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Eastman Chemical (EMN) Financials

Eastman Chemical logo
$75.80 -5.02 (-6.21%)
Closing price 03:59 PM Eastern
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$75.84 +0.04 (+0.05%)
As of 05:47 PM Eastern
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Annual Income Statements for Eastman Chemical

Annual Income Statements for Eastman Chemical

This table shows Eastman Chemical's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
848 854 1,384 1,080 759 478 857 793 894 905
Consolidated Net Income / (Loss)
854 859 1,388 1,084 762 489 867 796 896 908
Net Income / (Loss) Continuing Operations
854 859 1,388 1,084 762 489 867 796 896 908
Total Pre-Tax Income
1,129 1,049 1,289 1,310 902 530 1,082 977 1,087 1,078
Total Operating Income
1,384 1,382 1,399 1,478 1,120 868 1,281 1,159 1,302 1,278
Total Gross Profit
2,580 2,357 2,363 2,479 2,234 1,975 2,500 2,137 2,061 2,290
Total Revenue
9,648 9,008 9,549 10,151 9,273 8,473 10,476 10,580 9,210 9,382
Operating Revenue
9,648 9,008 9,549 10,151 9,273 8,473 10,476 10,580 9,210 9,382
Total Cost of Revenue
7,068 6,651 7,186 7,672 7,039 6,498 7,976 8,443 7,149 7,092
Operating Cost of Revenue
7,068 6,651 7,186 7,672 7,039 6,498 7,976 8,443 7,149 7,092
Total Operating Expenses
1,196 975 964 1,001 1,111 1,107 1,096 935 1,082 1,012
Selling, General & Admin Expense
771 707 729 721 691 654 795 726 727 736
Research & Development Expense
242 223 227 235 234 226 254 264 239 250
Other Operating Expenses / (Income)
- - - - 63 - - -6.00 38 47
Restructuring Charge
183 45 8.00 45 126 227 47 -49 78 -21
Total Other Income / (Expense), net
-255 -333 -110 -168 -218 -338 -322 -225 108 -200
Interest Expense
263 340 241 242 218 211 199 182 215 200
Other Income / (Expense), net
8.00 7.00 131 74 0.00 -127 -123 -43 323 0.00
Income Tax Expense
275 190 -99 226 140 41 215 181 191 170
Net Income / (Loss) Attributable to Noncontrolling Interest
6.00 5.00 4.00 4.00 3.00 11 10 3.00 2.00 3.00
Basic Earnings per Share
$5.71 $5.80 $9.56 $7.65 $5.52 $3.53 $6.35 $6.42 $7.54 $7.75
Weighted Average Basic Shares Outstanding
148.60M 147.30M 144.80M 15.43B 135.99M 271.72M 257.94M 237.59M 234.69M 115.17M
Diluted Earnings per Share
$5.66 $5.75 $9.47 $7.56 $5.48 $3.50 $6.25 $6.35 $7.49 $7.67
Weighted Average Diluted Shares Outstanding
148.60M 147.30M 144.80M 15.43B 135.99M 271.72M 257.94M 237.59M 234.69M 115.17M
Weighted Average Basic & Diluted Shares Outstanding
148.60M 147.30M 144.80M 15.43B 135.99M 271.72M 257.94M 237.59M 234.69M 115.17M
Cash Dividends to Common per Share
$1.66 $1.89 $2.09 $2.30 $2.52 $2.67 $2.83 $3.07 $3.18 $3.26

Quarterly Income Statements for Eastman Chemical

This table shows Eastman Chemical's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
301 1.00 134 272 178 310 165 230 180 330
Consolidated Net Income / (Loss)
301 2.00 134 272 179 311 165 231 181 331
Net Income / (Loss) Continuing Operations
301 2.00 134 272 179 311 165 231 181 331
Total Pre-Tax Income
281 28 194 269 199 425 214 287 280 297
Total Operating Income
324 122 246 323 256 477 263 337 329 349
Total Gross Profit
541 376 529 584 484 464 532 599 605 554
Total Revenue
2,709 2,373 2,412 2,324 2,267 2,207 2,310 2,363 2,464 2,245
Operating Revenue
2,709 2,373 2,412 2,324 2,267 2,207 2,310 2,363 2,464 2,245
Total Cost of Revenue
2,168 1,997 1,883 1,740 1,783 1,743 1,778 1,764 1,859 1,691
Operating Cost of Revenue
2,168 1,997 1,883 1,740 1,783 1,743 1,778 1,764 1,859 1,691
Total Operating Expenses
217 211 283 261 228 310 269 262 276 205
Selling, General & Admin Expense
173 172 191 185 160 191 191 180 183 182
Research & Development Expense
68 64 62 60 60 57 59 60 65 66
Other Operating Expenses / (Income)
1.00 - 11 19 10 -2.00 13 26 3.00 5.00
Restructuring Charge
-25 -4.00 19 -3.00 -2.00 64 6.00 -4.00 25 -48
Total Other Income / (Expense), net
-43 -137 -52 -54 -57 271 -49 -50 -49 -52
Interest Expense
43 48 52 54 57 52 49 50 49 52
Income Tax Expense
-20 26 60 -3.00 20 114 49 56 99 -34
Net Income / (Loss) Attributable to Noncontrolling Interest
0.00 1.00 0.00 0.00 1.00 1.00 0.00 1.00 1.00 1.00
Basic Earnings per Share
$2.48 $0.07 $1.13 $2.28 $1.50 $2.63 $1.40 $1.96 $1.55 $2.84
Weighted Average Basic Shares Outstanding
239.98M 237.59M 238.30M 118.56M 118.56M 234.69M 117.65M 116.86M 115.91M 115.17M
Diluted Earnings per Share
$2.46 $0.06 $1.12 $2.27 $1.49 $2.61 $1.39 $1.94 $1.53 $2.81
Weighted Average Diluted Shares Outstanding
239.98M 237.59M 238.30M 118.56M 118.56M 234.69M 117.65M 116.86M 115.91M 115.17M
Weighted Average Basic & Diluted Shares Outstanding
239.98M 237.59M 238.30M 118.56M 118.56M 234.69M 117.65M 116.86M 115.91M 115.17M

