Dow Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Dow Inc (DOW) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Dow Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 40,494M vs 424,506M combined for its competitors (8.7% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+11.3% annualized vs trailing 12 months), vs accelerating (+3.7%) for its tracked peer group.
- Growth: Dow Inc generated 13.0% revenue growth year over year in Q3 2026, vs 2.8% for its competitors combined.
- Profitability: Its 4.1% net margin compares with 8.5% for the peer group.
- Scale: Dow Inc ranks #1 of 21 companies by market capitalization in the Chemicals - Plastics & Rubber industry, holding 19.1% of industry market cap.
- Peer revenue share: Dow Inc accounted for 9.3% of combined revenue among its tracked peer group, up from 8.5% a year earlier.
- Peer differentiation: Revenue per employee of $1.17M compares with $0.73M for the peer group (1.6x).
- Structure: Dow Inc operates in the following segments: Operating Segment Total, Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, Performance Materials & Coatings, Corporate and Unallocated, Corporate.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
DOW Sales vs. its Competitors, Q3 2026
Dow Inc reported revenue growth of 12.98 % year on year in Q3 2026, above its competitors' combined revenue growth of 2.77 %.
With a net margin of 4.06 %, Dow Inc reported lower profitability than its competitors (8.48 %).
Dow Inc generated 9.29 % of the combined sales of its peer group, up from 8.52 % a year earlier.
API endpoints for this dataset
Dow Inc vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Dow Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Dow Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Dow Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (2) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Dow Inc's competitor groups requires a Commercial License.
For context: the Chemicals - Plastics & Rubber industry grew revenue -1.0% year over year, combined, vs 13.0% for Dow Inc. Dow Inc's share of combined industry revenue moved from 22.77% to 25.98%, a gain of 3.21 percentage points.
Dow Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Dow Inc | No | No | No | No |
| Competitors combined (80) | ||||
| High-Confidence Competitors (5) | ||||
| Similar-Size Competitors (5) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
DOW Stock Performance relative to its Competitors
DOW Stock Performance relative to High-Confidence Competitors
DOW Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Enviri Corp | 282.9% | Outperformed |
| 2 | Acme United Corp | 282.9% | Outperformed |
| 3 | Sealed Air Corp | 282.9% | Outperformed |
| 4 | Newell Brands Inc | 282.9% | Outperformed |
| 5 | Ecopetrol S a | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Dow Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Dow Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Dow Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Dow Inc |
22,840.36 | 40,494.00 |
 General Electric Company |
336,492.84 | 52,575.00 |
 Applied Materials Inc |
266,172.00 | 30,837.00 |
 Conocophillips |
165,466.53 | 63,345.00 |
 3m Company |
96,759.39 | 25,247.00 |
 Corning Inc |
92,439.23 | 17,719.00 |
| SUBTOTAL | 1,726,476.38 | 807,803.27 |
Sign in to see all competitors of Dow Inc .
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Dow Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Dow Inc's Competitors Named by the Company
Competitive relationships identified from Dow Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| ExxonMobil | Company report | 85% |
| Sinopec | Company report | 85% |
| SABIC | Company report | 85% |
| INEOS | Company report | 85% |
| Chevron Phillips Chemical | Company report | 85% |
| Shell | Company report | 85% |
| LyondellBasell | Company report | 85% |
| Westlake Corporation | Company report | 85% |
| Dupont De Nemours Inc | Company report | 85% |
| Eastman Chemical Co | Company report | 85% |
| Huntsman Corporation | Company report | 85% |
| The Sherwin williams Company | Company report | 85% |
| Trinseo Plc | Company report | 85% |
| Ppg Industries Inc | Company report | 85% |
| Alcoa Corp | Company report | 85% |
| Axalta Coating Systems Ltd | Company report | 85% |
| Rpm International Inc | Company report | 85% |
| Advansix Inc | Company report | 85% |
| Celanese Corporation | Company report | 85% |
| Gcp Applied Technologies Inc. | Company report | 85% |
| Materion Corporation | Company report | 85% |
| Albemarle Corporation | Company report | 85% |
| Cabot Corporation | Company report | 85% |
| Fmc Corporation | Company report | 85% |
| Innospec Inc | Company report | 85% |
| Stepan Company | Company report | 85% |
| Avient Corporation | Company report | 85% |
| Conocophillips | Company report | 85% |
| Corning Inc | Company report | 85% |
| W R Grace and co | Company report | 85% |
| Ashland Inc | Company report | 85% |
| The Chemours Company | Company report | 85% |
| Fuller H B Co | Company report | 85% |
| Ferro Corporation | Company report | 85% |
| 3m Company | Company report | 85% |
Company report basis, confidence, active dates and source counts for Dow Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Dow Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Dow Inc | Operating Segment Total 98.39 % |
| General Electric Company | Commercial Engines and Services, Reportable 73.25 % |
| Applied Materials Inc | Semiconductor Systems 75.41 % |
| 3m Company | Safety and Industrial 48.33 % |
| Corning Inc | Optical Communications 49.00 % |
| Ecolab Inc | Water Services 51.14 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Dow Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Dow Inc | 22,840 | 1,170,347 | -38,728 |
| General Electric Company | 336,493 | 922,368 | 159,930 |
| Applied Materials Inc | 266,172 | 844,849 | 253,890 |
| Conocophillips | 165,467 | 6,398,485 | 936,263 |
