Dow Inc.DOWEarnings & Financial Report
The Dow Chemical Company is an American multinational corporation headquartered in Midland, Michigan, United States. The company was among the three largest chemical producers in the world in 2021. It is the operating subsidiary of Dow Inc., a publicly traded holding company incorporated under Delaware law.
Revenue
$10.4B
Gross Profit
$671.0M
Operating Profit
$-374.0M
Net Profit
$-307.0M
Gross Margin
6.4%
Operating Margin
-3.6%
Net Margin
-2.9%
YoY Growth
-3.1%
EPS
$-0.44
Dow Inc. Q1 FY2025 Financial Summary
Dow Inc. reported revenue of $10.4B (down 3.1% YoY) for Q1 FY2025, with a net profit of $-307.0M (down 159.5% YoY) (-2.9% margin). Cost of goods sold was $9.8B, operating expenses totaled $1.0B.
Key Financial Metrics
| Total Revenue | $10.4B |
|---|---|
| Net Profit | $-307.0M |
| Gross Margin | 6.4% |
| Operating Margin | -3.6% |
| Report Period | Q1 FY2025 |
Dow Inc. Annual Revenue by Year
Dow Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $40.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $40.0B |
| 2024 | $43.0B |
Dow Inc. Quarterly Revenue & Net Profit History
Dow Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $9.5B | -9.3% | N/A | N/A |
| Q4 FY2025 | $9.5B | -9.1% | $-1.5B | -15.6% |
| Q3 FY2025 | $10.0B | -8.3% | $62.0M | 0.6% |
| Q2 FY2025 | $10.1B | -7.4% | $-835.0M | -8.3% |
| Q1 FY2025 | $10.4B | -3.1% | $-307.0M | -2.9% |
| Q4 FY2024 | $10.4B | -2.0% | $-35.0M | -0.3% |
| Q3 FY2024 | $10.9B | +1.4% | $214.0M | 2.0% |
| Q2 FY2024 | $10.9B | -4.4% | $439.0M | 4.0% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.91B | $10.88B | $10.40B | $10.43B | $10.10B | $9.97B | $9.46B | $9.46B |
| YoY Growth | -4.4% | 1.4% | -2.0% | -3.1% | -7.4% | -8.3% | -9.1% | -9.3% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $58.53B | $59.39B | $57.31B | $57.50B | $58.99B | $60.99B | $58.54B | $58.54B |
| Liabilities | $40.21B | $41.08B | $39.96B | $40.71B | $41.76B | $43.45B | $42.53B | N/A |
| Equity | $18.32B | $18.31B | $17.36B | $16.79B | $17.23B | $17.54B | $16.01B | $16.01B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $836.0M | $800.0M | $814.0M | $91.0M | $-470.0M | $1.13B | $284.0M |