Filing Flows › DOW (DOW) › Q3 2026 › vs Q3 2025
DOW (DOW) Q3 2026 vs Q3 2025 (year over year)
DOW's revenue rose $1.3B (+13%) from $10.0B in Q3 2025 to $11.3B in Q3 2026. The biggest changes: Packaging & Specialty Plastics +$887M (+18%); Industrial Intermediates & Infrastructure +$224M (+8%); Performance Materials & Coatings +$168M (+8%). Operating margin 5.7% against 0.7% (+5.0 pts).
DOW, Q3 2026: revenue $11.3B (+13% year over year), operating margin 5.7%, net earnings $458M, operating cash flow $1.8B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 5.7% | 0.7% | +5.0 pts |
| Net margin | 4.1% | 0.6% | +3.4 pts |
| Free cash flow margin | 10.0% | 5.6% | +4.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Packaging & Specialty Plastics | $5.8B | $4.9B | $887M | +18% |
| Industrial Intermediates & Infrastructure | $3.1B | $2.8B | $224M | +8% |
| Performance Materials & Coatings | $2.2B | $2.1B | $168M | +8% |
| Corporate Segment | $181M | $166M | $15.0M | +9% |
| Revenue | $11.3B | $10.0B | $1.3B | +13% |
| Operating profit | $642M | $70.0M | $572M | +817% |
| Costs & expenses | $10.6B | $9.9B | $722M | +7% |
| Pre-tax earnings | $642M | $70.0M | $572M | +817% |
| Cost of revenue | $9.9B | $9.2B | $647M | +7% |
| Research & development | $180M | $191M | −$11.0M | -6% |
| SG&A | $408M | $340M | $68.0M | +20% |
| Other operating costs | $148M | $130M | $18.0M | +14% |
| Net earnings | $458M | $62.0M | $396M | +639% |
| Minority interests | $67.0M | $62.0M | $5.0M | +8% |
| Income tax | $117M | −$54.0M | $171M | — |
| Depreciation & amortization | $666M | $688M | −$22.0M | -3% |
| Working capital & other | $714M | $377M | $337M | +89% |
| Operating cash flow | $1.8B | $1.1B | $711M | +63% |
| Free cash flow (OCF − capex) | $1.1B | $563M | $569M | +101% |
| Capital expenditures | $706M | $564M | $142M | +25% |
Questions
How much did DOW's revenue grow year over year in Q3 2026?
DOW's revenue rose $1.3B (+13%) from $10.0B in Q3 2025 to $11.3B in Q3 2026.
What drove DOW's revenue change in Q3 2026?
Packaging & Specialty Plastics +$887M (+18%); Industrial Intermediates & Infrastructure +$224M (+8%); Performance Materials & Coatings +$168M (+8%).