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Dow profit margin DOW

Gross, operating and net profit as a share of revenue over the last twelve months, from 2018.

Net margin, 12 months
−3.1%
Operating margin, 12 months
−0.2%
Net margin on a year earlier
−0.8 pts
Peer median
5.4%

Over the twelve months to Jun 30, 2026, Dow kept −3.1% of its revenue as net profit, with an operating margin of −0.2% and a gross margin of 9.9%.

Five years earlier its net margin was 8.9%.

The median for 10 chemicals stocks of a similar size is 5.4%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY2025−6.6%−4.2%6.3%
FY20242.6%4.2%10.7%
FY20231.3%3.5%10.9%
FY20228.1%9.8%15.1%
FY202111.5%14.3%19.6%
FY20203.2%4.2%13.5%
FY2019−3.2%−1.8%14.7%
FY20189.2%n/a17.2%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY26−3.1%−0.8 pts−0.2%
Q1 FY26−7.2%−7.9 pts−3.9%
Q4 FY25−6.6%−9.2 pts−4.2%
Q3 FY25−2.8%−5.2 pts−0.9%
Q2 FY25−2.3%−5.0 pts−0.4%
Q1 FY250.7%−2.1 pts2.6%
Q4 FY242.6%+1.3 pts4.2%
Q3 FY242.5%−0.4 pts4.2%
Q2 FY242.7%−0.9 pts4.5%
Q1 FY242.8%−2.7 pts4.9%
Q4 FY231.3%−6.7 pts3.5%
Q3 FY232.9%−6.8 pts4.1%

Against its peers

Companies in Chemicals nearest Dow's size, closest first, today.

CompanyProfit margin
DOWDow−3.1%
DDDuPont de Nemours0.8%
ALBAlbemarle3.8%
ESIElement Solutions5.7%
EMNEastman Chemical5.0%
HXLHexcel7.8%
BCPCBalchem15.1%
CSWCSW Industrials10.3%
CBTCabot5.2%
AVNTAvient5.1%
WDFCWD 4013.2%
Peer median5.4%

Where Dow ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Dow

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.