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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 12,092 | 9,794 | 9,460 | 9,973 | 10,104 | 10,431 | 10,405 | 10,879 | 10,915 | 10,765 | 10,621 | 10,730 |
| Cost of revenue | 9,925 | 9,154 | 8,912 | 9,242 | 9,521 | 9,760 | 9,395 | 9,809 | 9,591 | 9,488 | 9,646 | 9,592 |
| Gross profit | 2,167 | 640 | 548 | 731 | 583 | 671 | 1,010 | 1,070 | 1,324 | 1,277 | 975 | 1,138 |
| Selling, general and administrative | 518 | 412 | 626 | 304 | 311 | 328 | 272 | 335 | 329 | 381 | 339 | 283 |
| Research and development | 207 | 181 | 173 | 191 | 188 | 200 | 202 | 208 | 196 | 204 | 213 | 197 |
| Operating income | 1,402 | 1.0 | -297 | 190 | 21.0 | 67.0 | 460 | 451 | 722 | 611 | 342 | 577 |
| EBIT | 1,402 | 1.0 | -297 | 190 | 21.0 | 67.0 | 460 | 451 | 722 | 611 | 342 | 577 |
| EBITDA | 2,066 | 720 | 341 | 878 | 745 | 781 | 1,144 | 1,192 | 1,404 | 1,331 | 929 | 1,234 |
| Interest expense | 210 | 219 | 219 | 221 | 209 | 216 | 216 | 199 | 197 | 199 | 197 | 192 |
| Pre-tax income | 871 | -390 | -1,548 | 70.0 | -659 | -374 | 219 | 324 | 608 | 449 | -352 | 417 |
| Income tax | 69.0 | 55.0 | -71.0 | -54.0 | 142 | -84.0 | 254 | 84.0 | 150 | -89.0 | -257 | 90.0 |
| Net income | 721 | -533 | -1,543 | 62.0 | -835 | -307 | -53.0 | 214 | 439 | 516 | -105 | 302 |
| Net income to common shareholders | 715 | -531 | -1,545 | 60.0 | -839 | -310 | -56.0 | 211 | 436 | 513 | -108 | 300 |
| Basic EPS | 0.99 | -0.74 | -2.15 | 0.08 | -1.18 | -0.44 | -0.08 | 0.30 | 0.62 | 0.73 | -0.15 | 0.43 |
| Diluted EPS | 0.99 | -0.74 | -2.15 | 0.08 | -1.18 | -0.44 | -0.08 | 0.30 | 0.62 | 0.73 | -0.15 | 0.42 |
| Average shares (basic) | 724 | 721 | 718 | 712 | 710 | 707 | 705 | 702 | 704 | 705 | 704 | 704 |
| Average shares (diluted) | 725 | 721 | 718 | 713 | 710 | 707 | 705 | 704 | 705 | 706 | 704 | 708 |
| Dividend per share | 0.35 | 0.35 | 0.35 | 0.35 | 0.70 | 0.70 | 0.70 | 0.70 | 0.70 | 0.70 | 0.70 | 0.70 |