Dow (DOW) reported capex of $503M in Q1 2026.

How has Dow's capex changed year-over-year?

Dow's capex decreased by 26.6% year-over-year, from $685M to $503M.

What is the long-term trend for Dow's capex?

Over 4 years (2021 to 2025), Dow's capex has grown at a 13.4% compound annual growth rate (CAGR), from $1.5B to $2.48B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Dow DOW CapEx

CapEx at other companies

StepanSCL

$30.89M-5.7%

Eastman ChemicalEMN

$103M-29.9%

WestlakeWLK

$209M-15.7%

Celanese CorporationCE

$66M-35.3%

HuntsmanHUN

$38M+5.6%

Future FuelFF

$5.39M+34.6%

Segments

By segment

See full

Packaging & Specialty Plastics$418M-18.8%

Performance Materials & Coatings$45M+9.8%

Industrial Intermediates & Infrastructure$40M-69.0%

Corporate Segment$0—

Other financials

Income statement

See full

Revenue$9.8B-6.1%

Gross profit$640.0M-4.6%

Net income-$533.0M-73.6%

EPS (diluted)-$0.93-336%

Balance sheet

See full

Cash & equivalents$4.2B+172%

Total debt$18.8B+1,167%

Total equity$15.2B-9.2%

Total assets$59.8B+4.0%

Cash flow

See full

Operating cash flow$1.1B+1,135%

Free cash flow$621.0M+205%

Valuation

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Market cap$19.72B+4.1%

Enterprise value$34.32B+0.6%

P/S0.5×0.0×

Profitability

See full

Gross margin6.4%-3.0pp

Net margin-6.8%-7.7pp

FCF margin5.7%-2.6pp

Returns & leverage

See full

Return on equity-16.7%-18.8pp

Debt / equity1.2×+1.1×

Current ratio1.8×+0.3×

Where this comes from

Reported directly by Dow in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireMachineryAndEquipment.

The official record: Dow’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Dow's capex?: Dow (DOW) reported capex of $503M in Q1 2026.
How has Dow's capex changed year-over-year?: Dow's capex decreased by 26.6% year-over-year, from $685M to $503M.
What is the long-term trend for Dow's capex?: Over 4 years (2021 to 2025), Dow's capex has grown at a 13.4% compound annual growth rate (CAGR), from $1.5B to $2.48B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.