Dow Inc. (DOW) Stock Price & Analysis
Dow Inc. (DOW) closed at USD 31.81 on Thursday, October 22, 2026, up 4.71% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 30.38; the Oct 22, 2026 session ranged USD 29.83–31.83 on volume of 11,417,968 shares. Market capitalization is $22.98B, with a 52-week range of USD 20.93–42.74 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 08:36 UTC.
Also available as compact Markdown for AI agents: nexqual.com/DOW.md
Latest Earnings Results (DOW)
Dow Inc. (DOW) reported Q3 2026 results on Oct 22, 2026, 6:00:00 AM ET: adjusted EPS $0.71 vs. estimate $0.64 (beat), revenue $11.27B vs. estimate $11.22B (beat). Guidance: Self-help actions are on track to deliver more than $1 billion of EBITDA uplift in both 2026 and 2027. Source: company press release. Nexqual published it 2 min 42 s after release. Read the press release.
| Fiscal period | EPS (reported) | Revenue | Released | Source |
|---|---|---|---|---|
| Q3 2026 | $0.71 (adjusted (non-GAAP) diluted) | $11.27B | Oct 22, 2026, 6:00:00 AM ET · on Nexqual +2 min 42 s | PR Newswire |
Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.
Key facts (DOW)
- Last four reported quarters (through Jun 30, 2026): revenue $41.3B, net income -$1.11B (-2.7% margin) (SEC filings).
- 3 of 80 tracked superinvestors hold DOW (13F, Q2 2026): 1 new, 0 added, 2 reduced, 0 unchanged.
- Analysts: Hold (mean 2.80 on a 1–5 scale) (20 analysts), mean target USD 33.76 (range 29–41).
- Total return with dividends: 1Y +36.2% vs S&P 500 +14.9%; 5Y -28.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 0.55, revenue estimate $10.9B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (DOW)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $55.0B | $56.9B | $44.6B | $43.0B | $40.0B | $41.3B |
| Gross profit | $10.8B | $8.56B | $4.88B | $4.61B | $2.53B | — |
| Net income | $6.41B | $4.64B | $660M | $1.20B | -$2.44B | -$1.11B |
| EPS (diluted) | $8.38 | $6.28 | $0.82 | $1.57 | -$3.70 | — |
| Free cash flow | $5.51B | $5.65B | $2.84B | -$26.0M | -$1.45B | — |
| Gross margin | 19.6% | 15.1% | 10.9% | 10.7% | 6.3% | — |
| Net margin | 11.7% | 8.2% | 1.5% | 2.8% | -6.1% | -2.7% |
| Revenue growth | +42.6% | +3.5% | -21.6% | -3.7% | -7.0% | — |
| Cash + short-term investments | $3.23B | $4.83B | — | — | $3.82B | — |
| Total debt | $14.7B | $15.4B | $15.0B | $16.2B | $17.8B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (DOW)
P/S 0.6x · EV/Sales 0.9x · P/B 1.4x · Earnings yield -4.85% · Dividend yield (paid, TTM) 4.37% · Net debt $13.2B · EV $36.2B
P/E at fiscal year-ends: Dec 2024 23.6x, Dec 2023 58.9x.
Superinvestors (SEC 13F-HR, Q2 2026) (DOW)
3 of 80 tracked investors hold DOW. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Richard Pzena | Pzena Investment Management | 1.00% | $342M | Reduced -34.0% |
| Dodge & Cox Funds | Dodge & Cox | <0.01% | $249K | Reduced -6.2% |
| First Eagle Investment | First Eagle Investment Management | <0.01% | $1.1M | New position |
Analysts (DOW)
Consensus Hold (mean 2.80 on a 1–5 scale), 20 analysts; mean target USD 33.76 (low 29, high 41).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | B of A Securities | Upgrade | Underperform → Neutral | $29 → $31 |
| 2026-10-13 | Barclays | Initiated | Underweight | $30 |
| 2026-10-01 | Mizuho | Target lowered | Neutral | $35 → $32 |
| 2026-09-30 | RBC Capital | Target lowered | Sector Perform | $32 → $29 |
| 2026-09-30 | Citigroup | Downgrade | Buy → Neutral | $35 → $30 |
| 2026-09-25 | UBS | Target lowered | Neutral | $32 → $30 |
| 2026-09-11 | Keybanc | Initiated | Sector Weight | |
| 2026-07-25 | UBS | Target raised | Neutral | $29 → $32 |
| 2026-07-24 | JP Morgan | Target lowered | Overweight | $42 → $40 |
| 2026-07-20 | Morgan Stanley | Target lowered | Equal-Weight | $41 → $39 |
| 2026-07-06 | BMO Capital | Target lowered | Market Perform | $46 → $33 |
| 2026-07-02 | Alembic Global | Target lowered | Overweight | $50 → $45 |
