DNOW INC (DNOW)
Industrials · Energy and industrial distribution (pipes, valves, fittings, pumps, process equipment) · NYSE
Global energy and industrial distributor of pipes, valves, fittings, and process equipment, recently expanded through MRC Global acquisition to deliver integrated supply chain solutions across oil, gas, and industrial markets.
What DNOW INC does
DNOW Inc. is a premier global distributor of pipes, valves, fittings (PVF), pumps, and process equipment serving energy and industrial markets. Following its November 2025 acquisition of MRC Global, the company provides comprehensive supply chain solutions, including sourcing, inventory management, and technical expertise across upstream, midstream, gas utilities, downstream, and industrial sectors. The company operates approximately 300 locations worldwide with a workforce of roughly 5,300 employees, delivering mission-critical products to customers in oil and gas, refining, petrochemical, chemical, and industrial applications.
Themes: ["Oil and gas distribution / upstream supply chain","Energy infrastructure and midstream operations","Industrial and process equipment supply","Downstream refining and petrochemical distribution","Valve and fittings distribution","Digital commerce and e-commerce platform","Supply chain management and procurement","MRO (maintenance, repair, operating) supplies","LNG and renewable natural gas facilities support","Data center industrial solutions"]
Fundamentals
- Price$12.84 as of 2026-07-09 close
- Market cap$2.4B as of 2026-07-10
- 1-year return-8.3% as of 2026-07-09 close
- Net margin-4.5% as of 2026-07-10
- Gross margin+16.8% as of 2026-07-10
- ROE-9.2% as of 2026-07-10
- Debt / equity0.27 as of 2026-07-10
- Revenue growth (YoY)+41.3% as of 2026-07-10
- Revenue CAGR (3y)+9.7% SEC XBRL
- Beta0.88 as of 2026-07-10
Key risks (from latest filing)
["Significant net losses and negative margins; the company reported a net loss of $44 million in Q1 2026 despite 41% revenue growth YoY, driven by acquisition integration costs and inventory valuation impacts from the MRC Global acquisition","High leverage and increased debt from the MRC Global all-stock acquisition; long-term debt increased from $411 million (December 2025) to $571 million (March 2026), raising refinancing and financial flexibility risks","Exposure to volatile commodity markets and energy price cycles; revenue concentration in upstream, midstream, downstream, and industrial sectors creates vulnerability to oil and gas price fluctuations and economic downturns"]
Competitors & peers
- MRC Global Inc. (merged into DNOW, November 2025)
- Applied Industrial Technologies (AIT)
- Wesco International (WCC)
- ScanSource Inc. (SCSC)
- Anixter International (now part of TD Synnex)
- Badger Meter (BMI)
- Graco Inc. (GGG)
- Roper Technologies (ROP)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.