Dow vs Hawkins
Dow reported revenue of $40.0 billion in fiscal 2025, 36.9 times Hawkins' $1.1 billion in fiscal 2026. Dow's revenue fell 7.0% in its latest year, and Hawkins' grew 11.2%. Free cash flow was −$1.4 billion at Dow and $86 million at Hawkins. Their fiscal years end in different months (December 31 and March 29), so the periods don't line up exactly.
Side by side
| Dow | Hawkins | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Mar 29, 2026 |
| Revenue | $40.0B | $1.1B |
| Revenue growth | −7.0% | 11.2% |
| Revenue growth a year, last 5 years | 0.7% | 12.7% |
| Gross margin | 6.3% | 22.6% |
| Operating margin | — | 11.2% |
| Net margin | −6.6% | 7.5% |
| Free cash flow | −$1.4B | $86M |
| Free cash flow margin | −3.6% | 7.9% |
| Return on capital | −4.1% | 13.1% |
| Net debt to EBITDA | 12.0x | 1.4x |
| Dividends and buybacks | $1.5B | $16M |
| Change in diluted share count | 0.9% | −0.4% |
| Last close | $33.99 | $135.44 |
| P/E at the last close | — | 32.9× |
| Insider trades, last 12 months | — | bought $850,934, sold $0 |
| Piotroski F-score | 3 of 9 | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
DowHawkins
Operating margin
Percent of revenue
DowHawkins
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
DowHawkins