financial statements

The full income statement, balance sheet, and cash-flow statement for Eastman Chemical Company (EMN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	8.75B YoY-6.7%	9.38B YoY+1.9%	9.21B YoY-12.9%	10.6B YoY+1.0%	10.5B YoY+23.6%
	1.84B YoY-19.5%	2.29B YoY+11.1%	2.06B YoY-3.6%	2.14B YoY-14.5%	2.50B YoY+26.6%
Cost of revenue	6.91B YoY-2.6%	7.09B YoY-0.8%	7.15B YoY-15.3%	8.44B YoY+5.9%	7.98B YoY+22.7%
Research & development	255M YoY+2.0%	250M YoY+4.6%	239M YoY-9.5%	264M YoY+3.9%	254M YoY+12.4%
Selling, general & administrative	658M YoY-10.6%	736M YoY+1.2%	727M YoY+0.1%	726M YoY-8.7%	795M YoY+21.6%
Amortization of intangibles	79.0M YoY-3.7%	82.0M YoY-4.7%	86.0M YoY-1.1%	87.0M YoY-19.4%	108M YoY-15.6%
Net interest income	-208M YoY-4.0%	-200M YoY+7.0%	-215M YoY-18.1%	-182M YoY+8.1%	-198M YoY+5.7%
Other non-operating income	-74.0M YoY-105.6%	-36.0M YoY+2.7%	-37.0M YoY-1333.3%	3.00M YoY-72.7%	11.0M YoY+257.1%
Pre-tax income	568M YoY-47.3%	1.08B YoY-0.8%	1.09B YoY+11.3%	977M YoY-9.7%	1.08B YoY+104.2%
Income tax	93.0M YoY-45.3%	170M YoY-11.0%	191M YoY+5.5%	181M YoY-15.8%	215M YoY+424.4%
	474M YoY-47.6%	905M YoY+1.2%	894M YoY+12.7%	793M YoY-7.5%	857M YoY+79.3%
Net income to non-controlling interest	1.00M YoY-66.7%	3.00M YoY+50.0%	2.00M YoY-33.3%	3.00M YoY-70.0%	10.0M YoY-9.1%
	$4.10 YoY-46.5%	$7.67 YoY+2.4%	$7.49 YoY+18.0%	$6.35 YoY+1.6%	$6.25 YoY+78.6%
EPS (basic)	$4.14 YoY-46.6%	$7.75 YoY+2.8%	$7.54 YoY+17.4%	$6.42 YoY+1.1%	$6.35 YoY+79.9%
Weighted-avg shares (basic)	115M YoY-1.7%	117M YoY-1.6%	119M YoY-4.0%	124M YoY-8.5%	135M YoY-0.4%
Weighted-avg shares (diluted)	116M YoY-2.0%	118M YoY-1.3%	119M YoY-4.4%	125M YoY-8.9%	137M YoY+0.4%
Dividends per share	$3.33 YoY+2.1%	$3.26 YoY+2.5%	$3.18 YoY+3.6%	$3.07 YoY+8.5%	$2.83 YoY+6.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	3.65B YoY-11.1%	4.10B YoY+17.8%	3.48B YoY-7.9%	3.78B YoY-18.7%	4.65B YoY+31.2%
Cash & equivalents	566M YoY-32.4%	837M YoY+52.7%	548M YoY+11.2%	493M YoY+7.4%	459M YoY-18.6%
Accounts receivable	737M YoY-6.8%	791M YoY-4.2%	826M YoY-13.7%	957M YoY-12.3%	1.09B YoY+5.6%
Inventory	1.98B YoY-0.4%	1.99B YoY+18.1%	1.68B YoY-11.1%	1.89B YoY+25.9%	1.50B YoY+9.1%
Other current assets	100M YoY-3.8%	104M YoY+8.3%	96.0M YoY-15.8%	114M YoY+18.8%	96.0M YoY+15.7%
	14.9B YoY-2.3%	15.2B YoY+4.0%	14.6B YoY-0.2%	14.7B YoY-5.5%	15.5B YoY-3.5%
Property, plant & equipment	5.73B YoY+2.1%	5.62B YoY+1.2%	5.55B YoY+7.5%	5.16B YoY+3.3%	5.00B YoY-10.0%
Operating lease right-of-use	205M YoY+0.0%	205M YoY+0.0%	205M YoY+0.0%	205M YoY-5.1%	216M YoY+16.8%
Goodwill	3.67B YoY+0.9%	3.63B YoY-0.4%	3.65B YoY-0.5%	3.66B YoY+0.6%	3.64B YoY-18.5%