Annual Cash Flow Statements for Eastman Chemical

This table details how cash moves in and out of Eastman Chemical's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
79 -112 10 35 -22 360 -105 34 55 289
Net Cash From Operating Activities
1,624 1,385 1,657 1,543 1,504 1,455 1,619 975 1,374 1,287
Net Cash From Continuing Operating Activities
1,624 1,385 1,657 1,543 1,504 1,455 1,619 975 1,374 1,287
Net Income / (Loss) Continuing Operations
854 859 1,388 1,084 762 489 867 796 896 908
Consolidated Net Income / (Loss)
854 859 1,388 1,084 762 489 867 796 896 908
Depreciation Expense
571 580 587 604 611 574 538 477 498 509
Non-Cash Adjustments To Reconcile Net Income
76 -138 -67 -21 134 338 279 -175 -209 -1.00
Changes in Operating Assets and Liabilities, net
123 84 -251 -124 -3.00 54 -65 -123 189 -129
Net Cash From Investing Activities
-693 -655 -643 -463 -480 -394 -29 392 -432 -534
Net Cash From Continuing Investing Activities
-693 -655 -643 -463 -480 -394 -29 392 -432 -534
Purchase of Property, Plant & Equipment
-652 -626 -649 -528 -431 -396 -578 -611 -828 -599
Acquisitions
-45 -26 -4.00 -3.00 -48 -1.00 -114 -1.00 -77 0.00
Sale of Property, Plant & Equipment
4.00 41 14 5.00 0.00 0.00 667 998 456 38
Other Investing Activities, net
0.00 -44 -4.00 63 -1.00 3.00 -4.00 6.00 17 27
Net Cash From Financing Activities
-844 -838 -1,006 -1,040 -1,043 -704 -1,690 -1,321 -888 -454
Net Cash From Continuing Financing Activities
-844 -838 -1,006 -1,040 -1,043 -704 -1,690 -1,321 -888 -454
Repayment of Debt
-755 -2,111 -1,044 -1,926 -765 -535 -315 -764 -1,158 -1,012
Repurchase of Common Equity
-103 -145 -350 -400 -325 -60 -1,000 -1,002 -150 -300
Payment of Dividends
-244 -280 -296 -318 -343 -358 -375 -381 -376 -379
Issuance of Debt
250 1,698 684 1,604 390 249 0.00 826 796 1,237
Effect of Exchange Rate Changes
-8.00 -4.00 2.00 -5.00 -3.00 3.00 -5.00 -12 1.00 -10

Quarterly Cash Flow Statements for Eastman Chemical

This table details how cash moves in and out of Eastman Chemical's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
5.00 32 106 -189 29 109 -49 15 108 215
Net Cash From Operating Activities
256 457 -2.00 410 514 452 -16 367 396 540
Net Cash From Continuing Operating Activities
256 457 -2.00 410 514 452 -16 367 396 540
Net Income / (Loss) Continuing Operations
301 2.00 134 272 179 311 165 231 181 331
Consolidated Net Income / (Loss)
301 2.00 134 272 179 311 165 231 181 331
Depreciation Expense
117 117 141 119 120 118 127 126 127 129
Non-Cash Adjustments To Reconcile Net Income
-16 52 -35 55 14 -243 -97 48 59 -11
Changes in Operating Assets and Liabilities, net
-146 286 -242 -36 201 266 -211 -38 29 91
Net Cash From Investing Activities
-158 -206 -252 -246 -182 248 -179 -121 -102 -132
Net Cash From Continuing Investing Activities
-158 -206 -252 -246 -182 248 -179 -121 -102 -132
Purchase of Property, Plant & Equipment
-164 -193 -176 -241 -236 -175 -186 -117 -121 -175
Other Investing Activities, net
6.00 -13 -19 -2.00 30 8.00 7.00 -4.00 19 5.00
Net Cash From Financing Activities
-88 -223 357 -353 -299 -593 148 -227 -194 -181
Net Cash From Continuing Financing Activities
-88 -223 357 -353 -299 -593 148 -227 -194 -181
Repayment of Debt
156 -358 -345 -486 -1.00 -326 -499 -32 -494 13
Repurchase of Common Equity
-150 -100 - - - -100 - - -100 -100
Payment of Dividends
-94 -91 -94 -94 -94 -94 -95 -95 -95 -94
Effect of Exchange Rate Changes
- 4.00 3.00 - -4.00 2.00 - - 8.00 -12

Annual Balance Sheets for Eastman Chemical

This table presents Eastman Chemical's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets
15,580 15,457 10,325 15,995 16,008 16,083 15,519 14,667 14,633 15,213
Total Current Assets
2,878 2,866 191 3,365 3,321 3,541 4,646 3,778 3,481 4,101
Cash & Equivalents
293 181 191 226 204 564 459 493 548 837
Accounts Receivable
1,038 1,211 - 1,483 1,375 1,515 1,580 1,277 1,154 1,172
Inventories, net
1,479 1,404 - 1,583 1,662 1,379 1,504 1,894 1,683 1,988
Other Current Assets
68 70 - 73 80 83 1,103 114 96 104
Plant, Property, & Equipment, net
5,130 5,276 5,607 5,600 5,571 5,549 4,996 5,160 5,548 5,615
Plant, Property & Equipment, gross
11,234 11,699 - 12,731 13,081 13,531 12,680 12,942 13,574 13,985
Accumulated Depreciation
6,104 6,423 - 7,131 7,510 7,982 7,684 7,782 8,026 8,370
Total Noncurrent Assets
7,572 7,315 4,527 7,030 7,116 6,993 5,877 5,729 5,604 5,497
Goodwill
4,518 4,461 4,527 4,467 4,431 4,465 3,641 3,664 3,646 3,632
Intangible Assets
2,650 2,479 - 2,185 2,011 1,792 1,362 1,210 1,138 1,032
Other Noncurrent Operating Assets
404 375 - 378 674 736 874 855 820 833
Total Liabilities & Shareholders' Equity
15,580 15,457 6,593 15,995 16,008 16,083 15,519 14,667 14,633 15,213
Total Liabilities
11,559 10,849 0.00 10,117 9,976 9,975 9,731 9,431 9,103 9,361
Total Current Liabilities
2,056 1,795 0.00 1,851 1,789 2,038 2,971 3,251 2,576 2,708
Short-Term Debt
431 283 - 243 171 349 747 1,126 541 450
Accounts Payable
1,625 1,512 - 1,608 1,618 1,689 2,133 2,125 2,035 2,258
Other Current Nonoperating Liabilities
- - - - - 0.00 91 0.00 0.00 0.00
Total Noncurrent Liabilities
9,503 9,054 0.00 8,266 8,187 7,937 6,760 6,180 6,527 6,653
Long-Term Debt
6,577 6,311 - 5,925 5,611 5,269 4,412 4,025 4,305 4,567
Noncurrent Deferred & Payable Income Tax Liabilities
928 1,206 - 884 915 848 810 671 601 533
Noncurrent Employee Benefit Liabilities
1,297 1,018 - 925 1,016 1,143 811 628 667 630
Other Noncurrent Operating Liabilities
701 519 - 532 645 677 727 856 954 923
Total Equity & Noncontrolling Interests
4,021 4,608 6,593 5,878 6,032 6,108 5,788 5,236 5,530 5,852
Total Preferred & Common Equity
3,941 4,532 6,593 5,803 5,958 6,023 5,704 5,153 5,458 5,779
Total Common Equity
3,941 4,532 6,593 5,803 5,958 6,023 5,704 5,153 5,458 5,779
Common Stock
1,865 1,917 - 2,050 2,107 2,176 2,189 2,317 2,370 2,465
Retained Earnings
5,146 5,721 6,802 7,573 7,965 8,080 8,557 8,973 9,490 10,013
Treasury Stock
-2,680 -2,825 - -3,575 -3,900 -3,960 -4,860 -5,932 -6,083 -6,385
Accumulated Other Comprehensive Income / (Loss)
-390 -281 -209 -245 -214 -273 -182 -205 -319 -314
Noncontrolling Interest
80 76 - 75 74 85 84 83 72 73

