10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $40.0B | -$2.4B | 6.3% | 0.0% | -$1.4B | — | $3.8B |
| 2024 | $43.0B | $1.2B | 10.7% | 0.0% | -$26M | $16.2B | $2.2B |
| 2023 | $44.6B | $660M | 10.9% | 0.0% | $2.8B | — | $3.0B |
| 2022 | $56.9B | $4.6B | 15.1% | 0.0% | $5.7B | $15.4B | $3.9B |
| 2021 | $55.0B | $6.4B | 19.6% | 0.0% | $5.5B | $14.7B | $3.0B |
| 2020 | $38.5B | $1.3B | 13.5% | 0.0% | $5.0B | $17.1B | $5.1B |
| 2019 | $43.0B | -$1.3B | 14.7% | 0.0% | $4.0B | $17.0B | $2.4B |
| 2018 | $49.6B | $4.8B | 17.2% | 0.0% | $2.2B | $19.9B | $2.7B |
| 2017 | — | $595M | — | — | -$7.7B | $21.0B | $6.2B |
| 2016 | — | $4.4B | — | — | -$6.4B | — | $6.6B |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $9.8B | -$533M | 6.5% | 0.0% | $621M | — | $4.1B |
| Dec '25 | $9.5B | — | 5.8% | 0.0% | -$284M | — | $3.8B |
| Sep '25 | $10.0B | $62M | 7.3% | 0.0% | $563M | — | $4.6B |
| Jun '25 | $10.1B | -$835M | 5.8% | 0.0% | -$1.1B | — | $2.4B |
| Mar '25 | $10.4B | -$307M | 6.4% | 0.0% | -$594M | — | $1.5B |
| Dec '24 | $10.4B | — | 9.0% | 0.0% | $47M | $16.2B | $2.2B |
| Sep '24 | $10.9B | $214M | 9.8% | 0.0% | $64M | — | $2.9B |
| Jun '24 | $10.9B | $439M | 12.1% | 0.0% | $113M | — | $3.3B |
| Mar '24 | $10.8B | $516M | 11.9% | 0.0% | -$250M | — | $3.7B |
| Dec '23 | $10.6B | — | 9.2% | 0.0% | — | — | $3.0B |
| Sep '23 | $10.7B | $302M | 10.6% | 0.0% | — | — | $3.1B |
| Jun '23 | $11.4B | $485M | 13.5% | 0.0% | — | — | $2.9B |
| Mar '23 | $11.9B | -$93M | 10.3% | 0.0% | — | $15.0B | $3.3B |
| Dec '22 | $11.9B | — | 10.1% | 0.0% | — | $15.4B | $3.9B |
| Sep '22 | $14.1B | $739M | 12.3% | 0.0% | — | $13.5B | $2.2B |
| Jun '22 | $15.7B | $1.7B | 17.7% | 0.0% | — | $13.7B | $2.4B |
| Mar '22 | $15.3B | $1.6B | 18.8% | 0.0% | — | $14.5B | $3.1B |
| Dec '21 | $14.4B | — | 18.0% | 0.0% | — | $14.7B | $3.0B |
| Sep '21 | $14.8B | $1.7B | 21.7% | 0.0% | — | $14.3B | $2.9B |
| Jun '21 | $13.9B | $1.9B | 22.7% | 0.0% | — | $15.5B | $3.5B |
How the market has priced DOW against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Dow Inc.'s revenue has grown 0.7% per year. These are computed facts, not advice.
As of FY2025, Dow Inc. reported — of total debt against $3.8B of cash.
In FY2025, gross margin was 6.3%, operating margin —, and net margin -6.1%.
As of Jun '26, Dow Inc. traded at a price-to-earnings ratio of about 14.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.