DOW
Dow Inc
NYSE: DOW · BASIC MATERIALS · CHEMICALS
$39.55
+4.05% today
Updated 2026-04-29
Market cap
$28.51B
P/E ratio
—
P/S ratio
0.73x
EPS (TTM)
$-4.00
Dividend yield
4.60%
52W range
$20 – $43
Volume
14.9M
Dow Inc (DOW) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.88B | $53.67B | $59.98B | $56.79B | $57.08B | $58.17B | $37.10B | $48.16B | $43.73B | $60.28B | $42.95B | $38.54B | $54.97B | $56.90B | $44.62B | $42.96B | $39.97B |
| Revenue growth (YoY) | — | +19.6% | +11.8% | -5.3% | +0.5% | +1.9% | -36.2% | +29.8% | -9.2% | +37.8% | -28.7% | -10.3% | +42.6% | +3.5% | -21.6% | -3.7% | -7.0% |
| Cost of revenue | $39.15B | $45.78B | $51.03B | $47.79B | $47.59B | $47.46B | $29.66B | $38.21B | $44.24B | $41.44B | $36.99B | $33.73B | $44.58B | $49.05B | $39.65B | $38.51B | $37.57B |
| Gross profit | $5.73B | $7.89B | $8.96B | $8.99B | $9.49B | $10.70B | $7.45B | $9.95B | $11.27B | $8.16B | $5.96B | $4.81B | $10.39B | $7.86B | $4.97B | $4.46B | $2.40B |
| Gross margin | 12.8% | 14.7% | 14.9% | 15.8% | 16.6% | 18.4% | 20.1% | 20.7% | 25.8% | 13.5% | 13.9% | 12.5% | 18.9% | 13.8% | 11.1% | 10.4% | 6.0% |
| R&D | $1.49B | $1.66B | $1.65B | $1.71B | $1.75B | $1.65B | $730.00M | $1.59B | $803.00M | $1.54B | $765.00M | $768.00M | $857.00M | $851.00M | $829.00M | $810.00M | $751.00M |
| SG&A | $2.49B | $2.61B | $2.79B | $2.86B | $3.02B | $3.11B | $2.97B | $4.07B | $1.79B | $2.85B | $1.59B | $1.47B | $1.65B | $1.68B | $1.63B | $1.58B | $1.39B |
| Operating income | $653.00M | $3.09B | $3.71B | $2.36B | $6.83B | $5.44B | $4.70B | $5.40B | $6.70B | $5.58B | $3.60B | $2.57B | $7.89B | $5.33B | $2.52B | $2.06B | $260.00M |
| Operating margin | 1.5% | 5.8% | 6.2% | 4.2% | 12.0% | 9.4% | 12.7% | 11.2% | 15.3% | 9.3% | 8.4% | 6.7% | 14.3% | 9.4% | 5.6% | 4.8% | 0.7% |
| EBITDA | — | — | — | — | — | — | $4.92B | $5.82B | $4.40B | $7.54B | $2.37B | $5.54B | $11.68B | $9.50B | $4.00B | $5.25B | $1.19B |
| EBITDA margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 13.3% | 12.1% | 10.1% | 12.5% | 5.5% | 14.4% | 21.2% | 16.7% | 9.0% | 12.2% | 3.0% |
| EBIT | $1.32B | $4.24B | $4.97B | $2.93B | $7.91B | $6.33B | $4.70B | $5.27B | $3.77B | $4.81B | $-300.00M | $2.95B | $8.83B | $6.74B | $1.39B | $2.36B | $-1.65B |
| Interest expense | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $858.00M | $976.00M | $1.06B | $947.00M | $878.00M | $689.00M | $651.00M | $736.00M | $758.00M | $865.00M |
| Income tax | $-97.00M | $481.00M | $817.00M | $565.00M | $1.99B | $1.43B | $1.59B | $9.00M | $1.52B | $1.28B | $470.00M | $777.00M | $1.74B | $1.45B | $-4.00M | $399.00M | $-67.00M |
| Effective tax rate | -17.6% | 17.2% | 23.0% | 32.3% | 29.3% | 27.4% | 20.7% | 0.2% | 76.6% | 22.2% | -52.5% | 38.8% | 21.6% | 24.0% | -0.7% | 26.3% | 2.5% |
| Net income | $648.00M | $2.31B | $2.74B | $1.18B | $4.79B | $3.77B | $6.09B | $4.32B | $465.00M | $4.50B | $-1.36B | $1.23B | $6.31B | $4.58B | $589.00M | $1.12B | $-2.62B |
| Net income growth (YoY) | — | +256.5% | +18.7% | -56.9% | +305.0% | -21.2% | +61.4% | -29.1% | -89.2% | +867.5% | -130.3% | +189.7% | +415.2% | -27.4% | -87.1% | +89.5% | -335.0% |
| Profit margin | 1.4% | 4.3% | 4.6% | 2.1% | 8.4% | 6.5% | 16.4% | 9.0% | 1.1% | 7.5% | -3.2% | 3.2% | 11.5% | 8.1% | 1.3% | 2.6% | -6.6% |