Saturday 17 October 2026 Export EMN’s income statement to Excel — free account

Eastman Chemical Company

Eastman Chemical Company’s revenue for fiscal 2025 (year ended December 2025) was $8.8 billion, down 6.71% from fiscal 2024. In the quarter to June 2026, revenue grew 9.88%, EPS grew 31.2%, free cash flow grew 49.4% and total debt fell 6.90%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.

62.33 1.54 −2.41%

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Market cap: $7.3B
P/E: 16.1×
Fwd P/E: 11.5×
Dividend yield: 5.39%
F-score: 5/9
Altman Z: 2.29
Beneish M: −2.66
Dividend safety: 41/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.37

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	1	—	—	1	—	—

Insider Ownership 0.87%

Capital & Financial Ratios $m

Market Cap 7,310.00

Revenue 8,865.00

Net Income 443.00

Free Cash Flow 539.00

Net Debt 3,761.00

Current Ratio 1.50

Debt/Equity 0.72

P/E ratio 16.11

Fwd P/E 11.50

P/S ratio 0.80

P/B ratio 1.15

Past 5Y EPS Growth 3.22%

This Y EPS Growth 17.06%

Next Y EPS Growth 6.05%

Next Y revenue growth 5.62%

Next 5Y EPS Growth 11.11%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 73.61%

10-year low 10-year high

P/S against its own 10 years 3.65%

10-year low 10-year high

P/B against its own 10 years 1.18%

10-year low 10-year high

EV/Sales against its own 10 years 2.43%

10-year low 10-year high

EV/FCF against its own 10 years 44.19%

10-year low 10-year high

Dividends

Payout Ratio 0.88

Annual Dividend Rate 3.36

Annual Dividend Yield 5.39%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	3.38	0.84 0.84 0.84
2025	3.33	0.83 0.83 0.83 0.84
2024	3.26	0.81 0.81 0.81 0.83
2023	3.18	0.79 0.79 0.79 0.81
2022	3.07	0.76 0.76 0.76 0.79
2021	2.83	0.69 0.69 0.69 0.76
2020	2.67	0.66 0.66 0.66 0.69
2019	2.52	0.62 0.62 0.62 0.66
2018	2.30	0.56 0.56 0.56 0.62
2017	2.09	0.51 0.51 0.51 0.56
2016	1.89	0.46 0.46 0.46 0.51

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	548	837	566	691
Receivables	1,154	1,172	999	1,365
Inventory	1,683	1,988	1,980	2,101
Other	96	104	100	98
	3,481	4,101	3,645	4,255

	2023	2024	2025	Q'26
Payables	2,035	2,258	2,066	2,075
ST’ Debt	—	—	—	—
Other	—	—	—	—
	2,576	2,708	2,652	2,840

Compound Annual Growth %

	10y	5y	3y
Sales	(0.97%)	0.65%	(6.13%)
Cash Flow	(5.02%)	(7.79%)	(0.17%)
Earnings	(5.65%)	(0.17%)	(15.76%)
Book Value	4.15%	(0.23%)	4.86%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,177	2,513	—	—	—
’25	2,290	2,287	2,202	1,973	8,752
’24	2,310	2,363	2,464	2,245	9,382
’23	2,412	2,324	2,267	2,207	9,210
’22	2,714	2,784	2,709	2,373	10,580
’21	2,409	2,653	2,720	2,694	10,476
’20	2,241	1,924	2,122	2,186	8,473

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(137)	224	—	—	—
’25	(167)	233	402	502	970
’24	(16)	367	396	540	1,287
’23	(2)	410	514	452	1,374
’22	17	245	256	457	975
’21	216	426	547	430	1,619
’20	171	436	442	406	1,455

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(240)	124	—	—	—
’25	(314)	83	265	390	424
’24	(201)	252	276	361	688
’23	(178)	169	278	277	546
’22	(98)	106	92	264	364
’21	119	313	424	185	1,041
’20	70	337	364	288	1,059

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.93	1.59	—	—	—
’25	1.57	1.20	0.40	0.92	4.10
’24	1.39	1.94	1.53	2.82	7.67
’23	1.12	2.27	1.49	2.61	7.49
’22	1.80	2.03	2.46	0.01	6.35
’21	1.99	(1.07)	2.57	2.81	6.25
’20	1.89	0.20	1.18	0.23	3.50

