Key facts
- 52-week range (closes)
- $20.95 – $41.87 Lowest close Nov 20, 2025, highest Mar 30, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
- Fiscal year ends
- December Fiscal 2025 ended Dec 31, 2025, from SEC filings
- In the S&P 500 since
- Apr 2, 2019, replacing Brighthouse Financial (BHF) · DowDuPont completed the corporate spin-off of Dow Inc. · All S&P 500 changes
Dow Inc. (DOW) is trading up at $30.69 (+2.03%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Materials sector.
Dow Inc. revenue & net income history (FY2017–FY2025)
| FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | $43.7B | $49.6B | $43.0B | $38.5B | $55.0B | $56.9B | $44.6B | $43.0B | $40.0B |
| Growth (year over year) | — | +13.4% | −13.4% | −10.3% | +42.6% | +3.5% | −21.6% | −3.7% | −7.0% |
| Gross profit | $7.38B | $8.53B | $6.29B | $5.20B | $10.8B | $8.56B | $4.88B | $4.61B | $2.53B |
| Gross margin | 16.9% | 17.2% | 14.7% | 13.5% | 19.6% | 15.1% | 10.9% | 10.7% | 6.3% |
| Net income | $465.0M | $4.64B | −$1.36B | $1.23B | $6.31B | $4.58B | $589.0M | $1.12B | −$2.62B |
| Net margin | 1.1% | 9.4% | −3.2% | 3.2% | 11.5% | 8.1% | 1.3% | 2.6% | −6.6% |
| EPS (diluted) | $0.60 | $6.21 | −$1.84 | $1.64 | $8.38 | $6.28 | $0.82 | $1.57 | −$3.70 |
| Balance sheet | |||||||||
| Cash and equivalents | $6.19B | $2.72B | $2.37B | $5.10B | $2.99B | $3.89B | $2.99B | $2.19B | $3.82B |
| Total assets | — | $83.7B | $60.5B | $61.5B | $63.0B | $60.6B | $58.0B | $57.3B | $58.5B |
| Total liabilities | — | $50.1B | $46.4B | $48.5B | $44.3B | $39.4B | $38.9B | $39.5B | $41.0B |
| Long-term debt | — | $19.3B | $16.0B | $16.5B | $14.3B | $14.7B | $14.9B | $15.7B | $17.8B |
| Shareholders' equity | $31.5B | $32.5B | $13.5B | $12.4B | $18.2B | $20.7B | $18.6B | $17.4B | $16.0B |
| Cash flow | |||||||||
| Operating cash flow | −$4.93B | $4.25B | $5.93B | $6.23B | $7.01B | $7.47B | $5.20B | $2.91B | $1.03B |
| Capital expenditure | $2.81B | $2.09B | $1.96B | $1.25B | $1.50B | $1.82B | $2.36B | $2.94B | $2.48B |
| Free cash flow | −$7.74B | $2.16B | $3.97B | $4.97B | $5.51B | $5.65B | $2.84B | −$26.0M | −$1.45B |
| Dividends paid | $1.06B | $3.71B | $535.0M | $2.07B | $2.07B | $2.01B | $1.97B | $1.97B | $1.49B |
| Share buybacks | $0 | $0 | $500.0M | $125.0M | $1.00B | $2.33B | $625.0M | $494.0M | $0 |
| Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $10.9B | $10.9B | $10.4B | $10.4B | $10.1B | $9.97B | $9.46B | $9.79B |
| Growth (year over year) | −4.4% | +1.4% | −2.0% | −3.1% | −7.4% | −8.3% | −9.1% | −6.1% |
| Gross profit | $1.32B | $1.07B | $935.0M | $671.0M | $583.0M | $731.0M | $548.0M | $640.0M |
| Gross margin | 12.1% | 9.8% | 9.0% | 6.4% | 5.8% | 7.3% | 5.8% | 6.5% |
| Net income | $439.0M | $214.0M | −$53.0M | −$307.0M | −$835.0M | $62.0M | −$1.54B | −$533.0M |
| Net margin | 4.0% | 2.0% | −0.5% | −2.9% | −8.3% | 0.6% | −16.3% | −5.4% |
| EPS (diluted) | $0.62 | $0.30 | −$0.08 | −$0.44 | −$1.18 | $0.08 | −$2.16 | −$0.74 |
| Balance sheet | ||||||||
| Cash and equivalents | $3.34B | $2.88B | $2.19B | $1.47B | $2.40B | $4.61B | $3.82B | $4.11B |
| Total assets | $58.5B | $59.4B | $57.3B | $57.5B | $59.0B | $61.0B | $58.5B | $59.8B |
| Total liabilities | $39.7B | $40.5B | $39.5B | $40.2B | $40.4B | $41.9B | $41.0B | $43.0B |
| Long-term debt | $16.0B | $16.2B | $15.7B | $15.9B | $16.2B | $17.7B | $17.8B | $17.3B |
| Shareholders' equity | $18.3B | $18.3B | $17.4B | $16.8B | $17.2B | $17.5B | $16.0B | $15.2B |
| Cash flow | ||||||||
| Operating cash flow | $836.0M | $800.0M | $814.0M | $91.0M | −$470.0M | $1.13B | $284.0M | $1.12B |
| Capital expenditure | $723.0M | $736.0M | $767.0M | $685.0M | $662.0M | $564.0M | $568.0M | $503.0M |
| Free cash flow | $113.0M | $64.0M | $47.0M | −$594.0M | −$1.13B | $563.0M | −$284.0M | $621.0M |
| Dividends paid | $491.0M | $490.0M | $492.0M | $494.0M | $496.0M | $249.0M | $251.0M | $252.0M |
| Share buybacks | $200.0M | $94.0M | $0 | $0 | $0 | $0 | $0 | — |
From Dow Inc.'s 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Dow Inc. vs the Materials sector and the S&P 500
Dow Inc.'s latest reported figures next to the median of the other 24 S&P 500 Materials companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | Dow Inc. | Materials (24 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | −7.0% | +4.4% | +7.0% |
| Net margin, latest fiscal year | −6.6% | 7.3% | 13.0% |
| Dividend per share, latest fiscal year | $2.10 | $2.21 | $2.40 |
| Share price change, 1 year | +41.9% | +11.1% | +7.5% |
Dow Inc.: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Dow Inc. included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 24/496, net margin 24/496, dividend per share 23/349, 1-year price change 24/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 23 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.
About Dow Inc.
The Dow Chemical Company is an American multinational corporation headquartered in Midland, Michigan, United States. The company was among the three largest chemical producers in the world in 2021. It is the operating subsidiary of Dow Inc., a publicly traded holding company incorporated under Delaware law.
Source: Wikipedia — Dow Chemical Company
- Headquarters
- Midland, Michigan From SEC filings, Oct 2026
Recent News (11)
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Wholesale prices jumped 6.3% annually in September, biggest gain since 2022 September producer prices were expected to increase 0.6% month over month and 5.5% annually, according to the consensus estimate by Dow Jones.
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Consumer prices rose 3.7% annually in September as gas prices skyrocket The consumer price index was expected to increase 0.6% in September on a monthly basis and 3.6% from a year ago, according to the Dow Jones consensus forecast.
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Trade deficit hits $105.6 billion, widest since just before Trump tariffs enacted last year That marked a 13.7% jump from July and was ahead of the Dow Jones consensus estimate for $102 billion.
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