Tearsheet

Dow (DOW)

Market Price (9/14/2025): $25.01 | Market Cap: $17.7 Bil
Sector: Materials | Industry: Commodity Chemicals

Dow (DOW)

Market Price (9/14/2025): $25.01
Market Cap: $17.7 Bil
Sector: Materials
Industry: Commodity Chemicals

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%, Dividend Yield is 11%	Weak multi-year price returns 2Y Excs Rtn is -95%, 3Y Excs Rtn is -104%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 88%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -32%		Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 51x
2	Low stock price volatility Vol 12M is 44%		Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%, Rev Chg QQuarterly Revenue Change % is -7.4%
3			Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.2%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%, Dividend Yield is 11%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -32%
2	Low stock price volatility Vol 12M is 44%
3	Weak multi-year price returns 2Y Excs Rtn is -95%, 3Y Excs Rtn is -104%
4	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 88%
5	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 51x
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%, Rev Chg QQuarterly Revenue Change % is -7.4%
7	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.2%

Market Valuation

	9/14/25	2024	2023	2022	2021
Share Price CYE	$25.01	$37.89	$49.08	$42.79	$45.83
Market Cap CYE ($ Bil)	17.7	26.7	34.5	30.3	33.8
Total Debt ($ Bil)	18.1	17.6	16.4	16.7	16.1
Total Cash ($ Bil)	2.4	2.2	3.0	3.9	3.0
Enterprise Value ($ Bil)	33.4	44.3	50.9	47.0	49.9
Valuation Ratios
P/S TTM	0.4	0.7	0.9	0.6	0.8
P/EBIT TTM	50.7	11.7	27.6	5.4	4.8
P/E TTM	-18.1	25.3	65.7	7.9	6.7
Sector Ratios
P/S TTM (Sector)	1.6	1.3	1.4	1.2	1.6
P/EBIT TTM (Sector)	7.2	6.3	6.6	4.7	5.7
P/E TTM (Sector)	4.4	5.5	7.0	4.6	7.3

	9/14/25	2024	2023
Share Price CYE	$25.01	$37.89	$49.08
Market Cap CYE ($ Bil)	17.7	26.7	34.5
Total Debt ($ Bil)	18.1	17.6	16.4
Total Cash ($ Bil)	2.4	2.2	3.0
Enterprise Value ($ Bil)	33.4	44.3	50.9
Valuation Ratios
P/S TTM	0.4	0.7	0.9
P/EBIT TTM	50.7	11.7	27.6
P/E TTM	-18.1	25.3	65.7
Sector Ratios
P/S TTM (Sector)	1.6	1.3	1.4
P/EBIT TTM (Sector)	7.2	6.3	6.6
P/E TTM (Sector)	4.4	5.5	7.0

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Dow Inc. provides various materials science solutions for consumer care, infrastructure, and packaging markets in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. It operates through Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials and Coatings segments. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
DOW Return	8%	7%	-7%	15%	-23%	-34%	-37%
Peers Return	16%	25%	-19%	14%	-13%	-18%	-5%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: APD, DD, EMN, CE, HUN. See DOW Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Dow Earnings Notes
2	DOW's One-Week Rally Offers a Chance to Reevaluate UNH	Counter-Intuitive Comparisons
3	After DOW's 10% Climb in a Week, NEM Looks Like the Stronger Long-Term Play	Counter-Intuitive Comparisons
4	DOW's 10% One Week Pop Begs The Question: Is ASIX Better Instead?	Counter-Intuitive Comparisons
5	How Does DOW Stack Up Against Its Peers?	Peer Comparison
6	DOW Rallied 11% In A Month. Have You Fully Evaluated The Risk?	Return
7	Better Bet Than DOW Stock: Pay Less Than Dow To Get More From GOOGL, TMUS
8	Better Bet Than DOW Stock: Pay Less Than Dow To Get More From SCCO, ATR
9	Why Dow Stock Moved: DOW Stock Has Lost 49% Since 2023 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)
10	Day 5 of Loss Streak for Dow Stock with -16% Return (vs. -44% YTD) [8/4/2025]	Notification
11	ARTICLES
12	DOW Dropped 23% In A Month. Have You Fully Evaluated The Risk?		August 13th, 2025
13	S&P 500 Stocks Trading At 52-Week Low		August 7th, 2025
14	S&P 500 Stocks Trading At 52-Week Low		August 5th, 2025
15	DOW Stock Down -16% after 5-Day Loss Streak		August 5th, 2025
16	DOW Lost 21% In A Week. Do You Buy Or Wait?		July 31st, 2025

	Title
0	DASHBOARDS
1	DOW Dropped 23% In A Month. Have You Fully Evaluated The Risk?
2	S&P 500 Stocks Trading At 52-Week Low
3	S&P 500 Stocks Trading At 52-Week Low
4	DOW Stock Down -16% after 5-Day Loss Streak
5	DOW Lost 21% In A Week. Do You Buy Or Wait?
6	ARTICLES
7	Dow Earnings Notes
8	DOW's One-Week Rally Offers a Chance to Reevaluate UNH
9	After DOW's 10% Climb in a Week, NEM Looks Like the Stronger Long-Term Play
10	DOW's 10% One Week Pop Begs The Question: Is ASIX Better Instead?
11	How Does DOW Stack Up Against Its Peers?
12	DOW Rallied 11% In A Month. Have You Fully Evaluated The Risk?
13	Better Bet Than DOW Stock: Pay Less Than Dow To Get More From GOOGL, TMUS
14	Better Bet Than DOW Stock: Pay Less Than Dow To Get More From SCCO, ATR
15	Why Dow Stock Moved: DOW Stock Has Lost 49% Since 2023 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)
16	Day 5 of Loss Streak for Dow Stock with -16% Return (vs. -44% YTD) [8/4/2025]

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11249.2%	11249.2%
2	GIBO	GIBO	7400.0%
3	LNZA	LanzaTech Global	4710.5%	-85.8%
4	CHSN	Chanson International	3717.0%	-99.3%
5	QMMM	QMMM	2669.4%	5698.4%
6	VTAK	Catheter Precision	1332.7%	-71.4%
7	CURX	Curanex Pharmaceuticals	1309.0%	1309.0%
8	OCTO	Eightco	811.9%	562.1%
9	WLDS	Wearable Devices	708.6%	8.0%
10	PTNM	Pitanium	423.7%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-93.4%	-100.0%
2	ETS	Elite Express	-92.8%	-92.8%
3	CJET	Chijet Motor	-92.7%	-94.6%
4	ELPW	Elong Power	-91.7%	-75.8%
5	STFS	Star Fashion Culture	-91.4%	-97.8%
6	JEM	707 Cayman	-90.4%	-98.0%
7	FLYE	Fly-E	-90.4%	-82.8%
8	NXTT	Next Technology	-89.3%	-93.8%
9	NUTR	NusaTrip	-87.2%	-87.2%
10	CUPR	Cuprina	-84.3%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

Peer Comparisons for Dow

Financials

	DOW	APD	DD	EMN	CE	HUN	Median
Name	Dow	Air Prod.	DuPont d.	Eastman .	Celanese	Huntsman
Mkt Price	25.01	293.41	77.40	67.38	45.50	10.88	56.44
Mkt Cap	17.7	65.4	32.4	7.7	5.0	1.9	12.7
Rev LTM	41,819	12,021	12,607	9,286	9,939	5,860	10,980
Op Inc LTM	708	2,891	2,025	1,337	932	5	1,134
FCF LTM	-1,740	-4,333	1,108	406	632	134	270
FCF 3Y Avg	1,192	-2,336	693	453	947	152	573
CFO LTM	1,235	3,358	2,064	1,002	1,020	299	1,128
CFO 3Y Avg	3,916	3,306	2,013	1,147	1,440	362	1,726

Growth & Margins

	DOW	APD	DD	EMN	CE	HUN	Median
Name	Dow	Air Prod.	DuPont d.	Eastman .	Celanese	Huntsman
Rev Chg LTM	-2.8%	-1.1%	4.6%	1.5%	-5.8%	-1.6%	-1.3%
Rev Chg 3Y Avg	-11.2%	2.3%	-1.0%	-5.1%	1.4%	-11.6%	-3.1%
Rev Chg Q	-7.4%	-0.5%	2.7%	-3.2%	-4.5%	-7.4%	-3.9%
QoQ Delta Rev Chg LTM	-1.9%	-0.1%	0.7%	-0.8%	-1.2%	-1.9%	-1.0%
Op Mgn LTM	1.7%	24.1%	16.1%	14.4%	9.4%	0.1%	11.9%
Op Mgn 3Y Avg	4.1%	22.4%	15.1%	12.7%	9.9%	1.8%	11.3%
QoQ Delta Op Mgn LTM	-1.6%	-0.5%	0.3%	-0.7%	-0.5%	-0.6%	-0.6%
CFO/Rev LTM	3.0%	27.9%	16.4%	10.8%	10.3%	5.1%	10.5%
CFO/Rev 3Y Avg	8.6%	26.6%	16.3%	12.2%	14.0%	5.8%	13.1%
FCF/Rev LTM	-4.2%	-36.0%	8.8%	4.4%	6.4%	2.3%	3.3%
FCF/Rev 3Y Avg	2.4%	-19.3%	5.5%	4.8%	9.2%	2.4%	3.6%

Valuation

	DOW	APD	DD	EMN	CE	HUN	Median
Name	Dow	Air Prod.	DuPont d.	Eastman .	Celanese	Huntsman
Mkt Cap	17.7	65.4	32.4	7.7	5.0	1.9	12.7
P/S	0.4	5.4	2.6	0.8	0.5	0.3	0.7
P/EBIT	50.7	31.3	38.4	6.4	-9.5	-23.8	18.8
P/E	-18.1	42.6	-167.1	9.3	-3.1	-5.6	-4.3
P/CFO	14.4	19.5	15.7	7.7	4.9	6.3	11.1
Total Yield	5.6%	4.8%	1.4%	13.2%	-29.3%	-8.7%	3.1%
Dividend Yield	11.1%	2.4%	2.0%	2.5%	3.2%	9.2%	2.8%
FCF Yield 3Y Avg	1.6%	-3.8%	2.3%	4.5%	8.9%	4.8%	3.4%
D/E	1.0	0.3	0.2	0.7	2.7	1.3	0.8
Net D/E	0.9	0.2	0.2	0.6	2.4	1.1	0.7

Returns

	DOW	APD	DD	EMN	CE	HUN	Median
Name	Dow	Air Prod.	DuPont d.	Eastman .	Celanese	Huntsman
1M Rtn	8.7%	0.8%	6.3%	2.4%	7.3%	8.9%	6.8%
3M Rtn	-15.0%	5.1%	16.2%	-11.9%	-16.5%	0.0%	-5.9%
6M Rtn	-29.6%	1.6%	1.4%	-25.5%	-20.0%	-35.6%	-22.7%
12M Rtn	-46.3%	5.6%	-3.1%	-32.5%	-62.7%	-48.1%	-39.4%
3Y Rtn	-36.2%	27.1%	48.9%	-8.6%	-55.1%	-53.4%	-22.4%
1M Excs Rtn	9.0%	-2.3%	3.2%	-0.9%	7.3%	5.7%	4.4%
3M Excs Rtn	-24.6%	-4.9%	4.6%	-22.9%	-28.7%	-16.5%	-19.7%
6M Excs Rtn	-47.4%	-18.0%	-14.9%	-43.6%	-33.3%	-52.5%	-38.4%
12M Excs Rtn	-66.8%	-10.8%	-20.6%	-48.9%	-81.3%	-65.4%	-57.1%
3Y Excs Rtn	-104.4%	-41.0%	-19.5%	-83.5%	-121.8%	-118.7%	-93.9%

Comparison Analyses

	Title
0	How Does DOW Stack Up Against Its Peers?
1	Dow vs. Air Products & Chemicals: Both Seem Similar Bets
2	DOW Looks Stronger Than CE With 6.2% Return Potential
3	Dow vs. DuPont: With Return Forecast Of 158%, DuPont Is A Better Bet
4	HUN Could Deliver 6.8% Returns And Outperform DOW
5	EMN Looks Stronger Than DOW With 13% Return Potential
6	ABT or DOW - With 6.2% Return Forecast, DOW Probably Deserves Your Money
7	Dow vs. Costco: With Return Forecast Of 5%, Dow Is A Better Bet
8	TSLA or DOW - With 6.2% Return Forecast, DOW Probably Deserves Your Money
9	Dow Inc. vs DocuSign: Similar Market Cap; Which Stock Is A Better Bet?

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End		12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date		2/4/2025	1/31/2024	2/1/2023	2/4/2022	2/5/2021	2/7/2020
Key Financials
Total Revenue	41,819	42,964	44,622	56,902	54,968	38,542	42,951
Ebitda	3,280	5,305	4,013	9,510	11,718	5,772	2,624
Operating Income	708	1,905	2,100	5,702	7,887	2,556	3,520
Net Income	-981	1,116	589	4,582	6,311	1,225	-1,359
EPS	-1.40	1.57	0.82	6.32	8.44	1.64	-1.84
Growth Rates
Total Revenue Growth	-2.8%	-3.7%	-21.6%	3.5%	42.6%	-10.3%	-13.4%
EBITDA Growth	-29.1%	32.2%	-57.8%	-18.8%	103.0%	120.0%	-66.0%
Operating Income Growth	-63.9%	-9.3%	-63.2%	-27.7%	208.6%	-27.4%	-35.8%
Net Income Growth	-185.2%	89.5%	-87.1%	-27.4%	415.2%	190.1%	-129.3%
Margins
EBITDA Margin	7.8%	12.3%	9.0%	16.7%	21.3%	15.0%	6.1%
Operating Income Margin	1.7%	4.4%	4.7%	10.0%	14.3%	6.6%	8.2%
Net Income Margin	-2.3%	2.6%	1.3%	8.1%	11.5%	3.2%	-3.2%
Cash & Debt
Total Cash	2,399	2,189	2,987	3,886	2,988	5,104	2,388
Total Debt	18,103	17,645	16,447	16,706	16,135	19,044	19,156
Net Debt / (Cash)	15,704	15,456	13,460	12,820	13,147	13,940	16,768
Cash Flows
Net Cash from Operations	1,235	2,914	5,196	7,475	7,009	6,226	5,930
Free Cash from Operations	-1,740	-151	2,719	5,417	4,685	4,839	3,960
Returns to Shareholders
Dividends	1,972	1,966	1,972	2,006	2,073	2,071	2,085
Share Repurchases	94	494	625	2,325	1,000	125	500

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	7/25/2025	4/25/2025	2/4/2025	10/25/2024	7/26/2024	4/26/2024	1/31/2024	10/25/2023	7/26/2023	4/26/2023	2/1/2023	10/21/2022
Key Financials Quarterly
Total Revenue	10,104	10,431	10,405	10,879	10,915	10,765	10,621	10,730	11,420	11,851	11,859	14,115
Ebitda	274	556	1,186	1,264	1,487	1,368	502	1,266	1,532	713	1,694	1,824
Operating Income	-15	29	304	390	661	550	270	480	851	499	512	1,104
Net Income	-835	-307	-53	214	439	516	-105	302	485	-93	613	739
EPS	-1.18	-0.44	-0.08	0.30	0.62	0.73	-0.15	0.43	0.68	-0.13	0.86	1.03
Key Financials TTM
Total Revenue TTM	41,819	42,630	42,964	43,180	43,031	43,536	44,622	45,860	49,245	53,489	56,902	59,407
Ebitda TTM	3,280	4,493	5,305	4,621	4,623	4,668	4,013	5,205	5,763	7,249	9,510	10,759
Operating Income TTM	708	1,384	1,905	1,871	1,961	2,151	2,100	2,342	2,966	4,143	5,702	7,028
Net Income TTM	-981	293	1,116	1,064	1,152	1,198	589	1,307	1,744	2,920	4,582	5,705
Growth Rates Quarterly
Total Revenue Growth	-7.4%	-3.1%	-2.0%	1.4%	-4.4%	-9.2%	-10.4%	-24.0%	-27.1%	-22.4%	-17.4%	-4.9%
EBITDA Growth	-81.6%	-59.4%	136.3%	-0.2%	-2.9%	91.9%	-70.4%	-30.6%	-49.2%	-76.0%	-42.4%	-42.1%
Operating Income Growth	-102.3%	-94.7%	12.6%	-18.8%	-22.3%	10.2%	-47.3%	-56.5%	-58.0%	-75.8%	-72.1%	-56.1%
Net Income Growth	-290.2%	-159.5%	49.5%	-29.1%	-9.5%	654.8%	-117.1%	-59.1%	-70.8%	-105.9%	-64.7%	-56.1%
Margins Quarterly
EBITDA Margin	2.7%	5.3%	11.4%	11.6%	13.6%	12.7%	4.7%	11.8%	13.4%	6.0%	14.3%	12.9%
Operating Income Margin	-0.1%	0.3%	2.9%	3.6%	6.1%	5.1%	2.5%	4.5%	7.5%	4.2%	4.3%	7.8%
Net Income Margin	-8.3%	-2.9%	-0.5%	2.0%	4.0%	4.8%	-1.0%	2.8%	4.2%	-0.8%	5.2%	5.2%
Cash & Debt
Total Cash	2,399	1,465	2,189	2,883	3,341	3,723	2,987	3,080	2,924	3,319	3,886	2,216
Total Debt	18,103	17,921	17,645	17,910	17,721	17,738	16,447	16,270	16,297	16,575	16,706	14,759
Net Debt / (Cash)	15,704	16,456	15,456	15,027	14,380	14,015	13,460	13,190	13,373	13,256	12,820	12,543
Cash Flows Quarterly
FCF from Operations	-470	91	814	800	836	464	1,656	1,658	1,347	535	2,078	1,940
Cash Flows TTM
FCF from Operations TTM	1,235	2,541	2,914	3,756	4,614	5,125	5,196	5,618	5,900	6,407	7,475	7,972
Returns to Shareholders Quarterly
Dividends	496	494	492	490	491	493	491	492	493	496	495	493
Share Repurchases	-0	-0	-0	94	200	200	125	125	250	125	125	800
Return on Invested Capital (ROIC) Quarterly
ROIC	-0.4%	0.5%	7.9%	7.7%	13.9%	15.7%	2.2%	11.4%	17.9%	9.2%	11.9%	26.7%
Return on Invested Capital (ROIC) TTM
ROIC TTM	4.5%	4.0%	9.3%	12.5%	13.6%	15.3%	15.6%	13.3%	16.6%	24.1%	33.9%	43.9%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Packaging & Specialty Plastics	23,149	29,260	28,128	18,301	20,245
Industrial Intermediates & Infrastructure	12,538	16,606	16,851	12,021	13,440
Performance Materials & Coatings	8,497	10,764	9,672	7,951	8,923
Corporate	438	272	317	269	343
Total	44,622	56,902	54,968	38,542	42,951

