Friday 6 November 2026
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Eastman Kodak Company
KODK Industrials Specialty Business Services
Eastman Kodak Company’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 2.49% from fiscal 2024.
- Revenue
- +2.60%
- EPS
- +367.9%
- Free cash flow
- −129.4%
- Total debt
- −78.3%
Quarter to September 2026, against a year earlier
8.12
0.72
+9.73%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 1,643 | 1,386 | 1,320 | 1,242 | 1,029 | 1,150 | 1,205 | 1,117 | 1,043 | 1,069 | 1,142 | (4.7%) | 1,183 | 1,261 | — | +8.6% | |
| Gross margin, % | 24.53 | 15.22 | 13.64 | 14.65 | 13.12 | 14.26 | 14.11 | 18.80 | 19.46 | 21.70 | 24.43 | (2.8) pt | ||||||
| EBT | 51 | (26) | (13) | (60) | (376) | 28 | 31 | 87 | 110 | (112) | (67) | n/m | ||||||
| EBT margin, % | 3.10 | (1.88) | (0.98) | (4.83) | (36.54) | 2.43 | 2.57 | 7.79 | 10.55 | (10.48) | (5.87) | (13.6) pt | ||||||
| Net income | 16 | 94 | (16) | 116 | (541) | 24 | 26 | 75 | 102 | (128) | (86) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 38.93 | 32.61 | 30.91 | 28.88 | 17.93 | 14.67 | 15.27 | 14.07 | 13.02 | 12.29 | 11.65 | (12.0%) | |||||
| Earnings | 0.28 | 1.76 | (0.84) | 2.23 | (9.77) | 0.28 | 0.16 | 0.71 | 0.97 | (1.78) | (1.10) | n/m | ||||||
| Cash flow | (0.36) | (1.58) | (1.45) | 0.28 | (0.61) | (0.60) | (1.47) | 0.48 | (0.09) | 5.52 | 4.99 | n/m | ||||||
| Capex | (0.66) | (0.59) | (0.52) | (0.35) | (0.30) | (0.27) | (0.39) | (0.40) | (0.70) | (0.39) | (0.28) | (5.7%) | ||||||
| Free cash flow | (1.02) | (2.16) | (1.97) | (0.07) | (0.91) | (0.87) | (1.86) | 0.08 | (0.79) | 5.13 | 4.71 | n/m | ||||||
| Book value | (1.73) | 1.34 | (0.07) | 2.30 | 1.34 | 9.96 | 13.19 | 11.73 | 8.00 | 7.06 | 6.67 | n/m | ||||||
| Shares, m | 42 | 43 | 43 | 43 | 57 | 78 | 79 | 79 | 80 | 87 | 95 | +8.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 54.83 | 1.81 | 0.00 | 1.98 | 0.00 | 25.01 | 19.44 | 5.23 | 6.84 | 0.00 | 0.00 | 11.5 | |||||
| P/S | 0.41 | 0.10 | 0.08 | 0.16 | 0.45 | 0.32 | 0.20 | 0.27 | 0.50 | 0.69 | 0.64 | 0.3 | ||||||
| P/B | 0.00 | 2.35 | 0.00 | 2.02 | 6.07 | 0.47 | 0.24 | 0.33 | 0.82 | 1.20 | 1.12 | 1.3 | ||||||
| EV/Sales | 0.39 | 0.14 | 0.20 | 0.05 | 0.28 | 0.23 | 0.29 | 0.45 | 0.76 | 0.57 | 0.46 | 0.3 | ||||||
| EV/FCF | (15.07) | (2.11) | (3.20) | (21.98) | (5.58) | (3.81) | (2.35) | 84.51 | (12.58) | 1.36 | 1.13 | 1.9 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (15) | (67) | (62) | 12 | (35) | (47) | (116) | 38 | (7) | 480 | 489 | n/m | |||||
| Capex | (28) | (25) | (22) | (15) | (17) | (21) | (31) | (32) | (56) | (34) | (27) | +2.2% | ||||||
| Free cash flow | (43) | (92) | (84) | (3) | (52) | (68) | (147) | 6 | (63) | 446 | 462 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 622 | 539 | 132 | 338 | 331 | 498 | 388 | 429 | 334 | 573 | 542 | (0.9%) | |||||
| Net debt | (23) | 60 | 160 | (134) | (177) | (108) | 100 | 203 | 266 | (128) | (207) | +21.0% | ||||||
