Eastman Chemical (EMN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Eastman Chemical

NYSE•Basic Materials•Specialty Chemicals

$70.39-0.80(-0.01%)Pre-market

Market Cap

$7.57B

P/E

17.1x

P/S

0.9x

P/B

1.2x

Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally. The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids. It serves transportation, personal care, wellness, food, feed, agriculture, building and construction, water treatment, energy, consumables, durables, and electronics markets. Its Advanced Materials segment provides copolyesters, cellulosic biopolymers, polyvinyl butyral sheets, polyester films and window and protective films for value-added end uses in the transportation, durables, electronics, building and construction, medical and pharma, and consumables end-markets. The company's Chemical Intermediates segment offers olefin and acetyl derivatives, methylamines and salts, higher amines and solvents, ethylene, and commodity solvents; and primary non-phthalate and phthalate plasticizers, and niche non-phthalate plasticizers for industrial chemicals and processing, building and construction, health and wellness, and food and feed. Its Fibers segment provides cellulose acetate tow, triacetin, cellulose acetate flake, acetic acid, and acetic anhydride for use in filtration media primarily cigarette filters; natural and solution dyed acetate yarns, and staple fiber for use in consumables, and health and wellness markets; and wet-laid nonwoven media, specialty and engineered papers, and cellulose acetate fibers for transportation, industrial, agriculture and mining, and aerospace markets. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee.

How this company scores

AverageMetricSide Score: 53/100

Strongest: Cash & Earnings Quality (21/25); weakest: Growth (5/25).

Profitability11/25

Growth5/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality21/25

Strengths

Rising free cash flowImproving leverageImproving marginsNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.1x5y range 10.3x – 28.2x

Currently near its 20-quarter median.

P/S · 0.9x5y range 0.8x – 1.4x

Currently below its 20-quarter median.

P/B · 1.2x5y range 1.2x – 2.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 32.1% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $7.57B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $8.87B
Q. Revenue: $2.51B
TTM EBITDA: $1.36B
TTM Op. Income: $834.00M
Q. Op. Income: $310.00M
TTM Net Income: $442.00M
Q. Net Income: $183.00M
EPS: $1.6
Shares Out.: $114.30M

$8.87B in TTM revenue declined 4.5% YoY, reaching $2.51B last quarter. TTM EBITDA of $1.36B and TTM operating income of $834.00M show growth is flowing through to the bottom line. TTM net income of $442.00M means revenue is converting into profit. Over the past year, TTM revenue is down 5% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 22.3%
EBITDA Margin: 17.6%
Op. Margin: 12.3%
Net Margin: 7.3%

Op. margin of 12.3% is up 0.0% YoY — cost efficiency is improving. Net margin at 7.3% and gross margin of 22.3% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 17.1x
P/S Ratio: 0.9x
P/B Ratio: 1.2x

At 17.1x P/E, the stock trades within typical market levels. P/S of 0.9x and P/B of 1.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 66% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $15.42B
Cash: $691.00M
Long-Term Debt: $4.45B
Book Value: $6.10B
D/E Ratio: 0.7
Debt/EBITDA: 10.1

With $15.42B in assets and $4.45B in long-term debt, D/E is 0.7and book value is $6.10B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 11% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $224.00M
TTM Free Cash Flow: $539.00M
FCF Margin: 6.1%
FCF / Net Income: 1.2

TTM FCF of $539.00M on $224.00M in operating cash flow. The FCF / Net Income ratio of 1.2x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.