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Dow Inc. (DOW)

Basic Materials BalancedS&P 500

Dow Inc. is a global chemical giant that turns raw materials into the essential plastics, coatings, and silicones used in everything from packaging to cars.

$29.03

Is Dow Inc. a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: A dominant player in the essential chemicals market. Worth weighing: Currently experiencing negative profit margins.

No rating · no target price · nothing for sale here
Price-44.4%
= past earnings-report date
Priced in USD. As a UK investor your £ return also moves with the pound-to-dollar exchange rate, even inside an ISA - a stronger pound can trim your £ gains and a weaker pound can add to them, whatever the share price itself does.
52-week range+24% past year
$29.03
Low $20.65High $42.74
Where today's price sits versus its past year - context, not a signal.

Is this normal for this company?

Each figure against the range this same company has produced recently. Neither end of a range is the good end.

Net profit margin
6.0%now
-16.3%6.0%

Profit as a share of sales, from the company's own quarterly statements. The range covers the 5 quarters we hold, and the figure shown is its most recent one.

How these ranges are built

Every number here is the company's own reported figure, not a comparison with other companies. The ranges come from this company's own results and its share price. Where it reports in a different currency from the one its shares trade in, the price-to-earnings range is left out rather than mixing the two.

What does Dow Inc. do?

Dow is a massive industrial player that creates the building blocks for thousands of everyday products. The bulk of the cash is generated by selling these chemicals to other manufacturers, meaning their success is tied closely to the health of the global economy. It comes down to how they juggle costs and demand, since recent profitability has been squeezed by a challenging market environment.

On our factor screen it looks strongest on growth and value, and weakest on quality.

Quick checks
What's strong
  • Growth screens high
What to watch
  • Quality screens low

Does Dow Inc. pay a dividend?

Yes - Dow Inc. currently pays a dividend of about 4.6% a year, which is £46 a year for every £1,000 invested (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it. An ISA doesn't shelter the US tax on this one →

What do the numbers say about Dow Inc.'s dividend?

There's no rating here, and we don't judge whether the dividend will continue - that would be advice. Here are the figures income investors usually look at, and what each one means, so you can weigh it up yourself.

Dividend yield4.6%£46 a year for every £1,000 invested. The yearly dividend as a percentage of today's price. A very high figure often means the price has fallen because the market expects a cut, so a big yield is a question to look into, not a prize.
Payout ratioNot meaningfulThe dividend is larger than recent profits, so the ratio runs past 100% and keeps going. That can mean profits dipped, or that the payout comes partly from cash or capital rather than this year's earnings.
Dividend cover0.1×Profit divided by the dividend (the payout ratio the other way up). As a rough convention many income investors like around 2× or more; below 1× means the company paid out more than it earned that year.

Figures are from the latest available data and can be distorted by one-off results. Past payments don't predict future ones, and a dividend can be cut at any time. This lays out the numbers to help you understand them - it is not a view on what will happen.

Most recent ex-dividend date: 29 May 2026. To receive a dividend you must already own the shares before the ex-dividend date; become a holder on or after it and the previous owner keeps that payment. Why the price usually falls that morning →

Does Dow Inc. have more cash or more debt?

It holds about $4.24B in cash against about $19.44B of debt - so it has net debt of about $15.20B. Debt is not automatically a problem - it funds growth - but it has to be serviced and repaid, which matters more when profits wobble.

From the latest reported balance sheet. Cash and debt levels change, and some borrowing is normal - this is context, not a judgment.

What do Dow Inc.'s numbers mean?

Forward P/E
16.95
This suggests that for every pound of expected annual profit, investors are currently paying about 15 pounds for a share.
Around the middle of the 34 Basic Materials shares we cover
P/S
0.55
This shows the company is valued at less than its total annual sales, which is common for large, established industrial firms.
Lower than most of the 29 Basic Materials shares we cover
Dividend yield
4.6%
This is the annual cash payout to shareholders as a percentage of the share price, which can be an attractive feature for those looking for regular income.
Higher than most of the 34 Basic Materials shares we cover
Beta
0.4
A low number like this indicates the share price tends to be less jumpy and volatile than the wider stock market.

How has it performed?

Growth of £1,000, the worst fall, and year by year
If you had put $1,000 into Dow Inc.
$556-44%

Over about 2 years to 2026-09-11. This is the share price only - reinvesting the dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has Dow Inc. actually fallen?

