DNOW INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.82B | $2.37B | $2.32B | $2.14B | $1.63B | $1.62B | $2.95B | $3.13B |
| Cost of Revenue | $2.34B | $1.84B | $1.78B | $1.63B | $1.28B | $1.33B | $2.37B | $2.50B |
| Gross Profit | $478.0M | $531.0M | $539.0M | $506.0M | $357.0M | $292.0M | $586.0M | $630.0M |
| Gross Margin | 17.0% | 22.4% | 23.2% | 23.7% | 21.9% | 18.0% | 19.9% | 20.1% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $559.0M | $416.0M | $395.0M | — | — | — | — | — |
| Operating Income | $-93.0M | $109.0M | $144.0M | $131.0M | $9.0M | $-420.0M | $-83.0M | $73.0M |
| Operating Margin | -3.3% | 4.6% | 6.2% | 6.1% | 0.6% | -25.9% | -2.8% | 2.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-100.0M | $110.0M | $142.0M | $139.0M | $12.0M | $-430.0M | $-93.0M | $58.0M |
| Income Tax Expense | $-12.0M | $31.0M | $-109.0M | $10.0M | $7.0M | $-3.0M | $4.0M | $6.0M |
| Net Income | $-89.0M | $78.0M | $250.0M | $128.0M | $5.0M | $-427.0M | $-97.0M | $52.0M |
| Net Margin | -3.2% | 3.3% | 10.8% | 6.0% | 0.3% | -26.4% | -3.3% | 1.7% |
| EPS (Basic) | $-0.76 | $0.72 | $2.29 | $1.14 | $0.05 | $-3.91 | $-0.89 | $0.47 |
| EPS (Diluted) | $-0.76 | $0.71 | $2.27 | $1.13 | $0.05 | $-3.91 | $-0.89 | $0.47 |
| Shares Outstanding (Basic) | 117.9M | 106.4M | 107.4M | 110.7M | 110.4M | 109.4M | 108.8M | 108.3M |
| Shares Outstanding (Diluted) | 117.9M | 107.1M | 108.4M | 111.2M | 110.5M | 109.4M | 108.8M | 108.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |