DNOW on NYSE
DNOW Inc.
American oil and gas field machinery and equipment company1
In its 2026 annual report the company says: “We are a premier provider of energy and industrial solutions, serving as a global leader in the distribution of pipe, valves and fittings, and pumps, as well as in the fabrication, assembly and testing of process and production equipment. We provide a broad mix of quality products customers require to build and maintain essential infrastructure and operating equipment across the upstream, midstream, gas utilities, downstream, energy transition and industrial markets.”4 It is headquartered in Houston, Texas.1 Its shares trade on NYSE under the symbol DNOW.1
Price unavailable
Last updated Oct 21, 2026.
Overview
Compare with Weatherford International plc, Cactus Inc. or Innovex International, Inc., or pick any stock.
- TickerDNOW on NYSE1
- IndustryOil & Gas Field Machinery & Equipment1
- HeadquartersHouston, Texas1
- Incorporated inDE2
- Business address7402 North Eldridge Parkway, Houston, Tx 770412
- Filer categoryLarge accelerated filer2
See how the biggest companies compare on our leaderboards
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. We provide a broad mix of quality products customers require to build and maintain essential infrastructure and operating equipment across the upstream, midstream, gas utilities, downstream, energy transition and industrial markets. We deliver a comprehensive range of value-added supply chain solutions and technical product expertise, supported by advanced digital offerings to customers globally.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Upstream brought in 62% of the revenue DNOW Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Upstream | $1.8B | $1.7B | $1.8B |
| Midstream | $255.0M | $452.0M | $590.0M |
| Downstream and Industrial | $210.0M | $204.0M | $288.0M |
| Gas Utilities | $37.0M | $42.0M | $185.0M |
Regions
United States brought in 81% of the revenue DNOW Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $1.7B | $1.9B | $2.3B |
| International | $290.0M | $240.0M | $312.0M |
| Canada | $282.0M | $253.0M | $214.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue80¢$2.3B
- Selling, general and admin19¢$559.0M
- Income tax0¢$12.0M
Out of $2.8B in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending14¢$21.0M
- Share buybacks24¢$37.0M
- Kept or used elsewhere63¢$97.0M
Out of $155.0M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $2.8B | $2.4B | $2.3B |
| Cost of products | $2.3B | $1.8B | $1.8B |
| Gross profit | $478.0M | $531.0M | $539.0M |
| Selling, general and administrative expenses | $559.0M | $416.0M | $395.0M |
| Impairment and other charges | $12.0M | $6.0M | $0 |
| Operating (loss) profit | -$93.0M | $109.0M | $144.0M |
| Other expense | -$7.0M | $1.0M | -$2.0M |
| (Loss) income before income taxes | -$100.0M | $110.0M | $142.0M |
| Income tax (benefit) provision | -$12.0M | $31.0M | -$109.0M |
| Net (loss) income | -$88.0M | $79.0M | $251.0M |
| Net income attributable to noncontrolling interest | $1.0M | $1.0M | $1.0M |
| Net (loss) income attributable to DNOW Inc. | -$89.0M | $78.0M | $250.0M |
| Basic | -$0.76 | $0.72 | $2.29 |
| Diluted | -$0.76 | $0.71 | $2.27 |
| Weighted-average common shares outstanding, basic | 117.9M shares | 106.4M shares | 107.4M shares |
| Weighted-average common shares outstanding, diluted | 117.9M shares | 107.1M shares | 108.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2025-10-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $164.0M | $256.0M | |||
| Receivables, net | $874.0M | $388.0M | |||
| Inventories, net | $1.2B | $352.0M | |||
| Prepaid and other current assets | $48.0M | $32.0M | |||
| Total current assets | $2.3B | $1.0B | |||
| Property, plant and equipment, net | $264.0M | $157.0M | $131.0M | ||
| Operating right-of-use assets | $160.0M | $40.0M | |||
| Deferred income taxes | $11.0M | $93.0M | |||
| Goodwill | $617.0M | $230.0M | $139.0M | ||
| Intangibles, net | $565.0M | $65.0M | |||
| Other assets | $29.0M | $8.0M | |||
| Total assets | $3.9B | $1.6B | $1.5B | ||
| Accounts payable | $653.0M | $300.0M | |||
| Accrued liabilities | $300.0M | $130.0M | |||
| Other current liabilities | $21.0M | $12.0M | |||
| Total current liabilities | $974.0M | $442.0M | |||
| Long-term operating lease liabilities | $129.0M | $29.0M | |||
| Long-term debt | $411.0M | $0 | |||
| Deferred income taxes | $99.0M | $0 | |||
| Other long-term liabilities | $73.0M | $22.0M | |||
| Total liabilities | $1.7B | $493.0M | |||
| Common stock - par value $0.01; 330 million shares authorized; 186,125,254 and 105,652,963 shares issued and outstanding at December 31, 2025 and 2024, respectively | $2.0M | $1.0M | |||
| Additional paid-in capital | $3.2B | $2.0B | |||
| Accumulated deficit | -$836.0M | -$747.0M | |||
