Dow (DOW) reported SG&A of $417M in Q1 2026.

How has Dow's SG&A changed year-over-year?

Dow's SG&A increased by 13.9% year-over-year, from $366M to $417M.

What is the long-term trend for Dow's SG&A?

Over 4 years (2021 to 2025), Dow's SG&A has grown at a -4.1% compound annual growth rate (CAGR), from $1.65B to $1.39B.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

Dow DOW SG&A

SG&A at other companies

Eastman ChemicalEMN

$178M-2.2%

WestlakeWLK

$236M+4.0%

Celanese CorporationCE

$226M-2.2%

LyondellBasell Industries N.V.LYB

$411M+2.5%

Westlake Chemical PartnersWLKP

$7.19M-3.8%

DuPont de Nemours, Inc.DD

$255M+9.0%

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%

EPS (diluted)-$0.93-336%

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$19.72B+4.1%

Enterprise value$34.32B+0.6%

P/S0.5×0.0×

Profitability

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Gross margin6.4%-3.0pp

Net margin-6.8%-7.7pp

FCF margin5.7%-2.6pp

Returns & leverage

See full

Return on equity-16.7%-18.8pp

Debt / equity1.2×+1.1×

Current ratio1.8×+0.3×

Where this comes from

Reported directly by Dow in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

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 SG&A?: Dow (DOW) reported SG&A of $417M in Q1 2026.
How has Dow's SG&A changed year-over-year?: Dow's SG&A increased by 13.9% year-over-year, from $366M to $417M.
What is the long-term trend for Dow's SG&A?: Over 4 years (2021 to 2025), Dow's SG&A has grown at a -4.1% compound annual growth rate (CAGR), from $1.65B to $1.39B.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.