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
Packaging & Specialty Plastics	28,692	30,017	30,556	30,069	29,522
Performance Materials & Coatings	12,080	13,028	13,810	13,915	14,059
Industrial Intermediates & Infrastructure	11,993	12,883	13,750	12,220	11,753
Corporate	5,202	4,675	4,874	5,266	5,190
Total	57,967	60,603	62,990	61,470	60,524

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$25.04
Market Cap ($ Bil)	17.8
First Trading Date	12/29/2006
Distance from 52W High	-51.3%
	50 Days	200 Days
DMA Price	$24.85	$31.31
DMA Trend	down	down
Distance from DMA	0.8%	-20.0%
	3M	1YR
Volatility	57.0%	44.6%
Downside Capture	0.56	1.07
Upside Capture	-3.55	53.53
Correlation (SPY)	26.3%	55.8%

DOW Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.33	1.85	1.64	1.48	1.27	1.07
Up Beta	0.92	3.35	2.85	1.60	1.48	1.22
Down Beta	3.83	3.43	3.36	1.65	1.38	1.18
Up Capture	116%	-14%	13%	67%	36%	42%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	9	20	29	53	108	364
Down Capture	21%	122%	121%	139%	120%	102%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	11	21	33	71	139	378

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	25,112,364
Short Interest: % Change Since 8152025	-6.9%
Average Daily Volume	11,265,812
Days-to-Cover Short Interest	2.23
Basic Shares Quantity	709,500,000
Short % of Basic Shares	3.5%

Returns Analyses

	Title
0	DOW Rallied 11% In A Month. Have You Fully Evaluated The Risk?
1	Dow Stock Return Comparison
2	[10/7/2021] Dow Inc. (DOW) Stock Price Forecast: AI Forecasts DOW Stock Price To Be Around $59.40 In A Month (Up 1.5%)
3	Dow Total Shareholder Return (TSR): -6.3% in 2022 and 2.3% 3-yr returns (below peer average)

