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DOW DOW Inc.

NYSE, CIK 0001751788, fiscal year ends 12/31. Last price 32.61 on 2026-10-23, market value 23.5 billion dollars.

Machine-readable: DOW.json, DOW.md. Sections: Graham Defensive, Magic Formula, Momentum, Insider, Buffett Quality, Lynch GARP, Graham Enterprising, Piotroski F-Score, earnings record, insiders, filings and links.

PhilosophyScoreStatusCurrent inputs as ofHistory usedPriceVerificationRules
Graham Defensive 46
partial, missing 5
partial: 5 2025-12-31
stale: Revenue, current_assets, current_liabilities, lt_debt, equity, Shares outstanding
2016–2025 2026-10-23 8 verified, 3 mismatch, 19 unverified method
Magic Formula n/a insufficient data (no operating income in XBRL) — — — — method
Momentum 56 ok 2026-10-23 — 2026-10-23 — method
Insider 0 no open-market transactions in window 2026-10-23 — — — method
Buffett Quality 24
partial, missing 5
partial: 5 2026-03-31
stale: Shares outstanding
2016–2025 2026-10-23 0 verified, 36 unverified method
Lynch GARP 12 ok 2026-03-31
stale: debt_incl_current, equity, cash
2020–2025 2026-10-23 0 verified, 5 unverified method
Graham Enterprising 55 ok 2026-03-31
stale: current_assets, current_liabilities, debt_incl_current, equity, Shares outstanding
2020–2025 2026-10-23 0 verified, 11 unverified method
Piotroski F-Score 33
partial, missing 8
partial: 8 — 2024–2026 — 0 verified, 23 unverified method

Market value, source trail

market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used

InputValueUnitPeriod / dateSource
Traded price32.61USD per traded unit (share or ADS)2026-10-23Yahoo Finance
SEC shares outstanding720,741,438underlying shares2026-03-31SEC XBRL EntityCommonStockSharesOutstanding 0001751788-26-000134
Depositary ratio1.0underlying shares per traded unit domestic 10-K filer; SEC shares are the traded units
Market value price date × latest reported shares23,503,378,293USD2026-10-23
shares at 2026-03-31
32.61 (price 2026-10-23) / 1 x 720,741,438 (shares at 2026-03-31) = 23,503,378,293
share count is 206 days older than the price; buybacks or issuance since 2026-03-31 are not reflected

Graham Defensive

46 of 100. partial: 5. How this is scored.

