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) Gross margin
Dow Inc.'s gross margin over the twelve months to 30 June 2026 was 9.89%, up 3.6 percentage points from fiscal 2025 (6.34%). Over the past ten years it has ranged from 6.34% (fiscal 2025) to 21.8% (fiscal 2016) — the current reading is the lowest in ten years. That is below the Chemicals industry median of 16.0% and below the Basic Materials sector median of 25.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 6.34% | (4.38) |
| FY2024 | 10.7% | (0.22) |
| FY2023 | 10.9% | (4.11) |
| FY2022 | 15.1% | (4.56) |
| FY2021 | 19.6% | 6.13 |
| FY2020 | 13.5% | (1.17) |
| FY2019 | 14.7% | (2.55) |
| FY2018 | 17.2% | 0.32 |
| FY2017 | 16.9% | (4.90) |
| FY2016 | 21.8% | — |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 17.9% | 11.39 |
| Mar 2026 | 6.53% | 0.74 |
| Dec 2025 | 5.79% | (1.54) |
| Sep 2025 | 7.33% | 1.56 |
| 28 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| WLKP Westlake Chemical Partners LP compare | 31.2% |
| REX REX American Resources Corporation compare | 21.5% |
| CE Celanese Corporation compare | 20.9% |
| LXU Lsb Industries Inc. compare | 17.3% |
| GPRE Green Plains, Inc. compare | 16.0% |
| HUN Huntsman Corporation compare | 13.5% |
| DOW Dow Inc. | 9.89% |
| OLN Olin Corporation compare | 6.87% |
| TROX Tronox Holdings PLC compare | 6.22% |
| Chemicals industry median | 16.0% |
| Basic Materials sector median | 25.1% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement