Dow Inc
NYSE:DOW
Income Statement
Earnings Waterfall
Dow Inc
Income Statement
Dow Inc
| Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||
| Interest Expense |
914
|
957
|
992
|
994
|
1 063
|
1 042
|
1 018
|
993
|
933
|
925
|
887
|
852
|
878
|
841
|
829
|
809
|
731
|
702
|
680
|
657
|
662
|
680
|
687
|
724
|
746
|
760
|
785
|
792
|
811
|
828
|
0
|
0
|
865
|
|
| Revenue |
43 730
N/A
|
42 737
-2%
|
41 692
-2%
|
40 693
-2%
|
49 604
+22%
|
48 336
-3%
|
46 561
-4%
|
44 691
-4%
|
42 951
-4%
|
41 752
-3%
|
39 092
-6%
|
38 040
-3%
|
38 542
+1%
|
40 654
+5%
|
46 185
+14%
|
51 310
+11%
|
54 968
+7%
|
58 350
+6%
|
60 129
+3%
|
59 407
-1%
|
56 902
-4%
|
53 489
-6%
|
49 245
-8%
|
45 860
-7%
|
44 622
-3%
|
43 536
-2%
|
43 031
-1%
|
43 180
+0%
|
42 964
-1%
|
42 630
-1%
|
41 819
-2%
|
40 913
-2%
|
39 968
-2%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(36 350)
|
(36 136)
|
(35 915)
|
(35 708)
|
(41 074)
|
(40 232)
|
(39 112)
|
(38 033)
|
(36 657)
|
(35 749)
|
(33 933)
|
(32 915)
|
(33 329)
|
(35 157)
|
(38 293)
|
(41 545)
|
(44 191)
|
(46 531)
|
(48 690)
|
(49 460)
|
(48 338)
|
(46 565)
|
(43 541)
|
(40 752)
|
(39 671)
|
(38 601)
|
(38 317)
|
(38 534)
|
(38 283)
|
(38 532)
|
(38 504)
|
(37 940)
|
(37 382)
|
|
| Gross Profit |
7 380
N/A
|
6 601
-11%
|
5 777
-12%
|
4 985
-14%
|
8 530
+71%
|
8 104
-5%
|
7 449
-8%
|
6 658
-11%
|
6 294
-5%
|
6 003
-5%
|
5 159
-14%
|
5 125
-1%
|
5 213
+2%
|
5 497
+5%
|
7 892
+44%
|
9 765
+24%
|
10 777
+10%
|
11 819
+10%
|
11 439
-3%
|
9 947
-13%
|
8 564
-14%
|
6 924
-19%
|
5 704
-18%
|
5 108
-10%
|
4 951
-3%
|
4 935
0%
|
4 714
-4%
|
4 646
-1%
|
4 681
+1%
|
4 098
-12%
|
3 315
-19%
|
2 973
-10%
|
2 586
-13%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Expenses |
(2 998)
|
(2 473)
|
(2 012)
|
(1 444)
|
(3 051)
|
(2 997)
|
(2 907)
|
(2 870)
|
(2 774)
|
(2 633)
|
(2 538)
|
(2 521)
|
(2 640)
|
(2 688)
|
(2 817)
|
(2 865)
|
(2 890)
|
(3 033)
|
(3 002)
|
(2 919)
|
(2 862)
|
(2 781)
|
(2 738)
|
(2 766)
|
(2 780)
|
(2 784)
|
(2 753)
|
(2 775)
|
(2 701)
|
(2 616)
|
(2 551)
|
(2 448)
|
(2 342)
|
|
| Selling, General & Administrative |
(1 795)
|
(1 019)
|
(784)
|
(469)
|
(1 782)
|
(1 748)
|
(1 685)
|
(1 664)
|
(1 590)
|
(1 476)
|
(1 411)
|
(1 395)
|
(1 471)
|
(1 503)
|
(1 586)
|
(1 617)
|
(1 645)
