Dow Inc.

DOWNYSEBasic Materials● Active

$33.97

$-0.82(-2.36%)

Market Cap$24.5B

P/E Ratio—

52W High$42.74

52W Low$20.402

Avg Volume14.2M

Open$34.53

Beta0.41

Overview

Dow Inc. (DOW) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DOW · free cash flow · updated Jun 8, 2026

Core FCF metrics

DOW · FCF · TTM · margin & CAGR

Free cash flow was −$1.45B for FY2025 (fiscal year ending 2025-12-31), down 858.3% year-over-year The FCF margin was -3.6%.

FY2025 Free Cash Flow−$1.45B▼ -858.3% YoY

Trailing 12M (TTM)−$1.40Btrailing 4 quarters sum

FCF Margin-3.6%−$1.45B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

DOW · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.03B(2.48B)−$1.45B▼ 858.3%-3.6%

FY2024$2.91B(3.06B)−$151.0M▼ 105.6%-0.3%

FY2023$5.20B(2.48B)$2.72B▼ 49.8%6.1%

FY2022$7.47B(2.06B)$5.42B▲ +15.6%9.5%

FY2021$7.01B(2.32B)$4.68B▼ 3.2%8.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

DOW · P/FCF · FCF yield · FCF per share

Dow Inc. (DOW) reported negative free cash flow of −$1.45B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

DOW · cash flow statement · operating / investing / financing

For FY2025, Dow Inc. generated $1.03B in operating cash flow and spent 2.48B in capital expenditures, yielding −$1.45B in free cash flow.

Operating Activities

+$1.03B

Cash from core business operations

2025-12-31

Investing Activities

+$817.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$435.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.03B) − |CapEx| (2.48B) = FCF (−$1.45B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

DOW vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Dow Inc.YOU

DOW

−$1.45B-858.3%-3.6%

Loss

Southern Copper Corporation

Basic Materials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Dow Inc. (DOW) reported free cash flow of −$1.45B for FY2025 (fiscal year ending 2025-12-31), down 858.3% year-over-year. The FCF margin was -3.6%.

Based on available data, Dow Inc. has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $5.42B in FY2022.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

DOW free cash flow · 8 questions

Dow Inc. free cash flow was −$1.45B for FY2025, down 858.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$1.40B.

DOW free cash flowDOW FCFDOW FCF 2025DOW free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Dow Inc. · Dow Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026