CX vs. DOW: CEMEX vs. Dow Stock Comparison

November 11, 2026

How do CEMEX (CX) and Dow (DOW) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

CEMEX (CX) and Dow (DOW) both fall under the Materials industry group, but CX is classified in Construction Materials while DOW is classified in Chemicals.

Dow (DOW) trades as ordinary local shares, while CEMEX (CX) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for CEMEX (CX) and Dow (DOW)
Profile Item	CX	DOW
Name	Cemex S.A.B. de C.V. Sponsored ADR	Dow Inc.
Country/Region	Mexico	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Construction Materials	Chemicals
GICS Sub-Industry	Construction Materials	Commodity Chemicals
Market Capitalization	15.47 billion USD	22.73 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 15, 1999	March 20, 2019
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

DOW

GSPC

CEMEX (CX) vs. Dow (DOW), with S&P 500 (GSPC) for reference: 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 CEMEX (CX) and Dow (DOW). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for CEMEX (CX) and Dow (DOW). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for CEMEX (CX) and Dow (DOW)
Metric	CX	DOW
Total Return (1Y)	7.57%	46.93%
Total Return (3Y, Annualized)	17.84%	-8.46%
Total Return (5Y, Annualized)	10.81%	-6.94%

Risk Profile

Drawdown History

DOW

GSPC

CEMEX (CX) vs. Dow (DOW), with S&P 500 (GSPC) for reference: 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 CEMEX (CX) and Dow (DOW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

CEMEX (CX) has an aggressive beta of 1.57, indicating higher sensitivity to broad-market moves, while Dow (DOW) is defensive at 0.44 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for CEMEX (CX) and Dow (DOW)
Metric	CX	DOW
Volatility (1Y, Annualized)	36.82%	41.81%
Beta (5Y)	1.57	0.44
Max Drawdown (5Y)	-53.08%	-64.37%
Avg. Volume (3M)	7.01M	8.52M

Risk-Adjusted Performance

Risk-Return Positioning

CX and DOW are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for CEMEX (CX) and Dow (DOW)
Metric	CX	DOW
Sharpe Ratio (1Y)	0.09	1.02
Sortino Ratio (1Y)	0.14	1.62

Profitability

ROE (TTM)

Dow (DOW) reports a negative ROE of -3.24%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile CEMEX (CX) reports 5.17%, ranking against industry peers normally.

CX

Materials industry group

5.17%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
CX: 5.17%
Q1: -3.41%
Min: -32.81%

DOW

Materials industry group

-3.24%

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

CEMEX (CX) vs. Dow (DOW): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Dow (DOW) reports a negative net margin of -2.11%, usually indicating a net loss over the period. Meanwhile CEMEX (CX) reports 3.60%, ranking against industry peers normally.

CX

Materials industry group

3.60%

Max: 38.66%
Q3: 15.98%
Median: 5.28%
CX: 3.60%
Q1: 0.00%
Min: -20.40%

DOW

Materials industry group

-2.11%

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

CEMEX (CX) vs. Dow (DOW): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both CEMEX (CX) at 14.77% and Dow (DOW) at 6.78% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CX

Materials industry group

14.77%

Max: 66.70%
Q3: 28.92%
CX: 14.77%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

DOW

Materials industry group

6.78%

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

CEMEX (CX) vs. Dow (DOW): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for CEMEX (CX) and Dow (DOW)
Metric	CX	DOW
ROE (TTM)	5.17%	-3.24%
ROA (TTM)	5.07%	1.87%
Net Margin (TTM)	3.60%	-2.11%
Operating Margin (TTM)	14.77%	6.78%
Gross Margin (TTM)	33.48%	11.01%

Growth

Revenue Growth

CEMEX (CX) at 0.43% is around its peer norm for revenue growth, while Dow (DOW) at -6.97% drops into the bottom quartile, signaling weaker demand or pricing momentum.

CEMEX (CX) vs. Dow (DOW): A comparison of their Revenue Growth across different time periods.

EPS Growth

CEMEX (CX) at 2.35% is around its peer norm for EPS growth, while Dow (DOW) at -335.67% falls below its industry range, a notably weak earnings reading.

