Dow (DOW) Operating Margin (2009 - 2026)
Dow's Operating Margin came in at 6.93% for Q3 2026, up 5.16 percentage points from 1.77% a year earlier but down 0.69 percentage points from the prior quarter.
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Analysis
Dow (DOW) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Dow reported Operating Margin of 1.69%, up 1.99 percentage points year-over-year; for FY2025, it was -3.67%, down 8.59 percentage points from FY2024.
- Operating Margin carries a five-year change of -9.51 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 4.92% in FY2024 (+0.67 pp), 4.25% in FY2023 (-6.15 pp), 10.40% in FY2022 (-4.64 pp) and 15.04% in FY2021 (+9.21 pp).
- The five-year range for quarterly Operating Margin is -10.55% (Q4 2025) to 13.51% (Q4 2021).
- Year-over-year, Operating Margin has increased for three consecutive quarters, with an average year-over-year change of -1.95 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q2 2026 (a gain of 13.00 percentage points), and the weakest in Q4 2025 (a drop of 13.88 percentage points).
- Business Quant data shows DOW's Operating Margin at 7.62% (Q2 2026), 0.15% (Q1 2026) and -10.55% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 239.83 Bn | 221.97 Bn | 4.44 Bn | 22.86% |
| 2 | Corning | 99.72 Bn | 91.40 Bn | 1.81 Bn | 18.76% |
| 3 | Sherwin Williams | 86.17 Bn | 85.18 Bn | 3.28 Bn | 17.61% |
| 4 | Air Products & Chemicals | 69.05 Bn | 64.24 Bn | 1.04 Bn | -66.34% |
| 5 | LyondellBasell Industries | 38.34 Bn | 26.40 Bn | 1.50 Bn | 12.55% |
| 6 | Nutrien | 35.09 Bn | 31.62 Bn | 1.86 Bn | 28.07% |
| 7 | Ppg Industries | 27.86 Bn | 20.78 Bn | 1.76 Bn | 14.89% |
| 8 | Qnity Electronics | 26.20 Bn | 22.35 Bn | 743.00 Mn | 28.15% |
| 9 | Ati | 25.21 Bn | 23.17 Bn | 380.20 Mn | 19.10% |
| 10 | Dow | 22.43 Bn | 6.39 Bn | 1.38 Bn | 6.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.93% |
| Jun 30, 2026 | 7.62% |
| Mar 31, 2026 | 0.15% |
| Dec 31, 2025 | -10.55% |
| Sep 30, 2025 | 1.77% |
| Jun 30, 2025 | -5.37% |
| Mar 31, 2025 | -0.99% |
| Dec 31, 2024 | 3.33% |
| Sep 30, 2024 | 4.06% |
| Jun 30, 2024 | 6.76% |
| Mar 31, 2024 | 5.44% |
| Dec 31, 2023 | 3.50% |
| Sep 30, 2023 | 5.23% |
| Jun 30, 2023 | 8.09% |
| Mar 31, 2023 | 0.33% |
| Dec 31, 2022 | 5.57% |
| Sep 30, 2022 | 8.41% |
| Jun 30, 2022 | 13.49% |
| Mar 31, 2022 | 12.84% |
| Dec 31, 2021 | 13.51% |
API Access
Dow Operating 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=operating-margin&ticker=DOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=DOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();