How does Dow (DOW) make money?

Dow (DOW) generates revenue primarily from Packaging & Specialty Plastics, which accounted for 50.6% of total revenue in TTM through Q1 2026. The company reported $39.33B in revenue and converted -7% of it into net profit, equivalent to roughly −$2.76B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Dow (DOW)?

Dow (DOW) reported a gross profit margin of 6.2% in TTM through Q1 2026, equivalent to $2.42B in gross profit on $39.33B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Dow (DOW)?

Dow (DOW) reported an operating profit margin of -2.3% in TTM through Q1 2026, equivalent to −$907.00M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Dow (DOW)?

Dow (DOW) reported a net profit margin of -7% in TTM through Q1 2026, equivalent to −$2.76B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Dow (DOW) profitable?

Dow (DOW) reported a net loss of $2.76B for TTM through Q1 2026, a net profit margin of -7%. Combined operating expenses, interest, and income taxes exceeded revenue, so the period closed in the red on a reported basis.

How much does Dow (DOW) invest in research and development?

Dow (DOW) invested $733.00M in research and development during TTM through Q1 2026, roughly 1.9% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Dow (DOW) spend on capital expenditures?

Dow (DOW) spent $4.21B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 10.7% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Dow (DOW) generate?

Dow (DOW) generated −$1.40B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of -3.5%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of Dow (DOW)?

Dow (DOW) reports revenue across 3 reportable product segments, led by Packaging & Specialty Plastics at 50.6% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Dow (DOW) generate most of its revenue?

U.S.& Canada is the largest geographic market for Dow (DOW), accounting for 39.1% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Dow Makes Money: 2026 Visual Revenue Map

Dow (DOW) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 24, 2026).

Dow (DOW) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Dow (DOW) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Packaging & Specialty Plastics	$19.92B	50.6%
Industrial Intermediates & Infrastructure	$11.12B	28.3%
Performance Materials & Coatings	$8.29B	21.1%
Total	$39.33B	100%

Packaging & Specialty Plastics$19.92B
Industrial Intermediates & Infrastructure$11.12B
Performance Materials & Coatings$8.29B
Total$39.33B

Dow (DOW) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Dow (DOW), TTM through Q1 2026
Region	Revenue (USD)	% of total
U.S.& Canada	$15.38B	39.1%
Europe, Middle East, Africa and India [Domain]	$12.50B	31.8%
Asia Pacific	$7.10B	18%
Latin America	$4.36B	11.1%
Total	$39.33B	100%

U.S.& Canada
Europe, Middle East, Africa and India [Domain]
Asia Pacific
Latin America
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Dow (DOW) reports revenue across 3 operating segments; the largest segment was Packaging & Specialty Plastics at 50.6%, followed by Industrial Intermediates & Infrastructure (28.3%) and Performance Materials & Coatings (21.1%). Separately, by end-market geography, U.S.& Canada accounted for 39.1% of revenue, followed by Europe, Middle East, Africa and India [Domain] (31.8%) and Asia Pacific (18%).

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