DOW Dow margins

Relative Growth: Rel. Growth: 30

Relative Strength: Rel. Strength: 73

Relative Valuation: Rel. Valuation: 48

Relative Profitability: Rel. Profitability: 30

Gross margin

11.1%

Operating margin

1.5%

EBITDA margin

6.8%

Net margin

-2.1%

Dow shows a gross margin of 11.1%, an operating margin of 1.5%, an EBITDA margin of 6.8%, and a net margin of -2.1%, although its net margin is negative at -2.1%. Across the available margins, gross margin advanced the most and EBITDA margin weakened the most, by 4 and 0.2 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, 1.59% operating, 7.92% EBITDA, and -0.96% 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 4 percentage points. Operating margin also expanded by 1.2 percentage points and Net margin also expanded by 0.7 percentage points, while EBITDA margin contracted by 0.2 percentage points.

Gross margin expansion

4pp

Operating margin expansion

1.2pp

EBITDA margin expansion

-0.2pp

Net margin expansion

0.7pp

DOW Gross margin

Throughout the last 3 years, Dow had an average gross margin of 9.39%. Dow's current gross margin is 11.1% and is 1.7 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 1.59% in the last 3 years. Currently, the current operating margin for Dow is 1.5%, 0.1 percentage points below its three-year average. The operating margin for Dow moved between -3.9% in Dec 2025 and 5.2% in Dec 2024.

DOW EBITDA margin

Dow recorded an average EBITDA margin of 7.92% across the last 3 years. Dow currently reports an EBITDA margin of 6.8%, 1.1 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 -0.96%. The latest net margin for Dow is -2.1%, 1.1 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 11.1%, DOW ranks lower than the Basic Materials sector, the industry and its peers average. In comparison with the Basic Materials sector average of 32%, Dow's gross margin is 65% lower.

DOW margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Dow's gross margin?

For the period ending Sep 30, 2026, DOW recorded a gross margin of 11.1%.

What is Dow's operating margin?

The current operating margin for DOW is 1.5% as of Sep 30, 2026.

What is Dow's EBITDA margin?

As of Sep 30, 2026, DOW has an EBITDA margin of 6.8%.

What is Dow's net margin?

For the period ending Sep 30, 2026, DOW recorded a net margin of -2.1%.

What are the average margins of DOW?

Over the past 3 years, DOW reported average margins of 9.4% gross, 1.6% operating, 7.9% EBITDA, and -1.0% 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, 14.7% operating in Mar 2022, 21.2% EBITDA in Mar 2022, 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.