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DOW US​

Dow Inc.(DOW US)

$32.61+0.802.51%Ext:$32.50-0.110.34%(Market Closed · 00:00:02 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Dow Inc. — Company Profile

Dow Inc. is a global leader in materials science, delivering diverse solutions for key industries such as packaging, infrastructure development, mobility, and consumer products. The company's reach extends across numerous regions, including the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. Its operations are structured into three main divisions: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. The Packaging & Specialty Plastics segment is responsible for producing foundational chemicals like ethylene, propylene, and aromatics, along with a range of polymers including polyethylene, polyolefin elastomers, ethylene vinyl acetate, and ethylene propylene diene monomer rubbers. The Industrial Intermediates & Infrastructure segment offers a broad spectrum of products, from ethylene and propylene oxides, propylene glycol, and polyether polyols to aromatic isocyanates and comprehensive polyurethane systems. This division also provides coatings, adhesives, sealants, elastomers, and composite materials, alongside essential chemicals such as caustic soda, ethylene dichloride, and vinyl chloride monomers. Additionally, it supplies specialized products like cellulose ethers, redispersible latex powders, and acrylic emulsions. The Performance Materials & Coatings division focuses on architectural and industrial paint and coating solutions, catering to diverse applications including maintenance, protective finishes, wood, metal packaging, traffic markings, thermal paper, and leather goods. This segment also develops high-performance silicones, specialty materials, and the necessary feedstocks and intermediates for silicone production. In addition to its core materials science endeavors, Dow Inc. also engages in the property and casualty insurance, and reinsurance businesses. The company was founded in 2018 and is headquartered in Midland, Michigan.

Sector
Materials
Industry
Chemicals
Exchange
UN
CEO
Karen S. Carter
Headquarters
Midland, MI, US
IPO Date
Mar 20, 2019
Employees
32,800
Website
www.dow.com

Key Metrics

Price
$27.97
Market Cap
$20.20B
Revenue (TTM)
$9.79B
Net Income (TTM)
$-445000000.00
EPS (TTM)
-0.74
P/E (TTM)
-7.32
P/B (TTM)
1.32
Dividend Yield
4.15%
ROE (TTM)
-2.92%
ROA (TTM)
-0.74%
Operating Margin
-0.32%
Beta
0.36

Dividends

Last Dividend
$0.35
Last Yield
0.04%

Summary

Dow Inc. is a global leader in materials science, delivering diverse solutions for key industries such as packaging, infrastructure development, mobility, and consumer products. The company's reach extends across numerous regions, including the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. Its operations are structured into three main divisions: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. The Packaging & Specialty Plastics segment is responsible for producing foundational chemicals like ethylene, propylene, and aromatics, along with a range of polymers including polyethylene, polyolefin elastomers, ethylene vinyl acetate, and ethylene propylene diene monomer rubbers. The Industrial Intermediates & Infrastructure segment offers a broad spectrum of products, from ethylene and propylene oxides, propylene glycol, and polyether polyols to aromatic isocyanates and comprehensive polyurethane systems. This division also provides coatings, adhesives, sealants, elastomers, and composite materials, alongside essential chemicals such as caustic soda, ethylene dichloride, and vinyl chloride monomers. Additionally, it supplies specialized products like cellulose ethers, redispersible latex powders, and acrylic emulsions. The Performance Materials & Coatings division focuses on architectural and industrial paint and coating solutions, catering to diverse applications including maintenance, protective finishes, wood, metal packaging, traffic markings, thermal paper, and leather goods. This segment also develops high-performance silicones, specialty materials, and the necessary feedstocks and intermediates for silicone production. In addition to its core materials science endeavors, Dow Inc. also engages in the property and casualty insurance, and reinsurance businesses. The company was founded in 2018 and is headquartered in Midland, Michigan.

