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Dow DOW Net debt / EBITDA

Net debt / EBITDA at other companies

LyondellBasell Industries N.V. logo
LyondellBasell Industries N.V.LYB
9.1×
DuPont de Nemours, Inc. logo
DuPont de Nemours, Inc.DD
2.6×-1.0×
PPG Industries logo
PPG IndustriesPPG
1.8×+0.2×
Nordson logo
NordsonNDSN
2.1×-0.7×
International Paper logo
International PaperIP
5.6×
Sherwin-Williams logo
Sherwin-WilliamsSHW
3.5×+0.5×

Other financials

Income statement

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Revenue$9.8B-6.1%
Gross profit$640.0M-4.6%
Net income-$533.0M-73.6%

Balance sheet

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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

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Operating cash flow$1.1B+1,135%
CapEx$503.0M-26.6%
Free cash flow$621.0M+205%

Valuation

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Market cap$23.42B+21.6%
Enterprise value$38.03B+81.4%
P/S0.6×+0.1×

Profitability

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Gross margin6.4%-3.0pp
Net margin-6.8%-7.7pp

Returns & leverage

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Return on equity-16.7%-18.8pp
Debt / equity1.2×+1.1×
Current ratio1.8×+0.3×

Where this comes from

Calculated from Dow’s reported figures.

Based on the most recent quarter.

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 net debt / EBITDA?
Dow (DOW) reported net debt / EBITDA of 12.4× in Q1 2026.
How has Dow's net debt / EBITDA changed year-over-year?
Dow's net debt / EBITDA increased by 82045.0% year-over-year, from -0× to 12.4×.
What is the long-term trend for Dow's net debt / EBITDA?
Over 2 years (2021 to 2025), Dow's net debt / EBITDA has grown at a 93.5% compound annual growth rate (CAGR), from 6.2× to 23.4×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.