Dow DOW Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 27.6%-14.2pp | 30.7%-13.1pp | 35%-9.0pp | 38.7%-5.7pp | 41.8%-3.2pp | |
| Net margin | -17.6%-26.9pp | -9.9%-21.3pp | -1%-11.2pp | 4.2%-6.2pp | 9.3%-1.9pp | |
| EBITDA margin | 21.1%— | 28.7%— | 38.1%— | —— | —— | |
| Returns | ||||||
| Return on equity | -42.2%-63.8pp | -23.4%-49.6pp | -2.1%-25.1pp | 10%-14.1pp | 21.6%-5.2pp | |
| Return on assets | -12%-18.9pp | -6.8%-15.3pp | -0.5%-8.0pp | 3.2%-4.6pp | 6.9%-1.8pp | |
| Return on invested capital | -10.7%— | -0.3%— | 10.2%— | —— | —— | |
| Efficiency | ||||||
| Asset turnover | 2.8×-0.2× | 2.8×-0.1× | 2.9×-0.1× | 2.9×-0.1× | 2.9×-0.1× | |
| Inventory turnover | 21.4×-1.2× | 21.8×-0.8× | 22.2×-0.4× | 22.4×0.0× | 22.6×+0.3× | |
| Liquidity | ||||||
| Current ratio | 7.4×+0.9× | 7.1×+0.3× | 6.8×-0.2× | 6.5×-0.6× | 6.6×-0.7× | |
| Quick ratio | 4.6×+0.7× | 4.3×+0.2× | 4.1×-0.3× | 3.8×-0.7× | 3.9×-0.7× | |
| Cash ratio | 1.5×+0.6× | 1.3×+0.1× | 1.1×-0.2× | 0.9×-0.4× | 1×-0.3× | |
| Leverage | ||||||
| Debt-to-equity | 4.6×+1.6× | 3.5×-0.5× | 3.3×-0.5× | 3.1×-0.5× | 3.1×-0.4× | |
| Debt-to-assets | 1.3×+0.3× | 1×-0.2× | 1×-0.2× | 0.9×-0.2× | 0.9×-0.2× | |
| Net debt / EBITDA | 35.8×— | 23.4×— | 12.5×— | —— | —— | |
| Interest coverage | -3.3×— | 0.6×— | 5.5×— | —— | —— | |
| Valuation | ||||||
| Market capitalization | $82.3B-36.0% | $76.98B-46.8% | $88.45B-43.0% | $110.65B-27.7% | $128.56B-16.1% | |
| Enterprise value | $143.1B-17.5% | $123.1B-39.5% | $134.35B-36.6% | $156.72B-24.8% | $173.54B-16.4% | |
| Price / sales | 2×-1.0× | 1.9×-1.5× | 2.1×-1.5× | 2.6×-0.9× | 3×-0.4× | |
| Price / book | 5.1×-2.2× | 4.6×-3.4× | 5.1×-3.3× | 6.3×-1.9× | 7.2×-0.8× | |
| EV / EBITDA | 86.5×— | 54.2×— | 34.7×— | —— | —— | |
| EV / sales | 3.5×-0.5× | 3×-1.7× | 3.2×-1.7× | 3.7×-1.0× | 4×-0.5× | |
| Earnings yield | -34.7%-46.9pp | -24.2%-38.1pp | -5.2%-16.6pp | 4.2%-7.9pp | 12.2%-1.3pp | |
| Dividend yield | 33.9%+8.6pp | 37.7%+15.5pp | 35.8%+15.5pp | 30.2%+9.6pp | 25.4%+4.7pp |
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.
