Dow Inc. stock research
FY2026 Q1
Dow (DOW) Gross Margin & Quarterly History
Explore Dow Inc. (DOW) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue increased relative to the prior quarter, while gross profit increased at a faster pace, leading to an improvement in gross margin. Compared to the same quarter last year, revenue was lower, gross profit was slightly lower, and gross margin remained broadly stable.
- Gross margin strengthened sequentially as gross profit rose more than proportionally to revenue. The year-over-year comparison shows gross margin essentially unchanged despite lower revenue, indicating cost of revenue moved in line with revenue over the longer period.
- Compared to the preceding quarter, both revenue and gross profit were higher, with gross profit increasing at a greater rate, resulting in an improved gross margin. Versus the same quarter one year earlier, revenue was lower, gross profit was slightly lower, and gross margin was nearly stable.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
6.5%
Gross profit
$640.0M
Revenue
$9.8B
Cost of revenue
$9.2B
Quarter-over-quarter change
+0.7 pts
Year-over-year change
+0.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $10.1B | $583.0M | $9.5B | 5.8% |
| Sep 30, 2025 | $10.0B | $731.0M | $9.2B | 7.3% |
| Dec 31, 2025 | $9.5B | $548.0M | $8.9B | 5.8% |
| Mar 31, 2026 | $9.8B | $640.0M | $9.2B | 6.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+0.7 pts
Year-over-year change
Mar 31, 2025
+0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin strengthened sequentially as gross profit rose more than proportionally to revenue. The year-over-year comparison shows gross margin essentially unchanged despite lower revenue, indicating cost of revenue moved in line with revenue over the longer period.
Compared to the preceding quarter, both revenue and gross profit were higher, with gross profit increasing at a greater rate, resulting in an improved gross margin. Versus the same quarter one year earlier, revenue was lower, gross profit was slightly lower, and gross margin was nearly stable.
Monitor the trajectory of cost of revenue relative to revenue in upcoming quarters for signs of sustained margin improvement.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Dow Inc. (DOW) | 6.5% |