|
(1 777)
|
(1 772)
|
(1 725)
|
(1 675)
|
(1 605)
|
(1 578)
|
(1 602)
|
(1 627)
|
(1 641)
|
(1 623)
|
(1 639)
|
(1 581)
|
(1 505)
|
(1 462)
|
(1 406)
|
(1 392)
|
|
| Research & Development |
(803)
|
(1 024)
|
(837)
|
(622)
|
(800)
|
(782)
|
(769)
|
(770)
|
(765)
|
(754)
|
(728)
|
(727)
|
(768)
|
(783)
|
(829)
|
(846)
|
(857)
|
(881)
|
(870)
|
(851)
|
(851)
|
(847)
|
(835)
|
(841)
|
(829)
|
(819)
|
(810)
|
(821)
|
(810)
|
(806)
|
(798)
|
(781)
|
(752)
|
|
| Depreciation & Amortization |
(400)
|
(430)
|
(391)
|
(353)
|
(469)
|
(467)
|
(453)
|
(436)
|
(419)
|
(403)
|
(399)
|
(399)
|
(401)
|
(402)
|
(402)
|
(402)
|
(388)
|
(375)
|
(360)
|
(343)
|
(336)
|
(329)
|
(325)
|
(323)
|
(324)
|
(324)
|
(320)
|
(315)
|
(310)
|
(305)
|
(291)
|
(261)
|
(231)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
33
|
|
| Operating Income |
4 382
N/A
|
4 128
-6%
|
3 765
-9%
|
3 541
-6%
|
5 479
+55%
|
5 107
-7%
|
4 542
-11%
|
3 788
-17%
|
3 520
-7%
|
3 370
-4%
|
2 621
-22%
|
2 604
-1%
|
2 573
-1%
|
2 809
+9%
|
5 075
+81%
|
6 900
+36%
|
7 887
+14%
|
8 786
+11%
|
8 437
-4%
|
7 028
-17%
|
5 702
-19%
|
4 143
-27%
|
2 966
-28%
|
2 342
-21%
|
2 171
-7%
|
2 151
-1%
|
1 961
-9%
|
1 871
-5%
|
1 980
+6%
|
1 482
-25%
|
764
-48%
|
525
-31%
|
244
-54%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(454)
|
(472)
|
(350)
|
(351)
|
(426)
|
(633)
|
(814)
|
(971)
|
(946)
|
(999)
|
(1 052)
|
(945)
|
(838)
|
(458)
|
(78)
|
153
|
291
|
300
|
253
|
(30)
|
(338)
|
(634)
|
(941)
|
(932)
|
(976)
|
(857)
|
(740)
|
(721)
|
(662)
|
(723)
|
(778)
|
(837)
|
(914)
|
|
| Non-Reccuring Items |
(3 310)
|
(3 740)
|
(3 918)
|
(3 857)
|
(1 346)
|
(1 697)
|
(1 808)
|
(1 758)
|
(4 587)
|
(3 835)
|
(3 474)
|
(3 843)
|
(395)
|
(786)
|
(863)
|
(601)
|
(480)
|
(654)
|
(541)
|
(130)
|
(62)
|
(438)
|
(443)
|
(415)
|
(1 228)
|
(10)
|
17
|
(27)
|
(142)
|
(388)
|
(857)
|
(765)
|
(2 117)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
592
|
48
|
62
|
74
|
105
|
88
|
86
|
84
|
399
|
433
|
430
|
420
|
186
|
130
|
131
|
158
|
60
|
48
|
36
|
14
|
10
|
|
| Total Other Income |
(381)
|
344
|
8
|
(263)
|
42
|
118
|
131
|
435
|
766
|
316
|
359
|
243
|
139
|
1 385
|
1 441
|
1 317
|
342
|
357
|
355
|
391
|
389
|
411
|
445
|
458
|
503
|
(189)
|
(247)
|
(252)
|
364
|
358
|
345
|
