Dow Quarterly Cash Flow Statement
NYSE: DOWIndustrialsMajor ChemicalsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Pre-market: 28.36 -0.26%
Dow free cash flow
In the quarter ended Mar 31, 2026, Dow generated $1.12 billion of operating cash flow and spent $503.0 million on capital expenditures. That left free cash flow of $621.0 million, a free-cash-flow margin of 6.3% of revenue. Dow returned $252.0 million to shareholders through dividends, equal to 41% of free cash flow.
Free cash flow covered dividend payments 2.5 times.
Summary generated from market data by MetaCap's automated system. Methodology
Dow cash flow statement (quarterly)
| Quarter (USD) | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 | Q2 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | -445.00M | -1.48B | 124.00M | -801.00M | -290.00M | -35.00M | 240.00M | 458.00M | 538.00M | -95.00M | 327.00M | 501.00M |
| Net Income growth (YoY) | — | — | -48.33% | -274.89% | -153.90% | — | -26.61% | -8.58% | — | -114.68% | -56.97% | -70.20% |
| Depreciation & Amortization | 719.00M | 708.00M | 688.00M | 724.00M | 714.00M | 751.00M | 741.00M | 682.00M | 720.00M | 657.00M | 657.00M | 649.00M |
| Change in Working Capital | 371.00M | -427.00M | -454.00M | 13.00M | -183.00M | -176.00M | -236.00M | 60.00M | 101.00M | 192.00M | 403.00M | -17.00M |
| Operating Cash Flow | 1.12B | 284.00M | 1.13B | -470.00M | 91.00M | 814.00M | 800.00M | 836.00M | 464.00M | 1.66B | 1.66B | 1.35B |
| Capital Expenditures | -503.00M | -568.00M | -564.00M | -662.00M | -685.00M | -767.00M | -736.00M | -723.00M | -714.00M | — | — | — |
| Investing Cash Flow | -448.00M | -669.00M | -495.00M | -561.00M | -401.00M | -912.00M | -691.00M | -494.00M | -271.00M | -1.08B | -1.01B | -684.00M |
| Dividends Paid | -252.00M | -251.00M | -249.00M | -496.00M | -494.00M | -492.00M | -490.00M | -491.00M | -493.00M | -491.00M | -492.00M | -493.00M |
| Share Repurchases | — | 0 | 0 | 0 | 0 | 0 | -94.00M | -200.00M | -200.00M | -125.00M | -125.00M | -250.00M |
| Debt Issued | 52.00M | 126.00M | 1.54B | 94.00M | 1.01B | 24.00M | 47.00M | 15.00M | 1.38B | 28.00M | 21.00M | 42.00M |
| Debt Repaid | -46.00M | -209.00M | 0 | -157.00M | -957.00M | -6.00M | -8.00M | -6.00M | -63.00M | -91.00M | -35.00M | -164.00M |
| Financing Cash Flow | -320.00M | -433.00M | 1.60B | 1.86B | -521.00M | -445.00M | -594.00M | -695.00M | 566.00M | -711.00M | -497.00M | -1.05B |
| Net Change in Cash | 283.00M | -802.00M | 2.24B | 961.00M | -708.00M | -724.00M | -398.00M | -368.00M | 705.00M | -52.00M | 117.00M | -447.00M |
| Free Cash Flow | 621.00M | -284.00M | 563.00M | -1.13B | -594.00M | 47.00M | 64.00M | 113.00M | -250.00M | 1.66B | 1.66B | 1.35B |
This table shows 12 quarterly periods of Dow's cash flow statement, from Q1 2026 back to Q2 2023, across 13 line items including net income, depreciation & amortization, change in working capital. Values in USD; B = billions, M = millions. Fiscal periods follow DOW's reporting calendar. What is a cash flow statement?