Dow Inc. (DOW) — Financial statements
Income statement, balance sheet, and cash flow for Dow Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 39,968↓7.0% | 42,964↓3.7% | 44,622↓21.6% | 56,902↑3.5% | 54,968 | |
| Cost of Revenue | 37,573↓2.4% | 38,509↓2.9% | 39,650↓19.2% | 49,045↑10.0% | 44,580 | |
| Gross Profit | 2,395↓46.2% | 4,455↓10.4% | 4,972↓36.7% | 7,857↓24.4% | 10,388 | |
| Operating Expenses | ||||||
| R&D Expenses | 751↓7.3% | 810↓2.3% | 829↓2.6% | 851↓0.7% | 857 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 1,384↓12.5% | 1,581↓2.8% | 1,627↓2.9% | 1,675↑1.8% | 1,645 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 2,135↓10.7% | 2,391↓2.6% | 2,456↓2.8% | 2,526↑1.0% | 2,502 | |
| Total Costs & Expenses | 39,708↓2.9% | 40,900↓2.9% | 42,106↓18.4% | 51,571↑9.5% | 47,082 | |
| Operating Results | ||||||
| Operating Income | 260↓87.4% | 2,064↓18.0% | 2,516↓52.8% | 5,331↓32.4% | 7,886 | |
| Depreciation & Amortization | 2,834↓2.1% | 2,894↑10.8% | 2,611↓5.3% | 2,758↓3.0% | 2,842 | |
| EBITDA | 1,188↓77.4% | 5,252↑31.2% | 4,003↓57.9% | 9,499↓18.6% | 11,676 | |
| EBIT | -1,646↓169.8% | 2,358↑69.4% | 1,392↓79.4% | 6,741↓23.7% | 8,834 | |
| Interest & Other Income | ||||||
| Net Interest Income | -713↓27.8% | -558↓10.1% | -507↓6.1% | -478↑24.6% | -634 | |
| Interest Income | 152↓24.0% | 200↓12.7% | 229↑32.4% | 173↑214.5% | 55 | |
| Interest Expense | 865↑14.1% | 758↑3.0% | 736↑13.1% | 651↓5.5% | 689 | |
| Non-Operating Income | 1,906↑748.3% | -294↓126.2% | 1,124↑179.7% | -1,410↓48.7% | -948 | |
| Other Income / Expenses | -2,771↓497.2% | -464↑75.1% | -1,860↓345.1% | 759↑193.1% | 259 | |
| Income Before Tax | -2,511↓256.9% | 1,600↑143.9% | 656↓89.2% | 6,090↓25.2% | 8,145 | |
| Income Tax Expense | -67↓116.8% | 399↑10075.0% | -4↓100.3% | 1,450↓16.7% | 1,740 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -2,444↓303.5% | 1,201↑82.0% | 660↓85.8% | 4,640↓27.6% | 6,405 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -2,623↓335.0% | 1,116↑89.5% | 589↓87.1% | 4,582↓27.4% | 6,311 | |
| Bottom-Line Net Income | -2,623↓337.6% | 1,104↑91.0% | 578↓87.3% | 4,558↓27.4% | 6,279 | |
| EPS (Basic) | -3.69↓335.0% | 1.57↑91.5% | 0.82↓87.0% | 6.32↓25.1% | 8.44 | |
| EPS (Diluted) | -3.69↓335.0% | 1.57↑91.5% | 0.82↓86.9% | 6.28↓25.1% | 8.38 | |
| Weighted Average Shares | 712↑1.1% | 704↓0.3% | 706↓2.1% | 721↓3.0% | 744 | |
| Weighted Average Diluted Shares | 712↑0.9% | 705↓0.6% | 709↓2.3% | 726↓3.1% | 749 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.