DOW INC. (DOW)
Dow Inc. is a global leader in materials science, delivering diverse solutions for key industries such as packaging, infrastructure development, mobility, and consumer products. The company's reach extends across numerous regions, including the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. Its operations are structured into three main divisions: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. The Packaging & Specialty Plastics segment is responsible for producing foundational chemicals like ethylene, propylene, and aromatics, along with a range of polymers including polyethylene, polyolefin elastomers, ethylene vinyl acetate, and ethylene propylene diene monomer rubbers. The Industrial Intermediates & Infrastructure segment offers a broad spectrum of products, from ethylene and propylene oxides, propylene glycol, and polyether polyols to aromatic isocyanates and comprehensive polyurethane systems. This division also provides coatings, adhesives, sealants, elastomers, and composite materials, alongside essential chemicals such as caustic soda, ethylene dichloride, and vinyl chloride monomers. Additionally, it supplies specialized products like cellulose ethers, redispersible latex powders, and acrylic emulsions. The Performance Materials & Coatings division focuses on architectural and industrial paint and coating solutions, catering to diverse applications including maintenance, protective finishes, wood, metal packaging, traffic markings, thermal paper, and leather goods. This segment also develops high-performance silicones, specialty materials, and the necessary feedstocks and intermediates for silicone production. In addition to its core materials science endeavors, Dow Inc. also engages in the property and casualty insurance, and reinsurance businesses. The company was founded in 2018 and is headquartered in Midland, Michigan.
Sector: Plastic Materials, Synth Resins & Nonvulcan Elastomers
Industry: Chemicals
Dow Inc.
No splits on record
Nothing in DOW's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $39.97B | $42.96B | $44.62B | $56.9B | $54.97B | $38.54B | $42.95B | $60.28B | $43.73B | $48.16B | $37.1B |
| YoY Growth | -7.0% | -3.7% | -21.6% | 3.5% | 42.6% | -10.3% | -28.7% | 37.8% | -9.2% | 29.8% | - |
| Cost of Revenue | $37.57B | $38.51B | $39.65B | $49.05B | $44.58B | $33.73B | $36.99B | $41.44B | $44.24B | $38.21B | $29.66B |
| Gross Profit | $2.4B | $4.46B | $4.97B | $7.86B | $10.39B | $4.81B | $5.96B | $8.16B | $11.27B | $9.95B | $7.45B |
| Gross Margin | 6.0% | 10.4% | 11.1% | 13.8% | 18.9% | 12.5% | 13.9% | 13.5% | 25.8% | 20.7% | 20.1% |
| Research and Development | $751M | $810M | $829M | $851M | $857M | $768M | $765M | $1.54B | $803M | $1.59B | $730M |
| Selling, General, and Administrative | $1.38B | $1.58B | $1.63B | $1.68B | $1.65B | $1.47B | $1.59B | $1.78B | $2.92B | $2.95B | $1.79B |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $2.13B | $2.39B | $2.46B | $2.53B | $2.5B | $2.24B | $2.35B | $2.58B | $4.57B | $4.55B | $1.54B |
