Dow annual operating margin
2022
2023
2024
2025
Dow Operating Margin Growth & History (DOW)
Dow's operating margin was 0.40% for fiscal 2025.
View full Dow company overviewDow annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 0.40% | −4.04 pp |
| 2024 | 2024-12-31 | 4.43% | −0.27 pp |
| 2023 | 2023-12-31 | 4.71% | −5.31 pp |
| 2022 | 2022-12-31 | 10.02% | — |
Dow quarterly operating margin
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 11.45% | +11.60 pp |
| Q1 2026 | 2026-03-31 | −0.04% | — |
| Q4 2025 | 2025-12-31 | −0.11% | — |
| Q3 2025 | 2025-09-30 | 1.54% | — |
| Q2 2025 | 2025-06-30 | −0.15% | — |
Dow operating margin trends
Between the periods ended 2022-12-31 and 2025-12-31, Dow's operating margin decreased from 10.02% to 0.40%, a change of −9.63 percentage points. The latest reported quarter, Q2 2026, shows 11.45%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Dow source filings ↗Community posts
Dow returns to stronger earnings as prices and cost measures offset pressure
Dow ($DOW) reported third-quarter 2026 revenue of $11.27 billion, up 13%, as a 14% improvement in local prices offset a 1% volume decline. GAAP net income was $525 million, or $0.62 per share. Operating earnings, which exclude specified ite ...
