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Operating Income for Dow (DOW)

According to Dow's latest reported financial statements, the company's current operating income (TTM) is -$907.00M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.

Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

Dow Inc. logo
Dow

DOW

TTM (last 4 quarters)

-$907.00M

YoY change

-87.4%

5Y CAGR

-36.8%

Peak year (2021)

$7.89B

Cumulative operating income

$46.61B

Operating Income history chart for Dow (DOW) from 2015 to 2025

Operating Income history table for Dow (DOW) from 2015 to 2025

Fiscal yearPeriod endedReportedOperating IncomeYoY
2025$260.00M-87.4%
2024$2.06B-18.0%
2023$2.52B-52.8%
2022$5.33B-32.4%
2021$7.89B+206.5%
2020$2.57B-28.5%
2019$3.60B-35.4%
2018$5.58B-16.8%
2017$6.70B+24.1%
2016$5.40B+14.9%
2015$4.70B

Operating Income values are taken from Dow's reported income 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) operating income is $260.00M – plunged 87.4% year-over-year.

Across 2020–2025 (5 years), Dow operating income produced a CAGR of -36.8% – with a net decline across the window.

Dow operating income plunged from $7.89B in 2021 to $260.00M in 2025, a 96.7% drawdown.

$7.89B stands as the all-time-high annual operating income, posted in 2021, against a low of $260.00M during 2025.

Within Basic Materials, Dow (DOW) ranks 9th among 8 peers we track. The peer median for operating income is $6.31B.

Dow Operating Income by Year

Dow Operating Income 2025: $260.00M

Dow operating income in 2025 was $260.00M, plunged 87.4% below 2024. This figure represents the lowest annual value in the available history.

Dow Operating Income 2024: $2.06B

Dow operating income in 2024 was $2.06B, declined 18.0% below 2023.

Dow Operating Income 2023: $2.52B

Dow operating income in 2023 was $2.52B, plunged 52.8% below 2022.

Dow Operating Income 2022: $5.33B

Dow operating income in 2022 was $5.33B, plunged 32.4% below 2021.

Dow Operating Income 2021: $7.89B

Dow operating income in 2021 was $7.89B.

See more financial history for Dow (DOW).

Sector peers — Operating Income

Companies in the same sector as Dow, ranked by their latest operating income.

CompanyOperating IncomeSector
Newmont Corporation (NEM)$10.35BBasic Materials
Linde plc (LIN)$8.94BBasic Materials
Southern Copper Corporation (SCCO)$7.00BBasic Materials
Agnico Eagle Mines Limited (AEM)$6.33BBasic Materials
Freeport-McMoRan Inc. (FCX)$6.29BBasic Materials
CRH plc (CRH)$4.53BBasic Materials
The Sherwin-Williams Company (SHW)$3.80BBasic Materials
Ecolab Inc. (ECL)$2.91BBasic Materials

Frequently asked questions

What is Dow's operating income?

Latest reported operating income for Dow (DOW) is -$907.00M (period ending March 31, 2026).

How has Dow operating income changed year-over-year?

Dow (DOW) operating income changed -87.4% year-over-year on the latest annual filing.

What is the long-term growth rate of Dow operating income?

Dow (DOW) operating income compound annual growth rate is -36.8% over the most recent 5 years available.

When did Dow operating income hit its highest annual value?

Dow operating income reached its highest annual value of $7.89B in 2021.

What was Dow operating income in 2024?

Dow (DOW) operating income in 2024 was $2.06B.

What was Dow operating income in 2025?

Dow (DOW) operating income in 2025 was $260.00M.

Metrics overview

Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.