Stocks · Materials · Plastic Materials, Synth Resins & Nonvulcan Elastomers

EASTMAN CHEMICAL CO

EMN Clue Score31
United States Fiscal year ends December CIK 0000915389
$62.69 -1.68% Close, 9 Oct 2026
Price $62.69 −40.10% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue9.01Operating income1.38Net income0.85EPS, diluted5.75Fiscal year 2017Revenue9.55 +6.0%Operating income1.53Net income1.38 +62.1%EPS, diluted9.47 +64.7%Fiscal year 2018Revenue10.15 +6.3%Net income1.08 −22.0%EPS, diluted7.56 −20.2%Fiscal year 2019Revenue9.27 −8.6%Net income0.76 −29.7%EPS, diluted5.48 −27.5%Fiscal year 2020Revenue8.47 −8.6%Net income0.48 −37.0%EPS, diluted3.50 −36.1%Fiscal year 2021Revenue10.48 +23.6%Net income0.86 +79.3%EPS, diluted6.25 +78.6%Fiscal year 2022Revenue10.58 +1.0%Net income0.79 −7.5%EPS, diluted6.35 +1.6%Fiscal year 2023Revenue9.21 −12.9%Net income0.89 +12.7%EPS, diluted7.49 +18.0%Fiscal year 2024Revenue9.38 +1.9%Net income0.91 +1.2%EPS, diluted7.67 +2.4%Fiscal year 2025Revenue8.75 −6.7%Net income0.47 −47.6%EPS, diluted4.10 −46.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 9.01 9.55 10.15 9.27 8.47 10.48 10.58 9.21 9.38 8.75
Growth +6.0% +6.3% −8.6% −8.6% +23.6% +1.0% −12.9% +1.9% −6.7%
Operating income 1.38 1.53 n/a n/a n/a n/a n/a n/a n/a n/a
Net income 0.85 1.38 1.08 0.76 0.48 0.86 0.79 0.89 0.91 0.47
Growth +62.1% −22.0% −29.7% −37.0% +79.3% −7.5% +12.7% +1.2% −47.6%
EPS, diluted 5.75 9.47 7.56 5.48 3.50 6.25 6.35 7.49 7.67 4.10
Growth +64.7% −20.2% −27.5% −36.1% +78.6% +1.6% +18.0% +2.4% −46.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin26.2%Operating margin15.4%Net margin9.5%Free cash flow margin8.4%Fiscal year 2017Gross margin24.7%Operating margin16.0%Net margin14.5%Free cash flow margin10.6%Fiscal year 2018Gross margin24.4%Net margin10.6%Free cash flow margin10.0%Fiscal year 2019Gross margin24.1%Net margin8.2%Free cash flow margin11.6%Fiscal year 2020Gross margin23.3%Net margin5.6%Free cash flow margin12.7%Fiscal year 2021Gross margin23.9%Net margin8.2%Free cash flow margin10.2%Fiscal year 2022Gross margin20.2%Net margin7.5%Free cash flow margin3.4%Fiscal year 2023Gross margin22.4%Net margin9.7%Free cash flow margin5.9%Fiscal year 2024Gross margin24.4%Net margin9.6%Free cash flow margin7.3%Fiscal year 2025Gross margin21.1%Net margin5.4%Free cash flow margin4.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 26.2% 24.7% 24.4% 24.1% 23.3% 23.9% 20.2% 22.4% 24.4% 21.1%
Operating margin 15.4% 16.0% n/a n/a n/a n/a n/a n/a n/a n/a
Net margin 9.5% 14.5% 10.6% 8.2% 5.6% 8.2% 7.5% 9.7% 9.6% 5.4%
Free cash flow margin 8.4% 10.6% 10.0% 11.6% 12.7% 10.2% 3.4% 5.9% 7.3% 4.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.39Capital expenditure−0.63Free cash flow0.76Dividends paid−0.27Fiscal year 2017Operating cash flow1.66Capital expenditure−0.65Free cash flow1.01 +32.8%Dividends paid−0.30Fiscal year 2018Operating cash flow1.54Capital expenditure−0.53Free cash flow1.02 +0.7%Dividends paid−0.32Fiscal year 2019Operating cash flow1.50Capital expenditure−0.43Free cash flow1.08 +6.3%Dividends paid−0.34Fiscal year 2020Operating cash flow1.46Capital expenditure−0.38Free cash flow1.07 −0.6%Dividends paid−0.36Fiscal year 2021Operating cash flow1.62Capital expenditure−0.56Free cash flow1.06 −0.7%Buybacks−0.90Dividends paid−0.38Fiscal year 2022Operating cash flow0.98Capital expenditure−0.61Free cash flow0.36 −65.8%Dividends paid−0.38Fiscal year 2023Operating cash flow1.37Capital expenditure−0.83Free cash flow0.55 +50.0%Dividends paid−0.38Fiscal year 2024Operating cash flow1.29Capital expenditure−0.60Free cash flow0.69 +26.0%Dividends paid−0.38Fiscal year 2025Operating cash flow0.97Capital expenditure−0.55Free cash flow0.42 −38.4%Dividends paid−0.38
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.39 1.66 1.54 1.50 1.46 1.62 0.98 1.37 1.29 0.97
Capital expenditure −0.63 −0.65 −0.53 −0.43 −0.38 −0.56 −0.61 −0.83 −0.60 −0.55
Free cash flow 0.76 1.01 1.02 1.08 1.07 1.06 0.36 0.55 0.69 0.42
Growth +32.8% +0.7% +6.3% −0.6% −0.7% −65.8% +50.0% +26.0% −38.4%
Buybacks n/a n/a n/a n/a n/a −0.90 n/a n/a n/a n/a
Dividends paid −0.27 −0.30 −0.32 −0.34 −0.36 −0.38 −0.38 −0.38 −0.38 −0.38

