1.Sales and profit
See section →- Dow had $40.0B of revenue in fiscal 2025, down 7.0% on the year before. Over five years, revenue changed +0.7% a year on average.
- Dow lost $2.6B in fiscal 2025.
Dow
DOW NYSE Commodity Chemicals Financials FY2017–FY2025
Dow is a chemicals and materials company. It makes plastics, chemicals and coatings that go into packaging, buildings and infrastructure, cars and consumer products. It runs manufacturing sites in 29 countries, employs about 34,600 people, and had sales of approximately $40 billion in 2025. Dow Inc. is a holding company that runs all its businesses through a subsidiary, The Dow Chemical Company.
- Today
- 0.6%
- Previous close
- $33.99
- Market cap
- $24.4B
- P/E
- —
- Day range
-
$33.64 $34.15
- 52-week range
-
$20.95 $41.87
KIRA’s summary AI analyst
Hi! I read Dow’s latest annual report (fiscal 2025). Here is what stands out:
6 to watch
2.Cash and shareholders
See section →- Free cash flow was −$1.4B in fiscal 2025, −3.6% of revenue.
- Dow returned $1.5B to shareholders in fiscal 2025. The diluted share count rose 0.9%.
- No open-market insider trades in the last 12 months.
3.Financial health
See section →- Dow owes $14.3B more than it holds in cash, about 12.0 years of operating profit.
- Its return on capital was −4.1%: every 100 invested in the business earned about −4 in a year.
- Dow passes 3 of 9 financial health tests (Piotroski F-score).
4.Price and value
See section →- At $33.78 a share, the company is worth $24.4B.
- Dow grew sales faster than 1 of its 4 similar companies.
Biggest risks, in its own words
- Swings in the balance of supply and demand for its products, which change its earnings.
- The cost and availability of raw materials and energy.
- Climate change rules and the cost of meeting its climate commitments.
- Tighter rules on the safe use of chemicals and plastics and their effect on the environment.
- Asbestos-related lawsuits against its Union Carbide subsidiary, and other legal claims.
Dow in 30 seconds
Good So-so Weak
Weak
Are sales growing?
−7.0%
No. Sales fell 7.0% last year.
Weak
Does it make a profit?
−6.6%
No. It lost money last year.
Weak
Does profit turn into cash?
−3.6%
No. It spent more cash than it brought in.
Weak
Is debt under control?
12.0x
Heavy. Repaying its debt would take 12.0 years of operating profit.
Weak
How healthy are the accounts?
3 / 9
Weak. It passes 3 of 9 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Key numbers, fiscal 2025
Market cap
Last close times the latest diluted share count, so it is approximate.
$24.4B
Oct 27 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
About these figures. Net income is the part that belongs to Dow's shareholders; its 10-Ks tag a total only with the share of minority owners included.
Charts by
Sales and profit
Is it selling more, and how much does it keep?
Revenue and margins
KIRA summarises the numbers
-
Dow had $40.0B of revenue in fiscal 2025, down 7.0% on the year before.
Over five years, revenue changed +0.7% a year on average.
