Dow Inc. (DOW) financials
Dow revenue and earnings by year
Dow's revenue was $40.0 billion in the fiscal year to December 31, 2025, down 7.0% from the year before. Net income was -$2.62 billion, -6.6% of revenue. Since the fiscal year to December 31, 2016, revenue has shrunk 2.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 40.0 | 43.0 | 44.6 | 56.9 | 55.0 | 38.5 | 43.0 | 49.6 | 43.7 | 48.2 |
| Revenue growth | -7.0% | -3.7% | -21.6% | 3.5% | 42.6% | -10.3% | -13.4% | 13.4% | -9.2% | — |
| Gross profit | 2.5 | 4.6 | 4.9 | 8.6 | 10.8 | 5.2 | 6.3 | 8.5 | 7.4 | 10.5 |
| Gross margin | 6.3% | 10.7% | 10.9% | 15.1% | 19.6% | 13.5% | 14.7% | 17.2% | 16.9% | 21.8% |
| Operating income | -1.6 | 2.2 | 1.3 | 6.3 | 7.8 | 2.9 | -0.3 | 4.2 | 0.7 | 4.8 |
| Operating margin | -3.9% | 5.2% | 2.9% | 11.1% | 14.3% | 7.5% | -0.7% | 8.4% | 1.6% | 10.0% |
| Net income | -2.6 | 1.1 | 0.6 | 4.6 | 6.3 | 1.2 | -1.4 | 4.6 | 0.5 | 4.3 |
| Net margin | -6.6% | 2.6% | 1.3% | 8.1% | 11.5% | 3.2% | -3.2% | 9.4% | 1.1% | 9.0% |
| Diluted EPS | -$3.70 | $1.57 | $0.82 | $6.28 | $8.38 | $1.64 | -$1.84 | — | — | — |
| Free cash flow | -1.6 | -0.2 | 2.6 | 5.5 | 4.7 | 5.0 | 3.9 | 2.0 | -8.0 | -6.9 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open DOW in Markets.
See also: DOW valuation and P/E history · DOW returns
No forecast, no recommendation. This page describes Dow Inc. from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.