Eastman Chemical Co (EMN)

Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally. The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids. It serves transportation, personal care, wellness, food, feed, agriculture, building and construction, water treatment, energy, consumables, durables, and electronics markets. Its Advanced Materials segment provides copolyesters, cellulosic biopolymers, polyvinyl butyral sheets, polyester films and window and protective films for value-added end uses in the transportation, durables, electronics, building and construction, medical and pharma, and consumables end-markets. The company's Chemical Intermediates segment offers olefin and acetyl derivatives, methylamines and salts, higher amines and solvents, ethylene, and commodity solvents; and primary non-phthalate and phthalate plasticizers, and niche non-phthalate plasticizers for industrial chemicals and processing, building and construction, health and wellness, and food and feed. Its Fibers segment provides cellulose acetate tow, triacetin, cellulose acetate flake, acetic acid, and acetic anhydride for use in filtration media primarily cigarette filters; natural and solution dyed acetate yarns, and staple fiber for use in consumables, and health and wellness markets; and wet-laid nonwoven media, specialty and engineered papers, and cellulose acetate fibers for transportation, industrial, agriculture and mining, and aerospace markets. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee.

Symbol
EMN
Exchange
NYSE
Sector
Basic Materials
Industry
Specialty Chemicals
Market cap
$7.42B
52 week range
56.11 - 83.47

Valuation

Share price
$64.87 (close of 2026-10-02)
P/E (TTM)
16.76x
Price to book
1.20x
Price to free cash flow
13.77x
Enterprise value
$11.95B
Book value per share
$53.99

Price performance

PeriodChange
1 day+1.28%
5 days-3.14%
1 month-10.10%
3 months-5.79%
6 months-13.59%
Year to date+1.63%
1 year+0.78%
3 years-14.06%
5 years-36.71%
10 years-4.15%
All time+186.65%

Members of Congress who disclosed EMN trades

Lisa McClain · Robert Bresnahan

Super investors holding EMN

Ken Griffin (Citadel)

Profitability and growth

Return on equity
7.85%
Return on assets
3.19%
Gross margin
21.07%
Net margin
5.42%
EBITDA margin
12.34%
Revenue growth
-6.71%
Net income growth
-47.62%
Free cash flow growth
-38.37%

Cash flow and balance sheet

Free cash flow yield (TTM)
7.26%
Current ratio
1.50x
Net debt to EBITDA
3.70x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$8.75B
Cost of revenue
$6.91B
Gross profit
$1.84B
EBITDA
$1.08B
Net income
$474.00M
Earnings per share
$4.14
Research and development
$255.00M
Shares outstanding
114.70M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$8.75B$1.84B$474.00M$4.14
2024-12-31$9.38B$2.29B$905.00M$7.75
2023-12-31$9.21B$2.06B$894.00M$7.54
2022-12-31$10.58B$2.14B$793.00M$6.42
2021-12-31$10.48B$2.50B$857.00M$6.35
2020-12-31$8.47B$1.98B$478.00M$3.53
2019-12-31$9.27B$2.23B$759.00M$5.52
2018-12-31$10.15B$2.48B$1.08B$7.65
2017-12-31$9.55B$2.36B$1.38B$9.56
2016-12-31$9.01B$2.36B$854.00M$5.80

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3121.07%5.42%7.85%-
2024-12-3124.41%9.65%15.46%-
2023-12-3122.38%9.71%16.17%-
2022-12-3120.20%7.50%15.15%-
2021-12-3123.86%8.18%14.81%-
2020-12-3123.31%5.64%7.83%-
2019-12-3124.09%8.19%12.58%-
2018-12-3124.42%10.64%18.37%-
2017-12-3124.75%14.49%25.26%12.95%
2016-12-3126.17%9.48%18.53%10.82%

Cash and debt by year

Period endCashDebt
2025-12-31$566.00M$4.20B
2024-12-31$837.00M$4.57B
2023-12-31$548.00M$4.30B
2022-12-31$493.00M$4.03B
2021-12-31$459.00M$4.41B
2020-12-31$564.00M$5.27B
2019-12-31$204.00M$5.61B
2018-12-31$226.00M$5.92B
2017-12-31$191.00M$6.15B
2016-12-31$181.00M$6.31B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$424.00M$48.00M
2024-12-31$688.00M$63.00M
2023-12-31$546.00M$64.00M
2022-12-31$364.00M$69.00M
2021-12-31$1.06B$70.00M
2020-12-31$1.07B$44.00M
2019-12-31$1.08B$59.00M
2018-12-31$1.01B$64.00M
2017-12-31$1.01B$52.00M
2016-12-31$759.00M$36.00M

Dividend history

Most recent payment
2026-09-15
Paid in the last twelve months
$3.36
Payment dateDividend per share
2026-09-15$0.84
2026-06-15$0.84
2026-03-13$0.84
2025-12-15$0.84
2025-09-15$0.83
2025-06-13$0.83
2025-03-14$0.83
2024-12-16$0.83

Investor relations

Next earnings report

Next confirmed report
2026-11-02
Consensus EPS estimate
$1.94

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-30Jun/2026$1.80
2026-04-30Mar/2026$1.07
2026-01-29Dec/2025$0.76
2025-11-03Sep/2025$1.18
2025-07-31Jun/2025$1.72
2025-04-24Mar/2025$1.89
2025-01-30Dec/2024$1.58
2024-10-31Sep/2024$2.13

Filings and sources

Company website
eastman.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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