DOW CHEMICAL CO /DE/
For the period ended Dec 31, 2025. Filed Feb 3, 2026.
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FY2025 · Filed Feb 3, 2026
DOW$31.48+1.7%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
| (In millions, except per share amounts) For the years ended Dec 31, | 2025 | 2024 | 2023 |
|---|---|---|---|
| Net sales | $39,968 | $42,964 | $44,622 |
| Cost of sales | 37,435 | 38,358 | 39,742 |
| Research and development expenses | 752 | 810 | 829 |
| Selling, general and administrative expenses | 1,392 | 1,581 | 1,627 |
| Amortization of intangibles | 231 | 310 | 324 |
| Restructuring, goodwill impairment and asset related charges - net | 1,856 | 103 | 528 |
| Equity in losses of nonconsolidated affiliates | (240) | (6) | (119) |
| Sundry income (expense) - net | 140 | 415 | (280) |
| Interest income | 152 | 200 | 229 |
| Interest expense and amortization of debt discount | 865 | 811 | 746 |
| Income (loss) before income taxes | (2,511) | 1,600 | 656 |
| Provision (credit) for income taxes | (67) | 399 | (4) |
| Net income (loss) | (2,444) | 1,201 | 660 |
| Net income attributable to noncontrolling interests | 179 | 85 | 71 |
| Net income (loss) available for Dow Inc. common stockholders | $(2,623) | $1,116 | $589 |
| Per common share data: | |||
| Earnings (loss) per common share - basic | $(3.70) | $1.57 | $0.82 |
| Earnings (loss) per common share - diluted | $(3.70) | $1.57 | $0.82 |
| Weighted-average common shares outstanding - basic | 711.6 | 703.8 | 705.7 |
| Weighted-average common shares outstanding - diluted | 711.6 | 705.1 | 709.0 |
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