Dnow (DNOW) Gross Margin (2013 - 2026)
Dnow's (DNOW) quarterly Gross Margin came in at 16.31% in Q1 2026, down 672.0% YoY from 2.85% in Q1 2025, and up 212.91% on a QoQ basis from 5.21% in Q4 2025.
Dnow (DNOW) Gross Margin (2013 - 2026) Analysis & Trends
Dnow (DNOW) has 14 years of Gross Margin data on file, last reported at 16.31% in Q1 2026.
- Quarterly Gross Margin fell 672.0% year-over-year to 16.31% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.63% (down 679.0% YoY) and the FY2025 annual result came in at 16.95%, down 543.0% from the prior year.
- Gross Margin grew to 16.31% in Q1 2026, from 5.21% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 24.14% in Q4 2023 to a low of 5.21% in Q4 2025.
- A 5-year average of 21.62% and a median of 22.87% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin jumped 250 bps — and 2025, when it sank 1738 bps.
- Tracing DNOW's Gross Margin over 5 years: stood at 24.13% in 2022, then gained by 0 bps to 24.14% in 2023, then fell by 6 bps to 22.59% in 2024, then plunged by 77 bps to 5.21% in 2025, then soared by 213 bps to 16.31% in 2026.
- The last three Gross Margin figures came in at 16.31% (Q1 2026), 5.21% (Q4 2025), and 22.87% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.29 Bn | 62.09 Bn | 1.98 Bn | 39.51% |
| 2 | Fastenal | 58.55 Bn | 58.34 Bn | 1.06 Bn | 44.56% |
| 3 | Ferguson Enterprises | 47.55 Bn | 46.73 Bn | 2.32 Bn | 31.02% |
| 4 | Wesco International | 26.87 Bn | 26.06 Bn | 1.46 Bn | 21.85% |
| 5 | Applied Industrial Technologies | 13.33 Bn | 13.20 Bn | 411.22 Mn | 30.40% |
| 6 | Watsco | 12.91 Bn | 12.92 Bn | 578.93 Mn | 27.50% |
| 7 | Core & Main | 8.64 Bn | 8.56 Bn | 520.00 Mn | 27.23% |
| 8 | Pool | 7.08 Bn | 7.05 Bn | 540.76 Mn | 29.66% |
| 9 | Msc Industrial Direct | 6.92 Bn | 6.84 Bn | 430.41 Mn | 41.11% |
| 10 | Dnow | 2.97 Bn | 2.86 Bn | 243.00 Mn | 18.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.59% |
| Mar 31, 2026 | 16.31% |
| Dec 31, 2025 | 5.21% |
| Sep 30, 2025 | 22.87% |
| Jun 30, 2025 | 22.93% |
| Mar 31, 2025 | 23.04% |
| Dec 31, 2024 | 22.59% |
| Sep 30, 2024 | 22.28% |
| Jun 30, 2024 | 21.80% |
| Mar 31, 2024 | 22.91% |
| Dec 31, 2023 | 24.14% |
| Sep 30, 2023 | 22.79% |
| Jun 30, 2023 | 22.56% |
| Mar 31, 2023 | 23.46% |
| Dec 31, 2022 | 24.13% |
| Sep 30, 2022 | 24.09% |
| Jun 30, 2022 | 23.75% |
| Mar 31, 2022 | 22.62% |
| Dec 31, 2021 | 23.38% |
| Sep 30, 2021 | 21.87% |