Test or factorValueThresholdPoints
1 Adequate size39.97 revenue $B>= 15.0 / 5
2a Current ratio1.85>= 2.012.7 / 15
2b Long-term debt vs working capital1.93 LTD / WC<= 1.01.0 / 15
3 Positive earnings each of 10 years8 of 1010 of 1012.0 / 15
4 Dividends every year for 20 years 2 year(s) where Yahoo and XBRL disagree7 of 20 missing 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018 XBRL check: 8 years agree, 2 disagree (2016, 2017), 10 unverified20 of 205.25 / 15
5 EPS growth, 3-yr avg now vs 10 yrs ago— missing 2014, 2015>= +33%None / 10
6 P/E on 3-year average EPS average EPS not positive—<= 150.0 / 15
7 P/B <= 1.5, or P/E x P/B <= 22.5P/B 1.54<= 1.5 or <= 22.59.7 / 10
Inputs, 32 numbers with their sources
InputValuePeriodSourceCheck
Price (close, per traded unit)32.612026-10-23Alpaca Market Data (consolidated SIP daily bar)not cross-checked
Revenue39968000000.02025-12-31 staleSEC XBRL Revenues 0001751788-26-000018unverified
current_assets19469000000.02026-03-31 staleSEC XBRL AssetsCurrent 0001751788-26-000134unverified
current_liabilities10536000000.02026-03-31 staleSEC XBRL LiabilitiesCurrent 0001751788-26-000134unverified
lt_debt17254000000.02026-03-31 staleSEC XBRL LongTermDebtAndCapitalLeaseObligations 0001751788-26-000134unverified
equity15249000000.02026-03-31 staleSEC XBRL StockholdersEquity 0001751788-26-000134unverified
Net income FY20164318000000.02016-12-31 historySEC XBRL NetIncomeLoss 0001751788-19-000025unverified
Net income FY2017465000000.02017-12-31 historySEC XBRL NetIncomeLoss 0001751788-19-000025unverified
Net income FY20184641000000.02018-12-31 historySEC XBRL NetIncomeLoss 0001751788-19-000025unverified
Net income FY2019-1272000000.02019-12-31 historySEC XBRL ProfitLoss 0001751788-22-000011unverified
Net income FY20201294000000.02020-12-31 historySEC XBRL ProfitLoss 0001751788-23-000014unverified
Net income FY20216405000000.02021-12-31 historySEC XBRL ProfitLoss 0001751788-24-000010unverified
Net income FY20224640000000.02022-12-31 historySEC XBRL ProfitLoss 0001751788-25-000012unverified
Net income FY2023660000000.02023-12-31 historySEC XBRL ProfitLoss 0001751788-26-000018unverified
Net income FY20241201000000.02024-12-31 historySEC XBRL ProfitLoss 0001751788-26-000018unverified
Net income FY2025-2444000000.02025-12-31 historySEC XBRL ProfitLoss 0001751788-26-000018unverified
Dividend years (Yahoo)[2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] historyYahoo Finance dividend historymismatch
Dividends per share FY2016 (XBRL)1.842016-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0001751788-19-000025mismatch
Dividends per share FY2017 (XBRL)1.382017-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0001751788-20-000007mismatch
Dividends per share FY2018 (XBRL)0.02018-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0001751788-21-000010verified
Dividends per share FY2019 (XBRL)2.12019-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0001751788-22-000011verified
Dividends per share FY2020 (XBRL)2.82020-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0001751788-23-000014verified
Dividends per share FY2021 (XBRL)2.82021-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0001751788-24-000010verified
Dividends per share FY2022 (XBRL)2.82022-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0001751788-25-000012verified
Dividends per share FY2023 (XBRL)2.82023-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0001751788-26-000018verified
Dividends per share FY2024 (XBRL)2.82024-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0001751788-26-000018verified
Dividends per share FY2025 (XBRL)2.12025-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0001751788-26-000018verified
EPS diluted FY20165.732016-12-31 historySEC XBRL EarningsPerShareDiluted 0001751788-19-000025unverified
EPS diluted FY20230.822023-12-31 historySEC XBRL EarningsPerShareDiluted 0001751788-26-000018unverified
EPS diluted FY20241.572024-12-31 historySEC XBRL EarningsPerShareDiluted 0001751788-26-000018unverified
EPS diluted FY2025-3.72025-12-31 historySEC XBRL EarningsPerShareDiluted 0001751788-26-000018unverified
Shares outstanding720741438.02026-03-31 staleSEC XBRL EntityCommonStockSharesOutstanding 0001751788-26-000134not cross-checked

Magic Formula

insufficient data (no operating income in XBRL). How this is scored.

insufficient data (no operating income in XBRL).

Momentum

56 of 100. ok. How this is scored.

Test or factorValueThresholdPoints
12-1 month return22.7 % (percentile 70.4)35.2 / 50
6 month return-13.5 % (percentile 15.9)3.2 / 20
Price / 52-week high0.79611.9 / 15
Volatility penalty (60d annualised)31.2 %6.0 / 15
Inputs, 1 numbers with their sources
InputValuePeriodSourceCheck
Adjusted close series (14 months)32.612026-10-23Yahoo Finance / Alpaca Market Data daily historynot cross-checked

Insider

0 of 100. no open-market transactions in window. How this is scored. Form 4 data loaded through 2026-10-23

Test or factorValueThresholdPoints
Open-market buy value / market cap (percentile among buyers)0.0 bp0.0 / 35
Distinct buyers00.0 / 25
Buyer seniority0.00.0 / 20
Recency (half-life 30d)0.00.0 / 10
Sales penalty (excludes 10b5-1 plan sales)0.0 bp-0.0 / 0
Inputs, 0 numbers with their sources
InputValuePeriodSourceCheck

Buffett Quality

24 of 100. partial: 5. How this is scored.

