
Dow Inc.
NYSE•DOW
CEO: Mr. James R. Fitterling
Sector: Basic Materials
Industry: Chemicals
Listing Date: 2019-03-20
Dow Inc., through its subsidiaries, engages in the provision of various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. The company operates through Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings segments. The Packaging & Specialty Plastics segment provides ethylene, and propylene and aromatics products; and polyethylene, polyolefin elastomers, ethylene vinyl acetate, and ethylene propylene diene monomer rubbers for mobility and transportation, consumer, wire and cable, and construction end-markets. The Industrial Intermediates & Infrastructure segment offers purified ethylene, ethylene and ethanol amines, propylene glycol and polyether polyols, aromatic isocyanates and coatings, adhesives, sealants, elastomers, and composites. This segment also provides caustic soda, and ethylene dichloride and vinyl chloride monomers; and cellulose ethers, redispersible latex powders, and acrylic emulsions. The Performance Materials and Coatings segment provides architectural paints and coatings, and industrial coatings that are used in maintenance and protective industries, wood, metal packaging, traffic markings, thermal paper, and leather; and silicon metal, siloxanes, and intermediates used as key materials in manufacturing differentiated downstream silicone products. It also engages in property and casualty insurance, as well as reinsurance business. Dow Inc. was incorporated in 2018 and is headquartered in Midland, Michigan.
Contact Information
Market Cap
$18.77B
P/E (TTM)
-16.6
0.8
Dividend Yield
7.9%
52W High
$42.17
52W Low
$20.40
52W Range
Rank32Top 23.6%
4.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$9.97B-8.33%
4-Quarter Trend
EPS
$0.08-73.33%
4-Quarter Trend
FCF
$563.00M-1087.72%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Nine Months Sales Decline Net sales for nine months totaled $30.51B, down 6% due to lower local pricing and volume across segments.
Significant Net Loss Net loss available for common stockholders reached $(1.08)B for nine months, contrasting sharply with prior year income.
Major Restructuring Charges Recorded $820M pretax charges related to the 2025 Restructuring Program, focusing on workforce reduction and asset rationalization.
Divestiture Gains Recognized Recognized $213M pretax gain from divestitures, including the sale of the soil fumigation product line and DowAksa investment.
Risk Factors
Macroeconomic Uncertainty Persists Slower global GDP growth, industry overcapacity, and geopolitical uncertainty negatively impact near-term operating results.
Credit Ratings Downgraded Moody's and Fitch downgraded ratings reflecting market volatility; S&P outlook revised to negative due to financial pressures.
Environmental Liability Accrued Accrued $1.04 B for probable environmental remediation costs, with potential costs possibly reaching two times the accrued amount.
New Securities Litigation Filed Facing a new putative securities class action alleging misleading statements regarding navigating macroeconomic and tariff pressures.
Outlook
Targeted Cost Reduction Actions Committed to $1 B structural cost reduction over two years, focusing on optimizing asset footprint, especially in Europe.
Capital Spending Reduced Reduced 2025 capital expenditures guidance to $2.5 B, delaying the Path2Zero project until market conditions improve.
Dividend Policy Adjusted Announced 50 percent reduction in quarterly dividend to $0.35 per share to enhance financial flexibility amidst downturn.
Asset Rationalization Strategy Continuing asset rationalization actions, including facility shutdowns in Germany and UK, expected to complete by end of 2026.
Peer Comparison
Revenue (TTM)
PKX$49.83B
DOW$40.91B
LYB$32.56B
Gross Margin (Latest Quarter)
40.8%
CF38.1%
PAAS36.6%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| SQM | $22.21B | 46.4 | 9.2% | 40.2% |
| PAAS | $20.43B | 33.3 | 12.0% | 9.4% |
| ALB | $19.93B | -941.9 | -0.2% | 22.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.4%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Next earnings:Jul 22, 2026
EPS:-
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Oct 24, 2025|Revenue: $9.97B-8.3%|EPS: $0.08-73.3%BeatForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 25, 2025|Revenue: $10.10B-7.4%|EPS: $-1.18-290.3%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: Apr 25, 2025|Revenue: $10.43B-3.1%|EPS: $-0.44-160.3%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 4, 2025|Revenue: $42.96B-3.7%|EPS: $1.57+91.5%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 25, 2024|Revenue: $10.88B+1.4%|EPS: $0.30-30.2%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Jul 26, 2024|Revenue: $10.92B-4.4%|EPS: $0.62-8.8%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: Apr 26, 2024|Revenue: $10.77B-9.2%|EPS: $0.73-661.5%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Jan 31, 2024|Revenue: $44.62B-21.6%|EPS: $0.82-87.0%Beat