Revenue
FY17
Revenue $43.7B
FY18
Revenue $49.6B
FY19
Revenue $43.0B
FY20
Revenue $38.5B
FY21
Revenue $55.0B
FY22
Revenue $56.9B
FY23
Revenue $44.6B
FY24
Revenue $43.0B
FY25
Revenue $40.0B
Revenue
Q2 '23
Revenue $11.4B
Q3 '23
Revenue $10.7B
Q4 '23
Revenue $10.6B
Q1 '24
Revenue $10.8B
Q2 '24
Revenue $10.9B
Q3 '24
Revenue $10.9B
Q4 '24
Revenue $10.4B
Q1 '25
Revenue $10.4B
Q2 '25
Revenue $10.1B
Q3 '25
Revenue $10.0B
Q4 '25
Revenue $9.5B
Q1 '26
Revenue $9.8B
Margins, % of revenue
FY17
Gross 16.9%
Operating —
Net 1.1%
FCF −17.7%
FY18
Gross 17.2%
Operating —
Net 9.4%
FCF 4.4%
FY19
Gross 14.7%
Operating —
Net −3.2%
FCF 9.2%
FY20
Gross 13.5%
Operating —
Net 3.2%
FCF 12.9%
FY21
Gross 19.6%
Operating —
Net 11.5%
FCF 10.0%
FY22
Gross 15.1%
Operating —
Net 8.1%
FCF 9.9%
FY23
Gross 10.9%
Operating —
Net 1.3%
FCF 6.4%
FY24
Gross 10.7%
Operating —
Net 2.6%
FCF −0.1%
FY25
Gross 6.3%
Operating —
Net −6.6%
FCF −3.6%
Gross
Operating
Net
FCF
Margins, % of revenue
Q2 '23
Gross 13.5%
Operating —
Net 4.3%
FCF —
Q3 '23
Gross 10.6%
Operating —
Net 2.8%
FCF —
Q4 '23
Gross 9.2%
Operating —
Net −0.9%
FCF —
Q1 '24
Gross 11.9%
Operating —
Net 4.8%
FCF −2.3%
Q2 '24
Gross 12.1%
Operating —
Net 4.0%
FCF 1.0%
Q3 '24
Gross 9.8%
Operating —
Net 2.0%
FCF 0.6%
Q4 '24
Gross 9.0%
Operating —
Net −0.4%
FCF 0.5%
Q1 '25
Gross 6.4%
Operating —
Net −2.9%
FCF −5.7%
Q2 '25
Gross 5.8%
Operating —
Net −8.3%
FCF −11.2%
Q3 '25
Gross 7.3%
Operating —
Net 0.6%
FCF 5.7%
Q4 '25
Gross 5.8%
Operating —
Net −16.2%
FCF −3.0%
Q1 '26
Gross 6.5%
Operating —
Net −5.4%
FCF 6.3%
Gross
Operating
Net
FCF
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Net income and earnings per share
Loss periods are shown in red.
KIRA summarises the numbers
-
Dow lost $2.6B in fiscal 2025.
Net income
FY17
Net income $465M
FY18
Net income $4.6B
FY19
Net income −$1.4B
FY20
Net income $1.2B
FY21
Net income $6.3B
FY22
Net income $4.6B
FY23
Net income $589M
FY24
Net income $1.1B
FY25
Net income −$2.6B
Net income
Q2 '23
Net income $485M
Q3 '23
Net income $302M
Q4 '23
Net income −$97.0M
Q1 '24
Net income $516M
Q2 '24
Net income $439M
Q3 '24
Net income $214M
Q4 '24
Net income −$44.0M
Q1 '25
Net income −$307M
Q2 '25
Net income −$835M
Q3 '25
Net income $62.0M
Q4 '25
Net income −$1.5B
Q1 '26
Net income −$533M
Diluted EPS
FY17
Diluted EPS $0.60
FY18
Diluted EPS $6.21
FY19
Diluted EPS −$1.84
FY20
Diluted EPS $1.64
FY21
Diluted EPS $8.38
FY22
Diluted EPS $6.28
FY23
Diluted EPS $0.82
FY24
Diluted EPS $1.57
FY25
Diluted EPS −$3.70
Diluted EPS
Q2 '23
Diluted EPS $0.68
Q3 '23
Diluted EPS $0.42
Q4 '23
Diluted EPS −$0.15
Q1 '24
Diluted EPS $0.73
Q2 '24
Diluted EPS $0.62
Q3 '24
Diluted EPS $0.30
Q4 '24
Diluted EPS −$0.08
Q1 '25
Diluted EPS −$0.44
Q2 '25
Diluted EPS −$1.18
Q3 '25
Diluted EPS $0.08
Q4 '25
Diluted EPS −$2.17
Q1 '26
Diluted EPS −$0.74
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Cash and shareholders
How much cash comes in, and where does it go?
Cash flow
Cash from operations minus capital spending.
KIRA summarises the numbers
-
Free cash flow was −$1.4B in fiscal 2025, −3.6% of revenue.
