NYSE$DOW

Dow Inc. · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Dow reported Q3 2025 net sales of $9.97B with net income available to common stockholders of $62M and diluted EPS of $0.09.

Third-quarter net sales fell to $9.97 billion from $10.88 billion a year ago on lower pricing across packaging, industrial intermediates, and performance materials. Net income available to Dow Inc. common stockholders was $62 million; the company continues cost and portfolio actions amid weak macro demand.

  • Q3 net sales $9.97B (-8% YoY) on lower commodity pricing.
  • Net income to common stockholders $62M; diluted EPS $0.09.
  • Packaging & specialty plastics volumes partially offset price declines.
  • Cost savings and asset reviews support cash flow in a weak cycle.

Headline financials

Total Revenue

$9.97B

Previous: $10.9B-8.3%
EPS (adj)

$0.09

Previous: $0.30-70.0%
Cash Flow Conversion

130.2%

No prior period
Operating EBITDA

$868M

No prior period
Capital Expenditures

-$674M

Previous: -$893M+24.5%
Net Income

$62M

Previous: $214M-71.0%
Operating Income

$180M

Previous: $239M-24.7%
Gross Profit

$731M

Previous: $1.07B-31.7%

Revenue & EPS history

Dow · Revenue · Quarterly

$9.97B

Q3 2025-8.3%vs Q3 2024
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Dow · $12.1B total across 4 segments · Q2 2026

  • Packaging & Specialty Plastics
    $6.39B—
  • Industrial Intermediates & Infrastructure
    $3.17B—
  • Performance Materials & Coatings
    $2.36B—
  • Corporate
    $180M—

Forward guidance

The release discusses Dow Inc.'s outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Management discussed operating priorities and capital allocation for upcoming quarters.
  • Dow Inc. cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-1.0%

Avg return

Earnings day

-0.1%

Avg return

5 days after

-1.5%

Avg return

30 days after

42%

14 / 33 earnings

Positive

+13.0%

Q3 2025

Best reaction

-9.4%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026———
Q1 2026-0.8%-2.1%-7.2%
Q4 2025-1.9%+9.8%+10.6%
Q3 2025+13.0%+17.0%+2.3%
Q2 2025+2.0%+2.7%+9.2%
Q1 2025+2.6%+5.7%-2.3%
Q4 2024-6.1%-6.1%-7.2%
Q3 2024-3.5%-3.9%-11.7%
Q2 2024-0.9%+0.7%+0.4%
Q1 2024+0.5%-0.1%+1.4%
Q4 2023+1.8%+2.6%+6.2%
Q3 2023-1.5%-0.3%+6.6%
Q2 2023+2.2%+5.5%+1.9%
Q1 2023-5.1%-1.8%-9.1%
Q4 2022+1.9%+2.5%-0.2%
Q3 2022+3.9%+6.0%+10.9%
Q2 2022-3.2%-2.4%+5.6%
Q1 2022+1.4%-0.3%+0.8%
Q4 2021+4.9%+8.0%+4.2%
Q3 2021-2.5%-2.0%-4.3%
Q2 2021+0.6%+3.7%+1.9%
Q1 2021-4.2%-3.3%+6.2%
Q4 2020-4.6%+0.4%+9.0%
Q3 2020-0.0%-4.1%+12.7%
Q2 2020-3.9%-3.9%-1.7%
Q1 2020-9.4%-10.9%+3.0%
Q4 2019+2.8%-0.9%-14.3%
Q3 2018+3.5%+3.2%+9.6%
Q3 2019+6.9%+9.0%+14.8%
Q2 2019-7.0%-8.3%-22.9%
Q4 2017-7.0%-8.3%-22.9%
Q4 2018-7.0%-8.3%-22.9%
Q2 2018-7.0%-8.3%-22.9%
Q1 2019-5.0%-5.7%-16.7%
Q1 2018———
Q2 2017———
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———
Q3 2012———
Q2 2012———
Q1 2012———

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