TORVANTA
Materials · S&P 500 · data as of 2026-10-05

EMN stock analysis: Eastman Chemical

Eastman Chemical (EMN) is an S&P 500 company in Materials. It grades weakest on profitability and growth.

The model's view of EMN · subscribers

Where EMN ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with EMN · updated 2026-10-05 · from prices and SEC filings

EMN price performance

EMN against the S&P 500, one year
+0%+20%S&P 500 +18%EMN +9%2025-09-292026-10-05
Year to date+5.5%S&P 500 +14.5% · behind by 9.1 pts
1 year+6.5%S&P 500 +17.0% · behind by 10.5 pts
3 years-0.2%S&P 500 +89.3% · behind by 89.4 pts
5 years-24.8%S&P 500 +91.3% · behind by 116.1 pts

Total returns with dividends reinvested.

EMN factor grades

Each grade compares EMN with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

BValueP/E 16.9x (industry 16.9x)FCF yield 7.3% (industry 8.9%)
D+GrowthRevenue growth -5% (industry +2%)EPS growth -46% (industry +2%)
C-Profitability
CMomentum12-month change +7%From 52-wk high -17%

EMN in plain numbers

EMN key statistics

SectorMaterials
Industryn/a
IndexS&P 500
Market value$7.4B
Revenue growth (y/y)-5%
Free-cash-flow yield7.3%
Dividend yield5.2%
Next earnings (expected)2026-11-02
Valuation measures
Market value$7.4B
Enterprise value$12.0B
P/E (trailing)16.9x
Forward P/E (Torvanta estimate)17.7x
Price / sales0.8x
Price / book1.2x
EV / revenue1.3x
Financial highlights
Revenue, last 12 months$8.9B
Net income, last 12 months$442.0M
EPS, last 12 months (GAAP)$3.84
Gross margin19.9%
Net margin5.0%
Return on equity7.4%
Cash$691.0M
Total debt$5.2B
Debt / equity0.86x
Free cash flow, last 12 months$539.0M
Current ratio1.50x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

EMN earnings trends

Revenue vs earnings
$0$628.2M$1.3B$1.9B$2.5BSep 2024 Revenue: $2.5BDec 2024 Revenue: $2.2BMar 2025 Revenue: $2.3BJun 2025 Revenue: $2.3BSep 2025 Revenue: $2.2BDec 2025 Revenue: $2.0BMar 2026 Revenue: $2.2BJun 2026 Revenue: $2.5BSep 2024 Net income: $180.0MDec 2024 Net income: $330.0MMar 2025 Net income: $182.0MJun 2025 Net income: $140.0MSep 2025 Net income: $47.0MDec 2025 Net income: $105.0MMar 2026 Net income: $107.0MJun 2026 Net income: $183.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 7.3%Net margin: 14.7%Net margin: 7.9%Net margin: 6.1%Net margin: 2.1%Net margin: 5.3%Net margin: 4.9%Net margin: 7.3%0%7%15%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.7$1.4$2.1$2.8Sep 2024 EPS (GAAP, diluted): $1.5Dec 2024 EPS (GAAP, diluted): $2.8Mar 2025 EPS (GAAP, diluted): $1.6Jun 2025 EPS (GAAP, diluted): $1.2Sep 2025 EPS (GAAP, diluted): $0.4Dec 2025 EPS (GAAP, diluted): $0.9Mar 2026 EPS (GAAP, diluted): $0.9Jun 2026 EPS (GAAP, diluted): $1.6Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -74% · Dec 2025 -67% · Mar 2026 -41% · Jun 2026 +32%

From the company's 10-Q and 10-K filings with the SEC.

Eastman Chemical financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$10.5B$10.6B$9.2B$9.4B$8.8B
Net income$857.0M$793.0M$894.0M$905.0M$474.0M
EPS (GAAP)$6.30$6.38$7.48$7.67$4.09
Free cash flow$1.1B$364.0M$546.0M$688.0M$424.0M

EMN earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-30$1.59+32%+10%+1.6%
2026-04-30$0.93-41%-5%+8.8%
2026-01-29$0.92-67%-12%+0.9%
2025-11-03$0.40-74%-11%+3.0%
2025-07-31$1.20-38%-3%-17.9%
2025-04-24$1.57+13%-1%-6.7%

About Eastman Chemical

HeadquartersKingsport, TN
Industry (SEC code)Plastic Materials, Synth Resins & Nonvulcan Elastomers
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE

From the company's SEC registration record.

Companies similar to EMN

CompanyMarket valueP/ERevenue growthOperating margin12-month change
EMN Eastman Chemical$7.4B16.9x-5%n/a+7%
MOS Mosaic$6.8Bn/a+9%-1.4%-36%compare
CTVA Corteva$8.3B8.2x+4%n/a-80%compare
ALB Albemarle$12.3Bn/a+18%4.3%+20%compare
AVY Avery Dennison$12.9B18.6x+6%n/a+6%
BALL Ball Corp$15.1B16.2x+16%n/a+15%
IP International Paper$17.0Bn/a+14%n/a-29%

All Materials stock ratings

Frequently asked questions

Is EMN stock a buy?

Torvanta does not tell individuals what to buy. Its grades for EMN are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is EMN's P/E ratio?

EMN trades at about 16.9 times its last 12 months of GAAP earnings reported to the SEC, and about 17.7 times Torvanta's own estimate of the next 12 months.

When does EMN report earnings next?

Based on its filing history, Torvanta expects Eastman Chemical to report around 2026-11-02.

Does EMN pay a dividend?

Yes. Its dividend yield is about 5.2%, and it has raised its dividend 16 years in a row.

How has EMN performed against the S&P 500?

Over the past year EMN returned +6.5%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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