EASTMAN CHEMICAL CO EMN

Healthcare SIC 2821 - Plastic Materials, Synth Resins & Nonvulcan Elastomers NAICS Manufacturing › Chemical Manufacturing › Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing › Resin and Synthetic Rubber Manufacturing › Plastics Material and Resin Manufacturing derived NYSE

Eastman Chemical Company ("Eastman" or the "Company") is a global specialty materials company that produces a broad range of products found in items people use every day. Eastman began business in 1920 for the purpose of producing chemicals for Eastman Kodak Company's photographic business and became a public company, incorporated in Delaware, on December 31, 1993. Eastman has 36 manufacturing facilities and has equity interests in four manufacturing joint ventures in 12 countries that supply products to customers throughout the world. See "Properties" in Part I, Item 2 of this Annual Report on Form 10-K (this "Annual Report"). The Company's headquarters and largest manufacturing facility are located in Kingsport, Tennessee. With a robust portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions with a commitment to safety and sustainability. Eastman's businesses are managed and reported in four operating segments: Advanced Materials ("AM"), Additives & Functional Products ("AFP"), Chemical Intermediates ("CI"), and Fibers. See "Business Segments".

Last close 64.93 2026-10-23
Market cap $7.43B 2026-06-30 share count
52-week range 56.11 - 83.47

