Eastman Chemical Company (EMN)

Eastman Chemical Company Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	9,024	9,382	9,210	10,580	10,476	8,473
Revenue Growth (YoY)	-3.43%	1.87%	-12.95%	0.99%	23.64%	-8.63%
Cost of Revenue	6,962	7,085	7,134	8,443	7,972	6,490
Gross Profit	2,062	2,297	2,076	2,137	2,504	1,983
Selling, General & Admin	619	664	768	625	383	773
Research & Development	263	250	239	264	254	226
Operating Expenses	882	914	1,007	889	637	999
Operating Income	1,180	1,383	1,069	1,248	1,867	984
Interest Expense	-221	-216	-225	-182	-198	-210
Interest & Investment Income	13	16	10	-	-	-
Earnings From Equity Investments	-6	-	10	19	16	15
Currency Exchange Gain (Loss)	-5	-11	-11	-16	-10	-16
Other Non Operating Income (Expenses)	-54	-36	-37	-3	11	-7
EBT Excluding Unusual Items	907	1,136	816	1,066	1,686	766
Merger & Restructuring Charges	-59	-58	-60	-52	-48	-110
Gain (Loss) on Sale of Assets	-	-	323	-43	-552	-
Asset Writedown	5	-	-	-	-3	-125
Other Unusual Items	-	-	-	6	-1	-1
Pretax Income	853	1,078	1,087	977	1,082	530
Income Tax Expense	152	170	191	181	215	41
Earnings From Continuing Operations	701	908	896	796	867	489
Net Income to Company	701	908	896	796	867	489
Minority Interest in Earnings	-2	-3	-2	-3	-10	-11
Net Income	699	905	894	793	857	478
Net Income to Common	699	905	894	793	857	478
Net Income Growth	-21.02%	1.23%	12.74%	-7.47%	79.29%	-37.02%
Shares Outstanding (Basic)	115	117	119	124	135	136
Shares Outstanding (Diluted)	116	118	119	125	137	137
Shares Change (YoY)	-1.96%	-1.26%	-4.40%	-8.90%	0.44%	-1.44%
EPS (Basic)	6.07	7.75	7.54	6.42	6.35	3.53
EPS (Diluted)	6.01	7.67	7.49	6.35	6.25	3.50
EPS Growth	-19.51%	2.40%	17.95%	1.60%	78.57%	-36.13%
Free Cash Flow	395	688	546	364	1,064	1,072
Free Cash Flow Per Share	3.40	5.83	4.57	2.91	7.76	7.85
Dividend Per Share	3.320	3.260	3.180	3.070	2.830	2.670
Dividend Growth	2.47%	2.52%	3.58%	8.48%	5.99%	5.95%
Gross Margin	22.85%	24.48%	22.54%	20.20%	23.90%	23.40%
Operating Margin	13.08%	14.74%	11.61%	11.80%	17.82%	11.61%
Profit Margin	7.75%	9.65%	9.71%	7.50%	8.18%	5.64%
Free Cash Flow Margin	4.38%	7.33%	5.93%	3.44%	10.16%	12.65%
EBITDA	1,691	1,892	1,544	1,725	2,405	1,558
EBITDA Margin	18.74%	20.17%	16.76%	16.30%	22.96%	18.39%
D&A For EBITDA	511	509	475	477	538	574
EBIT	1,180	1,383	1,069	1,248	1,867	984
EBIT Margin	13.08%	14.74%	11.61%	11.80%	17.82%	11.61%
Effective Tax Rate	17.82%	15.77%	17.57%	18.53%	19.87%	7.74%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q