DQ vs DOW vs WLK Stock Comparison

Daqo New Energy, Dow and Westlake Prices as of Oct 28, 2026 Peers: Industry group
DQ Daqo New Energy Corp.
$10.94 +0.6% 1M -62.8% 1Y
Market cap
$740.27M
P/E
–
Revenue (TTM)
$555.69M
Div. yield
–
Commodity Chemicals Basic Materials
DOW Dow Inc.
$34.13 +22.3% 1M +34.5% 1Y
Market cap
$24.71B
P/E
–
Revenue (TTM)
$42.61B
Div. yield
4.10%
Commodity Chemicals Basic Materials
9 wins
WLK Westlake Corp
$65.79 -1.7% 1M -13.9% 1Y
Market cap
$8.41B
P/E
–
Revenue (TTM)
$11.29B
Div. yield
3.22%
Commodity Chemicals Basic Materials
2 wins

Head to Head

11 decided of 12

Dow leads on 9 of the 12 questions below (Dow 9, Westlake 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDQDOWWLKLeader
Larger companyMarket capitalisation $740.27M $24.71B $8.41B DOW
Cheaper on earningsLower P/E, profitable companies only -2.8x -27.6x -6.8x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 12.8x 38.7x DOW
Faster revenue growthRevenue growth, trailing twelve months -6.3% +4.2% -4.0% DOW
More profitableNet margin, trailing twelve months -46.6% -2.1% -10.9% DOW
Better return on capitalReturn on invested capital — 2.0% -8.0% DOW
Less leveragedLower net debt / EBITDA — 3.9x -42.9x WLK
Higher dividend yieldTrailing dividend yield — 4.10% 3.22% DOW
Better 1-year returnPrice return, last 12 months -62.8% +34.5% -13.9% DOW
Better 5-year returnAnnualised price return, 5 years -32.5%/yr -9.4%/yr -7.5%/yr WLK
Less volatileAnnualised volatility, 1 year 56.6% 41.7% 43.2% DOW
Higher overall scoreMean of the five percentile scores vs peers 48/100 53/100 43/100 DOW

Percentile Scorecard

DQDOWWLK

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDQDOWWLK
Valuation 44 #53 of 94 82 #18 of 94 47 #50 of 94
Growth 36 #59 of 91 57 #40 of 91 1 #90 of 91
Profitability 15 #72 of 84 51 #42 of 84 24 #64 of 84
Financial Health 98 #3 of 94 33 #63 of 94 55 #43 of 94
Shareholder Returns – 44 #39 of 69 85 #11 of 69
Overall 48 53 43
  • DQ ranked among 99 companies in Chemicals
  • DOW ranked among 99 companies in Chemicals
  • WLK ranked among 99 companies in Chemicals

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDQDOWWLKSPY
1 month +0.6%+22.3%-1.7% +0.9%
3 months -8.6%+12.0%-8.9% +5.9%
6 months -43.5%-13.7%-40.9% +8.5%
Year to date -62.9%+46.0%-11.0% +13.3%
1 year -62.8%+34.5%-13.9% +12.4%
3 years -53.1%-29.1%-42.5% +88.1%
3 years, per year -22.3%-10.8%-16.9% +23.5%
5 years -85.9%-39.0%-32.4% +68.2%
5 years, per year -32.5%-9.4%-7.5% +11.0%
10 years +135.1%—+27.4% +263.4%
10 years, per year +8.9%—+2.4% +13.8%

Risk

MeasureDQDOWWLKSPY
Volatility, 1Y 56.6%41.7%43.2% 12.7%
Downside volatility, 1Y 55.9%38.1%38.1% 12.7%
Beta vs S&P 500, 1Y 1.57-0.330.47 1.00
Return / volatility, 1Y -1.110.83-0.32 0.98
Max drawdown, 5Y -87.0%-70.8%-65.2% -25.4%
From 52-week high -69.3%-18.5%-46.7% -0.9%
52-week high $35.69$41.87$123.39 $779.14
52-week low $10.09$20.95$56.38 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDQDOWWLK
P/E now vs peer median -2.8xmedian 22.0x -27.6xmedian 22.0x -6.8xmedian 22.0x
P/S now vs peer median 1.3xmedian 1.4x 0.6xmedian 1.4x 0.7xmedian 1.4x
EV/EBITDA now vs peer median —median 12.4x 11.0xmedian 12.4x -155.0xmedian 12.4x
P/FCF now vs peer median -2.3xmedian 15.5x 11.7xmedian 15.5x -31.7xmedian 15.5x
P/B now vs peer median 0.1xmedian 1.7x 1.4xmedian 1.7x 0.9xmedian 1.7x
PEG now vs peer median 0.09median 1.84 0.71median 1.84 0.16median 1.84

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDQDOWWLK
Revenue $555.69M $42.61B $11.29B
Gross profit -$196.98M $4.73B $1.09B
Operating income -$290.08M $720.00M -$1.25B
Net income -$258.74M -$595.00M -$1.21B
Free cash flow -$326.78M $2.11B -$265.00M
R&D $3.61M $741.00M –
EPS (diluted) $-3.84 $-1.23 $-9.61
Cash & equivalents $555.32M $4.14B $1.64B
Total debt – $17.54B $5.07B
Shares (diluted) 67.35M 727.40M 128.50M
Enterprise value -$2.23B $10.14B -$470.26M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDQDOWWLK
P/E -2.8x -27.6x -6.8x
P/FCF -2.3x 11.7x -31.7x
P/Operating cash flow -6.1x 5.4x 13.3x
P/S 1.3x 0.6x 0.7x
P/B 0.1x 1.4x 0.9x
P/Tangible book 0.1x 1.5x 1.0x
EV/EBITDA – 11.0x -155.0x
EV/EBIT 0.2x 52.9x -9.3x
EV/Revenue -0.1x 0.9x 1.0x
EV/FCF 0.2x 18.0x -43.9x
EV/Operating cash flow 0.5x 8.3x 18.4x
PEG (3Y EPS CAGR) 0.09 0.71 0.16

