{ "ok": true, "cik": "1751788", "ticker": "DOW", "name": "DOW INC.", "filings": [ { "form": "10-Q", "filed": "2026-07-24", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1751788/000175178826000147/0001751788-26-000147-index.htm" }, { "form": "8-K", "filed": "2026-07-23", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1751788/000175178826000144/0001751788-26-000144-index.htm" }, { "form": "8-K", "filed": "2026-07-10", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1751788/000119312526300937/0001193125-26-300937-index.htm" }, { "form": "10-Q", "filed": "2026-04-24", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1751788/000175178826000134/0001751788-26-000134-index.htm" }, { "form": "8-K", "filed": "2026-04-23", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1751788/000175178826000131/0001751788-26-000131-index.htm" }, { "form": "8-K", "filed": "2026-04-14", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "5.07 Submission of Matters to a Vote of Security Holders", "7.01 Regulation FD Disclosure", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1751788/000119312526153769/0001193125-26-153769-index.htm" } ], "events12m": 9, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "2.05", "label": "Restructuring or exit costs", "count": 1, "latest": { "filed": "2026-01-29", "url": "https://www.sec.gov/Archives/edgar/data/1751788/000175178826000009/0001751788-26-000009-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-04-14", "url": "https://www.sec.gov/Archives/edgar/data/1751788/000119312526153769/0001193125-26-153769-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001751788.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1751788" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up DOW INC. ($DOW). Last filing: 10-Q, 2026-07-24. 9 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 39968000000, "revenueGrowth1y": -0.06973279955311429, "revenueGrowthPerYear": -0.0765771428312173, "yearsOfData": 5, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": -0.06114891913530825, "operatingCashFlow": 1032000000, "capitalSpending": 2479000000, "freeCashFlow": -1447000000, "researchAndDevelopment": 752000000, "researchShareOfRevenue": 0.018815052041633307, "cash": 3816000000, "longTermDebt": 18071000000, "longTermDebtChange": 0.1149432379072064, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 54968000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 56902000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 44622000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 42964000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 39968000000 } ], "totalEquity": 16008000000, "totalAssets": 58538000000, "equityRatio": 0.27346339130137687, "returnOnEquity": -0.1526736631684158, "dividendsPaid": 1490000000, "payoutRatio": null, "dividendPerShare": 2.1, "dividendYearsRising": 0, "dividendCut": true, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -3.7, "sharesOutstanding": 711600000, "bookValuePerShare": 22.495784148397977, "revenuePerShare": 56.1663856098932, "range80": { "low": 30801354625.904552, "high": 39952724237.685196, "baseline": 36354594100.56522, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.11770820971091252, "classVolatility": 0.06659579566308972, "volatility": 0.09563007537733137 }, "ifPaceHeld": { "low": 30801354625.904552, "high": 39952724237.685196 } }, "edgarette": "🔖 Exposure: revenue $40.0B (FY2025), total debt $18.1B. Experience: revenue down 7.0% on the year, down 7.7% a year over 4 years. Soundness: equity 27.3% of assets, return on equity -15.3%, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $30.8B and $40.0B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $27.5B to $44.3B. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, plastic materials, synth resins & nonvulcan elastomers): growth -7.0% against -3.4%.", "peers": { "sic": 2821, "sicDescription": "Plastic Materials, Synth Resins & Nonvulcan Elastomers", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "2821", "growth": [ -0.0335, 8 ], "equityRatio": [ 0.4319, 8 ] }, "summary": "Dow (DOW) saw revenue fall 7.0% in FY2025 to $40.0 billion, equity 27.3% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
DOW INC. against its own record and its peers
Revenue, on the yearPeer median -3.4%-7.0%Equity of assetsPeer median 43.2%27.3%Return on equity-15.3%Gold tick: the median of 8–8 peers with $50M+ revenue in plastic materials, synth resins & nonvulcan elastomers
