the fabrication, assembly and testing of process and production equipment.

Headquarters
Houston, TX
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Nov 5, 2026
Incorporated in
DE

Employees, at the top of the page: "As of December 31, 2025, we had approximately 5,300 employees, of which approximately 355 were temporary employees" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 26, 2026 (open at SEC), compared with the 10-K filed Feb 18, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/DNOW/export.csv") into a cell.

Esc

Type a ticker such as AAPL, a name, an investor such as Buffett, or a topic such as tariffs. ↑ ↓ to move, Enter to open.