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Side-by-side financial comparison of Dow Inc. (DOW) and SMITH MIDLAND CORP (SMID). Click either name above to swap in a different company.
Dow Inc. is the larger business by last-quarter revenue ($9.5B vs $23.1M, roughly 409.3× SMITH MIDLAND CORP). On growth, SMITH MIDLAND CORP posted the faster year-over-year revenue change (24.7% vs -9.3%). Over the past eight quarters, SMITH MIDLAND CORP's revenue compounded faster (17.4% CAGR vs -6.9%).
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.
Smith Midland Corp is a specialized manufacturer of precast concrete products for infrastructure, commercial, residential and industrial construction uses. Its key product lines include highway safety barriers, acoustic sound walls, architectural precast panels, and stormwater management systems, serving primarily the North American market with durable, sustainable construction solutions.
DOW vs SMID — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $9.5B | $23.1M |
| Net Profit | — | $2.1M |
| Gross Margin | 5.8% | 57.5% |
| Operating Margin | — | 37.8% |
| Net Margin | — | 9.2% |
| Revenue YoY | -9.3% | 24.7% |
| Net Profit YoY | — | 52.5% |
| EPS (diluted) | $-2.16 | $0.41 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $9.5B | — | ||
| Q4 25 | $9.5B | $23.1M | ||
| Q3 25 | $10.0B | $21.5M | ||
| Q2 25 | $10.1B | $26.2M | ||
| Q1 25 | $10.4B | $22.7M | ||
| Q4 24 | $10.4B | $18.5M | ||
| Q3 24 | $10.9B | $23.6M | ||
| Q2 24 | $10.9B | $19.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.5B | $2.1M | ||
| Q3 25 | $62.0M | $2.9M | ||
| Q2 25 | $-835.0M | $4.2M | ||
| Q1 25 | $-307.0M | $3.3M | ||
| Q4 24 | $-35.0M | $1.4M | ||
| Q3 24 | $214.0M | $3.1M | ||
| Q2 24 | $439.0M | $2.0M |
| Q1 26 | 5.8% | — | ||
| Q4 25 | 5.8% | 57.5% | ||
| Q3 25 | 7.3% | 26.8% | ||
| Q2 25 | 5.8% | 0.0% | ||
| Q1 25 | 6.4% | 30.7% | ||
| Q4 24 | 9.0% | 51.4% | ||
| Q3 24 | 9.8% | 27.9% | ||
| Q2 24 | 12.1% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | -16.4% | 37.8% | ||
| Q3 25 | 0.7% | 18.0% | ||
| Q2 25 | -6.5% | 0.0% | ||
| Q1 25 | -3.6% | 19.3% | ||
| Q4 24 | 2.1% | 24.5% | ||
| Q3 24 | 3.0% | 16.3% | ||
| Q2 24 | 5.6% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | -15.6% | 9.2% | ||
| Q3 25 | 0.6% | 13.4% | ||
| Q2 25 | -8.3% | 15.9% | ||
| Q1 25 | -2.9% | 14.7% | ||
| Q4 24 | -0.3% | 7.5% | ||
| Q3 24 | 2.0% | 13.4% | ||
| Q2 24 | 4.0% | 10.1% |
| Q1 26 | $-2.16 | — | ||
| Q4 25 | $-2.16 | $0.41 | ||
| Q3 25 | $0.08 | $0.54 | ||
| Q2 25 | $-1.18 | $0.79 | ||
| Q1 25 | $-0.44 | $0.62 | ||
| Q4 24 | $-0.08 | $0.28 | ||
| Q3 24 | $0.30 | $0.59 | ||
| Q2 24 | $0.62 | $0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.8B | — |
| Total DebtLower is stronger | $17.8B | — |
| Stockholders' EquityBook value | $16.0B | $54.3M |
| Total Assets | $58.5B | $87.7M |
| Debt / EquityLower = less leverage | 1.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $4.6B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $3.3B | — |
| Q1 26 | $17.8B | — | ||
| Q4 25 | $17.8B | — | ||
| Q3 25 | $17.7B | — | ||
| Q2 25 | $16.2B | — | ||
| Q1 25 | $15.9B | — | ||
| Q4 24 | $15.7B | — | ||
| Q3 24 | $16.2B | — | ||
| Q2 24 | $16.0B | — |
| Q1 26 | $16.0B | — | ||
| Q4 25 | $16.0B | $54.3M | ||
| Q3 25 | $17.5B | $52.1M | ||
| Q2 25 | $17.2B | $49.2M | ||
| Q1 25 | $16.8B | $45.1M | ||
| Q4 24 | $17.4B | $41.7M | ||
| Q3 24 | $18.3B | $40.3M | ||
| Q2 24 | $18.3B | $37.2M |
| Q1 26 | $58.5B | — | ||
| Q4 25 | $58.5B | $87.7M | ||
| Q3 25 | $61.0B | $85.4M | ||
| Q2 25 | $59.0B | $81.2K | ||
| Q1 25 | $57.5B | $74.7M | ||
| Q4 24 | $57.3B | $68.0M | ||
| Q3 24 | $59.4B | $66.6M | ||
| Q2 24 | $58.5B | $64.0M |
| Q1 26 | 1.12× | — | ||
| Q4 25 | 1.12× | — | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 0.87× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DOW
Segment breakdown not available.
SMID
| Product Sales | $13.8M | 60% |
| Service Revenue | $9.3M | 40% |