Total return (dividends reinvested) (DOW)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +36.2% | -28.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +36.3% | -6.5% |
| Volatility (annualized) | 41.7% | 32.7% |
| Max drawdown | -34.8% (Mar 2026→Jul 2026) | -63.8% (May 2022→Oct 2025) |
DOW revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Packaging & Specialty Plastics | $6.38B | 52.8% | +27.1% |
| Industrial Intermediates & Infrastructure | $3.17B | 26.2% | +13.6% |
| Performance Materials & Coatings | $2.36B | 19.5% | +10.9% |
| Corporate | $180.0M | 1.5% | +9.8% |
| Total revenue | $12.09B | 100% | — |
DOW revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| U.S. & Canada | $4.78B | 39.5% | +19.9% |
| UNITED STATES | $4.46B | 36.9% | +19.8% |
| EMEAI 1 | $3.93B | 32.5% | +20.1% |
| Europe, Middle East, Africa and India | $3.93B | 32.5% | +20.1% |
| Rest of World | $3.70B | 30.6% | +19.1% |
| Asia Pacific | $1.82B | 15.0% | +4.6% |
| Latin America | $1.56B | 12.9% | +41.2% |
| Total revenue | $12.09B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
DOW company outlook (results filed Oct 22, 2026)
- “In addition, we captured sequential gains from the first of our three European asset shutdowns, where the total benefits are expected to build through 2027.”
- “Volume growth was driven by increased demand for AI infrastructure and energy applications, as well as higher ethylene oxide project-related catalyst sales. 2 Dow reports third quarter 2026 results Performance Materials & Coatings Three Months Ended Sep 30 In millions 3Q26 3Q25 vs.”
- “These priorities are underpinned by our self-help actions, which are on track to deliver more than $1 billion of EBITDA uplift in both 2026 and 2027." Conference Call Dow will host a live webcast of its quarterly earnings conference call with investors to discuss its results, business outlook and other matters today at 8:00 a.m.”
Quoted word-for-word from the SEC 8-K results press release.
DOW analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $0.55 | $0.40 | +37.7% | $10.86B | 10 |
| Next quarter (ends Mar 2027) | $0.38 | $0.35 | +8.4% | $10.61B | 7 |
| Current fiscal year (ends Dec 2026) | $2.57 | $2.55 | +0.9% | $43.87B | 6 |
| Next fiscal year (ends Dec 2027) | $1.81 | $1.84 | -1.9% | $43.09B | 18 |
DOW options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 38.6% | ±4.6% |
| Nov 6, 2026 | 14 | 39.3% | ±6.4% |
| Nov 13, 2026 | 21 | 39.6% | ±7.8% |
| Nov 20, 2026 | 28 | 39.3% | ±8.8% |
| Nov 27, 2026 | 35 | 37.1% | ±9.3% |
| Dec 4, 2026 | 42 | 46.0% | ±12.9% |
| Dec 18, 2026 | 56 | 37.1% | ±12.1% |
| Jan 15, 2027 | 84 | 35.7% | ±14.0% |
30-day implied volatility 37.3% vs 28.1% realized over the last 30 trading days. Put/call ratio (volume) 0.66. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 08:36 UTC)
| Price | USD 31.81 |
|---|---|
| Change | ▲ 4.71% (up) |
| Previous Close | USD 30.38 |
| Open | USD 31 |
| Day Range | USD 29.83 – 31.83 |
| 52-Week Range | USD 20.93 – 42.74 |
| Volume | 11,417,968 shares |
| Market Cap | $22.98B |
| Exchange | NYQ |
Technical Analysis (DOW)
Nexqual's technical model rates DOW "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 08:36 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 71.13 (overbought) |
| vs SMA50 | Above (USD 29.61) |
| MACD | 0.44 (positive) |
Analyst Ratings (DOW)
Wall Street analysts rate DOW "Hold" based on 20 analysts, with a mean price target of USD 33.76 (range USD 29–41), per Nexqual as of October 23, 2026 at 08:36 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 20 |
| Mean Target | USD 33.76 |
| High Target | USD 41 |
| Low Target | USD 29 |
| Buy / Hold / Sell | 5 / 14 / 1 |
Earnings (DOW)
| Next Earnings Date | 2026-10-22 |
|---|---|
| EPS Estimate | USD 0.55 |
| Revenue Estimate | $10.86B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 0.71 vs est 0.64 ▲ beat |
| 2026-06-30 | USD 1.44 vs est 1.28 ▲ beat |
| 2026-03-31 | USD -0.14 vs est -0.29 ▲ beat |
| 2025-12-31 | USD -0.34 vs est -0.51 ▲ beat |
Source: Nexqual, October 23, 2026 at 08:36 UTC.
