Latest revenue
$9.79B
as of 2026-03-31
Latest net income
$-533.0M
as of 2026-03-31
Net margin
-5.4%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $25.95B
- Enterprise value
- $39.98B
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- 1.70×
- Dividend yield
- 4.9%
- 52-wk high
- $42.74
- 52-wk low
- $20.40
- Beta
- —
- Shares out
- 720.7M
5-year trend
What this company does
Dow manufactures commodity and specialty chemicals, plastics, and performance materials used in packaging, infrastructure, consumer products, and industrial applications. The company generates revenue primarily by selling polyethylene, silicones, polyurethanes, and industrial intermediates to global customers, posting $9.8 billion in quarterly sales. Dow is navigating a deep cyclical downturn, reporting a $533 million quarterly net loss, slashing its dividend roughly in half, and absorbing heavy losses from nonconsolidated joint ventures.
Key risks
- Persistent losses: Q1 2026 net loss of $533M ($0.74/share) widened from $307M loss YoY; revenue fell 6% to $9.8B.
- Equity affiliate deterioration: losses from nonconsolidated affiliates surged to $303M from $20M, signaling JV/Sadara-type structural weakness.
- Leverage and payout strain: $18B long-term debt plus $4.5B pension liabilities; dividend already halved to $0.35 amid negative earnings.
Profitability
Net margin
-6.6%
352.7%Return on equity
-16.4%
354.8%Return on assets
-4.5%
330.1%Leverage
Debt / equity
2.66×
15.4%Long-term debt / equity
1.12×
23.2%Debt / assets
72.7%
4.2%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $9.79B | -6.1% | $-533.0M | -73.6% | -5.4% |
Q4 2025 2025-12-31 | $9.46B | -9.1% | $-1.54B | -2811.3% | -16.3% |
Q3 2025 2025-09-30 | $9.97B | -8.3% | $62.0M | -71.0% | 0.6% |
Q2 2025 2025-06-30 | $10.10B | -7.4% | $-835.0M | -290.2% | -8.3% |
Q1 2025 2025-03-31 | $10.43B | -3.1% | $-307.0M | -159.5% | -2.9% |
Q4 2024 2024-12-31 | $10.40B | — | $-53.0M | — | -0.5% |
Q3 2024 2024-09-30 | $10.88B | +1.4% | $214.0M | -29.1% | 2.0% |
Q2 2024 2024-06-30 | $10.91B | -4.4% | $439.0M | +12.0% | 4.0% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Plastic Materials, Synth Resins & Nonvulcan Elastomers · SIC 2821
Your notes
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Insider activity
Insider buying
$0
Insider selling
$0
Net activity
+$0
Distinct insiders
0
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value |
|---|
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns DOW
No institutional holdings on file for DOW yet.
Source: SEC Form 13F-HR. Updated quarterly (45-day filing lag).
Top questions investors are asking
- 1
Equity losses from nonconsolidated affiliates jumped to $303M from $20M—which JV is bleeding, and is an impairment coming next quarter?
- 2
After halving the dividend to $0.35, is the current $252M quarterly payout still safe given another $533M loss and rising leverage?
- 3
Gross margin remains razor-thin at ~6.5%; what specific volume or price actions get Dow back to cash breakeven in 2026?