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How DOW (DOW) makes money
DOW (DOW) made $11.3B of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Packaging & Specialty Plastics brought in $5.8B (51%); Industrial Intermediates & Infrastructure brought in $3.1B (27%); Performance Materials & Coatings brought in $2.2B (20%). Of every dollar of revenue, 6¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Packaging & Specialty Plastics | $5.8B | 51.3% | — | +18% |
| Industrial Intermediates & Infrastructure | $3.1B | 27.1% | — | +8% |
| Performance Materials & Coatings | $2.2B | 20.0% | — | +8% |
| Corporate Segment | $181M | 1.6% | — | +9% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $11.3B | 100.0% |
| Operating profit | $642M | 5.7% |
| Income tax | $117M | 1.0% |
| Net earnings | $458M | 4.1% |
| Operating cash flow | $1.8B | 16.3% |
| Free cash flow | $1.1B | 10.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $11.3B | +13% |
| Q2 2026 | $12.1B | +20% |
| Q1 2026 | $9.8B | -6% |
| Q2 2025 | $10.1B | -7% |
From DOW's 10-Q filed Oct 23, 2026 (on EDGAR).
Questions
How does DOW make money?
DOW (DOW) made $11.3B of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Packaging & Specialty Plastics brought in $5.8B (51%); Industrial Intermediates & Infrastructure brought in $3.1B (27%); Performance Materials & Coatings brought in $2.2B (20%). Of every dollar of revenue, 6¢ was left as operating profit, 4¢ was left as net earnings.
What is DOW's biggest business?
Packaging & Specialty Plastics: $5.8B in the third quarter 2026, 51% of revenue, +18% from a year earlier.
What is DOW's profit margin?
Net earnings were $458M, 4.1% of revenue, in the third quarter 2026; the operating margin was 5.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.