Dow Inc.
Dow Inc.’s revenue for fiscal 2025 (year ended December 2025) was $40.0 billion, down 6.97% from fiscal 2024. In the quarter to June 2026, revenue grew 19.7%, EPS grew 183.9%, free cash flow grew 169.7% and total debt rose 7.57%, each against the same quarter a year earlier. Member of the S&P 500.
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Dow Inc. (DOW) Debt to equity
Dow Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 1.0×, down 0.0× from fiscal 2025 (1.0×). Over the past ten years it has ranged from 0.0× (fiscal 2016) to 1.3× (fiscal 2020); the current reading is higher than 80% of that period. That is above the Chemicals industry median of 0.7× and above the Basic Materials sector median of 0.2×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 1.0× | 13.58% |
| FY2024 | 0.9× | 15.48% |
| FY2023 | 0.8× | 10.93% |
| FY2022 | 0.7× | (8.47%) |
| FY2021 | 0.8× | (40.59%) |
| FY2020 | 1.3× | 11.95% |
| FY2019 | 1.2× | 99.81% |
| FY2018 | 0.6× | (23.29%) |
| FY2017 | 0.8× | — |
| FY2016 | 0.0× | — |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | 1.0× | (4.22%) |
| Mar 2026 | 1.1× | 4.39% |
| Dec 2025 | 1.0× | 8.49% |
| Sep 2025 | 1.0× | 6.16% |
| 31 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| REX REX American Resources Corporation compare | 0.0× |
| WLKP Westlake Chemical Partners LP compare | 0.5× |
| GPRE Green Plains, Inc. compare | 0.6× |
| HUN Huntsman Corporation compare | 0.7× |
| LXU Lsb Industries Inc. compare | 0.8× |
| DOW Dow Inc. | 1.0× |
| OLN Olin Corporation compare | 1.8× |
| CE Celanese Corporation compare | 2.6× |
| TROX Tronox Holdings PLC compare | 2.7× |
| Chemicals industry median | 0.7× |
| Basic Materials sector median | 0.2× |
| Market median | 0.2× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on DOW
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement