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Dow Business Segments

Business, geographic, and product segment breakdowns

Dow generates $39.3B in annual revenue across 4 key segments: Corporate Segment ($675.0M), Industrial Intermediates & Infrastructure ($10.9B), Packaging & Specialty Plastics ($19.6B), and Performance Materials & Coatings ($8.1B). Based on the Q1 2026 filing.

Corporate Segment (TTM)$675.0MIndustrial Intermediates & Infrastructure (TTM)$10.9BPackaging & Specialty Plastics (TTM)$19.6BPerformance Materials & Coatings (TTM)$8.1B
Latest FilingQ1 2026
Report Date2026-04-24
Market Cap$24.2B
ROE-16.67%

Geographic

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S.Canada$4B$4.2B$4B$3.9B$3.7B$3.8B
EMEAI 1$3.3B$3.3B$3.3B$3.1B$3B$3.2B
Asia Pacific$2B$1.9B$1.7B$1.8B$1.8B$1.7B
Latin America$1.1B$1.1B$1.1B$1.1B$1B$1.1B

Net property (variable interest entities restricted)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
UNITED STATES$15.2B$15.2B$15.1B$14.9B$14.8B$14.6B
Rest of World$4.1B$4.3B$4.6B$4.8B$4.7B$4.9B
Europe, Middle East, Africa and India$2.7B$2.8B$2.8B$2.8B$2.8B$2.7B

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
UNITED STATES$3.7B$3.9B$3.7B$3.7B$3.4B$3.5B
Europe, Middle East, Africa and India$3.3B$3.3B$3.3B$3.1B$3B$3.2B
Rest of World$3.4B$3.2B$3.1B$3.2B$3.1B$3.1B

Business Segments

CapEx

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate Segment$0—————

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Packaging & Specialty Plastics$385M$360M$369M$349M$361M$382M
Performance Materials & Coatings$198M$200M$192M$174M$174M$181M
Industrial Intermediates & Infrastructure$156M$146M$153M$158M$165M$148M
Corporate Segment$9M—————

Investment in nonconsolidated affiliates

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Packaging & Specialty Plastics$711M$740M$686M$675M$677M$666M
Industrial Intermediates & Infrastructure$367M$348M$386M$401M$413M$301M
Performance Materials & Coatings$146M$142M$145M$143M$137M$134M
Corporate Segment$42M—————

Restructuring Incurred Cost Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate Segment$70.3M—————
Industrial Intermediates & Infrastructure$2M—————
Packaging & Specialty Plastics$9.3M—————
Performance Materials & Coatings-$2.8M—————

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Packaging & Specialty Plastics$5.3B$5.3B$5B$4.9B$4.7B$4.9B
Industrial Intermediates & Infrastructure$2.9B$2.9B$2.8B$2.8B$2.7B$2.6B
Performance Materials & Coatings$2B$2.1B$2.1B$2.1B$1.9B$2.1B
Corporate Segment$177M$195M$164M$166M$176M$169M

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Packaging & Specialty Plastics$29B$29B$29.8B$31B$30.3B$31.5B
Performance Materials & Coatings$11.2B$11.4B$11.6B$11.9B$11.4B$11.9B
Industrial Intermediates & Infrastructure$11.9B$11.8B$12.3B$12.7B$11.3B$10.8B
Corporate Segment$5.2B—————

Equity in losses of nonconsolidated affiliates

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Industrial Intermediates & Infrastructure-$39M-$58M-$39M-$68M-$117M-$31M
Packaging & Specialty Plastics—$39M$7M-$6M—$18M
Performance Materials & Coatings$2M$0$1M$1M$3M$1M

Gain (Loss) Related to Litigation Settlement

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Packaging & Specialty Plastics—$0$0$0$0$26M
Industrial Intermediates & Infrastructure—$0$0$0$0$0
Performance Materials & Coatings—$0$0$0$0$0

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Packaging & Specialty Plastics$5.3B$5.3B$5B$4.9B$4.7B$4.9B
Industrial Intermediates & Infrastructure$2.9B$2.9B$2.8B$2.8B$2.7B$2.6B
Performance Materials & Coatings$2B$2.1B$2.1B$2.1B$1.9B$2.1B

Operating Cost of Goods and Services Sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Packaging & Specialty Plastics$4.7B$4.8B$4.7B$4.5B$4.3B$4.5B
Industrial Intermediates & Infrastructure$2.7B$2.8B$2.8B$2.7B$2.7B$2.6B
Performance Materials & Coatings$1.8B$1.8B$1.8B$1.9B$1.7B$1.8B

Operating EBIT

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Packaging & Specialty Plastics$447M$342M$71M$199M$215M$208M
Industrial Intermediates & Infrastructure$84M-$128M-$185M-$47M-$201M-$118M
Performance Materials & Coatings$0$49M$152M$80M$25M$117M

Other Nonrecurring (Income) Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Industrial Intermediates & Infrastructure$0-$1M$14M-$6M-$922M-$211M
Packaging & Specialty Plastics$0$0-$158M-$3M-$75M-$56M
Performance Materials & Coatings$18M$0-$147M-$3M$0$0

Payments to Acquire Productive Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Packaging & Specialty Plastics$515M$515M$510M$433M$453M$418M
Performance Materials & Coatings$74M$41M$50M$59M$67M$45M
Industrial Intermediates & Infrastructure$178M$129M$102M$72M$48M$40M

Restructuring Charges

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Packaging & Specialty Plastics—$0$158M$3M—$1M
Industrial Intermediates & Infrastructure—$1M$89M$6M—$0
Performance Materials & Coatings—$0$147M$3M—$0

Sadara guarantee liability adjustment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Industrial Intermediates & Infrastructure—————-$211M
Packaging & Specialty Plastics—————-$81M
Performance Materials & Coatings—————$0

SARD

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Packaging & Specialty Plastics$209M$240M$221M$222M$207M$212M
Performance Materials & Coatings$167M$151M$147M$158M$152M$164M
Industrial Intermediates & Infrastructure$121M$127M$116M$122M$118M$129M

Segment Reporting, Other Segment Item, Amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Industrial Intermediates & Infrastructure$39M$24M$16M$23M$27M$25M
Packaging & Specialty Plastics$8M-$2M-$12M$10M$10M$19M
Performance Materials & Coatings-$20M-$26M-$17M$6M-$4M-$7M

Transform to Outperform

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Industrial Intermediates & Infrastructure—————$0
Packaging & Specialty Plastics—————$0
Performance Materials & Coatings—————$0

Proceeds from Divestiture of Businesses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Packaging & Specialty Plastics$28.8M—————