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NYSE · PLASTIC MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS · LARGE CAP

DOW Inc. DOW

9 fiscal years on record · USD · FY2025 reported · SEC filings only
$40.0B
▼ 7.0% YoY
$-2.4B
▼ 303.5% YoY
$-1.4B

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Dow is a materials science company that serves customers in markets such as packaging, infrastructure, mobility and consumer applications. It operates manufacturing sites in 29 countries and employs approximately 34,600 people. The company conducts its worldwide operations through six global businesses organized into the operating segments Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure and Performance Materials & Coatings. Packaging & Specialty Plastics comprises the Hydrocarbons & Energy and Packaging and Specialty Plastics businesses. Industrial Intermediates & Infrastructure comprises Industrial Solutions and Polyurethanes & Construction Chemicals, which develop intermediate chemicals used in manufacturing processes as well as downstream customized materials and formulations. Performance Materials & Coatings consists of the Coatings & Performance Monomers and Consumer Solutions businesses, which deliver into consumer, infrastructure and mobility end-markets. Dow Inc. was incorporated on August 30, 2018, under Delaware law, to serve as a holding company for The Dow Chemical Company and its consolidated subsidiaries. It operates all of its businesses through TDCC, a wholly owned subsidiary incorporated in 1947 under Delaware law and the successor to a Michigan corporation of the same name organized in 1897.

Written from the business description in DOW INC.'s annual report to the U.S. Securities and Exchange Commission, filed 3 February 2026. Every sentence was checked against that document before publication.

Growth

USD 40.0B
Revenue, FY2025 · full 9-year series below
Revenue $B Net income $B
FY2025 · Revenue 40.0 · Net income -2.4
20B40B
2017202020232025
Compound annual growth
−11.1%
+0.7%
−9.1%
−5.6%
−28.7%
−6.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +0.7% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−6 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -6.3% · Net -6.1%
5%10%-2%-4%-6%
201720212025
ROE
FY2025 · ROE -14.7%
20%40%-5%-10%
201720212025
Three returns, three denominators.
Return on capital employedNot available: we don't have a clean operating profit figure for this period.

Each USD of equity lost 15 cents this year.

Cash & shareholders

USD 1.5B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -1.4
2B4B-3B-6B
201720212025
Net buybacks $B Dividends $B
FY2025 · Dividends 1.5 · Net buybacks -0.1
2B3BDividendsNet buybacks
201720182019202020212022202320242025

USD 1.5B in dividends went back to shareholders in a year without profit.

Total assetsUSD 58.5B
EquityUSD 16.0B
CashUSD 3.8B
Gross debtUSD 17.8B
Net debtUSD 14.0B
Current ratio1.97×

Net debt stands at 88% of equity.

The 9-year record

9 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
DOW, 9-year financial record
Metric 202520242023202220212020201920182017
Revenue $B40.043.044.656.955.038.543.049.643.7
Operating income $B−2.51.60.76.18.12.1−1.23.70.2
EBITDA $B0.34.53.38.811.04.91.76.72.8
Income tax $B−0.10.4−0.01.41.70.80.50.81.5
Net income $B−2.41.20.74.66.41.3−1.34.80.6
Free cash flow $B−1.4−0.02.85.75.55.04.02.2−7.7
EPS, diluted $−3.701.570.826.288.381.64−1.846.210.60
Dividend / sh $2.102.802.802.802.802.802.100.001.38
Payout %−611642994332160−1220177
ROE %−14.76.73.423.941.910.0−5.514.91.9

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures · 1 divergence in 37 reconciliationsAUDITED

Reconciled in 8 of the 9 fiscal years we could check. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 22 checks were skipped: the balance sheet is not tagged before 2018. 10 checks were skipped: EPS is not tagged before 2017. 10 checks were skipped: revenue is not tagged before 2017.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures1 divergent
ActivityPlastic Materials, Synth Resins & Nonvulcan Elastomers
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2017

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