Dow (DOW) Operating Margin (2009 - 2026)
Dow's Operating Margin came in at 7.62% for Q2 2026, up 13.00 percentage points from -5.37% a year earlier and up 7.47 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 Jun 30, 2026, Dow reported Operating Margin of 0.28%, down 0.06 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 Q2 2026 figure represents the highest quarterly Operating Margin since Q2 2023.
- Year-over-year, Operating Margin increased in two of the last eight quarters, with an average year-over-year change of -2.74 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q3 2021 (a gain of 21.39 percentage points), and the weakest in Q4 2025 (a drop of 13.88 percentage points).
- Business Quant data shows DOW's Operating Margin at 0.15% (Q1 2026), -10.55% (Q4 2025) and 1.77% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 231.39 Bn | 212.97 Bn | 4.43 Bn | 27.49% |
| 2 | Corning | 114.25 Bn | 106.81 Bn | 1.63 Bn | 15.49% |
| 3 | Sherwin Williams | 82.06 Bn | 81.10 Bn | 3.34 Bn | 18.18% |
| 4 | Air Products & Chemicals | 67.00 Bn | 62.19 Bn | 1.04 Bn | -66.34% |
| 5 | LyondellBasell Industries | 41.20 Bn | 30.70 Bn | 2.04 Bn | 16.81% |
| 6 | Nutrien | 33.48 Bn | 30.31 Bn | 3.25 Bn | 16.44% |
| 7 | Ati | 24.95 Bn | 22.98 Bn | 309.80 Mn | 17.45% |
| 8 | Qnity Electronics | 24.94 Bn | 22.08 Bn | 666.00 Mn | 25.75% |
| 9 | Ppg Industries | 24.22 Bn | 16.87 Bn | 1.81 Bn | 14.73% |
| 10 | Dow | 22.07 Bn | 5.56 Bn | 2.17 Bn | 7.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 17.61% |
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();