Financials & Fundamentals (DOW)
| Total Revenue | $41.32B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +19.70% |
| Gross Margin | +9.79% |
| Operating Margin | +11.59% |
| Profit Margin | -3.13% |
| ROE | -5.54% |
| Debt / Equity | 1.12 |
| Current Ratio | 1.75 |
| Total Cash | $4.24B |
| Total Debt | $19.44B |
| Free Cash Flow (fiscal year ended Dec 2025, SEC 10-K) | -$1.45B (-3.6% of revenue) |
Source: Nexqual, October 23, 2026 at 08:36 UTC.
Financial Health Score (DOW)
Nexqual rates Dow Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 08:36 UTC.
| Growth | Weak — Revenue -7% YoY (annual), declining |
|---|---|
| Profitability | Weak — Gross margin 10% (last 12 months) |
| Balance Sheet | Mixed — $3.97B cash and investments vs $17.2B debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$1.45B (FY ended Dec 2025, 10-K), burning cash |
| Efficiency | Critical — ROE -6%, ROA 1.3% |
Ownership (DOW)
| Insider Ownership | +0.20% |
|---|---|
| Institutional Ownership | +79.54% |
| Shares Outstanding | 722.34M |
| Float | 720.59M |
| Short % of Float | +5.33% |
Source: Nexqual, October 23, 2026 at 08:36 UTC.
Leadership (DOW)
Dow Inc. is led by Karen S. Carter, CEO & Director, per Nexqual as of October 23, 2026 at 08:36 UTC.
| CEO & Director | Karen S. Carter |
|---|---|
| Chief Financial Officer | Jeffrey L. Tate |
| Senior Vice President of Operations, Manufacturing & Engineering | John Maurice Sampson |
| Chief Technology & Sustainability Officer | Andre Argenton |
| Vice President of Investor Relations | Andrew Riker |
Major Backers & Investors (DOW)
Notable institutional backers of Dow Inc. include Two Sigma Investments, LP, Capital Group, AQR Capital Management, LLC, according to Nexqual as of October 23, 2026 at 08:36 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Two Sigma Investments, LP | 2.47% |
| Capital Group | 2.18% |
| AQR Capital Management, LLC | 2.17% |
| Growth Fund of America | 2.14% |
| Morgan Stanley | 2.09% |
| Pzena Investment Management LLC | 1.73% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.34% |
| BlackRock | 8.55% |
| State Street | 5.24% |
| Geode Capital | 2.67% |
Source: Nexqual, October 23, 2026 at 08:36 UTC.
From Dow Inc.'s Latest SEC 10-K Filing (filed 2026-02-03)
Key Strengths & Strategy (as disclosed to the SEC)
- Gulf Coast, based on Dow's proprietary process technologies, to meet consumer-driven demand in specialty packaging, health and hygiene, and industrial and consumer packaging applications, was completed in 2025. •Construction of the world's first net-zero Scope 1 and 2 carbon dioxide equivalent ("CO2e") emissions integrated ethylene and derivatives complex in Alberta, Canada.
Partnerships
- In collaboration with Liby, Dow facilitated the integration of 10 percent REVOLOOP™ post-consumer recycled resin into the packaging of its new generation "Floral Era" detergent series, aiming to reduce carbon emissions while preserving pack durability.
- Department of Energy under the Advanced Reactor Demonstration Program and is intended to be operated by a subsidiary of NextEra Energy, one of the nation's major nuclear operators. •Dow continued its collaboration with Hanseatic Energy Hub GmbH ("HEH") as a minority stakeholder and is working with HEH's current members to advance Germany's capabilities to import supplies of liquified natural gas, bio-liquified natural gas and synthetic natural gas through the construction of an import terminal.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| CE | Celanese Corporation | USD 47.22 | ▼ 0.11% |
| MEOH | Methanex Corporation | USD 60.74 | ▼ 3.8% |
| OLN | Olin Corporation | USD 15.54 | ▲ 4.09% |
| HUN | Huntsman Corporation | USD 8.72 | ▲ 5.95% |
| REX | REX American Resources Corporat | USD 39.82 | ▼ 2.4% |
| GPRE | Green Plains, Inc. | USD 13.91 | ▼ 1.77% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 08:36 UTC. This page is informational and not investment advice.
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