DOW INC.

Listed Company

DOWCIK 0001751788NYSELarge AcceleratedPlastic Materials, Synth Resins & Nonvulcan ElastomersDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-2.44B

Total Assets

$58.54B

Equity

$16.01B

Shares Out

720.74M

Op. Cash Flow

$1.03B

DOW$29.93+5.11% · past yearDBEQ Basic

Daily closing prices

Business

Dow Inc. is a global materials science company that manufactures and sells plastic materials, synthetic resins, and chemical intermediates serving packaging, infrastructure, mobility, and consumer applications. The company operates through three reportable segments—Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings—each offering distinct product portfolios from polyolefins and ethylene derivatives to polyurethanes, coatings, and silicones. Dow manufactures at 29 countries and serves customers through direct sales and distributors worldwide.

Summary from 10-K filed 2026-02-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	39,968	42,964	44,622	56,902	54,968
Cost of sales	37,435	38,358	39,742	48,338	44,191
Research and development expenses	752	810	829	851	857
Selling, general and administrative expenses	1,392	1,581	1,627	1,675	1,645
Amortization of intangibles	231	310	324	336	388
Restructuring, goodwill impairment and asset related charges - net	1,856	103	528	118	6
Equity in losses of nonconsolidated affiliates	−240	−6	−119	268	975
Sundry income (expense) - net	140	415	−280	727	−35
Interest income	152	200	229	173	55
Interest expense and amortization of debt discount	865	811	746	662	731
Income (loss) before income taxes	−2,511	1,600	656	6,090	8,145
Provision (credit) for income taxes	−67	399	−4	1,450	1,740
Net income (loss)	−2,444	1,201	660	4,640	6,405
Net income attributable to noncontrolling interests	179	85	71	58	94
Net income (loss) available for The Dow Chemical Company common stockholder	−2,623	1,116	589	4,582	6,311
Earnings (loss) per common share - basic	−3.7	1.57	0.82	6.32	8.44
Earnings (loss) per common share - diluted	−3.7	1.57	0.82	6.28	8.38
Weighted-average common shares outstanding - basic	712	704	706	721	744
Weighted-average common shares outstanding - diluted	712	705	709	726	749

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	3,816	2,189	2,987	3,886	2,988
Trade (net of allowance for doubtful receivables - 2025: $59; 2024: $95)	4,762	4,756	4,718	5,611	6,841
Other Receivables	1,876	2,108	1,896	2,144	2,713
Inventories	6,595	6,544	6,076	6,988	7,372
Other current assets	1,013	993	1,937	1,848	934
Total current assets (variable interest entities restricted - 2025: $228; 2024: $55)	18,062	16,590	17,614	20,477	20,848
Investment in nonconsolidated affiliates	1,264	1,266	1,267	1,589	2,045
Other investments (investments carried at fair value - 2025: $2,212; 2024: $2,047)	3,017	3,033	2,740	2,793	3,193
Noncurrent receivables	309	380	438	666	478
Total investments	4,590	4,679	4,445	5,048	5,716
Property	65,863	62,121	60,203	58,055	57,604
Less: Accumulated depreciation	43,613	40,117	39,137	37,613	37,049
Net property	22,250	22,004	21,066	20,442	20,555
Goodwill	7,978	8,565	8,641	8,644	8,764
Other intangible assets (net of accumulated amortization - 2025: $5,727; 2024: $5,394)	1,486	1,721	2,072	2,442	2,881
Operating lease right-of-use assets	1,356	1,268	1,320	1,227	1,412
Deferred income tax assets	1,511	1,257	1,486	960	1,358
Deferred charges and other assets	1,305	1,228	1,323	1,363	1,456
Total other assets (variable interest entities restricted - 2025: $226; 2024: $15)	13,636	14,039	14,842	14,636	15,871
Total Assets	58,538	57,312	57,967	60,603	62,990
Notes payable	90	135	62	362	161
Long-term debt due within one year	222	497	117	362	231
Accounts Payable, Trade	4,151	4,847	4,529	4,940	5,577
Accounts Payable, Other	1,394	1,694	1,797	2,276	2,839
Operating lease liabilities - current	340	318	329	287	314
Income taxes payable	337	276	419	334	623
Accrued and other current liabilities	2,649	2,521	2,704	2,770	3,481
Total current liabilities (variable interest entities restricted - 2025: $438; 2024: $24)	9,183	10,288	9,957	11,331	13,226
Long-Term Debt (variable interest entities restricted - 2025: $190; 2024: $)	17,849	15,711	14,907	14,698	14,280
Deferred income tax liabilities	364	392	399	1,110	506
Pension and other postretirement benefits - noncurrent	4,694	4,736	4,932	3,808	7,557
Asbestos-related liabilities - noncurrent	628	713	788	857	931
Operating lease liabilities - noncurrent	1,097	984	1,032	997	1,149
Other noncurrent obligations	7,201	6,637	6,844	6,555	6,602
Total other noncurrent liabilities (variable interest entities restricted - 2025: $364; 2024: $13)	13,984	13,462	13,995	13,327	16,745
Common stock (authorized and issued 100 shares of $0.01 par value each)	8	8	8	8	8
Additional paid-in capital	11,112	9,203	8,880	8,540	8,151
Retained earnings	16,781	20,909	21,774	23,180	20,623
Accumulated other comprehensive loss	−7,660	−8,110	−7,681	−7,139	−8,977
Treasury stock at cost (2025: 73,065,152 shares; 2024: 80,859,145 shares)	−4,233	−4,655	−4,374	−3,871	−1,625
Dow Inc.s stockholders equity	16,008	17,355	18,607	20,718	18,165
Noncontrolling interests	1,514	496	501	529	574
Total equity	17,522	17,851	19,108	21,247	18,739
Total Liabilities and Equity	58,538	57,312	57,967	60,603	62,990