Quarterly Balance Sheets for Eastman Chemical

This table presents Eastman Chemical's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Total Assets
14,985 14,667 14,983 14,771 14,594 14,633 14,748 14,945 15,060 15,213
Total Current Assets
4,105 3,778 3,973 3,671 3,567 3,481 3,638 3,842 3,937 4,101
Cash & Equivalents
461 493 599 410 439 548 499 514 622 837
Accounts Receivable
1,594 1,277 1,337 1,205 1,149 1,154 1,274 1,329 1,332 1,172
Inventories, net
1,975 1,894 1,944 1,960 1,721 1,683 1,769 1,900 1,904 1,988
Other Current Assets
75 114 93 96 258 96 96 99 79 104
Plant, Property, & Equipment, net
4,982 5,160 5,258 5,402 5,426 5,548 5,535 5,529 5,589 5,615
Plant, Property & Equipment, gross
12,645 12,942 13,153 13,361 13,382 13,574 13,651 13,717 13,916 13,985
Accumulated Depreciation
7,663 7,782 7,895 7,959 7,956 8,026 8,116 8,188 8,327 8,370
Total Noncurrent Assets
5,898 5,729 5,752 5,698 5,601 5,604 5,575 5,574 5,534 5,497
Goodwill
3,644 3,664 3,703 3,697 3,643 3,646 3,644 3,641 3,655 3,632
Intangible Assets
1,206 1,210 1,203 1,180 1,148 1,138 1,110 1,086 1,072 1,032
Other Noncurrent Operating Assets
1,048 855 846 821 810 820 821 847 807 833
Total Liabilities & Shareholders' Equity
14,985 14,667 14,983 14,771 14,594 14,633 14,748 14,945 15,060 15,213
Total Liabilities
9,518 9,431 9,721 9,419 9,170 9,103 9,140 9,246 9,332 9,361
Total Current Liabilities
3,207 3,251 2,971 2,787 2,615 2,576 2,618 2,741 2,590 2,708
Short-Term Debt
1,086 1,126 1,014 844 640 541 740 697 448 450
Accounts Payable
2,121 2,125 1,957 1,943 1,940 2,035 1,878 2,044 2,142 2,258
Other Current Nonoperating Liabilities
0.00 0.00 0.00 - 35 0.00 - - - 0.00
Total Noncurrent Liabilities
6,311 6,180 6,750 6,632 6,555 6,527 6,522 6,505 6,742 6,653
Long-Term Debt
3,979 4,025 4,636 4,593 4,580 4,305 4,340 4,336 4,606 4,567
Noncurrent Deferred & Payable Income Tax Liabilities
756 671 662 573 549 601 588 576 517 533
Noncurrent Employee Benefit Liabilities
746 628 629 622 611 667 663 655 652 630
Other Noncurrent Operating Liabilities
830 856 823 844 815 954 931 938 967 923
Total Equity & Noncontrolling Interests
5,467 5,236 5,262 5,352 5,424 5,530 5,608 5,699 5,728 5,852
Total Preferred & Common Equity
5,384 5,153 5,188 5,281 5,352 5,458 5,538 5,627 5,654 5,779
Total Common Equity
5,384 5,153 5,188 5,281 5,352 5,458 5,538 5,627 5,654 5,779
Common Stock
2,303 2,317 2,327 2,344 2,354 2,370 2,390 2,419 2,437 2,465
Retained Earnings
9,065 8,973 9,013 9,190 9,274 9,490 9,559 9,694 9,780 10,013
Treasury Stock
-5,832 -5,932 -5,932 -5,982 -5,982 -6,083 -6,083 -6,184 -6,285 -6,385
Accumulated Other Comprehensive Income / (Loss)
-152 -205 -220 -271 -294 -319 -328 -302 -278 -314
Noncontrolling Interest
83 83 74 71 72 72 70 72 74 73

