Dow (DOW) FCF Margin (2009 - 2026)
Dow (DOW) recorded FCF Margin of 10.05% in Q3 2026, up 4.24 percentage points from 5.81% a year earlier and up 4.27 percentage points from the prior quarter.
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Analysis
Dow (DOW) FCF Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Dow's FCF Margin came in at 4.96% as of Sep 30, 2026, up 7.84 percentage points year-over-year; for FY2025, it was -3.94%, down 3.41 percentage points from FY2024.
- Annual FCF Margin has declined for three straight years, with a five-year change of -16.89 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at -0.53% in FY2024 (-6.40 pp), 5.87% in FY2023 (-3.74 pp), 9.61% in FY2022 (+0.91 pp) and 8.70% in FY2021 (-4.25 pp).
- The Q3 2026 figure is the highest quarterly FCF Margin since Q4 2022.
- On a year-over-year basis, FCF Margin has increased for three consecutive quarters, with an average year-over-year change of +1.47 percentage points over the last eight quarters.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 17.11 percentage points in Q2 2026, against a drop of 12.37 percentage points in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 5.78% (Q2 2026), 6.13% (Q1 2026) and -3.35% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 239.83 Bn | 221.97 Bn | 4.44 Bn | 18.90% |
| 2 | Corning | 99.72 Bn | 91.40 Bn | 1.81 Bn | 10.63% |
| 3 | Sherwin Williams | 86.17 Bn | 85.18 Bn | 3.28 Bn | 14.22% |
| 4 | Air Products & Chemicals | 69.05 Bn | 64.24 Bn | 1.04 Bn | 9.79% |
| 5 | LyondellBasell Industries | 38.34 Bn | 26.40 Bn | 1.50 Bn | 16.63% |
| 6 | Nutrien | 35.09 Bn | 31.62 Bn | 1.86 Bn | 1.65% |
| 7 | Ppg Industries | 27.86 Bn | 20.78 Bn | 1.76 Bn | 9.44% |
| 8 | Qnity Electronics | 26.20 Bn | 22.35 Bn | 743.00 Mn | 12.40% |
| 9 | Ati | 25.21 Bn | 23.17 Bn | 380.20 Mn | 4.34% |
| 10 | Dow | 22.43 Bn | 6.39 Bn | 1.38 Bn | 10.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.05% |
| Jun 30, 2026 | 5.78% |
| Mar 31, 2026 | 6.13% |
| Dec 31, 2025 | -3.35% |
| Sep 30, 2025 | 5.81% |
| Jun 30, 2025 | -11.33% |
| Mar 31, 2025 | -5.86% |
| Dec 31, 2024 | 0.01% |
| Sep 30, 2024 | 0.59% |
| Jun 30, 2024 | 1.04% |
| Mar 31, 2024 | -2.81% |
| Dec 31, 2023 | 8.06% |
| Sep 30, 2023 | 9.89% |
| Jun 30, 2023 | 6.88% |
| Mar 31, 2023 | 0.32% |
| Dec 31, 2022 | 11.98% |
| Sep 30, 2022 | 10.54% |
| Jun 30, 2022 | 8.93% |
| Mar 31, 2022 | 8.24% |
| Dec 31, 2021 | 9.43% |
API Access
Dow FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=DOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "DOW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=DOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();