InsiderClue
Stocks · Materials · Plastic Materials, Synth Resins & Nonvulcan Elastomers

Dow Inc.

DOW Clue Score22
United States Fiscal year ends December CIK 0001751788
$28.42 -0.59% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $28.42 −51.19% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 20 Mar 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue36.26Net income4.32EPS, diluted5.73Fiscal year 2017Revenue43.73 +20.6%Net income0.47 −89.2%EPS, diluted0.60 −89.5%Fiscal year 2018Revenue49.60 +13.4%Net income4.64 +898.1%EPS, diluted6.21 +935.0%Fiscal year 2019Revenue42.95 −13.4%Net income−1.27 −127.4%EPS, diluted−1.84 −129.6%Fiscal year 2020Revenue38.54 −10.3%Net income1.29EPS, diluted1.64Fiscal year 2021Revenue54.97 +42.6%Net income6.41 +395.0%EPS, diluted8.38 +411.0%Fiscal year 2022Revenue56.90 +3.5%Net income4.64 −27.6%EPS, diluted6.28 −25.1%Fiscal year 2023Revenue44.62 −21.6%Net income0.66 −85.8%EPS, diluted0.82 −86.9%Fiscal year 2024Revenue42.96 −3.7%Net income1.20 +82.0%EPS, diluted1.57 +91.5%Fiscal year 2025Revenue39.97 −7.0%Net income−2.44 −303.5%EPS, diluted−3.70 −335.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 36.26 43.73 49.60 42.95 38.54 54.97 56.90 44.62 42.96 39.97
Growth +20.6% +13.4% −13.4% −10.3% +42.6% +3.5% −21.6% −3.7% −7.0%
Net income 4.32 0.47 4.64 −1.27 1.29 6.41 4.64 0.66 1.20 −2.44
Growth −89.2% +898.1% −127.4% +395.0% −27.6% −85.8% +82.0% −303.5%
EPS, diluted 5.73 0.60 6.21 −1.84 1.64 8.38 6.28 0.82 1.57 −3.70
Growth −89.5% +935.0% −129.6% +411.0% −25.1% −86.9% +91.5% −335.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginNet margin
Fiscal year 2016Net margin11.9%Free cash flow margin−17.8%Fiscal year 2017Gross margin16.9%Net margin1.1%Free cash flow margin−17.7%Fiscal year 2018Gross margin17.2%Net margin9.4%Free cash flow margin4.4%Fiscal year 2019Gross margin14.7%Net margin−3.0%Free cash flow margin9.2%Fiscal year 2020Gross margin13.5%Net margin3.4%Free cash flow margin12.9%Fiscal year 2021Net margin11.7%Free cash flow margin10.0%Fiscal year 2022Net margin8.2%Free cash flow margin9.9%Fiscal year 2023Net margin1.5%Free cash flow margin6.4%Fiscal year 2024Net margin2.8%Free cash flow margin−0.1%Fiscal year 2025Net margin−6.1%Free cash flow margin−3.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a 16.9% 17.2% 14.7% 13.5% n/a n/a n/a n/a n/a
Net margin 11.9% 1.1% 9.4% −3.0% 3.4% 11.7% 8.2% 1.5% 2.8% −6.1%
Free cash flow margin −17.8% −17.7% 4.4% 9.2% 12.9% 10.0% 9.9% 6.4% −0.1% −3.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−2.96Capital expenditure−3.49Free cash flow−6.45Buybacks−0.92Dividends paid0.00Fiscal year 2017Operating cash flow−4.93Capital expenditure−2.81Free cash flow−7.74Buybacks0.00Dividends paid−1.06Fiscal year 2018Operating cash flow4.25Capital expenditure−2.09Free cash flow2.16Buybacks0.00Dividends paid0.00Fiscal year 2019Operating cash flow5.93Capital expenditure−1.96Free cash flow3.97 +83.5%Buybacks−0.50Dividends paid−1.55Fiscal year 2020Operating cash flow6.23Capital expenditure−1.25Free cash flow4.97 +25.3%Buybacks−0.13Dividends paid−2.07Fiscal year 2021Operating cash flow7.01Capital expenditure−1.50Free cash flow5.51 +10.7%Buybacks−1.00Dividends paid−2.07Fiscal year 2022Operating cash flow7.48Capital expenditure−1.82Free cash flow5.65 +2.6%Buybacks−2.33Dividends paid−2.01Fiscal year 2023Operating cash flow5.20Capital expenditure−2.36Free cash flow2.84 −49.8%Buybacks−0.63Dividends paid−1.97Fiscal year 2024Operating cash flow2.91Capital expenditure−2.94Free cash flow−0.03 −100.9%Buybacks−0.49Dividends paid−1.97Fiscal year 2025Operating cash flow1.03Capital expenditure−2.48Free cash flow−1.45Buybacks0.00Dividends paid−1.49
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −2.96 −4.93 4.25 5.93 6.23 7.01 7.48 5.20 2.91 1.03
Capital expenditure −3.49 −2.81 −2.09 −1.96 −1.25 −1.50 −1.82 −2.36 −2.94 −2.48
Free cash flow −6.45 −7.74 2.16 3.97 4.97 5.51 5.65 2.84 −0.03 −1.45
Growth +83.5% +25.3% +10.7% +2.6% −49.8% −100.9%
Buybacks −0.92 0.00 0.00 −0.50 −0.13 −1.00 −2.33 −0.63 −0.49 0.00
Dividends paid 0.00 −1.06 0.00 −1.55 −2.07 −2.07 −2.01 −1.97 −1.97 −1.49