| Operating Income (EBIT) | $260M | $2.06B | $2.52B | $5.33B | $7.89B | $2.57B | $3.6B | $5.58B | $6.7B | $5.4B | $4.7B |
| Operating Margin | 0.7% | 4.8% | 5.6% | 9.4% | 14.3% | 6.7% | 8.4% | 9.3% | 15.3% | 11.2% | 12.7% |
| Interest Expense | $865M | $758M | $736M | $651M | $689M | $878M | $947M | $1.06B | $976M | $858M | $0 |
| Interest Income | $152M | $200M | $229M | $173M | $55M | $38M | $81M | $82M | $0 | $0 | $894M |
| Other Income (Expense) | -$2.77B | -$464M | -$1.86B | $759M | $259M | -$502M | -$4.85B | -$1.83B | -$3.9B | -$987M | $3.39B |
| Income Before Tax (EBT) | -$2.51B | $1.6B | $656M | $6.09B | $8.14B | $2.07B | -$1.25B | $5.92B | $237M | $4.41B | $8.09B |
| Income Tax Expense | -$67M | $399M | -$4M | $1.45B | $1.74B | $777M | $470M | $1.28B | $1.52B | $9M | $1.59B |
| Net Income | -$2.62B | $1.12B | $589M | $4.58B | $6.31B | $1.23B | -$1.36B | $4.5B | $465M | $4.32B | $6.09B |
| Net Income Margin | -6.6% | 2.6% | 1.3% | 8.1% | 11.5% | 3.2% | -3.2% | 7.5% | 1.1% | 9.0% | 16.4% |
| Supplementary Data | |||||||||||
| EPS | -3.69 | 1.57 | 0.82 | 6.32 | 8.44 | 1.64 | -2.31 | 6.02 | 0.62 | 5.30 | 8.12 |
| Diluted EPS | -3.69 | 1.57 | 0.82 | 6.28 | 8.38 | 1.64 | -2.31 | 6.00 | 0.62 | 5.30 | 8.12 |
| Weighted Average OS | 711.60M | 703.80M | 705.70M | 721.00M | 743.60M | 740.50M | 742.50M | 747.20M | 742.66M | 750.00M | 750.00M |
| EBITDA | $1.19B | $5.25B | $4B | $9.5B | $11.68B | $5.82B | $2.64B | $7.72B | $6.32B | $8.13B | $4.92B |
| EBITDA Margin | 3.0% | 12.2% | 9.0% | 16.7% | 21.2% | 15.1% | 6.1% | 12.8% | 14.5% | 16.9% | 13.3% |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $3.82B | $2.19B | $2.99B | $3.89B | $2.99B | $5.1B | $2.37B | $2.72B | $6.19B |
| Short-Term Investments | $0 | $383M | $0 | $0 | $0 | $0 | $0 | $100M | $4M |
| Cash and Short-Term Investments | $3.82B | $2.57B | $2.99B | $3.89B | $2.99B | $5.1B | $2.37B | $2.82B | $6.19B |
| Accounts Receivable | $6.64B | $6.86B | $6.61B | $7.75B | $9.55B | $7.39B | $7.55B | $9.04B | $12.05B |
| Inventory | $6.59B | $6.54B | $6.08B | $6.99B | $7.37B | $5.7B | $6.21B | $9.26B | $8.38B |
| Other Current Assets | $1.01B | $610M | $1.94B | $1.85B | $934M | $889M | $679M | $20.61B | $627M |
| Total Current Assets | $18.06B | $16.59B | $17.61B | $20.48B | $20.85B | $19.08B | $16.82B | $25.26B | $27.24B |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $23.61B | $23.27B | $22.39B | $21.67B | $21.97B | $22.09B | $23.07B | $23.66B | $23.81B |
| Goodwill | $7.98B | $8.56B | $8.64B | $8.64B | $8.76B | $8.91B | $8.8B | $13.85B | $13.94B |
| Intangible Assets | $1.49B | $1.72B | $2.07B | $2.44B | $2.88B | $3.35B | $3.76B | $4.91B | $5.55B |
| Long-Term Investments | $3.02B | $4.68B | $4.01B | $4.38B | $5.24B | $4.1B | $3.99B | $5.97B | $6.25B |
| Deferred Tax Assets | $1.51B | $1.26B | $1.49B | $960M | $1.36B | $2.21B | $2.21B | $2.03B | $1.72B |
| Other Long-Term Assets | $2.88B | $1.23B | $1.76B | $2.03B | $1.93B | $1.71B | $1.88B | $1.09B | $1.42B |
