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Stock research / United States / EMN · Plastic Materials, Synth Resins & Nonvulcan Elastomers · NYSE

Eastman Chemical Co. (EMN)

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Eastman Chemical Co. (EMN) reported revenue of $2.5 billion for Q2 FY2026, the quarter ended 30 June 2026, up 9.9% on the same quarter a year earlier. Net income was $183 million, up 30.7% on the year, and diluted earnings per share $1.59. The figures are the company's own, from the 10-Q it filed with the SEC on 31 July 2026.

Revenue$2.5 billionup 9.9%
Net income$183 millionup 30.7%
Diluted EPS$1.59
QuarterQ2 FY2026ended 30 June 2026

Eastman Chemical (EMN) in brief

Eastman Chemical (EMN) reported revenue of $8.8 billion for fiscal 2025, the year ended 31 December 2025, down 6.7% on the year before.
Read moreNet income was $474 million and diluted earnings per share $4.10. Revenue was $9.4 billion in fiscal 2024, $9.2 billion in fiscal 2023, $10.6 billion in fiscal 2022 and $10.5 billion in fiscal 2021. Net income in the same years was $905 million, $894 million, $793 million and $857 million. Over the twelve months to 30 June 2026, Eastman Chemical reported revenue of $8.9 billion and net income of $442 million. Revenue grew 0.7% a year, compounded, over the five years to fiscal 2025. Eastman Chemical declared $3.33 a share in dividends over the last four quarters and had 114 million shares outstanding at the latest filed count. At 30 June 2026 it carried $5.2 billion of debt and $691 million of cash. At the close of 9 October 2026 the market cap of Eastman Chemical was $7.2 billion, 16.3 times its earnings over the last twelve months.

Ratios

From the filings

ROE7.3%
ROCEn/a
Operating marginn/a
Net margin5.0%
FCF margin6.1%
Interest covern/a
Debt to equity0.86
Cash conversion2.24
Share count, 1 year-0.4%
Sales CAGR, 3 years-6.1%
Profit CAGR, 3 years-15.8%
EPS, TTM$3.84

At the close of 9 October 2026

Price$62.72
Market cap$7.2 billion
Stock P/E16.33
Price to book1.18
EV / EBITDAn/a
Dividend yield5.3%
Market cap / sales0.81
52-week high$81.36
52-week low$56.37
Price, 1 year2.8%
Price CAGR, 3 years-5.4%
Price CAGR, 5 years-9.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the total debt Eastman Chemical Co. states in its own filing, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
EMNgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on EMN