Test or factorValueThresholdPoints
1 Average return on equity (net income / year-end equity)8.5% over 8 yrs>= 15%1.9 / 25
2 Profitable every year8 of 10all years12.0 / 15
3 Net income growth, 3-yr average now vs start of window growth rate undefinedbase or latest average not positive>= +10%0.0 / 10
4 Borrowings / 3-yr average earnings (years to repay) average earnings not positive—<= 40.0 / 15
5 Operating margin, 5-yr average needs at least 4 of the last 5 years0 years with operating income and revenue>= 20%None / 10
6 Free cash flow / net income, 5-yr (operating cash flow minus capex)1.20>= 1.010.0 / 10
7 Owner-earnings yield (3-yr avg free cash flow / market cap)1.9%>= 7%0.0 / 15
Inputs, 38 numbers with their sources
InputValuePeriodSourceCheck
Price (close, per traded unit)32.612026-10-23Alpaca Market Data (consolidated SIP daily bar)not cross-checked
Net income FY20184641000000.02018-12-31 historySEC XBRL NetIncomeLoss 0001751788-19-000025unverified
Equity at FY2018 end32483000000.02018-12-31 historySEC XBRL StockholdersEquity 0001751788-21-000010unverified
Net income FY2019-1272000000.02019-12-31 historySEC XBRL ProfitLoss 0001751788-22-000011unverified
Equity at FY2019 end13541000000.02019-12-31 historySEC XBRL StockholdersEquity 0001751788-22-000011unverified
Net income FY20201294000000.02020-12-31 historySEC XBRL ProfitLoss 0001751788-23-000014unverified
Equity at FY2020 end12435000000.02020-12-31 historySEC XBRL StockholdersEquity 0001751788-23-000014unverified
Net income FY20216405000000.02021-12-31 historySEC XBRL ProfitLoss 0001751788-24-000010unverified
Equity at FY2021 end18165000000.02021-12-31 historySEC XBRL StockholdersEquity 0001751788-24-000010unverified
Net income FY20224640000000.02022-12-31 historySEC XBRL ProfitLoss 0001751788-25-000012unverified
Equity at FY2022 end20718000000.02022-12-31 historySEC XBRL StockholdersEquity 0001751788-25-000012unverified
Net income FY2023660000000.02023-12-31 historySEC XBRL ProfitLoss 0001751788-26-000018unverified
Equity at FY2023 end18607000000.02023-12-31 historySEC XBRL StockholdersEquity 0001751788-26-000018unverified
Net income FY20241201000000.02024-12-31 historySEC XBRL ProfitLoss 0001751788-26-000018unverified
Equity at FY2024 end17355000000.02024-12-31 historySEC XBRL StockholdersEquity 0001751788-26-000018unverified
Net income FY2025-2444000000.02025-12-31 historySEC XBRL ProfitLoss 0001751788-26-000018unverified
Equity at FY2025 end16008000000.02025-12-31 historySEC XBRL StockholdersEquity 0001751788-26-000134unverified
Net income FY20164318000000.02016-12-31 historySEC XBRL NetIncomeLoss 0001751788-19-000025unverified
Net income FY2017465000000.02017-12-31 historySEC XBRL NetIncomeLoss 0001751788-19-000025unverified
Net income FY20184641000000.02018-12-31 historySEC XBRL NetIncomeLoss 0001751788-19-000025unverified
Net income FY2019-1272000000.02019-12-31 historySEC XBRL ProfitLoss 0001751788-22-000011unverified
Net income FY20201294000000.02020-12-31 historySEC XBRL ProfitLoss 0001751788-23-000014unverified
Net income FY20216405000000.02021-12-31 historySEC XBRL ProfitLoss 0001751788-24-000010unverified
Net income FY20224640000000.02022-12-31 historySEC XBRL ProfitLoss 0001751788-25-000012unverified
Net income FY2023660000000.02023-12-31 historySEC XBRL ProfitLoss 0001751788-26-000018unverified
Net income FY20241201000000.02024-12-31 historySEC XBRL ProfitLoss 0001751788-26-000018unverified
Net income FY2025-2444000000.02025-12-31 historySEC XBRL ProfitLoss 0001751788-26-000018unverified
Operating cash flow FY20217009000000.02021-12-31 historySEC XBRL NetCashProvidedByUsedInOperatingActivities 0001751788-24-000010unverified
Capital expenditure FY20211501000000.02021-12-31 historySEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) 0001751788-24-000010unverified
Operating cash flow FY20227475000000.02022-12-31 historySEC XBRL NetCashProvidedByUsedInOperatingActivities 0001751788-25-000012unverified
Capital expenditure FY20221823000000.02022-12-31 historySEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) 0001751788-25-000012unverified
Operating cash flow FY20235196000000.02023-12-31 historySEC XBRL NetCashProvidedByUsedInOperatingActivities 0001751788-26-000018unverified
Capital expenditure FY20232356000000.02023-12-31 historySEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) 0001751788-26-000018unverified
Operating cash flow FY20242914000000.02024-12-31 historySEC XBRL NetCashProvidedByUsedInOperatingActivities 0001751788-26-000018unverified
Capital expenditure FY20242940000000.02024-12-31 historySEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) 0001751788-26-000018unverified
Operating cash flow FY20251032000000.02025-12-31 historySEC XBRL NetCashProvidedByUsedInOperatingActivities 0001751788-26-000018unverified
Capital expenditure FY20252479000000.02025-12-31 historySEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) 0001751788-26-000018unverified
Shares outstanding720741438.02026-03-31 staleSEC XBRL EntityCommonStockSharesOutstanding 0001751788-26-000134not cross-checked

