Dow Inc. (LON:0A1S)

Dow Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	41,819	42,964	44,622	56,902	54,968	38,542
Revenue Growth (YoY)	-2.82%	-3.72%	-21.58%	3.52%	42.62%	-10.27%
Cost of Revenue	38,475	38,283	39,565	48,338	44,258	33,346
Gross Profit	3,344	4,681	5,057	8,564	10,710	5,196
Selling, General & Admin	1,213	1,317	1,265	1,337	1,313	1,368
Research & Development	799	810	829	851	857	768
Operating Expenses	2,303	2,437	2,418	2,524	2,558	2,537
Operating Income	1,041	2,244	2,639	6,040	8,152	2,659
Interest Expense	-840	-811	-746	-662	-731	-827
Interest & Investment Income	160	200	229	173	55	38
Earnings From Equity Investments	-99	-6	-119	268	975	-18
Currency Exchange Gain (Loss)	-45	-45	-340	-117	-8	-62
Other Non Operating Income (Expenses)	98	100	125	31	10	84
EBT Excluding Unusual Items	315	1,682	1,788	5,733	8,453	1,874
Merger & Restructuring Charges	-810	-103	-528	-	-6	-812
Gain (Loss) on Sale of Investments	18	18	-18	-	-	-
Gain (Loss) on Sale of Assets	163	60	80	78	121	765
Asset Writedown	-	-	-	-	-	-135
Legal Settlements	-42	-	-55	401	121	549
Other Unusual Items	-134	-57	-611	-122	-544	-170
Pretax Income	-490	1,600	656	6,090	8,145	2,071
Income Tax Expense	396	399	-4	1,450	1,740	777
Earnings From Continuing Operations	-886	1,201	660	4,640	6,405	1,294
Net Income to Company	-886	1,201	660	4,640	6,405	1,294
Minority Interest in Earnings	-95	-85	-71	-58	-94	-69
Net Income	-981	1,116	589	4,582	6,311	1,225
Preferred Dividends & Other Adjustments	12	12	11	24	32	9
Net Income to Common	-993	1,104	578	4,558	6,279	1,216
Net Income Growth	-	89.47%	-87.14%	-27.40%	415.18%	-
Shares Outstanding (Basic)	706	704	706	721	744	741
Shares Outstanding (Diluted)	706	705	709	726	749	742
Shares Change (YoY)	-0.08%	-0.55%	-2.29%	-3.12%	0.90%	-0.03%
EPS (Basic)	-1.41	1.57	0.82	6.32	8.44	1.64
EPS (Diluted)	-1.41	1.57	0.82	6.28	8.38	1.64
EPS Growth	-	91.52%	-86.96%	-25.06%	410.98%	-
Free Cash Flow	-1,915	-354	2,504	5,227	4,593	4,834
Free Cash Flow Per Share	-2.71	-0.50	3.53	7.20	6.13	6.51
Dividend Per Share	2.800	2.800	2.800	2.800	2.800	2.800
Dividend Growth	-	-	-	-	-	33.33%
Gross Margin	8.00%	10.90%	11.33%	15.05%	19.48%	13.48%
Operating Margin	2.49%	5.22%	5.91%	10.62%	14.83%	6.90%
Profit Margin	-2.38%	2.57%	1.29%	8.01%	11.42%	3.16%
Free Cash Flow Margin	-4.58%	-0.82%	5.61%	9.19%	8.36%	12.54%
EBITDA	3,904	5,071	5,180	8,718	10,904	5,437
EBITDA Margin	9.34%	11.80%	11.61%	15.32%	19.84%	14.11%
D&A For EBITDA	2,863	2,827	2,541	2,678	2,752	2,778
EBIT	1,041	2,244	2,639	6,040	8,152	2,659
EBIT Margin	2.49%	5.22%	5.91%	10.62%	14.83%	6.90%
Effective Tax Rate	-	24.94%	-	23.81%	21.36%	37.52%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.