Dnow (DNOW) Operating Margin (2013 - 2026)
Dnow's Operating Margin came in at 0.08% for Q2 2026, down 2.63 percentage points from 2.71% a year earlier but up 4.30 percentage points from the prior quarter.
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Analysis
Dnow (DNOW) Operating Margin (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Dnow reported Operating Margin of -5.00%, down 8.91 percentage points year-over-year; for FY2025, it came in at -3.30%, down 7.89 percentage points from FY2024.
- Operating Margin carries a five-year change of +22.64 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 4.59% in FY2024 (-1.61 pp), 6.20% in FY2023 (+0.07 pp), 6.13% in FY2022 (+5.58 pp) and 0.55% in FY2021 (+26.49 pp).
- The five-year range for quarterly Operating Margin is -19.60% (Q4 2025) to 7.63% (Q3 2022).
- Year-over-year, Operating Margin has declined for three consecutive quarters, with an average year-over-year change of -5.19 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q4 2021 (a gain of 13.22 percentage points), and the weakest in Q4 2025 (a drop of 23.98 percentage points).
- Business Quant data shows DNOW's Operating Margin at -4.23% (Q1 2026), -19.60% (Q4 2025) and 5.21% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 59.11 Bn | 57.09 Bn | 1.98 Bn | 16.07% |
| 2 | Fastenal | 57.94 Bn | 56.86 Bn | 1.06 Bn | 21.02% |
| 3 | Ferguson Enterprises | 44.13 Bn | 41.35 Bn | 2.32 Bn | 8.19% |
| 4 | Sunbelt Rentals Holdings | 30.69 Bn | 30.57 Bn | 1.25 Bn | 22.18% |
| 5 | Reliance | 20.00 Bn | 19.04 Bn | 1.30 Bn | 9.54% |
| 6 | Wesco International | 17.78 Bn | 15.09 Bn | 1.46 Bn | 5.73% |
| 7 | Applied Industrial Technologies | 12.42 Bn | 12.29 Bn | 411.22 Mn | 11.78% |
| 8 | Watsco | 11.14 Bn | 9.30 Bn | 578.93 Mn | 11.32% |
| 9 | Avantor | 10.34 Bn | 9.14 Bn | 537.00 Mn | 7.20% |
| 10 | Dnow | 2.92 Bn | 2.27 Bn | 243.00 Mn | 0.08% |
Historic Data
Download Data
Historic 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 | 2.71% |
| 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% |
API Access
Dnow Operating 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=operating-margin&ticker=DNOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=DNOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();