Dow Inc. logo

Dow Inc.

DOW

NYSEBasic MaterialsChemicals

Previous close

$32.35

−$0.55 · -1.67%

Aug 21, 4:00 PM ET

DOW company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

20

Overpriced

Momentum

30

Weakening

Sentiment

61

Bullish

Risk resilience

64

Moderate Risk

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Company profile

Company website

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.

Industry
Chemicals
Sector
Basic Materials
Headquarters
US
CEO
Karen S. Carter
Listed since
Mar 20, 2019
Employees
32,800

Market position

Day range

Current $32.35

52-week range

Current $32.35

Open
$32.78
Previous close
$32.90
Volume
9.09M
0.79× average
Average volume
11.47M
Average daily volume
Market cap
23.37B USD
Beta
0.42
Market reference 1
50-day average
$30.261
+6.90% above average
200-day average
$31.0732
+4.11% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
32.42B USD
EV / EBITDA
27.29×
Earnings yield
-15.77%
Free cash flow yield
-8.70%

Profitability & efficiency

Return on equity
-16.39%
Return on assets
-4.48%
Return on invested capital
0.51%

Financial health

Current ratio
1.97×
Altman Z-score
1.82
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends21%11%1%-9%Gross margin, FY2021: 18.90%Gross margin, FY2022: 13.81%Gross margin, FY2023: 11.14%Gross margin, FY2024: 10.37%Gross margin, FY2025: 5.99%Operating margin, FY2021: 14.35%Operating margin, FY2022: 9.37%Operating margin, FY2023: 5.64%Operating margin, FY2024: 4.80%Operating margin, FY2025: 0.65%Net margin, FY2021: 11.48%Net margin, FY2022: 8.05%Net margin, FY2023: 1.32%Net margin, FY2024: 2.60%Net margin, FY2025: -6.56%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 18.90%. Gross margin FY2022 13.81%. Gross margin FY2023 11.14%. Gross margin FY2024 10.37%. Gross margin FY2025 5.99%. Operating margin FY2021 14.35%. Operating margin FY2022 9.37%. Operating margin FY2023 5.64%. Operating margin FY2024 4.80%. Operating margin FY2025 0.65%. Net margin FY2021 11.48%. Net margin FY2022 8.05%. Net margin FY2023 1.32%. Net margin FY2024 2.60%. Net margin FY2025 -6.56%.