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
7/24/2025	-17.5%	-21.2%	-22.0%
4/24/2025	2.6%	5.5%	-1.1%
1/30/2025	-6.1%	-7.6%	-5.4%
10/24/2024	-1.0%	-4.2%	-13.0%
7/25/2024	-0.9%	2.2%	-1.4%
4/25/2024	-0.9%	0.4%	-0.1%
1/25/2024	3.5%	1.0%	6.2%
10/24/2023	2.1%	0.2%	7.2%
...
SUMMARY STATS
# Positive	11	13	13
# Negative	13	11	11
Median Positive	2.6%	3.6%	6.2%
Median Negative	-2.1%	-4.2%	-3.2%
Max Positive	5.3%	8.0%	14.1%
Max Negative	-17.5%	-21.2%	-22.0%

	Forward Returns
7/24/2025	-17.5%	-21.2%	-22.0%
4/24/2025	2.6%	5.5%	-1.1%
1/30/2025	-6.1%	-7.6%	-5.4%
10/24/2024	-1.0%	-4.2%	-13.0%
7/25/2024	-0.9%	2.2%	-1.4%
4/25/2024	-0.9%	0.4%	-0.1%
1/25/2024	3.5%	1.0%	6.2%
10/24/2023	2.1%	0.2%	7.2%
7/25/2023	1.8%	7.5%	2.4%
4/25/2023	-5.2%	-2.3%	-6.2%
1/26/2023	0.4%	4.0%	-0.2%
10/20/2022	-0.4%	6.3%	11.1%
7/21/2022	-2.2%	-0.6%	6.6%
4/21/2022	2.9%	-0.1%	1.8%
1/27/2022	5.2%	7.8%	5.5%
10/21/2021	-1.1%	-6.5%	-3.2%
7/22/2021	1.3%	3.6%	1.4%
4/22/2021	-6.0%	-2.3%	5.3%
1/28/2021	-0.0%	1.8%	10.3%
10/22/2020	0.6%	-6.9%	14.0%
7/23/2020	-3.4%	-1.8%	-1.5%
4/30/2020	-2.1%	-14.7%	4.9%
1/29/2020	5.3%	1.9%	-14.8%
10/24/2019	4.7%	8.0%	14.1%
SUMMARY STATS
# Positive	11	13	13
# Negative	13	11	11
Median Positive	2.6%	3.6%	6.2%
Median Negative	-2.1%	-4.2%	-3.2%
Max Positive	5.3%	8.0%	14.1%
Max Negative	-17.5%	-21.2%	-22.0%

SEC Filings

Expand for More

Report Date	Filing
6302025	10-Q 6/30/2025
3312025	10-Q 3/31/2025
12312024	10-K 12/31/2024
9302024	10-Q 9/30/2024
6302024	10-Q 6/30/2024
3312024	10-Q 3/31/2024
12312023	10-K 12/31/2023
9302023	10-Q 9/30/2023
6302023	10-Q 6/30/2023
3312023	10-Q 3/31/2023
12312022	10-K 12/31/2022
9302022	10-Q 9/30/2022
6302022	10-Q 6/30/2022
3312022	10-Q 3/31/2022
12312021	10-K 12/31/2021
9302021	10-Q 9/30/2021

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Dial Debra L.		2112025	Buy	38.81	675	26,197	104,787	Form
1	Banister Gaurdie E. JR.		12172024	Buy	40.87	7,339	299,932	446,445	Form
2	Fitterling James R	Chair and CEO	12162024	Buy	41.52	14,200	589,574	10,277,729	Form
3	DAVIS RICHARD K		12162024	Buy	41.45	6,025	249,730	1,783,385	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Dow (DOW)

Market Price (9/14/2025): $25.01 | Market Cap: $17.7 BilSector: Materials | Industry: Commodity Chemicals

Dow (DOW)

Market Price (9/14/2025): $25.01Market Cap: $17.7 BilSector: MaterialsIndustry: Commodity Chemicals

Investment Highlights

Market Valuation

Stock Price Chart

Market Cap Chart

Business Description

Price Returns Compared

Interactive Breakdown

Better Bets than Dow (DOW)

Latest Trefis Analyses

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Dow

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

Financials

Segment Financials

Price Behavior

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (9/14/2025): $25.01 | Market Cap: $17.7 Bil
Sector: Materials | Industry: Commodity Chemicals

Market Price (9/14/2025): $25.01
Market Cap: $17.7 Bil
Sector: Materials
Industry: Commodity Chemicals