| Total Long-Term Assets | $40.48B | $40.72B | $40.35B | $40.13B | $42.14B | $42.39B | $43.71B | $52.12B | $52.7B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $58.54B | $57.31B | $57.97B | $60.6B | $62.99B | $61.47B | $60.52B | $77.38B | $79.94B |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $4.15B | $4.85B | $4.53B | $4.94B | $5.58B | $3.76B | $3.89B | $4.46B | $5.36B |
| Short-Term Debt | $312M | $632M | $179M | $724M | $392M | $616M | $1.02B | $636M | $1.24B |
| Current Income Tax Payable | $0 | $276M | $419M | $334M | $623M | $397M | $522M | $791M | $694M |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.49B | $0 |
| Total Current Liabilities | $9.18B | $10.29B | $9.96B | $11.33B | $13.23B | $11.11B | $10.68B | $13.76B | $14.38B |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $16.72B | $14.77B | $14.03B | $13.91B | $13.41B | $15.97B | $15.97B | $19.25B | $19.77B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $364M | $392M | $399M | $1.11B | $506M | $405M | $347M | $664M | $764M |
| Other Long-Term Liabilities | $12.52B | $12.09B | $12.56B | $11.22B | $15.09B | $18.94B | $17.69B | $14.78B | $18.02B |
| Total Long-Term Liabilities | $31.83B | $29.17B | $28.9B | $28.02B | $31.02B | $37.36B | $35.75B | $35.65B | $38.55B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $41.02B | $39.46B | $38.86B | $39.36B | $44.25B | $48.47B | $46.43B | $49.41B | $52.93B |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $0 | $0 |
| Retained Earnings | $16.78B | $20.91B | $21.77B | $23.18B | $20.62B | $16.36B | $17.05B | $29.81B | $28.05B |
| Comprehensive Income & Other | -$7.66B | -$8.11B | -$7.68B | -$7.14B | -$8.98B | -$10.86B | -$10.25B | -$9.88B | -$8.59B |
| Other Stockholders' Equity | -$781M | -$3.56B | -$3.17B | -$2.47B | -$2.47B | -$3.93B | -$3.51B | -$2.98B | -$2.23B |
| Total Equity | $16.01B | $17.36B | $18.61B | $20.72B | $18.16B | $12.44B | $13.54B | $26.83B | $25.82B |
| Minority Interest | $1.51B | $496M | $501M | $529M | $574M | $570M | $553M | $1.14B | $1.19B |
| Total Liabilities and Equity | $57.02B | $56.82B | $57.47B | $60.07B | $62.42B | $60.9B | $59.97B | $76.24B | $78.75B |
| Supplementary Data | |||||||||
| Total Debt | $19.6B | $17.64B | $16.45B | $16.71B | $16.14B | $19.04B | $19.16B | $19.9B | $21B |
| Net Debt | $15.78B | $15.46B | $13.46B | $12.82B | $13.15B | $13.94B | $16.79B | $17.16B | $14.81B |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | -$2.62B | $1.2B | $660M | $4.64B | $6.41B | $1.29B | -$1.27B | $4.63B | $595M | $4.4B | $7.78B |
| Depreciation & Amortization | $2.83B | $2.89B | $2.61B | $2.76B | $2.84B | $2.87B | $2.94B | $2.91B | $2.55B | $2.86B | $223M |
| Deferred Income Tax | -$341M | $135M | -$1.22B | $79M | $278M | $258M | -$228M | -$530M | $1.41B | -$1.26B | $305M |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | $73M | -$224M | $1.16B | $1.19B | -$2.13B | $171M | $1.25B | -$1.53B | -$11.43B | -$8.83B | -$84M |
| Inventory | -$52M | -$529M | $844M | $347M | -$1.77B | $515M | $668M | -$983M | -$891M | $610M | $780M |
