Dow revenue and financials
$28.51Change from previous close: +1.93%Absolute change: +$0.54
In the fiscal year ended December 2025, Dow reported revenue of $39.97B (−6.97% year over year). The net loss was $2.44B.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −6.97%
- 2025 vs 2024
- Net margin
- -6.1%
- 2024: 2.8%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,331 | 1,124 | 284 | 1,127 | -470 | 91.0 | 814 | 800 | 836 | 464 | 1,656 | 1,658 |
| Depreciation and amortization | 664 | 719 | 638 | 688 | 724 | 714 | 684 | 741 | 682 | 720 | 587 | 657 |
| Capital expenditure | -632 | -524 | -615 | -606 | -700 | -715 | -692 | -918 | -767 | -766 | -811 | -699 |
| Investing cash flow | -972 | -448 | -669 | -495 | -561 | -401 | -912 | -691 | -494 | -271 | -1,082 | -1,012 |
| Financing cash flow | -487 | -320 | -433 | 1,600 | 1,862 | -521 | -445 | -594 | -695 | 566 | -711 | -497 |
| Dividends paid | -253 | -252 | -251 | -249 | -496 | -494 | -492 | -490 | -491 | -493 | -491 | -492 |
| Share repurchases | — | -14.0 | -2.0 | 0.0 | 0.0 | -16.0 | -1.0 | -94.0 | -201 | -237 | -126 | -125 |
| Debt issued | 58.0 | 56.0 | 104 | 1,546 | 168 | 1,024 | 53.0 | 95.0 | 74.0 | 1,388 | 28.0 | 21.0 |
| Debt repaid | -190 | -50.0 | -276 | -98.0 | -191 | -964 | -54.0 | -108 | -70.0 | -113 | -218 | 98.0 |
| Effect of exchange rates | -3.0 | -73.0 | 16.0 | 6.0 | 130 | 123 | -181 | 87.0 | -15.0 | -54.0 | 85.0 | -32.0 |
| Net change in cash | -128 | 158 | -793 | 2,210 | 934 | -798 | -694 | -458 | -382 | 675 | -93.0 | 156 |
| Free cash flow | 699 | 600 | -331 | 521 | -1,170 | -624 | 122 | -118 | 69.0 | -302 | 845 | 959 |
| Levered free cash flow | — | -514 | -76.5 | 164 | -223 | -623 | 254 | -31.5 | -56.9 | -168 | 1,008 | 1,227 |