Dnow Inc.

DNOW

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

2,373

Cost of Revenue

1,838

Gross Profit

535

Gross Margin

22.5%

Operating Income

113

Operating Margin

4.8%

Net Income

Net Margin

3.4%

EPS (Basic)

$0.75

EPS (Diluted)

$0.75

EBITDA

153

EBITDA Margin

6.4%

2023

12/31/2023

Revenue

2,321

Cost of Revenue

1,786

Gross Profit

535

Gross Margin

23.1%

Operating Income

140

Operating Margin

6.0%

Net Income

247

Net Margin

10.6%

EPS (Basic)

$2.26

EPS (Diluted)

$2.24

EBITDA

166

EBITDA Margin

7.2%

2022

12/31/2022

Revenue

2,136

Cost of Revenue

1,630

Gross Profit

506

Gross Margin

23.7%

Operating Income

131

Operating Margin

6.1%

Net Income

128

Net Margin

6.0%

EPS (Basic)

$1.14

EPS (Diluted)

$1.13

EBITDA

160

EBITDA Margin

7.5%

2021

12/31/2021

Revenue

1,632

Cost of Revenue

1,275

Gross Profit

357

Gross Margin

21.9%

Operating Income

Operating Margin

0.6%

Net Income

Net Margin

0.3%

EPS (Basic)

$0.05

EPS (Diluted)

$0.05

EBITDA

EBITDA Margin

2.4%

2020

12/31/2020

Revenue

1,619

Cost of Revenue

1,327

Gross Profit

292

Gross Margin

18.0%

Operating Income

-420

Operating Margin

-25.9%

Net Income

-427

Net Margin

-26.4%

EPS (Basic)

$-3.90

EPS (Diluted)

$-3.90

EBITDA

-71

EBITDA Margin

-4.4%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	2,373	2,321	2,136	1,632	1,619
Cost of Revenue	1,838	1,786	1,630	1,275	1,327
Gross Profit	535	535	506	357	292
Gross Margin	22.5%	23.1%	23.7%	21.9%	18.0%
Operating Income	113	140	131	9	-420
Operating Margin	4.8%	6.0%	6.1%	0.6%	-25.9%
Net Income	81	247	128	5	-427
Net Margin	3.4%	10.6%	6.0%	0.3%	-26.4%
EPS (Basic)	$0.75	$2.26	$1.14	$0.05	$-3.90
EPS (Diluted)	$0.75	$2.24	$1.13	$0.05	$-3.90
EBITDA	153	166	160	39	-71
EBITDA Margin	6.4%	7.2%	7.5%	2.4%	-4.4%