Dow (DOW) Stock Analysis

November 11, 2026

This is a peer-relative look at Dow (DOW): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Materials peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Dow (DOW)
Profile Item	DOW
Name	Dow Inc.
Country/Region	United States
GICS Sector	Materials
GICS Industry Group	Materials
GICS Industry	Chemicals
GICS Sub-Industry	Commodity Chemicals
Market Capitalization	22.73 billion USD
Currency	USD
Exchange	NYSE
Listing Date	March 20, 2019
Security Type	Common Stock

Price Performance

Cumulative Growth

DOW

GSPC

Dow (DOW) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Dow (DOW) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Dow (DOW) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Dow (DOW) metric values compared with Materials industry-group medians
Metric	Current stock: DOW	Industry group median
Total Return (1Y)	46.93%	19.59%
Total Return (3Y, Annualized)	-8.46%	18.91%
Total Return (5Y, Annualized)	-6.94%	5.70%

Risk Profile

Drawdown History

DOW

GSPC

Dow (DOW) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Dow (DOW) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Dow (DOW) metric values compared with Materials industry-group medians
Metric	Current stock: DOW	Industry group median
Volatility (1Y, Annualized)	41.81%	52.82%
Beta (5Y)	0.44	0.97
Max Drawdown (5Y)	-64.37%	-58.44%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. DOW is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Dow (DOW) metric values compared with Materials industry-group medians
Metric	Current stock: DOW	Industry group median
Sharpe Ratio (1Y)	1.02	0.32
Sortino Ratio (1Y)	1.62	0.47

Profitability

ROE (TTM)

Dow (DOW) has negative ROE of -3.24%. That can come from trailing losses or negative book equity, so it is a warning state rather than a clean capital-efficiency measure.

DOW

Materials industry group

-3.24%

Group distribution

Max: 52.88%
Q3: 19.49%
Median: 8.76%
DOW: -3.24%
Q1: -3.41%
Min: -32.81%

Largest peers

SCCO: 52.88%
NEM: 27.26%
BHP: 24.00%
AEM: 23.24%
RIO: 19.31%
LIN: 17.72%
DOW: -3.24%

Where Dow (DOW) stands on ROE within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Dow (DOW) has negative net margin of -2.11%. The trailing period ended in a net loss, so the bottom-line conversion read is a warning rather than a profitability strength.

DOW

Materials industry group

-2.11%

Group distribution

Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
DOW: -2.11%
Min: -20.40%

Largest peers

AEM: 41.01%
SCCO: 37.16%
NEM: 34.73%
RIO: 19.59%
LIN: 19.34%
BHP: 16.73%
DOW: -2.11%

Where Dow (DOW) stands on net margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Dow (DOW) turns 6.78% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

DOW

Materials industry group

6.78%

Group distribution

Max: 66.70%
Q3: 28.92%
Median: 12.56%
DOW: 6.78%
Q1: 3.28%
Min: -14.07%

Largest peers

SCCO: 59.94%
AEM: 55.49%
NEM: 49.99%
BHP: 43.34%
RIO: 28.05%
LIN: 27.97%
DOW: 6.78%

Where Dow (DOW) stands on operating margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Dow (DOW) metric values compared with Materials industry-group medians
Metric	Current stock: DOW	Industry group median
ROE (TTM)	-3.24%	8.76%
ROA (TTM)	1.87%	4.42%
Net Margin (TTM)	-2.11%	5.28%
Operating Margin (TTM)	6.78%	12.56%
Gross Margin (TTM)	11.01%	27.57%

Growth

Revenue Growth

Dow (DOW) grew revenue -6.97%, in the lower peer quartile. The top line is expanding more slowly than at most peers, which can reflect softer demand, lost share, or weaker pricing.

Dow (DOW): Revenue Growth across different time periods, set against Materials industry-group medians.

EPS Growth

Dow (DOW) grew earnings per share -335.67%, below the industry benchmark range. Per-share profits are trailing virtually every peer, which can point to margin pressure, one-off charges, or dilution.

Dow (DOW): EPS Growth across different time periods, set against Materials industry-group medians.

