Dow Inc. (DOW)

Dow Inc., through its subsidiaries, provides various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. The company operates through Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings segments. The Packaging & Specialty Plastics segment provides ethylene, propylene, polyethylene, and aromatics products; and other ethylene derivatives, such as polyolefin elastomers, ethylene vinyl acetate, and ethylene propylene diene monomer rubber. The Industrial Intermediates & Infrastructure segment offers polyurethanes, including propylene oxide, propylene glycol, and polyether polyols; aromatic isocyanates and fully formulated polyurethane systems; and chlor-alkali and vinyl comprising chlorine and caustic soda, ethylene dichloride, and vinyl chloride monomer; and construction chemicals consisting of cellulose ethers, redispersible latex powders, and acrylic emulsions, as well as coatings, adhesives, sealants, elastomers, and composites. The Performance Materials & Coatings segment provides architectural paints and coatings, and industrial coatings; and acrylics-based building blocks, silicon metals, siloxanes, and intermediates. The company also engages in the property and casualty insurance, as well as reinsurance business. The company was founded in 1897 and is headquartered in Midland, Michigan.

Symbol
DOW
Exchange
NYSE
Sector
Basic Materials
Industry
Chemicals
Market cap
$20.16B
52 week range
20.65 - 42.74

Valuation

Share price
$27.97 (close of 2026-10-02)
P/E (TTM)
-6.99x
Price to book
1.20x
Price to free cash flow
-86.89x
Enterprise value
$35.68B
Book value per share
$23.26

Price performance

PeriodChange
1 day+1.38%
5 days-0.18%
1 month-10.58%
3 months+0.94%
6 months-32.44%
Year to date+19.63%
1 year+18.07%
3 years-45.48%
5 years-52.25%
All time-43.84%

Members of Congress who disclosed DOW trades

Gilbert Ray Cisneros · Alan Armstrong · Julie Johnson · Lisa McClain · Robert Bresnahan · Tommy Tuberville

Super investors holding DOW

Richard Pzena (Pzena Investment Management) · Ken Griffin (Citadel) · First Eagle Investment (First Eagle Investment Management, LLC) · Ray Dalio (Bridgewater Associates) · Dodge & Cox (Dodge & Cox Funds)

Profitability and growth

Return on equity
-13.95%
Return on assets
-4.18%
Gross margin
6.34%
Net margin
-6.11%
EBITDA margin
0.81%
Revenue growth
-6.97%
Net income growth
-303.50%
Free cash flow growth
-5465.38%

Cash flow and balance sheet

Free cash flow yield (TTM)
-1.15%
Current ratio
1.85x
Net debt to EBITDA
13.15x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$39.97B
Cost of revenue
$37.44B
Gross profit
$2.53B
EBITDA
$323.00M
Net income
-$2.44B
Earnings per share
$-3.70
Shares outstanding
711.60M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$39.97B$2.53B-$2.44B$-3.70
2024-12-31$42.96B$4.61B$1.20B$1.57
2023-12-31$44.62B$4.88B$660.00M$0.82
2022-12-31$56.90B$8.56B$4.64B$6.32
2021-12-31$54.97B$10.78B$6.41B$8.44
2020-12-31$38.54B$5.20B$1.29B$1.64
2019-12-31$42.95B$6.29B-$1.27B$-1.84
2018-12-31$49.60B$8.53B$4.64B$6.21
2017-12-31$43.73B$7.38B$465.00M$0.60
2016-12-31$36.26B$6.21B$4.32B$5.80

Margins and returns by year

Period endGross marginNet marginReturn on equity
2025-12-316.34%-6.11%-13.95%
2024-12-3110.72%2.80%6.73%
2023-12-3110.94%1.48%3.45%
2022-12-3115.05%8.15%21.84%
2021-12-3119.61%11.65%34.18%
2020-12-3113.48%3.36%9.95%
2019-12-3114.65%-2.96%-9.03%
2018-12-3117.20%9.36%13.80%
2017-12-3116.88%1.06%1.42%
2016-12-3117.13%11.91%0.00%

Cash and debt by year

Period endCashDebt
2025-12-31$3.82B-
2024-12-31$2.19B-
2023-12-31$2.99B-
2022-12-31$3.89B$15.06B
2021-12-31$2.99B$14.51B
2020-12-31$5.10B$16.95B
2019-12-31$2.39B$16.41B
2018-12-31$2.82B$19.59B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31-$1.45B$154.00M
2024-12-31-$26.00M$159.00M
2023-12-31$2.84B$212.00M
2022-12-31$5.65B$211.00M
2021-12-31$5.51B$276.00M
2020-12-31$4.97B$171.00M
2019-12-31$3.97B$158.00M
2018-12-31$2.16B$188.00M
2017-12-31-$7.74B$310.00M
2016-12-31-$6.45B$225.00M

Dividend history

Most recent payment
2026-08-31
Paid in the last twelve months
$1.40
Payment dateDividend per share
2026-08-31$0.35
2026-05-29$0.35
2026-02-27$0.35
2025-11-28$0.35
2025-08-29$0.35
2025-05-30$0.70
2025-02-28$0.70
2024-11-29$0.70

Investor relations

Next earnings report

Next confirmed report
2026-10-22
Consensus EPS estimate
$0.68

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-23Jun/2026$1.25
2026-04-23Mar/2026$-0.39
2026-01-29Dec/2025$-0.46
2025-10-23Sep/2025$-0.31
2025-07-24Jun/2025$-0.11
2025-07-23--
2025-04-24Mar/2025$-0.02
2025-04-23--

Filings and sources

Company website
dow.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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