Top 20 Global Chemical Companies by Revenue in 2025

Resonac Holdings announced its 2025 financial results. Full-year revenue totaled ¥1,347.1 billion (approximately USD 8.458 billion), down from ¥1,391.5 billion in the prior year. Full-year operating profit amounted to ¥46.7 billion, compared to ¥89.0 billion in the prior year. Full-year net income attributable to parent company shareholders was ¥29.0 billion, down from ¥73.5 billion in the prior year. Yuntianhua released its 2025 annual report. The company’s full-year revenue stood at RMB 48.41 billion (approximately USD 7.09 billion), a 21.3% decline year-on-year; net income attributable to shareholders was RMB 5.16 billion, down 3.3% year-on-year. In Q4 alone, revenue was RMB 10.82 billion, down 27.0% year-on-year; net income attributable to shareholders was RMB 427 million, down 53.0% year-on-year. United States Dow Inc. announced its Q4 and full-year 2025 financial results. Q4 net sales were USD 9.46 billion, down from USD 10.405 billion in the prior-year quarter. Net loss attributable to common shareholders for the quarter was USD 1.543 billion, versus a net loss of USD 53 million in the prior-year quarter. Full-year net sales totaled USD 39.968 billion, down from USD 42.964 billion in the prior year. Full-year net loss attributable to common shareholders was USD 2.623 billion, versus net income of USD 1.116 billion in the prior year. Ecolab Inc. announced its Q4 and full-year 2025 financial results. Q4 net sales were USD 4.196 billion, up 5% year-on-year from USD 4.005 billion. Q4 operating profit was USD 712 million, up 22% year-on-year from USD 583 million. Q4 net income attributable to the company was USD 564 million, up 19% year-on-year from USD 473 million. Full-year net sales totaled USD 16.081 billion, up 2% year-on-year from USD 15.741 billion. Full-year operating profit was USD 2.738 billion, down 2% year-on-year from USD 2.802 billion. Full-year net income attributable to the company was USD 2.076 billion, down 2% year-on-year from USD 2.112 billion. Westlake Corporation announced its Q4 and full-year 2025 financial results. Q4 net sales were USD 2.533 billion, down from USD 2.843 billion in the prior-year quarter. Net loss attributable to the company for the quarter was USD 544 million, versus a net loss of USD 782 million in the prior-year quarter. Full-year net sales totaled USD 11.17 billion, down from USD 12.142 billion in the prior year. Full-year net loss attributable to the company was USD 1.508 billion, versus net income of USD 602 million in the prior year. International Flavors & Fragrances Inc. (IFF) announced its Q4 and full-year 2025 financial results. Q4 net sales were USD 2.589 billion, down 7% year-on-year from USD 2.771 billion. Q4 operating profit was USD 97 million, down 24% year-on-year from USD 127 million. Q4 net income attributable to shareholders was USD 18 million, versus a net loss of USD 60 million in the prior-year quarter. Full-year net sales totaled USD 10.89 billion, down 5% year-on-year from USD 11.184 billion. Full-year operating loss was USD 382 million, versus operating income of USD 766 million in the prior year.

Dow’s Q3 2025 Earnings Report (October 27, 2025)

The stock has been depressed for an entire year—falling two tiers. After the Q3 2025 earnings release, it surged 13%. Has there been a fundamental change? ・ First, revenue came in weak: the Q2 guidance for this quarter had been $10.2 billion. ・ Second, GAAP EPS turned positive only due to two non-recurring items; operating profit failed to cover interest expenses. ・ On the positive side, the loss was narrower than expected—the company’s cost-cutting and capital expenditure reduction efforts have borne fruit. Has the chemical industry reached a downward inflection point? ・ On the supply side, Dow believes capacity restraint has begun across all regions—including China: “We've got speculation on the closures of about 13 million metric tons from a combination of additional capacity in Asia, Japan and Korea to the tune of about 5 million tons and China from the [anti-evolution] policies to the tune of about 7 million tons.” ・ On the demand side, Dow views overall demand as still weak—with no change from last quarter. It hopes that interest rate cuts will stimulate construction starts.

Dow reports $525 million third-quarter profit as sales rise 13%

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Dow Inc. reported a $525 million third-quarter profit with net sales rising 13% to $11.27 billion, driven by higher prices and cost-cutting. The company targets $700 million in productivity benefits by 2026 via its Transform to Outperform program.

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