Annual Metrics and Ratios for Eastman Chemical

This table displays calculated financial ratios and metrics derived from Eastman Chemical's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
1.27% -6.63% 6.01% 6.30% -8.65% -8.63% 23.64% 0.99% -12.95% 1.87%
EBITDA Growth
20.65% 0.31% 7.52% 1.84% -19.71% -24.03% 28.97% -6.07% 33.27% -15.83%
EBIT Growth
18.27% -0.22% 10.15% 1.44% -27.84% -33.84% 56.28% -3.63% 45.61% -21.35%
NOPAT Growth
18.14% 8.10% 33.12% -18.81% -22.64% -15.36% 28.17% -8.01% 13.65% 0.30%
Net Income Growth
12.81% 0.59% 61.58% -21.90% -29.70% -35.83% 77.30% -8.19% 12.56% 1.34%
EPS Growth
13.88% 1.59% 64.70% -20.17% -27.51% -36.13% 78.57% 1.60% 17.95% 2.40%
Operating Cash Flow Growth
13.33% -14.72% 19.64% -6.88% -2.53% -3.26% 11.27% -39.78% 40.92% -6.33%
Free Cash Flow Firm Growth
157.57% -31.49% 182.68% -119.34% 349.72% 8.02% 28.87% 1.23% -30.08% -23.42%
Invested Capital Growth
-1.73% 2.65% -8.05% 16.64% -1.78% -3.86% -5.22% -6.48% -0.67% 2.08%
Revenue Q/Q Growth
-1.27% -0.41% 1.86% 0.14% -1.81% -0.22% 5.10% -2.94% -1.77% 0.41%
EBITDA Q/Q Growth
9.85% 3.85% -0.24% -4.60% -4.26% 0.15% 14.52% -25.46% 47.02% 7.65%
EBIT Q/Q Growth
12.62% 5.39% -0.52% -6.62% -6.12% 0.82% 25.87% -32.57% 71.59% 9.98%
NOPAT Q/Q Growth
11.34% 5.61% 25.07% -23.74% -1.04% 16.19% 23.78% -28.17% 33.21% 25.81%
Net Income Q/Q Growth
14.48% -0.81% 36.75% -29.61% -1.04% 1.45% 66.41% -32.20% 52.64% 2.25%
EPS Q/Q Growth
14.11% -0.69% 37.25% -28.95% -1.26% 0.57% 68.01% -29.83% 51.62% 2.68%
Operating Cash Flow Q/Q Growth
5.87% -11.73% 18.27% 6.49% -4.39% -15.41% 1.50% 2.85% -0.36% 7.34%
Free Cash Flow Firm Q/Q Growth
174.60% -21.72% 357.22% -159.84% -10.03% -11.88% 43.03% -29.73% 78.94% -6.75%
Invested Capital Q/Q Growth
-1.75% 0.95% -12.62% -4.89% -4.04% -1.84% -4.48% -1.76% -4.02% -1.26%
Profitability Metrics
- - - - - - - - - -
Gross Margin
26.74% 26.17% 24.75% 24.42% 24.09% 23.31% 23.86% 20.20% 22.38% 24.41%
EBITDA Margin
20.35% 21.86% 22.17% 21.24% 18.67% 15.52% 16.19% 15.06% 23.05% 19.05%
Operating Margin
14.34% 15.34% 14.65% 14.56% 12.08% 10.24% 12.23% 10.95% 14.14% 13.62%
EBIT Margin
14.43% 15.42% 16.02% 15.29% 12.08% 8.75% 11.05% 10.55% 17.64% 13.62%
Profit (Net Income) Margin
8.85% 9.54% 14.54% 10.68% 8.22% 5.77% 8.28% 7.52% 9.73% 9.68%
Tax Burden Percent
75.64% 81.89% 107.68% 82.75% 84.48% 92.26% 80.13% 81.47% 82.43% 84.23%
Interest Burden Percent
81.11% 75.52% 84.25% 84.41% 80.54% 71.53% 93.44% 87.54% 66.89% 84.35%
Effective Tax Rate
24.36% 18.11% -7.68% 17.25% 15.52% 7.74% 19.87% 18.53% 17.57% 15.77%
Return on Invested Capital (ROIC)
9.67% 10.40% 14.24% 11.14% 8.08% 7.03% 9.44% 9.22% 10.88% 10.84%
ROIC Less NNEP Spread (ROIC-NNEP)
6.92% 6.25% 11.86% 8.21% 4.88% 1.17% 6.20% 6.09% 6.93% 6.87%
Return on Net Nonoperating Assets (RNNOA)
12.78% 9.51% 10.54% 6.24% 4.72% 1.02% 5.13% 5.22% 5.76% 5.11%
Return on Equity (ROE)
22.44% 19.91% 24.78% 17.38% 12.80% 8.06% 14.58% 14.44% 16.65% 15.96%
Cash Return on Invested Capital (CROIC)
11.41% 7.78% 22.63% -4.22% 9.87% 10.97% 14.81% 15.92% 11.55% 8.79%
Operating Return on Assets (OROA)
8.80% 8.95% 11.87% 11.79% 7.00% 4.62% 7.33% 7.39% 11.09% 8.56%
Return on Assets (ROA)
5.40% 5.54% 10.77% 8.24% 4.76% 3.05% 5.49% 5.27% 6.12% 6.08%
Return on Common Equity (ROCE)
21.97% 19.55% 24.62% 17.28% 12.64% 7.95% 14.37% 14.22% 16.41% 15.75%
Return on Equity Simple (ROE_SIMPLE)
21.67% 18.95% 21.05% 18.68% 12.79% 8.12% 15.20% 15.45% 16.42% 15.71%
Net Operating Profit after Tax (NOPAT)
1,047 1,132 1,506 1,223 946 801 1,026 944 1,073 1,076
NOPAT Margin
10.85% 12.56% 15.78% 12.05% 10.20% 9.45% 9.80% 8.93% 11.65% 11.47%
Net Nonoperating Expense Percent (NNEP)
2.75% 4.15% 2.38% 2.93% 3.20% 5.87% 3.24% 3.14% 3.96% 3.97%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 9.09% 10.34% 9.90%
Cost of Revenue to Revenue
73.26% 73.83% 75.25% 75.58% 75.91% 76.69% 76.14% 79.80% 77.62% 75.59%
SG&A Expenses to Revenue
7.99% 7.85% 7.63% 7.10% 7.45% 7.72% 7.59% 6.86% 7.89% 7.84%
R&D to Revenue
2.51% 2.48% 2.38% 2.32% 2.52% 2.67% 2.42% 2.50% 2.60% 2.66%
Operating Expenses to Revenue
12.40% 10.82% 10.10% 9.86% 11.98% 13.07% 10.46% 8.84% 11.75% 10.79%
Earnings before Interest and Taxes (EBIT)
1,392 1,389 1,530 1,552 1,120 741 1,158 1,116 1,625 1,278
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,963 1,969 2,117 2,156 1,731 1,315 1,696 1,593 2,123 1,787
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.97 1.94 1.65 1.48 1.56 2.03 2.63 1.76 1.89 1.83
Price to Tangible Book Value (P/TBV)
0.00 0.00 5.26 0.00 0.00 0.00 21.39 32.59 15.28 9.49
Price to Revenue (P/Rev)
0.81 0.98 1.14 0.84 1.00 1.44 1.43 0.86 1.12 1.13
Price to Earnings (P/E)
9.17 10.29 7.85 7.93 12.27 25.59 17.50 11.47 11.52 11.70
Dividend Yield
3.17% 3.16% 2.76% 3.76% 3.68% 2.96% 2.54% 4.05% 3.66% 3.57%
Earnings Yield
10.91% 9.72% 12.74% 12.61% 8.15% 3.91% 5.72% 8.72% 8.68% 8.55%
Enterprise Value to Invested Capital (EV/IC)
1.36 1.39 1.05 1.23 1.29 1.56 1.87 1.40 1.49 1.48
Enterprise Value to Revenue (EV/Rev)
1.51 1.70 1.12 1.44 1.61 2.05 1.89 1.31 1.59 1.58
Enterprise Value to EBITDA (EV/EBITDA)
7.42 7.76 5.04 6.76 8.65 13.21 11.66 8.68 6.91 8.30
Enterprise Value to EBIT (EV/EBIT)
10.47 11.00 6.98 9.40 13.36 23.44 17.08 12.40 9.03 11.61
Enterprise Value to NOPAT (EV/NOPAT)
13.92 13.50 7.09 11.92 15.82 21.69 19.27 14.65 13.67 13.78
Enterprise Value to Operating Cash Flow (EV/OCF)
8.97 11.03 6.44 9.45 9.95 11.94 12.22 14.19 10.68 11.53
Enterprise Value to Free Cash Flow (EV/FCFF)
11.79 18.04 4.46 0.00 12.95 13.91 12.29 8.49 12.88 17.01
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
1.74 1.43 0.00 1.05 0.96 0.92 0.89 0.98 0.88 0.86
Long-Term Debt to Equity
1.64 1.37 0.00 1.01 0.93 0.86 0.76 0.77 0.78 0.78
Financial Leverage
1.85 1.52 0.89 0.76 0.97 0.88 0.83 0.86 0.83 0.74
Leverage Ratio
4.16 3.60 2.30 2.11 2.69 2.64 2.66 2.74 2.72 2.62
Compound Leverage Factor
3.37 2.72 1.94 1.78 2.16 1.89 2.48 2.40 1.82 2.21
Debt to Total Capital
63.54% 58.86% 0.00% 51.20% 48.94% 47.91% 47.13% 49.59% 46.70% 46.16%
Short-Term Debt to Total Capital
3.91% 2.53% 0.00% 2.02% 1.45% 2.98% 6.82% 10.84% 5.21% 4.14%
Long-Term Debt to Total Capital
59.63% 56.34% 0.00% 49.19% 47.49% 44.93% 40.30% 38.75% 41.49% 42.02%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.73% 0.68% 0.00% 0.62% 0.63% 0.72% 0.77% 0.80% 0.69% 0.67%
Common Equity to Total Capital
35.73% 40.46% 100.00% 48.17% 50.43% 51.36% 52.11% 49.61% 52.60% 53.17%
Debt to EBITDA
3.57 3.35 0.00 2.86 3.34 4.27 3.04 3.23 2.28 2.81
Net Debt to EBITDA
3.42 3.26 0.00 2.76 3.22 3.84 2.77 2.92 2.02 2.34
Long-Term Debt to EBITDA
3.35 3.21 0.00 2.75 3.24 4.01 2.60 2.53 2.03 2.56
Debt to NOPAT
6.69 5.83 0.00 5.04 6.11 7.02 5.03 5.45 4.52 4.66
Net Debt to NOPAT
6.41 5.67 0.00 4.86 5.90 6.31 4.58 4.93 4.00 3.88
Long-Term Debt to NOPAT
6.28 5.58 0.00 4.84 5.93 6.58 4.30 4.26 4.01 4.24
Altman Z-Score
1.84 1.97 0.00 2.24 2.18 2.23 2.75 2.45 2.66 2.60
Noncontrolling Interest Sharing Ratio
2.10% 1.81% 0.68% 0.60% 1.25% 1.31% 1.42% 1.51% 1.44% 1.27%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.40 1.60 0.00 1.82 1.86 1.74 1.56 1.16 1.35 1.51
Quick Ratio
0.65 0.78 0.00 0.92 0.88 1.02 0.69 0.54 0.66 0.74
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
1,236 847 2,393 -463 1,156 1,249 1,609 1,629 1,139 872
Operating Cash Flow to CapEx
250.62% 236.75% 260.94% 295.03% 348.96% 367.42% 0.00% 0.00% 369.35% 229.41%
Free Cash Flow to Firm to Interest Expense
4.70 2.49 9.93 -1.91 5.30 5.92 8.09 8.95 5.30 4.36
Operating Cash Flow to Interest Expense
6.17 4.07 6.88 6.38 6.90 6.90 8.14 5.36 6.39 6.44
Operating Cash Flow Less CapEx to Interest Expense
3.71 2.35 4.24 4.21 4.92 5.02 8.58 7.48 4.66 3.63
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.61 0.58 0.74 0.77 0.58 0.53 0.66 0.70 0.63 0.63
Accounts Receivable Turnover
8.62 8.01 0.00 0.00 6.49 5.86 6.77 7.41 7.58 8.07
Inventory Turnover
4.73 4.61 0.00 0.00 4.34 4.27 5.53 4.97 4.00 3.86
Fixed Asset Turnover
1.89 1.73 1.75 1.81 1.66 1.52 1.99 2.08 1.72 1.68
Accounts Payable Turnover
4.22 4.24 0.00 0.00 4.36 3.93 4.17 3.97 3.44 3.30
Days Sales Outstanding (DSO)
42.33 45.56 0.00 0.00 56.25 62.25 53.92 49.28 48.17 45.25
Days Inventory Outstanding (DIO)
77.15 79.11 0.00 0.00 84.13 85.41 65.97 73.45 91.31 94.47
Days Payable Outstanding (DPO)
86.40 86.08 0.00 0.00 83.64 92.88 87.45 92.04 106.20 110.47
Cash Conversion Cycle (CCC)
33.09 38.59 0.00 0.00 56.74 54.78 32.43 30.69 33.29 29.24
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
10,736 11,021 10,134 11,820 11,610 11,162 10,579 9,894 9,828 10,032
Invested Capital Turnover
0.89 0.83 0.90 0.92 0.79 0.74 0.96 1.03 0.93 0.94
Increase / (Decrease) in Invested Capital
-189 285 -887 1,686 -210 -448 -583 -685 -66 204
Enterprise Value (EV)
14,571 15,275 10,677 14,583 14,968 17,369 19,779 13,833 14,671 14,838
Market Capitalization
7,776 8,786 10,868 8,566 9,316 12,230 14,995 9,092 10,301 10,585
Book Value per Share
$26.52 $30.88 $45.87 $41.44 $43.82 $44.46 $42.43 $42.95 $46.03 $49.86
Tangible Book Value per Share
($21.71) ($16.41) $14.37 ($6.06) ($3.56) ($1.73) $5.21 $2.33 $5.68 $9.62
Total Capital
11,029 11,202 6,593 12,046 11,814 11,726 10,947 10,387 10,376 10,869
Total Debt
7,008 6,594 0.00 6,168 5,782 5,618 5,159 5,151 4,846 5,017
Total Long-Term Debt
6,577 6,311 0.00 5,925 5,611 5,269 4,412 4,025 4,305 4,567
Net Debt
6,715 6,413 -191 5,942 5,578 5,054 4,700 4,658 4,298 4,180
Capital Expenditures (CapEx)
648 585 635 523 431 396 -89 -387 372 561
Debt-free, Cash-free Net Working Capital (DFCFNWC)
960 1,173 0.00 1,531 1,499 1,288 1,963 1,160 898 1,006
Debt-free Net Working Capital (DFNWC)
1,253 1,354 191 1,757 1,703 1,852 2,422 1,653 1,446 1,843
Net Working Capital (NWC)
822 1,071 191 1,514 1,532 1,503 1,675 527 905 1,393
Net Nonoperating Expense (NNE)
193 273 118 139 184 312 159 148 177 168
Net Nonoperating Obligations (NNO)
6,715 6,413 3,541 5,942 5,578 5,054 4,791 4,658 4,298 4,180
Total Depreciation and Amortization (D&A)
571 580 587 604 611 574 538 477 498 509
Debt-free, Cash-free Net Working Capital to Revenue
9.95% 13.02% 0.00% 15.08% 16.17% 15.20% 18.74% 10.96% 9.75% 10.72%
Debt-free Net Working Capital to Revenue
12.99% 15.03% 2.00% 17.31% 18.37% 21.86% 23.12% 15.62% 15.70% 19.64%
Net Working Capital to Revenue
8.52% 11.89% 2.00% 14.91% 16.52% 17.74% 15.99% 4.98% 9.83% 14.85%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$5.71 $5.80 $9.56 $7.65 $5.52 $3.53 $6.35 $6.42 $7.54 $7.75
Adjusted Weighted Average Basic Shares Outstanding
147.81M 146.49M 142.97M 139.78M 135.99M 271.72M 257.94M 237.59M 234.69M 115.17M
Adjusted Diluted Earnings per Share
$5.66 $5.75 $9.47 $7.56 $5.48 $3.50 $6.25 $6.35 $7.49 $7.67
Adjusted Weighted Average Diluted Shares Outstanding
147.81M 146.49M 142.97M 139.78M 135.99M 271.72M 257.94M 237.59M 234.69M 115.17M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
147.81M 146.49M 142.97M 139.78M 135.99M 271.72M 257.94M 237.59M 234.69M 115.17M
Normalized Net Operating Profit after Tax (NOPAT)
1,185 1,169 985 1,260 1,053 1,010 1,064 904 1,138 1,059
Normalized NOPAT Margin
12.29% 12.97% 10.31% 12.42% 11.35% 11.92% 10.16% 8.55% 12.35% 11.29%
Pre Tax Income Margin
11.70% 11.65% 13.50% 12.91% 9.73% 6.26% 10.33% 9.23% 11.80% 11.49%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
5.29 4.09 6.35 6.41 5.14 3.51 5.82 6.13 7.56 6.39
NOPAT to Interest Expense
3.98 3.33 6.25 5.05 4.34 3.80 5.16 5.19 4.99 5.38
EBIT Less CapEx to Interest Expense
2.83 2.36 3.71 4.25 3.16 1.64 6.27 8.26 5.83 3.59
NOPAT Less CapEx to Interest Expense
1.52 1.61 3.62 2.89 2.36 1.92 5.61 7.31 3.26 2.58
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
28.57% 32.60% 21.33% 29.34% 45.01% 73.21% 43.25% 47.86% 41.96% 41.74%
Augmented Payout Ratio
40.63% 49.48% 46.54% 66.24% 87.66% 85.48% 158.59% 173.74% 58.71% 74.78%

