Dow

DOW · Materials · Market cap $21.5B

Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 24, 2025

Revenue$10B −8% year over year

Gross profit$0.7B

Operating profit$-0.1B

Net profit$0.1B 1% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	10	100%	−8%
Packaging Specialty Plastics	4.9	49%	−11%
Industrial Intermediates…	2.8	28%	−4%
Performance Materials Coatings	2.1	21%	−6%
Corporate	0.2	2%	−11%
Cost of revenue	−9.2	92%
Gross profit	0.7	7% margin	−3pp
SG&A	−0.3	3%	+0pp
Other	−0.5	5%	+0pp
Operating profit	-0.1	-1% margin	−3pp
Net profit	0.1	1%	−1pp

All figures in billions of U.S. dollars, for Q3 FY24 (period ends Sep 30, 2024).
Item	Value	Share of revenue	Year over year
Revenue	10.9	100%	+1%
Packaging Specialty Plastics	5.5	50%	+1%
Industrial Intermediates…	3	28%	−2%
Performance Materials Coatings	2.2	20%	+4%
Corporate	0.2	2%	+68%
Cost of revenue	−9.8	90%
Gross profit	1.1	10% margin	−1pp
SG&A	−0.4	4%	+0pp
Other	−0.5	4%	+0pp
Operating profit	0.2	2% margin	−1pp
Tax	−0.1
Net profit	0.2	2%	−1pp

All figures in billions of U.S. dollars, for Q2 FY24 (period ends Jun 30, 2024).
Item	Value	Share of revenue	Year over year
Revenue	10.9	100%	−4%
Packaging Specialty Plastics	5.5	50%	−7%
Industrial Intermediates…	3	28%	−7%
Performance Materials Coatings	2.2	20%	+2%
Corporate	0.2	2%	+94%
Cost of revenue	−9.6	88%
Gross profit	1.3	12% margin	−1pp
SG&A	−0.4	4%	+0pp
Other	−0.4	4%	+0pp
Operating profit	0.5	5% margin	−1pp
Tax	−0.2
Net profit	0.4	4%	+0pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY25	Jul 1 – Sep 30, 2025	Oct 24, 2025	$10B	−8%	-1%	$0.1B	1%
Q3 FY24	Jul 1 – Sep 30, 2024	Oct 25, 2024	$10.9B	+1%	2%	$0.2B	2%
Q2 FY24	Apr 1 – Jun 30, 2024	Jul 26, 2024	$10.9B	−4%	5%	$0.4B	4%