Dow Inc. - Understand $dow stock

$DOW Market Cap: $30 Billion

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Financial Snapshot

Revenue

$43.18B

TTM

Gross Margin

10.75%

TTM

Net Earnings

$1.058B

TTM

Current Assets

$17.98B

Q3 2024

Current Liabilities

$10.83B

Q3 2024

Current Ratio

166.04%

Q3 2024

Total Assets

$59.39B

Q3 2024

Total Liabilities

$17.55B

Q3 2024

Book Value

$41.84B

Q3 2024

Cash

$2.883B

Q3 2024

P/E

28.35

Nov 29, 2024 EST

Free Cash Flow

$823.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$44.62B	$56.90B	$54.97B	$38.54B	$42.95B	$49.60B	$43.73B	$36.26B
YoY Change	-21.58%	3.52%	42.62%	-10.27%	-13.41%	13.43%	20.59%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$44.62B	$56.90B	$54.97B	$38.54B	$42.95B	$49.60B	$43.73B	$36.26B
Cost Of Revenue	$39.74B	$48.34B	$44.19B	$33.35B	$36.66B	$41.07B	$36.35B	$30.05B
Gross Profit	$4.880B	$8.564B	$10.78B	$5.196B	$6.294B	$8.530B	$7.380B	$6.211B
Gross Profit Margin	10.94%	15.05%	19.61%	13.48%	14.65%	17.2%	16.88%	17.13%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$1.627B	$1.675B	$1.645B	$1.471B	$1.590B	$1.782B	$1.795B	$1.800B
YoY Change	-2.87%	1.82%	11.83%	-7.48%	-10.77%	-0.72%	-0.28%
% of Gross Profit	33.34%	19.56%	15.26%	28.31%	25.26%	20.89%	24.32%	28.98%
Research & Development	$829.0M	$851.0M	$857.0M	$768.0M	$765.0M	$800.0M	$803.0M	$746.0M
YoY Change	-2.59%	-0.7%	11.59%	0.39%	-4.38%	-0.37%	7.64%
% of Gross Profit	16.99%	9.94%	7.95%	14.78%	12.15%	9.38%	10.88%	12.01%
Depreciation & Amortization	$2.611B	$2.758B	$2.842B	$2.874B	$2.938B	$2.909B	$2.546B	$2.225B
YoY Change	-5.33%	-2.96%	-1.11%	-2.18%	1.0%	14.26%	14.43%
% of Gross Profit	53.5%	32.2%	26.37%	55.31%	46.68%	34.1%	34.5%	35.82%
Operating Expenses	$2.456B	$2.526B	$2.502B	$2.239B	$2.355B	$2.582B	$2.598B	$2.546B
YoY Change	-2.77%	0.96%	11.75%	-4.93%	-8.79%	-0.62%	2.04%
Operating Profit	$2.424B	$6.038B	$8.275B	$2.957B	$3.939B	$5.948B	$4.782B	$3.665B
YoY Change	-59.85%	-27.03%	179.84%	-24.93%	-33.78%	24.38%	30.48%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	-$976.0M	-$338.0M	$291.0M	-$714.0M	-$946.0M	-$426.0M	-$454.0M	-$416.0M
YoY Change	188.76%	-216.15%	-140.76%	-24.52%	122.07%	-6.17%	9.13%
% of Operating Profit	-40.26%	-5.6%	3.52%	-24.15%	-24.02%	-7.16%	-9.49%	-11.35%
Other Income/Expense, Net	-$280.0M	$727.0M	-$35.00M	$1.269B	$461.0M	$96.00M	-$154.0M	$517.0M
YoY Change	-138.51%	-2177.14%	-102.76%	175.27%	380.21%	-162.34%	-129.79%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	$656.0M	$6.090B	$8.145B	$2.071B	-$1.247B	$3.749B	$237.0M	$1.260B
YoY Change	-89.23%	-25.23%	293.29%	-266.08%	-133.26%	1481.86%	-81.19%
Income Tax	-$4.000M	$1.450B	$1.740B	$777.0M	$470.0M	$809.0M	$1.524B	-$218.0M
% Of Pretax Income	-0.61%	23.81%	21.36%	37.52%		21.58%	643.04%	-17.3%
Net Earnings	$660.0M	$4.640B	$6.405B	$1.294B	-$1.272B	$4.641B	$465.0M	$4.318B
YoY Change	-85.78%	-27.56%	394.98%	-201.73%	-127.41%	898.06%	-89.23%
Net Earnings / Revenue	1.48%	8.15%	11.65%	3.36%	-2.96%	9.36%	1.06%	11.91%
Basic Earnings Per Share	$0.82	$6.32	$8.44	$1.64	-$1.84	$6.21	$0.60	$5.80
Diluted Earnings Per Share	$0.82	$6.28	$8.38	$1.64	-$1.84	$6.21	$0.60	$5.73

