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Side-by-side financial comparison of Dow Inc. (DOW) and TE Connectivity (TEL). Click either name above to swap in a different company.

Dow Inc. is the larger business by last-quarter revenue ($9.5B vs $4.7B, roughly 2.0× TE Connectivity). On growth, TE Connectivity posted the faster year-over-year revenue change (14.5% vs -9.3%). Over the past eight quarters, TE Connectivity's revenue compounded faster (9.2% 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.

TE Connectivity plc is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.

DOW vs TEL — Head-to-Head

Bigger by revenue
DOW
DOW
2.0× larger
DOW
$9.5B
$4.7B
TEL
Growing faster (revenue YoY)
TEL
TEL
+23.8% gap
TEL
14.5%
-9.3%
DOW
Faster 2-yr revenue CAGR
TEL
TEL
Annualised
TEL
9.2%
-6.9%
DOW

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
DOW
DOW
TEL
TEL
Revenue
$9.5B
$4.7B
Net Profit
$855.0M
Gross Margin
5.8%
36.8%
Operating Margin
20.1%
Net Margin
18.0%
Revenue YoY
-9.3%
14.5%
Net Profit YoY
58.0%
EPS (diluted)
$-2.16
$2.90

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.

Revenue
DOW
DOW
TEL
TEL
Q1 26
$9.5B
$4.7B
Q4 25
$9.5B
$4.7B
Q3 25
$10.0B
$4.7B
Q2 25
$10.1B
$4.5B
Q1 25
$10.4B
$4.1B
Q4 24
$10.4B
$3.8B
Q3 24
$10.9B
$4.1B
Q2 24
$10.9B
$4.0B
Net Profit
DOW
DOW
TEL
TEL
Q1 26
$855.0M
Q4 25
$-1.5B
$750.0M
Q3 25
$62.0M
$663.0M
Q2 25
$-835.0M
$638.0M
Q1 25
$-307.0M
$13.0M
Q4 24
$-35.0M
$528.0M
Q3 24
$214.0M
$276.0M
Q2 24
$439.0M
$573.0M
Gross Margin
DOW
DOW
TEL
TEL
Q1 26
5.8%
36.8%
Q4 25
5.8%
37.2%
Q3 25
7.3%
35.0%
Q2 25
5.8%
35.3%
Q1 25
6.4%
35.2%
Q4 24
9.0%
35.5%
Q3 24
9.8%
34.0%
Q2 24
12.1%
34.8%
Operating Margin
DOW
DOW
TEL
TEL
Q1 26
20.1%
Q4 25
-16.4%
20.6%
Q3 25
0.7%
19.3%
Q2 25
-6.5%
18.9%
Q1 25
-3.6%
18.1%
Q4 24
2.1%
18.0%
Q3 24
3.0%
16.0%
Q2 24
5.6%
19.0%
Net Margin
DOW
DOW
TEL
TEL
Q1 26
18.0%
Q4 25
-15.6%
16.1%
Q3 25
0.6%
14.0%
Q2 25
-8.3%
14.1%
Q1 25
-2.9%
0.3%
Q4 24
-0.3%
13.8%
Q3 24
2.0%
6.8%
Q2 24
4.0%
14.4%
EPS (diluted)
DOW
DOW
TEL
TEL
Q1 26
$-2.16
$2.90
Q4 25
$-2.16
$2.53
Q3 25
$0.08
$2.23
Q2 25
$-1.18
$2.14
Q1 25
$-0.44
$0.04
Q4 24
$-0.08
$1.75
Q3 24
$0.30
$0.96
Q2 24
$0.62
$1.86

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOW
DOW
TEL
TEL
Cash + ST InvestmentsLiquidity on hand
$3.8B
$1.1B
Total DebtLower is stronger
$17.8B
$5.7B
Stockholders' EquityBook value
$16.0B
$13.2B
Total Assets
$58.5B
$25.7B
Debt / EquityLower = less leverage
1.12×
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOW
DOW
TEL
TEL
Q1 26
$3.8B
$1.1B
Q4 25
$3.8B
$1.3B
Q3 25
$4.6B
$1.3B
Q2 25
$2.4B
$672.0M
Q1 25
$1.5B
$2.6B
Q4 24
$2.2B
$1.3B
Q3 24
$2.9B
$1.3B
Q2 24
$3.3B
$1.5B
Total Debt
DOW
DOW
TEL
TEL
Q1 26
$17.8B
$5.7B
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
Stockholders' Equity
DOW
DOW
TEL
TEL
Q1 26
$16.0B
$13.2B
Q4 25
$16.0B
$13.0B
Q3 25
$17.5B
$12.6B
Q2 25
$17.2B
$12.4B
Q1 25
$16.8B
$12.1B
Q4 24
$17.4B
$12.4B
Q3 24
$18.3B
$12.4B
Q2 24
$18.3B
$12.6B
Total Assets
DOW
DOW
TEL
TEL
Q1 26
$58.5B
$25.7B
Q4 25
$58.5B
$25.6B
Q3 25
$61.0B
$25.1B
Q2 25
$59.0B
$24.9B
Q1 25
$57.5B
$23.7B
Q4 24
$57.3B
$22.4B
Q3 24
$59.4B
$22.9B
Q2 24
$58.5B
$22.9B
Debt / Equity
DOW
DOW
TEL
TEL
Q1 26
1.12×
0.43×
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOW
DOW
TEL
TEL
Operating Cash FlowLast quarter
$947.0M
Free Cash FlowOCF − Capex
$680.0M
FCF MarginFCF / Revenue
14.3%
Capex IntensityCapex / Revenue
5.7%
Cash ConversionOCF / Net Profit
1.11×
TTM Free Cash FlowTrailing 4 quarters
$3.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOW
DOW
TEL
TEL
Q1 26
$947.0M
Q4 25
$284.0M
$865.0M
Q3 25
$1.1B
$1.4B
Q2 25
$-470.0M
$1.2B
Q1 25
$91.0M
$653.0M
Q4 24
$814.0M
$878.0M
Q3 24
$800.0M
$1.0B
Q2 24
$836.0M
$1.0B
Free Cash Flow
DOW
DOW
TEL
TEL
Q1 26
$680.0M
Q4 25
$-284.0M
$607.0M
Q3 25
$563.0M
$1.1B
Q2 25
$-1.1B
$957.0M
Q1 25
$-594.0M
$423.0M
Q4 24
$47.0M
$673.0M
Q3 24
$64.0M
$829.0M
Q2 24
$113.0M
$857.0M
FCF Margin
DOW
DOW
TEL
TEL
Q1 26
14.3%
Q4 25
-3.0%
13.0%
Q3 25
5.6%
24.2%
Q2 25
-11.2%
21.1%
Q1 25
-5.7%
10.2%
Q4 24
0.5%
17.5%
Q3 24
0.6%
20.4%
Q2 24
1.0%
21.5%
Capex Intensity
DOW
DOW
TEL
TEL
Q1 26
5.7%
Q4 25
6.0%
5.5%
Q3 25
5.7%
5.7%
Q2 25
6.6%
5.1%
Q1 25
6.6%
5.6%
Q4 24
7.4%
5.3%
Q3 24
6.8%
5.2%
Q2 24
6.6%
3.7%
Cash Conversion
DOW
DOW
TEL
TEL
Q1 26
1.11×
Q4 25
1.15×
Q3 25
18.18×
2.14×
Q2 25
1.86×
Q1 25
50.23×
Q4 24
1.66×
Q3 24
3.74×
3.78×
Q2 24
1.90×
1.76×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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