Free cash flow
FY17
Free cash flow −$7.7B
FY18
Free cash flow $2.2B
FY19
Free cash flow $4.0B
FY20
Free cash flow $5.0B
FY21
Free cash flow $5.5B
FY22
Free cash flow $5.7B
FY23
Free cash flow $2.8B
FY24
Free cash flow −$26.0M
FY25
Free cash flow −$1.4B
Free cash flow
Q2 '23
Free cash flow —
Q3 '23
Free cash flow —
Q4 '23
Free cash flow —
Q1 '24
Free cash flow −$250M
Q2 '24
Free cash flow $113M
Q3 '24
Free cash flow $64.0M
Q4 '24
Free cash flow $47.0M
Q1 '25
Free cash flow −$594M
Q2 '25
Free cash flow −$1.1B
Q3 '25
Free cash flow $563M
Q4 '25
Free cash flow −$284M
Q1 '26
Free cash flow $621M
Cash from operations vs capital spending
FY17
Cash from operations −$4.9B
Capital spending $2.8B
FY18
Cash from operations $4.3B
Capital spending $2.1B
FY19
Cash from operations $5.9B
Capital spending $2.0B
FY20
Cash from operations $6.2B
Capital spending $1.3B
FY21
Cash from operations $7.0B
Capital spending $1.5B
FY22
Cash from operations $7.5B
Capital spending $1.8B
FY23
Cash from operations $5.2B
Capital spending $2.4B
FY24
Cash from operations $2.9B
Capital spending $2.9B
FY25
Cash from operations $1.0B
Capital spending $2.5B
Cash from operations
Capital spending
Cash from operations vs capital spending
Q2 '23
Cash from operations $1.3B
Capital spending —
Q3 '23
Cash from operations $1.7B
Capital spending —
Q4 '23
Cash from operations $1.7B
Capital spending —
Q1 '24
Cash from operations $464M
Capital spending $714M
Q2 '24
Cash from operations $836M
Capital spending $723M
Q3 '24
Cash from operations $800M
Capital spending $736M
Q4 '24
Cash from operations $814M
Capital spending $767M
Q1 '25
Cash from operations $91.0M
Capital spending $685M
Q2 '25
Cash from operations −$470M
Capital spending $662M
Q3 '25
Cash from operations $1.1B
Capital spending $564M
Q4 '25
Cash from operations $284M
Capital spending $568M
Q1 '26
Cash from operations $1.1B
Capital spending $503M
Cash from operations
Capital spending
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Dividends, buybacks and share count
KIRA summarises the numbers
-
Dow returned $1.5B to shareholders in fiscal 2025.
The diluted share count rose 0.9%.
Dividends and buybacks
FY17
Dividends $1.1B
Buybacks $0.0M
FY18
Dividends $0.0M
Buybacks $0.0M
FY19
Dividends $1.6B
Buybacks $500M
FY20
Dividends $2.1B
Buybacks $125M
FY21
Dividends $2.1B
Buybacks $1.0B
FY22
Dividends $2.0B
Buybacks $2.3B
FY23
Dividends $2.0B
Buybacks $625M
FY24
Dividends $2.0B
Buybacks $494M
FY25
Dividends $1.5B
Buybacks $0.0M
Dividends
Buybacks
Dividends and buybacks
Q2 '23
Dividends $493M
Buybacks $250M
Q3 '23
Dividends $492M
Buybacks $125M
Q4 '23
Dividends $491M
Buybacks $125M
Q1 '24
Dividends $493M
Buybacks $200M
Q2 '24
Dividends $491M
Buybacks $200M
Q3 '24
Dividends $490M
Buybacks $94.0M
Q4 '24
Dividends $492M
Buybacks $0.0M
Q1 '25
Dividends $494M
Buybacks $0.0M
Q2 '25
Dividends $496M
Buybacks $0.0M
Q3 '25
Dividends $249M
Buybacks $0.0M
Q4 '25
Dividends $251M
Buybacks $0.0M
Q1 '26
Dividends $252M
Buybacks $0.0M
Dividends
Buybacks
Diluted shares outstanding (annual)
FY17
Diluted shares 0.74B
FY18
Diluted shares 0.75B
FY19
Diluted shares 0.74B
FY20
Diluted shares 0.74B
FY21
Diluted shares 0.75B
FY22
Diluted shares 0.73B
FY23
Diluted shares 0.71B
FY24
Diluted shares 0.71B
FY25
Diluted shares 0.71B
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
KIRA summarises the numbers
-
No open-market insider trades in the last 12 months.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Financial health
Can it carry its debts, and how well does it use its money?
Balance sheet
Cash, debt and the ratios that show how comfortably Dow can carry it.
