DOW INC. (DOW) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does DOW INC. Do?
Dow Inc. provides various materials science solutions for consumer care, infrastructure, and packaging markets in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. It operates through Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials and Coatings segments. The Packaging & Specialty Plastics segment provides ethylene, and propylene and aromatics products; and polyethylene, polyolefin elastomers, ethylene vinyl acetate, and ethylene propylene diene monomer rubbers. The Industrial Intermediates & Infrastructure segment offers ethylene oxides, propylene oxide, propylene glycol and polyether polyols, aromatic isocyanates and polyurethane systems, coatings, adhesives, sealants, elastomers, and composites. This segment also provides caustic soda, and ethylene dichloride and vinyl chloride monomers; and cellulose ethers, redispersible latex powders, silicones, and acrylic emulsions. The Performance Materials and Coatings segment provides architectural paints and coatings, and industrial coatings that are used in maintenance and protective industries, wood, metal packaging, traffic markings, thermal paper, and leather; performance monomers and silicones; standalone silicones; and home and personal care solutions. It also engages in property and casualty insurance, as well as reinsurance business. Dow Inc. was incorporated in 2018 and is headquartered in Midland, Michigan. DOW INC. (DOW) is classified as a large-cap stock in the Materials sector, specifically within the Chemicals industry. The company is led by CEO James R. Fitterling and employs approximately 37,800 people. With a market capitalization of $29.3B, DOW is one of the prominent companies in the Materials sector.
DOW INC. (DOW) Stock Rating — Hold (April 2026)
As of April 2026, DOW INC. receives a Hold rating with a composite score of 42.6/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.DOW ranks #793 out of 4,446 stocks in our coverage universe. Within the Materials sector, DOW INC. ranks #47 of 284 stocks, placing it in the top quartile of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
DOW Stock Price and 52-Week Range
DOW INC. (DOW) currently trades at $38.86. The stock gained $0.82 (2.2%) in the most recent trading session. The 52-week high for DOW is $38.26, which means the stock is currently trading 1.6% from its annual peak. The 52-week low is $20.40, putting the stock 90.5% above its annual trough. Recent trading volume was 10.9M shares, indicating strong institutional interest and high liquidity.
Is DOW Overvalued or Undervalued? — Valuation Analysis
DOW INC. (DOW) carries a value factor score of 25/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 32.77x, compared to the Materials sector average of 26.50x — a premium of 24%. The price-to-book ratio stands at 1.61x, versus the sector average of 2.83x. The price-to-sales ratio is 0.68x, compared to 0.74x for the average Materials stock. On an enterprise value basis, DOW trades at 4.05x EV/EBITDA, versus 6.01x for the sector.
At current multiples, DOW INC. trades at a premium to most Materials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.
DOW INC. Profitability — ROE, Margins, and Quality Score
DOW INC. (DOW) earns a quality factor score of 46/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -4.2%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -1.2% versus the sector average of 0.6%.
On a margin basis, DOW INC. reports gross margins of 7.3%, compared to 29.8% for the sector. The operating margin is -1.6% (sector: 6.0%). Net profit margin stands at -1.8%, versus 3.0% for the average Materials stock. Revenue growth is running at -8.6% on a trailing basis, compared to 1.8% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
DOW Debt, Balance Sheet, and Financial Health
DOW INC. has a debt-to-equity ratio of 234.0%, compared to the Materials sector average of 41.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.97x, suggesting adequate working capital coverage. Total debt on the balance sheet is $19.30B. Cash and equivalents stand at $4.61B.
DOW has a beta of 1.35, meaning it is more volatile than the broader market — a $10,000 investment in DOW would be expected to move 34.8% more than the S&P 500 on any given day. The stability factor score for DOW INC. is 41/100, reflecting average volatility within the normal range for its sector.
DOW INC. Revenue and Earnings History — Quarterly Trend
In TTM 2026, DOW INC. reported revenue of $41.39B and earnings per share (EPS) of $-3.70. Net income for the quarter was $-727M. Gross margin was 7.3%. Operating income came in at $-639M.
In FY 2025, DOW INC. reported revenue of $39.97B and earnings per share (EPS) of $-3.70. Net income for the quarter was $-2.44B. Gross margin was 6.3%. Revenue grew -7.0% year-over-year compared to FY 2024. Operating income came in at $-2.51B.
In Q3 2025, DOW INC. reported revenue of $9.97B and earnings per share (EPS) of $0.08. Net income for the quarter was $124M. Gross margin was 7.3%. Revenue grew -8.3% year-over-year compared to Q3 2024. Operating income came in at $70M.
In Q2 2025, DOW INC. reported revenue of $10.10B and earnings per share (EPS) of $-1.18. Net income for the quarter was $-801M. Gross margin was 5.8%. Revenue grew -7.4% year-over-year compared to Q2 2024. Operating income came in at $-659M.
Over the past 8 quarters, DOW INC. has demonstrated a growth trajectory, with revenue expanding from $10.91B to $41.39B. Investors analyzing DOW stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
DOW Dividend Yield and Income Analysis
DOW INC. (DOW) currently pays a dividend yield of 10.7%. At this yield, a $10,000 investment in DOW stock would generate approximately $$1068.00 in annual dividend income. This compares to the Materials sector average dividend yield of 0.5%, meaning DOW offers above-average income for its sector.
DOW Momentum and Technical Analysis Profile
DOW INC. (DOW) has a momentum factor score of 52/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 36/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 43/100 reflects moderate short selling activity.
DOW vs Competitors — Materials Sector Ranking and Peer Comparison
Within the Materials sector, DOW INC. (DOW) ranks #47 out of 284 stocks based on the Blank Capital composite score. This places DOW in the top quartile of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.
Comparing DOW against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full DOW vs S&P 500 (SPY) comparison to assess how DOW INC. stacks up against the broader market across all factor dimensions.
DOW Next Earnings Date
No upcoming earnings date has been announced for DOW INC. (DOW) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy DOW? — Investment Thesis Summary
DOW INC. presents a balanced picture with arguments on both sides. The value score of 25/100 indicates premium valuation.
In summary, DOW INC. (DOW) earns a Hold rating with a composite score of 42.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on DOW stock.
Related Resources for DOW Investors
Explore more research and tools: DOW vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare DOW head-to-head with peers: DOW vs CF, DOW vs NTR, DOW vs UAN.