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EMN

Eastman Chemical Company

EMN

Eastman Chemical Company • NYSE
$62.08 ▲ 1.36% (+0.83)
Market Cap $7.15 B
52w High $105.22
52w Low $56.11
Dividend Yield 3.32%
P/E 10.36
Volume 478.96K
Outstanding Shares 115.13M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.202B ▼ $223M ▲ $47M ▼ 2.134% ▼ $0.41 ▼ $188M ▼
Q2-2025 $2.287B ▼ $222M ▼ $140M ▼ 6.122% ▼ $1.22 ▼ $352M ▼
Q1-2025 $2.29B ▲ $249M ▲ $182M ▼ 7.948% ▼ $1.58 ▼ $432M ▼
Q4-2024 $2.245B ▼ $176M ▼ $330M ▲ 14.699% ▲ $2.85 ▲ $482M ▲
Q3-2024 $2.464B $248M $180M 7.305% $1.55 $460M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $423M ▲ $15.219B ▲ $9.313B ▲ $5.835B ▼
Q1-2025 $418M ▼ $14.971B ▼ $9.027B ▼ $5.871B ▲
Q4-2024 $837M ▲ $15.213B ▲ $9.361B ▲ $5.779B ▲
Q3-2024 $622M ▲ $15.06B ▲ $9.332B ▲ $5.654B ▲
Q2-2024 $514M $14.945B $9.246B $5.627B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $140M ▼ $233M ▲ $-147M ▼ $-90M ▲ $5M ▲ $83M ▲
Q1-2025 $183M ▼ $-167M ▼ $-131M ▲ $-124M ▲ $-419M ▼ $-314M ▼
Q4-2024 $331M ▲ $540M ▲ $-132M ▼ $-181M ▲ $215M ▲ $365M ▲
Q3-2024 $181M ▼ $396M ▲ $-102M ▲ $-194M ▲ $108M ▲ $275M ▲
Q2-2024 $231M $367M $-121M $-227M $15M $249M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Additives And Functional Products
Additives And Functional Products
 $740.00M ▲$700.00M ▼$730.00M ▲$770.00M ▲
Advanced Materials
Advanced Materials
 $790.00M ▲$720.00M ▼$720.00M ▲$780.00M ▲
Chemical Intermediates
Chemical Intermediates
 $590.00M ▲$500.00M ▼$550.00M ▲$460.00M ▼
Fibers
Fibers
 $340.00M ▲$320.00M ▼$290.00M ▼$270.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has been relatively stable over the last few years, with a post‑pandemic rebound followed by a modest pullback and then slight recovery. Despite this uneven top line, profits have generally trended upward, helped by better product mix and cost discipline. Margins were squeezed in the middle of the period but are showing signs of recovery, and earnings per share have grown steadily, suggesting decent operational resilience in a choppy demand and cost environment.

Balance Sheet

Balance Sheet The balance sheet looks solid and fairly steady over time. Total assets have held in a narrow range, debt has inched down, and equity has started to rebuild, implying a slow improvement in leverage. Cash on hand has risen from earlier lows, giving the company more financial flexibility while still carrying a meaningful but manageable debt load typical for a capital‑intensive chemicals business.

Cash Flow

Cash Flow Eastman consistently generates positive cash from operations, though the level has been somewhat volatile, reflecting swings in demand and working capital. Free cash flow remains positive even after elevated investment spending, which appears tied to growth and sustainability projects. This suggests the company is in an investment-heavy phase but is still funding these projects largely from its own cash generation rather than stretching its finances.

Competitive Edge

Competitive Edge Eastman competes in specialty chemicals, where performance, reliability, and technical support matter more than pure volume. Its strengths lie in proprietary materials, deep relationships with customers across industries, and a clear positioning around sustainability and circular solutions. Molecular recycling capabilities and branded products like Tritan and Naia help differentiate it from more commodity‑oriented peers, though the company still faces cyclical demand, raw‑material volatility, and rising competition in sustainable materials.

Innovation and R&D

Innovation and R&D Innovation is a central part of Eastman’s strategy, with heavy emphasis on circular economy technologies and high‑performance specialty materials. The molecular recycling platforms and “Renew” product families are designed to turn hard‑to‑recycle waste into premium materials, giving both environmental and commercial advantages if scaled successfully. The pipeline of new applications in packaging, textiles, and automotive suggests ongoing R&D momentum, but these projects are capital intensive and their ultimate returns depend on customer adoption, regulation, and execution.

Summary

Overall, Eastman shows the profile of a mature specialty materials company using innovation and sustainability to reshape its future. Financially, it has maintained stable revenue, gradually improving earnings, a sound balance sheet, and positive free cash flow despite heavier investment. Strategically, its push into molecular recycling and branded sustainable materials could deepen its competitive moat if the technologies scale as planned. The main watch‑points are execution on large projects, the pace of customer adoption of circular solutions, and the usual economic and commodity cycles that influence the chemicals sector.

NEWS

November 25, 2025 · 11:45 AM UTC

Eastman CFO Willie McLain to address the Citi Basic Materials Conference

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November 3, 2025 · 4:15 PM UTC

Eastman Announces Third-Quarter 2025 Financial Results

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October 27, 2025 · 6:10 PM UTC

Solstice Advance Materials and Qnity Electronics Set to Join S&P 500; Others to Join S&P SmallCap 600

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October 6, 2025 · 4:15 PM UTC

Eastman Schedules Third-Quarter 2025 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast, and Release of Additional Information

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September 16, 2025 · 11:33 AM UTC

Eastman Named as a 100 Best Corporate Citizen for 2025

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