Valuation FY2025 figures against the last close

P/S0.8x
P/E15.8x
P/FCF17.5x
EV/EBITDA—
Dividend yield5.1%
Diluted EPS4.10

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $8.75B$9.38B$9.21B$10.58B$10.48B$8.47B$9.27B$10.15B$9.55B$9.01B
Cost of revenue $6.91B$7.09B$7.15B$8.44B$7.98B$6.50B$7.04B$7.67B$7.19B$6.65B
Gross profit $1.84B$2.29B$2.06B$2.14B$2.50B$1.98B$2.23B$2.48B$2.36B$2.36B
R&D $255.0M$250.0M$239.0M$264.0M$254.0M$226.0M$234.0M$235.0M$227.0M$223.0M
SG&A $658.0M$736.0M$727.0M$726.0M$795.0M$654.0M$691.0M$721.0M$729.0M$707.0M
Operating income ————————$1.53B$1.38B
Interest expense $208.0M$200.0M$215.0M$182.0M$198.0M$210.0M$218.0M$235.0M$241.0M$255.0M
Pre-tax income $568.0M$1.08B$1.09B$977.0M$1.08B$530.0M$902.0M$1.31B$1.29B$1.05B
Income tax $93.0M$170.0M$191.0M$181.0M$215.0M$41.0M$140.0M$226.0M$99.0M$190.0M
Net income $474.0M$905.0M$894.0M$793.0M$857.0M$478.0M$759.0M$1.08B$1.38B$854.0M
EPS, basic 4.147.757.546.426.353.535.527.659.565.80
EPS, diluted 4.107.677.496.356.253.505.487.569.475.75
Shares, diluted (wtd. avg.) 115.6M117.9M119.4M124.9M137.1M136.5M138.5M142.9M146.1M148.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $566.0M$837.0M$548.0M$493.0M$459.0M$564.0M$204.0M$226.0M$191.0M$181.0M
Receivables $737.0M$791.0M$826.0M$957.0M$1.09B$1.03B$980.0M$1.15B$1.03B$812.0M
Inventory $1.98B$1.99B$1.68B$1.89B$1.50B$1.38B$1.66B$1.58B$1.51B$1.40B
Total current assets $3.65B$4.10B$3.48B$3.78B$4.65B$3.54B$3.32B$3.37B$3.14B$2.87B
Property, plant and equipment $5.73B$5.62B$5.55B$5.16B$5.00B$5.55B$5.57B$5.60B$5.61B$5.28B
Goodwill $3.67B$3.63B$3.65B$3.66B$3.64B$4.46B$4.43B$4.47B$4.53B$4.46B
Other intangibles $970.0M$1.03B$1.14B$1.21B$1.36B$1.79B$2.01B$2.19B$2.37B$2.48B
Total assets $14.86B$15.21B$14.63B$14.67B$15.52B$16.08B$16.01B$15.99B$16.00B$15.46B
Accounts payable $2.07B$2.26B$2.04B$2.12B$2.13B$1.69B$1.62B$1.61B$1.59B$1.51B
Short-term debt $586.0M$450.0M$541.0M$1.13B$747.0M$349.0M$171.0M$243.0M$393.0M$283.0M
Total current liabilities $2.65B$2.71B$2.58B$3.25B$2.97B$2.04B$1.79B$1.85B$1.98B$1.79B
Long-term debt $4.20B$4.57B$4.30B$4.03B$4.41B$5.27B$5.61B$5.92B$6.15B$6.31B
Total liabilities $8.82B$9.36B$9.10B$9.43B$9.73B$9.97B$9.98B$10.12B$10.52B$10.85B
Retained earnings $10.11B$10.01B$9.49B$8.97B$8.56B$8.08B$7.96B$7.57B$6.80B$5.72B
Total equity $5.96B$5.78B$5.53B$5.24B$5.79B$6.11B$6.03B$5.88B$5.48B$4.61B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $970.0M$1.29B$1.37B$975.0M$1.62B$1.46B$1.50B$1.54B$1.66B$1.39B
Depreciation and amortisation $513.0M$509.0M$498.0M$477.0M$538.0M$574.0M$611.0M$604.0M$587.0M$580.0M
Capital expenditure $546.0M$599.0M$828.0M$611.0M$555.0M$383.0M$425.0M$528.0M$649.0M$626.0M
Investing cash flow -$462.0M-$534.0M-$432.0M$392.0M-$29.0M-$394.0M-$480.0M-$463.0M-$643.0M-$655.0M
Financing cash flow -$797.0M-$454.0M-$888.0M-$1.32B-$1.69B-$704.0M-$1.04B-$1.04B-$1.01B-$838.0M
Dividends paid $381.0M$379.0M$376.0M$381.0M$375.0M$358.0M$343.0M$318.0M$296.0M$272.0M
Buybacks $100.0M$300.0M$150.0M$1.00B$1.00B$60.0M$325.0M$400.0M$350.0M$145.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000915389-26-000013.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B Revenue, FY2016: 9B Gross profit, FY2016: 2.4B Net income, FY2016: 854M Revenue, FY2017: 9.5B Gross profit, FY2017: 2.4B Net income, FY2017: 1.4B Revenue, FY2018: 10.2B Gross profit, FY2018: 2.5B Net income, FY2018: 1.1B Revenue, FY2019: 9.3B Gross profit, FY2019: 2.2B Net income, FY2019: 759M Revenue, FY2020: 8.5B Gross profit, FY2020: 2B Net income, FY2020: 478M Revenue, FY2021: 10.5B Gross profit, FY2021: 2.5B Net income, FY2021: 857M Revenue, FY2022: 10.6B Gross profit, FY2022: 2.1B Net income, FY2022: 793M Revenue, FY2023: 9.2B Gross profit, FY2023: 2.1B Net income, FY2023: 894M Revenue, FY2024: 9.4B Gross profit, FY2024: 2.3B Net income, FY2024: 905M Revenue, FY2025: 8.8B Gross profit, FY2025: 1.8B Net income, FY2025: 474M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $9.01B $9.55B $10.15B $9.27B $8.47B $10.48B $10.58B $9.21B $9.38B $8.75B
Gross profit $2.36B $2.36B $2.48B $2.23B $1.98B $2.50B $2.14B $2.06B $2.29B $1.84B
Net income $854.0M $1.38B $1.08B $759.0M $478.0M $857.0M $793.0M $894.0M $905.0M $474.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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