DNOW NOW margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 13

Gross margin

15.5%

Operating margin

-5%

EBITDA margin

-2.3%

Net margin

-4.9%

NOW reports a gross margin of 15.5%, an operating margin of -5%, an EBITDA margin of -2.3%, and a net margin of -4.9%, while its operating margin is negative at -5%, its EBITDA margin is negative at -2.3%, and its net margin is negative at -4.9%. All measured margins weakened year over year, led by operating margin with a decline of 8.9 percentage points.

DNOW margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, NOW's margins averaged 20.79% gross, 2.41% operating, 4.72% EBITDA, and 3.58% net. All four current margins are below their three-year averages.

DNOW margin expansion

Year-over-year margin changes in percentage points

All available margins contracted year over year, led by operating and EBITDA margins with a decline of 8.9 percentage points.

Gross margin expansion

-6.6pp

Operating margin expansion

-8.9pp

EBITDA margin expansion

-8.9pp

Net margin expansion

-7.7pp

DNOW Gross margin

NOW recorded an average gross margin of 20.79% across the last 3 years. NOW currently reports a gross margin of 15.5%, 5.3 percentage points below its three-year average. During this period, gross margin reached a high of 23.2% in Dec 2023 and a low of 15.2% in Mar 2026.

DNOW Operating margin

Across the last 3 years, NOW's operating margin averaged 2.41%. Against its three-year average, NOW's operating margin is currently -5%, 7.4 percentage points below its three-year average. Operating margin was highest at 6.2% in Dec 2023 and lowest at -5.5% in Mar 2026.

DNOW EBITDA margin

The average EBITDA margin for NOW was 4.72% in the last 3 years. At present, the current EBITDA margin for NOW is -2.3%, 7 percentage points below its three-year average. The EBITDA margin for NOW moved between -2.8% in Mar 2026 and 7.9% in Dec 2023.

DNOW Net margin

Over the last 3 years, NOW's net margin averaged 3.58%. Currently, NOW's current net margin is -4.9%, which is 8.5 percentage points below its three-year average. During this period, net margin reached a high of 10.8% in Dec 2023 and a low of -4.9% in Mar 2026.

DNOW margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 15.5%, DNOW stands below the Energy sector and the industry average. Looking at its Energy sector average of 42.5%, NOW's gross margin is 64% lower.

DNOW margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is NOW's gross margin?

As of Jun 30, 2026, DNOW has a gross margin of 15.5%.

What is NOW's operating margin?

As of Jun 30, 2026, DNOW has a negative operating margin of -5%.

What is NOW's EBITDA margin?

As of Jun 30, 2026, DNOW has a negative EBITDA margin of -2.3%.

What is NOW's net margin?

As of Jun 30, 2026, DNOW has a net margin of -4.9%.

What are the average margins of DNOW?

NOW's average margins over the last 3 years were 20.8% gross, 2.4% operating, 4.7% EBITDA, and 3.6% net.

What are the highest historical margins of DNOW?

Within the 5-year period, DNOW recorded its highest margins at 23.9% gross in Mar 2023, 6.5% operating in Dec 2022, 7.9% EBITDA in Dec 2023, and 10.8% net in Dec 2023.

What are the lowest historical margins of DNOW?

Across the 5-year period, DNOW posted its lowest margins at 15.2% gross in Mar 2026, -5.5% operating in Mar 2026, -2.8% EBITDA in Mar 2026, and -4.9% net in Mar 2026.