Filings16 in twelve months: 6 current reports (8-K), about 4 results of operations; 1 shareholder vote; 1 material agreement; 1 other events
Planned insider sales3 Form 144 notices in twelve months, $840,807; latest 4 August 2026
Options tapeput/call 0.53 by open interest at the 9 October 2026 close; the straddle prices a 4.7% move to 16 October 2026
13F holders10 of the followed funds hold it; largest Capital Research Global Investors; 5 Schedule 13D or 13G filings in twelve months
Insider trading2 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest6.7 million shares short, 5.31 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,2672,2072,3102,3632,4642,2452,2902,2872,2021,9732,1772,513
Cost of revenue1,7831,7431,7781,7641,8591,6911,7231,7811,7691,6351,7461,953
Gross profit484464532599605554567506433338431560
Gross margin21%21%23%25%25%25%25%22%20%17%20%22%
R&D60.057.059.060.065.066.067.067.063.058.060.065.0
SG&A160191191180183182182157160159178185
Pre-tax income19942521428728029725316913412.0136256
Tax rate10%27%23%20%35%-11%28%17%65%-775%21%28%
Net income17831016523018033018214047.0105107183
Net margin8%14%7%10%7%15%8%6%2%5%5%7%
Diluted EPS$1.49$2.61$1.39$1.94$1.53$2.82$1.57$1.20$0.40$0.92$0.93$1.59
Operating cash flow514452-16.0367396540-167233402502-137224
Capital expenditure236179185115120179147150137112103100
Free cash flow278273-201252276361-31483.0265390-240124
Dividends paid94.094.095.095.095.094.096.095.096.094.096.096.0
Shares outstanding119m223m118m117m116m224m115m115m114m224m114m114m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue9,5279,6489,0089,54910,1519,2738,47310,47610,5809,2109,3828,7528,865
Cost of revenue7,3067,0686,6517,1867,6727,0396,4987,9768,4437,1497,0926,9087,103
Gross profit2,2212,5802,3572,3632,4792,2341,9752,5002,1372,0612,2901,8441,762
Gross margin23.3%26.7%26.2%24.7%24.4%24.1%23.3%23.9%20.2%22.4%24.4%21.1%19.9%
Research and development227242223227235234226254264239250255246
Selling, general and administrative755771707729721691654795726727736658682
Operating income1,1621,3841,3831,532n/an/an/an/an/an/an/an/an/a
Operating margin12.2%14.3%15.4%16.0%n/an/an/an/an/an/an/an/an/a
Pre-tax income9901,1291,0491,2891,3109025301,0829771,0871,078568538
Income tax235275190-99.022614041.021518119117093.095.0
Effective tax rate23.7%24.4%18.1%-7.7%17.3%15.5%7.7%19.9%18.5%17.6%15.8%16.4%17.7%
Net income7518488541,3841,080759478857793894905474442
Net margin7.9%8.8%9.5%14.5%10.6%8.2%5.6%8.2%7.5%9.7%9.6%5.4%5.0%
Diluted EPS$4.97$5.66$5.75$9.47$7.56$5.48$3.50$6.25$6.35$7.49$7.67$4.10$3.84
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Advanced Materials2,9323,0502,88032.9%
Additives And Functional Products2,8342,8622,88032.9%
Chemical Intermediates2,1432,1341,92522.0%