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income (loss)	−2,444	1,201	660	4,640	6,405
Depreciation and amortization	2,834	2,894	2,611	2,758	2,842
Provision (Credit) for deferred income tax	−341	135	−1,222	79	278
Earnings of nonconsolidated affiliates less than (in excess of) dividends received	439	348	387	696	−651
Net periodic pension benefit cost	−95	−210	548	23	39
Pension contributions	−209	−121	−142	−235	−1,219
Net gain on sales of assets, businesses and investments	−220	−65	−70	−19	−105
Restructuring, goodwill impairment and asset related charges - net	1,856	103	528	118	6
Other net loss	440	239	796	212	921
Accounts and notes receivable	73	−224	1,161	1,187	−2,132
Inventories	−52	−529	844	347	−1,768
Accounts payable	−999	278	−734	−1,255	2,458
Other assets and liabilities, net	−220	−1,146	−203	−1,065	−5
Cash provided by operating activities - continuing operations	1,062	2,903	5,164	7,486	7,069
Cash provided by (used for) operating activities - discontinued operations	−30	11	32	−11	−60
Cash provided by (used for) operating activities	1,032	2,914	5,196	7,475	7,009
Capital expenditures	−2,479	−2,940	−2,356	−1,823	−1,501
Proceeds from incentives related to capital expenditures	145	0	0	—	—
Cash flow hedging related to capital expenditures	−40	0	0	—	—
Investment in gas field developments	−157	−203	−215	−190	−92
Purchases of previously leased assets	0	0	−7	−7	−694
Proceeds from sales of property and businesses, net of cash divested	139	234	95	32	68
Acquisitions of property and businesses, net of cash acquired	0	−125	−114	−228	−129
Investments in and loans to nonconsolidated affiliates	−32	−28	−5	−148	0
Distributions and loan repayments from nonconsolidated affiliates	0	0	2	52	51
Proceeds from Sale of Equity Method Investments	125	0	63	11	0
Purchases of investments	−881	−1,809	−2,288	−1,366	−1,366
Proceeds from sales and maturities of investments	1,022	2,536	1,958	747	759
Other investing activities, net	32	−33	−61	−50	−10
Cash provided by (used for) investing activities	−2,126	−2,368	−2,928	−2,970	−2,914
Changes in short-term notes payable	−5	−61	−249	253	−48
Proceeds from Short-term Debt, Maturing in More than Three Months	64	143	0	0	144
Repayments of Short-term Debt, Maturing in More than Three Months	−63	−17	0	−14	−130
Proceeds from issuance of long-term debt	2,778	1,467	104	1,667	109
Payments on long-term debt	−1,461	−267	−446	−1,006	−2,771
Proceeds from (Repayments of) Accounts Receivable Securitization	−9	−9	18	0	—
Purchases of treasury stock	0	−494	−625	−2,325	−1,000
Proceeds from issuance of parent company stock	85	166	188	212	320
Transaction financing, debt issuance and other costs	−137	−14	−2	−24	−537
Employee taxes paid for share-based payment arrangements	−18	−39	−42	−35	−12
Distributions to noncontrolling interests	−173	−77	−89	−83	−73
Proceeds from Noncontrolling Interests	2,943	0	0	—	—
Dividends paid to stockholders	−1,490	−1,966	−1,972	−2,006	−2,073
Other financing activities, net	−6	0	0	—	—
Cash used for financing activities	2,508	−1,168	−3,115	−3,361	−6,071
Effect of exchange rate changes on cash, cash equivalents and restricted cash	275	−163	−45	−237	−99
Increase (decrease) in cash, cash equivalents and restricted cash	1,689	−785	−892	907	−2,075

Filings

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Frequently asked questions

What is DOW INC.'s CIK number?

DOW INC.'s SEC CIK number is 0001751788 (1751788). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find DOW INC.'s SEC filings?

All of DOW INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did DOW INC. last report earnings?

DOW INC. (DOW) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001751788-26-000131). This is DOW INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is DOW INC.'s most recent earnings 8-K?

DOW INC.'s latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001751788-26-000131. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View DOW INC.'s latest earnings 8-K →
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