−63%

Over the last 2 years of daily prices, Dow Inc. fell as much as −63% from a high to a later low. Falls like this are normal when you own a share.

Past falls are not a forecast - it can fall further, or recover.

How has it done year by year?

2022-7%
2023+15%
2024-23%
2025-37%
2026 so far+37%

Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.

A closer look at the numbers

Ownership, earnings history, where the money goes, and the outlook range
Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
$22.58B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
11.44M
Day range: The lowest and highest price the shares traded at during the latest day.
$28.71 – $29.69
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
$20.65 – $42.74
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
4.6%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
0.42

Does the share price tell you if it's cheap or expensive?

One share costs$29.03
Number of shares778 million
So the whole company is worth$22.58bn
A £5 share is not cheaper than a £500 one - it means the company cut itself into more slices. Whether the total looks high or low is what the figures below are for; we don't give a verdict.

Who owns Dow Inc.?

Big institutions 73%Public & smaller investors 27%

About 73% of Dow Inc., or about 73 in every 100 shares, is held by big institutions such as pension and index funds. The rest, roughly 27%, is held by the public and smaller investors.

What this does and doesn't tell you

This is a recent snapshot of the share register, and it moves. We don't read anything into who owns what - a high institutional share is common for any large listed company and is not a signal about it.

How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 0.42
Calm
Wild
Steadier than most

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▼ -3% past week · ▲ +24% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

How much money does Dow Inc. make?

Revenue and profit by quarter, and how much of each sale turns into profit.

RevenueNet income
$0$3.02B$6.05B$9.07B$12.09BQ2 25Q3 25Q4 25Q1 26Q2 26
Gross margin
9.8%
Net margin
-3.1%
Return on equity
-5.5%

When does Dow Inc. report earnings, and how did recent quarters go?

Dow Inc. is next scheduled to report on about 2026-10-22 - dates can move, and we don't predict results; this just tells you when to look.

‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.

Dow Inc.: reported versus expected earnings per share, recent quarters
ReportedExpected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number.Actual EPSvs expected
2026-07-23$1.28$1.44Beat +13%
2026-04-23$-0.29$-0.14Beat +52%
2026-01-29$-0.51$-0.34Beat +34%
2025-10-23$-0.30$-0.19Beat +37%
2025-07-24$-0.17$-0.42Missed -146%
2025-04-24$-0.01$0.02Beat +250%

Across the last 6 quarters here, Dow Inc. came in ahead of what analysts expected 5 times. One quarter is noise, not a trend.

See who else reports over the next two weeks →

Where these figures come from

Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.

What are the scenarios for Dow Inc.?

An illustrative range for the year ahead — not a prediction or a price target.

◀ lowerhigher ▶todayBull▲ UpsideBase• In-lineBear▼ Downside
Bull
+5% to +10%A sudden pick-up in global manufacturing demand.
Base
-2% to +2%Steady, flat demand for industrial chemicals.
Bear
-5% to -10%A slowdown in consumer spending on goods.

What are the pros, cons and common questions?

The case each way, and the questions people ask
The bull case

Innovation in sustainable materials leads to new revenue streams.

The bear case

Failure to adapt to stricter environmental regulations.

What are the pros and cons of Dow Inc.?

3bull points
6bear points

A balance check, not a score or verdict.

The bull case3
  • A dominant player in the essential chemicals market
  • Provides a steady dividend income for investors
  • Lower price volatility compared to the broader market
The catch3
  • Currently experiencing negative profit margins
  • Revenue is shrinking year-over-year
  • Highly sensitive to the ups and downs of the global economy
Key risks3
  • Rising costs of raw materials and energy
  • Stricter environmental laws impacting production methods
  • Weak demand from major industries like construction and automotive
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

  • A return to consistent, positive net profit margins
  • A significant shift in revenue growth from negative to positive

Common questions about Dow Inc.

Does Dow Inc. pay a dividend?

Yes - Dow Inc. currently pays a dividend of about 4.6% a year. Dividends are a share of profit paid to holders; the yield moves with the price and payouts can be cut.

When does Dow Inc. report earnings next?

Dow Inc. is next scheduled to report results on about 2026-10-22. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.

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Confidence: medium · data: USD · flags: pe, earnings_growth · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Prices as of 11 Sep 2026; other figures as of 11 Aug 2026. Prices may be delayed and numbers can go stale - always double-check before acting.