| 3m Company | 96,759 | 417,306 | 58,579 |
| Corning Inc | 92,439 | 263,676 | 33,988 |
| PEERS TOTAL | 1,703,636 | 728,050 | 67,744 |
Dow Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Dow Inc | U.S.& Canada 40.37 % |
| Applied Materials Inc | Taiwan 27.24 % |
| 3m Company | United States 46.28 % |
| The Sherwin williams Company | Non-US 20.00 % |
| Occidental Petroleum Corporation | Non-US 20.75 % |
| Ppg Industries Inc | North America 33.22 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Dow Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 20 companies in Dow Inc's industry classification, broader than the peer set above. Market cap in millions of $.Dow Inc ranks #1 of 20 companies by market capitalization in its industry, holding 19.07 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,237, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Dow Inc | 22,646 | 19.07 % |
| 2 | Dupont De Nemours Inc | 20,044 | 16.87 % |
| 3 | Entegris Inc | 19,658 | 16.55 % |
| 4 | Albemarle Corporation | 13,519 | 11.38 % |
| 5 | Aptargroup inc | 1,234 | 5.2% |
| 6 | Eastman Chemical Co | 1,234 | 5.2% |
| 7 | Armstrong World Industries Inc | 1,234 | 5.2% |
| 8 | Hexcel Corporation | 1,234 | 5.2% |
| 9 | Avient Corporation | 1,234 | 5.2% |
| 10 | Newell Brands Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Dow Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Dow Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Dow Inc | 22,646 | 38.16 % |
| 2 | Dupont De Nemours Inc | 20,044 | 44.60 % |
| 3 | Entegris Inc | 1,234 | 12.3% |
| 4 | Albemarle Corporation | 1,234 | 12.3% |
| 5 | Aptargroup inc | 1,234 | 12.3% |
| 6 | Eastman Chemical Co | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Dow Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Dow Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Chemicals - Plastics & Rubber industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (41 companies). See the full Chemicals - Plastics & Rubber industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 8.14 % | 16.59 % (avg) | -8.5 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 8.08 % | 9.26 % (avg) | -1.2 pp |
| Capital Intensity (Capex / Revenue) | 7.73 % | 6.73 % (avg) | +1.0 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Dow Inc's Valuation vs Competitive Position
Valuation multiples vs the Chemicals - Plastics & Rubber industry average (41 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Chemicals - Plastics & Rubber industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 40.4x | - |
| EV / EBITDA | 10.8x | 16.5x | -5.7x |
| P/B | 1.2x | 2.9x | -1.7x |
| Return on Equity | -7.55 % | industry aggregate | -8.59 % |
| Return on Invested Capital | - | 2.00 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Dow Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 8.59 % | -28.75 % | -10.27 % | 42.62 % | 3.52 % | -21.58 % | -3.72 % | -6.97 % |
| Operating Margin | 9.80 % | -1.77 % | 4.17 % | 14.34 % | 9.81 % | 3.52 % | 4.19 % | -4.25 % |
| Return on Invested Capital | 6.32 % | -0.96 % | 2.46 % | 11.36 % | 8.31 % | 2.54 % | 2.97 % | -2.78 % |
| P/E | - | - | 33.7x | 6.8x | 8.4x | 61.6x | 29.3x | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Dow Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Dow Inc falls in the Cash Cow quadrant: relative market share of 1.13x vs its largest competitor, in an industry growing revenue 7.5% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Dow Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,237 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 7.73 % vs industry average 6.73 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Dow Inc's dedicated Suppliers and Customers pages, not here.
Dow Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Dow Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Dow Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Market leader by capitalization in its industry (#1 of 20, 19.07 % share).
- Latest-quarter revenue run-rate is accelerating (+11.3% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 8.6 points below the industry aggregate.
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Dow Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Dow Inc | 0.40 | 1.87 | 1.01 |
| General Electric Company | - | 0.90 | 1.09 |
| Applied Materials Inc | 0.79 | 2.53 | 0.29 |
| Conocophillips | 0.49 | 1.36 | 0.45 |
| 3m Company | - | 1.47 | 3.62 |
| Corning Inc | 0.34 | 1.69 | 0.65 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Dow Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Dow Inc | Q3 2026 | +11.5 % | - |
| General Electric Company | Q3 2026 | +15.9 % | +6.2 % |
| Applied Materials Inc | Q2 2026 | +24.8 % | +42.7 % |
| Conocophillips | Q2 2026 | +36.8 % | +98.8 % |
| 3m Company | Q3 2026 | +1.0 % | +63.3 % |
| Corning Inc | Q3 2026 | +18.4 % | +44.7 % |
| PEERS TOTAL | +10.6 % | +59.5 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Dow Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Dow Inc | Q3 2026 | +3.9 % | +98.0 % |
| General Electric Company | Q3 2026 | +450.6 % | +9.4 % |
| Applied Materials Inc | Q2 2026 | +21.1 % | +21.1 % |
| Conocophillips | Q2 2026 | +32.0 % | - |
| 3m Company | Q3 2026 | +0.2 % | +17.4 % |
| Corning Inc | Q3 2026 | +18.0 % | +63.2 % |
Dow Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Dow Inc | - | - | - |
| General Electric Company | 7.10% | 10.18% | 50.08% |
| Applied Materials Inc | 23.70% | 28.79% | 41.02% |
| Conocophillips | 7.55% | 8.36% | 14.30% |
| 3m Company | 9.60% | 13.24% | 93.07% |
| Corning Inc | 7.07% | 8.65% | 17.55% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Dow Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Dow Inc | - | 0.56 |
| General Electric Company | 37.37 | 6.40 |
| Applied Materials Inc | 28.76 | 8.63 |
| Conocophillips | 18.07 | 2.61 |
| 3m Company | 27.59 | 3.83 |
| Corning Inc | 44.59 | 5.22 |
| PEERS AVERAGE | 24.64 | 2.14 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.