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	56.03	74.78	67.40	61.22	34.44	96.27	69.91	68.89	80.71	56.11	Analyst estimates 2026–2028 Powerpack
	High	78.79	94.96	112.45	86.18	104.83	130.47	129.48	92.21	114.50	103.82
People
People	Employees	14,000	14,000	14,500	14,500	14,500	14,000	14,500	14,000	14,000	13,000
	Revenue/emp, $m	0.64	0.68	0.70	0.64	0.58	0.75	0.73	0.66	0.67	0.67
Income, $m
Income, $m	Revenue	9,008	9,549	10,151	9,273	8,473	10,476	10,580	9,210	9,382	8,752
	Gross margin, %	26.17	24.75	24.42	24.09	23.31	23.86	20.20	22.38	24.41	21.07
	EBT	1,049	1,289	1,310	902	530	1,082	977	1,087	1,078	568
	EBT margin, %	11.65	13.50	12.91	9.73	6.26	10.33	9.23	11.80	11.49	6.49
	Net income	859	1,388	1,084	762	489	867	796	896	908	475
	Depreciation	580	587	604	611	574	538	477	498	509	513
Per share, $
Per share, $	Revenue	61.15	65.95	71.89	67.49	62.53	77.66	85.67	77.66	80.39	76.30
	Earnings	5.88	10.18	7.65	5.52	3.53	6.35	6.42	7.54	7.75	4.14
	Cash flow	9.40	11.44	10.93	10.95	10.74	12.00	7.89	11.59	11.03	8.46
	Capex	(3.97)	(4.39)	(3.70)	(3.14)	(2.92)	(4.28)	(4.95)	(6.98)	(5.13)	(4.76)
	Free cash flow	5.43	7.06	7.22	7.81	7.82	7.72	2.95	4.60	5.90	3.70
	Book value	31.28	37.85	41.63	43.90	45.08	42.91	42.40	46.63	50.15	52.63
	Shares, m	147	145	141	137	136	135	124	119	117	115
Valuation, ×
Valuation, ×	P/E	12.91	9.24	9.58	14.38	28.49	18.92	12.91	11.85	11.77	15.42
	P/S	1.24	1.43	1.02	1.17	1.60	1.56	0.96	1.15	1.14	0.84
	P/B	2.43	2.49	1.76	1.81	2.22	2.82	1.94	1.92	1.82	1.21
	EV/Sales	1.92	2.05	1.58	1.76	2.16	1.93	1.29	1.56	1.53	1.25
	EV/FCF	21.64	19.18	15.71	15.19	17.27	19.47	37.57	26.30	20.91	25.84
Cash, $m
Cash, $m	Operating cash flow	1,385	1,657	1,543	1,504	1,455	1,619	975	1,374	1,287	970
	Capex	(585)	(635)	(523)	(431)	(396)	(578)	(611)	(828)	(599)	(546)
	Free cash flow	800	1,022	1,020	1,073	1,059	1,041	364	546	688	424
Balance, $m
Balance, $m	Working capital	1,071	1,161	1,514	1,532	1,503	1,675	527	905	1,393	993
	Total debt	6,311	6,147	5,925	5,611	5,269	4,412	4,025	4,305	4,567	4,201
	Net debt	6,130	5,956	5,699	5,407	4,705	3,953	3,532	3,757	3,730	3,635
	Shareholders’ equity	4,608	5,480	5,878	6,032	6,108	5,788	5,236	5,530	5,852	6,037
Returns, %
Returns, %	ROA	5.50	8.80	6.75	4.74	2.98	5.42	5.25	6.10	6.06	3.15
	ROIC	8.08	8.36	8.38	6.12	4.28	11.65	8.57	6.59	8.34	5.01
	ROE	19.79	27.44	19.02	12.75	7.87	14.41	14.39	16.61	15.90	7.97

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SOLS Solstice Advanced Materials Inc.	$9.5B	27.4×	27.8×	+11.13% (above 0%: growing)	−14.99% (below 0%: shrinking)	+70.83% (above 0%: growing)	32.23%	17.16%	Compare
ESI Element Solutions Inc.	$8.7B	47.4×	33.3×	+56.41% (above 0%: growing)	+60.00% (above 0%: growing)	+29.19% (above 0%: growing)	34.15%	11.63%	Compare
SQM Sociedad Quimica y Minera S.A.	$8.6B	11.3×	12.1×	+138.12% (above 0%: growing)	+381.25% (above 0%: growing)	−63.75% (below 0%: shrinking)	51.05%	48.62%	Compare
NEU NewMarket Corporation	$8.2B	18.8×	— (loss-making)	+6.96% (above 0%: growing)	+22.80% (above 0%: growing)	−6.94% (below 0%: shrinking)	32.45%	21.91%	Compare
WLK Westlake Corporation	$8.1B	— (loss-making)	24.8×	+10.77% (above 0%: growing)	n/m	+184.09% (above 0%: growing)	19.93%	11.13%	Compare
EMN Eastman Chemical Company	$7.3B	16.1×	11.5×	+9.88% (above 0%: growing)	+31.15% (above 0%: growing)	+49.40% (above 0%: growing)	22.28%	12.38%
AXTA Axalta Coating Systems Ltd.	$7.2B	20.5×	13.6×	+3.14% (above 0%: growing)	−16.00% (below 0%: shrinking)	+7.22% (above 0%: growing)	34.55%	12.41%	Compare
SXT Sensient Technologies Corporation	$5.7B	36.0×	28.5×	+11.55% (above 0%: growing)	+35.96% (above 0%: growing)	−64.25% (below 0%: shrinking)	37.40%	16.60%	Compare
BCPC Balchem Corporation	$5.4B	33.5×	30.5×	+11.17% (above 0%: growing)	+18.80% (above 0%: growing)	−11.98% (below 0%: shrinking)	36.51%	20.85%	Compare
Median of peers	$8.1B	27.4×	27.8×	+11.15%	+22.80%	+0.14%	34.35%	16.88%

All 60 Specialty Chemicals stocks →

Eastman Chemical Company (EMN) key facts

Concern: Eastman Chemical Company’s revenue for fiscal 2025 (year ended December 2025) was $8.8 billion, down 6.71% from fiscal 2024.
Concern: Net income was $475.0 million, or $4.14 per share (basic), a net margin of 5.42%.
Eastman Chemical Company (EMN) is a Specialty Chemicals company in the Basic Materials sector, listed on the New York Stock Exchange.
As of October 16, 2026, EMN traded at $62.33, a market capitalization of $7.3 billion.
At that price the stock trades at 16.1× trailing-twelve-month earnings and 0.8× sales; its P/E is higher than 74% of its own readings over the past ten years.
Eastman Chemical Company pays an annual dividend of $3.36 per share, a yield of 5.39%, with a payout ratio of 87.5%.
Return on equity was 7.97% and debt-to-equity 0.72.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.29 (grey zone) for fiscal 2025.