Quarterly Metrics and Ratios for Eastman Chemical

This table displays calculated financial ratios and metrics derived from Eastman Chemical's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
-0.40% -11.92% -11.13% -16.52% -16.32% -7.00% -4.23% 1.68% 8.69% 1.72%
EBITDA Growth
-11.27% -67.70% -14.76% -19.34% -14.74% 148.95% 0.78% 4.75% 21.28% -19.66%
EBIT Growth
-12.43% -80.26% -26.13% -24.18% -20.99% 290.98% 6.91% 4.33% 28.52% -26.83%
NOPAT Growth
-14.94% -98.04% -28.00% 13.66% -33.65% 3,905.51% 19.34% -16.95% -7.64% 11.43%
Net Income Growth
-14.97% -99.47% -43.22% 5.84% -40.53% 15,450.00% 23.13% -15.07% 1.12% 6.43%
EPS Growth
-4.28% -97.83% -37.78% 11.82% -39.43% 4,250.00% 24.11% -14.54% 2.68% 7.66%
Operating Cash Flow Growth
-53.20% 6.28% -111.76% 67.35% 100.78% -1.09% -700.00% -10.49% -22.96% 19.47%
Free Cash Flow Firm Growth
91.90% -32.45% 37.81% -107.83% -95.46% -40.17% -59.60% 491.53% 377.67% -55.44%
Invested Capital Growth
-9.07% -6.48% -5.83% 4.40% 1.68% -0.67% -1.20% -1.55% -0.78% 2.08%
Revenue Q/Q Growth
-2.69% -12.40% 1.64% -3.65% -2.45% -2.65% 4.67% 2.29% 4.27% -8.89%
EBITDA Q/Q Growth
-19.53% -45.81% 61.92% 14.21% -14.93% 58.24% 11.11% 18.72% -1.51% 4.82%
EBIT Q/Q Growth
-23.94% -62.35% 101.64% 31.30% -20.74% 86.33% 12.88% 28.14% -2.37% 6.08%
NOPAT Q/Q Growth
20.78% -97.49% 1,849.87% 92.21% -29.49% 51.58% 18.93% 33.76% -21.59% 82.89%
Net Income Q/Q Growth
17.12% -99.34% 6,600.00% 102.99% -34.19% 73.74% -46.95% 40.00% -21.65% 82.87%
EPS Q/Q Growth
21.18% -97.56% 1,766.67% 102.68% -34.36% 75.17% -46.74% 39.57% -21.13% 83.66%
Operating Cash Flow Q/Q Growth
4.49% 78.52% -100.44% 20,600.00% 25.37% -12.06% -103.54% 2,393.75% 7.90% 36.36%
Free Cash Flow Firm Q/Q Growth
-4.14% -48.65% 16.61% -113.65% 155.50% 577.40% 38.17% 32.27% -32.29% -36.81%
Invested Capital Q/Q Growth
1.30% -1.76% 4.23% 0.64% -1.34% -4.02% 3.67% 0.28% -0.57% -1.26%
Profitability Metrics
- - - - - - - - - -
Gross Margin
19.97% 15.84% 21.93% 25.13% 21.35% 21.02% 23.03% 25.35% 24.55% 24.68%
EBITDA Margin
16.28% 10.07% 16.04% 19.02% 16.59% 26.96% 16.88% 19.59% 18.51% 21.29%
Operating Margin
11.96% 5.14% 10.20% 13.90% 11.29% 21.61% 11.39% 14.26% 13.35% 15.55%
EBIT Margin
11.96% 5.14% 10.20% 13.90% 11.29% 21.61% 11.39% 14.26% 13.35% 15.55%
Profit (Net Income) Margin
11.11% 0.08% 5.56% 11.70% 7.90% 14.09% 7.14% 9.78% 7.35% 14.74%
Tax Burden Percent
107.12% 7.14% 69.07% 101.12% 89.95% 73.18% 77.10% 80.49% 64.64% 111.45%
Interest Burden Percent
86.73% 22.95% 78.86% 83.28% 77.73% 89.10% 81.37% 85.16% 85.11% 85.10%
Effective Tax Rate
-7.12% 92.86% 30.93% -1.12% 10.05% 26.82% 22.90% 19.51% 35.36% -11.45%
Return on Invested Capital (ROIC)
13.21% 0.38% 6.81% 13.58% 9.38% 14.77% 7.80% 10.20% 7.91% 16.37%
ROIC Less NNEP Spread (ROIC-NNEP)
12.24% 0.24% 6.09% 12.44% 8.29% 13.92% 7.02% 9.35% 7.22% 15.00%
Return on Net Nonoperating Assets (RNNOA)
9.93% 0.20% 5.44% 11.05% 7.17% 11.58% 6.22% 8.08% 5.99% 11.17%
Return on Equity (ROE)
23.14% 0.58% 12.25% 24.63% 16.55% 26.35% 14.02% 18.27% 13.90% 27.54%
Cash Return on Invested Capital (CROIC)
21.93% 15.92% 14.26% 4.87% 6.27% 11.55% 9.99% 9.89% 9.17% 8.79%
Operating Return on Assets (OROA)
8.35% 3.60% 6.81% 9.21% 7.16% 13.59% 6.98% 8.78% 8.41% 9.77%
Return on Assets (ROA)
7.75% 0.06% 3.71% 7.75% 5.01% 8.86% 4.38% 6.02% 4.63% 9.27%
Return on Common Equity (ROCE)
22.80% 0.57% 12.07% 24.28% 16.31% 25.97% 13.83% 18.04% 13.71% 27.19%
Return on Equity Simple (ROE_SIMPLE)
21.81% 0.00% 13.38% 13.43% 10.97% 0.00% 16.74% 15.75% 15.71% 0.00%
Net Operating Profit after Tax (NOPAT)
347 8.71 170 327 230 349 203 271 213 389
NOPAT Margin
12.81% 0.37% 7.04% 14.05% 10.16% 15.82% 8.78% 11.48% 8.63% 17.33%
Net Nonoperating Expense Percent (NNEP)
0.97% 0.14% 0.72% 1.14% 1.09% 0.85% 0.78% 0.84% 0.69% 1.37%
Return On Investment Capital (ROIC_SIMPLE)
- 0.08% - - - 3.36% - - - 3.58%
Cost of Revenue to Revenue
80.03% 84.16% 78.07% 74.87% 78.65% 78.98% 76.97% 74.65% 75.45% 75.32%
SG&A Expenses to Revenue
6.39% 7.25% 7.92% 7.96% 7.06% 8.65% 8.27% 7.62% 7.43% 8.11%
R&D to Revenue
2.51% 2.70% 2.57% 2.58% 2.65% 2.58% 2.55% 2.54% 2.64% 2.94%
Operating Expenses to Revenue
8.01% 8.89% 11.73% 11.23% 10.06% 14.05% 11.65% 11.09% 11.20% 9.13%
Earnings before Interest and Taxes (EBIT)
324 122 246 323 256 477 263 337 329 349
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
441 239 387 442 376 595 390 463 456 478
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.53 1.76 1.86 1.82 1.64 1.89 2.15 2.05 2.31 1.83
Price to Tangible Book Value (P/TBV)
15.44 32.59 34.22 23.81 15.67 15.28 15.16 12.81 14.11 9.49
Price to Revenue (P/Rev)
0.76 0.86 0.94 0.98 0.94 1.12 1.30 1.26 1.40 1.13
Price to Earnings (P/E)
7.05 11.47 13.94 13.59 15.03 11.52 12.85 13.05 14.78 11.70
Dividend Yield
4.53% 4.05% 3.82% 3.88% 4.26% 3.66% 3.19% 3.29% 2.89% 3.57%
Earnings Yield
14.19% 8.72% 7.17% 7.36% 6.65% 8.68% 7.78% 7.66% 6.76% 8.55%
Enterprise Value to Invested Capital (EV/IC)
1.28 1.40 1.43 1.42 1.33 1.49 1.62 1.58 1.73 1.48
Enterprise Value to Revenue (EV/Rev)
1.19 1.31 1.44 1.50 1.46 1.59 1.82 1.76 1.88 1.58
Enterprise Value to EBITDA (EV/EBITDA)
6.05 8.68 9.15 9.75 9.45 6.91 10.61 10.20 10.60 8.30
Enterprise Value to EBIT (EV/EBIT)
7.81 12.40 13.21 14.50 14.41 9.03 15.38 14.80 15.14 11.61
Enterprise Value to NOPAT (EV/NOPAT)
9.84 14.65 16.83 15.79 16.94 13.67 18.37 18.79 20.56 13.78
Enterprise Value to Operating Cash Flow (EV/OCF)
13.64 14.19 15.45 13.13 9.90 10.68 12.16 12.24 14.67 11.53
Enterprise Value to Free Cash Flow (EV/FCFF)
5.58 8.49 9.74 29.73 21.43 12.88 16.14 15.82 18.80 17.01
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.93 0.98 1.07 1.02 0.96 0.88 0.91 0.88 0.88 0.86
Long-Term Debt to Equity
0.73 0.77 0.88 0.86 0.84 0.78 0.77 0.76 0.80 0.78
Financial Leverage
0.81 0.86 0.89 0.89 0.86 0.83 0.89 0.86 0.83 0.74
Leverage Ratio
2.68 2.74 2.74 2.76 2.72 2.72 2.74 2.69 2.66 2.62
Compound Leverage Factor