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018
Cash & Short-Term Investments	$2.987B	$3.886B	$2.988B	$5.104B	$2.388B	$2.824B
YoY Change	-23.13%	30.05%	-41.46%	113.74%	-15.44%
Cash & Equivalents	$2.987B	$3.886B	$2.988B	$5.104B	$2.367B	$2.724B
Short-Term Investments					$21.00M	$100.0M
Other Short-Term Assets	$1.924B	$1.746B	$855.0M	$827.0M	$617.0M	$20.59B
YoY Change	10.19%	104.21%	3.39%	34.04%	-97.0%
Inventory	$6.076B	$6.988B	$7.372B	$5.701B	$6.214B	$6.899B
Prepaid Expenses
Receivables	$4.731B	$5.713B	$6.920B	$4.901B	$4.885B	$5.665B
Other Receivables	$1.896B	$2.144B	$2.713B	$2.551B	$2.711B	$3.389B
Total Short-Term Assets	$17.61B	$20.48B	$20.85B	$19.08B	$16.82B	$39.37B
YoY Change	-13.98%	-1.78%	9.24%	13.49%	-57.29%
Property, Plant & Equipment	$22.39B	$21.67B	$21.97B	$22.10B	$23.07B	$21.42B
YoY Change	3.31%	-1.36%	-0.58%	-4.22%	7.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$4.007B	$4.382B	$5.238B	$4.102B	$3.992B	$5.966B
YoY Change	-8.56%	-16.34%	27.69%	2.76%	-33.09%
Other Assets	$2.805B	$2.307B	$2.788B	$3.453B	$3.027B	$2.513B
YoY Change	21.59%	-17.25%	-19.26%	14.07%	20.45%
Total Long-Term Assets	$40.35B	$40.13B	$42.14B	$42.39B	$43.71B	$44.33B
YoY Change	0.57%	-4.78%	-0.58%	-3.03%	-1.4%
Total Assets	$57.97B	$60.60B	$62.99B	$61.47B	$60.52B	$83.70B
YoY Change
Accounts Payable	$4.529B	$4.940B	$5.577B	$3.763B	$3.889B	$4.456B
YoY Change	-8.32%	-11.42%	48.21%	-3.24%	-12.72%
Accrued Expenses	$2.838B	$2.782B	$3.586B	$3.724B	$2.838B	$2.925B
YoY Change	2.01%	-22.42%	-3.71%	31.22%	-2.97%
Deferred Revenue
YoY Change
Short-Term Debt	$62.00M	$362.0M	$161.0M	$156.0M	$586.0M	$298.0M
YoY Change	-82.87%	124.84%	3.21%	-73.38%	96.64%
Long-Term Debt Due	$117.0M	$362.0M	$231.0M	$460.0M	$435.0M	$338.0M
YoY Change	-67.68%	56.71%	-49.78%	5.75%	28.7%
Total Short-Term Liabilities	$9.957B	$11.33B	$13.23B	$11.11B	$10.68B	$15.55B
YoY Change	-12.13%	-14.33%	19.07%	4.02%	-31.31%
Long-Term Debt	$14.91B	$14.70B	$14.28B	$16.49B	$15.98B	$19.25B
YoY Change	1.42%	2.93%	-13.41%	3.23%	-17.03%
Other Long-Term Liabilities	$13.60B	$12.22B	$16.24B	$20.46B	$19.43B	$14.78B
YoY Change	11.29%	-24.77%	-20.63%	5.31%	31.48%
Total Long-Term Liabilities	$28.50B	$26.92B	$30.52B	$36.95B	$35.40B	$34.03B
YoY Change	5.9%	-11.81%	-17.41%	4.37%	4.04%
Total Liabilities	$39.36B	$39.89B	$44.83B	$49.04B	$46.98B	$51.22B
YoY Change	-1.32%	-11.02%	-8.59%	4.37%	-8.26%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Basic Shares Outstanding	705.7M shares	721.0M shares	743.6M shares	740.5M shares	742.5M shares	747.2M shares	744.8M shares	681.6M shares
Diluted Shares Outstanding	709.0M shares	725.6M shares	749.0M shares	742.3M shares	742.5M shares	747.2M shares	744.8M shares	690.9M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $29.999 Billion

About DOW INC.

Dow, Inc. is a materials science company, which engages in the development of innovative solutions. The company is headquartered in Midland, Michigan and currently employs 35,900 full-time employees. The company went IPO on 2019-03-20. The firm conducts its operations through six global businesses, which are organized into segments, such as Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure and Performance Materials & Coatings. Packaging & Specialty Plastics segment consists of two integrated global businesses: Hydrocarbons & Energy and Packaging and Specialty Plastics. This segment employs polyolefin product portfolio. Industrial Intermediates & Infrastructure segment consists of two customer-centric global businesses, such as Industrial Solutions and Polyurethanes & Construction Chemicals that develop intermediate chemicals that are essential to manufacturing processes, as well as downstream, customized materials and formulations that use advanced development technologies. Performance Materials & Coatings segment consists of two global businesses: Coatings & Performance Monomers and Consumer Solutions.

Industry: Plastic Materials, Synth Resins & Nonvulcan Elastomers Peers: AdvanSix Inc. CABOT CORP KRONOS WORLDWIDE INC OLIN Corp PureCycle Technologies, Inc. Mativ Holdings, Inc. Tronox Holdings plc VALVOLINE INC WESTLAKE CORP