Lynch GARP

12 of 100. ok. How this is scored.

Test or factorValueThresholdPoints
1 PEG: P/E divided by 5-yr EPS growth (in % points) earnings not positive in both years, or growth not positive: PEG undefined—<= 1.00.0 / 30
2 EPS growth, 5-yr compound rate earnings not positive in both years—12% to 35% a year0.0 / 20
3 P/E on latest annual EPS latest EPS not positive—<= 250.0 / 10
4 Borrowings / equity LongTermDebt (incl. current maturities)1.13<= 0.55.5 / 15
5 Years of the last 5 in which EPS rose2 of 55 of 56.0 / 15
6 Net cash (cash minus borrowings) / market cap-55.9%>= +10%0.0 / 10
Inputs, 6 numbers with their sources
InputValuePeriodSourceCheck
Price (close, per traded unit)32.612026-10-23Alpaca Market Data (consolidated SIP daily bar)not cross-checked
EPS diluted FY2025-3.72025-12-31 historySEC XBRL EarningsPerShareDiluted 0001751788-26-000018unverified
EPS diluted FY20201.642020-12-31 historySEC XBRL EarningsPerShareDiluted 0001751788-23-000014unverified
debt_incl_current17254000000.02026-03-31 staleSEC XBRL LongTermDebtAndCapitalLeaseObligations 0001751788-26-000134unverified
equity15249000000.02026-03-31 staleSEC XBRL StockholdersEquity 0001751788-26-000134unverified
cash4110000000.02026-03-31 staleSEC XBRL CashAndCashEquivalentsAtCarryingValue 0001751788-26-000134unverified

Graham Enterprising

55 of 100. ok. How this is scored.