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profitHanded back per share$2.1cut in the latest yearRevenue growth it managed-7.0%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 5, "hits": 3, "rate": 0.6, "method": "v4", "byYear": { "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:32:33.082Z", "hash": "bc98d89a8fb05976", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Dow (DOW) saw revenue fall 7.0% in FY2025 to $40.0 billion, equity 27.3% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 39968000000, "totalDebt": 18071000000, "cash": 3816000000 }, "experience": { "revenueGrowth1y": -0.06973279955311429, "revenueGrowthPerYear": -0.0765771428312173, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": -0.06114891913530825, "freeCashFlow": -1447000000 }, "soundness": { "equityRatio": 0.27346339130137687, "returnOnEquity": -0.1526736631684158, "payoutRatio": null, "dividendPerShare": 2.1, "dividendYearsRising": 0, "dividendCut": true, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 2821, "sicDescription": "Plastic Materials, Synth Resins & Nonvulcan Elastomers", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "2821", "growth": [ -0.0335, 8 ], "equityRatio": [ 0.4319, 8 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "2.05", "label": "Restructuring or exit costs", "count": 1, "latest": { "filed": "2026-01-29", "url": "https://www.sec.gov/Archives/edgar/data/1751788/000175178826000009/0001751788-26-000009-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-04-14", "url": "https://www.sec.gov/Archives/edgar/data/1751788/000119312526153769/0001193125-26-153769-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 30801354625.904552, "high": 39952724237.685196, "baseline": 36354594100.56522, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.11770820971091252, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.09563007537733137, "k": 3 }, "stress": { "low": 27475191364.796288, "high": 44342240645.88318, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 5, "hits": 3, "rate": 0.6, "method": "v4", "byYear": { "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:32:33.082Z", "hash": "bc98d89a8fb05976", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001751788.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1751788" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0258, "growth3y": -0.1111, "volatility": 0.1177, "paysDividend": true, "raisedDividend": false, "equityRatio": 0.2735, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 2.6% of revenue into operating cash; revenue shrinking 11.1% a year over three years; pays a dividend.", "outside": "Among $10B+ companies: 10th percentile for cash, 4th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$10B+", "cashPctInClass": 10, "growthPctInClass": 4, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed restructuring or exit costs in the last 12 months" }, { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 2, "name": "Weathered boat", "plain": "two warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 1032000000, "investing": -2126000000, "financing": 2508000000, "capitalSpending": 2479000000, "free": -1447000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 7009000000, "free": 5508000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 7475000000, "free": 5652000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 5196000000, "free": 2840000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 2914000000, "free": -26000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 1032000000, "free": -1447000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 3816000000, "shortTerm": 115000000, "longTerm": 2088000000, "equityHoldings": null, "totalAssets": 58538000000, "ladder": { "within1y": 115000000, "y1to5": 996000000, "y5to10": 510000000, "y10plus": 582000000, "noSingleDate": null }, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0258, "growth3y": -0.1111, "volatility": 0.1177, "paysDividend": true, "raisedDividend": false, "equityRatio": 0.2735, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 2.6% of revenue into operating cash; revenue shrinking 11.1% a year over three years; pays a dividend.", "outside": "Among $10B+ companies: 10th percentile for cash, 4th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$10B+", "cashPctInClass": 10, "growthPctInClass": 4, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed restructuring or exit costs in the last 12 months" }, { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 2, "name": "Weathered boat", "plain": "two warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 1032000000, "investing": -2126000000, "financing": 2508000000, "capitalSpending": 2479000000, "free": -1447000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 7009000000, "free": 5508000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 7475000000, "free": 5652000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 5196000000, "free": 2840000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 2914000000, "free": -26000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 1032000000, "free": -1447000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 3816000000, "shortTerm": 115000000, "longTerm": 2088000000, "equityHoldings": null, "totalAssets": 58538000000, "ladder": { "within1y": 115000000, "y1to5": 996000000, "y5to10": 510000000, "y10plus": 582000000, "noSingleDate": null }, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }