Eastman Chemical Company (EMN) Income Statement
EMN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsEMN revenue and net income
Where EMN's revenue goes
2025Each bar shows an amount and its share of revenue. EMN kept 5.4% of revenue as net income.
EMN profit margins
EMN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −6.7% | −6.0% | +0.7% | −0.9% |
| Gross profit | −19.5% | −3.6% | −1.7% | −3.8% |
| Operating income | −32.3% | −4.9% | −3.7% | −6.0% |
| Net income | −47.6% | −15.8% | −0.2% | −5.7% |
| EPS (diluted) | −31.6% | −11.6% | −2.5% | −2.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EMN quarterly EPS vs estimates
Eastman Chemical beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 29, 2026 (estimate $1.94).
EMN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.75B | $9.38B | $9.21B | $10.54B | $10.48B | $8.46B | $9.25B | $10.12B | $9.51B | $8.95B |
| Cost of revenue | $6.91B | $7.09B | $7.15B | $8.48B | $7.96B | $6.46B | $7.00B | $7.69B | $7.03B | $6.49B |
| Gross profit | $1.84B | $2.29B | $2.06B | $2.06B | $2.52B | $2.00B | $2.25B | $2.43B | $2.48B | $2.46B |
| Research & development | $255.0M | $250.0M | $239.0M | $264.0M | $254.0M | $226.0M | $234.0M | $235.0M | $214.0M | $217.0M |
| Sales, general & admin | $658.0M | $664.0M | $768.0M | $726.0M | $795.0M | $654.0M | $691.0M | $721.0M | $702.0M | $707.0M |
| Total operating expenses | $913.0M | $914.0M | $966.0M | $972.0M | $1.05B | $880.0M | $925.0M | $956.0M | $956.0M | $913.0M |
| Operating income | $931.0M | $1.38B | $1.10B | $1.08B | $1.47B | $1.12B | $1.32B | $1.47B | $1.53B | $1.54B |
| Interest income | $208.0M | $16.0M | $10.0M | $182.0M | $198.0M | $210.0M | $3.0M | $3.0M | $3.0M | $26.0M |
| Interest expense | $208.0M | $216.0M | $240.0M | $188.0M | $192.0M | $205.0M | $221.0M | $238.0M | $244.0M | $258.0M |
| Income before taxes | $568.0M | $1.08B | $1.09B | $977.0M | $1.08B | $530.0M | $902.0M | $1.31B | $1.30B | $1.07B |
| Income taxes | $93.0M | $170.0M | $191.0M | $181.0M | $215.0M | $41.0M | $140.0M | $226.0M | −$177.0M | $199.0M |
| Net income | $474.0M | $905.0M | $894.0M | $793.0M | $857.0M | $478.0M | $759.0M | $1.08B | $1.47B | $866.0M |
| EBITDA | $1.29B | $1.80B | $1.59B | $1.64B | $1.81B | $1.31B | $1.73B | $2.15B | $2.12B | $1.91B |
| EPS (diluted) | $5.40 | $7.89 | $6.40 | $7.83 | $8.86 | $6.14 | $7.12 | $8.18 | $7.62 | $6.76 |
| Gross margin | 21.1% | 24.4% | 22.4% | 19.5% | 24.0% | 23.7% | 24.3% | 24.0% | 26.1% | 27.4% |
| Operating margin | 10.6% | 14.7% | 11.9% | 10.3% | 14.0% | 13.3% | 14.3% | 14.6% | 16.1% | 17.2% |
| Net margin | 5.4% | 9.6% | 9.7% | 7.5% | 8.2% | 5.6% | 8.2% | 10.7% | 15.5% | 9.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.51B | $2.18B | $1.97B | $2.20B | $2.29B | $2.29B | $2.25B | $2.46B | $2.36B | $2.31B | $2.21B | $2.26B |
| Cost of revenue | $1.95B | $1.75B | $1.64B | $1.77B | $1.78B | $1.72B | $1.69B | $1.86B | $1.76B | $1.78B | $1.76B | $1.78B |
| Gross profit | $560.0M | $431.0M | $338.0M | $433.0M | $506.0M | $567.0M | $554.0M | $605.0M | $599.0M | $532.0M | $449.0M | $481.0M |
| Research & development | $65.0M | $60.0M | $58.0M | $63.0M | $67.0M | $67.0M | $66.0M | $65.0M | $60.0M | $59.0M | $57.0M | $60.0M |
| Sales, general & admin | — | $178.0M | $159.0M | $160.0M | $155.0M | $182.0M | $119.0M | $183.0M | $180.0M | $191.0M | $185.0M | $216.0M |
| Total operating expenses | $250.0M | $238.0M | $217.0M | $223.0M | $222.0M | $249.0M | $176.0M | $248.0M | $236.0M | $250.0M | $248.0M | $220.0M |
| Operating income | $310.0M | $193.0M | $121.0M | $210.0M | $284.0M | $318.0M | $378.0M | $357.0M | $363.0M | $282.0M | $201.0M | $261.0M |
| Interest income | — | $2.0M | $52.0M | $2.0M | $53.0M | $4.0M | $4.0M | $4.0M | $4.0M | $4.0M | $2.0M | $57.0M |
| Interest expense | $56.0M | $49.0M | $52.0M | $56.0M | $56.0M | $53.0M | $56.0M | $53.0M | $54.0M | $53.0M | $54.0M | $59.0M |
| Income before taxes | $256.0M | $136.0M | $12.0M | $134.0M | $169.0M | $253.0M | $297.0M | $280.0M | $287.0M | $214.0M | $425.0M | $199.0M |
| Income taxes | $72.0M | $29.0M | −$93.0M | $87.0M | $29.0M | $70.0M | −$34.0M | $99.0M | $56.0M | $49.0M | $114.0M | $20.0M |
| Net income | $183.0M | $107.0M | $105.0M | $47.0M | $140.0M | $182.0M | $330.0M | $180.0M | $230.0M | $165.0M | $310.0M | $178.0M |
| EBITDA | $442.0M | $316.0M | $195.0M | $319.0M | $352.0M | $432.0M | $482.0M | $460.0M | $467.0M | $394.0M | $596.0M | $378.0M |
| EPS (diluted) | $1.97 | $1.09 | $0.75 | $1.14 | $1.60 | $1.91 | $1.87 | $2.26 | $2.15 | $1.61 | $1.31 | $1.47 |
| Gross margin | 22.3% | 19.8% | 17.1% | 19.7% | 22.1% | 24.8% | 24.7% | 24.6% | 25.3% | 23.0% | 20.4% | 21.2% |
| Operating margin | 12.3% | 8.9% | 6.1% | 9.5% | 12.4% | 13.9% | 16.8% | 14.5% | 15.4% | 12.2% | 9.1% | 11.5% |
| Net margin | 7.3% | 4.9% | 5.3% | 2.1% | 6.1% | 7.9% | 14.7% | 7.3% | 9.7% | 7.1% | 14.1% | 7.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EMN's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EMN financial results
In fiscal year 2025 (ended December 31, 2025), Eastman Chemical reported revenue of $8.8 billion, down 6.7% from the year before. It had net income of $474.0 million (down 47.6%), a net profit margin of 5.4%. Diluted earnings per share came to $5.40. Over five years revenue grew at an average rate of 0.7% a year.
See the EMN stock overview for the latest quote and news, or the EMN chart for price history and technical indicators.
EMN income statement FAQ
What is Eastman Chemical's annual revenue?
Eastman Chemical reported total revenue of $8.8 billion for fiscal year 2025, which ended on December 31, 2025. That was down 6.7% from $9.4 billion the previous year.
Is Eastman Chemical profitable?
Yes. Eastman Chemical reported net income of $474.0 million in fiscal 2025, a net profit margin of 5.4%; its operating margin was 10.6%.
What is Eastman Chemical's gross margin?
Eastman Chemical's gross margin was 21.1% in fiscal 2025: for every $100 of revenue, Eastman Chemical kept $21 after the direct cost of its products and services.
How much does Eastman Chemical spend on research and development?
Eastman Chemical spent $255.0 million on research and development in fiscal 2025, 2.9% of revenue.
How fast is Eastman Chemical growing?
Revenue grew 0.7% a year on average over the last five fiscal years, from $8.5 billion to $8.8 billion.
What are Eastman Chemical's earnings per share?
Eastman Chemical earned $5.40 per diluted share in fiscal 2025, compared with $7.89 a year earlier.
When will Eastman Chemical report its next earnings?
Eastman Chemical is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Eastman Chemical's fiscal year end?
Eastman Chemical's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.