Test or factorValueThresholdPoints
1 Current ratio1.85>= 1.515.0 / 15
2 Borrowings vs working capital LongTermDebt (incl. current maturities)1.93 x<= 1.1x3.7 / 15
3 No earnings deficit in the last 5 years4 of 5 profitable5 of 512.0 / 15
4 Pays a current dividendyesyes10.0 / 10
5 EPS higher than five years earlier1.64 -> -3.70higher0.0 / 10
6 Price / book value per share book value used because intangibles are not separated in the dataset (Graham uses net tangible assets)1.54<= 1.214.3 / 20
7 Price / net current asset value per share (current assets minus all liabilities) net current asset value not positive—<= 0.670.0 / 15
Inputs, 14 numbers with their sources
InputValuePeriodSourceCheck
Price (close, per traded unit)32.612026-10-23Alpaca Market Data (consolidated SIP daily bar)not cross-checked
current_assets19469000000.02026-03-31 staleSEC XBRL AssetsCurrent 0001751788-26-000134unverified
current_liabilities10536000000.02026-03-31 staleSEC XBRL LiabilitiesCurrent 0001751788-26-000134unverified
debt_incl_current17254000000.02026-03-31 staleSEC XBRL LongTermDebtAndCapitalLeaseObligations 0001751788-26-000134unverified
Net income FY20216405000000.02021-12-31 historySEC XBRL ProfitLoss 0001751788-24-000010unverified
Net income FY20224640000000.02022-12-31 historySEC XBRL ProfitLoss 0001751788-25-000012unverified
Net income FY2023660000000.02023-12-31 historySEC XBRL ProfitLoss 0001751788-26-000018unverified
Net income FY20241201000000.02024-12-31 historySEC XBRL ProfitLoss 0001751788-26-000018unverified
Net income FY2025-2444000000.02025-12-31 historySEC XBRL ProfitLoss 0001751788-26-000018unverified
Dividend years (Yahoo)[2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] historyYahoo Finance dividend historynot cross-checked
EPS diluted FY2025-3.72025-12-31 historySEC XBRL EarningsPerShareDiluted 0001751788-26-000018unverified
EPS diluted FY20201.642020-12-31 historySEC XBRL EarningsPerShareDiluted 0001751788-23-000014unverified
equity15249000000.02026-03-31 staleSEC XBRL StockholdersEquity 0001751788-26-000134unverified
Shares outstanding720741438.02026-03-31 staleSEC XBRL EntityCommonStockSharesOutstanding 0001751788-26-000134not cross-checked

Piotroski F-Score

33 of 100. partial: 8. How this is scored.