2.32 0.63 2.16 2.29 2.11 2.42 2.23 2.29 2.26 2.23
Debt to Total Capital
48.09% 49.59% 51.78% 50.39% 49.04% 46.70% 47.53% 46.90% 46.87% 46.16%
Short-Term Debt to Total Capital
10.31% 10.84% 9.29% 7.82% 6.01% 5.21% 6.92% 6.49% 4.16% 4.14%
Long-Term Debt to Total Capital
37.78% 38.75% 42.49% 42.57% 43.03% 41.49% 40.61% 40.40% 42.72% 42.02%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.79% 0.80% 0.68% 0.66% 0.68% 0.69% 0.65% 0.67% 0.69% 0.67%
Common Equity to Total Capital
51.12% 49.61% 47.54% 48.95% 50.28% 52.60% 51.82% 52.43% 52.44% 53.17%
Debt to EBITDA
2.37 3.23 3.50 3.60 3.62 2.28 3.26 3.19 3.04 2.81
Net Debt to EBITDA
2.15 2.92 3.13 3.33 3.31 2.02 2.94 2.86 2.67 2.34
Long-Term Debt to EBITDA
1.86 2.53 2.87 3.04 3.17 2.03 2.78 2.74 2.77 2.56
Debt to NOPAT
3.85 5.45 6.44 5.83 6.48 4.52 5.64 5.87 5.91 4.66
Net Debt to NOPAT
3.50 4.93 5.75 5.39 5.93 4.00 5.09 5.27 5.18 3.88
Long-Term Debt to NOPAT
3.03 4.26 5.28 4.93 5.68 4.01 4.82 5.06 5.38 4.24
Altman Z-Score
2.24 2.23 2.26 2.29 2.24 2.40 2.45 2.43 2.55 2.40
Noncontrolling Interest Sharing Ratio
1.46% 1.51% 1.41% 1.44% 1.42% 1.44% 1.32% 1.29% 1.31% 1.27%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.28 1.16 1.34 1.32 1.36 1.35 1.39 1.40 1.52 1.51
Quick Ratio
0.64 0.54 0.65 0.58 0.61 0.66 0.68 0.67 0.75 0.74
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
1,351 694 809 -110 61 415 327 432 293 185
Operating Cash Flow to CapEx
156.10% 236.79% -1.14% 170.12% 217.80% 258.29% -8.60% 313.68% 327.27% 308.57%
Free Cash Flow to Firm to Interest Expense
31.42 14.45 15.56 -2.04 1.07 7.98 6.67 8.64 5.97 3.56
Operating Cash Flow to Interest Expense
5.95 9.52 -0.04 7.59 9.02 8.69 -0.33 7.34 8.08 10.38
Operating Cash Flow Less CapEx to Interest Expense
2.14 5.50 -3.42 3.13 4.88 5.33 -4.12 5.00 5.61 7.02
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.70 0.70 0.67 0.66 0.63 0.63 0.61 0.62 0.63 0.63
Accounts Receivable Turnover
6.60 7.41 6.89 6.91 6.84 7.58 6.98 7.22 7.53 8.07
Inventory Turnover
4.76 4.97 4.52 4.11 4.01 4.00 3.79 3.66 3.94 3.86
Fixed Asset Turnover
2.15 2.08 2.00 1.90 1.80 1.72 1.69 1.67 1.70 1.68
Accounts Payable Turnover
4.20 3.97 4.07 3.79 3.65 3.44 3.67 3.55 3.50 3.30
Days Sales Outstanding (DSO)
55.26 49.28 53.00 52.79 53.39 48.17 52.32 50.56 48.46 45.25
Days Inventory Outstanding (DIO)
76.67 73.45 80.83 88.72 91.11 91.31 96.20 99.67 92.60 94.47
Days Payable Outstanding (DPO)
87.01 92.04 89.66 96.36 100.11 106.20 99.36 102.95 104.28 110.47
Cash Conversion Cycle (CCC)
44.93 30.69 44.17 45.15 44.39 33.29 49.16 47.28 36.78 29.24
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
10,071 9,894 10,313 10,379 10,240 9,828 10,189 10,218 10,160 10,032
Invested Capital Turnover
1.03 1.03 0.97 0.97 0.92 0.93 0.89 0.89 0.92 0.94
Increase / (Decrease) in Invested Capital
-1,004 -685 -639 437 169 -66 -124 -161 -80 204
Enterprise Value (EV)
12,932 13,833 14,774 14,719 13,646 14,671 16,533 16,117 17,589 14,838
Market Capitalization
8,245 9,092 9,649 9,621 8,793 10,301 11,882 11,526 13,083 10,585
Book Value per Share
$43.84 $42.95 $43.67 $44.32 $45.14 $46.03 $47.07 $47.83 $48.38 $49.86
Tangible Book Value per Share
$4.35 $2.33 $2.37 $3.39 $4.73 $5.68 $6.66 $7.65 $7.93 $9.62
Total Capital
10,532 10,387 10,912 10,789 10,644 10,376 10,688 10,732 10,782 10,869
Total Debt
5,065 5,151 5,650 5,437 5,220 4,846 5,080 5,033 5,054 5,017
Total Long-Term Debt
3,979 4,025 4,636 4,593 4,580 4,305 4,340 4,336 4,606 4,567
Net Debt
4,604 4,658 5,051 5,027 4,781 4,298 4,581 4,519 4,432 4,180
Capital Expenditures (CapEx)
164 193 176 241 236 175 186 117 121 175
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,523 1,160 1,417 1,318 1,153 898 1,261 1,284 1,173 1,006
Debt-free Net Working Capital (DFNWC)
1,984 1,653 2,016 1,728 1,592 1,446 1,760 1,798 1,795 1,843
Net Working Capital (NWC)
898 527 1,002 884 952 905 1,020 1,101 1,347 1,393
Net Nonoperating Expense (NNE)
46 6.71 36 55 51 38 38 40 32 58
Net Nonoperating Obligations (NNO)
4,604 4,658 5,051 5,027 4,816 4,298 4,581 4,519 4,432 4,180
Total Depreciation and Amortization (D&A)
117 117 141 119 120 118 127 126 127 129
Debt-free, Cash-free Net Working Capital to Revenue
13.97% 10.96% 13.79% 13.42% 12.30% 9.75% 13.85% 14.04% 12.55% 10.72%
Debt-free Net Working Capital to Revenue
18.20% 15.62% 19.61% 17.60% 16.98% 15.70% 19.32% 19.66% 19.21% 19.64%
Net Working Capital to Revenue
8.24% 4.98% 9.75% 9.00% 10.15% 9.83% 11.20% 12.04% 14.42% 14.85%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$2.48 $0.07 $1.13 $2.28 $1.50 $2.63 $1.40 $1.96 $1.55 $2.84
Adjusted Weighted Average Basic Shares Outstanding
239.98M 237.59M 238.30M 118.56M 118.56M 234.69M 117.65M 116.86M 115.91M 115.17M
Adjusted Diluted Earnings per Share
$2.46 $0.06 $1.12 $2.27 $1.49 $2.61 $1.39 $1.94 $1.53 $2.81
Adjusted Weighted Average Diluted Shares Outstanding
239.98M 237.59M 238.30M 118.56M 118.56M 234.69M 117.65M 116.86M 115.91M 115.17M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
239.98M 237.59M 238.30M 118.56M 118.56M 234.69M 117.65M 116.86M 115.91M 115.17M
Normalized Net Operating Profit after Tax (NOPAT)
209 83 183 224 228 396 207 268 229 211
Normalized NOPAT Margin
7.73% 3.48% 7.59% 9.64% 10.08% 17.94% 8.98% 11.34% 9.29% 9.39%
Pre Tax Income Margin
10.37% 1.18% 8.04% 11.57% 8.78% 19.26% 9.26% 12.15% 11.36% 13.23%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
7.53 2.54 4.73 5.98 4.49 9.17 5.37 6.74 6.71 6.71
NOPAT to Interest Expense
8.07 0.18 3.27 6.05 4.04 6.71 4.14 5.42 4.34 7.48
EBIT Less CapEx to Interest Expense
3.72 -1.48 1.35 1.52 0.35 5.81 1.57 4.40 4.24 3.35
NOPAT Less CapEx to Interest Expense
4.26 -3.84 -0.12 1.59 -0.10 3.35 0.34 3.08 1.87 4.11
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
32.62% 47.86% 54.32% 52.61% 63.54% 41.96% 40.67% 42.66% 42.68% 41.74%
Augmented Payout Ratio
169.93% 173.74% 54.32% 94.92% 89.10% 58.71% 40.67% 65.24% 76.46% 74.78%

