Stocks · Basic Materials · Chemicals - Specialty
Eastman Chemical Company EMN
$64.87 +1.28% Close, Oct 2, 2026 · NYSE · Market cap $7.42B
Inexpensive vs sector
Next earnings report: Nov 2, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $3.85, down 45.9% year over year.
- Net debt is 3.6× EBITDA, a high level of leverage.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
PromtFinance scores
Each score is a percentile within the Basic Materials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 16%
- EPS growth (TTM, YoY)Bottom 27%
- FCF growth (TTM, YoY)Top 27%
- Revenue growth, 3-year CAGRBottom 28%
- Revenue growth accelerationTop 35%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 50%
- Gross marginBottom 37%
- Operating marginTop 47%
- Cash conversion (OCF / net income)Top 25%
- Accruals (lower is better)Bottom 34%
- Net debt / EBITDA (lower is better)Bottom 24%
- Interest coverBottom 46%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 18%
- Free-cash-flow yieldTop 20%
- EBITDA / enterprise valueTop 22%
- Sales / enterprise valueTop 34%
- P/E vs own 5-year history (lower is better)Bottom 37%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 45%
- 6-month returnBottom 36%
- 1-year return vs S&P 500Top 47%
- Distance from 52-week highTop 36%
- Trend checklist (0–4)Bottom 26%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 44%
- Consecutive EPS beatsTop 32%
- Share of analysts rating BuyTop 49%
- Upside to consensus price targetBottom 37%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 8%
- Maximum drawdown, 3 yearsTop 48%
- Beta vs S&P 500 (lower is better)Bottom 48%
- Net debt / EBITDA (lower is better)Bottom 24%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -7.7% | -4.5% | ↑ |
| EPS growth (YoY) | -56.0% | -45.9% | ↑ |
| Gross margin | 24.0% | 19.9% | ↓ |
| Operating margin | 14.4% | 9.4% | ↓ |
| FCF margin | 4.4% | 6.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -4.5% | -7.7% | ↑ | Bottom 16% |
| EPS growth (TTM, YoY) | -45.9% | -56.0% | ↑ | Bottom 27% |
| Gross margin | 19.9% | 24.0% | ↓ | Bottom 37% |
| Operating margin | 9.4% | 14.4% | ↓ | Top 47% |
| Net margin | 5.0% | 9.0% | ↓ | — |
| Free-cash-flow margin | 6.1% | 4.4% | ↑ | — |
| Return on invested capital | 5.1% | — | Top 50% | |
| Revenue growth, 3-year CAGR | -6.0% | — | Bottom 28% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.24×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.6%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- -0.6%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +6.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 3.56×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 3.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 5.15%
- Net buyback yield (TTM)
- 0.67%
- Shareholder yield
- 5.82%
- Share count change, 1 year
- -0.8%
- Share count change, 3-year CAGR
- -1.2%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 31, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- +2.0%
- Average 2-day reaction, last 8
- +0.8%
- Positive 20 days after report
- 6 of 8
Analysts
- Consensus price target
- $80.88
- Target vs current price
- +24.7%
- Analysts with a rating
- 35
- Share rating Buy or Strong Buy
- 57%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | +8.2% | +4.1% | +9.0% | +8.4% | — |
| Apr 30, 2026 | +2.8% | +3.8% | +7.6% | +8.4% | -3.9% |
| Jan 29, 2026 | -1.3% | -0.1% | +13.7% | +9.0% | +4.3% |
| Nov 3, 2025 | -1.7% | -2.7% | +2.9% | +4.1% | +15.9% |
| Jul 31, 2025 | -7.0% | -1.1% | -17.0% | -6.3% | -14.1% |
| Apr 24, 2025 | +1.1% | +2.5% | -2.3% | +3.3% | -1.7% |
| Jan 30, 2025 | +16.9% | -0.0% | +9.8% | +4.5% | -18.2% |