| Shareholders’ equity | (73) | 57 | (3) | 99 | 77 | 781 | 1,041 | 931 | 641 | 614 | 654 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 0.77 | 4.31 | (2.24) | 6.56 | (42.13) | 1.29 | 0.58 | 2.41 | 3.58 | (8.57) | (5.42) | (9.3) pt | |||||
| ROIC | 0.00 | (110.58) | (46.97) | 0.00 | 0.00 | (4.27) | (1.42) | 0.22 | (0.48) | 0.00 | 3.91 | 0.0 pt | ||||||
| ROE | 100.00 | (937.50) | (133.33) | 200.00 | (637.50) | 5.13 | 1.43 | 5.68 | 9.92 | (24.70) | (13.84) | (124.7) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 6,100 | 5,800 | 5,400 | 4,922 | 4,500 | 4,200 | 4,200 | 4,000 | 3,900 | 3,500 | — | (6.0%) | |||||
| Revenue/emp, $m | 0.27 | 0.24 | 0.24 | 0.25 | 0.23 | 0.27 | 0.29 | 0.28 | 0.27 | 0.31 | — | +1.4% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Eastman Kodak Company vs peers in Specialty Business Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| BV BrightView Holdings, Inc. | $1.1B | — (loss-making) | — (loss-making) | +1.31% (above 0%: growing) | n/m | +69.17% (above 0%: growing) | 21.17% | 4.50% | Compare |
| TH Target Hospitality Corp. | $1.0B | — (loss-making) | — (loss-making) | +38.71% (above 0%: growing) | n/m | +486.17% (above 0%: growing) | 18.49% | (8.77%) | Compare |
| RHLD Resolute Holdings Management, Inc. | $1.0B | 23.4× | — | +295.65% (above 0%: growing) | n/m | +64.98% (above 0%: growing) | 34.87% | 7.44% | Compare |
| LZ LegalZoom.com, Inc. | $1.0B | 51.2× | 27.7× | +2.62% (above 0%: growing) | +66.67% (above 0%: growing) | −27.39% (below 0%: shrinking) | 70.75% | 6.94% | Compare |
| TRNS Transcat, Inc. | $944.1M | 208× | 150× | +18.01% (above 0%: growing) | +83.57% (above 0%: growing) | −28.28% (below 0%: shrinking) | 33.61% | 5.18% | Compare |
| BKSY BlackSky Technology Inc. | $782.5M | — (loss-making) | — (loss-making) | +118.39% (above 0%: growing) | n/m | +100.16% (above 0%: growing) | 0.00% | 0.95% | Compare |
| KODK Eastman Kodak Company | $725.9M | — (loss-making) | 32.5× | +2.60% (above 0%: growing) | n/m | −129.41% (below 0%: shrinking) | 26.45% | 5.43% | |
| CASS Cass Information Systems, Inc | $695.5M | 19.1× | 17.3× | +12.24% (above 0%: growing) | +23.88% (above 0%: growing) | +625.84% (above 0%: growing) | 92.56% | 0.00% | Compare |
| EBF Ennis, Inc. | $530.2M | 13.6× | — (loss-making) | +3.37% (above 0%: growing) | −27.45% (below 0%: shrinking) | +21.39% (above 0%: growing) | 29.89% | 13.31% | Compare |
| Median of peers | $982.0M | 23.4× | 27.7× | +15.13% | +45.28% | +67.08% | 31.75% | 4.84% |
Pay and ownership Proxy statement filed 9 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 6.82m | 8.83m | 104.00 |
| 2024 | 6.23m | 9.20m | 81.00 |
| 2023 | 7.06m | 7.11m | 48.00 |
| 2022 | 2.70m | 1.86m | 37.00 |
| 2021 | 6.04m | 4.17m | 57.00 |
Ownership
Directors and executive officers, together
21.31%
GO EK Ventures IV, LLC B. Thomas Golisano
15.52%
Philippe D. Katz
10.99%
K.F. Investors LLC, et al.
10.80%
George and Renee Karfunkel
5.15%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement