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Avient vs Dow: revenue, profit, margins and growth compared

Avient brought in $3.3B of revenue in fiscal 2025, Dow $40B in fiscal 2025. Revenue changed by +0.6% at Avient and -7.0% at Dow on the year before, so Avient grew faster. Avient kept 2.5% of its revenue as net profit, Dow -6.6%. Free cash flow was $195M at Avient and -$1.4B at Dow.

Side by side, latest fiscal year

AVNTDOW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.3B$40B
Revenue growth+0.6%-7.0%
Net income$81.9M-$2.6B
Net margin2.5%-6.6%
Free cash flow$195M-$1.4B
Free cash flow margin6.0%-3.6%
Earnings per share (diluted)$0.89-$3.70
Cash$510.5M$3.8B
Debt$1.9B$18.1B
Price to earnings46.4n/a
Market value$3.8B$20.2B
Dividend yield2.63%7.49%
Rank by revenue in sector#168 of 451 · Industrials#14 of 451 · Industrials

Over the years

Revenue
AVNT FY2018: $2.9BAVNT FY2019: $2.9BAVNT FY2020: $2.2BAVNT FY2021: $3.3BAVNT FY2022: $3.4BAVNT FY2023: $3.1BAVNT FY2024: $3.2BAVNT FY2025: $3.3BDOW FY2019: $49.6BDOW FY2019: $43BDOW FY2020: $38.5BDOW FY2021: $55BDOW FY2022: $56.9BDOW FY2023: $44.6BDOW FY2024: $43BDOW FY2025: $40BFY18FY19FY20FY21FY22FY23FY24FY25
AVNT $3.3BDOW $40B
Net income
AVNT FY2018: $159.8MAVNT FY2019: $588.6MAVNT FY2020: $131.6MAVNT FY2021: $230.8MAVNT FY2022: $703.1MAVNT FY2023: $75.7MAVNT FY2024: $169.5MAVNT FY2025: $81.9MDOW FY2019: $4.6BDOW FY2019: -$1.4BDOW FY2020: $1.2BDOW FY2021: $6.3BDOW FY2022: $4.6BDOW FY2023: $589MDOW FY2024: $1.1BDOW FY2025: -$2.6BFY18FY19FY20FY21FY22FY23FY24FY25
AVNT $81.9MDOW -$2.6B
Net margin
AVNT FY2018: 5.5%AVNT FY2019: 20.6%AVNT FY2020: 5.9%AVNT FY2021: 7.0%AVNT FY2022: 20.7%AVNT FY2023: 2.4%AVNT FY2024: 5.2%AVNT FY2025: 2.5%DOW FY2019: 9.4%DOW FY2019: -3.2%DOW FY2020: 3.2%DOW FY2021: 11.5%DOW FY2022: 8.1%DOW FY2023: 1.3%DOW FY2024: 2.6%DOW FY2025: -6.6%FY18FY19FY20FY21FY22FY23FY24FY25
AVNT 2.5%DOW -6.6%
Revenue growth
AVNT FY2019: -0.6%AVNT FY2020: -22.6%AVNT FY2021: +49.7%AVNT FY2022: +2.5%AVNT FY2023: -7.5%AVNT FY2024: +3.1%AVNT FY2025: +0.6%DOW FY2019: -13.4%DOW FY2020: -10.3%DOW FY2021: +42.6%DOW FY2022: +3.5%DOW FY2023: -21.6%DOW FY2024: -3.7%DOW FY2025: -7.0%FY19FY20FY21FY22FY23FY24FY25
AVNT +0.6%DOW -7.0%
Free cash flow
AVNT FY2018: $177.7MAVNT FY2019: $219.1MAVNT FY2020: $157.9MAVNT FY2021: $133.2MAVNT FY2022: $292.9MAVNT FY2023: $82.2MAVNT FY2024: $134.9MAVNT FY2025: $195MDOW FY2019: $2.2BDOW FY2019: $4BDOW FY2020: $5BDOW FY2021: $5.5BDOW FY2022: $5.7BDOW FY2023: $2.8BDOW FY2024: -$26MDOW FY2025: -$1.4BFY18FY19FY20FY21FY22FY23FY24FY25
AVNT $195MDOW -$1.4B

Fiscal years as each company reports them; the two may end in different months.

Questions about Avient and Dow

Which is bigger by revenue, Avient or Dow?

Dow is bigger by revenue: $40B in fiscal 2025, against $3.3B for Avient in fiscal 2025.

Which keeps more of its revenue as profit, Avient or Dow?

Avient had a net margin of 2.5% in fiscal 2025; Dow had -6.6% in fiscal 2025.

Which grew revenue faster, Avient or Dow?

In their latest fiscal years revenue changed by +0.6% at Avient and -7.0% at Dow.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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