| Accumulated other comprehensive loss | -$126.0M | -$153.0M | |||
| DNOW Inc. stockholders' equity | $2.2B | $1.1B | |||
| Noncontrolling interest | $5.0M | $4.0M | |||
| Total stockholders' equity | $2.2B | $1.1B | $1.1B | $844.0M | |
| Total liabilities and stockholders' equity | $3.9B | $1.6B | |||
| Preferred stock, shares issued | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding | 0 shares | 0 shares | |||
| Common stock, par value | $0.01 | $0.01 | |||
| Common stock, shares authorized | 330.0M shares | 330.0M shares | |||
| Common stock, shares issued | 186.1M shares | 82.0M shares | 105.7M shares | ||
| Common stock, shares outstanding | 186.1M shares | 105.7M shares |
| Period ending | 2025-12-31 | 2025-10-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $164.0M | $256.0M | |||
| Receivables, net | $874.0M | $388.0M | |||
| Inventories, net | $1.2B | $352.0M | |||
| Prepaid and other current assets | $48.0M | $32.0M | |||
| Total current assets | $2.3B | $1.0B | |||
| Property, plant and equipment, net | $264.0M | $157.0M | $131.0M | ||
| Operating right-of-use assets | $160.0M | $40.0M | |||
| Deferred income taxes | $11.0M | $93.0M | |||
| Goodwill | $617.0M | $230.0M | $139.0M | ||
| Intangibles, net | $565.0M | $65.0M | |||
| Other assets | $29.0M | $8.0M | |||
| Total assets | $3.9B | $1.6B | $1.5B | ||
| Accounts payable | $653.0M | $300.0M | |||
| Accrued liabilities | $300.0M | $130.0M | |||
| Other current liabilities | $21.0M | $12.0M | |||
| Total current liabilities | $974.0M | $442.0M | |||
| Long-term operating lease liabilities | $129.0M | $29.0M | |||
| Long-term debt | $411.0M | $0 | |||
| Deferred income taxes | $99.0M | $0 | |||
| Other long-term liabilities | $73.0M | $22.0M | |||
| Total liabilities | $1.7B | $493.0M | |||
| Common stock - par value $0.01; 330 million shares authorized; 186,125,254 and 105,652,963 shares issued and outstanding at December 31, 2025 and 2024, respectively | $2.0M | $1.0M | |||
| Additional paid-in capital | $3.2B | $2.0B | |||
| Accumulated deficit | -$836.0M | -$747.0M | |||
| Accumulated other comprehensive loss | -$126.0M | -$153.0M | |||
| DNOW Inc. stockholders' equity | $2.2B | $1.1B | |||
| Noncontrolling interest | $5.0M | $4.0M | |||
| Total stockholders' equity | $2.2B | $1.1B | $1.1B | $844.0M | |
| Total liabilities and stockholders' equity | $3.9B | $1.6B | |||
| Preferred stock, shares issued | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding | 0 shares | 0 shares | |||
| Common stock, par value | $0.01 | $0.01 | |||
| Common stock, shares authorized | 330.0M shares | 330.0M shares | |||
| Common stock, shares issued | 186.1M shares | 82.0M shares | 105.7M shares | ||
| Common stock, shares outstanding | 186.1M shares | 105.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | -$88.0M | $79.0M | $251.0M |
| Depreciation and amortization | $52.0M | $34.0M | $26.0M |
| Increase (decrease) in LIFO reserve | $27.0M | $4.0M | -$4.0M |
| Impairment and other charges | $12.0M | $6.0M | $0 |
| Stock-based compensation | $29.0M | $13.0M | $15.0M |
| Deferred income taxes | -$16.0M | $24.0M | -$118.0M |
| Operating lease expense | $24.0M | $18.0M | $17.0M |
| Other, net | $0 | $1.0M | $10.0M |
| Receivables | $40.0M | $81.0M | $16.0M |
| Inventories | $107.0M | $80.0M | $12.0M |
| Prepaid and other current assets | $20.0M | -$8.0M | $7.0M |
| Accounts payable | -$37.0M | -$15.0M | -$20.0M |
| Accrued liabilities and other, net | -$15.0M | -$19.0M | -$24.0M |
| Net cash provided by operating activities | $155.0M | $298.0M | $188.0M |
| Business acquisitions, net of cash acquired | -$574.0M | -$299.0M | -$32.0M |
| Purchases of property, plant and equipment | -$21.0M | -$9.0M | -$17.0M |
| Other, net | $5.0M | $4.0M | $1.0M |
| Net cash used in investing activities | -$590.0M | -$304.0M | -$48.0M |
| Borrowings under the revolving credit facility | $643.0M | $0 | $0 |
| Repayments under the revolving credit facility | -$232.0M | $0 | $0 |
| Repurchases of common stock | -$37.0M | -$23.0M | -$50.0M |
| Shares withheld for taxes | -$19.0M | -$4.0M | -$1.0M |
| Other, net | -$16.0M | -$6.0M | -$4.0M |
| Net cash provided by (used in) financing activities | $339.0M | -$33.0M | -$55.0M |
| Effect of exchange rates on cash and cash equivalents | $4.0M | -$4.0M | $2.0M |
| Net change in cash and cash equivalents | -$92.0M | -$43.0M | $87.0M |
| Income taxes paid, net | $3.0M | $6.0M | $10.0M |
| Interest paid | $4.0M | $0 | $0 |
| Accrued purchases of property, plant and equipment | $5.0M | $1.0M | $1.0M |
| Common stock issued in connection with acquisition of MRC Global | $1.2B | $0 | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
DNOW Inc. sits at the top of its group. 40 entities, 19 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of DNOW Inc.
- DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on DNOW Inc., latest Jul 14, 2026 (4 filings since Feb 8, 2022)
- Wellington Management Company Filed SCHEDULE 13G/A on DNOW Inc., latest Jun 5, 2026 (3 filings since Feb 10, 2026)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on DNOW Inc., latest Apr 29, 2026
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on DNOW Inc., latest Apr 29, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on DNOW Inc., latest Mar 26, 2026 (5 filings since Feb 10, 2022)
- Pacer Advisors, Inc. Filed SCHEDULE 13G/A on DNOW Inc., latest May 2, 2025 (2 filings since May 2, 2025)
- BlackRock Filed SCHEDULE 13G/A on DNOW Inc., latest Apr 29, 2025 (6 filings since Jan 26, 2022)
- RENAISSANCE TECHNOLOGIES LLC Filed SC 13G/A on DNOW Inc., latest Feb 10, 2022
- Clearbridge Investments, LLC Filed SC 13G/A on DNOW Inc., latest Feb 9, 2022
- DNOW Inc. Houston, Texas
- Distribution NOW FZE Subsidiary · United Arab Emirates
- DNOW Canada ULC Subsidiary · Canada
- Group KZ LLP Subsidiary · Kazakhstan
- MacLean International Group (Australia) Pty. Ltd. Subsidiary · Australia
- MacLean International Group (SGP) Pte. Ltd. Subsidiary · Singapore
- MacLean International Group Limited Subsidiary · United Kingdom
- McJunkin Red Man UK Ltd. Subsidiary · United Kingdom
- MRC Global (Belgium) N.V. Subsidiary · Belgium
- MRC Global (Finland) OY Subsidiary · Finland
- MRC Global (France) SAS Subsidiary · France
- MRC Global (Germany) GmbH Subsidiary · Germany
- MRC Global (Italy) SRL Subsidiary · Italy
- MRC Global (Netherlands) BV Subsidiary · Netherlands
- MRC Global (New Zealand) Limited Subsidiary · New Zealand
- MRC Global (Saudi Arabia) LLC (*2) Subsidiary · Saudi Arabia
- MRC Global (Singapore) Ltd. Subsidiary · Singapore
- MRC Global (UK) Limited Subsidiary · United Kingdom
- MRC Global Australia Pty Ltd. Subsidiary · Australia
- MRC Global Canada Holdings (UK) Limited Subsidiary · United Kingdom
- MRC Global LLC Subsidiary · Oman
- MRC Global Middle East FZE Subsidiary · United Arab Emirates
- MRC Global Middle East Trading LLC (*3) Subsidiary · United Arab Emirates
- MRC Global Norway AS Subsidiary · Norway
- MRC Stream AS Subsidiary · Norway
- MRC Transmark Group BV Subsidiary · Netherlands
- and 14 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What DNOW Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $681.0M5 Dec 31, 2025 | $346.0M5 Dec 31, 2024 | +96.8% |
| Accumulated depreciation | $417.0M5 Dec 31, 2025 | $189.0M5 Dec 31, 2024 | +120.6% |
| Property and equipment, net | $264.0M5 Dec 31, 2025 | $157.0M5 Dec 31, 2024 | +68.2% |
| Finance-lease assets | $26.0M5 Dec 31, 2025 | $24.0M5 Dec 31, 2024 | +8.3% |
| Operating-lease assets (leased space) | $160.0M5 Dec 31, 2025 | $40.0M5 Dec 31, 2024 | +300.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $164.0M5 Dec 31, 2025 | $256.0M5 Dec 31, 2024 | −35.9% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $617.0M5 Dec 31, 2025 | $230.0M5 Dec 31, 2024 | +168.3% |
| Finite-lived intangibles, gross | $590.0M5 Dec 31, 2025 | $78.0M5 Dec 31, 2024 | +656.4% |
| Accumulated amortization | $25.0M5 Dec 31, 2025 | $13.0M5 Dec 31, 2024 | +92.3% |
| Finite-lived intangibles, net | $565.0M5 Dec 31, 2025 | $65.0M5 Dec 31, 2024 | +769.2% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $1.2B5 Dec 31, 2025 | $352.0M5 Dec 31, 2024 | +238.6% |
| Work in process | $17.0M9 Dec 31, 2024 | $33.0M9 Dec 31, 2023 | −48.5% |
Properties, in its own words
As of December 31, 2025, our three reporting segments, the United States, Canada and International, had approximately 210 locations, 35 locations and 55 locations, respectively. International countries include: Australia, Belgium, Finland, France, Germany, Italy, Kuwait, the Netherlands, New Zealand, Norway, Oman, Saudi Arabia, Singapore, the United Arab Emirates, and the UK. Our properties are comprised of offices, branches, super centers and RDCs, approximately 91% of which are leased. One owned facility is pledged as collateral under our senior secured revolving credit facility discussed in Note 11 “Debt” of the Notes to Consolidated Financial Statements (Part IV, Item 15 of this Form 10-K); none of our owned facilities are subject to mortgages.
