Dow (DOW) Return on Capital Employed [ROCE] (2009 - 2026)
Dow (DOW) posted Return on Capital Employed [ROCE] of 0.24% for Q2 2026, down 0.06 percentage points from 0.30% a year earlier but up 3.01 percentage points from the prior quarter.
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Analysis
Dow (DOW) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Dow's Return on Capital Employed [ROCE] came in at -3.01%, down 7.47 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] shows a five-year change of -7.52 percentage points (FY2020 to FY2025).
- In prior years, Dow's Return on Capital Employed [ROCE] was 4.46% in FY2024 (+0.62 pp), 3.84% in FY2023 (-7.89 pp), 11.73% in FY2022 (-5.14 pp) and 16.87% in FY2021 (+12.37 pp).
- Quarterly Return on Capital Employed [ROCE] has run from a low of -2.90% in Q4 2025 to a high of 17.90% in Q1 2022 over five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined in each of the last six quarters, with an average year-over-year change of -2.99 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was Q3 2021, with a gain of 19.21 percentage points; the weakest was Q2 2023, with a drop of 11.74 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior quarters was -2.77% (Q1 2026), -2.90% (Q4 2025) and -0.25% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 235.27 Bn | 218.38 Bn | 4.43 Bn | 13.17% |
| 2 | Corning | 106.79 Bn | 99.92 Bn | 1.63 Bn | 9.96% |
| 3 | Sherwin Williams | 83.92 Bn | 82.96 Bn | 3.34 Bn | 23.44% |
| 4 | Air Products & Chemicals | 68.64 Bn | 66.53 Bn | 1.04 Bn | -1.63% |
| 5 | LyondellBasell Industries | 42.22 Bn | 31.84 Bn | 2.04 Bn | 3.55% |
| 6 | Nutrien | 33.30 Bn | 30.16 Bn | 3.25 Bn | - |
| 7 | Ppg Industries | 25.14 Bn | 17.94 Bn | 1.81 Bn | 13.38% |
| 8 | International Flavors & Fragrances | 23.95 Bn | 21.65 Bn | 853.00 Mn | 3.64% |
| 9 | Dow | 22.98 Bn | 7.98 Bn | 2.17 Bn | 0.24% |
| 10 | Qnity Electronics | 22.74 Bn | 20.16 Bn | 666.00 Mn | 10.47% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.24% |
| Mar 31, 2026 | -2.77% |
| Dec 31, 2025 | -2.90% |
| Sep 30, 2025 | -0.25% |
| Jun 30, 2025 | 0.30% |
| Mar 31, 2025 | 3.04% |
| Dec 31, 2024 | 4.39% |
| Sep 30, 2024 | 4.44% |
| Jun 30, 2024 | 4.67% |
| Mar 31, 2024 | 5.07% |
| Dec 31, 2023 | 3.94% |
| Sep 30, 2023 | 4.55% |
| Jun 30, 2023 | 5.72% |
| Mar 31, 2023 | 8.08% |
| Dec 31, 2022 | 12.14% |
| Sep 30, 2022 | 14.84% |
| Jun 30, 2022 | 17.45% |
| Mar 31, 2022 | 17.90% |
| Dec 31, 2021 | 16.83% |
| Sep 30, 2021 | 14.88% |
API Access
Dow Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=DOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=DOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();