Frequently Asked Questions About Eastman Chemical's Financials

When does Eastman Chemical's fiscal year end?

According to the most recent income statement we have on file, Eastman Chemical's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Eastman Chemical's net income changed over the last 9 years?

Eastman Chemical's net income appears to be on a downward trend, with a most recent value of $908 million in 2024, rising from $854 million in 2015. The previous period was $896 million in 2023.

What is Eastman Chemical's operating income?
Eastman Chemical's total operating income in 2024 was $1.28 billion, based on the following breakdown:
  • Total Gross Profit: $2.29 billion
  • Total Operating Expenses: $1.01 billion
How has Eastman Chemical revenue changed over the last 9 years?

Over the last 9 years, Eastman Chemical's total revenue changed from $9.65 billion in 2015 to $9.38 billion in 2024, a change of -2.8%.

How much debt does Eastman Chemical have?

Eastman Chemical's total liabilities were at $9.36 billion at the end of 2024, a 2.8% increase from 2023, and a 19.0% decrease since 2015.

How much cash does Eastman Chemical have?

In the past 9 years, Eastman Chemical's cash and equivalents has ranged from $181 million in 2016 to $837 million in 2024, and is currently $837 million as of their latest financial filing in 2024.

How has Eastman Chemical's book value per share changed over the last 9 years?

Over the last 9 years, Eastman Chemical's book value per share changed from 26.52 in 2015 to 49.86 in 2024, a change of 88.0%.



This page (NYSE:EMN) was last updated on 4/25/2025 by MarketBeat.com Staff
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