KIRA summarises the numbers
-
Dow owes $14.3B more than it holds in cash, about 12.0 years of operating profit.
Cash vs debt (incl. leases)
FY17
Cash $6.2B
Debt —
FY18
Cash $2.8B
Debt $19.9B
FY19
Cash $2.4B
Debt $17.4B
FY20
Cash $5.1B
Debt $17.6B
FY21
Cash $3.0B
Debt $15.5B
FY22
Cash $3.9B
Debt $16.2B
FY23
Cash $3.0B
Debt $15.1B
FY24
Cash $2.2B
Debt $16.2B
FY25
Cash $3.8B
Debt $18.1B
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $3.0B | $3.9B | $3.0B | $2.2B | $3.8B |
| Debt incl. finance leases | $15.5B | $16.2B | $15.1B | $16.2B | $18.1B |
| Net debt / EBITDA | 1.1x | 1.3x | 3.0x | 2.6x | 12.0x |
| Debt / equity | 0.9x | 0.8x | 0.8x | 0.9x | 1.1x |
| Interest coverage | 12.1x | 10.2x | 1.9x | 3.0x | −1.9x |
| Current ratio | 1.6x | 1.8x | 1.8x | 1.6x | 2.0x |
| Quick ratio | 1.0x | 1.2x | 1.2x | 1.0x | 1.3x |
| Total assets | $63.0B | $60.6B | $58.0B | $57.3B | $58.5B |
| Total liabilities | $44.3B | $39.4B | $38.9B | $39.5B | $41.0B |
| Shareholders' equity | $18.2B | $20.7B | $18.6B | $17.4B | $16.0B |
| Net debt (− = net cash) | $12.6B | $12.3B | $12.1B | $14.0B | $14.3B |
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
KIRA summarises the numbers
-
Its return on capital was −4.1%: every 100 invested in the business earned about −4 in a year.
Return on capital, equity and assets (annual)
FY17
Return on capital —
Return on equity —
Return on assets —
FY18
Return on capital —
Return on equity —
Return on assets —
FY19
Return on capital −0.6%
Return on equity −5.9%
Return on assets −1.9%
FY20
Return on capital 6.6%
Return on equity 9.4%
Return on assets 2.0%
FY21
Return on capital 24.6%
Return on equity 41.3%
Return on assets 10.1%
FY22
Return on capital 15.9%
Return on equity 23.6%
Return on assets 7.4%
FY23
Return on capital 4.3%
Return on equity 3.0%
Return on assets 1.0%
FY24
Return on capital 5.7%
Return on equity 6.2%
Return on assets 1.9%
FY25
Return on capital −4.1%
Return on equity −15.7%
Return on assets −4.5%
Return on capital
Return on equity
Return on assets
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
KIRA summarises the numbers
-
Dow passes 3 of 9 financial health tests (Piotroski F-score).
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✕ |
| Cash from operations is positive | ✓ | ✓ | ✓ |
| Return on assets rose | ✕ | ✓ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ |
| Debt fell relative to assets | ✕ | ✕ | ✕ |
| Current ratio rose | ✕ | ✕ | ✓ |
| Share count didn't rise | ✓ | ✓ | ✕ |
| Gross margin rose | ✕ | ✕ | ✕ |
| Revenue rose relative to assets | ✕ | ✓ | ✕ |
| F-score | 4 / 9 | 6 / 9 | 3 / 9 |
| Accruals ratio | −7.8% | −3.1% | −6.3% |
| Altman Z'' | 2.77 | 2.67 | 2.19 |
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
Price and value
What does the share cost, and how does it compare?
Value Dow yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
KIRA summarises the numbers
-
At $33.78 a share, the company is worth $24.4B.
Discounted cash flow
Value per share
—
Adds net cash of −$14.3B and divides by 711.6M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
In plain words: Move the sliders to try your own guesses about growth. The result is what one share would be worth if those guesses came true. Different guesses give very different answers.
