DNOW
Market read
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
Invalidation: The isolated read changes if DNOW's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“For the three and six months ended June 30, 2026, o ur international segment revenue was favorably impacted by approximately $1 million and $4 million, respectively, due to changes in foreign currency exchange rates.”10-Q · Aug 6, 2026 ↗
“For the six months ended June 30, 2026, net cash provided by operating activities was primarily driven by a net increase of $31 million in working capital, mainly resulting from decreases in accrued liabilities for severance and legal and professional fees as…”10-Q · Aug 6, 2026 ↗
“Other expense was $10 million and $20 million for the three and six months ended June 30, 2026 and was primarily attributable to interest expense on borrowings associated with the acquisition of MRC Global completed in the fourth quarter of 2025.”10-Q · Aug 6, 2026 ↗
“For the six months ended June 30, 2026, the decrease in contract assets was primarily attributable to a reduction in orders awaiting customer-specific documentation required prior to invoicing in the Company’s U.S.”10-Q · Aug 6, 2026 ↗
Valuation discipline
Price/sales 0.7× · EV/sales 0.7×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for DNOW. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
10-Q filed 2026-05-07 against the comparable filing from 2025-05-07.
“Our results of operations are as follows ( in millions ): Three months ended March 31, 2026 2025 Revenue: United States $ 985 $ 474 Canada 51 62 International 147 63 Total revenue $ 1,183 $ 599 Operating (loss) profit: United States $ (54 ) $ 21 Canada 1 4 International 3 4 Total operating (loss) profit $ (50 ) $ 29 Other (expense) income (10 ) — (Loss) income before income taxes (60 ) 29 Income tax (benefit) provision (16 ) 7 Net (loss) income (44 ) 22 Net (loss) income attributable to noncontrolling interests — 1 Net (loss) income attributable to DNOW Inc. $ (44 ) $ 21 Gross Profit $ 193 $ 138 Adjusted Gross Profit (1) $ 256 $ 141 Adjusted EBITDA (1) $ 39 $ 46 (1) Adjusted Gross Profit an...”
“Our operating loss wa s $50 million for the three months ended March 31, 2026, compared to an operating profit of $29 million for the corresponding period of 2025, a decrease of $79 million primarily due to inventory-related transaction charges, our LIFO inventory costing methodology, reduced margins and increases in incremental SG&A expenses associated with the MRC Global acquisition.”
“The effective tax rate for the three months ended March 31, 2026, was higher than the effective tax rate for the three months ended March 31, 2025, primarily due to discrete tax benefits recognized in the quarter which increase the effective tax rate as a result of the loss before income taxes reported in the period.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“During the third quarter of 2025, Baker Hughes’s methodology for calculating rig counts in the Kingdom of Saudi Arabia has been updated effective for periods beginning January 2024.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
DNOW is currently a Leader in the organic co-movement group Industrial Distribution. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for DNOW; it is not active in the latest market snapshot.
Context history
No durable theme membership has been observed for this name yet.