Superworth

Dow DOW

Chemicals, Basic Materials
$32.61
+2.51%
Market cap
$23.6B
PE
n/m
a loss over the last year
Forward PE
16.9×
8y median 20.2×
Price to sales
0.6×
EV/EBIT
16.1×
Revenue, 12 months
$41.3B
−1% on a year ago
Net margin
−3.1%
Free cash flow yield
6.8%

Dow trades at 0.6× sales. Its trailing earnings are negative, so it has no PE. Revenue was $41.3B over the last twelve months, down 1% on a year earlier with a −3% net margin.

Charts

Financials

Income statement for DOW, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
$10.7B−24%$10.6B−10%$10.8B−9%$10.9B−4%$10.9B+1%$10.4B−2%$10.4B−3%$10.1B−7%$10B−8%$9.5B−9%$9.8B−6%$12.1B+20%
Cost of revenue$9.6B−23%$9.6B−10%$9.5B−11%$9.6B−3%$9.8B+2%$9.5B−2%$9.8B+3%$9.5B−1%$9.2B−6%$8.9B−6%$9.2B−6%$9.9B+4%
Gross profit$1.1B−34%$975M−19%$1.3B+5%$1.3B−14%$1.1B−6%$935M−4%$671M−48%$583M−56%$731M−32%$548M−41%$640M−5%$2.2B+272%
R&D$197M+3%$213M−5%$204M−5%$196M−4%$208M+6%$202M−5%$200M−2%$188M−4%$191M−8%$173M−14%$181M−10%$207M+10%
SG&A$380M+7%$411M+7%$442M+3%$390M−4%$396M+4%$353M−14%$366M−17%$347M−11%$340M−14%$339M−4%$417M+14%$535M+54%
$480M−57%$291M−50%$505M$661M−22%$366M−24%$270M−7%−$179M−$606M$131M−64%−$1B−$31M−83%$882M
Interest expense$192M+24%$197M+13%$199M+8%$197M+15%$199M+4%$216M+10%$216M+9%$209M+6%$221M+11%$219M+1%$219M+1%$210M+1%
Pre-tax income$417M−58%−$352M$449M$608M−15%$324M−22%$219M−$374M−$659M$70M−78%−$1.5B−$390M+4%$871M
$90M−63%−$257M−$89M+89%$150M−29%$84M−7%$254M−$84M−6%$142M−5%−$54M−$71M$55M$69M−51%
Net income$302M−59%−$105M$516M$439M−10%$214M−29%−$53M−50%−$307M−$835M$62M−71%−$1.5B+2811%−$533M+74%$721M
$0.42−59%−$0.14$0.73$0.62−9%$0.30−29%−$0.06−57%−$0.44−$1.18$0.08−73%−$2.14+3467%−$0.74+68%$0.99
707.5M−2%703.6M−1%705.5M−0%705.3M−1%703.6M−1%704.7M+0%706.9M+0%709.5M+1%713.2M+1%718.1M+2%721.2M+2%725.1M+2%

Gross profit: 34 periods, Q1 FY18 to Q2 FY26: not printed by the filing, worked out from its own lines.

Operating income: 29 periods, Q1 FY19 to Q2 FY26: not printed by the filing, worked out from its own lines.

EPS, diluted: 9 periods, Q1 FY18 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q1 FY18: share-days: the 6-month average less the second quarter's. 3 periods, Q4 FY18 to Q4 FY22: share-days: the 12-month average less the 9-month, weighted by days. 4 periods, Q4 FY19 to Q4 FY25: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. Q4 FY20: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Estimates

Next earnings report: .

QuarterRevenueRangeEPSRangeAnalysts
Q3 FY26$11.2B$11B to $11.6B$0.64$0.58 to $0.7010
Q4 FY26$10.8B$10B to $11.3B$0.53$0.30 to $0.7810
Q1 FY27$10.6B$10.4B to $10.8B$0.44$0.31 to $0.565
Q2 FY27$11.3B$10.7B to $11.9B$0.58$0.54 to $0.623
Q3 FY27$11.2B$10.5B to $11.8B$0.54$0.50 to $0.583
Q4 FY27$10.9B$10.3B to $11.5B$0.21$0.20 to $0.233
Q1 FY28$11.1B$10.5B to $11.7B$0.35$0.32 to $0.374
Q2 FY28$12B$11.3B to $12.6B$0.53$0.49 to $0.564

Peers

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

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
DOWDow$23.6Bn/m21.9×16.9×0.6×−1%−3.1%
DDDuPont de Nemours$18.4B303×22.8×n/m2.6×+3%0.8%
ALBAlbemarle$11.1B347×25.7×n/m1.9×+18%3.8%
ESIElement Solutions$8.1B44.9×30.1×n/m2.6×+27%5.7%
EMNEastman Chemical$7.4B16.9×13.4×n/m0.8×−5%5.0%
HXLHexcel$6B40.0×35.9×n/m3.0×+5%7.8%
BCPCBalchem$5.6B34.8×41.0×n/m5.2×+9%15.1%
CSWCSW Industrials$4.8B40.6×34.7×n/m4.1×+28%10.3%
CBTCabot$3.8B20.8×14.4×n/m1.0×−5%5.2%
AVNTAvient$3.8B22.2×20.2×n/m1.1×+2%5.1%
WDFCWD 40$2.9B32.3×39.2×n/m4.2×+10%13.2%
Peer median$5.8B37.4×27.9×n/a2.6×+7%5.4%

More on Dow

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Where it ranks

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About

Industry
Chemicals
Sector
Basic Materials

Valuation data, not investment advice. Prices as of .