← DOW INC.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Net sales $43.7b
$49.6b +13.43%
$43.0b -13.41%
$38.5b -10.27%
$55.0b +42.62%
$56.9b +3.52%
$44.6b -21.58%
$43.0b -3.72%
$40.0b -6.97%
$41.3b +3.38%
Revenue from Contract with Customer, Including Assessed Tax $43.7b $49.6b $43.0b $38.5b $55.0b $56.9b $44.6b $43.0b $40.0b —
Cost of Revenue $36.4b
$41.1b +13.00%
$36.7b -10.75%
$33.3b -9.03%
$44.2b +32.52%
$48.3b +9.38%
$39.7b -17.78%
$38.4b -3.48%
$37.4b -2.41%
$37.2b -0.54%
Cost of sales $36.4b
$41.1b +13.00%
$36.7b -10.75%
$33.3b -9.03%
$44.2b +32.52%
$48.3b +9.38%
$39.7b -17.78%
$38.4b -3.48%
$37.4b -2.41%
$37.2b -0.54%
Gross Profit $7.4b
$8.5b +15.58%
$6.3b -26.21%
$5.2b -17.45%
$10.8b +107.41%
$8.6b -20.53%
$4.9b -43.02%
$4.6b -5.61%
$2.5b -45.01%
$4.1b +61.31%
Research and development expenses $803.0m $800.0m $765.0m $768.0m $857.0m $851.0m $829.0m $810.0m $752.0m $752.0m
Selling, General and Administrative Expense $1.8b $1.8b $1.6b $1.5b $1.6b $1.7b $1.6b $1.6b $1.4b $1.6b
Amortization of Intangible Assets $400.0m $469.0m $419.0m $401.0m $388.0m $336.0m $324.0m $310.0m $231.0m —
Amortization of intangibles $400.0m $469.0m $419.0m $401.0m $388.0m $336.0m $324.0m $310.0m $231.0m $178.0m
Restructuring, goodwill impairment and asset related charges - net $2.7b $221.0m $3.2b $708.0m $6.0m $118.0m $528.0m $103.0m $1.9b —
Interest Expense, Debt $914.0m $1.1b $933.0m $827.0m $731.0m $662.0m $746.0m $811.0m $865.0m $869.0m
Interest expense and amortization of debt discount $914.0m $1.1b $933.0m $827.0m $731.0m $662.0m $746.0m $811.0m $865.0m $869.0m
Interest Income, Other $66.0m $82.0m $81.0m $38.0m $55.0m $173.0m $229.0m $200.0m $152.0m $165.0m
Foreign Currency Transaction Gain (Loss), before Tax ($72.0m) ($119.0m) $91.0m ($62.0m) ($8.0m) ($117.0m) ($340.0m) ($45.0m) $39.0m —
Gain (Loss) Related to Litigation Settlement ($137.0m) — $205.0m $544.0m $54.0m $381.0m ($71.0m) — $42.0m —
Gain (Loss) on Derivative Instruments, Net, Pretax ($296.0m) ($1.0m) $85.0m $82.0m ($283.0m) $155.0m — — — —
Income (Loss) from Equity Method Investments $394.0m $555.0m ($94.0m) ($18.0m) $975.0m $268.0m ($119.0m) ($6.0m) ($240.0m) —
Nonoperating Income (Expense) ($154.0m) $96.0m $461.0m $1.3b ($35.0m) $727.0m ($280.0m) $415.0m $140.0m —
Other Nonoperating Income (Expense) $98.0m $124.0m $103.0m $84.0m $10.0m $31.0m $125.0m $100.0m $120.0m —
Income (Loss) from Continuing Operations before Income Taxes, Domestic ($2.2b) $745.0m ($1.2b) ($681.0m) $1.5b $2.4b ($602.0m) $492.0m ($1.8b) ($997.0m)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $237.0m $3.7b ($1.2b) $2.1b $8.1b $6.1b $656.0m $1.6b ($2.5b) ($997.0m)