| Accounts Payable | -$999M | $278M | -$734M | -$1.25B | $2.46B | -$84M | -$948M | $359M | $1.08B | $569M | -$717M |
| Other Working Capital | -$220M | -$1.15B | -$203M | -$1.06B | -$5M | $590M | -$586M | -$1.09B | -$258M | -$723M | $986M |
| Total Working Capital Change | -$1.2B | -$1.62B | $1.07B | -$786M | -$1.45B | $1.19B | $387M | -$3.25B | -$11.5B | -$8.38B | $975M |
| Other Non-Cash Items | $2.36B | $305M | $2.08B | $784M | -$1.07B | $608M | $4.11B | $128M | $2.02B | -$587M | -$1.68B |
| Net Cash from Operating | $1.03B | $2.91B | $5.2B | $7.47B | $7.01B | $6.23B | $5.93B | $3.89B | -$4.93B | -$2.96B | $7.61B |
| Investing Activities | |||||||||||
| Capital Expenditures | -$2.48B | -$125M | -$121M | -$235M | -$2.19B | -$135M | -$9M | -$46M | -$187M | -$187M | -$3.7B |
| Acquisitions | $3.23B | -$28M | $58M | -$137M | -$10M | -$333M | -$638M | -$18M | -$749M | $72M | -$1.23B |
| Purchases of Investments | -$1.07B | -$2.01B | -$2.5B | -$1.56B | -$1.46B | -$1.21B | -$975M | -$1.64B | -$763M | -$690M | -$1.25B |
| Sales of Investments | $1.15B | $2.54B | $1.96B | $747M | $759M | $1.12B | $1.25B | $1.22B | $1.17B | $733M | $4.55B |
| Other Investing Activities | -$8M | -$2.74B | -$2.32B | -$1.79B | -$10M | -$287M | -$1.82B | -$1.7B | $8.05B | $5.16B | -$3.43B |
| Net Cash from Investing | $817M | -$2.37B | -$2.93B | -$2.97B | -$2.91B | -$841M | -$2.19B | -$2.19B | $7.52B | $5.09B | -$1.35B |
| Financing Activities | |||||||||||
| Debt Repaid | -$1.18B | -$1.2B | $342M | -$661M | $2.66B | -$19M | $3.27B | $1.05B | $617M | $556M | -$269M |
| Common Stock Issuance | $85M | $166M | $188M | $212M | $320M | $108M | $93M | $112M | $489M | $0 | $508M |
| Common Stock Repurchases | $0 | -$494M | -$625M | -$2.33B | -$1B | -$125M | -$500M | $0 | $0 | -$916M | -$1.17B |
| Dividends Paid | -$1.49B | -$1.97B | -$1.97B | -$2.01B | -$2.07B | -$2.07B | -$2.08B | -$3.71B | -$3.23B | -$2.46B | -$2.25B |
| Other Financing Activities | -$206M | -$139M | -$115M | -$142M | -$622M | -$264M | $1.36B | -$572M | -$230M | -$445M | $408M |
| Net Cash from Financing | -$435M | -$1.17B | -$3.12B | -$3.36B | -$6.07B | -$2.76B | -$4.09B | -$5.4B | -$3.33B | -$4.01B | -$3.13B |
| Forex Effect | $275M | -$163M | -$45M | -$237M | -$99M | $107M | -$27M | -$99M | $320M | -$77M | -$202M |
| Net Change in Cash | $1.69B | -$785M | -$892M | $907M | -$2.08B | $2.73B | -$384M | $2.76B | $0 | $0 | $2.92B |
| Supplementary Data | |||||||||||
| Operating Cash Flow | $1.03B | $2.91B | $5.2B | $7.47B | $7.01B | $6.23B | $5.93B | $4.25B | -$4.93B | -$2.96B | $7.61B |
| Capital Expenditure | -$2.48B | -$3.06B | -$2.48B | -$2.06B | -$1.5B | -$1.39B | -$1.97B | -$2.14B | -$2.99B | -$3.99B | -$3.7B |
| Free Cash Flow | -$1.45B | -$151M | $2.72B | $5.42B | $5.51B | $4.84B | $3.96B | $2.12B | -$7.92B | -$6.95B | $3.9B |
| Cash at Beginning | $2.26B | $3.05B | $3.94B | $3.03B | $5.11B | $2.38B | $2.76B | $0 | $0 | $0 | $5.65B |
| Cash at End | $3.95B | $2.26B | $3.05B | $3.94B | $3.03B | $5.11B | $2.38B | $2.76B | $0 | $0 | $8.58B |