Tearsheet

Eastman Chemical (EMN)


Market Price (3/30/2026): $71.2 | Market Cap: $8.1 Bil
Sector: Materials | Industry: Specialty Chemicals

Eastman Chemical (EMN)


Market Price (3/30/2026): $71.2
Market Cap: $8.1 Bil
Sector: Materials
Industry: Specialty Chemicals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.2%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2%, FCF Yield is 5.2%
Weak multi-year price returns
2Y Excs Rtn is -41%, 3Y Excs Rtn is -61%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 52%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
  Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.9%, Rev Chg QQuarterly Revenue Change % is -12%
2 Low stock price volatility
Vol 12M is 42%
  Key risks
EMN key risks include [1] weak demand in key end markets such as building, Show more.
3 Megatrend and thematic drivers
Megatrends include Circular Economy & Recycling, and Advanced Materials. Themes include Advanced Recycling Technologies, Sustainable Packaging Materials, Show more.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.2%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2%, FCF Yield is 5.2%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
2 Low stock price volatility
Vol 12M is 42%
3 Megatrend and thematic drivers
Megatrends include Circular Economy & Recycling, and Advanced Materials. Themes include Advanced Recycling Technologies, Sustainable Packaging Materials, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -41%, 3Y Excs Rtn is -61%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 52%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.9%, Rev Chg QQuarterly Revenue Change % is -12%
7 Key risks
EMN key risks include [1] weak demand in key end markets such as building, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Eastman Chemical (EMN) stock has gained about 20% since 11/30/2025 because of the following key factors:

1. Optimistic 2026 Outlook and Strategic Cost Reductions.

Eastman Chemical's stock saw positive movement due to its outlined "2026 self-help plan" and a projected 11.81% earnings growth for the upcoming year, from $8.55 to $9.56 per share. This outlook, presented alongside its Q4 2025 earnings report on January 29, 2026, highlighted a target of $125 million to $150 million in cost reductions for 2026, which likely instilled investor confidence despite a Q4 revenue miss.

2. Robust Shareholder Returns and Consistent Dividend Growth.

The company demonstrated a strong commitment to shareholder value by returning approximately $500 million to stockholders in 2025 through dividends and share repurchases. Additionally, Eastman Chemical raised its dividend for the 16th consecutive year, signaling financial stability and a continued focus on rewarding investors.

Show more

Stock Movement Drivers

Fundamental Drivers

The 17.6% change in EMN stock from 11/30/2025 to 3/29/2026 was primarily driven by a 73.0% change in the company's P/E Multiple.
(LTM values as of)113020253292026Change
Stock Price ($)60.5571.2017.6%
Change Contribution By: 
Total Revenues ($ Mil)9,0248,752-3.0%
Net Income Margin (%)7.7%5.4%-30.1%
P/E Multiple9.917.173.0%
Shares Outstanding (Mil)1141140.3%
Cumulative Contribution17.6%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/29/2026
ReturnCorrelation
EMN17.6% 
Market (SPY)-5.3%35.1%
Sector (XLB)10.0%72.2%

Fundamental Drivers

The 5.1% change in EMN stock from 8/31/2025 to 3/29/2026 was primarily driven by a 83.0% change in the company's P/E Multiple.
(LTM values as of)83120253292026Change
Stock Price ($)67.7671.205.1%
Change Contribution By: 
Total Revenues ($ Mil)9,2868,752-5.8%
Net Income Margin (%)9.0%5.4%-39.6%
P/E Multiple9.417.183.0%
Shares Outstanding (Mil)1151140.8%
Cumulative Contribution5.1%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/29/2026
ReturnCorrelation
EMN5.1% 
Market (SPY)0.6%33.8%
Sector (XLB)7.1%72.3%

Fundamental Drivers

The -23.0% change in EMN stock from 2/28/2025 to 3/29/2026 was primarily driven by a -43.9% change in the company's Net Income Margin (%).
(LTM values as of)22820253292026Change
Stock Price ($)92.4171.20-23.0%
Change Contribution By: 
Total Revenues ($ Mil)9,3828,752-6.7%
Net Income Margin (%)9.6%5.4%-43.9%
P/E Multiple11.817.144.9%
Shares Outstanding (Mil)1161141.5%
Cumulative Contribution-23.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/29/2026
ReturnCorrelation
EMN-23.0% 
Market (SPY)9.8%56.4%
Sector (XLB)12.4%74.7%

Fundamental Drivers

The -4.9% change in EMN stock from 2/28/2023 to 3/29/2026 was primarily driven by a -27.7% change in the company's Net Income Margin (%).
(LTM values as of)22820233292026Change
Stock Price ($)74.8771.20-4.9%
Change Contribution By: 
Total Revenues ($ Mil)10,5808,752-17.3%
Net Income Margin (%)7.5%5.4%-27.7%
P/E Multiple11.317.152.2%
Shares Outstanding (Mil)1191144.6%
Cumulative Contribution-4.9%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/29/2026
ReturnCorrelation
EMN-4.9% 
Market (SPY)69.4%51.6%
Sector (XLB)26.8%73.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
EMN Return24%-30%15%5%-27%15%-13%
Peers Return16%-17%25%-22%-18%43%10%
S&P 500 Return27%-19%24%23%16%-5%72%

