Dow (DOW) Invested Capital (2009 - 2026)
Dow (DOW) posted Invested Capital of $35.17 billion for Q3 2026, down 5.8% from $37.32 billion a year earlier and down 0.5% from the prior quarter.
Powered by 
Analysis
Dow (DOW) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Dow's Invested Capital came in at $35.68 billion, up 4.4% from FY2024.
- Annual Invested Capital shows a five-year compound annual growth rate of 3.5% (FY2020 to FY2025).
- In prior years, Dow's Invested Capital was $34.19 billion in FY2024 (unchanged), $34.19 billion in FY2023 (-5.8%), $36.31 billion in FY2022 (+8.7%) and $33.41 billion in FY2021 (+11.0%).
- Quarterly Invested Capital has run from a low of $32.1 billion in Q3 2022 to a high of $37.32 billion in Q3 2025 over five years.
- On a year-over-year basis, Invested Capital increased in four of the last eight quarters, with growth averaging 0.5%.
- The strongest year-over-year quarter for Invested Capital in the past five years was Q4 2021, with growth of 11.0%; the weakest was Q4 2023, with a decline of 5.8%.
- According to Business Quant data, Invested Capital for the three prior quarters was $35.36 billion (Q2 2026), $34.9 billion (Q1 2026) and $35.68 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 239.54 Bn | 223.24 Bn | 4.44 Bn | 67.69 Bn |
| 2 | Corning | 96.61 Bn | 88.91 Bn | 1.81 Bn | 22.52 Bn |
| 3 | Sherwin Williams | 85.84 Bn | 84.86 Bn | 3.28 Bn | 15.77 Bn |
| 4 | Air Products & Chemicals | 69.53 Bn | 72.40 Bn | - | - |
| 5 | LyondellBasell Industries | 39.13 Bn | 27.31 Bn | 1.50 Bn | 23.59 Bn |
| 6 | Nutrien | 34.78 Bn | 31.35 Bn | 1.86 Bn | 38.57 Bn |
| 7 | Ppg Industries | 27.48 Bn | 20.55 Bn | 1.76 Bn | 15.47 Bn |
| 8 | Qnity Electronics | 25.83 Bn | 22.27 Bn | 743.00 Mn | 11.91 Bn |
| 9 | Ati | 24.82 Bn | 22.90 Bn | 380.20 Mn | 3.99 Bn |
| 10 | Dow | 22.79 Bn | 8.23 Bn | 1.38 Bn | 35.17 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 35.17 Bn |
| Jun 30, 2026 | 35.36 Bn |
| Mar 31, 2026 | 34.90 Bn |
| Dec 31, 2025 | 35.68 Bn |
| Sep 30, 2025 | 37.32 Bn |
| Jun 30, 2025 | 35.39 Bn |
| Mar 31, 2025 | 33.87 Bn |
| Dec 31, 2024 | 34.19 Bn |
| Sep 30, 2024 | 35.41 Bn |
| Jun 30, 2024 | 35.17 Bn |
| Mar 31, 2024 | 35.26 Bn |
| Dec 31, 2023 | 34.19 Bn |
| Sep 30, 2023 | 35.01 Bn |
| Jun 30, 2023 | 35.45 Bn |
| Mar 31, 2023 | 35.98 Bn |
| Dec 31, 2022 | 36.31 Bn |
| Sep 30, 2022 | 32.10 Bn |
| Jun 30, 2022 | 33.23 Bn |
| Mar 31, 2022 | 33.98 Bn |
| Dec 31, 2021 | 33.41 Bn |
API Access
Dow Invested Capital 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=invested-capital&ticker=DOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=DOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();