Item 2 of the 10-K filed Feb 26, 2026.4
Leadership
Who has led DNOW Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
- Chief executive officerDavid A. Cherechinsky Nov 30, 2020 to now13
- Chief executive officerRichard J. Alario Nov 21, 2019 to Nov 21, 201914
- Chief executive officerRobert R. Workman May 13, 2014 to Feb 21, 201915
- ChairMerrill A. Miller Jr. May 13, 2014 to Feb 27, 201716
- PresidentDavid A. Cherechinsky Nov 30, 2020 to now13
- PresidentRobert R. Workman May 13, 2014 to Feb 21, 201915
- Chief financial officerDavid A. Cherechinsky Feb 21, 2018 to Feb 25, 202017
- Chief financial officerDaniel L. Molinaro May 13, 2014 to Feb 27, 201718
Board members and other officers (21)
- OfficerRaymond W. Chang Feb 24, 2026 to now19
- VP and CAOGillian Anderson Nov 6, 2025 to now20
- OfficerFanny R. Surratt Jan 8, 2021 to now21
- OfficerKelly T. Munson Jan 8, 2021 to now22
- Executive Vice PresidentDaniel L. Molinaro Feb 21, 2018 to Feb 25, 202023
- VP, Corp. Controller and CAODavid A. Cherechinsky May 13, 2014 to now24
- Board memberGeorge John Damiris Nov 6, 2025 to now25
- Board memberRonald L. Jadin Nov 6, 2025 to now26
- Board memberKaren David-Green Mar 27, 2023 to now27
- Board memberDavid A. Cherechinsky Feb 23, 2021 to now28
- Board memberSonya Reed Aug 12, 2021 to now29
- Board memberPaul M. Coppinger Jan 3, 2018 to now30
- Board memberJ. Wayne Richards May 13, 2014 to May 20, 202131
- Board memberRobert R. Workman May 13, 2014 to Feb 21, 201915
- Board memberRodney W. Eads May 13, 2014 to now32
- Board memberGalen Cobb May 30, 2014 to now33
- Board memberJames Crandell May 30, 2014 to May 26, 202234
- Board memberMichael E. Frazier May 30, 2014 to May 24, 201835
- Board memberRichard J. Alario May 30, 2014 to now36
- Board memberTerry Bonno May 30, 2014 to now37
- General counselRaymond W. Chang May 13, 2014 to now38
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- DNOW Canada ULC Canada3
- Distribution NOW FZE United Arab Emirates3
- Group KZ LLP Kazakhstan3
- MRC Global (Belgium) N.V. Belgium3
- MRC Global (Finland) OY Finland3
- MRC Global (France) SAS France3
- MRC Global (Germany) GmbH Germany3
- MRC Global (Italy) SRL Italy3
- MRC Global (Netherlands) BV Netherlands3
- MRC Global (New Zealand) Limited New Zealand3
- MRC Global (Saudi Arabia) LLC (*2) Saudi Arabia3
- MRC Global (Singapore) Ltd. Singapore3
- MRC Global (UK) Limited United Kingdom3
- MRC Global Australia Pty Ltd. Australia3
- MRC Global Canada Holdings (UK) Limited United Kingdom3
- MRC Global LLC Oman3
- MRC Global Middle East FZE United Arab Emirates3
- MRC Global Middle East Trading LLC (*3) United Arab Emirates3
- MRC Global Norway AS Norway3
- MRC Stream AS Norway3
- MRC Transmark Group BV Netherlands3
- MRC Transmark Holdings UK Ltd. United Kingdom3
- MacLean International Group (Australia) Pty. Ltd. Australia3
- MacLean International Group (SGP) Pte. Ltd. Singapore3
All 40 listed subsidiaries
- MacLean International Group Limited United Kingdom3
- McJunkin Red Man UK Ltd. United Kingdom3
- NOW Canada Holding B.V. Netherlands3
- NOW Canada Holding ULC Canada3
- NOW Cooperatief I U.A. Netherlands3
- NOW Cooperatief II U.A. Netherlands3
- NOW Distribution India Private Limited India3
- NOW Holding Cooperatief U.A. Netherlands3
- NOW Indonesia Holding B.V. Netherlands3
- NOW Mexico Holding I B.V. Netherlands3
- NOW Mexico Holding II B.V. Netherlands3
- NOW Netherlands B.V. Netherlands3
- NOW Netherlands II B.V. Netherlands3
- NOW Norway AS Norway3
- Wilson Distribution Holdings B.V. Netherlands3
- Wilson Supply Chain Services Limited British Virgin Islands3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- NOW Inc.Feb 26, 2014 to Jan 9, 20242