Current Income Tax Expense (Benefit) $111.0m $1.2b $698.0m $519.0m $1.5b $1.4b $1.2b $264.0m $274.0m ($1.0m)
Income Tax Expense (Benefit) $1.5b $809.0m $470.0m $777.0m $1.7b $1.4b ($4.0m) $399.0m ($67.0m) ($1.0m)
Net income (loss) $595.0m
$4.8b +702.52%
($1.3b) -126.64%
$1.3b +201.73%
$6.4b +394.98%
$4.6b -27.56%
$660.0m -85.78%
$1.2b +81.97%
($2.4b) -303.50%
($1.3b) +46.77%
Net Income (Loss) Attributable to Parent $465.0m
$4.6b +898.06%
($1.4b) -129.28%
$1.2b +190.14%
$6.3b +415.18%
$4.6b -27.40%
$589.0m -87.15%
$1.1b +89.47%
($2.6b) -335.04%
($1.3b) +50.40%
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic ($1.4b) $2.8b ($1.8b) $1.2b $6.3b $4.6b $578.0m $1.1b ($2.6b) ($1.3b)
Net Income (Loss) Attributable to Noncontrolling Interest $130.0m $134.0m $87.0m $69.0m $94.0m $58.0m $71.0m $85.0m $179.0m ($1.3b)
Preferred Stock Dividends, Income Statement Impact $0 $0 — — — — — — — —
Earnings Per Share, Basic $0.60 $6.21 ($1.84) $1.64 $8.44 $6.32 $0.82 $1.57 ($3.70) ($1.83)
Earnings Per Share, Diluted $0.60 $6.21 ($1.84) $1.64 $8.38 $6.28 $0.82 $1.57 ($3.70) ($1.83)
Income (Loss) from Continuing Operations, Per Basic Share ($2) $4 ($2) $2 $8 — — — — —
Income (Loss) from Continuing Operations, Per Diluted Share ($2) $4 ($2) $2 $8 — — — — —
Common Stock, Dividends, Per Share, Declared $1.38 $0.00 $2.10 $2.80 $2.80 $2.80 $2.80 $2.80 $2.10 —
Weighted Average Number of Shares Outstanding, Basic 744.8m 747.2m 742.5m 740.5m 743.6m 721.0m 705.7m 703.8m 711.6m 718.7m
Weighted-average common shares outstanding - basic 744.8m 747.2m 742.5m 740.5m 743.6m 721.0m 705.7m 703.8m 711.6m —
Weighted-average common shares outstanding - diluted 744.8m 747.2m 742.5m 742.3m 749.0m 725.6m 709.0m 705.1m 711.6m —
Weighted Average Number of Shares Outstanding, Diluted 744.8m 747.2m 742.5m 742.3m 749.0m 725.6m 709.0m 705.1m 711.6m 719.2m
Additional Financial Items
Earnings (loss) per common share - basic $1 $6 ($2) $2 $8 $6 $1 $2 ($4) —
Earnings (loss) per common share - diluted $1 $6 ($2) $2 $8 $6 $1 $2 ($4) —
Environmental Remediation Expense $163.0m $176.0m $588.0m $234.0m $158.0m — $203.0m $197.0m $63.0m —
Equity in losses of nonconsolidated affiliates $394.0m $555.0m ($94.0m) ($18.0m) $975.0m $268.0m ($119.0m) ($6.0m) ($240.0m) —
Goodwill, Impairment Loss — — — — — — — — $690.0m —
Sundry income (expense) - net ($154.0m) $96.0m $461.0m $1.3b ($35.0m) $727.0m ($280.0m) $415.0m $140.0m —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent ($1.3b) $2.9b ($1.7b) $1.3b $6.4b $4.6b $660.0m $1.2b ($2.4b) —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $1.9b $1.8b $445.0m $0 $0 — — — — —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.