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Companies / Materials / Dow Inc.
DOW

Dow Inc.

MaterialsChemicalsS&P 500
Ticker DOWMIDLAND, MIFiscal year ends DecemberBook value per share $22.29Diluted shares 724.8M

Dow Inc. (NYSE: DOW) is a materials science company serving customers in packaging, infrastructure, mobility and consumer markets with chemicals, polymers, silicones and formulated materials. It operates through three reportable segments: Packaging & Specialty Plastics, which supplies polyethylene and other polymers… From the company’s description.

In fiscal 2025, Dow Inc. reported revenue of $39.97B, down 7.0% from fiscal 2024. Its operating margin was −4.2%, and operations generated $1.03B in cash. Over the twelve months to Sep 30, 2026, revenue was $42.61B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$39.97BFY2025
−7.0% year over year
Last 12 mo $42.61B
-4.25%FY2025
−8.4 percentage points
Last 12 mo 1.29%
—
-5.10%FY2025
−12 percentage points
Last 12 mo -5.55%
Cash & financing
$1.03BFY2025
−64.6% year over year
Last 12 mo $4.58B
$-1.64BFY2025
−617.9% year over year
Last 12 mo $1.99B
1.13FY2025
Was 0.94× a year earlier
Last 12 mo 1.09
711.6MFY2025
+0.9% year over year
Last 12 mo 724.8M

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) is a materials science company serving customers in packaging, infrastructure, mobility and consumer markets with chemicals, polymers, silicones and formulated materials. It operates through three reportable segments: Packaging & Specialty Plastics, which supplies polyethylene and other polymers for packaging, health and hygiene, construction, mobility and related uses; Industrial Intermediates & Infrastructure, which produces intermediate chemicals and downstream materials for manufacturing, building and construction, mobility, cleaning and energy markets; and Performance Materials & Coatings, which serves coatings, home and personal care, consumer and electronics, infrastructure and mobility markets. Products include ethylene, polyethylene, polyurethane materials, acrylic binders, silicone products and specialty chemicals, marketed mainly through its sales force and also through distributors. Dow was incorporated in 2018 as a holding company for The Dow Chemical Company, whose business traces back to 1897; it operates through that wholly owned subsidiary. In fiscal 2025, Dow reported approximately $40 billion in sales, operated manufacturing sites in 29 countries and employed approximately 34,600 people. Its website is www.dow.com.

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.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Dow Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Dow Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Dow Inc.'s last four quarterly filings that the numbers alone won't show?”
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