Dnow (DNOW) Operating Leases (2019 - 2026)
Dnow (DNOW) recorded Operating Leases of $109 million in Q2 2026, up 289.3% from $28 million a year earlier but down 7.6% from the prior quarter.
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Analysis
Dnow (DNOW) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Dnow reported Operating Leases of $129 million, up 344.8% from FY2024.
- Annual Operating Leases has a five-year compound annual growth rate of 38.8% (FY2020 to FY2025).
- Across earlier years, Operating Leases came in at $29 million in FY2024 (-3.3%), $30 million in FY2023 (+20.0%), $25 million in FY2022 (+47.1%) and $17 million in FY2021 (-32.0%).
- Quarterly Operating Leases has ranged from $11 million in Q3 2022 to $129 million in Q4 2025 over the past five years.
- On a year-over-year basis, Operating Leases has increased for three consecutive quarters, with growth averaging 114.5% over the last eight quarters.
- Peak year-over-year performance for Operating Leases in the last five years was growth of 344.8% in Q4 2025, against a decline of 41.4% in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $118 million (Q1 2026), $129 million (Q4 2025) and $25 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | W.W. Grainger | 59.11 Bn | 57.09 Bn | 1.98 Bn |
| 2 | Fastenal | 57.94 Bn | 56.86 Bn | 1.06 Bn |
| 3 | Ferguson Enterprises | 44.13 Bn | 41.35 Bn | 2.32 Bn |
| 4 | Sunbelt Rentals Holdings | 30.69 Bn | 30.57 Bn | 1.25 Bn |
| 5 | Reliance | 20.00 Bn | 19.04 Bn | 1.30 Bn |
| 6 | Wesco International | 17.78 Bn | 15.09 Bn | 1.46 Bn |
| 7 | Applied Industrial Technologies | 12.42 Bn | 12.29 Bn | 411.22 Mn |
| 8 | Watsco | 11.14 Bn | 9.30 Bn | 578.93 Mn |
| 9 | Avantor | 10.34 Bn | 9.14 Bn | 537.00 Mn |
| 10 | Dnow | 2.92 Bn | 2.27 Bn | 243.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 109.00 Mn |
| Mar 31, 2026 | 118.00 Mn |
| Dec 31, 2025 | 129.00 Mn |
| Sep 30, 2025 | 25.00 Mn |
| Jun 30, 2025 | 28.00 Mn |
| Mar 31, 2025 | 28.00 Mn |
| Dec 31, 2024 | 29.00 Mn |
| Sep 30, 2024 | 31.00 Mn |
| Jun 30, 2024 | 32.00 Mn |
| Mar 31, 2024 | 33.00 Mn |
| Dec 31, 2023 | 30.00 Mn |
| Sep 30, 2023 | 28.00 Mn |
| Jun 30, 2023 | 26.00 Mn |
| Mar 31, 2023 | 25.00 Mn |
| Dec 31, 2022 | 25.00 Mn |
| Sep 30, 2022 | 11.00 Mn |
| Jun 30, 2022 | 12.00 Mn |
| Mar 31, 2022 | 15.00 Mn |
| Dec 31, 2021 | 17.00 Mn |
| Sep 30, 2021 | 17.00 Mn |
API Access
Dnow Operating Leases 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=operating-leases&ticker=DNOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=DNOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();