Monthly Win Rates [3]
EMN Win Rate67%33%42%42%33%67% 
Peers Win Rate50%48%47%45%48%87% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
EMN Max Drawdown-2%-40%-13%-9%-36%0% 
Peers Max Drawdown-6%-31%-3%-28%-37%-1% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-5% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: DOW, CE, LYB, DD, PPG. See EMN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)

How Low Can It Go

Unique KeyEventEMNS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-44.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven80.3%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-51.6%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven106.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven170 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-44.5%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven80.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven542 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-76.8%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven330.7%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven582 days1,480 days

Compare to DOW, CE, LYB, DD, PPG

In The Past

Eastman Chemical's stock fell -44.5% during the 2022 Inflation Shock from a high on 1/18/2022. A -44.5% loss requires a 80.3% gain to breakeven.

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About Eastman Chemical (EMN)

Eastman Chemical Company operates as a specialty materials company in the United States and internationally. The company's Additives & Functional Products segment offers hydrocarbon and rosin resins; organic acid-based solutions; amine derivative-based building blocks; metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators; specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; heat transfer and aviation fluids; insoluble sulfur and anti-degradant rubber additives; and performance resins. 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, cellulose esters, polyvinyl butyral (PVB) sheets, and window and protective films, and aftermarket applied film products for value-added end uses in the transportation, durables, electronics, building and construction, medical and pharma, and consumables markets. The company's Chemical Intermediates segment offers methylamines and salts higher amines and solvents; Olefin and acetyl derivatives, ethylene, and commodity solvents; and primary non-phthalate and phthalate plasticizers, and niche non- phthalate plasticizers to the industrial chemicals and processing, building and construction, health and wellness, and agrochemicals. 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 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.

AI Analysis | Feedback

1. Think of Eastman Chemical as a modern, industrial-focused DuPont, developing and supplying the specialized chemicals and advanced materials that go into countless products.

2. It's like a '3M for industrial materials and chemicals,' providing innovative, specialized components and solutions for manufacturers across diverse industries.

3. Imagine them as a 'Corning for polymers and chemicals,' creating high-performance, specialized materials that are crucial ingredients for everything from cars to consumer goods.

AI Analysis | Feedback

  • Performance Resins: Specialty resins, including hydrocarbon and rosin types, used in a wide range of industrial and consumer applications.
  • Copolyesters and Cellulosic Polymers: Advanced polymers derived from traditional and bio-based sources, serving markets like packaging, medical, and durable goods.
  • Agricultural Solutions: Products such as soil fumigants, fungicides, and plant growth regulators for crop protection and yield enhancement.
  • Specialty Solvents and Paint Additives: Chemicals, including coalescents and various solvents, that improve the performance of paints, coatings, and other end products.
  • Rubber Additives: Insoluble sulfur and anti-degradant compounds specifically designed to enhance the properties and longevity of rubber products.
  • Plasticizers: Phthalate and non-phthalate compounds used to increase the flexibility, workability, and durability of plastics.
  • PVB Sheets and Films: Polyvinyl butyral (PVB) interlayers for laminated safety glass, along with window and protective films for various surfaces.
  • Cellulose Acetate Products: Materials like cellulose acetate tow for filtration media (e.g., cigarette filters) and acetate yarns and fibers for textiles and industrial uses.
  • Chemical Intermediates: Foundational building blocks such as amines, olefins, and acetic derivatives, utilized across diverse manufacturing processes.
  • Specialty Fluids: Heat transfer and aviation fluids engineered for specific thermal management and aerospace industry applications.

AI Analysis | Feedback

Eastman Chemical Company (EMN) operates primarily as a business-to-business (B2B) supplier, providing specialty materials, chemicals, and intermediates to other companies across various industries. The provided background description does not list specific names of major customer companies. However, based on the diverse markets served by its four segments, Eastman's major customers are companies operating in the following broad categories:

  1. Manufacturers in Consumer and Industrial Goods Sectors: This includes companies producing goods for transportation (e.g., automotive, aerospace, tire manufacturers utilizing resins, films, rubber additives), building and construction (e.g., material suppliers, paint and coatings companies, window manufacturers using PVB sheets, films, solvents), electronics, durables, and consumables. These customers integrate Eastman's advanced materials, performance resins, and various additives into their end products.

  2. Companies in the Chemical, Agricultural, and Health & Wellness Industries: This category encompasses businesses involved in industrial chemical processing, agriculture (e.g., agrochemical producers utilizing soil fumigants, fungicides, plant growth regulators, and chemical intermediates), and health and wellness (e.g., pharmaceutical companies, personal care product manufacturers using organic acid-based solutions, amine derivatives, and specialty solvents).

