Plastics, chemicals and specialty materials are made by Dow, a materials science company. Its range includes polyethylene for packaging, polyurethane and chemical intermediates, silicones, coatings and materials for infrastructure. Customers are manufacturers in packaging, consumer goods, construction, transportation and industrial markets. The business is organised into packaging and specialty plastics, industrial intermediates and infrastructure, and performance materials and coatings segments.
Dow earns its revenue by producing materials in large volumes and supplying them to manufacturers, so its income follows industrial demand and chemical prices. Revenue was $39.3 billion over the last twelve months, having changed at -11.1% a year across the last three years, a steep decline. The operating margin is -4.2%, and the business earns -4% on the capital invested in it. Net debt is 11.8 times EBITDA, and the dividend yield is 4.7%. On the site's X-Ray Score it receives 20 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
52-wk range $19.95 – $41.82Volume 5,039,000Daily, split-adjusted
Vitals
Market cap$21.6B
52-week range$19.95 – $41.82
Volume (last day)5,039,000
P/E (TTM)–
EBIT / EV yield-4.5%
Free-cash-flow yield-1.1%
Dividend yield4.7%
Revenue (TTM)$39.3B
Net income (TTM)−$2.7B
Operating margin-4.2%
Return on capital-4.5%
Debt incl. leases$18.0B
Cash & securities$4.1B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
Not rated
Loss-making or insufficient history: no DCF/EPV
What this means
Read the lenses below
A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Materials peers. Open a lens to see the numbers behind it.
ValuationWeak
18/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield-4.5%
Free-cash-flow yield-1.1%
GrowthWeak
5/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-11.1%
Growth consistency10%
ProfitabilityWeak
27/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital-4.5%
Operating margin-4.2%
Gross profitability4.2%
Financial healthWeak
18/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score3 / 9
Net debt / EBITDA11.8×
Interest cover-1.9×
DividendsWeak
37/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield4.7%
Dividend growth-9.4%
Quarterly results: last 6 quarters
-2.0%Dec '24
-3.1%Mar '25
-7.4%Jun '25
-8.3%Sep '25
-9.1%Dec '25
-6.1%Mar '26
Revenue against the same quarter a year earlier. Latest quarter revenue $9.8B, diluted EPS $-0.74.
Fundamentals checklist
● 1 Good · ● 1 Average · ● 11 Bad
Cash quality
Earnings backed by cashGood
Free-cash-flow yieldBad
Risk models
Altman Z''Bad
Piotroski F-ScoreBad
Growth
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioAverage
Net debt / EBITDABad
Interest coverBad
Valuation
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginBad
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 17/100.
Financials
FY21
FY22
FY23
FY24
FY25
Revenue
$55.0B
$56.9B
$44.6B
$43.0B
$40.0B
Operating income
$8.9B
$6.8B
$1.4B
$2.4B
−$1.6B
Net income
$6.4B
$4.6B
$660M
$1.2B
−$2.4B
Operating cash flow
$7.0B
$7.5B
$5.2B
$2.9B
$1.0B
Operating margin
16.1%
11.9%
3.1%
5.6%
-4.1%
Free cash flow
$5.5B
$5.7B
$2.8B
−$26M
−$1.4B
Diluted EPS
$8.38
$6.28
$0.82
$1.57
$-3.70
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
7 bullish · 1 neutral · 8 bearish
Weekly
Neutral
5 bullish · 1 neutral · 6 bearish
Monthly
Bearish
2 bullish · 1 neutral · 5 bearish
Moving averages (daily)
SMA 10
28.69
Bullish
EMA 10
28.89
Bullish
SMA 20
28.36
Bullish
EMA 20
28.77
Bullish
SMA 50
29.47
Bullish
EMA 50
29.27
Bullish
SMA 100
30.04
Bearish
EMA 100
30.09
Bearish
SMA 200
31.73
Bearish
EMA 200
30.32
Bearish
Oscillators (daily)
RSI (14)
60.26
Neutral
MACD (12, 26)
-0.01
Bearish
Momentum (12)
8.68
Bullish
Stochastic %K (14)
93.79
Bearish
Williams %R (14)
-6.21
Bearish
CCI (20)
230.9
Bearish
Pivot points (classic, last session)
S3
29.29
S2
29.50
S1
29.72
Pivot
29.93
R1
30.15
R2
30.36
R3
30.58
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.40 USD
Yield on today's price
4.68%
Frequency
Quarterly
Next ex-dividend date
30 Nov 2026
Ex-dividend date
Amount per share
30 Nov 2026 (upcoming)
0.3500
31 Aug 2026
0.3500
29 May 2026
0.3500
27 Feb 2026
0.3500
28 Nov 2025
0.3500
29 Aug 2025
0.3500
30 May 2025
0.7000
28 Feb 2025
0.7000
29 Nov 2024
0.7000
30 Aug 2024
0.7000
31 May 2024
0.7000
28 Feb 2024
0.7000
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.