DOW Dow margins

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  2. Basic Materials
  3. NYSE: DOW
  4. Margins
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Relative Growth: Rel. Growth: 30
Relative Strength: Rel. Strength: 54
Relative Valuation: Rel. Valuation: 45
Relative Profitability: Rel. Profitability: 20
Gross margin
9.9%
Operating margin
0.4%
EBITDA margin
5.7%
Net margin
-3.1%

Dow shows a gross margin of 9.9%, an operating margin of 0.4%, an EBITDA margin of 5.7%, and a net margin of -3.1%, although its net margin is negative at -3.1%. Across the available margins, gross margin advanced the most and EBITDA margin weakened the most, by 2.1 and 1.9 percentage points respectively.

DOW margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Dow's margins averaged 9.39% gross, 1.92% operating, 8.28% EBITDA, and -0.55% net. For Dow, gross margin is above its three-year average, while operating, EBITDA, and net margins are below their three-year averages.

DOW margin expansion

Year-over-year margin changes in percentage points

The largest positive change was in gross margin, up 2.1 percentage points. The expansion was limited to gross margin, while operating margin contracted by 0.3 percentage points, EBITDA margin by 1.9 percentage points, and net margin by 0.8 percentage points.

Gross margin expansion
2.1pp
Operating margin expansion
-0.3pp
EBITDA margin expansion
-1.9pp
Net margin expansion
-0.8pp

DOW Gross margin

Throughout the last 3 years, Dow had an average gross margin of 9.39%. Dow's current gross margin is 9.9% and is 0.5 percentage points above its three-year average. Looking back over the last 3 years, Dow's gross margin reached 11.3% at its highest point in Mar 2024 and 6.3% at its lowest in Dec 2025.

DOW Operating margin

The average operating margin for Dow was 1.92% in the last 3 years. Currently, the current operating margin for Dow is 0.4%, 1.5 percentage points below its three-year average. The operating margin for Dow moved between -3.9% in Dec 2025 and 5.4% in Sep 2023.

DOW EBITDA margin

Dow recorded an average EBITDA margin of 8.28% across the last 3 years. Dow currently reports an EBITDA margin of 5.7%, 2.6 percentage points below its three-year average. During this period, EBITDA margin reached a high of 12.1% in Dec 2024 and a low of 2.4% in Mar 2026.

DOW Net margin

Across the last 3 years, Dow's net margin averaged -0.55%. The latest net margin for Dow is -3.1%, 2.6 percentage points below its three-year average. Net margin was highest at 2.8% in Mar 2024 and lowest at -7.2% in Mar 2026.

DOW margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 9.9%, DOW ranks lower than the Basic Materials sector, the industry and its peers average. In comparison with the Basic Materials sector average of 32.3%, Dow's gross margin is 69% lower.

DOW margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Dow's gross margin?

For the period ending Jun 30, 2026, DOW recorded a gross margin of 9.9%.

What is Dow's operating margin?

The current operating margin for DOW is 0.4% as of Jun 30, 2026.

What is Dow's EBITDA margin?

As of Jun 30, 2026, DOW has an EBITDA margin of 5.7%.

What is Dow's net margin?

For the period ending Jun 30, 2026, DOW recorded a net margin of -3.1%.

What are the average margins of DOW?

Over the past 3 years, DOW reported average margins of 9.4% gross, 1.9% operating, 8.3% EBITDA, and -0.6% net.

What are the highest historical margins of DOW?

Over the last 5 years, Dow's highest margins were 20.3% gross in Mar 2022, 15% operating in Sep 2021, 22.3% EBITDA in Sep 2021, and 11.8% net in Mar 2022.

What are the lowest historical margins of DOW?

Across the 5-year period, DOW posted its lowest margins at 6.3% gross in Dec 2025, -3.9% operating in Dec 2025, 2.4% EBITDA in Mar 2026, and -7.2% net in Mar 2026.