Dow (DOW) Gross Margin (2009 - 2026)
Dow (DOW) posted Gross Margin of 12.23% for Q3 2026, up 4.90 percentage points from 7.33% a year earlier but down 5.69 percentage points from the prior quarter.
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Analysis
Dow (DOW) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Gross Margin at Dow was 11.11%, up 3.97 percentage points year-over-year; for FY2025, it was 6.34%, down 4.38 percentage points from FY2024.
- Annual Gross Margin has declined for four consecutive years, with a five-year change of -7.14 percentage points (FY2020 to FY2025).
- In prior years, Dow's Gross Margin was 10.72% in FY2024 (-0.22 pp), 10.94% in FY2023 (-4.11 pp), 15.05% in FY2022 (-4.56 pp) and 19.61% in FY2021 (+6.12 pp).
- Quarterly Gross Margin has run from a low of 5.77% in Q2 2025 to a high of 18.75% in Q1 2022 over five years.
- On a year-over-year basis, Gross Margin has increased in each of the last three quarters, with an average year-over-year change of -0.07 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q2 2026, with a gain of 12.15 percentage points; the weakest was Q3 2022, with a drop of 9.46 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 17.92% (Q2 2026), 6.53% (Q1 2026) and 5.79% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 239.83 Bn | 221.97 Bn | 4.44 Bn | 47.24% |
| 2 | Corning | 99.72 Bn | 91.40 Bn | 1.81 Bn | 37.28% |
| 3 | Sherwin Williams | 86.17 Bn | 85.18 Bn | 3.28 Bn | 47.77% |
| 4 | Air Products & Chemicals | 69.05 Bn | 64.24 Bn | 1.04 Bn | 32.77% |
| 5 | LyondellBasell Industries | 38.34 Bn | 26.40 Bn | 1.50 Bn | 17.60% |
| 6 | Nutrien | 35.09 Bn | 31.62 Bn | 1.86 Bn | 30.67% |
| 7 | Ppg Industries | 27.86 Bn | 20.78 Bn | 1.76 Bn | 40.52% |
| 8 | Qnity Electronics | 26.20 Bn | 22.35 Bn | 743.00 Mn | 47.75% |
| 9 | Ati | 25.21 Bn | 23.17 Bn | 380.20 Mn | 26.71% |
| 10 | Dow | 22.43 Bn | 6.39 Bn | 1.38 Bn | 12.23% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.23% |
| Jun 30, 2026 | 17.92% |
| Mar 31, 2026 | 6.53% |
| Dec 31, 2025 | 5.79% |
| Sep 30, 2025 | 7.33% |
| Jun 30, 2025 | 5.77% |
| Mar 31, 2025 | 6.43% |
| Dec 31, 2024 | 8.99% |
| Sep 30, 2024 | 9.84% |
| Jun 30, 2024 | 12.13% |
| Mar 31, 2024 | 11.86% |
| Dec 31, 2023 | 9.18% |
| Sep 30, 2023 | 10.61% |
| Jun 30, 2023 | 13.53% |
| Mar 31, 2023 | 10.31% |
| Dec 31, 2022 | 10.14% |
| Sep 30, 2022 | 12.28% |
| Jun 30, 2022 | 17.65% |
| Mar 31, 2022 | 18.75% |
| Dec 31, 2021 | 18.00% |
API Access
Dow Gross 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=gross-margin&ticker=DOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=DOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();