Dow Financial Statements
NYSE: DOWIndustrialsMajor ChemicalsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
After hours: 28.42 0.00%
Dow revenue and earnings
In fiscal 2025, Dow generated $39.97 billion in revenue, down 7.0% from fiscal 2024, its first annual decline since 2024. Dow reported a net loss of $2.44 billion, compared with net income of $1.20 billion a year earlier. Gross margin was 6.3% (down from 10.7%).
Diluted earnings per share came in at -$3.70, down from $1.57. Over the last 5 fiscal years, DOW's revenue has grown at a 0.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Dow income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 39.97B | 42.96B | 44.62B | 56.90B | 54.97B | 38.54B | 42.95B | 49.60B | 43.73B |
| Revenue growth (YoY) | -6.97% | -3.72% | -21.58% | +3.52% | +42.62% | -10.27% | -13.41% | +13.43% | — |
| Cost of Revenue | 37.44B | 38.36B | 39.74B | 48.34B | 44.19B | 33.35B | 36.66B | 41.07B | 36.35B |
| Gross Profit | 2.53B | 4.61B | 4.88B | 8.56B | 10.78B | 5.20B | 6.29B | 8.53B | 7.38B |
| Research & Development | 752.00M | 810.00M | 829.00M | 851.00M | 857.00M | 768.00M | 765.00M | 800.00M | 803.00M |
| Selling, General & Admin | 1.39B | 1.58B | 1.63B | 1.68B | 1.65B | 1.47B | 1.59B | 1.78B | 1.79B |
| Interest Expense | 865.00M | 811.00M | 746.00M | 662.00M | 731.00M | 827.00M | 933.00M | 1.06B | 914.00M |
| Other Income (Expense) | 140.00M | 415.00M | -280.00M | 727.00M | -35.00M | 1.27B | 461.00M | 96.00M | -154.00M |
| Pretax Income | -2.51B | 1.60B | 656.00M | 6.09B | 8.14B | 2.07B | -1.25B | 3.75B | 237.00M |
| Income Tax | -67.00M | 399.00M | -4.00M | 1.45B | 1.74B | 777.00M | 470.00M | 809.00M | 1.52B |
| Net Income | -2.44B | 1.20B | 660.00M | 4.64B | 6.41B | 1.29B | -1.27B | 4.78B | 595.00M |
| Net Income growth (YoY) | -303.50% | +81.97% | -85.78% | -27.56% | +394.98% | — | -126.64% | +702.52% | — |
| EPS (Basic) | -3.70 | 1.57 | 0.82 | 6.32 | 8.44 | 1.64 | -1.84 | 6.21 | 0.60 |
| EPS (Diluted) | -3.70 | 1.57 | 0.82 | 6.28 | 8.38 | 1.64 | -1.84 | 6.21 | 0.60 |
| Shares Outstanding (Basic) | 711.60M | 703.80M | 705.70M | 721.00M | 743.60M | 740.50M | 742.50M | 747.20M | 744.80M |
| Shares Outstanding (Diluted) | 711.60M | 705.10M | 709.00M | 725.60M | 749.00M | 742.30M | 742.50M | 747.20M | 744.80M |
| Gross Margin | 6.34% | 10.72% | 10.94% | 15.05% | 19.61% | 13.48% | 14.65% | 17.20% | 16.88% |
| Net Margin | -6.11% | 2.80% | 148.00% | 8.15% | 11.65% | 3.36% | -2.96% | 9.63% | 136.00% |
This table shows 9 annual periods of Dow's income statement, from FY 2025 back to FY 2017, across 16 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow DOW's reporting calendar. What is a income statement?