DOW · Dow Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.79B | - | $9.97B | $10.10B | $10.43B | - | $10.88B | $10.91B | $10.77B | - |
| Cost of Revenue | $9.15B | - | $9.24B | $9.52B | $9.76B | - | $9.81B | $9.59B | $9.49B | - |
| Gross Profit | $640.00M | - | $731.00M | $583.00M | $671.00M | - | $1.07B | $1.32B | $1.28B | - |
| R&D | $181.00M | - | $191.00M | $188.00M | $200.00M | - | $208.00M | $196.00M | $204.00M | - |
| SG&A | $417.00M | - | $340.00M | $347.00M | $366.00M | - | $396.00M | $390.00M | $442.00M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $719.00M | - | $688.00M | $682.00M | $714.00M | - | $501.00M | $488.00M | $720.00M | - |
| Operating Income | ($390.00M) | - | $70.00M | ($659.00M) | ($374.00M) | - | $324.00M | $608.00M | $449.00M | - |
| Interest Expense | $219.00M | - | $221.00M | $209.00M | $216.00M | - | $199.00M | $197.00M | $199.00M | - |
| Income Tax | $55.00M | - | ($54.00M) | $142.00M | ($84.00M) | - | $84.00M | $150.00M | ($89.00M) | - |
| Net Income | ($533.00M) | - | $62.00M | ($835.00M) | ($307.00M) | - | $214.00M | $439.00M | $516.00M | - |
| EPS - Basic | ($0.74) | - | $0.08 | ($1.18) | ($0.44) | - | $0.30 | $0.62 | $0.73 | - |
| EPS - Diluted | ($0.74) | - | $0.08 | ($1.18) | ($0.44) | - | $0.30 | $0.62 | $0.73 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.11B | $3.82B | $4.61B | $2.40B | $1.47B | $2.19B | $2.88B | $3.34B | $3.72B | $2.99B |
| Accounts Receivable | $5.18B | $4.76B | $5.04B | $5.43B | $4.92B | $4.76B | $5.38B | $5.10B | $5.21B | $4.72B |
| Inventory | $6.78B | $6.59B | $6.67B | $6.70B | $6.76B | $6.54B | $6.74B | $6.46B | $6.37B | $6.08B |
| Accounts Payable | $4.77B | $4.15B | $4.54B | $4.94B | $4.92B | $4.85B | $5.09B | $4.98B | $4.94B | $4.53B |
| Current Assets | $19.47B | $18.06B | $19.65B | $17.71B | $16.33B | $16.59B | $17.98B | $18.05B | $18.45B | $17.61B |
| Total Assets | $59.78B | $58.54B | $60.99B | $58.99B | $57.50B | $57.31B | $59.39B | $58.53B | $58.82B | $57.97B |
| Current Liabilities | $10.54B | $9.18B | $10.10B | $10.49B | $10.59B | $10.29B | $10.83B | $10.31B | $10.25B | $9.96B |
| Long-term Debt | - | - | - | - | $16.21B | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $15.25B | $16.01B | $17.54B | $17.23B | $16.79B | $17.36B | $18.31B | $18.32B | $18.43B | $18.61B |
| Retained Earnings | $15.99B | $16.78B | $18.58B | $18.77B | $20.10B | $20.91B | $21.46B | $21.74B | $21.80B | $21.77B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.12B | - | - | - | $91.00M | - | - | - | $464.00M | - |
| Investing Cash Flow | ($448.00M) | - | - | - | ($401.00M) | - | - | - | ($271.00M) | - |
| Financing Cash Flow | ($320.00M) | - | - | - | ($521.00M) | - | - | - | $566.00M | - |
| CapEx | $503.00M | - | $736.00M | $662.00M | $714.00M | - | - | - | - | - |
| Free Cash Flow | $621.00M | - | - | - | ($623.00M) | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 6.5% | - | 7.3% | 5.8% | 6.4% | - | 9.8% | 12.1% | 11.9% | - |
| Operating margin | -4.0% | - | 0.7% | -6.5% | -3.6% | - | 3.0% | 5.6% | 4.2% | - |
| EBITDA margin | 3.4% | - | 7.6% | 0.2% | 3.3% | - | 7.6% | 10.0% | 10.9% | - |
| Net margin | -5.4% | - | 0.6% | -8.3% | -2.9% | - | 2.0% | 4.0% | 4.8% | - |
| Free cash flow margin | 6.3% | - | - | - | -6.0% | - | - | - | - | - |
| FCF / Net income | -1.17 | - | - | - | 2.03 | - | - | - | - | - |
| R&D / Revenue | 1.8% | - | 1.9% | 1.9% | 1.9% | - | 1.9% | 1.8% | 1.9% | - |
| SG&A / Revenue | 4.3% | - | 3.4% | 3.4% | 3.5% | - | 3.6% | 3.6% | 4.1% | - |
| Effective tax rate | - | - | -675.0% | - | - | - | 28.2% | 25.5% | -20.8% | - |
| Return on assets | -0.9% | - | 0.1% | -1.4% | -0.5% | - | 0.4% | 0.8% | 0.9% | - |
| Return on equity | -3.5% | - | 0.4% | -4.8% | -1.8% | - | 1.2% | 2.4% | 2.8% | - |
