Eastman Chemical Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	8,752	9,382	9,210	10,580	10,476
Revenue Growth (YoY)	-6.71%	1.87%	-12.95%	0.99%	23.64%
Cost of Revenue	6,906	7,085	7,134	8,443	7,972
Gross Profit	1,846	2,297	2,076	2,137	2,504
Selling, General & Admin	633	664	768	625	383
Research & Development	255	250	239	264	254
Operating Expenses	888	914	1,007	889	637
Operating Income	958	1,383	1,069	1,248	1,867
Interest Expense	-208	-216	-225	-182	-198
Interest & Investment Income	-	16	10	-	-
Earnings From Equity Investments	-	-	10	19	16
Currency Exchange Gain (Loss)	-	-11	-11	-16	-10
Other Non Operating Income (Expenses)	-84	-36	-37	-3	11
EBT Excluding Unusual Items	666	1,136	816	1,066	1,686
Merger & Restructuring Charges	-92	-58	-60	-52	-48
Gain (Loss) on Sale of Assets	-	-	323	-43	-552
Asset Writedown	-6	-	-	-	-3
Other Unusual Items	-	-	-	6	-1
Pretax Income	568	1,078	1,087	977	1,082
Income Tax Expense	93	170	191	181	215
Earnings From Continuing Operations	475	908	896	796	867
Minority Interest in Earnings	-1	-3	-2	-3	-10
Net Income	474	905	894	793	857
Net Income to Common	474	905	894	793	857
Net Income Growth	-47.62%	1.23%	12.74%	-7.47%	79.29%
Shares Outstanding (Basic)	115	117	119	124	135
Shares Outstanding (Diluted)	116	118	119	125	137
Shares Change (YoY)	-1.95%	-1.26%	-4.40%	-8.90%	0.44%
EPS (Basic)	4.13	7.75	7.54	6.42	6.35
EPS (Diluted)	4.10	7.67	7.49	6.35	6.25
EPS Growth	-46.54%	2.40%	17.95%	1.60%	78.57%
Free Cash Flow	424	688	546	364	1,064
Free Cash Flow Per Share	3.67	5.83	4.57	2.91	7.76
Dividend Per Share	3.330	3.260	3.180	3.070	2.830
Dividend Growth	2.15%	2.52%	3.58%	8.48%	5.99%
Gross Margin	21.09%	24.48%	22.54%	20.20%	23.90%
Operating Margin	10.95%	14.74%	11.61%	11.80%	17.82%
Profit Margin	5.42%	9.65%	9.71%	7.50%	8.18%
Free Cash Flow Margin	4.84%	7.33%	5.93%	3.44%	10.16%
EBITDA	1,471	1,892	1,544	1,725	2,405
EBITDA Margin	16.81%	20.17%	16.76%	16.30%	22.96%
D&A For EBITDA	513	509	475	477	538
EBIT	958	1,383	1,069	1,248	1,867
EBIT Margin	10.95%	14.74%	11.61%	11.80%	17.82%
Effective Tax Rate	16.37%	15.77%	17.57%	18.53%	19.87%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.