Dow DOW Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 6.4%-3.0pp | 6.3%-4.4pp | 7.1%-3.6pp | 7.8%-3.2pp | 9.4%-2.0pp | |
| Net margin | -6.8%-7.7pp | -6.1%-8.9pp | -2.6%-5.3pp | -2.1%-5.1pp | 0.9%-2.1pp | |
| Returns | ||||||
| Return on equity | -16.7%-18.8pp | -14.7%-21.3pp | -5.8%-12.0pp | -5%-11.6pp | 2.1%-4.6pp | |
| Return on invested capital | -7.1%-10.4pp | -5%-10.4pp | 0.4%— | 1.1%— | 3.3%— | |
| Efficiency | ||||||
| Asset turnover | 0.7×-0.1× | 0.7×-0.1× | 0.7×-0.1× | 0.7×0.0× | 0.7×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.8×+0.3× | 2×+0.4× | 1.9×+0.3× | 1.7×-0.1× | 1.5×-0.3× | |
| Leverage | ||||||
| Debt-to-equity | 1.2×+1.1× | 1.3×+0.2× | 1.1×+0.1× | 1×+0.1× | 0.1×-0.9× | |
| Net debt / EBITDA | 12.4×+12.4× | 13.9×+10.9× | 4.8×— | 4.6×— | -0×— | |
| Valuation | ||||||
| Market capitalization | $29.97B+21.6% | $16.62B-40.9% | $16.25B-57.7% | $19.46B-47.9% | $24.65B-39.6% | |
| Price / sales | 0.8×+0.2× | 0.4×-0.2× | 0.4×-0.5× | 0.5×-0.4× | 0.6×-0.4× | |
| Price / book | 2×+0.5× | 1×-0.6× | 0.9×-1.2× | 1.1×-0.9× | 1.5×-0.7× | |
| EV / EBITDA | 37.8×+32.3× | 27.9×+19.5× | 10.3×— | 10.6×— | 5.5×— | |
| Dividend yield | 4.2%-3.8pp | 9%+2.0pp | 10.6%+5.5pp | 10.1%+4.9pp | 8%+3.2pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Dow's ratios come from?
- Every ratio is computed from Dow's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
