TORVANTA
Materials · S&P 500 · data as of 2026-10-05

DOW stock analysis: Dow Inc

Dow Inc (DOW) is an S&P 500 company in Commodity Chemicals. It grades weakest on growth and profitability.

The model's view of DOW · subscribers

Where DOW ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with DOW · updated 2026-10-05 · from prices and SEC filings

DOW price performance

DOW against the S&P 500, one year
+0%+50%DOW +31%S&P 500 +18%2025-09-292026-10-05
Year to date+26.0%S&P 500 +14.5% · ahead by 11.5 pts
1 year+25.5%S&P 500 +17.0% · ahead by 8.5 pts
3 years-32.1%S&P 500 +89.3% · behind by 121.4 pts
5 years-36.7%S&P 500 +91.3% · behind by 128.0 pts

Total returns with dividends reinvested.

DOW factor grades

Each grade compares DOW with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

–ValueFCF yield -1.1% (sector 4.4%)
D-GrowthRevenue growth -8% (sector +6%)
FProfitability
C+Momentum12-month change +26%From 52-wk high -30%

DOW in plain numbers

DOW key statistics

SectorMaterials
IndustryCommodity Chemicals
IndexS&P 500
Market value$20.5B
Revenue growth (y/y)-8%
Free-cash-flow yield-1.1%
Dividend yield4.9%
Next earnings (expected)2026-10-22
Valuation measures
Market value$20.5B
Enterprise value$16.4B
Price / sales0.5x
Price / book1.3x
EV / revenue0.4x
Financial highlights
Revenue, last 12 months$39.3B
Net income, last 12 months-$2.7B
EPS, last 12 months (GAAP)$-4.01
Gross margin6.4%
Net margin-6.8%
Return on equity-16.7%
Cash$4.1B
Free cash flow, last 12 months-$232.0M
Current ratio1.85x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

DOW earnings trends

Revenue vs earnings
-$1.4B$1.7B$4.8B$7.8B$10.9BJun 2024 Revenue: $10.9BSep 2024 Revenue: $10.9BDec 2024 Revenue: $10.4BMar 2025 Revenue: $10.4BJun 2025 Revenue: $10.1BSep 2025 Revenue: $10.0BDec 2025 Revenue: $9.5BMar 2026 Revenue: $9.8BJun 2024 Net income: $439.0MSep 2024 Net income: $214.0MDec 2024 Net income: $32.0MMar 2025 Net income: -$307.0MJun 2025 Net income: -$835.0MSep 2025 Net income: $62.0MDec 2025 Net income: -$1.4BMar 2026 Net income: -$533.0MJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Net margin: 4.0%Net margin: 2.0%Net margin: 0.3%Net margin: -2.9%Net margin: -8.3%Net margin: 0.6%Net margin: -14.4%Net margin: -5.4%-14%-5%4%■ Revenue ■ Net income ━ Net margin
Earnings per share$-2.2$-1.5$-0.8$-0.1$0.6Jun 2024 EPS (GAAP, diluted): $0.6Sep 2024 EPS (GAAP, diluted): $0.3Dec 2024 EPS (GAAP, diluted): $-0.1Mar 2025 EPS (GAAP, diluted): $-0.4Jun 2025 EPS (GAAP, diluted): $-1.2Sep 2025 EPS (GAAP, diluted): $0.1Dec 2025 EPS (GAAP, diluted): $-2.2Mar 2026 EPS (GAAP, diluted): $-0.7Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026■ EPS (GAAP, diluted) Change from a year earlier: Jun 2025 -290% · Sep 2025 -73%

From the company's 10-Q and 10-K filings with the SEC.

Dow Inc financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$55.0B$56.9B$44.6B$43.0B$40.0B
Net income$6.4B$4.6B$660.0M$1.2B-$2.4B
EPS (GAAP)$8.38$6.26$0.82$1.57$-3.71
Free cash flown/an/an/a-$26.0M-$1.4B

DOW earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-04-23$-0.74n/a-6%-0.8%
2026-01-29$-2.17n/a-9%-0.3%
2025-10-23$0.08-73%-8%+12.9%
2025-07-24$-1.18-290%-7%-16.5%
2025-04-24$-0.44-160%-3%+0.7%
2025-01-30$-0.08n/a-2%-4.9%

About Dow Inc

HeadquartersMidland, MI
Industry (SEC code)Plastic Materials, Synth Resins & Nonvulcan Elastomers
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE
FormerlyDow Holdings Inc.

From the company's SEC registration record.

Companies similar to DOW

CompanyMarket valueP/ERevenue growthOperating margin12-month change
DOW Dow Inc$20.5Bn/a-8%n/a+26%
PKG Packaging Corp$20.4B29.8x+10%10.9%+10%compare
IFF Intl Flavors & Fragrances$21.2B73.0x-12%7.6%+37%compare
AMCR Amcor$19.3B21.7x+57%8.1%+8%compare
LYB LyondellBasell$19.1Bn/a-11%3.1%+27%
SW Smurfit Westrock$22.2B44.6x+2%4.7%+5%
PPG PPG Industries$23.5B15.0x+6%n/a+3%

All Materials stock ratings

Frequently asked questions

Is DOW stock a buy?

Torvanta does not tell individuals what to buy. Its grades for DOW are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

When does DOW report earnings next?

Based on its filing history, Torvanta expects Dow Inc to report around 2026-10-22.

Does DOW pay a dividend?

Yes. Its dividend yield is about 4.9%.

How has DOW performed against the S&P 500?

Over the past year DOW returned +25.5%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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