Fibers1,2951,3181,05012.0%
Other Segments6.018.017.00.2%
Advanced MaterialsAdditives And Functional ProductsChemical IntermediatesFibersOther Segments
9,210FY20239,382FY20248,752FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
All Foreign Countries4,4424,5364,14047.3%
United States3,7943,7733,66241.8%
China9741,07395010.9%
All Foreign CountriesUnited StatesChina
9,210FY20239,382FY20248,752FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow1,4331,6241,3851,6571,5431,5041,4551,6199751,3741,287970991
Capital expenditure593652626649528425383555611828599546452
Free cash flow8409727591,0081,0151,0791,0721,064364546688424539
Free cash flow margin8.8%10.1%8.4%10.6%10.0%11.6%12.7%10.2%3.4%5.9%7.3%4.8%6.1%
Cash from investing-4,091-693-655-643-463-480-394-29.0392-432-534-462-387
Cash from financing2,639-844-838-1,006-1,040-1,043-704-1,690-1,321-888-454-797-342
Depreciation and amortisation450571580587604611574538477498509513523
Share-based compensation28.036.036.052.064.059.044.070.069.064.063.048.069.0
Buybacksn/an/an/an/an/an/an/a900n/an/an/an/an/a
Dividends paid210238272296318343358375381376379381382
Dividend per share$1.45$1.66$1.89$2.09$2.30$2.52$2.67$2.83$3.07$3.18$3.26$3.33n/a
Diluted shares, weighted151m150m148m146m143m138m136m137m125m119m118m116m115m
Shares outstanding at period end216m217m218m218m219m220m221m222m222m223m224m224m114m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity3,5103,9414,5325,4035,8035,9586,0235,7045,1535,4585,7795,9616,096
Non-controlling interest80.080.076.077.075.074.085.084.083.072.073.076.079.0
Debt7,5497,0086,5946,5406,1685,7825,6185,1595,1514,8465,0174,7875,217
Operating lease liabilitiesn/an/an/an/an/a141n/an/an/an/an/an/an/a
Other liabilities4,9334,5824,2553,9793,9494,0534,3574,5724,2804,2574,3444,0354,032
Total liabilities and equity16,07215,61115,45715,99915,99516,00816,08315,51914,66714,63315,21314,85915,424
Owned
Fixed assets5,0875,1305,2765,6075,6005,5715,5494,9965,1605,5485,6155,7315,686
Goodwill4,4864,5184,4614,5274,4674,4314,4653,6413,6643,6463,6323,6653,661
Intangible assets2,9052,6502,4792,3732,1852,0111,7921,3621,2101,1381,032970924
Cash and equivalents214293181191226204564459493548837566691
Receivables9367928121,0261,1549801,0331,0919578267917371,097
Inventory1,5091,4791,4041,5091,5831,6621,3791,5041,8941,6831,9881,9802,101
Other assets9357498447667801,1491,3012,4661,2891,2441,3181,2101,264
Total assets16,07215,61115,45715,99915,99516,00816,08315,51914,66714,63315,21314,85915,424
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded-1.0%0.7%-6.1%-4.5%
Profit growth, compounded-5.7%-0.2%-15.8%-46.9%
Return on equity, average15.4%14.1%13.3%8.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Eastman Chemical's revenue in fiscal 2025?

