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%
Operating EBITDA

$868M

No prior period
Cash Flow Conversion

130.2%

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 15 quarters(67%)
ActualEstimate

Revenue by segment

Dow · $10.7B total across 4 segments · Q3 2023

  • Packaging & Spec. Plastics
    $5.45B-25.6%
  • Industrial & Infra
    $3.04B-25.2%
  • Performance Materials
    $2.13B-19.7%
  • Corporate
    $111M+48.0%

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 20 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
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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