Dow Inc. (DOW)DOWDow Inc.

Financials

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Revenue	39.33B	9.79B	9.46B	9.97B	10.10B	10.43B	10.40B	10.88B	10.91B
Cost of Goods Sold	36.91B	9.15B	8.91B	9.28B	9.56B	9.73B	9.53B	9.90B	9.67B
Gross Profit	2.42B	640.00M	548.00M	689.00M	544.00M	704.00M	877.00M	975.00M	1.24B
Gross Profit Margin	6.2%	6.5%	5.8%	6.9%	5.4%	6.7%	8.4%	9.0%	11.4%
Total Operating Expenses	3.33B	671.00M	1.59B	530.00M	535.00M	566.00M	555.00M	604.00M	586.00M
Research & Development	733.00M	181.00M	173.00M	191.00M	188.00M	200.00M	202.00M	208.00M	196.00M
Selling, General & Administrative	1.44B	417.00M	339.00M	339.00M	347.00M	366.00M	353.00M	396.00M	390.00M
Operating Income (EBIT)	-907.00M	-31.00M	-1.04B	159.00M	9.00M	138.00M	322.00M	371.00M	656.00M
Operating Margin	-2.3%	-0.3%	-11.0%	1.6%	0.1%	1.3%	3.1%	3.4%	6.0%
Income Before Tax (EBT)	-2.53B	-390.00M	-1.55B	70.00M	-659.00M	-374.00M	219.00M	324.00M	608.00M
Interest Income	166.00M	42.00M	38.00M	47.00M	39.00M	28.00M	57.00M	36.00M	42.00M
Interest Expense	881.00M	219.00M	219.00M	221.00M	222.00M	235.00M	173.00M	197.00M	191.00M
Other Income/Expense	-1.62B	-359.00M	-504.00M	-89.00M	-668.00M	-512.00M	-103.00M	-47.00M	-48.00M
Net Income	-2.76B	-445.00M	-1.54B	62.00M	-835.00M	-307.00M	-53.00M	214.00M	439.00M
Income Tax Expense	72.00M	55.00M	-71.00M	-54.00M	142.00M	-84.00M	254.00M	84.00M	150.00M
Net Profit Margin	-7.0%	-4.5%	-16.3%	0.6%	-8.3%	-2.9%	-0.5%	2.0%	4.0%
EBITDA	1.26B	15.00M	-336.00M	847.00M	733.00M	852.00M	1.07B	1.11B	1.34B
EBITDA Margin	3.2%	0.2%	-3.6%	8.5%	7.3%	8.2%	10.3%	10.2%	12.3%
Depreciation & Amortization	2.17B	46.00M	708.00M	688.00M	724.00M	714.00M	751.00M	741.00M	682.00M
EPS Basic	-3.99	-0.74	-2.15	0.08	-1.18	-0.44	-0.08	0.30	0.62
EPS Diluted	-3.99	-0.74	-2.15	0.08	-1.18	-0.44	-0.08	0.30	0.62
Shares Outstanding	721.20M	721.20M	718.20M	711.80M	703.80M	706.90M	703.80M	702.30M	703.80M
Diluted Shares Outstanding	721.20M	721.20M	718.20M	713.20M	705.30M	706.90M	705.10M	703.60M	705.30M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	39.97B	42.96B	44.62B	56.90B	54.97B	38.54B	42.95B	60.28B
Cost of Goods Sold	37.57B	38.51B	39.65B	49.05B	44.58B	33.73B	36.99B	41.44B
Gross Profit	2.40B	4.46B	4.97B	7.86B	10.39B	4.81B	5.96B	8.16B
Gross Profit Margin	6.0%	10.4%	11.1%	13.8%	18.9%	12.5%	13.9%	13.5%
Total Operating Expenses	2.13B	2.39B	2.46B	2.53B	2.50B	2.24B	2.35B	2.58B
Research & Development	751.00M	810.00M	829.00M	851.00M	857.00M	768.00M	765.00M	1.54B
Selling, General & Administrative	1.38B	1.58B	1.63B	1.68B	1.65B	1.47B	1.59B	1.78B
Operating Income (EBIT)	260.00M	2.06B	2.52B	5.33B	7.89B	2.57B	3.60B	5.58B
Operating Margin	0.7%	4.8%	5.6%	9.4%	14.3%	6.7%	8.4%	9.3%
Income Before Tax (EBT)	-2.51B	1.60B	656.00M	6.09B	8.14B	2.07B	-1.25B	5.92B
Interest Income	152.00M	200.00M	229.00M	173.00M	55.00M	38.00M	81.00M	82.00M
Interest Expense	865.00M	758.00M	736.00M	651.00M	689.00M	878.00M	947.00M	1.06B
Other Income/Expense	-2.77B	-464.00M	-1.86B	759.00M	259.00M	-502.00M	-4.85B	-1.83B
Net Income	-2.62B	1.12B	589.00M	4.58B	6.31B	1.23B	-1.36B	4.50B
Income Tax Expense	-67.00M	399.00M	-4.00M	1.45B	1.74B	777.00M	470.00M	1.28B
Net Profit Margin	-6.6%	2.6%	1.3%	8.1%	11.5%	3.2%	-3.2%	7.5%
EBITDA	3.09B	4.96B	5.13B	8.09B	10.73B	5.16B	6.27B	8.31B
EBITDA Margin	7.7%	11.5%	11.5%	14.2%	19.5%	13.4%	14.6%	13.8%
Depreciation & Amortization	2.83B	2.89B	2.61B	2.76B	2.84B	2.59B	2.67B	2.74B
EPS Basic	-3.69	1.57	0.82	6.32	8.44	1.64	-2.31	6.02
EPS Diluted	-3.69	1.57	0.82	6.28	8.38	1.64	-2.31	6.00
Shares Outstanding	711.60M	703.80M	705.70M	721.00M	743.60M	740.50M	742.50M	747.20M
Diluted Shares Outstanding	711.60M	705.10M	709.00M	725.60M	749.00M	742.30M	742.50M	750.00M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Dow Inc.

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.

Midland, MI

34,600 employees

www.dow.com

Basic Materials / Chemicals

Sector: Basic Materials
Industry: Chemicals
CEO: Karen S. Carter

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