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Dow DOW Return on invested capital

Return on invested capital at other companies

Stepan logo
StepanSCL
1.1%-2.8pp
Eastman Chemical logo
Eastman ChemicalEMN
4.3%-6.6pp
Westlake logo
WestlakeWLK
-13.1%-16.1pp
Celanese Corporation logo
Celanese CorporationCE
-3.8%-0.1pp
LyondellBasell Industries N.V. logo
LyondellBasell Industries N.V.LYB
-1.4%
DuPont de Nemours, Inc. logo
DuPont de Nemours, Inc.DD
1.4%-0.4pp

Other financials

Income statement

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Revenue$12.1B+19.7%
Gross profit$2.2B+272%
Net income$721.0M+186%
EPS (diluted)-$0.93-336%

Balance sheet

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Cash & equivalents$4.1B+63.1%
Total debt$18.7B+5.5%
Total equity$15.9B-8.0%
Total assets$61.6B+4.4%

Cash flow

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Operating cash flow$1.3B+383%
CapEx$632.0M-4.5%
Free cash flow$699.0M+162%

Valuation

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Market cap$21.88B+43.0%
Enterprise value$36.45B+19.5%
P/S0.5×+0.2×

Profitability

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Gross margin9.9%+2.1pp
Net margin-2.7%+0.9pp
FCF margin5.7%-2.6pp

Returns & leverage

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Return on equity-6.7%+3.4pp
Debt / equity1.2×+0.1×
Current ratio1.7×+0.1×

Where this comes from

Calculated from Dow’s reported figures.

Based on trailing twelve months.

The source filing: Dow’s 10-Q, filed July 24, 2026. Open the filing →

Filed
Jul 24, 2026, 7:41 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001751788-26-000147

FAQ

What is Dow's return on invested capital?
Dow (DOW) reported return on invested capital of -0.4% in Q2 2026.
How has Dow's return on invested capital changed year-over-year?
Dow's return on invested capital decreased by 137.7% year-over-year, from 1.1% to -0.4%.
What is the long-term trend for Dow's return on invested capital?
Over 4 years (2020 to 2025), Dow's return on invested capital has grown at a -5.4% compound annual growth rate (CAGR), from 6.2% to -5%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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