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Companies / Materials / Dow Inc.
DOW

Dow Inc.

MaterialsChemicalsS&P 500
Ticker DOWMIDLAND, MIFiscal year ends DecemberBook value per share $21.92Diluted shares 723.5M

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… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$39.97BFY2025
−7.0% year over year
Last 12 mo $41.32B
-4.25%FY2025
−8.4 percentage points
Last 12 mo -0.15%
—
-5.10%FY2025
−12 percentage points
Last 12 mo -8.15%
Cash & financing
$1.03BFY2025
−64.6% year over year
Last 12 mo $3.87B
$-1.64BFY2025
−617.9% year over year
Last 12 mo $1.42B
1.13FY2025
Was 0.94× a year earlier
Last 12 mo 1.13
711.6MFY2025
+0.9% year over year
Last 12 mo 723.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Dow Inc. does

In the company’s own words

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.

Company details
Sector
Materials
Industry (SIC)
Chemicals
Headquarters
MIDLAND, MI
Fiscal year end
December
CIK
1751788
SIC
2821

Financial performance, year by year

Fiscal 2019–2025 · USD
$-7.58B$10.01B$27.59B$45.18B$62.76B2019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Dow Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

584
funds hold it
0 of 35
superinvestors hold it
$6.38B
held by funds, at market
28.8%
of shares held by funds
21
bond issues held by funds

Largest fund holders · Dow Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.03%of fund net assets
0.11%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.04%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.03%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Dow Inc.’s bonds, as funds hold them

Funds report holding 21 issues of Dow Inc.’s debt, $1.66B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.16%, maturing 2028 to 2055.

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”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Dow Inc. and its peers compare on margins and cash generation over ten years?”
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