Growth

14 metrics
MetricDQDOWWLK
Revenue growth (1Y) -6.3% 4.2% -4.0%
Revenue CAGR (3Y) -45.5% -2.4% -6.6%
Gross profit growth (1Y) 31.8% 62.1% -17.5%
Gross profit CAGR (3Y) -27.7% -2.5% -26.8%
Operating income growth (1Y) 53.8% 685.4% -1,286%
Operating income CAGR (3Y) -29.0% -30.9% -39.3%
Net income growth (1Y) 49.2% 40.6% -3,089%
Net income CAGR (3Y) -29.3% -34.3% -42.3%
EPS growth (1Y) 50.1% 21.6% -1,740%
EPS CAGR (3Y) -31.6% -38.7% -43.1%
Operating cash flow growth (1Y) 53.8% 190.9% -34.7%
Operating cash flow CAGR (3Y) – -6.5% -39.5%
Free cash flow growth (1Y) 60.4% 279.8% -390.7%
Free cash flow CAGR (3Y) -33.9% -13.8% -29.1%

Profitability

14 metrics
MetricDQDOWWLK
Gross margin -35.4% 11.1% 9.6%
EBITDA margin – 8.2% -0.7%
Operating margin -52.2% 1.7% -11.0%
Pretax margin -46.7% -1.0% -11.4%
Net margin -46.6% -2.1% -10.9%
FCF margin -58.8% 5.0% -2.3%
Operating cash flow margin -21.8% 10.8% 5.6%
Return on equity -4.4% -3.4% -13.0%
Return on assets -4.1% -1.0% -6.1%
Return on invested capital – 2.0% -8.0%
Return on capital employed -4.9% 1.4% -7.2%
Asset turnover 0.1x 0.7x 0.6x
Cash conversion (OCF / net income) 0.5x -7.7x -0.5x
Stock comp / revenue – – 0.4%

Financial Health

11 metrics
MetricDQDOWWLK
Debt / assets – 28.8% 26.1%
Debt / equity – 1.0x 0.6x
Net debt / EBITDA – 3.9x -42.9x
Debt / FCF – 8.3x -19.1x
Liabilities / assets 7.5% 71.1% 52.6%
Equity / assets 92.5% 28.9% 47.4%
Interest coverage – 0.8x -6.1x
Current ratio 5.8x 1.8x 2.5x
Quick ratio 2.0x 1.0x 1.7x
Cash ratio 1.8x 0.4x 0.8x
Altman Z-score – 1.63 1.69

Shareholder Returns

7 metrics
MetricDQDOWWLK
Dividend yield – 4.1% 3.2%
Net buyback yield – – 0.7%
Shareholder yield – 4.1% 4.0%
Payout ratio (earnings) – -169.6% -22.5%
Payout ratio (FCF) – 47.7% -103.0%
Dividend growth (1Y) – -41.7% 1.1%
Dividend CAGR (3Y) – -20.1% 14.1%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDQDOWWLK
Forward P/E – 12.8xFY2026 38.7xFY2026
EPS, next fiscal year $-4.14FY2026 $2.67FY2026 $1.70FY2026
EPS growth, the year after – -33.3% +25.9%
Revenue, next fiscal year $764.55MFY2027 $41.26BFY2026 $12.04BFY2026
Revenue growth, next FY +14.9%FY2027 +3.2%FY2026 +7.8%FY2026
Revenue growth, the year after +19.5% +9.6% -3.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDQDOWWLK
Held by institutions 45.4% 77.8% 31.0%
Institutions holding 115 1,208 362
Change in shares held, QoQ +11.7% +9.9% -9.9%
Institutions buying 61 548 199
Institutions selling 36 451 118
Buyers to sellers 1.69 1.22 1.69

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DQDOWWLK
DQ 1.00 0.00 0.04
DOW 0.00 1.00 0.65
WLK 0.04 0.65 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DQ, DOW and WLK?

Dow (DOW) is the largest by market capitalisation: Daqo New Energy (DQ) $740.27M, Dow (DOW) $24.71B, Westlake (WLK) $8.41B.

Which company is growing faster?

Dow (DOW) grew revenue fastest over the trailing twelve months: Daqo New Energy (DQ) -6.3%, Dow (DOW) +4.2%, Westlake (WLK) -4.0%.

Which company is more profitable?

Dow (DOW) has the highest net margin (Daqo New Energy (DQ) -46.6%, Dow (DOW) -2.1%, Westlake (WLK) -10.9%). On return on invested capital, Dow (DOW) leads (Dow (DOW) 2.0%, Westlake (WLK) -8.0%).

Which stock has performed better?

Over the past year Dow (DOW) returned the most: Daqo New Energy (DQ) -62.8%, Dow (DOW) +34.5%, Westlake (WLK) -13.9%. Over five years, Westlake (WLK) compounded fastest (Daqo New Energy (DQ) -32.5%/yr, Dow (DOW) -9.4%/yr, Westlake (WLK) -7.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Dow (DOW) has the highest dividend yield: Dow (DOW) 4.10%, Westlake (WLK) 3.22%. Daqo New Energy (DQ) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Dow (DOW) has been the steadiest (Daqo New Energy (DQ) 56.6%, Dow (DOW) 41.7%, Westlake (WLK) 43.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DQ, DOW and WLK?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Dow (DOW) leads on 9. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.