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Dow DOW Shares (Diluted)

Discontinued — last reported Q4 '25

Shares (Diluted) at other companies

DuPont de Nemours, Inc. logo
DuPont de Nemours, Inc.DD
412.8M-1.7%
Nordson logo
NordsonNDSN
56.1M-1.6%
Sherwin-Williams logo
Sherwin-WilliamsSHW
248.1M-1.7%
West Pharmaceutical Services logo
West Pharmaceutical ServicesWST
72.4M-0.8%
PPG Industries logo
PPG IndustriesPPG
International Paper logo
International PaperIP

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%

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$23.42B+21.6%
Enterprise value$38.03B+81.4%
P/S0.6×+0.1×

Profitability

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Gross margin6.4%-3.0pp
Net margin-6.8%-7.7pp

Returns & leverage

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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:WeightedAverageNumberOfDilutedSharesOutstanding.

The official record: Dow’s 10-K, filed February 3, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Dow's shares (diluted)?
Dow (DOW) reported shares (diluted) of 711.6M in Q4 2025.
How has Dow's shares (diluted) changed year-over-year?
Dow's shares (diluted) increased by 0.9% year-over-year, from 705.1M to 711.6M.
What does shares (diluted) mean?
The average number of shares outstanding including all potential shares from convertible instruments.
How do you interpret shares (diluted)?
An increase in this number relative to basic shares highlights the potential for future dilution of existing shareholder ownership.
How does shares (diluted) compare across companies?
Standardized across public companies; reflects the complexity of the company's equity incentive and financing structure.