Dow Inc. (DOW) Q3 2025 10-Q Quarterly Report
Filed: Oct 24, 2025Period ending Sep 30, 2025
Health Care
Plastic Materials, Synth Resins & Nonvulcan ElastomersSEC EDGAR Dow Inc. (DOW) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 24, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Dow Inc. Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $10.0B Q3 2025, down 8% YoY from $10.9B Q3 2024; declines across Packaging & Specialty Plastics (-11%), Industrial Intermediates & Infrastructure (-4%), Performance Materials & Coatings (-6%)
- • Operating EBIT margin contracted: Packaging & Specialty Plastics $199M vs $618M YoY, Industrial Intermediates EBIT loss improved slightly ($47M loss vs $53M loss), Performance Materials $80M vs $140M YoY
- • Packaging & Specialty Plastics worst performer with $419M EBIT decline; Industrial Intermediates & Infrastructure least negative with $6M EBIT loss reduction
- • Cash from operations $1.13B Q3 2025, up from $800M YoY; capital expenditures $1.91B YTD 2025, down from $2.17B YTD 2024; capex guidance cut to $2.5B for 2025
- • Management cites persistent macroeconomic headwinds, overcapacity, and trade volatility; implementing $1B cost reductions, asset rationalization, dividend cut 50% to $0.35/share; outlook cautious with focus on cost control and cash flow
Risk Factors
- • No new risk factors added since 10-K; updates reflect ongoing macroeconomic uncertainty and trade policy changes in 2025
- • Most material update: Elevated U.S. tariff rates, highest since 1930s, causing supply chain disruption and negatively impacting sales volume and pricing
- • Regulatory risk: Continued sanctions and export restrictions from Russia-Ukraine conflict may further restrict shipments, risking financial condition or cash flows
- • Market risk: Excess industry capacity, especially in EMEAI and Asia Pacific, leading to price declines and reduced operating rates affecting near-term earnings
- • Financial risk: Exposure to foreign currency volatility in inflationary markets like Argentina, with hedging strategies employed but risk remains to results
Dow Inc. Q3 2025 Quarterly FinancialsXBRL
Revenue
$10.0B
▼ -8.3% YoY▼ -1.3% QoQ
Net Income
$62M
▼ -71.0% YoY▲ +107.4% QoQ
Net Margin
0.6%
▼ -135bp YoY▲ +889bp QoQ
ROE
0.4%
Total Assets
$61.0B
EPS (Diluted)
$0.09
▼ -70.0% YoY▲ +107.6% QoQ
Operating Cash Flow
$1.1B
▲ +40.9% YoY▲ +339.8% QoQ
Source: XBRL data from Dow Inc. Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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