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
KIRA summarises the numbers
-
Dow grew sales faster than 1 of its 4 similar companies.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Dow DOW | $24.4B | −7.0% | — | −3.6% | −4.1% | — | 3 | |
| Koppers KOP | $792M | −10.2% | 8.9% | 3.6% | 8.1% | — | 8 | Compare → |
| Hawkins HWKN | $3.2B | 11.2% | 11.2% | 7.9% | 13.1% | 39.9x | 4 | Compare → |
| CRH CRH | $57.4B | 5.3% | 14.5% | 7.8% | 11.8% | 15.1x | 7 | Compare → |
| Linde LIN | $236.3B | 3.0% | 26.3% | 15.0% | 11.7% | 32.8x | 6 | Compare → |
In plain words: The same numbers for similar companies, so you can tell whether a figure is high or low for this kind of business.
All figures
Every number, year by year.
9 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | $43.7B | $49.6B | $43.0B | $38.5B | $55.0B | $56.9B | $44.6B | $43.0B | $40.0B |
| Gross profit | $7.4B | $8.5B | $6.3B | $5.2B | $10.8B | $8.6B | $4.9B | $4.6B | $2.5B |
| Research and development | $803M | $800M | $765M | $768M | $857M | $851M | $829M | $810M | $752M |
| Interest expense | $914M | $1.1B | $933M | $827M | $731M | $662M | $746M | $811M | $865M |
| Pretax income | $237M | $3.7B | −$1.2B | $2.1B | $8.1B | $6.1B | $656M | $1.6B | −$2.5B |
| Income tax | $1.5B | $809M | $470M | $777M | $1.7B | $1.5B | −$4.0M | $399M | −$67.0M |
| Net income | $465M | $4.6B | −$1.4B | $1.2B | $6.3B | $4.6B | $589M | $1.1B | −$2.6B |
| Diluted EPS | $0.60 | $6.21 | −$1.84 | $1.64 | $8.38 | $6.28 | $0.82 | $1.57 | −$3.70 |
| Diluted shares | 0.74B | 0.75B | 0.74B | 0.74B | 0.75B | 0.73B | 0.71B | 0.71B | 0.71B |
| Cash flow | |||||||||
| Cash from operations | −$4.9B | $4.3B | $5.9B | $6.2B | $7.0B | $7.5B | $5.2B | $2.9B | $1.0B |
| Capital expenditure | $2.8B | $2.1B | $2.0B | $1.3B | $1.5B | $1.8B | $2.4B | $2.9B | $2.5B |
| Free cash flow | −$7.7B | $2.2B | $4.0B | $5.0B | $5.5B | $5.7B | $2.8B | −$26.0M | −$1.4B |
| Depreciation and amortization | $2.5B | $2.9B | $2.9B | $2.9B | $2.8B | $2.8B | $2.6B | $2.9B | $2.8B |
| Stock-based compensation | $310M | $188M | $158M | $171M | $276M | $211M | $212M | $159M | $154M |
| Acquisitions | $47.0M | $20.0M | $0.0M | $130M | $129M | $228M | $114M | $125M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $500M | $125M | $1.0B | $2.3B | $625M | $494M | $0.0M |
| Dividends paid | $1.1B | $0.0M | $1.6B | $2.1B | $2.1B | $2.0B | $2.0B | $2.0B | $1.5B |
| Dividends and buybacks | $1.1B | $0.0M | $2.1B | $2.2B | $3.1B | $4.3B | $2.6B | $2.5B | $1.5B |
| Balance sheet | |||||||||
| Cash and short-term investments | $6.2B | $2.8B | $2.4B | $5.1B | $3.0B | $3.9B | $3.0B | $2.2B | $3.8B |
| Total debt | — | $19.9B | $17.0B | $17.1B | $14.7B | $15.4B | $15.1B | $16.2B | $18.1B |
| Finance lease liabilities | $0.0M | $0.0M | $395M | $518M | $869M | $790M | $873M | $939M | $1.1B |
| Current assets | — | $39.4B | $16.8B | $19.1B | $20.8B | $20.5B | $17.6B | $16.6B | $18.1B |
