Dow (DOW) Gross Margin (2009 - 2026)
Dow (DOW) posted Gross Margin of 17.92% for Q2 2026, up 12.15 percentage points from 5.77% a year earlier and up 11.39 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 Jun 30, 2026, Gross Margin at Dow was 9.89%, up 2.10 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).
- The Q2 2026 figure stands as the highest quarterly Gross Margin since Q1 2022.
- On a year-over-year basis, Gross Margin increased in two of the last eight quarters, with an average year-over-year change of -0.78 percentage points.
- 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 6.53% (Q1 2026), 5.79% (Q4 2025) and 7.33% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 235.70 Bn | 217.28 Bn | 4.43 Bn | 47.67% |
| 2 | Corning | 108.32 Bn | 100.89 Bn | 1.63 Bn | 36.14% |
| 3 | Sherwin Williams | 82.88 Bn | 81.92 Bn | 3.34 Bn | 49.17% |
| 4 | Air Products & Chemicals | 68.58 Bn | 63.77 Bn | 1.04 Bn | 32.77% |
| 5 | LyondellBasell Industries | 42.35 Bn | 31.85 Bn | 2.04 Bn | 22.21% |
| 6 | Nutrien | 33.79 Bn | 30.61 Bn | 3.25 Bn | 30.07% |
| 7 | Ppg Industries | 24.61 Bn | 17.26 Bn | 1.81 Bn | 40.22% |
| 8 | International Flavors & Fragrances | 23.87 Bn | 21.53 Bn | 853.00 Mn | 43.65% |
| 9 | Dow | 23.17 Bn | 6.66 Bn | 2.17 Bn | 17.92% |
| 10 | Qnity Electronics | 22.75 Bn | 19.89 Bn | 666.00 Mn | 46.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 21.74% |
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();