Income trends

Revenue

39.97B USD-6.97%

Operating income

260M USD-87.40%

Net income

−2.62B USD−3.74B USD
Income trends across reported periods62.85B USD39.04B USD15.23B USD−8.58B USDRevenue, FY2021: 54.97B USDRevenue, FY2022: 56.9B USDRevenue, FY2023: 44.62B USDRevenue, FY2024: 42.96B USDRevenue, FY2025: 39.97B USDOperating income, FY2021: 7.89B USDOperating income, FY2022: 5.33B USDOperating income, FY2023: 2.52B USDOperating income, FY2024: 2.06B USDOperating income, FY2025: 260M USDNet income, FY2021: 6.31B USDNet income, FY2022: 4.58B USDNet income, FY2023: 589M USDNet income, FY2024: 1.12B USDNet income, FY2025: −2.62B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 54.97B USD. Revenue FY2022 56.9B USD. Revenue FY2023 44.62B USD. Revenue FY2024 42.96B USD. Revenue FY2025 39.97B USD. Operating income FY2021 7.89B USD. Operating income FY2022 5.33B USD. Operating income FY2023 2.52B USD. Operating income FY2024 2.06B USD. Operating income FY2025 260M USD. Net income FY2021 6.31B USD. Net income FY2022 4.58B USD. Net income FY2023 589M USD. Net income FY2024 1.12B USD. Net income FY2025 −2.62B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue39.97B USD42.96B USD44.62B USD56.9B USD54.97B USD
Cost of goods sold37.57B USD38.51B USD39.65B USD49.05B USD44.58B USD
Gross profit2.4B USD4.46B USD4.97B USD7.86B USD10.39B USD
Research and development751M USD810M USD829M USD851M USD857M USD
Selling, general, and administrative1.38B USD1.58B USD1.63B USD1.68B USD1.65B USD
Operating expenses2.14B USD2.39B USD2.46B USD2.53B USD2.5B USD
Interest income152M USD200M USD229M USD173M USD55M USD
Interest expense865M USD758M USD736M USD651M USD689M USD
Depreciation and amortization2.83B USD2.89B USD2.61B USD2.76B USD2.84B USD
Operating income260M USD2.06B USD2.52B USD5.33B USD7.89B USD
Net income−2.62B USD1.12B USD589M USD4.58B USD6.31B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
70%
7 beats, 3 misses, 0 met estimates
Average EPS surprise
+13.06%
10 comparable reports
Latest EPS result
1.44
Estimate 1.25 · Beat by 15.20%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.590.860.12-0.62Q2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26EstimateQ1 '27Estimate
Q2 2025, reported Apr 24, 2025: actual 0.02, estimate -0.014, surprise +240.35%, Beat. Q3 2025, reported Jul 24, 2025: actual -0.42, estimate -0.173, surprise -142.12%, Miss. Q4 2025, reported Oct 23, 2025: actual -0.19, estimate -0.308, surprise +38.41%, Beat. Q1 2026, reported Jan 29, 2026: actual -0.34, estimate -0.464, surprise +26.66%, Beat. Q2 2026, reported Apr 23, 2026: actual -0.14, estimate -0.291, surprise +51.94%, Beat. Q3 2026, reported Jul 23, 2026: actual 1.44, estimate 1.25, surprise +15.20%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 0.771, surprise —, Comparison unavailable. Q1 2027, reported Jan 27, 2027: actual —, estimate 0.39, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates12.58B11.38B10.18B8.98BQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26EstimateQ1 '27Estimate
Q2 2025, reported Apr 24, 2025: actual 10.43B USD, estimate 10.24B USD, surprise +1.86%, Beat. Q3 2025, reported Jul 24, 2025: actual 10.1B USD, estimate 10.24B USD, surprise -1.36%, Miss. Q4 2025, reported Oct 23, 2025: actual 9.97B USD, estimate 10.22B USD, surprise -2.42%, Miss. Q1 2026, reported Jan 29, 2026: actual 9.46B USD, estimate 9.46B USD, surprise -0.02%, Miss. Q2 2026, reported Apr 23, 2026: actual 9.79B USD, estimate 9.66B USD, surprise +1.43%, Beat. Q3 2026, reported Jul 23, 2026: actual 12.09B USD, estimate 12.03B USD, surprise +0.49%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 11.26B USD, surprise —, Comparison unavailable. Q1 2027, reported Jan 27, 2027: actual —, estimate 10.47B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$36.17

11.81% upside
Past 12 months12-month forecastHigh $45.00Average $36.17Low $28.00

DOW news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.10

2025 complete year-25.0% since 2021

2026 partial: $0.70

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Aug 31, 2026

$0.35

Quarterly

Record Aug 31, 2026 · Payment Sep 11, 2026

Dividend

Ex-dividend May 29, 2026

$0.35

Quarterly

Record May 29, 2026 · Payment Jun 12, 2026

Dividend

Ex-dividend Feb 27, 2026

$0.35

Quarterly

Record Feb 27, 2026 · Payment Mar 13, 2026

Dividend

Ex-dividend Nov 28, 2025

$0.35

Quarterly

Record Nov 28, 2025 · Payment Dec 12, 2025

Dividend

Ex-dividend Aug 29, 2025

$0.35

Quarterly

Record Aug 29, 2025 · Payment Sep 12, 2025

Dividend

Ex-dividend May 30, 2025

$0.70

Quarterly

Record May 30, 2025 · Payment Jun 13, 2025

DOW peers

ETFs holding DOW

Funds reporting this stock among their holdings, ordered by reported position size.

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