Test or factorValueThresholdPoints
1 Return on assets is positive-4.2%pass = 10.0 / 11.11111111111111
2 Operating cash flow is positive1,032Mpass = 111.11111111111111 / 11.11111111111111
3 Return on assets improved on the prior year2.1% -> -4.2%pass = 10.0 / 11.11111111111111
4 Operating cash flow exceeds net income (accruals)1,032M vs -2,444Mpass = 111.11111111111111 / 11.11111111111111
5 Long-term debt / assets fell27.4% -> 30.5%pass = 10.0 / 11.11111111111111
6 Current ratio improved1.61 -> 1.97pass = 111.11111111111111 / 11.11111111111111
7 No new shares issued (share count did not rise)707M -> 721Mpass = 10.0 / 11.11111111111111
8 Operating margin improved (stand-in for gross margin, which the dataset does not carry) an input is not reported for one of the two years—pass = 1None / 11.11111111111111
9 Asset turnover (revenue / assets) improved0.75 -> 0.68pass = 10.0 / 11.11111111111111
Inputs, 23 numbers with their sources
InputValuePeriodSourceCheck
net_income 2025-12-31-2444000000.02025-12-31 historySEC XBRL ProfitLoss 0001751788-26-000018unverified
total_assets 2025-12-3158538000000.02025-12-31 historySEC XBRL Assets 0001751788-26-000134unverified
cfo 2025-12-311032000000.02025-12-31 historySEC XBRL NetCashProvidedByUsedInOperatingActivities 0001751788-26-000018unverified
net_income 2025-12-31-2444000000.02025-12-31 historySEC XBRL ProfitLoss 0001751788-26-000018unverified
net_income 2024-12-311201000000.02024-12-31 historySEC XBRL ProfitLoss 0001751788-26-000018unverified
total_assets 2025-12-3158538000000.02025-12-31 historySEC XBRL Assets 0001751788-26-000134unverified
total_assets 2024-12-3157312000000.02024-12-31 historySEC XBRL Assets 0001751788-26-000018unverified
cfo 2025-12-311032000000.02025-12-31 historySEC XBRL NetCashProvidedByUsedInOperatingActivities 0001751788-26-000018unverified
net_income 2025-12-31-2444000000.02025-12-31 historySEC XBRL ProfitLoss 0001751788-26-000018unverified
lt_debt 2025-12-3117849000000.02025-12-31 historySEC XBRL LongTermDebtAndCapitalLeaseObligations 0001751788-26-000134unverified
lt_debt 2024-12-3115711000000.02024-12-31 historySEC XBRL LongTermDebtAndCapitalLeaseObligations 0001751788-26-000018unverified
total_assets 2025-12-3158538000000.02025-12-31 historySEC XBRL Assets 0001751788-26-000134unverified
total_assets 2024-12-3157312000000.02024-12-31 historySEC XBRL Assets 0001751788-26-000018unverified
current_assets 2025-12-3118062000000.02025-12-31 historySEC XBRL AssetsCurrent 0001751788-26-000134unverified
current_assets 2024-12-3116590000000.02024-12-31 historySEC XBRL AssetsCurrent 0001751788-26-000018unverified
current_liabilities 2025-12-319183000000.02025-12-31 historySEC XBRL LiabilitiesCurrent 0001751788-26-000134unverified
current_liabilities 2024-12-3110288000000.02024-12-31 historySEC XBRL LiabilitiesCurrent 0001751788-26-000018unverified
shares_out 2026-03-31720741438.02026-03-31 historySEC XBRL EntityCommonStockSharesOutstanding 0001751788-26-000134unverified
shares_out 2025-03-31706861738.02025-03-31 historySEC XBRL EntityCommonStockSharesOutstanding 0001751788-25-000129unverified
revenue 2025-12-3139968000000.02025-12-31 historySEC XBRL Revenues 0001751788-26-000018unverified
revenue 2024-12-3142964000000.02024-12-31 historySEC XBRL Revenues 0001751788-26-000018unverified
total_assets 2025-12-3158538000000.02025-12-31 historySEC XBRL Assets 0001751788-26-000134unverified
total_assets 2024-12-3157312000000.02024-12-31 historySEC XBRL Assets 0001751788-26-000018unverified

Earnings record

SEC XBRL, by fiscal year (named by the calendar year it ends in); EPS split-adjusted to today's shares; each row links to the filing.

FYEndedRevenue, $MNet income, $MEPS dilutedDividendFiling
20162016-12-314,3185.73none0001751788-19-000025
20172017-12-314650.6none0001751788-19-000025
20182018-12-3149,6044,6416.21none0001751788-19-000025
20192019-12-3142,951-1,272-1.84paid0001751788-22-000011
20202020-12-3138,5421,2941.64paid0001751788-23-000014
20212021-12-3154,9686,4058.38paid0001751788-24-000010
20222022-12-3156,9024,6406.28paid0001751788-25-000012
20232023-12-3144,6226600.82paid0001751788-26-000018
20242024-12-3142,9641,2011.57paid0001751788-26-000018
20252025-12-3139,968-2,444-3.7paid0001751788-26-000018

Insider transactions

SEC Form 4 open-market purchases and sales from the insider data sets; latest 20.

No open-market transactions in the loaded quarters.