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.18Total debt6.31Net cash (debt)−6.13Shareholders’ equity4.53Debt to equity1.39Fiscal year 2017Cash0.19Total debt6.15Net cash (debt)−5.96Shareholders’ equity5.40Debt to equity1.14Fiscal year 2018Cash0.23Total debt5.93Net cash (debt)−5.70Shareholders’ equity5.80Debt to equity1.02Fiscal year 2019Cash0.20Total debt5.61Net cash (debt)−5.41Shareholders’ equity5.96Debt to equity0.94Fiscal year 2020Cash0.56Total debt5.27Net cash (debt)−4.71Shareholders’ equity6.02Debt to equity0.87Fiscal year 2021Cash0.46Total debt4.41Net cash (debt)−3.95Shareholders’ equity5.70Debt to equity0.77Fiscal year 2022Cash0.49Total debt4.03Net cash (debt)−3.53Shareholders’ equity5.15Debt to equity0.78Fiscal year 2023Cash0.55Total debt4.31Net cash (debt)−3.76Shareholders’ equity5.46Debt to equity0.79Fiscal year 2024Cash0.84Total debt4.57Net cash (debt)−3.73Shareholders’ equity5.78Debt to equity0.79Fiscal year 2025Cash0.57Total debt4.20Net cash (debt)−3.64Shareholders’ equity5.96Debt to equity0.70
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.18 0.19 0.23 0.20 0.56 0.46 0.49 0.55 0.84 0.57
Total debt 6.31 6.15 5.93 5.61 5.27 4.41 4.03 4.31 4.57 4.20
Net cash (debt) −6.13 −5.96 −5.70 −5.41 −4.71 −3.95 −3.53 −3.76 −3.73 −3.64
Shareholders’ equity 4.53 5.40 5.80 5.96 6.02 5.70 5.15 5.46 5.78 5.96
Debt to equity 1.39 1.14 1.02 0.94 0.87 0.77 0.78 0.79 0.79 0.70

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
26.2% 24.7% 24.4% 24.1% 23.3% 23.9% 20.2% 22.4% 24.4% 21.1%
15.4% 16.0% n/a n/a n/a n/a n/a n/a n/a n/a
11.6% 13.5% 12.9% 9.7% 6.3% 10.3% 9.2% 11.8% 11.5% 6.5%
9.5% 14.5% 10.6% 8.2% 5.6% 8.2% 7.5% 9.7% 9.6% 5.4%
8.4% 10.6% 10.0% 11.6% 12.7% 10.2% 3.4% 5.9% 7.3% 4.8%
Spending
2.5% 2.4% 2.3% 2.5% 2.7% 2.4% 2.5% 2.6% 2.7% 2.9%
7.8% 7.6% 7.1% 7.5% 7.7% 7.6% 6.9% 7.9% 7.8% 7.5%
6.9% 6.8% 5.2% 4.6% 4.5% 5.3% 5.8% 9.0% 6.4% 6.2%
18.1% −7.7% 17.3% 15.5% 7.7% 19.9% 18.5% 17.6% 15.8% 16.4%
Returns
18.8% 25.6% 18.6% 12.7% 7.9% 15.0% 15.4% 16.4% 15.7% 8.0%
5.5% 8.7% 6.8% 4.7% 3.0% 5.5% 5.4% 6.1% 5.9% 3.2%
Balance and payout
1.39 1.14 1.02 0.94 0.87 0.77 0.78 0.79 0.79 0.70
70.2% 65.7% 63.3% 62.3% 62.0% 62.7% 64.3% 62.2% 61.5% 59.4%
31.9% 21.4% 29.4% 45.2% 74.9% 43.8% 48.0% 42.1% 41.9% 80.4%
35.8% 29.4% 31.3% 31.8% 33.4% 119.8% 104.7% 68.9% 55.1% 89.9%