| Oct 31, 2024 | +5.6% | +0.1% | -1.2% | -0.7% | -11.7% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 30, 2026 | $1.97 | $1.82 | +8.2% | $2.51B |
| Apr 30, 2026 | $1.09 | $1.06 | +2.8% | $2.18B |
| Jan 29, 2026 | $0.75 | $0.76 | -1.3% | $1.97B |
| Nov 3, 2025 | $1.14 | $1.16 | -1.7% | $2.20B |
| Jul 31, 2025 | $1.60 | $1.72 | -7.0% | $2.29B |
| Apr 24, 2025 | $1.91 | $1.89 | +1.1% | $2.29B |
| Jan 30, 2025 | $1.87 | $1.60 | +16.9% | $2.25B |
| Oct 31, 2024 | $2.26 | $2.14 | +5.6% | $2.46B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 16.8× | 14.2× | 67th | Top 18% |
| P/E (forward) | 10.2× | — | — | — |
| EV / EBITDA | 9.4× | — | — | Top 22% |
| EV / Sales | 1.35× | — | — | Top 34% |
| Free-cash-flow yield | 7.27% | — | — | Top 20% |
| Earnings yield | 5.93% | — | — | Top 18% |
P/E over the past five years
Range 8.3× – 48.0× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +4.7%
- Earnings per share growth (TTM)
- -45.9%
- Change in P/E multiple
- +120.0%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -0.9%
- 200-day average slope (20 days)
- +0.8%
- Distance from 50-day average
- -7.3%
- Distance from 200-day average
- -8.8%
- RSI (14)
- 38.1
- Relative volume
- 0.95×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 25.1%
- Volatility vs own 5-year history
- 23th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.03
- Correlation with S&P 500
- 0.45
- Current drawdown from 1-year high
- -20.3%
- Maximum drawdown, 3 years
- -50.5%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 1, 2021 | Nov 20, 2025 | -56.6% | 1125 days | Not yet recovered |
| Jan 12, 2021 | Jan 29, 2021 | -10.6% | 12 days | 11 days (Feb 16, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $7.42B
- P/E (TTM)
- 16.8
- EPS, diluted (TTM)
- $3.85
- Revenue (TTM)
- $8.87B
- Dividend yield
- 5.18%
- 52-week range
- $56.11 – $83.47
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $10.48B | $10.54B | $9.20B | $9.38B | $8.75B |
| Gross profit | $2.52B | $2.06B | $2.06B | $2.29B | $1.84B |
| Operating income | $1.47B | $1.08B | $1.10B | $1.38B | $931.0M |
| Net income | $857.0M | $793.0M | $894.0M | $905.0M | $474.0M |
| EPS (diluted) | $6.25 | $6.35 | $7.49 | $7.67 | $4.10 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.46B | $2.25B | $2.29B | $2.29B | $2.20B | $1.97B | $2.18B | $2.51B |
| Net income | $180.0M | $330.0M | $182.0M | $140.0M | $47.0M | $105.0M | $107.0M | $183.0M |
| EPS (diluted) | $1.53 | $2.82 | $1.57 | $1.20 | $0.41 | $0.92 | $0.93 | $1.59 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.62B | $975.0M | $1.37B | $1.29B | $970.0M |
| Capital expenditure | -$578.0M | -$611.0M | -$828.0M | -$599.0M | -$546.0M |
| Free cash flow | $1.04B | $364.0M | $546.0M | $688.0M | $424.0M |
| Dividends paid | -$375.0M | -$381.0M | -$376.0M | -$379.0M | -$381.0M |
| Net share buybacks | -$1.00B | -$1.00B | -$150.0M | -$300.0M | -$100.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $691.0M
- Total assets
- $15.42B
- Total liabilities
- $9.25B
- Total debt
- $5.22B
- Net debt
- $4.53B
- Shareholders’ equity
- $6.10B
As of Jun 30, 2026 (filed Jul 31, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 15, 2026 | $0.84 | Oct 7, 2026 |
| Jun 15, 2026 | $0.84 | Jul 8, 2026 |
| Mar 13, 2026 | $0.84 | Apr 8, 2026 |
| Dec 15, 2025 | $0.84 | Jan 8, 2026 |
| Sep 15, 2025 | $0.83 | Oct 7, 2025 |
| Jun 13, 2025 | $0.83 | Jul 8, 2025 |
| Mar 14, 2025 | $0.83 | Apr 7, 2025 |
| Dec 16, 2024 | $0.83 | Jan 8, 2025 |
Short interest
- Shares sold short
- 5,769,526
- Days to cover
- 5.42
- Change vs previous report
- +7.0%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Oct 4, 2011
- 2-for-1