Intangible assets	970M YoY-6.0%	1.03B YoY-9.3%	1.14B YoY-6.0%	1.21B YoY-11.2%	1.36B YoY-24.0%
Deferred tax assets	66.0M YoY+0.0%	66.0M YoY+0.0%	66.0M YoY+0.0%	66.0M YoY+0.0%	66.0M YoY+0.0%
Other non-current assets	848M YoY+1.8%	833M YoY+1.6%	820M YoY-4.1%	855M YoY-2.2%	874M YoY+18.8%
	2.65B YoY-2.1%	2.71B YoY+5.1%	2.58B YoY-20.8%	3.25B YoY+9.4%	2.97B YoY+45.8%
Accounts payable	1.21B YoY-7.5%	1.31B YoY+11.9%	1.17B YoY-11.3%	1.32B YoY+7.4%	1.23B YoY+53.7%
Accrued liabilities	2.07B YoY-8.5%	2.26B YoY+11.0%	2.04B YoY-4.2%	2.13B YoY-0.4%	2.13B YoY+26.3%
Short-term & current debt	586M YoY+30.2%	450M YoY-16.8%	541M YoY-52.0%	1.13B YoY+50.7%	747M YoY+114.0%
Current lease liability	50.0M YoY+0.0%	50.0M YoY+0.0%	50.0M YoY+0.0%	50.0M YoY-7.4%	54.0M YoY+0.0%
	8.82B YoY-5.8%	9.36B YoY+2.8%	9.10B YoY-3.5%	9.43B YoY-3.1%	9.73B YoY-2.4%
Long-term debt	4.20B YoY-8.0%	4.57B YoY+6.1%	4.30B YoY+7.0%	4.03B YoY-8.8%	4.41B YoY-16.3%
Non-current lease liability	146M YoY+0.0%	146M YoY+0.0%	146M YoY+0.0%	146M YoY+14.1%	128M YoY+4.1%
Deferred tax liabilities	669M YoY+25.5%	533M YoY-11.3%	601M YoY-10.4%	671M YoY-17.2%	810M YoY-4.5%
Other non-current liabilities	891M YoY-3.5%	923M YoY-3.2%	954M YoY+11.4%	856M YoY+17.7%	727M YoY+7.4%
	5.96B YoY+3.1%	5.78B YoY+5.9%	5.46B YoY+5.9%	5.15B YoY-9.7%	5.70B YoY-5.3%
Common stock	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%
Additional paid-in capital	2.50B YoY+1.5%	2.46B YoY+4.0%	2.37B YoY+2.3%	2.31B YoY+5.9%	2.19B YoY+0.6%
Retained earnings	10.1B YoY+0.9%	10.0B YoY+5.5%	9.49B YoY+5.8%	8.97B YoY+4.9%	8.56B YoY+5.9%
Treasury stock	6.49B YoY+1.6%	6.38B YoY+5.0%	6.08B YoY+2.5%	5.93B YoY+22.1%	4.86B YoY+22.7%
Accumulated other comprehensive income	-160M YoY+49.0%	-314M YoY+1.6%	-319M YoY-55.6%	-205M YoY-12.6%	-182M YoY+33.3%
Non-controlling interest	76.0M YoY+4.1%	73.0M YoY+1.4%	72.0M YoY-13.3%	83.0M YoY-1.2%	84.0M YoY-1.2%
Total equity incl. non-controlling	6.04B YoY+3.2%	5.85B YoY+5.8%	5.53B YoY+5.6%	5.24B YoY-9.5%	5.79B YoY-5.2%
Total liabilities & equity	14.9B YoY-2.3%	15.2B YoY+4.0%	14.6B YoY-0.2%	14.7B YoY-5.5%	15.5B YoY-3.5%
Common shares issued	224M YoY+0.2%	224M YoY+0.4%	223M YoY+0.2%	222M YoY+0.2%	222M YoY+0.5%
Common shares outstanding	224M YoY+0.2%	224M YoY+0.4%	223M YoY+0.2%	222M YoY+0.2%	222M YoY+0.5%
Shares outstanding (cover)	114M YoY-0.9%	115M YoY-1.9%	117M YoY-1.2%	119M YoY-7.9%	129M YoY-5.1%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	970M YoY-24.6%	1.29B YoY-6.3%	1.37B YoY+40.9%	975M YoY-39.8%	1.62B YoY+11.3%
Depreciation & amortization	513M YoY+0.8%	509M YoY+2.2%	498M YoY+4.4%	477M YoY-11.3%	538M YoY-6.3%
Deferred income taxes	141M YoY+371.2%	-52.0M YoY+49.0%	-102M YoY+25.0%	-136M YoY-257.9%	-38.0M YoY+65.8%
