Reading the tape
NYSE: DOW
Dow Inc.
Basic Materials · Chemicals
Market Cap
$26.57B
52w High
$42.74
52w Low
$20.40
P/E
-9.63
Volume
7.51M
Outstanding Shares
720.74M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: 26.09%Revenue (TTM): -7.74%FCF (TTM): -181.82%P/E: 0th pct
What changed
The stock rose 26.09% over the last year. Revenue declined 7.74% over the trailing twelve months. Operating margin moved from 3.49% to -2.31%. Free cash flow declined 181.82% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at -2.31%. A decisive move in revenue — currently down 7.74% — would be the clearest signal to resolve the ambiguity.
Company profile
Dow Inc. provides various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America.
CEOJames R. Fitterling
SectorBasic Materials
IndustryChemicals
Employees36,000
IPO dateMar 20, 2019
Valuation
Forward P/E—
EV/EBITDA27.29
Enterprise value$32.42B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth-6.11%
Gross margin6.16%▼42.21%vs FY2024
Operating margin-2.31%▼86.46%vs FY2024
ROE-16.39%▼354.81%vs FY2024
Analyst consensus
RatingHold
Target price$39.55▲7.27%
11
Buy
19
Hold
5
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 23, 2026
Q3 FY26 · EPS est $1.18 · Revenue est $11.99B
View
Dividends
$1.40/shareQuarterlyEx-div May 29, 2026 · in 20dAt RiskDOW pays a dividend with a 3.8% declared yield, covered -1.0× by free cash flow.
Declared Yield
3.8%
Annual Div / Share
$1.40
TTM $1.75
5yr CAGR
-12.94%
Dividend has been cut
Payout Ratio
—
At Risk
Dividend Growth Rate
3yr CAGR
-20.63%
5yr CAGR
-12.94%
Dividend Safety
0/10At Risk
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$1.40-50.0%
2025$2.80+0.0%
2024$2.80+0.0%
2023$2.80+0.0%
2022$2.80+0.0%
2021$2.80+0.0%
2020$2.80—
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$38/yr
$3/mo
In 5 yrs
$38/yr
$3/mo
In 10 yrs
$38/yr
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$38/yr $3/mo | $38/yr $3/mo | $38/yr $3/mo |
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -0.97× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.
Dividend has been reduced
The 5-year dividend CAGR of -12.94% is negative, indicating the payout has been cut over this period.