Materials · Commodity Chemicals
Dow: revenue, profit and dividends
In fiscal 2025, Dow had revenue of $40B, up 0.7% a year on average since 2020, and a net loss of $2.62B. It paid a dividend of $2.10 a share.
Revenue, fiscal 2025
average annual revenue growth since 2020 · −7.0% vs 2024
- Ticker
- DOW · NYSE
- Sector
- Materials
- Sub-industry
- Commodity Chemicals
- Headquarters
- Midland, Michigan
- Founded
- 2019 (1897)
- In the S&P 500 since
- April 1, 2019
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Dow Inc. · CIK 0001751788
Revenue and net income
Revenue went from $43.7B in 2017 to $40B in 2025. Net loss in 2019, 2025.
Diluted earnings per share
Diluted EPS went from $0.60 in 2017 to −$3.70 in 2025.
Dividends per share
Not raised in 2025.
Shares outstanding
From 745M in 2017 to 712M in 2025.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was −$1.45B in 2025, −3.6% of revenue. Negative in 2017, 2024–2025.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $40B | −$2.62B | −6.6% | −$3.70 | $2.10 | 712M | $1.03B | $2.48B | −$1.45B |
| 2024 | $43B | $1.12B | 2.6% | $1.57 | $2.80 | 705M | $2.91B | $2.94B | −$26M |
| 2023 | $44.6B | $589M | 1.3% | $0.82 | $2.80 | 709M | $5.2B | $2.36B | $2.84B |
| 2022 | $56.9B | $4.58B | 8.1% | $6.28 | $2.80 | 726M | $7.47B | $1.82B | $5.65B |
| 2021 | $55B | $6.31B | 11.5% | $8.38 | $2.80 | 749M | $7.01B | $1.5B | $5.51B |
| 2020 | $38.5B | $1.23B | 3.2% | $1.64 | $2.80 | 742M | $6.23B | $1.25B | $4.97B |
| 2019 | $43B | −$1.36B | −3.2% | −$1.84 | $2.10 | 742M | $5.93B | $1.96B | $3.97B |
| 2018 | $49.6B | $4.64B | 9.4% | $6.21 | $0.00 | 747M | $4.25B | $2.09B | $2.16B |
| 2017 | $43.7B | $465M | 1.1% | $0.60 | $1.38 | 745M | −$4.93B | $2.81B | −$7.74B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Commodity Chemicals companies
No other S&P 500 company is in this sub-industry.
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.