Dow (DOW) Invested Capital (2009 - 2026)
Dow (DOW) posted Invested Capital of $35.36 billion for Q2 2026, down 0.1% from $35.39 billion a year earlier but up 1.3% 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 (-6.7%), $36.67 billion in FY2022 (+9.8%) and $33.41 billion in FY2021 (+11.0%).
- Quarterly Invested Capital has run from a low of $31.62 billion in Q3 2021 to a high of $37.32 billion in Q3 2025 over five years.
- On a year-over-year basis, Invested Capital increased in five of the last eight quarters, with growth averaging 1.3%.
- 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 6.7%.
- According to Business Quant data, Invested Capital for the three prior quarters was $34.9 billion (Q1 2026), $35.68 billion (Q4 2025) and $37.32 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 235.79 Bn | 217.37 Bn | 4.43 Bn | 68.63 Bn |
| 2 | Corning | 106.66 Bn | 99.23 Bn | 1.63 Bn | 21.60 Bn |
| 3 | Sherwin Williams | 84.26 Bn | 83.30 Bn | 3.34 Bn | 15.93 Bn |
| 4 | Air Products & Chemicals | 68.55 Bn | 63.74 Bn | 1.04 Bn | 34.08 Bn |
| 5 | LyondellBasell Industries | 42.27 Bn | 31.78 Bn | 2.04 Bn | 23.59 Bn |
| 6 | Nutrien | 33.55 Bn | 30.38 Bn | 3.25 Bn | 37.33 Bn |
| 7 | Ppg Industries | 25.18 Bn | 17.84 Bn | 1.81 Bn | 15.48 Bn |
| 8 | International Flavors & Fragrances | 23.86 Bn | 21.52 Bn | 853.00 Mn | 19.71 Bn |
| 9 | Dow | 22.91 Bn | 6.41 Bn | 2.17 Bn | 35.36 Bn |
| 10 | Qnity Electronics | 22.88 Bn | 20.02 Bn | 666.00 Mn | 11.57 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 31.62 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();