EMNNYSEPlastic Materials, Synth Resins & Nonvulcan ElastomersFiscal year ends December 31
EASTMAN CHEMICAL CO
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$62.48+0.15 (+0.24%)
Close on Oct 19, 2026
- Market cap
- $7.20B
- P/E (TTM)
- 16.3
- Dividend yield
- 5.33%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
21.1%−2.2 pts over 5 years
Operating margin
–
Net margin
5.4%−0.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -6.7% | -6.1% | +0.7% | -1.0% | |
| Gross profit | -19.5% | -4.8% | -1.4% | -3.3% | |
| Net income | -47.6% | -15.8% | -0.2% | -5.7% | |
| EPS, diluted | -46.5% | -13.6% | +3.2% | -3.2% | |
| Free cash flow | -38.4% | +5.2% | -16.9% | -8.0% | |
| Dividend per share | +2.1% | +2.7% | +4.5% | +7.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 20.2% | 8.0% | 8.1% | |
| Return on assets | 5.5% | 3.0% | 3.2% | |
| Current ratio | 1.60 | 1.74 | 1.37 | |
| Debt to equity | 1.45 | 0.93 | 0.80 | |
| Net debt to EBITDA | 3.27× | – | – | |
| Inventory turnover | 4.6× | 4.3× | 3.5× | |
| Capex to revenue | 6.9% | 4.5% | 6.2% | |
| Diluted shares | 148M | 137M | 116M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Eastman Chemical generated $6.23B from operations and spent $5.93B on capital expenditure, dividends and share buybacks. 53% of that went back into the business.
Generated
$6.23B
Used
$5.93B
Capital expenditure$3.14B53%Dividends$1.89B32%Share buybacks$900.00M15%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.4%
×Asset turnover0.58×
×Equity multiplier2.56×
=Return on equity, FY20258.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.4% | 0.58× | 2.56× | 8.1% |
| FY2024 | 9.6% | 0.63× | 2.66× | 16.1% |
| FY2023 | 9.7% | 0.63× | 2.76× | 16.9% |
| FY2022 | 7.5% | 0.70× | 2.78× | 14.6% |
| FY2021 | 8.2% | 0.66× | 2.69× | 14.6% |
| FY2020 | 5.6% | 0.53× | 2.68× | 8.0% |
| FY2019 | 8.2% | 0.58× | 2.72× | 12.9% |
| FY2018 | 10.6% | 0.63× | 2.86× | 19.3% |
| FY2017 | 14.5% | 0.61× | 3.17× | 27.9% |
| FY2016 | 9.5% | 0.58× | 3.66× | 20.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$474.00M
- Cash generatingOperating cash flow above zero$970.00M
- Return on assets improvedROA up on the prior year6.2% → 3.1%
- Earnings backed by cashOperating cash flow above net income$970.00M vs $474.00M
- Less leverageLong-term debt to assets fell30.0% → 28.3%
- Better liquidityCurrent ratio rose1.51 → 1.37
- No dilutionShare count did not rise118M → 116M
- Gross margin improvedGross margin up on the prior year24.41% → 21.07%
- More efficientAsset turnover rose0.64 → 0.58