Dow's Income Statement Analysis: Revenue to Profit Breakdown
Dow's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$54.97 B | $56.90 B | $44.62 B | $42.96 B | $39.97 B | $39.33 B |
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Cost of Revenue Direct cost of goods/services. |
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$44.58 B | $49.05 B | $39.65 B | $38.51 B | $37.57 B | $36.91 B |
Gross Profit Revenue minus cost of revenue. |
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$10.39 B | $7.86 B | $4.97 B | $4.46 B | $2.40 B | $2.42 B |
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Operating Expense
Costs to run business. |
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$2.50 B | $2.53 B | $2.46 B | $2.39 B | $2.14 B | $3.33 B |
Research and Development Investment in innovation. |
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$857.00 M | $851.00 M | $829.00 M | $810.00 M | $751.00 M | $733.00 M |
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Sales, General and Administrative
Selling and admin costs. |
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$1.65 B | $1.68 B | $1.63 B | $1.58 B | $1.38 B | $1.44 B |
General and Administrative Corporate overhead costs. |
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- | - | - | - | - | - |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | - |
Other Expenses Other operating costs. |
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- | - | - | - | - | $1.15 B |
Operating Income Profit from operations. |
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$7.89 B | $5.33 B | $2.52 B | $2.06 B | $260.00 M | -$907.00 M |
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Net Interest Income
Interest income minus expense. |
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-$634.00 M | -$478.00 M | -$507.00 M | -$558.00 M | -$713.00 M | -$715.00 M |
Interest Income Income from investments. |
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$55.00 M | $173.00 M | $229.00 M | $200.00 M | $152.00 M | $166.00 M |
Interest Expense Cost of borrowing. |
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$689.00 M | $651.00 M | $736.00 M | $758.00 M | $865.00 M | $881.00 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$948.00 M | -$1.41 B | $1.12 B | -$294.00 M | $1.91 B | $419.00 M |
Total Other Income (Net) Net non-operating items. |
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$259.00 M | $759.00 M | -$1.86 B | -$464.00 M | -$2.77 B | -$1.62 B |
Income Before Tax Profit before taxes. |
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$8.15 B | $6.09 B | $656.00 M | $1.60 B | -$2.51 B | -$2.53 B |
Income Tax Expense Taxes on income. |
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$1.74 B | $1.45 B | -$4.00 M | $399.00 M | -$67.00 M | $72.00 M |
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Net Income
Final profit. |
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$6.31 B | $4.58 B | $589.00 M | $1.12 B | -$2.62 B | -$2.76 B |
Net Income From Continuing Operations Profit from core business. |
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$6.41 B | $4.64 B | $660.00 M | $1.20 B | -$2.44 B | -$2.60 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | $88.00 M |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$8.44 | $6.32 | $0.82 | $1.57 | -$3.69 | -$3.99 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$8.38 | $6.28 | $0.82 | $1.57 | -$3.69 | -$3.99 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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743.60 M | 721.00 M | 705.70 M | 703.80 M | 711.60 M | 721.20 M |
Diluted Average Shares Outst. Shares including dilution. |
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749.00 M | 725.60 M | 709.00 M | 705.10 M | 711.60 M | 721.20 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$8.83 B | $6.74 B | $1.39 B | $2.36 B | -$1.65 B | -$1.33 B |
EBITDA Earnings before interest, tax, D&A. |
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$11.68 B | $9.50 B | $4.00 B | $5.25 B | $1.19 B | $840.00 M |
Depreciation and Amortization Non-cash expense for assets. |
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$2.84 B | $2.76 B | $2.61 B | $2.89 B | $2.83 B | $2.17 B |
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