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Dow Inc.(DOW)

F

Financial data as of Dec 31, 2025Declining · Materials

FCF Margin-3.6%Free Cash Flow / Revenue
Cash Conversion-39.3%Operating CF / Net Income
Free Cash Flow-$1.4B
Revenue$40.0B
Net Cash-$15.8BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio1.97Adequate short-term liquidity
YoY FCF Growth-500.0%2 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseF
→
-1Negative FCF in 3 of last 4 quarters
→
-1Significant YoY FCF decline (-500.0%)
→
-1Only 2 positive quarters recently
→
-0.5Highly volatile FCF (consistency: 2.04)
→
FinalF

Analysis Summary

Concerns

  • Negative FCF margin (-3.6%)
  • Net debt position ($15.8B)
  • Only 2 positive FCF quarters recently
  • Significant YoY FCF decline (-500.0%)
  • Highly volatile quarterly FCF
  • Significant FCF decline (-500.0% YoY)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin-3.6%
Net Margin-6.6%
Operating CF Margin2.6%
CapEx Ratio6.2%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$15.8BNet debt position
Debt / FCFN/AElevated debt burden
Current Ratio1.97Strong liquidity
Debt / Equity1.22Moderate leverage

Quarterly FCF Trend

-500.0% YoYDeclining (-500.0%)

Free cash flow per quarter

Sector Comparison — Materials

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameDow Inc.
SectorMaterials
Free Cash Flow-$1.4B
Revenue$40.0B
Net Income-$2.6B
Operating Cash Flow$1.0B
Capital Expenditure$2.5B
FCF Margin-3.6%
Cash Conversion Rate-39.3%
Net Margin-6.6%
Total Debt$19.6B
Total Cash$3.8B
Net Cash-$15.8B
Current Ratio1.97
Debt / Equity1.22
Debt / FCFN/A
YoY FCF Growth-500.0%
Positive Quarters2 of 5
Trend DirectionDeclining
Report DateDec 31, 2025
GradeF
Data SourceYahoo Finance

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