Growth Metrics

Dow (DOW) metric values compared with Materials industry-group medians
Metric	Current stock: DOW	Industry group median
Revenue Growth (YoY)	-6.97%	8.36%
Revenue Growth (3Y CAGR)	-11.11%	0.59%
EPS Growth (YoY)	-335.67%	-1.73%
EPS Growth (3Y CAGR)	--	2.12%

Financial Strength

Current Ratio (MRQ)

Dow (DOW) has current ratio of 1.76, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

DOW

Materials industry group

1.76

Group distribution

Max: 5.96
Q3: 3.30
Median: 2.24
DOW: 1.76
Q1: 1.45
Min: 0.16

Largest peers

SCCO: 4.31
AEM: 2.75
NEM: 2.45
BHP: 1.89
DOW: 1.76
RIO: 1.42
LIN: 0.86

Where Dow (DOW) stands on current ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Dow (DOW) has debt-to-equity ratio of 1.08, in the higher-leverage quartile for its industry. The heavier reliance on borrowing can make earnings, rates, or refinancing conditions matter more.

DOW

Materials industry group

1.08

Group distribution

Max: 1.98
DOW: 1.08
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00

Largest peers

DOW: 1.08
LIN: 0.65
SCCO: 0.63
BHP: 0.50
RIO: 0.32
NEM: 0.16
AEM: 0.01

Where Dow (DOW) stands on debt-to-equity ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Dow (DOW) metric values compared with Materials industry-group medians
Metric	Current stock: DOW	Industry group median
Current Ratio (MRQ)	1.76	2.24
Debt / Equity (MRQ)	1.08	0.47
Net Debt / EBITDA	3.21	1.37

Dividends

Dividend Yield (TTM)

Dow (DOW) has dividend yield of 4.38%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

DOW

Materials industry group

4.38%

Group distribution

Max: 4.52%
DOW: 4.38%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 5.59%
DOW: 4.38%
SCCO: 2.30%
BHP: 2.19%
LIN: 1.21%
AEM: 0.93%
NEM: 0.87%

Where Dow (DOW) stands on dividend yield within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Dow (DOW) has payout ratio of 700.00%, meaning dividends exceeded current-period earnings. The gap would need to be covered by cash, retained earnings, financing, or other sources, so earnings alone do not support the payout.

DOW

Materials industry group

700.00%

Group distribution

DOW: 700.00%
Max: 83.62%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Largest peers

DOW: 700.00%
BHP: 68.84%
RIO: 54.46%
SCCO: 52.43%
LIN: 41.83%
AEM: 14.26%
NEM: 11.95%

Where Dow (DOW) stands on payout ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Dow (DOW) metric values compared with Materials industry-group medians
Metric	Current stock: DOW	Industry group median
Dividend Yield (TTM)	4.38%	0.38%
Dividend Payout Ratio (TTM)	700.00%	9.54%

Valuation

P/E Ratio (TTM)

No usable P/E ratio is available for Dow (DOW) this period, so the trailing-earnings valuation read is skipped.

DOW

Materials industry group

Group distribution

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93
DOW: --

Largest peers

LIN: 34.21
SCCO: 22.27
BHP: 20.70
AEM: 15.61
NEM: 14.03
RIO: 11.35
DOW: --

Dow (DOW) doesn’t report P/E ratio this period; the box shows the Materials group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Dow (DOW) trades at 0.53 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

DOW

Materials industry group

0.53

Group distribution

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
DOW: 0.53
Min: 0.00

Largest peers

SCCO: 8.34
LIN: 6.53
AEM: 6.44
NEM: 4.72
BHP: 3.46
RIO: 2.20
DOW: 0.53

Where Dow (DOW) stands on P/S ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Dow (DOW) trades at 1.41 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

DOW

Materials industry group

1.41

Group distribution

Max: 6.59
Q3: 3.55
Median: 2.08
DOW: 1.41
Q1: 1.26
Min: -0.17

Largest peers

SCCO: 10.89
LIN: 6.00
BHP: 3.98
NEM: 3.53
AEM: 3.27
RIO: 2.08
DOW: 1.41

Where Dow (DOW) stands on P/B ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Dow (DOW) metric values compared with Materials industry-group medians
Metric	Current stock: DOW	Industry group median
P/E Ratio (TTM)	--	18.82
P/S Ratio (TTM)	0.53	1.87
P/B Ratio (MRQ)	1.41	2.08
Free Cash Flow Yield (TTM)	3.95%	3.08%