Dnow Inc.

DNOWNYSEEnergy● Active

$13.68

+$0.45(+3.36%)

Market Cap$1.6B

P/E Ratio—

52W High$17.26

52W Low$10.935

Avg Volume3.2M

Open$13.36

Beta0.83

Free Cash Flow Financials Revenue

Dnow Inc. (DNOW) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DNOW · free cash flow · updated Jun 8, 2026

Core FCF metrics

DNOW · FCF · TTM · margin & CAGR

Free cash flow was $134.0M for FY2025 (fiscal year ending 2025-12-31), down 53.6% year-over-year The FCF margin was 4.8%. Five-year CAGR stands at -5.8%.

FY2025 Free Cash Flow$134.0M▼ -53.6% YoY

Trailing 12M (TTM)$53.0Mtrailing 4 quarters sum

FCF Margin4.8%$134.0M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR-5.8%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

DNOW · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$155.0M(21M)$134.0M▼ 53.6%4.8%

FY2024$298.0M(9M)$289.0M▲ +69.0%12.2%

FY2023$188.0M(17M)$171.0M▲ +2000.0%7.4%

FY2022$0(9M)−$9.0M▼ 136.0%-0.4%

FY2021$30.0M(5M)$25.0M▼ 86.2%1.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

DNOW · P/FCF · FCF yield · FCF per share

Dnow Inc. (DNOW) trades at a FCF yield of 3.32% and a price-to-free-cash-flow ratio of 30.4x. FCF per share stands at $0.45, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.32%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.45

TTM FCF ÷ Shares Outstanding

Price / FCF

x30.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x40.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

DNOW · cash flow statement · operating / investing / financing

For FY2025, Dnow Inc. generated $155.0M in operating cash flow and spent 21M in capital expenditures, yielding $134.0M in free cash flow.

Operating Activities

+$155.0M

Cash from core business operations

2025-12-31

Investing Activities

−$590.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$339.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($155.0M) − |CapEx| (21M) = FCF ($134.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

DNOW vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Dnow Inc.YOU

DNOW

$134.0M-53.6%4.8%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Dnow Inc. (DNOW) reported free cash flow of $134.0M for FY2025 (fiscal year ending 2025-12-31), down 53.6% year-over-year. The FCF margin was 4.8%.

Based on available data, Dnow Inc. has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $313.0M in FY2015. The 5-year CAGR stands at -5.8%.

Dnow Inc.'s FCF yield is 3.32% and price-to-FCF ratio is 30.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

DNOW free cash flow · 8 questions

Dnow Inc. free cash flow was $134.0M for FY2025, down 53.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $53.0M.

DNOW free cash flowDNOW FCFDNOW FCF 2025DNOW free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Dnow Inc. · Dnow Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026