Dow (DOW)
Makes polyethylene, polyurethane materials, industrial intermediates, silicones and coating ingredients.
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Sells polyethylene, specialty polymers, polyurethane materials, industrial intermediates, silicones and coating ingredients through Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. Revenue is overwhelmingly product-based, with margins tied to feedstock costs, plant operating rates and chemical-industry supply-demand cycles.
Turns hydrocarbon feedstocks into polyethylene, specialty polymers and industrial intermediates through Packaging & Specialty Plastics, its largest segment. Industrial Intermediates & Infrastructure supplies polyurethane materials, construction chemicals, solvents, amines and heat-transfer fluids, while Performance Materials & Coatings provides silicones, acrylic binders and coating ingredients for packaging, buildings, mobility, electronics and consumer applications.
Uses integrated crackers and derivative plants, flexible feedstock positions, global manufacturing scale and customer application labs to move basic chemicals into higher-value formulations. Manufacturing spans 29 countries, with sales distributed across the Americas, Europe, the Middle East, Africa, India and Asia Pacific. Margins remain tied to chemical-industry supply and demand, plant operating rates, and energy and raw-material costs. Transform to Outperform is simplifying operations and reducing the workforce, while European asset closures target higher-cost upstream capacity and merchant-sale exposure.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 17, 2026 | Deutsche Bank | Target | Target: $40 | Target: $32 |
| Sep 11, 2026 | KeyBanc | Initiate | Rating: — | |
| Jul 24, 2026 | UBS | Reiterate | Rating: —Target: $37 | Target: $32 |
| Jul 20, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $41 | Target: $39 |
| Jul 16, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $27 | Target: $34 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.97B · Total debt $20.86B · Total assets $61.59B · Shareholders' equity $24.42B
- Revenue
- $12.09B
- Operating income
- $882.0M
- Net income
- $721.0M
HistoryDividendAnnual yield
| Institutions | 158.30% | 1.14B shares | |
|---|---|---|---|
| 1,268 holders · as of Jun 30, 2026 | |||
| Insiders | 0.26% | 1.85M shares | |
| 26 holders · as of Aug 14, 2026 | |||
| Strategic holders | 6.33% | 45.74M shares | |
| 1 holder · as of Feb 3, 2022 | |||
| Adds to | 164.89% | ||
722.34M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 164.89%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 17.10% | 61.74M · 61.74M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 13.02% | 47.03M · 47.03M | as of Jun 30, 2026 |
State Street CorpInstitution | 10.49% | 37.87M · 37.87M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 9.66% | 34.89M · 34.89M | as of Jun 30, 2026 |
BlackRock, Inc.Strategic | 6.33% | 45.74M | filed Feb 3, 2022 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- LyondellBasell
World-scale PE and PP peer; direct volume battle in packaging polyethylene.
- Huntsman
MDI-focused polyurethane systems rival in insulation, foam, and CASE markets.
- Westlake
Integrated NA polyethylene rival; competes on feedstock cost and packaging PE.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Dow | $28.35 | +0.28% | $20.42B | — | 14.9 | 0.5 | +19.7% |
| LyondellBasell | $60.30 | +0.10% | $19.45B | — | 7.6 | 0.6 | +19.8% |
| Huntsman | $9.13 | +3.05% | $1.55B | — | 239.6 | 0.3 | +14.1% |
| Westlake | $69.35 | +2.33% | $8.68B | — | 18.9 | 0.8 | +10.8% |
| Median | — | 18.9 | 0.6 | +14.1% |