Dow Inc. (DOW) Financial Statements
Dow financial statements at a glance
Dow reported revenue of $39.97 billion for fiscal year 2025 (ended December 31, 2025), down 7.0% from fiscal year 2024. Net income was -$2.63 billion, a net margin of 6.6% loss.
At the end of fiscal year 2025 it had total assets of $58.54 billion, total liabilities of $41.02 billion and shareholders' equity of $16.01 billion, with cash and short-term investments of $3.82 billion and total debt of $19.60 billion.
Its operations brought in $1.03 billion of cash; capital spending was $2.48 billion, leaving free cash flow of -$1.45 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Dow Inc.
Income Statement
Annual • USD
Dow key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $40.0B | $43.0B | $44.6B | $56.9B | $55.0B |
| Gross profit | $2.5B | $4.6B | $4.9B | $8.6B | $10.8B |
| Operating income | $158.0M | $1.8B | $1.6B | $5.6B | $7.9B |
| Net income | -$2.6B | $1.1B | $589.0M | $4.6B | $6.3B |
| Diluted EPS | – | – | – | – | $8.38 |
| Total assets | $58.5B | $57.3B | $58.0B | $60.6B | $63.0B |
| Total liabilities | $41.0B | $40.0B | $39.4B | $39.9B | $44.3B |
| Shareholders' equity | $16.0B | $17.4B | $18.6B | $20.7B | $18.2B |
| Cash and short-term investments | $3.8B | – | – | – | $3.0B |
| Total debt | $19.6B | $16.3B | $15.1B | $15.4B | $16.1B |
| Operating cash flow | $1.0B | $2.9B | $5.2B | $7.5B | $7.0B |
| Capital spending | $2.5B | – | – | – | $2.3B |
| Free cash flow | -$1.4B | – | – | – | $4.7B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Dow's revenue in fiscal year 2025?
$39.97 billion, down 7.0% from $42.96 billion in fiscal year 2024.
How much profit does Dow make?
Dow reported net income of -$2.63 billion for fiscal year 2025 (6.6% of revenue); operating income was $158.00 million.
How much cash and debt does Dow have?
At the end of fiscal year 2025: cash and short-term investments of $3.82 billion and total debt of $19.60 billion.
What is Dow's free cash flow?
-$1.45 billion in fiscal year 2025 (operating cash flow of $1.03 billion minus capital spending of $2.48 billion).
