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DNOW vs TechnipFMC: revenue, profit, margins and growth compared

DNOW brought in $2.8B of revenue in fiscal 2025, TechnipFMC $9.9B in fiscal 2025. Revenue changed by +18.8% at DNOW and +9.4% at TechnipFMC on the year before, so DNOW grew faster. DNOW kept -3.2% of its revenue as net profit, TechnipFMC 9.7%. Free cash flow was $134M at DNOW and $1.4B at TechnipFMC.

Side by side, latest fiscal year

DNOWFTI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.8B$9.9B
Revenue growth+18.8%+9.4%
Net income-$89M$963.9M
Net margin-3.2%9.7%
Free cash flow$134M$1.4B
Free cash flow margin4.8%14.6%
Earnings per share (diluted)-$0.76$2.30
Cash$164M$1B
Debt$411M$430M
Price to earningsn/a30.9
Market value$2.9B$27.8B
Dividend yieldn/a0.28%
Rank by revenue in sector#300 of 778 · Consumer discretionary#121 of 778 · Consumer discretionary

Over the years

Revenue
DNOW FY2018: $3.1BDNOW FY2019: $3BDNOW FY2020: $1.6BDNOW FY2021: $1.6BDNOW FY2022: $2.1BDNOW FY2023: $2.3BDNOW FY2024: $2.4BDNOW FY2025: $2.8BFTI FY2018: $12.6BFTI FY2019: $7BFTI FY2020: $6.5BFTI FY2021: $6.4BFTI FY2022: $6.7BFTI FY2023: $7.8BFTI FY2024: $9.1BFTI FY2025: $9.9BFY18FY19FY20FY21FY22FY23FY24FY25
DNOW $2.8BFTI $9.9B
Net income
DNOW FY2018: $52MDNOW FY2019: -$97MDNOW FY2020: -$427MDNOW FY2021: $5MDNOW FY2022: $128MDNOW FY2023: $250MDNOW FY2024: $78MDNOW FY2025: -$89MFTI FY2018: -$1.9BFTI FY2019: -$2.4BFTI FY2020: -$3.3BFTI FY2021: $13.3MFTI FY2022: -$107.2MFTI FY2023: $56.2MFTI FY2024: $842.9MFTI FY2025: $963.9MFY18FY19FY20FY21FY22FY23FY24FY25
DNOW -$89MFTI $963.9M
Net margin
DNOW FY2018: 1.7%DNOW FY2019: -3.3%DNOW FY2020: -26.4%DNOW FY2021: 0.3%DNOW FY2022: 6.0%DNOW FY2023: 10.8%DNOW FY2024: 3.3%DNOW FY2025: -3.2%FTI FY2018: -15.3%FTI FY2019: -34.8%FTI FY2020: -50.3%FTI FY2021: 0.2%FTI FY2022: -1.6%FTI FY2023: 0.7%FTI FY2024: 9.3%FTI FY2025: 9.7%FY18FY19FY20FY21FY22FY23FY24FY25
DNOW -3.2%FTI 9.7%
Revenue growth
DNOW FY2019: -5.6%DNOW FY2020: -45.1%DNOW FY2021: +0.8%DNOW FY2022: +30.9%DNOW FY2023: +8.7%DNOW FY2024: +2.2%DNOW FY2025: +18.8%FTI FY2019: -44.6%FTI FY2020: -6.0%FTI FY2021: -1.9%FTI FY2022: +4.6%FTI FY2023: +16.8%FTI FY2024: +16.1%FTI FY2025: +9.4%FY19FY20FY21FY22FY23FY24FY25
DNOW +18.8%FTI +9.4%
Free cash flow
DNOW FY2018: $62MDNOW FY2019: $212MDNOW FY2020: $181MDNOW FY2021: $25MDNOW FY2022: -$9MDNOW FY2023: $171MDNOW FY2024: $289MDNOW FY2025: $134MFTI FY2018: -$553.5MFTI FY2019: $435.8MFTI FY2020: $400.8MFTI FY2021: $589.6MFTI FY2022: $194.2MFTI FY2023: $467.8MFTI FY2024: $679.4MFTI FY2025: $1.4BFY18FY19FY20FY21FY22FY23FY24FY25
DNOW $134MFTI $1.4B

Fiscal years as each company reports them; the two may end in different months.

Questions about DNOW and TechnipFMC

Which is bigger by revenue, DNOW or TechnipFMC?

TechnipFMC is bigger by revenue: $9.9B in fiscal 2025, against $2.8B for DNOW in fiscal 2025.

Which keeps more of its revenue as profit, DNOW or TechnipFMC?

DNOW had a net margin of -3.2% in fiscal 2025; TechnipFMC had 9.7% in fiscal 2025.

Which grew revenue faster, DNOW or TechnipFMC?

In their latest fiscal years revenue changed by +18.8% at DNOW and +9.4% at TechnipFMC.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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