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash6.61Shareholders’ equity25.99Fiscal year 2017Cash6.19Total debt20.51Net cash (debt)−14.32Shareholders’ equity31.52Debt to equity0.65Fiscal year 2018Cash2.72Total debt19.59Net cash (debt)−16.87Shareholders’ equity32.48Debt to equity0.60Fiscal year 2019Cash2.37Total debt16.41Net cash (debt)−14.04Shareholders’ equity13.54Debt to equity1.21Fiscal year 2020Cash5.10Total debt16.95Net cash (debt)−11.85Shareholders’ equity12.44Debt to equity1.36Fiscal year 2021Cash2.99Total debt14.51Net cash (debt)−11.52Shareholders’ equity18.17Debt to equity0.80Fiscal year 2022Cash3.89Total debt15.06Net cash (debt)−11.17Shareholders’ equity20.72Debt to equity0.73Fiscal year 2023Cash2.99Shareholders’ equity18.61Fiscal year 2024Cash2.19Total debt16.21Net cash (debt)−14.02Shareholders’ equity17.36Debt to equity0.93Fiscal year 2025Cash3.82Shareholders’ equity16.01
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 6.61 6.19 2.72 2.37 5.10 2.99 3.89 2.99 2.19 3.82
Total debt n/a 20.51 19.59 16.41 16.95 14.51 15.06 n/a 16.21 n/a
Net cash (debt) n/a −14.32 −16.87 −14.04 −11.85 −11.52 −11.17 n/a −14.02 n/a
Shareholders’ equity 25.99 31.52 32.48 13.54 12.44 18.17 20.72 18.61 17.36 16.01
Debt to equity n/a 0.65 0.60 1.21 1.36 0.80 0.73 n/a 0.93 n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
36.26 43.73 49.60 42.95 38.54 54.97 56.90 44.62 42.96 39.97
Growth +20.6% +13.4% −13.4% −10.3% +42.6% +3.5% −21.6% −3.7% −7.0%
30.05 36.35 41.07 36.66 33.35 44.19 48.34 39.74 38.36 37.44
n/a 7.38 8.53 6.29 5.20 n/a n/a n/a n/a n/a
Growth +15.6% −26.2% −17.4%
1.80 1.80 1.78 1.59 1.47 1.65 1.68 1.63 1.58 1.39
1.26 0.24 3.75 −1.25 2.07 8.15 6.09 0.66 1.60 −2.51
−0.22 1.52 0.81 0.47 0.78 1.74 1.45 −0.00 0.40 −0.07
4.32 0.47 4.64 −1.27 1.29 6.41 4.64 0.66 1.20 −2.44
Growth −89.2% +898.1% −127.4% +395.0% −27.6% −85.8% +82.0% −303.5%
Per share
5.80 0.60 6.21 −1.84 1.64 8.44 6.32 0.82 1.57 −3.70
5.73 0.60 6.21 −1.84 1.64 8.38 6.28 0.82 1.57 −3.70
Growth −89.5% +935.0% −129.6% +411.0% −25.1% −86.9% +91.5% −335.7%
681.6 744.8 747.2 742.5 740.5 743.6 721.0 705.7 703.8 711.6
690.9 744.8 747.2 742.5 742.3 749.0 725.6 709.0 705.1 711.6
Growth +7.8% +0.3% −0.6% −0.0% +0.9% −3.1% −2.3% −0.6% +0.9%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 0.7% a year over five years.
  • The diluted share count fell 4.1% in five years, so buybacks did some of the work per share.
  • A net loss in 2 of 10 years on file.