Timeline
- Aug 6, 20268-K Results of operations39
- May 20, 20268-K Shareholder vote40
- May 7, 20268-K Results of operations41
- Feb 27, 20268-K Executive or director change42
- Feb 20, 20268-K Results of operations43
- Jan 16, 20268-K Financial statements and exhibits44
- Nov 6, 20258-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation45
- Nov 5, 20258-K Results of operations46
- Oct 7, 20258-K Other events47
- Sep 9, 20258-K Shareholder vote48
- Aug 29, 20258-K Other events49
- Aug 6, 20258-K Results of operations50
- Nov 30, 2020New chief executive David A. Cherechinsky becomes CEO13
- Nov 21, 2019New chief executive Richard J. Alario becomes CEO14
- May 13, 2014New chief executive Robert R. Workman becomes CEO15
Calendar
Coming up
- Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.26 a share, on Nov 5, 2025.51
When it reported results
- Aug 6, 2026Reported quarterly or annual results39
- May 7, 2026Reported quarterly or annual results41
- Feb 20, 2026Reported quarterly or annual results43
- Nov 5, 2025Reported quarterly or annual results46
- Aug 6, 2025Reported quarterly or annual results50
- May 7, 2025Reported quarterly or annual results52
- Feb 13, 2025Reported quarterly or annual results53
- Nov 7, 2024Reported quarterly or annual results54
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
231 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 41 major events, 91 insider forms, 24 large holders, 54 other. The latest 20:
- Aug 12, 20264 EDGAR
- Aug 12, 20264 EDGAR
- Aug 12, 20264 EDGAR
- Aug 10, 2026144 EDGAR
- Aug 10, 2026144 EDGAR
- Aug 10, 2026144 EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Jul 14, 2026SCHEDULE 13G/A EDGAR
- Jun 5, 2026SCHEDULE 13G/A EDGAR
- Jun 1, 2026SD EDGAR
- May 22, 20264 EDGAR
- May 22, 20264 EDGAR
- May 22, 20264 EDGAR
- May 22, 20264 EDGAR
- May 22, 20264 EDGAR
- May 22, 20264 EDGAR
- May 22, 20264 EDGAR
- May 22, 20264 EDGAR
- May 20, 20268-K EDGAR
The 231 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
10 open-market trades by officers, directors and large owners since October 2021: 0 buys and 10 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Chang Raymond WVP and General Counsel | Sale | 76,238 | $16.98 | $1.3M | Form 4 |
| Aug 10, 2026 | Cherechinsky David APresident and CEO | Sale | 256,142 | $16.73 | $4.3M | Form 4 |
| Aug 10, 2026 | Johnson Mark BSee Remarks | Sale | 112,841 | $16.79 | $1.9M | Form 4 |
| Feb 19, 2025 | Munson Kelly T.See Remarks | Sale | 10,000 | $17.47 | $174.7K | Form 4 |
| Dec 2, 2024 | COPPINGER PAUL MDirector | Sale | 26,186 | $15.08 | $394.9K | Form 4 |
| Nov 27, 2024 | COPPINGER PAUL MDirector | Sale | 26,186 | $15.35 | $402.0K | Form 4 |
| Aug 12, 2024 | Surratt Fanny R.See Remarks | Sale | 3,500 | $12.66 | $44.3K | Form 4 |
| May 14, 2024 | Chang Raymond WVP and General Counsel | Sale | 93,284 | $13.51 | $1.3M | Form 4 |
| May 14, 2024 | Cherechinsky David APresident and CEO | Sale | 123,881 | $13.57 | $1.7M | Form 4 |
| May 14, 2024 | Johnson Mark BSee Remarks | Sale | 47,015 | $13.50 | $634.7K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 4 filings Feb 8, 2022 to Jul 14, 202655
- Wellington Management CompanySCHEDULE 13G/A, 3 filings Feb 10, 2026 to Jun 5, 202656
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202657
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202658
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 26, 202659
- Pacer Advisors, Inc.SCHEDULE 13G/A, 2 filings May 2, 202560
- BlackRockSCHEDULE 13G/A, 6 filings Jan 26, 2022 to Apr 29, 202561
- RENAISSANCE TECHNOLOGIES LLCSC 13G/A, 1 filing Feb 10, 202262
