Dow Inc. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	39,968	42,964	44,622	56,902	54,968
Revenue Growth (YoY)	-6.97%	-3.72%	-21.58%	3.52%	42.62%
Cost of Revenue	37,435	38,358	39,742	48,338	44,191
Gross Profit	2,533	4,606	4,880	8,564	10,777
Selling, General & Admin	1,392	1,581	1,627	1,675	1,645
Depreciation & Amortization Expenses	231	310	324	336	388
Research & Development	752	810	829	851	857
Other Operating Expenses	1,856	103	528	118	6
Operating Income	-1,698	1,802	1,572	5,584	7,881
Interest Income	152	200	229	173	55
Interest Expense	-865	-811	-746	-662	-731
Other Non-Operating Income (Expense)	-100	409	-399	995	940
Total Non-Operating Income (Expense)	-813	-202	-916	506	264
Pretax Income	-2,511	1,600	656	6,090	8,145
Provision for Income Taxes	-67	399	-4	1,450	1,740
Net Income	-2,623	1,116	589	4,582	6,311
Minority Interest in Earnings	419	91	190	-210	-881
Net Income to Common	-2,623	1,116	589	4,582	6,311
Net Income Growth	-	89.47%	-87.14%	-27.40%	415.18%
Shares Outstanding (Basic)	712	704	706	721	744
Shares Outstanding (Diluted)	712	705	709	726	749
Shares Change (YoY)	0.92%	-0.55%	-2.29%	-3.12%	0.90%
EPS (Basic)	-3.70	1.57	0.82	6.32	8.44
EPS (Diluted)	-3.70	1.57	0.82	6.28	8.38
EPS Growth	-	91.46%	-86.94%	-25.06%	410.98%
Free Cash Flow	-1,604	-229	2,618	5,455	4,722
Free Cash Flow Growth	-	-	-52.01%	15.52%	-4.88%
Free Cash Flow Per Share	-2.25	-0.32	3.69	7.52	6.30
Dividends Per Share	2.100	2.800	2.800	2.800	2.800
Dividend Growth	-25.00%	-	-	-	-
Gross Margin	6.34%	10.72%	10.94%	15.05%	19.61%
Operating Margin	-4.25%	4.19%	3.52%	9.81%	14.34%
Profit Margin	-6.11%	2.80%	1.48%	8.15%	11.65%
FCF Margin	-4.01%	-0.53%	5.87%	9.59%	8.59%
EBITDA	1,136	4,696	4,183	8,342	10,723
EBITDA Margin	2.84%	10.93%	9.37%	14.66%	19.51%
EBIT	-1,698	1,802	1,572	5,584	7,881
EBIT Margin	-4.25%	4.19%	3.52%	9.81%	14.34%
Effective Tax Rate	2.67%	24.94%	-0.61%	23.81%	21.36%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.