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DOW vs Eastman Chemical: DOW and EMN compared
DOW is the larger company: $11.3B of revenue in its latest quarter (Q3 2026) against $2.4B for Eastman Chemical (Q3 2026). DOW is growing faster (+13% against +8% a year earlier). Eastman Chemical is more profitable, with an operating margin of 10.4% against 5.7%.
Where the money goes: DOW and EMN
DOW (DOW) · Q3 2026
DOW, Q3 2026: revenue $11.3B (+13% year over year), operating margin 5.7%, net earnings $458M, operating cash flow $1.8B. The chart follows the revenue to costs, profit and cash.
Eastman Chemical (EMN) · Q3 2026
Eastman Chemical, Q3 2026: revenue $2.4B (+8% year over year), operating margin 10.4%, net earnings $253M, operating cash flow $290M. The chart follows the revenue to costs, profit and cash.
| DOW (DOW) | Eastman Chemical (EMN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $11.3B | $2.4B |
| Revenue growth, Y/Y | +13% | +8% |
| Gross margin | — | 22.3% |
| Operating margin | 5.7% | 10.4% |
| Net earnings | $458M | $253M |
| Net margin | 4.1% | 10.6% |
| Operating cash flow | $1.8B | $290M |
| Free cash flow | $1.1B | $195M |
| Market value | $22.8B | $7.5B |
| P/E | — | 11.5× |
| Analysts’ mean target | $34.76 | $75.12 |
Where the revenue comes from
DOW
- Packaging & Specialty Plastics: $5.8B (51%)
- Industrial Intermediates & Infrastructure: $3.1B (27%)
- Performance Materials & Coatings: $2.2B (20%)
- Corporate Segment: $181M (2%)
Questions
Which is bigger, DOW or Eastman Chemical?
DOW is the larger company: $11.3B of revenue in its latest quarter (Q3 2026) against $2.4B for Eastman Chemical (Q3 2026).
Is DOW or Eastman Chemical growing faster?
DOW is growing faster (+13% against +8% a year earlier).
Which is more profitable, DOW or Eastman Chemical?
Eastman Chemical is more profitable, with an operating margin of 10.4% against 5.7%.
More: DOW earnings · how DOW makes money · Eastman Chemical earnings · how Eastman Chemical makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 23, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.