Dnow (DNOW) Operating Margin (2013 - 2026)
Dnow's (DNOW) quarterly Operating Margin came in at 4.23% in Q1 2026, down 907.0% YoY from 0.52% in Q1 2025, and up 78.44% on a QoQ basis from 19.6% in Q4 2025.
Dnow (DNOW) Operating Margin (2013 - 2026) Analysis & Trends
Dnow (DNOW) has 14 years of Operating Margin data on file, last reported at 4.23% in Q1 2026.
- Quarterly Operating Margin fell 907.0% year-over-year to 4.23% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 5.08% (down 965.0% YoY) and the FY2025 annual result came in at 3.3%, down 789.0% from the prior year.
- Operating Margin grew to 4.23% in Q1 2026, from 19.6% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 7.63% in Q3 2022 to a low of 19.6% in Q4 2025.
- A 5-year average of 3.46% and a median of 5.21% in 2025 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin surged 708 bps — and 2025, when it plunged 2398 bps.
- Tracing DNOW's Operating Margin over 5 years: stood at 6.4% in 2022, then gained by 1 bps to 6.49% in 2023, then plunged by 33 bps to 4.38% in 2024, then sank by 548 bps to 19.6% in 2025, then soared by 78 bps to 4.23% in 2026.
- The last three Operating Margin figures came in at 4.23% (Q1 2026), 19.6% (Q4 2025), and 5.21% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.29 Bn | 62.09 Bn | 1.98 Bn | 16.07% |
| 2 | Fastenal | 58.55 Bn | 58.34 Bn | 1.06 Bn | 21.02% |
| 3 | Ferguson Enterprises | 47.55 Bn | 46.73 Bn | 2.32 Bn | 8.19% |
| 4 | Wesco International | 26.87 Bn | 26.06 Bn | 1.46 Bn | 5.73% |
| 5 | Applied Industrial Technologies | 13.33 Bn | 13.20 Bn | 411.22 Mn | 11.78% |
| 6 | Watsco | 12.91 Bn | 12.92 Bn | 578.93 Mn | 11.32% |
| 7 | Core & Main | 8.64 Bn | 8.56 Bn | 520.00 Mn | 9.27% |
| 8 | Pool | 7.08 Bn | 7.05 Bn | 540.76 Mn | 14.68% |
| 9 | Msc Industrial Direct | 6.92 Bn | 6.84 Bn | 430.41 Mn | 10.19% |
| 10 | Dnow | 2.97 Bn | 2.86 Bn | 243.00 Mn | 0.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.08% |
| Mar 31, 2026 | -4.23% |
| Dec 31, 2025 | -19.60% |
| Sep 30, 2025 | 5.21% |
| Jun 30, 2025 | 5.10% |
| Mar 31, 2025 | 4.84% |
| Dec 31, 2024 | 4.38% |
| Sep 30, 2024 | 3.80% |
| Jun 30, 2024 | 5.21% |
| Mar 31, 2024 | 4.97% |
| Dec 31, 2023 | 6.49% |
| Sep 30, 2023 | 6.29% |
| Jun 30, 2023 | 6.06% |
| Mar 31, 2023 | 5.99% |
| Dec 31, 2022 | 6.40% |
| Sep 30, 2022 | 7.63% |
| Jun 30, 2022 | 5.38% |
| Mar 31, 2022 | 4.86% |
| Dec 31, 2021 | 1.62% |
| Sep 30, 2021 | 2.28% |