| Return on invested capital | - | - | - | - | -0.9% | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.85 | 1.97 | 1.94 | 1.69 | 1.54 | 1.61 | 1.66 | 1.75 | 1.80 | 1.77 |
| Quick ratio | 1.20 | 1.25 | 1.28 | 1.05 | 0.90 | 0.98 | 1.04 | 1.12 | 1.18 | 1.16 |
| Cash ratio | 0.39 | 0.42 | 0.46 | 0.23 | 0.14 | 0.21 | 0.27 | 0.32 | 0.36 | 0.30 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | 0.97 | - | - | - | - | - |
| Debt / Assets | - | - | - | - | 0.28 | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | 47.67 | - | - | - | - | - |
| Interest coverage | -1.8x | - | 0.3x | -3.2x | -1.7x | - | 1.6x | 3.1x | 2.3x | - |
| Equity multiplier | 3.92 | 3.66 | 3.48 | 3.42 | 3.43 | 3.30 | 3.24 | 3.19 | 3.19 | 3.12 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.16 | - | 0.16 | 0.17 | 0.18 | - | 0.18 | 0.19 | 0.18 | - |
| Inventory turnover | 1.35 | - | 1.38 | 1.42 | 1.44 | - | 1.46 | 1.48 | 1.49 | - |
| Days sales outstanding | 193d | - | 185d | 196d | 172d | - | 181d | 170d | 177d | - |
| Days inventory outstanding | 270d | - | 264d | 257d | 253d | - | 251d | 246d | 245d | - |
| Days payable outstanding | 190d | - | 179d | 190d | 184d | - | 190d | 189d | 190d | - |
| Cash conversion cycle | 273d | - | 269d | 263d | 241d | - | 242d | 227d | 232d | - |
| Valuation | ||||||||||
| P / E | - | - | 286.6x | - | - | - | 182.1x | 85.6x | 79.4x | - |
| P / B | 2.0x | - | 0.9x | 1.1x | 1.5x | - | 2.1x | 2.0x | 2.2x | - |
| P / S | 3.1x | - | 1.6x | 1.9x | 2.4x | - | 3.5x | 3.4x | 3.8x | - |
| EV / EBITDA | 78.8x | - | 15.5x | 712.5x | 116.0x | - | 43.1x | 31.1x | 31.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -6.1% | - | -8.3% | -7.4% | -3.1% | - | 1.4% | -4.4% | -9.2% | - |
| Revenue CAGR (3y) | -6.2% | - | -10.9% | -13.6% | -11.9% | - | -9.8% | -7.7% | -3.2% | - |
| Revenue CAGR (5y) | -3.8% | - | 0.5% | 3.9% | 1.3% | - | 0.2% | -0.2% | -4.5% | - |
| Gross profit growth (YoY) | -4.6% | - | -31.7% | -56.0% | -47.5% | - | -6.0% | -14.3% | 4.5% | - |
| Operating income growth (YoY) | -4.3% | - | -78.4% | - | - | - | -22.3% | -14.5% | - | - |
| Net income growth (YoY) | -73.6% | - | -71.0% | - | - | - | -29.1% | -9.5% | - | - |
| EPS growth (YoY) | -68.2% | - | -73.3% | - | - | - | -28.6% | -8.8% | - | - |
| EPS CAGR (3y) | - | - | -57.2% | - | - | - | -48.8% | -37.3% | -17.9% | - |
| EPS CAGR (5y) | - | - | - | - | - | - | -26.1% | 44.0% | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -9.2% | -7.8% | -4.2% | -5.9% | -8.9% | -6.7% | -6.4% | -8.4% | -8.7% | -10.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$13.33B totalPackaging Specialty Plastics$5.38B · 40.3%
Industrial Intermediates Infrastructure$4.04B · 30.3%
Performance Materials Coatings$3.21B · 24.1%
Corporate$701.00M · 5.3%
Geographic
$39.97B totalU.S.Canada$15.81B · 39.5%
Europe Middle East Africa And India$12.59B · 31.5%
Asia Pacific$7.22B · 18.1%
Latin America$4.35B · 10.9%
Peer comparison
Same SIC group: Plastic Materials, Synth Resins & Nonvulcan Elastomers
Comparing DOW INC. against the 5 most active filers in the same SIC group.
Dividends
$1.40/share trailing 12 months · -50.0% YoY
| Ex-date | Per share |
|---|---|
| May 29, 2026 | $0.3500 |
| Feb 27, 2026 | $0.3500 |
| Nov 28, 2025 | $0.3500 |
| Aug 29, 2025 | $0.3500 |
| May 30, 2025 | $0.7000 |
| Feb 28, 2025 | $0.7000 |
| Nov 29, 2024 | $0.7000 |
| Aug 30, 2024 | $0.7000 |
| May 31, 2024 | $0.7000 |
| Feb 28, 2024 | $0.7000 |
| Nov 29, 2023 | $0.7000 |
| Aug 30, 2023 | $0.7000 |
| May 30, 2023 | $0.7000 |
| Feb 27, 2023 | $0.7000 |
| Nov 29, 2022 | $0.7000 |
| Aug 30, 2022 | $0.7000 |
| May 27, 2022 | $0.7000 |
| Feb 25, 2022 | $0.7000 |
| Nov 29, 2021 | $0.7000 |
| Aug 30, 2021 | $0.7000 |
| May 27, 2021 | $0.7000 |
| Feb 25, 2021 | $0.7000 |
| Nov 27, 2020 | $0.7000 |
| Aug 28, 2020 | $0.7000 |