FirmAtlas
Company handbook · EMN · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
EMN · CIK 915389 · LATEST FILING: 10-Q JUN '26 · FILED JUL 31, 2026
EASTMAN CHEMICAL CO
$62.33
−1.54 (−2.41%)
Close, Oct 16, 2026 · 52-week $56–83
Eastman makes specialty materials and chemicals: plastics such as Tritan, film and glass interlayers for cars and buildings, additives for coatings, tires and food, acetate fibers, and basic chemicals used by other chemical makers.
Business
- RegionsUS 42% · China 11% · Other 47% (FY25)
- CustomersMakers of cars, buildings, consumer goods, packaging, coatings and tires, and other chemical companies; sold mainly by its own sales force, and through distributors
- Cash useFY24–FY25: capex $1.1B · dividends $760M
Reinvested 51% of operating cash flow · returned 68% of free cash flow
Last fiscal year
EASTMAN CHEMICAL CO reported revenue of $8.8B for the year ended Dec 31, 2025 (FY25), down 6.7% from FY24. Net income was $474M, operating cash flow $970M and free cash flow $424M. Source: 10-K filed Feb 13, 2026.
Market cap
$14.0B
P/E
31.6
P/B
2.3
Div yield
5.39%
Revenue 1Y
−6.7%/yr
EPS 1Y
−46.5%/yr
Shares 1Y
+0.2%
Loading chart…
Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOMark J. Costa
HQKingsport, TN
AuditorPricewaterhouseCoopers LLP
Employees13,000
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
−0.2%
−10.3%
−5.3%
3.6%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$1.9B deployed
Capex
$1.1B
60.1%
Dividends
$760M
39.9%
Operating cash flow over the period: $2.3B. Total debt changed by −$230M. R&D of $505M is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
15,213
14,859−2.3%
15,424
Cash & short-term investments
837
566−32.4%
—
Accounts receivable
791
737−6.8%
—
Inventory
1,988
1,980−0.4%
—
Net PP&E
5,615
5,731+2.1%
—
Other assets
5,982
5,845−2.3%
—
Total liabilities
9,434
8,898−5.7%
9,328
Accounts payable
2,258
2,066−8.5%
—
Total debt
5,017
4,787−4.6%
5,217
Other liabilities
2,159
2,045−5.3%
—
Shareholders’ equity
5,779
5,961+3.1%
6,096
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,287
970−24.6%
991
Net income
908
475−47.7%
—
Depreciation & amortization
509
513+0.8%
—
Stock-based compensation
63
48−23.8%
—
Working capital & other
(193)
(66)n/m
—
Cash from investing
(534)
(462)n/m
—
Capex
(599)
(546)n/m
—
Acquisitions
0
0n/m
—
Other investing
65
84+29.2%
—
Cash from financing
(454)
(797)n/m
—
Debt raised
1,237
246−80.1%
—
Debt repaid
(1,039)
(550)n/m
—
Dividends
(379)
(381)n/m
—
Other financing
(273)
(112)n/m
—
Net change in cash
289
(271)−193.8%
—
Free cash flow (OCF − capex)
688
424−38.4%
539
Where the cash went
Operating cash flow
1,287
970−24.6%
991
Reinvested in the business
599
546−8.8%
—
% of operating cash flow
46.5%
56.3%
Capex
599
546−8.8%
452
Acquisitions
0
0n/m
—
R&D (memo, already in costs)
250
255+2.0%
—
Free cash flow
688
424−38.4%
539
YoY
−38.4%
Returned to shareholders
379
381+0.5%
—
% of free cash flow
55.1%
89.9%
Dividends
379
381+0.5%
—
Change in total debt
—
(230)
—
Cash left over
—
(187)
—
FCF conversion (FCF ÷ net income)
76.0%
89.5%+13.4 pp
—
Owner earnings
—
311
—
Owner earnings margin
—
3.6%
—
Returns & ratios
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
2,202
1,973
2,177
2,513
vs year-ago quarter
Gross profit
433
338
431
560
Gross margin
19.7%
17.1%
19.8%
22.3%
Net income
47
105
107
183
vs year-ago quarter
Net margin
2.1%
5.3%
4.9%
7.3%
EPS (diluted, $)
0.40
0.47
0.93
1.59
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
14,979
14,859
15,222
15,424
Cash & equivalents
489
566
665
691
Total debt
5,075
4,787
5,220
5,217
Shareholders’ equity
5,771
5,961
6,009
6,096
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
402
502
(137)
224
Capex
137
112
103
100
Free cash flow
265
390
(240)
124
vs year-ago quarter