DOW

DOW INC.

Ticker: DOWMaterialsChemicalsS&P 500
HQ MIDLAND, MICIK 1751788FY end 12-31Book / share $21.92Shares 724M
Revenue (FY)
$39.97B-6.97%
TTM $41.32B
Op. margin
-4.25%-8.44%
TTM -0.15%
Net income
Operating cash
$1.03B-64.58%
TTM $3.87B
Free cash flow
$-1.64B-617.90%
TTM $1.42B
Return on equity
-5.10%-11.82%
TTM -8.15%
Debt / equity
1.13+0.19%
TTM 1.13
Shares outstanding
711.6M+0.92%
TTM 723.5M

The business

Dow Inc. (NYSE: DOW) operates as one of the world's leading materials science companies, serving customers across high-growth markets including packaging, infrastructure, mobility, and consumer applications. The company's website is www.dow.com. With approximately 34,600 employees and manufacturing sites in 29 countries, Dow delivered sales of approximately $40 billion in 2025.

The company operates through six global businesses organized into three reportable segments. The Packaging & Specialty Plastics segment consists of Hydrocarbons & Energy and Packaging and Specialty Plastics businesses, providing the industry's broadest polyolefin product portfolio supported by proprietary catalyst and manufacturing technologies. This segment serves food and specialty packaging, industrial and consumer packaging, health and hygiene, caps and closures, and infrastructure applications. The Industrial Intermediates & Infrastructure segment comprises Industrial Solutions and Polyurethanes & Construction Chemicals, producing ethylene oxide and propylene oxide derivatives for appliances, coatings, furniture, building and construction, mobility, and electronics. The Performance Materials & Coatings segment includes Coatings & Performance Monomers and Consumer Solutions, utilizing acrylics, cellulosics, and silicone-based technology platforms for architectural and industrial coatings, home and personal care, and consumer electronics.

Dow's competitive advantages include extensive low-cost feedstock positions globally, unparalleled scale and market reach, world-class manufacturing facilities across all geographic regions, deep customer understanding, and a portfolio of higher-value functional polymers. The company maintains significant intellectual property with approximately 3,900 active U.S. patents and 25,800 active foreign patents. Dow holds ownership interests in major joint ventures including EQUATE, The Kuwait Olefins Company, Map Ta Phut Olefins, Sadara Chemical Company, and The SCGC-Dow Group.

The company traces its heritage to 1897 and was incorporated as Dow Inc. in 2018 to serve as a holding company for The Dow Chemical Company, its wholly owned subsidiary. Dow's strategy emphasizes advancing a circular economy, reducing greenhouse gas emissions, developing safer materials, and fostering sustainable growth through innovation and operational excellence across its integrated manufacturing environment.

Sector
Materials
Industry
Chemicals
HQ
MIDLAND, MI
FY end
12-31
CIK
1751788
SIC
2821
Financial performance · annual
20192025
$-7.58B$10.01B$27.59B$45.18B$62.76B2019202020212022202320242025TTMTTM

Ownership

Who holds DOW INC. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

584
funds hold it
0 of 35
superinvestors hold it
$6.38B
fund-held value
28.8%
of shares held by funds
21
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%$626.09M
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.03%$510.85M
Growth Fund of America
AGTHX
0.11%$413.81M
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.04%$309.90M
iShares Core S&P 500 ETF
IVV · iShares Trust
0.03%$270.92M

Bonds held by funds

Funds report holding 21 issues of DOW INC.'s debt, $1.66B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 5.16%, maturing 20282055.

IssueCouponMaturesFundsFund-held
DOW CHEMICAL CO SR UNSEC 5.65% 03-15-365.650%2036-03-1574$148.25M
Dow Chemical Co/The4.800%2031-01-1561$146.64M
Dow Chemical Co/The4.375%2042-11-1577$129.63M
Dow Chemical Co/The6.300%2033-03-1543$120.32M
Dow Chemical Co/The2.100%2030-11-1557$107.62M
DOW CHEMICAL CO SR UNSEC 5.35% 03-15-355.350%2035-03-1547$106.74M
DOW CHEMICAL CO SR UNSEC 5.6% 02-15-545.600%2054-02-1552$97.31M
Dow Chemical Co/The3.600%2050-11-1563$95.97M
DOW CHEMICAL CO SR UNSEC 5.55% 11-30-485.550%2048-11-3050$84.30M
DOW 5.25 11/15/415.250%2041-11-1550$73.49M

The 10 largest by fund-held value, of 21.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Go deeper in your own AI

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15 years of DOW INC.'s financials

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