Dnow (DNOW) Gross Margin (2013 - 2026)
Dnow's Gross Margin was 18.59% in Q2 2026, down 1.95 percentage points from 20.54% a year earlier but up 2.28 percentage points from the prior quarter.
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Analysis
Dnow (DNOW) Gross Margin (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Dnow's Gross Margin was 15.45% through Jun 30, 2026, down 6.63 percentage points year-over-year; for FY2025, it came in at 16.95%, down 5.43 percentage points from FY2024.
- Gross Margin has now declined for three consecutive years, with a five-year change of -1.09 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 22.38% in FY2024 (-0.85 pp), 23.22% in FY2023 (-0.47 pp), 23.69% in FY2022 (+1.81 pp) and 21.88% in FY2021 (+3.84 pp).
- Quarterly Gross Margin has moved between 5.21% (Q4 2025) and 24.14% (Q4 2023) over five years.
- Compared with a year earlier, Gross Margin has declined for three straight quarters, with an average year-over-year change of -3.58 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q4 2021 (a gain of 9.27 percentage points); the worst was Q4 2025 (a drop of 17.38 percentage points).
- Per Business Quant data, DNOW's Gross Margin in the three quarters before Q2 2026 was 16.31% (Q1 2026), 5.21% (Q4 2025) and 22.87% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 58.68 Bn | 56.66 Bn | 1.98 Bn | 39.51% |
| 2 | Fastenal | 56.84 Bn | 55.76 Bn | 1.06 Bn | 44.56% |
| 3 | Ferguson Enterprises | 43.23 Bn | 40.45 Bn | 2.32 Bn | 31.02% |
| 4 | Sunbelt Rentals Holdings | 30.01 Bn | 29.89 Bn | 1.25 Bn | 40.10% |
| 5 | Reliance | 19.64 Bn | 18.69 Bn | 1.30 Bn | 28.09% |
| 6 | Wesco International | 17.52 Bn | 14.83 Bn | 1.46 Bn | 21.85% |
| 7 | Applied Industrial Technologies | 12.22 Bn | 12.09 Bn | 411.22 Mn | 30.40% |
| 8 | Watsco | 10.77 Bn | 8.93 Bn | 578.93 Mn | 27.50% |
| 9 | Avantor | 10.19 Bn | 8.98 Bn | 537.00 Mn | 31.73% |
| 10 | Dnow | 2.80 Bn | 2.15 Bn | 243.00 Mn | 18.59% |
Historic Data
Download Data
Historic 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 | 20.54% |
| 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% |
API Access
Dnow Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=DNOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "DNOW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=DNOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();