CEMEX (CX) vs. Dow (DOW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CEMEX (CX) and Dow (DOW)
Metric	CX	DOW
Revenue Growth (YoY)	0.43%	-6.97%
Revenue Growth (3Y CAGR)	3.13%	-11.11%
EPS Growth (YoY)	2.35%	-335.67%
EPS Growth (3Y CAGR)	4.14%	--

Financial Strength

Current Ratio (MRQ)

Dow (DOW) at 1.76 keeps current ratio within its industry’s typical mid-range, while CEMEX (CX) at 0.95 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CX.

CX

Materials industry group

0.95

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
CX: 0.95
Min: 0.16

DOW

Materials industry group

1.76

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

CEMEX (CX) vs. Dow (DOW): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

CEMEX (CX) at 0.46 carries an industry-typical debt-to-equity mix, while Dow (DOW) at 1.08 uses more debt funding than most peers.

CX

Materials industry group

0.46

Max: 1.98
Q3: 0.89
Median: 0.47
CX: 0.46
Q1: 0.13
Min: 0.00

DOW

Materials industry group

1.08

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

CEMEX (CX) vs. Dow (DOW): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for CEMEX (CX) and Dow (DOW)
Metric	CX	DOW
Current Ratio (MRQ)	0.95	1.76
Debt / Equity (MRQ)	0.46	1.08
Net Debt / EBITDA	1.60	3.21

Dividends

Dividend Yield (TTM)

CEMEX (CX) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Dow (DOW) reports a yield of 4.38%, ranking against industry peers normally.

CX

Materials industry group

0.00%

Max: 4.52%
Q3: 1.85%
Median: 0.38%
CX: 0.00%
Q1: 0.00%
Min: 0.00%

DOW

Materials industry group

4.38%

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

CEMEX (CX) vs. Dow (DOW): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Dow (DOW) reports payout ratio above 100% at 700.00%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile CEMEX (CX) reports 67.86%, ranking against industry peers normally.

CX

Materials industry group

67.86%

Max: 83.62%
CX: 67.86%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

DOW

Materials industry group

700.00%

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

CEMEX (CX) vs. Dow (DOW): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for CEMEX (CX) and Dow (DOW)
Metric	CX	DOW
Dividend Yield (TTM)	0.00%	4.38%
Dividend Payout Ratio (TTM)	67.86%	700.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: CEMEX (CX) trades at 67.00 times trailing earnings, ranked against its peers, while Dow (DOW) has no P/E ratio this period.

CX

Materials industry group

67.00

CX: 67.00
Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

DOW

Materials industry group

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

CEMEX (CX) vs. Dow (DOW): DOW does not report P/E ratio, so it has no value marker; CX is benchmarked against the Materials industry group.

P/S Ratio (TTM)

Dow (DOW) at 0.53 sits in the cheaper P/S ratio quartile while CEMEX (CX) at 0.89 prices around its industry’s middle — DOW costs less per dollar of sales, though read it alongside growth and margins.

CX

Materials industry group

0.89

Max: 9.62
Q3: 4.34
Median: 1.87
CX: 0.89
Q1: 0.73
Min: 0.00

DOW

Materials industry group

0.53

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

CEMEX (CX) vs. Dow (DOW): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

CEMEX (CX) at 1.20 sits in the lower P/B ratio quartile against book while Dow (DOW) at 1.41 is valued near its industry’s middle — CX is cheaper on assets, though weigh it against ROE and asset quality.

CX

Materials industry group

1.20

Max: 6.59
Q3: 3.55
Median: 2.08
Q1: 1.26
CX: 1.20
Min: -0.17

DOW

Materials industry group

1.41

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

CEMEX (CX) vs. Dow (DOW): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for CEMEX (CX) and Dow (DOW)
Metric	CX	DOW
P/E Ratio (TTM)	67.00	--
P/S Ratio (TTM)	0.89	0.53
P/B Ratio (MRQ)	1.20	1.41
Free Cash Flow Yield (TTM)	8.86%	3.95%