Capital Expenditures for Dow (DOW)
According to Dow's latest reported financial statements, the company's current capital expenditures (TTM) is $4.21B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
DOW
Currently viewingCapital ExpendituresSwitch metric
Latest period
$4.21B
YoY change
-19.1%
5Y CAGR
+12.3%
Peak year (2016)
$3.99B
Cumulative capital expenditures
$28.59B
CapEx history chart for Dow (DOW) from 2015 to 2025
CapEx history table for Dow (DOW) from 2015 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $2.48B | -19.1% | ||
| 2024 | $3.06B | +23.7% | ||
| 2023 | $2.48B | +20.4% | ||
| 2022 | $2.06B | -11.4% | ||
| 2021 | $2.32B | +67.6% | ||
| 2020 | $1.39B | -29.6% | ||
| 2019 | $1.97B | -7.8% | ||
| 2018 | $2.14B | -28.6% | ||
| 2017 | $2.99B | -25.0% | ||
| 2016 | $3.99B | +7.8% | ||
| 2015 | $3.70B | — |
CapEx values are taken from Dow's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Dow (DOW) capital expenditures is $2.48B – declined 19.1% year-over-year.
Across 2020–2025 (5 years), Dow capital expenditures produced a CAGR of +12.3% – with the latest reading among the more recent periods of the dataset.
Between 2016 and 2025, Dow capital expenditures plunged 37.9%, falling from $3.99B to $2.48B.
The dataset's maximum capital expenditures sits at $3.99B (2016); the minimum reading of $1.39B dates to 2020.
Among 8 Basic Materials peers, Dow (DOW) ranks 5th; the peer median for capital expenditures is $2.43B.
Dow Capital Expenditures by Year
Dow Capital Expenditures 2025: $2.48B
Dow capital expenditures in 2025 was $2.48B, declined 19.1% below 2024.
Dow Capital Expenditures 2024: $3.06B
Dow capital expenditures in 2024 was $3.06B, grew 23.7% from 2023.
Dow Capital Expenditures 2023: $2.48B
Dow capital expenditures in 2023 was $2.48B, grew 20.4% from 2022.
Dow Capital Expenditures 2022: $2.06B
Dow capital expenditures in 2022 was $2.06B, declined 11.4% below 2021.
Dow Capital Expenditures 2021: $2.32B
Dow capital expenditures in 2021 was $2.32B.
See more financial history for Dow (DOW).
Sector peers — CapEx
Companies in the same sector as Dow, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Linde plc (LIN) | $5.26B | Basic Materials |
| Freeport-McMoRan Inc. (FCX) | $4.49B | Basic Materials |
| Newmont Corporation (NEM) | $3.04B | Basic Materials |
| Agnico Eagle Mines Limited (AEM) | $2.56B | Basic Materials |
| CRH plc (CRH) | $2.31B | Basic Materials |
| Southern Copper Corporation (SCCO) | $1.33B | Basic Materials |
| Ecolab Inc. (ECL) | $1.05B | Basic Materials |
| The Sherwin-Williams Company (SHW) | $797.60M | Basic Materials |
Frequently asked questions
What is Dow's capital expenditures?
- Latest reported capital expenditures for Dow (DOW) is $4.21B (period ending March 31, 2026).
How has Dow capital expenditures changed year-over-year?
- Dow (DOW) capital expenditures changed -19.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Dow capital expenditures?
- Dow (DOW) capital expenditures compound annual growth rate is +12.3% over the most recent 5 years available.
When did Dow capital expenditures hit its highest annual value?
- Dow capital expenditures reached its highest annual value of $3.99B in 2016.
What was Dow capital expenditures in 2024?
- Dow (DOW) capital expenditures in 2024 was $3.06B.
What was Dow capital expenditures in 2025?
- Dow (DOW) capital expenditures in 2025 was $2.48B.
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