Dow Inc (DOW)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -1,614,000 | 107,000 | 337,000 | 1,573,000 | 2,358,000 | 1,811,000 | 1,896,000 | 1,979,000 | 1,396,000 | 2,589,000 | 3,136,000 | 4,586,000 | 6,741,000 | 7,986,000 | 9,255,000 | 9,563,000 | 8,834,000 | 8,615,000 | 6,434,000 | 3,810,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 16,008,000 | 17,541,000 | 17,231,000 | 16,788,000 | 17,355,000 | 18,311,000 | 18,318,000 | 18,425,000 | 18,607,000 | 19,567,000 | 19,997,000 | 20,181,000 | 20,718,000 | 18,117,000 | 18,973,000 | 18,880,000 | 18,165,000 | 16,439,000 | 15,573,000 | 14,003,000 |
| Return on total capital | -10.08% | 0.61% | 1.96% | 9.37% | 13.59% | 9.89% | 10.35% | 10.74% | 7.50% | 13.23% | 15.68% | 22.72% | 32.54% | 44.08% | 48.78% | 50.65% | 48.63% | 52.41% | 41.32% | 27.21% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-1,614,000K ÷ ($—K + $16,008,000K)
= -10.08%
Peer comparison
Dec 31, 2025