Dow Inc.

Dow Inc.

32.70
USD
-1.09
(-3.23%)
-0.82EPS
19.94BMarket Cap
Jan 28Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
64.21
58.31
66.14
57.85
52.05
73.92
78.92
63.23
61.05
56.17
59.01
Basic EPS, GAAP
5.3
0.62
6.19
-1.83
1.65
8.49
6.36
0.83
1.59
-3.69
-1.24
Free Cash Flow per Basic Share
-4.19
-6.82
5.61
7.97
8.23
8.32
10.04
7.19
3.96
1.45
6.34
Dividend per Share
3.28
4.31
4.95
2.81
2.8
2.79
2.78
2.79
2.79
2.09
1.4
Book Value per Share
- -
34.43
43.38
18.26
16.73
24.71
29.39
26.49
24.67
22.32
22.31
Tangible Book Value per Share
- -
8.45
24.59
1.33
0.24
8.87
13.66
11.24
10.05
9.12
9.52
Basic Weighted Avg Shares
750
750
750
743
741
744
721
706
704
712
722
Sales/Revenue/Turnover
48,158
43,730
49,604
42,951
38,542
54,968
56,902
44,622
42,964
39,968
42,613
Operating Margin (%)
8.9
10.02
11.05
8.2
6.63
14.35
10.02
4.71
4.43
0.4
4.98
Depreciation Expense
2,862
2,546
2,909
2,938
2,874
2,842
2,758
2,611
2,894
2,834
2,757
Net Income, GAAP
4,318
465
4,641
-1,359
1,225
6,311
4,582
589
1,116
-2,623
-897
Effective Tax Rate (%)
0.2
643.04
21.58
- -
37.52
21.36
23.81
- -
24.94
- -
- -
Profit Margin (%)
8.97
1.06
9.36
-3.16
3.18
11.48
8.05
1.32
2.6
-6.56
-2.1
Working Capital
- -
12,867
23,823
6,136
7,976
7,622
9,146
7,657
6,302
8,879
8,684
LT Debt
- -
19,765
19,253
17,714
18,012
15,429
15,695
15,939
16,695
18,946
17,806
Total Equity
- -
27,009
33,621
14,094
13,005
18,739
21,247
19,108
17,851
17,522
17,632
Return on Invested Capital (%)
- -
- -
6.18
- -
4.21
17.42
11.71
- -
3.98
- -
- -
Return on Capital (%)
- -
- -
10.52
- -
5.12
20.3
13.81
- -
4.62
- -
- -
Return on Common Equity (%)
- -
- -
15.92
-5.91
9.43
41.25
23.57
3
6.21
-15.72
-5.32

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
1,229
1,185
1,102
LT Borrowings
17,254
16,081
15,734
LT Finance Leases
1,146
2,162
2,072
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
721
722
724
Market Capitalization
30,019
19,763
19,936

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
19,469
20,871
20,177
Cash, Cash Equivalents & STI
3,851
3,736
4,142
Accounts Receivable, Net
5,185
6,430
5,890
Inventories
6,775
7,233
7,024
Total Current Liabilities
10,536
11,931
11,493
Payables & Accruals
9,307
10,746
10,391
ST Debt
1,229
1,185
1,102
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
7.8%
-1.84%
Free Cash Flow
- -
-23.87%
-63%
Net Income, GAAP
- -
11.01%
-335.04%
Sales/Revenue/Turnover
- -
2.77%
-6.97%
Total Cash Common Dividend
- -
-5.87%
-24.21%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10,765
10,915
10,879
10,405
42,964
2025
10,431
10,104
9,973
9,460
39,968
2026
9,794
12,092
11,267
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.73
0.62
0.3
-0.08
1.59
2025
-0.43
-1.18
0.09
-2.15
-3.69
2026
-0.74
1
0.63
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.7
0.7
0.7
0.7
2.79
2025
0.7
0.7
0.35
0.35
2.09
2026
0.35
0.35
0.35
- -
- -

Company Description

CEO
Karen S. Carter
Full Time Employees
34,600
Sector
Process industries
Industry
Chemicals: specialty
Address
2211 H.H. Dow Way Midland MI United States 48674
IPO Date
Mar 20, 2019
Website
dow.com
Business
Dow Inc. is a materials science company that provides advanced chemical and plastic solutions for packaging, infrastructure, mobility, and consumer applications worldwide. Founded in 1897 and headquartered in Midland, Michigan, the company operates manufacturing sites in 31 countries and employs approximately 36,000 people. Its core products and services span three main segments: Packaging & Specialty Plastics, including ethylene, polyethylene, specialty copolymers, and sustainable packaging solutions; Industrial Intermediates & Infrastructure, encompassing chlor-alkali products such as chlorine and caustic soda, polyurethane systems like polyols and isocyanates, and coatings; and Performance Materials & Coatings, featuring acrylics, silicones, siloxanes, architectural paints, and industrial coatings. Dow offers a broad portfolio of branded products, including DOWSIL high-performance silicones; VORANOL polyols and VORANATE isocyanates for polyurethanes; ENGAGE and INFUSE polyolefin elastomers and plastomers; NORDEL EPDM elastomers; PARALOID acrylic polymers; AGILITY and ELITE polyethylene resins; and DOWFROST heat transfer fluids, among surfactants, glycols, amines, and additives for adhesives, sealants, and water treatment. The company serves industries such as construction, automotive, electronics, agriculture, and food packaging through integrated global supply chains emphasizing innovation and sustainability. Recent developments include the 2024 launch of Diamond Infrastructure Solutions through a partnership with Macquarie Asset Management, selling a 40% stake in U.S. Gulf Coast infrastructure assets for initial proceeds of $2.4 billion, with an option to expand to 49% for up to $3 billion total, closing in early 2025; Macquarie exercised the option to increase its stake in September 2025. Dow expanded its restructuring plan in 2025 to save $6 billion, postponing a $6.5 billion net-zero emissions project in Fort Saskatchewan, Alberta, and reviewing high-cost European assets valued at $275 million. In June 2025, Dow agreed to sell its 50% stake in the DowAksa joint venture for advanced composites; it also secured $927 million in funding in 2024 for sustainable innovation and reported $45 billion in 2023 sales.

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