Change in receivables	-61.0M YoY-117.9%	-28.0M YoY+77.8%	-126M YoY-35.5%	-93.0M YoY-133.1%	281M YoY+806.5%
Change in inventory	-24.0M YoY-107.0%	344M YoY+271.1%	-201M YoY-146.7%	430M YoY+10.5%	389M YoY+233.7%
Other operating activities	-113M YoY-321.6%	51.0M YoY-66.9%	154M YoY-46.9%	290M YoY+225.8%	89.0M YoY+1680.0%
	-462M YoY+13.5%	-534M YoY-23.6%	-432M YoY-210.2%	392M YoY+1451.7%	-29.0M YoY+92.6%
Capital expenditure	546M YoY-8.8%	599M YoY-27.7%	828M YoY+35.5%	611M YoY+10.1%	555M YoY+44.9%
Acquisitions	0.00	0.00 YoY-100.0%	77.0M YoY+7600.0%	1.00M YoY-99.1%	114M YoY+11300.0%
Other investing activities	-25.0M YoY-38.9%	-18.0M YoY-5.9%	-17.0M YoY-183.3%	-6.00M YoY-250.0%	4.00M YoY+233.3%
	-797M YoY-75.6%	-454M YoY+48.9%	-888M YoY+32.8%	-1.32B YoY+21.8%	-1.69B YoY-140.1%
Long-term debt issued	246M YoY-80.1%	1.24B YoY+55.4%	796M YoY+59.2%	500M	0.00 YoY-100.0%
Long-term debt repaid	550M YoY-47.1%	1.04B YoY+28.6%	808M YoY+7.7%	750M YoY+150.0%	300M YoY-31.0%
Net short-term debt	0.00	0.00 YoY+100.0%	-326M YoY-200.0%	326M YoY+752.0%	-50.0M YoY+58.7%
Common stock repurchased	—	—	—	—	900M
Dividends paid	381M YoY+0.5%	379M YoY+0.8%	376M YoY-1.3%	381M YoY+1.6%	375M YoY+4.7%
Other financing activities	-12.0M YoY-144.4%	27.0M YoY+212.5%	-24.0M YoY-71.4%	-14.0M YoY-140.0%	35.0M YoY+66.7%
FX effect on cash	18.0M YoY+280.0%	-10.0M YoY-1100.0%	1.00M YoY+108.3%	-12.0M YoY-140.0%	-5.00M YoY-266.7%
Net change in cash	-271M YoY-193.8%	289M YoY+425.5%	55.0M YoY+61.8%	34.0M YoY+132.4%	-105M YoY-129.2%
Interest paid	215M YoY+5.9%	203M YoY-5.1%	214M YoY+19.6%	179M YoY+5.3%	170M YoY-11.0%
Income taxes paid	159M YoY+43.2%	111M YoY-29.7%	158M YoY+102.6%	78.0M YoY-36.1%	122M YoY-31.8%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	7.28B YoY-30.8%	10.5B YoY-0.2%	10.5B YoY+8.9%	9.67B YoY-38.0%	15.6B YoY+14.5%
P/E	15.4× YoY+32.2%	11.6× YoY-36.2%	18.2× YoY+118.0%	8.4× YoY-54.1%	18.2× YoY-36.2%
P/S	0.8× YoY-25.8%	1.1× YoY-1.3%	1.1× YoY+26.7%	0.9× YoY-39.8%	1.5× YoY-7.4%
P/B	1.2× YoY-32.9%	1.8× YoY-8.5%	2.0× YoY+9.6%	1.8× YoY-33.6%	2.7× YoY+20.9%
P/FCF	17.2× YoY+12.4%	15.3× YoY-24.4%	20.2× YoY-38.0%	32.6× YoY+122.3%	14.7× YoY+15.3%
Earnings yield	6.5% YoY-24.4%	8.6% YoY+56.6%	5.5% YoY-54.1%	12.0% YoY+117.9%	5.5% YoY+56.6%
FCF yield	5.8% YoY-11.0%	6.5% YoY+32.2%	4.9% YoY+61.2%	3.1% YoY-55.0%	6.8% YoY-13.3%
Dividend yield	5.2% YoY+46.1%	3.6% YoY+0.8%	3.5% YoY-6.1%	3.8% YoY+61.1%	2.3% YoY-12.1%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: EMN's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all EMN filings on SEC EDGAR → Not investment advice.

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