Dow Inc.

DOW Basic Materials Chemicals

Dow Inc.’s revenue for fiscal 2025 (year ended December 2025) was $40.0 billion, down 6.97% from fiscal 2024.

Revenue
+13.0%
EPS
+687.5%
Free cash flow
+169.7%
Total debt
−3.31%

Quarter to September 2026, against a year earlier

34.12 0.58 −1.67%
Market cap
$25.1B
P/E
0.0×
Fwd P/E
17.7×
Dividend yield
4.10%
F-score
3/9
Altman Z
1.41
Beneish M
−2.43
Dividend safety
0/100

Dow Inc. (DOW) Operating margin

Alert me on Operating margin

Dow Inc.'s operating margin over the twelve months to 30 September 2026 was 1.29%, up 5.5 percentage points from fiscal 2025 (−4.25%). Over the past ten years it has ranged from −4.25% (fiscal 2025) to 14.3% (fiscal 2021) — the current reading is the lowest in ten years. That is above the Chemicals industry median of −0.68% and below the Basic Materials sector median of 2.53%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −4.25% (8.44)
FY2024 4.19% 0.67
FY2023 3.52% (6.29)
FY2022 9.81% (4.53)
FY2021 14.3% 10.17
FY2020 4.17% 5.94
FY2019 −1.77% (9.99)
FY2018 8.22% 6.29
FY2017 1.93% (7.32)
FY2016 9.25% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 6.58% (0.71)
Jun 2026 7.29% 7.61
Mar 2026 −0.32% 10.72
Dec 2025 −11.0% (12.35)
29 more quarters

Against its own ten years

Low −4.25% High 14.3%
Ten-year median 4.18%
Current reading's percentile 31

Operating margin against peers

Company Operating margin
WLKP Westlake Chemical Partners LP compare 28.8%
REX REX American Resources Corporation compare 15.3%
LXU Lsb Industries Inc. compare 9.53%
GPRE Green Plains, Inc. compare 7.44%
DOW Dow Inc. −0.15%
HUN Huntsman Corporation compare −0.54%
OLN Olin Corporation compare −1.57%
CE Celanese Corporation compare −7.13%
TROX Tronox Holdings PLC compare −7.16%
Chemicals industry median −0.68%
Basic Materials sector median 2.53%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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