- Clearbridge Investments, LLCSC 13G/A, 1 filing Feb 9, 202263
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Gillian AndersonVice President & Chief Accounting Officer | $274.8K | $564.1K64 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 28,908,385 | $374.9M | 0.0% | −783,090 |
| Wellington Management Group Llp | 19,513,068 | $253.1M | 0.0% | +2,633,894 |
| Vanguard Portfolio Management LLC | 10,397,158 | $134.9M | 0.0% | −26,395 |
| Vanguard Capital Management LLC | 8,202,459 | $106.4M | 0.0% | −129,100 |
| Dimensional Fund Advisors LP | 7,956,916 | $103.2M | 0.0% | −2,425,704 |
| State Street Corp | 7,279,614 | $94.4M | 0.0% | +175,510 |
| First Trust Advisors LP | 6,607,074 | $85.7M | 0.1% | +2,541,346 |
| Engine Capital Management, LP | 5,169,462 | $67.0M | 6.5% | +3,600 |
| Geode Capital Management, LLC | 4,769,830 | $61.9M | 0.0% | +216,024 |
| Renaissance Technologies LLC | 4,697,825 | $60.9M | 0.1% | +239,800 |
| Greenhaven Associates Inc | 4,343,617 | $56.3M | 0.7% | +3,519,130 |
| River Road Asset Management, LLC | 3,936,101 | $51.1M | 0.6% | −73,124 |
| Rubric Capital Management LP | 3,898,635 | $50.6M | 0.5% | +2,631,108 |
| Verbena Value LP | 3,607,059 | $46.8M | 7.7% | +309,155 |
| Barrow Hanley Mewhinney & Strauss LLC | 3,279,914 | $42.5M | 0.1% | −614,884 |
| ACK Asset Management LLC | 3,000,000 | $38.9M | 4.5% | New |
| Charles Schwab Investment Management Inc | 2,989,585 | $38.8M | 0.0% | +19,094 |
| Pzena Investment Management LLC | 2,893,482 | $37.5M | 0.1% | −201,833 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 2,845,675 | $36.9M | 0.0% | +215,438 |
| Fuller & Thaler Asset Management, Inc. | 2,818,746 | $36.6M | 0.1% | −99,875 |
| Adage Capital Partners Gp, L.l.c. | 2,635,000 | $34.2M | 0.0% | New |
| Bank Of America Corp /de/ | 1,955,141 | $25.4M | 0.0% | +539,418 |
| Northern Trust Corp | 1,954,716 | $25.4M | 0.0% | +84,249 |
| Morgan Stanley | 1,785,055 | $23.2M | 0.0% | −61,371 |
| Royce & Associates LP | 1,751,649 | $22.7M | 0.2% | +92,955 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How DNOW Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARDNOW Inc.1
- CIK0001599617
- Employer ID (EIN)46-41911844
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)3533 Oil & Gas Field Machinery & Equipment1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address7402 North Eldridge Parkway, Houston, TX 770411
- Phone281-823-47001
- Shares outstanding180,785,891 as of Jul 29, 202611
- Public float$1.6B as of Jun 30, 20254
- AuditorKPMG LLP, Houston, Texas PCAOB ID 185; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceFeb 26, 20141
- Filings560 in all: 4 (224), 8-K (89), SC 13G/A (54), 10-Q (38), 3 (22), SC 13G (16), 425 (15), 10-K (12)1
All 34 form types
DEF 14A (12), 144 (8), SCHEDULE 13G/A (8), 11-K (7), CORRESP (7), DEFA14A (7), ARS (5), UPLOAD (5), SCHEDULE 13G (4), 10-12B/A (3), 3/A (3), 8-K/A (3), S-8 (3), 10-K/A (2), 4/A (2), 10-12B (1), 15-15D (1), 424B3 (1), 5 (1), DEFR14A (1), EFFECT (1), PRE 14A (1), S-4 (1), S-8 POS (1), SC 13D (1), SD (1)
- Latest filingsAnnual report (10-K) Feb 26, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Apr 9, 2026
Latest 8-K (8-K) Aug 6, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 | DNOW | New York Stock Exchange |
From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks DNOW Inc. names in Item 1A of its 10-K filed Feb 26, 2026: 49 risks under these headings, as written.4
- Decreased capital and other expenditures in the energy industry, which can result from decreased oil and natural gas prices, among other things, can adversely impact our customers’ demand for our products and our revenue.
- Demand for our gas utilities products and services depends on our customers’ capital investment programs, which may be reduced or delayed.
- Volatile oil and gas prices affect demand for our products.
- General economic and geopolitical conditions may adversely affect our business.
- If our product costs became subject to significant future inflationary pressures, then we may not be able to fully offset these higher costs through price increases.
- We may be adversely impacted by holding more inventory than can be sold in a commercial time frame.
- We may be unable to compete successfully with other companies in our industry.
- Demand for our sales of the products we distribute could decrease if the manufacturers of those products were to instead sell a substantial amount of goods directly to our customers in the sectors we serve.
- We may need additional capital in the future, and it may not be available on acceptable terms, or at all.
- We do not have long-term contracts or agreements with many of our customers. The contracts and agreements that we do have generally do not commit our customers to any minimum purchase volume. The loss of a significant customer may have a material adverse effect on us.
- Changes in our customer and product mix, as well as the timing, complexity and cyclical nature of our project-based work, could cause our margins and operating results to fluctuate and adversely affect our competitive position.
- Customer credit risks could result in losses.
The other 37 risks
- We may be unable to successfully execute or effectively integrate acquisitions.
- We may continue to experience challenges with the stabilization of the U.S. ERP system inherited from MRC Global.
- We are a holding company and depend upon our subsidiaries for our cash flow.
- If we lose any of our key personnel, we may be unable to effectively manage our business or continue our growth.
- Interruptions in the proper functioning of our information systems, including as a result of cyber incidents, deficiencies in our cybersecurity or disruptions involving third-party service providers, could compromise data, disrupt operations, impair financial reporting, expose us to liability and regulatory scrutiny, and adversely affect our financial results and the market price of our stock.
- The loss of third-party transportation providers upon whom we depend, or conditions negatively affecting the transportation industry, could increase our costs or cause a disruption in our operations.
- Adverse weather events or natural disasters could negatively affect local economies and disrupt operations.
- Privacy concerns relating to our personal and business information being potentially breached could damage our reputation and deter current and potential users or customers from using our products and services.
- We have goodwill recorded on our balance sheet. If our goodwill becomes impaired, we may be required to recognize charges that would reduce our income.
- Our indebtedness may affect our ability to operate our business, and this could have a material adverse effect on us.
- We may not be able to successfully integrate the business of MRC Global into our business or realize the anticipated benefits of the mergers.
- MRC Global may initially operate outside our existing control environment, and delays in integrating their systems and processes could expose us to control deficiencies and financial reporting risks.
- The failure to successfully combine the businesses of DNOW and MRC Global may adversely affect our business.
- The future results of DNOW following the merger will suffer if the combined company does not effectively manage its expanded operations.
- The financial forecasts disclosed in connection with the merger are based on various assumptions that may not be realized.
- The combined company’s ability to use the existing U.S. federal capital loss carryforwards, net operating loss carryforwards and other tax attributes could be limited.
- We may experience unexpected supply shortages.
- We may experience cost increases from suppliers, which we may be unable to pass on to our customers.
- We do not have contracts with most of our suppliers. The loss of a significant supplier would require us to rely more heavily on our other existing suppliers or to develop relationships with new suppliers. Such a loss may have an adverse effect on our product offerings and our business.
- Changes in our credit profile may affect our relationship with our suppliers, which could have a material adverse effect on our liquidity.
- Price reductions by suppliers of products that we sell could cause the value of our inventory to decline. Also, these price reductions could cause our customers to demand lower sales prices for these products, possibly decreasing our margins and profitability on sales to the extent that we purchased our inventory of these products at the higher prices prior to supplier price reductions.
- A substantial decrease in the price of steel could significantly lower our product margin or cash flow.
- If steel prices rise, we may be unable to pass along the cost increases to our customers.
- If existing tariffs and duties on imports of line pipe or certain of the other products that we sell are lifted, the U.S. market could see an increased supply of less expensive products, which could adversely affect our business and results of operations.
- Changes in trade policies, including the imposition or elimination of additional tariffs and duties, and risks with governmental instability in certain parts of the world could negatively impact our business, financial condition and results of operations.
- We are subject to strict environmental, health and safety laws and regulations that may lead to significant liabilities and have a material adverse effect on our business, financial condition and results of operations.
- Existing or future laws, regulations, court orders or other public- or private-sector initiatives to limit greenhouse gas emissions or relating to climate change may reduce demand for our products and services and the physical effects of climate change could damage our assets or facilities, adversely impacting our business, results of operations, and financial condition.
- We may not have adequate insurance for potential liabilities, including liabilities arising from litigation.
- Due to our position as a distributor, we are subject to personal injury, product liability and environmental claims involving allegedly defective products.
- We face risks associated with conducting business in markets outside of the U.S. and Canada.
