Dow Inc. income statement

In fiscal 2025, Dow Inc. reported revenue of $39.97bn, down 7.0% on the year before and net income of −$2.62bn, or −$3.70 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Dow Inc.: income statement, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	43.7	49.6	43.0	38.5	55.0	56.9	44.6	43.0	40.0	42.6
Cost of revenue	36.4	41.1	36.7	33.3	44.2	48.3	39.7	38.4	37.4	37.9
Gross profit	7.4	8.5	6.3	5.2	10.8	8.6	4.9	4.6	2.5	4.7
Research and development	0.8	0.8	0.8	0.8	0.9	0.9	0.8	0.8	0.8	0.7
Selling, general and administrative	1.8	1.8	1.6	1.5	1.6	1.7	1.6	1.6	1.4	1.7
Interest expense	0.9	1.1	0.9	0.8	0.7	0.7	0.7	0.8	0.9	0.9
Income before tax	0.2	3.7	−1.2	2.1	8.1	6.1	0.7	1.6	−2.5	—
Income tax	1.5	0.8	0.5	0.8	1.7	1.5	−0.0	0.4	−0.1	—
Net income	0.5	4.6	−1.4	1.2	6.3	4.6	0.6	1.1	−2.6	−0.9
Diluted EPS	$0.60	$6.21	−$1.84	$1.64	$8.38	$6.28	$0.82	$1.57	−$3.70	−$1.24
Diluted shares (average)	745m	747m	743m	742m	749m	726m	709m	705m	712m	723m

US$ billions unless shown otherwise. Fiscal quarters.

Dow Inc.: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	10.4	10.4	10.1	10.0	9.5	9.8	12.1	11.3
Cost of revenue	9.5	9.8	9.5	9.2	8.9	9.2	9.9	9.9
Gross profit	0.9	0.7	0.6	0.7	0.5	0.6	2.2	1.4
Research and development	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2
Selling, general and administrative	0.4	0.4	0.3	0.3	0.3	0.4	0.5	0.4
Interest expense	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2
Income before tax	0.2	−0.4	−0.7	0.1	−1.5	−0.4	—	0.6
Income tax	0.3	−0.1	0.1	−0.1	−0.1	0.1	—	0.1
Net income	−0.1	−0.3	−0.8	0.1	−1.5	−0.5	0.7	0.5
Diluted EPS	−$0.08	−$0.44	−$1.18	$0.08	−$2.17	−$0.74	$0.99	$0.62

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Dow Inc.'s SEC filings (10-K and 10-Q), retrieved October 24, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Dow Inc.