Eastman Chemical (EMN) reported revenue of $8.8 billion for fiscal 2025, the year ended 31 December 2025, down 6.7% on the year before.

How much did Eastman Chemical earn in fiscal 2025?

Net income was $474 million for fiscal 2025, and diluted earnings per share $4.10.

What is Eastman Chemical's P/E ratio?

At the close of 9 October 2026, Eastman Chemical traded at 16.3 times its earnings over the twelve months to 30 June 2026.

What is Eastman Chemical's market cap?

The market cap of Eastman Chemical was $7.2 billion at the close of 9 October 2026.

Does Eastman Chemical pay a dividend?

Yes. Eastman Chemical declared $3.33 a share in dividends over the four quarters to 30 June 2026.

Peers: Chemicals

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Dow Inc. DOW$20.5 billionn/a-8.1%n/a-1.2%1.087.4%
DuPont de Nemours, Inc. DD$17.6 billion288.960.4%n/a3.3%0.233.3%
Albemarle Corp. ALB$12.0 billion389.582.2%4.3%18.3%0.181.6%
Element Solutions Inc. ESI$8.8 billion49.086.3%12.6%26.6%0.730.9%
Newmarket Corp. NEU$8.2 billion19.2223.6%20.0%-1.3%0.471.3%
Westlake Corp. WLK$8.0 billionn/a-14.2%-11.0%-4.0%0.583.4%
Eastman Chemical Co. EMN$7.2 billion16.337.3%n/a-4.5%0.865.3%
Axalta Coating Systems Ltd. AXTA$7.0 billion20.1513.8%13.2%-0.9%1.01n/a
Hexcel Corp. HXL$6.4 billion42.6811.8%11.5%5.4%0.7483.5%
Mosaic Co. MOS$6.0 billionn/a-5.6%-1.4%8.8%0.424.7%
Avient Corp. AVNT$3.5 billion20.427.0%9.5%2.4%0.772.9%
Rogers Corp. ROG$2.6 billion84.302.6%6.4%4.9%0.00n/a
All 36 in Chemicals
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Linde plc LIN$223.0 billion31.2118.5%26.5%6.6%0.721.2%
Air Products & Chemicals, Inc. APD$62.6 billionn/a-0.3%-4.7%4.5%1.272.5%
Nutrien Ltd. NTR *$32.5 billion14.479.0%13.9%3.5%0.423.3%
PPG Industries Inc. PPG$23.2 billion14.9018.6%n/a5.0%0.812.7%
International Flavors & Fragrances Inc. IFF$21.6 billionn/an/a7.6%-11.7%0.341.9%
Dow Inc. DOW$20.5 billionn/a-8.1%n/a-1.2%1.087.4%
LyondellBasell Industries N.V. LYB$19.4 billionn/an/an/an/a1.056.9%
DuPont de Nemours, Inc. DD$17.6 billion288.960.4%n/a3.3%0.233.3%
CF Industries Holdings, Inc. CF$16.9 billion8.2736.5%41.1%20.0%0.561.8%
RPM International Inc. RPM$12.5 billion18.0919.8%n/a6.0%0.571.3%
Albemarle Corp. ALB$12.0 billion389.582.2%4.3%18.3%0.181.6%
Solstice Advanced Materials Inc. SOLS$9.8 billionn/a13.2%n/an/a1.24n/a
Element Solutions Inc. ESI$8.8 billion49.086.3%12.6%26.6%0.730.9%
Newmarket Corp. NEU$8.2 billion19.2223.6%20.0%-1.3%0.471.3%
Westlake Corp. WLK$8.0 billionn/a-14.2%-11.0%-4.0%0.583.4%
Eastman Chemical Co. EMN$7.2 billion16.337.3%n/a-4.5%0.865.3%
Axalta Coating Systems Ltd. AXTA$7.0 billion20.1513.8%13.2%-0.9%1.01n/a
Hexcel Corp. HXL$6.4 billion42.6811.8%11.5%5.4%0.7483.5%
Mosaic Co. MOS$6.0 billionn/a-5.6%-1.4%8.8%0.424.7%
Sensient Technologies Corp. SXT$5.5 billion35.1212.5%14.0%8.1%0.611.3%
Balchem Corp. BCPC$5.4 billion32.9912.6%20.4%10.1%0.130.6%
Celanese Corp. CE$4.9 billionn/a-28.2%n/a-2.3%2.88n/a
CSW Industrials, Inc. CSW$4.7 billion39.4411.3%16.5%27.7%0.77n/a
Cabot Corp. CBT$3.9 billion21.0611.8%13.6%-4.7%0.522.3%
Avient Corp. AVNT$3.5 billion20.427.0%9.5%2.4%0.772.9%
Scotts Miracle-Gro Co. SMG$2.9 billion43.34n/a11.8%-2.0%n/a5.3%
WD 40 Co. WDFC$2.7 billion30.7332.0%17.5%10.2%0.361.8%
Fuller H B Co. FUL$2.7 billion13.819.1%n/a1.5%0.951.9%
Rogers Corp. ROG$2.6 billion84.302.6%6.4%4.9%0.00n/a
Ingevity Corp. NGVT$2.4 billionn/an/an/an/a22.52n/a
Innospec Inc. IOSP$2.4 billion19.519.0%7.0%2.9%0.001.8%
Chemours Co. CC$2.0 billionn/an/a-1.9%-0.9%n/a3.8%
Minerals Technologies Inc. MTX$2.0 billionn/a-4.3%-1.3%4.1%0.620.7%
Olin Corp. OLN$1.7 billionn/a-11.5%-1.6%0.6%1.775.4%
REX American Resources Corp. REX$1.4 billion11.5317.9%n/a1.3%0.00n/a
FMC Corp. FMC$1.0 billionn/a-168.5%-61.9%-21.3%2.6221.8%
6 companies share its SEC industry code (Plastic Materials, Synth Resins & Nonvulcan Elastomers); the rest are the names nearest in size in its wider industry, Chemicals, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202631 July 2026EDGAR
10-Q31 March 20261 May 2026EDGAR
10-K31 December 202513 February 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 20251 August 2025EDGAR
10-Q31 March 202525 April 2025EDGAR
10-K31 December 202414 February 2025EDGAR
10-Q30 September 20241 November 2024EDGAR
10-Q30 June 202426 July 2024EDGAR
10-Q31 March 202426 April 2024EDGAR

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