Website
www.dow.com
Location
Midland, MI, US
Phone989 636 1000
Employees32,800
CEOKaren S. Carter
Sector
Materials
Industry
Chemicals
IPO DateMar 20, 2019

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Latest Documents

SEC Filings(661)

Expand
  • 3Initial statement of beneficial ownership23 Oct
  • 10-QQ3ended 30 Sept 202623 Oct
  • 8-KResults of Operations and Financial Condition22 Oct
  • 144ten Bruggencate Marco10 Sep
  • 3Initial statement of beneficial ownership14 Aug
  • SC 13GDOW INC.7 Aug
  • 10-QQ2ended 30 Jun 202624 Jul
  • 8-KResults of Operations and Financial Condition23 Jul
  • 8-KOther Events10 Jul
  • 424B5Prospectus filing (Rule 424(b)(5))10 Jul
  • 4Statement of changes in beneficial ownership6 Jul
  • 8-K/ADeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers6 Jul
  • 11-KAnnual report (employee stock purchase/savings/profit sharing plans)16 Jun
  • SDSD20 May
  • 4/AStatement of changes in beneficial ownership (amendment)1 May
  • SC 13GDOW INC.29 Apr
  • S-8Registration statement (employee benefit plan)24 Apr
  • 10-QQ1ended 31 Mar 202624 Apr
  • 8-KResults of Operations and Financial Condition23 Apr
  • 8-KPress Information2211 H. H. Dow WayMidland, MI 48674dow.com14 Apr

News

  • Dow Analysts Increase Their Forecasts Following Better-Than-Expected Q3 Earnings23 Oct
  • Dow Tumbles Over 500 Points; American Express Shares Fall After Q3 Results23 Oct
  • Dow: More Than A Supply Shock, Still A Buy23 Oct
  • Dow Inc. (DOW) Q3 2026 Earnings Call Transcript22 Oct
  • Dow: Iran Margin Benefits Can Endure22 Oct
  • DOW Q3 Earnings Beat Estimates on Pricing Gains and Cost Actions22 Oct
  • Compared to Estimates, Dow Inc. (DOW) Q3 Earnings: A Look at Key Metrics22 Oct
  • Dow Inc. (DOW) Q3 Earnings and Revenues Beat Estimates22 Oct
  • Chemicals maker Dow beats third-quarter profit estimates22 Oct
  • Dow reports third quarter 2026 results22 Oct
  • A 30.9% Yield Looks Incredible. The Dividend Math Tells Another Story20 Oct
  • DOW Gains on Projects & Self-Help Actions Amid Demand and Cost Woes20 Oct
  • Dow Gains Over 200 Points; GE Aerospace Posts Upbeat Earnings20 Oct
  • Amazon Leads Dow Gainers as Morgan Stanley Names Stock ‘Top Pick'19 Oct
  • Dow Jones Industrial Average in Spotlight: 5 Stocks Report This Week, Including 2 of the Worst Performing19 Oct
  • Dow Launches VOLTRICELL Platform to Advance Battery Innovation19 Oct
  • Gear Up for Dow Inc. (DOW) Q3 Earnings: Wall Street Estimates for Key Metrics19 Oct
  • These 5 Dividend Stocks Look Like Income Bargains. The Math Says Otherwise19 Oct
  • Two Chemical Giants Cut Their Dividends. One Kept Raising.16 Oct
  • Dow Surges 250 Points; M&T Bank Posts Upbeat Q3 Earnings16 Oct

Mentions in Filings

  • … ect the Level of the Equity Futures Index Over Time and Therefore the Amount Payable on the Securities ● Futures Contracts Are Not Assets with Intrinsic Value ● You Have No Rights in Any Futures Contract Tracked by the <strong>Dow</strong> Jones Industrial Average Futures Excess Return Index, the Nasdaq-100 Futures Excess Return™ Index, the Russell 2000® Futures Excess Return Index or the S&P 500® Futures Excess Return Index, As Applicable ● Owning the Secu …
    GOLDMAN SACHS GROUP INCDow Inc.·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·23 Oct
  • … . The S&P 500® Futures Excess Return Index measures the performance of the nearest maturing quarterly E-mini S&P 500 futures contract trading on the Chicago Mercantile Exchange. The S&P 500® Index includes a representative sample of 500 companies in leading industries of the U.S. economy. The index has a base date of February 4, 1998, with a base value of 100, as adjusted, and is calculated, maintained and published by S&P <strong>Dow</strong> Jones Indices LLC.
    GOLDMAN SACHS GROUP INCDow Inc.·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·23 Oct
  • S&P <strong>DOW</strong> JONES INDICES DO NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500® INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKE NO EXPRESS OR IM …
    BANK OF MONTREAL /CAN/Dow Inc.·FWP - ARC 7571·Q4 26·23 Oct
  • … lits, special dividends, right offerings and mergers and acquisitions. Other Adjustments. In cases where there is no achievable market price for a stock being deleted, it can be removed at a zero or minimal price. An S&P <strong>Dow</strong> Jones Index Committee (“Index Committee”) maintains the Parent Index and the Expanded Technology Software Index. The Index Committee may revise the methodology, method of calculation and method of adjustments for the Parent …
    BANK OF MONTREAL /CAN/Dow Inc.·FWP - ARC 7563·Q4 26·23 Oct
  • … es in certain of their indices. In July 2017, FTSE Russell announced that it would require new constituents of its indices to have greater than 5% of the company’s voting rights in the hands of public stockholders, and S&P <strong>Dow</strong> Jones announced that it would no longer admit companies with multiple-class share structures to certain of its indices. Affected indices include the Russell 2000 and the S&P 500, S&P MidCap 400 and S&P SmallCap 600, which t …
    Uni-Fuels Holdings LtdDow Inc.·424B5 - Prospectus filing (Rule 424(b)(5))·23 Oct·23 Oct
  • … a representative sample of 500 companies in leading industries of the U.S. economy. The index has a base date of December 31, 1991, with a base value of 100, as adjusted, and is calculated, maintained and published by S&P <strong>Dow</strong> Jones Indices LLC. We have derived all information contained in this index supplement regarding the index from publicly available information. Additional information about the index is available on the following website: s …
    GOLDMAN SACHS GROUP INCDow Inc.·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·23 Oct

Key Stats

Trading

Px/Chg 1D$27.97 / +1.38%
Avg Volume13.62M
Beta0.36
Mkt Cap20.20B
FD Mkt Cap22.01B

Float

Shrs Out/Float722.34M / 720.44M
Short Float0.05%
Days to Cover2.47
Stock Repurchased$0.00

Current Valuation

EV37.24B
EV/EBITDA44.33
EV/Sales0.95
P/B1.32
P/S0.51
FCF Yield3.07%
ROE-2.92%
ROA-0.74%
Current Ratio1.85

Dividend

Cash$0.35
Yield4.15%
Yield (TTM)4.15%

Estimates

P/E-7.32
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings6.248.2667.6218.77-17.93-45.53
Price / Sales1.410.670.890.492.932.07
Price / Book Value1.651.832.141.211.731.33
Price / Free Cash Flow-20.716.9914.65-138.71-19.1232.63
ENTERPRISE VALUE METRICS
Enterprise Value44,830.451,201.553,790.736,897.144,968.237,294.7
Enterprise Value / Sales2.310.901.210.864.753.81
Enterprise Value / EBITDA28.945.3913.447.03-72.41191.25
Enterprise Value / EBIT55.677.6038.6415.65-33.84250.30

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-7.7%54,968.056,902.044,622.042,964.039,968.0
Gross Income-30.7%10,388.07,857.04,972.04,455.02,395.0
EBITDA-43.5%11,676.09,499.04,003.05,252.01,188.0
EBIT—8,834.06,741.01,392.02,358.0-1,646.0
Net Income—6,311.04,582.0589.01,116.0-2,623.0
EPS (Diluted)—8.386.280.821.57-3.69
BALANCE SHEET
Cash & ST Inv6.3%2,988.03,886.02,987.02,572.03,816.0
Total Assets-1.8%62,990.060,603.057,967.057,312.058,538.0
Total Liabilities-1.9%44,251.039,356.038,859.039,461.041,016.0
Total Shareholder Equity-3.1%18,165.020,718.018,607.017,355.016,008.0
CASH FLOW
Net Operating Cash Flow-38.1%7,009.07,475.05,196.02,914.01,032.0
Cap Ex1.6%-2,324.0-2,058.0-2,477.0-3,065.0-2,479.0
Free Cash Flow—4,685.05,417.02,719.0-151.0-1,447.0

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)32.51
Basic Shares722.34
Market Cap23,479.7
Diluted Shares721.20
Fully Diluted Shares Outstanding721.20
Fully Diluted Market Cap23,442.6
+Consolidated Debt19,629.0
−In-the-Money Convertible Debt—
+Capital Leases1,494.0
+Operating Leases—
−Cash & Equivalents-4,110.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest1,514.0
+Pension Liabilities—
Enterprise Value40,512.7

Segment data

Revenue

by Products and services

  • Packaging & Specialty Plastics51%
  • Industrial Intermediates & Infrastructure28%
  • Performance Materials & Coatings21%

Revenue

by Geography

  • U.s.& Canada40%
  • Europe, Middle East, Africa And India [domain]31%
  • Asia Pacific18%
  • Latin America11%

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