319
|
266
|
|
| Pre-Tax Income |
237
N/A
|
260
+10%
|
(495)
N/A
|
(930)
-88%
|
3 749
N/A
|
2 895
-23%
|
2 051
-29%
|
1 494
-27%
|
(1 247)
N/A
|
(1 148)
+8%
|
(1 546)
-35%
|
(1 941)
-26%
|
2 071
N/A
|
2 998
+45%
|
5 637
+88%
|
7 843
+39%
|
8 145
+4%
|
8 877
+9%
|
8 590
-3%
|
7 343
-15%
|
6 090
-17%
|
3 915
-36%
|
2 457
-37%
|
1 873
-24%
|
656
-65%
|
1 225
+87%
|
1 122
-8%
|
1 029
-8%
|
1 600
+55%
|
777
-51%
|
(490)
N/A
|
(744)
-52%
|
(2 511)
-238%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||
| Tax Provision |
(1 524)
|
(1 537)
|
(1 331)
|
(987)
|
(809)
|
(724)
|
(600)
|
(410)
|
(470)
|
(467)
|
(376)
|
(329)
|
(777)
|
(956)
|
(1 446)
|
(1 945)
|
(1 740)
|
(1 926)
|
(1 890)
|
(1 589)
|
(1 450)
|
(900)
|
(622)
|
(471)
|
4
|
46
|
106
|
112
|
(399)
|
(404)
|
(396)
|
(258)
|
67
|
|
| Income from Continuing Operations |
(1 287)
|
(1 277)
|
(1 826)
|
(1 917)
|
2 940
|
2 171
|
1 451
|
1 084
|
(1 717)
|
(1 615)
|
(1 922)
|
(2 270)
|
1 294
|
2 042
|
4 191
|
5 898
|
6 405
|
6 951
|
6 700
|
5 754
|
4 640
|
3 015
|
1 835
|
1 402
|
660
|
1 271
|
1 228
|
1 141
|
1 201
|
373
|
(886)
|
(1 002)
|
(2 444)
|
|
| Income to Minority Interest |
(130)
|
(138)
|
(131)
|
(145)
|
(134)
|
(144)
|
(128)
|
(106)
|
(87)
|
(63)
|
(58)
|
(71)
|
(78)
|
(72)
|
(93)
|
(89)
|
(94)
|
(62)
|
(51)
|
(49)
|
(58)
|
(95)
|
(91)
|
(95)
|
(71)
|
(73)
|
(76)
|
(77)
|
(85)
|
(80)
|
(95)
|
(131)
|
(179)
|
|
| Net Income (Common) |
465
N/A
|
981
+111%
|
993
+1%
|
1 223
+23%
|
4 641
+279%
|
3 793
-18%
|
2 535
-33%
|
1 855
-27%
|
(1 359)
N/A
|
(1 678)
-23%
|
(1 980)
-18%
|
(2 341)
-18%
|
1 216
N/A
|
1 965
+62%
|
4 083
+108%
|
5 786
+42%
|
6 279
+9%
|
6 854
+9%
|
6 615
-3%
|
5 675
-14%
|
4 558
-20%
|
2 901
-36%
|
1 731
-40%
|
1 296
-25%
|
578
-55%
|
1 187
+105%
|
1 141
-4%
|
1 052
-8%
|
1 104
+5%
|
281
-75%
|
(994)
N/A
|
(1 145)
-15%
|
(2 634)
-130%
|
|
| EPS (Diluted) |
0.62
N/A
|
1.3
+110%
|
1.32
+2%
|
1.63
+23%
|
6.21
+281%
|
5.07
-18%
|
3.41
-33%
|
2.5
-27%
|
-1.82
N/A
|
-2.25
-24%
|
-2.66
-18%
|
-3.15
-18%
|
1.64
N/A
|
2.62
+60%
|
5.44
+108%
|
7.71
+42%
|
8.38
+9%
|
9.26
+11%
|
9.03
-2%
|
7.9
-13%
|
6.28
-21%
|
4.09
-35%
|
2.42
-41%
|
1.82
-25%
|
0.82
-55%
|
1.68
+105%
|
1.62
-4%
|
1.5
-7%
|
1.57
+5%
|
0.4
-75%
|
-1.4
N/A
|
-1.62
-16%
|
-3.7
-128%
|
|