- We are subject to U.S. and other anti-corruption laws, trade controls, economic sanctions, and similar laws and regulations, including those in the jurisdictions where we operate. Our failure to comply with these laws and regulations could subject us to civil, criminal and administrative penalties and harm our reputation.
- Compliance with and changes in laws and regulations in the countries in which we operate could have a significant financial impact and affect how and where we conduct our operations.
- We are a defendant in asbestos-related lawsuits. Exposure to these and any future lawsuits could have a material adverse effect on us.
- The market price of our shares may fluctuate widely.
- Your percentage ownership in us may be diluted in the future.
- We cannot assure you that we will pay dividends on our common stock.
- Certain provisions in our corporate documents and Delaware law may prevent or delay an acquisition of our company, even if that change may be considered beneficial by some of our stockholders.
Legal proceedings
From time to time, we have been subject to various claims and involved in legal proceedings incidental to the nature of our businesses. We maintain insurance coverage to reduce financial risk associated with certain of these claims and proceedings. It is not possible to predict the outcome of these claims and proceedings. However, in our opinion, there are no pending legal proceedings that upon resolution are likely to have a material effect on our business, financial condition, results of operations or cash flows.
Also, from time to time, in the ordinary course of our business, our customers may claim that the products that we distribute are either defective or require repair or replacement under warranties that either we or the manufacturer may provide to the customer. These proceedings are, in the opinion of management, ordinary and routine matters incidental to our normal business. Our purchase orders with our suppliers generally require the manufacturer to indemnify us against any product liability claims, leaving the manufacturer ultimately responsible for these claims. In many cases, state, provincial or foreign law provides protection to distributors for these sorts of claims, shifting the responsibility to the manufacturer. In some cases, we could be required to repair or replace the products for the benefit of our customer and seek our recovery from the manufacturer for our expense. In the opinion of management, the ultimate disposition of these claims and proceedings are not expected to have a material adverse effect on our financial position, results of operations or cash flows.
For information regarding asbestos cases in which we are a defendant and other claims and proceedings, see Management’s Discussion and Analysis of Financial Condition and Results of Operations (Part II, Item 7 of this Form 10-K) and Note 14 “Commitments and Contingencies” of the Notes to Consolidated Financial Statements (Part IV, Item 15 of this Form 10-K).
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARDNOW Inc. filings on SEC EDGAR
- 2SEC EDGARDNOW Inc. filings on SEC EDGAR
- 3
- 4
- 5SEC EDGARDNOW Inc. 10-K for fiscal 2025
- 6SEC EDGARDNOW Inc. 10-K for fiscal 2019
- 7SEC EDGARDNOW Inc. 10-K for fiscal 2020
- 8SEC EDGARDNOW Inc. 10-K for fiscal 2021
- 9SEC EDGARDNOW Inc. 10-K for fiscal 2022
- 10SEC EDGARDNOW Inc. 10-Q for fiscal 2026
- 11SEC EDGARDNOW Inc. 10-Q for fiscal 2026
- 12SEC EDGARDNOW Inc. 10-K for fiscal 2019
- 13
- 14
- 15
- 16SEC EDGARMerrill A. Miller Jr., Chair
- 17
- 18
- 19SEC EDGARRaymond W. Chang, Officer
- 20SEC EDGARGillian Anderson, VP and CAO
- 21SEC EDGARFanny R. Surratt, Officer
- 22SEC EDGARKelly T. Munson, Officer
- 23
- 24
- 25SEC EDGARGeorge John Damiris, Board member
- 26SEC EDGARRonald L. Jadin, Board member
- 27SEC EDGARKaren David-Green, Board member
- 28SEC EDGARDavid A. Cherechinsky, Board member
- 29SEC EDGARSonya Reed, Board member
- 30SEC EDGARPaul M. Coppinger, Board member
- 31SEC EDGARJ. Wayne Richards, Board member
- 32SEC EDGARRodney W. Eads, Board member
- 33SEC EDGARGalen Cobb, Board member
- 34SEC EDGARJames Crandell, Board member
- 35SEC EDGARMichael E. Frazier, Board member
- 36SEC EDGARRichard J. Alario, Board member
- 37SEC EDGARTerry Bonno, Board member
- 38SEC EDGARRaymond W. Chang, General counsel
- 39SEC EDGARResults of operations
- 40SEC EDGARShareholder vote
- 41SEC EDGARResults of operations
- 42SEC EDGARExecutive or director change
- 43SEC EDGARResults of operations
- 44SEC EDGARFinancial statements and exhibits
- 45
- 46SEC EDGARResults of operations
- 47SEC EDGAROther events
- 48SEC EDGARShareholder vote
- 49SEC EDGAROther events
- 50SEC EDGARResults of operations
- 51NasdaqNasdaq calendar
- 52
- 53
- 54
- 55
- 56
- 57
- 58
- 59
- 60
- 61
- 62
- 63
- 64