DNOW targets $70M in MRC synergies as data centers fuel growth. Seventy million dollar synergy target plus data center expansion signals major strategic moves likely to shift DNOW trajectory and sentiment.
| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | 3 | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 299.00 | 256.00 | 164.00 | 114.00 |
| Receivables | 384.00 | 388.00 | 874.00 | 889.00 |
| Inventory | 366.00 | 352.00 | 1,192.00 | 1,062.00 |
| Other | — | — | — | — |
| 1,068.00 | 1,028.00 | 2,278.00 | 2,117.00 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 288.00 | 300.00 | 653.00 | 711.00 |
| ST’ Debt | — | — | — | — |
| Other | 10.00 | 12.00 | 21.00 | 18.00 |
| 418.00 | 442.00 | 974.00 | 991.00 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1,183.00 | 1,307.00 | — | — |
—
|
| ’25 | 599.00 | 628.00 | 634.00 | 959.00 |
2,820.00
|
| ’24 | 563.00 | 633.00 | 606.00 | 571.00 |
2,373.00
|
| ’23 | 584.00 | 594.00 | 588.00 | 555.00 |
2,321.00
|
| ’22 | 473.00 | 539.00 | 577.00 | 547.00 |
2,136.00
|
| ’21 | 361.00 | 400.00 | 439.00 | 432.00 |
1,632.00
|
| ’20 | 604.00 | 370.00 | 326.00 | 319.00 |
1,619.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (95.00) | 133.00 | — | — |
—
|
| ’25 | (16.00) | 45.00 | 43.00 | 83.00 |
155.00
|
| ’24 | 81.00 | 21.00 | 74.00 | 122.00 |
298.00
|
| ’23 | (22.00) | (29.00) | 45.00 | 6.00 |
188.00
|
| ’21 | (4.00) | 8.00 | 24.00 | 2.00 |
30.00
|
| ’20 | 6.00 | 68.00 | 59.00 | 56.00 |
189.00
|
| ’19 | (20.00) | 69.00 | 101.00 | 74.00 |
224.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (103.00) | 124.00 | — | — |
—
|
| ’25 | (22.00) | 41.00 | 39.00 | 76.00 |
134.00
|
| ’24 | 80.00 | 18.00 | 72.00 | 119.00 |
289.00
|
| ’23 | (11.00) | 79.00 | 0.00 | 103.00 |
171.00
|
| ’22 | (22.00) | (35.00) | 44.00 | 4.00 |
(9.00)
|
| ’21 | (5.00) | 7.00 | 22.00 | 1.00 |
25.00
|
| ’20 | 3.00 | 66.00 | 57.00 | 55.00 |
181.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.24) | (0.11) | — | — |
—
|
| ’25 | 0.20 | 0.23 | 0.23 | (0.95) |
(0.76)
|
| ’24 | 0.19 | 0.21 | 0.12 | 0.21 |
0.74
|
| ’23 | 0.28 | 0.31 | 0.32 | 1.35 |
2.24
|
| ’22 | 0.27 | 0.23 | 0.35 | 0.28 |
1.13
|
| ’21 | (0.09) | (0.02) | 0.05 | 0.11 |
0.05
|
| ’20 | (3.03) | (0.27) | (0.20) | (0.40) |
(3.91)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 8.44 | 8.83 | 9.44 | 12.01 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.51 | 14.86 | 15.65 | 18.45 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,525 | 2,475 | 2,575 | 5,655 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.85 | 0.94 | 0.92 | 0.50 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,136.00 | 2,321.00 | 2,373.00 | 2,820.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.69% | 23.22% | 22.38% | 16.95% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 139.00 | 142.00 | 110.00 | (100.00) | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.51% | 6.12% | 4.64% | (3.55%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 129.00 | 251.00 | 79.00 | (88.00) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.00 | 26.00 | 40.00 | 64.00 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.24 | 21.69 | 22.39 | 23.90 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 1.14 | 2.26 | 0.75 | (0.76) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.00 | 1.76 | 2.81 | 1.31 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.08) | (0.16) | (0.08) | (0.18) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.08) | 1.60 | 2.73 | 1.14 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.60 | 9.93 | 10.64 | 18.97 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 111.00 | 107.00 | 106.00 | 118.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 10.72 | 4.90 | 17.35 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.63 | 0.51 | 0.58 | 0.55 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.59 | 1.12 | 1.22 | 0.70 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.55 | 0.40 | 0.49 | 0.65 | ‡‡‡ | ‡‡‡‡ | ‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (69.48) | 5.68 | 4.12 | 14.34 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | 188.00 | 298.00 | 155.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (9.00) | (17.00) | (9.00) | (21.00) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (9.00) | 171.00 | 289.00 | 134.00 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 578.00 | 650.00 | 586.00 | 1,304.00 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 49.00 | — | — | 411.00 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (163.00) | (299.00) | (256.00) | 247.00 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 844.00 | 1,063.00 | 1,128.00 | 2,238.00 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.40% | 17.55% | 4.95% | (3.21%) | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.02% | 11.78% | 7.81% | (2.34%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.20% | 26.22% | 7.12% | (5.29%) | ‡‡‡‡‡ | — | — |
ROE
|
DNOW Inc., a resilient distributor of oilfield essentials, has weathered brutal energy cycles since its 2014 spin-off, slashing headcount over 40% and boosting revenue per employee 72% to navigate 2014-2016 and 2020 crashes. Revenue rebounded 46% to $2.37 billion by 2024 amid the Ukraine-sparked energy crisis, with gross margins expanding 38% to 22.6% through pricing power and efficiency. Profitability flipped from a $427 million net loss to $82 million income, with elite ROE peaks at 25.5% and strong free cash flow funding deleveraging to a net cash fortress.
Stock trades at attractive multiples—17x trailing PE and sub-0.6x PS—lagging fundamentals slightly, with neutral insider silence and modest analyst targets implying 10% upside. Yet projections dazzle: revenue doubling to $5.6 billion by 2027 (92% surge in 2026 alone), EPS climbing 70% cumulatively to $1.28, driven by potential M&A, U.S. shale, LNG booms, and firm oil prices.
This lean cash machine, proven in two busts, faces dilution risks from tripling shares but coils for a breakout if energy holds $70+, making it a value play in turbulent skies worth exploring.
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