| Current liabilities | — | $15.5B | $10.7B | $11.1B | $13.2B | $11.3B | $10.0B | $10.3B | $9.2B |
| Inventory | $0.0M | $6.9B | $6.2B | $5.7B | $7.4B | $7.0B | $6.1B | $6.5B | $6.6B |
| Property and equipment, net | $21.6B | $21.4B | $21.0B | $20.2B | $20.6B | $20.4B | $21.1B | $22.0B | $22.3B |
| Total assets | — | $83.7B | $60.5B | $61.5B | $63.0B | $60.6B | $58.0B | $57.3B | $58.5B |
| Total liabilities | — | $50.1B | $46.4B | $48.5B | $44.3B | $39.4B | $38.9B | $39.5B | $41.0B |
| Shareholders' equity | $31.5B | $32.5B | $13.5B | $12.4B | $18.2B | $20.7B | $18.6B | $17.4B | $16.0B |
| Margins | |||||||||
| Gross margin | 16.9% | 17.2% | 14.7% | 13.5% | 19.6% | 15.1% | 10.9% | 10.7% | 6.3% |
| EBITDA margin | 8.5% | 15.6% | 6.1% | 15.0% | 21.3% | 16.7% | 9.0% | 12.4% | 3.0% |
| Net margin | 1.1% | 9.4% | −3.2% | 3.2% | 11.5% | 8.1% | 1.3% | 2.6% | −6.6% |
| FCF margin | −17.7% | 4.4% | 9.2% | 12.9% | 10.0% | 9.9% | 6.4% | −0.1% | −3.6% |
| Returns | |||||||||
| Return on capital | — | — | −0.6% | 6.6% | 24.6% | 15.9% | 4.3% | 5.7% | −4.1% |
| Return on capital employed | — | — | −0.5% | 5.8% | 17.7% | 13.6% | 2.9% | 5.1% | −3.4% |
| Return on equity | — | — | −5.9% | 9.4% | 41.3% | 23.6% | 3.0% | 6.2% | −15.7% |
| Return on assets | — | — | −1.9% | 2.0% | 10.1% | 7.4% | 1.0% | 1.9% | −4.5% |
| Growth | |||||||||
| Revenue growth | — | 13.4% | −13.4% | −10.3% | 42.6% | 3.5% | −21.6% | −3.7% | −7.0% |
| Net income growth | — | 898.1% | −129.3% | — | 415.2% | −27.4% | −87.2% | 89.5% | −335.0% |
| EPS growth | — | 935.0% | −129.6% | — | 411.0% | −25.1% | −86.9% | 91.5% | −335.7% |
| FCF growth | — | — | 83.5% | 25.3% | 10.7% | 2.6% | −49.8% | −100.9% | — |
| Share count change | — | 0.3% | −0.6% | −0.0% | 0.9% | −3.1% | −2.3% | −0.6% | 0.9% |
| Financial health | |||||||||
| Net debt / EBITDA | — | 2.2x | 5.7x | 2.2x | 1.1x | 1.3x | 3.0x | 2.6x | 12.0x |
| Debt / equity | — | 0.6x | 1.3x | 1.4x | 0.9x | 0.8x | 0.8x | 0.9x | 1.1x |
| Interest coverage | 1.3x | 4.5x | −0.3x | 3.5x | 12.1x | 10.2x | 1.9x | 3.0x | −1.9x |
| Current ratio | — | 2.5x | 1.6x | 1.7x | 1.6x | 1.8x | 1.8x | 1.6x | 2.0x |
| Quick ratio | — | 2.1x | 1.0x | 1.2x | 1.0x | 1.2x | 1.2x | 1.0x | 1.3x |
| Capital allocation | |||||||||
| Capex / revenue | 6.4% | 4.2% | 4.6% | 3.3% | 2.7% | 3.2% | 5.3% | 6.8% | 6.2% |
| Stock comp / revenue | 0.7% | 0.4% | 0.4% | 0.4% | 0.5% | 0.4% | 0.5% | 0.4% | 0.4% |
| Payouts / FCF | — | 0.0% | 51.7% | 44.2% | 55.8% | 76.6% | 91.4% | — | — |
| Quality scores | |||||||||
| Piotroski F-score | — | — | — | 7.0 | 7.0 | 6.0 | 4.0 | 6.0 | 3.0 |
| Altman Z'' | — | 4.3 | 1.9 | 2.3 | 3.3 | 3.6 | 2.8 | 2.7 | 2.2 |
| Accruals ratio | — | — | −10.1% | −8.2% | −1.1% | −4.7% | −7.8% | −3.1% | −6.3% |
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
Source: SEC EDGAR XBRL filings (CIK 0001751788). Data updated October 23, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.