  3. Producers for Filtration Media and Textiles: This segment includes companies that manufacture filtration products, particularly for cigarette filters, using Eastman's cellulose acetate tow. It also extends to businesses utilizing natural and solution dyed acetate yarns for textiles and other consumable applications.

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Mark J. Costa, Chairman and Chief Executive Officer

Mark J. Costa serves as the Chairman and Chief Executive Officer of Eastman Chemical Company, a position he has held since 2014, also becoming Board Chair in the same year. He joined Eastman in 2006 as a Senior Vice President of Strategy, Marketing, and Business Development. Prior to his role at Eastman, Mr. Costa was a senior partner with Monitor Group, a global management consulting firm, where he was instrumental in developing techniques in corporate transformations and portfolio management. He previously held roles as President of Eastman Chemical Company (2013-2014) and various Executive Vice President positions leading Polymers businesses and Specialty Products businesses, and also served as Chief Marketing Officer. Mr. Costa holds a bachelor's degree in economics from the University of California at Berkeley and an M.B.A. from Harvard Business School.

William T. McLain, Jr., Executive Vice President and Chief Financial Officer

William T. McLain, Jr. has been the Executive Vice President and Chief Financial Officer of Eastman Chemical Company since February 2020. He joined Eastman in 2000 and has held various finance-related positions within the company, including Director, Asia Pacific Finance (2011), International Controller (2013), Corporate Controller (2014-2016), and Vice President of Finance (2016). Before joining Eastman, Mr. McLain gained experience at PricewaterhouseCoopers LLP.

Brad A. Lich, Executive Vice President and Chief Commercial Officer

Brad A. Lich is the Executive Vice President and Chief Commercial Officer at Eastman Chemical Company. He previously served as President of Solutia Inc.

Iké Adeyemi, Senior Vice President, Chief Legal Officer and Corporate Secretary

Iké Adeyemi serves as Senior Vice President, Chief Legal Officer and Corporate Secretary for Eastman Chemical Company.

Travis Smith, Executive Vice President, Additives & Functional Products, Manufacturing, WWE&C and HSE

Travis Smith holds the position of Executive Vice President, Additives & Functional Products, Manufacturing, WWE&C and HSE at Eastman Chemical Company.

AI Analysis | Feedback

Eastman Chemical Company (EMN) faces several key risks to its business operations, primarily stemming from its exposure to global economic cycles and trade dynamics, as well as inherent volatility in its input costs.

  1. Weak Demand and Macroeconomic Headwinds: Eastman Chemical is highly susceptible to demand fluctuations in its key end markets, including consumer durables, automotive, construction, and textiles. Persistent macroeconomic uncertainty and an overall slowdown in these sectors have led to lower sales volumes, pricing pressure, and customer inventory destocking, significantly impacting the company's Advanced Materials, Fibers, and Chemical Intermediates segments. This cyclicality is a fundamental risk for companies in the basic materials sector.
  2. Tariffs and Global Trade Disputes: The implementation of tariffs and ongoing global trade-related tensions pose a significant risk to Eastman Chemical. These factors have led to cautious customer behavior, disruptions in supply chains, increased operational costs, and reduced demand, particularly affecting the Fibers segment and other products with exposure to international trade, notably with China.
  3. Raw Material and Energy Cost Volatility: As a chemical manufacturer, Eastman Chemical is heavily reliant on strategic raw material and energy commodities. The volatility in the costs of these inputs, along with potential disruptions in their supply and transportation, can adversely impact the company's operating costs and overall financial results.

AI Analysis | Feedback

The global decline in cigarette smoking presents a clear emerging threat to Eastman Chemical's Fibers segment. This segment explicitly states that its primary product, cellulose acetate tow, is used for filtration media, predominantly cigarette filters. As public health campaigns, increased regulation, and evolving consumer preferences lead to a sustained and accelerating reduction in cigarette consumption worldwide, the demand for this core product line is directly and significantly threatened. This ongoing market contraction represents a fundamental shift impacting a major end market for Eastman's Fibers business.

AI Analysis | Feedback

Eastman Chemical Company (EMN) operates in several addressable markets for its main products and services globally.

  • Copolyesters: The global copolyester market size was valued at approximately USD 4.7 billion in 2023 and is anticipated to reach around USD 7.9 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.0%. Another estimate places the global copolyester market at USD 2,637.5 million in 2025, projected to grow to USD 4,047.74 million by 2033 with a CAGR of 5.5%.

  • Polyvinyl Butyral (PVB) Films/Sheets: The global market size for polyvinyl butyral (PVB) was valued at USD 4.1 billion in 2024 and is projected to reach USD 7.4 billion by 2034, growing at a CAGR of over 6.4% from 2025 to 2034. In 2023, more than 2.8 billion square meters of laminated glass incorporated PVB films globally.

  • Plasticizers: The global plasticizers market is estimated to be USD 20.03 billion in 2025 and is projected to reach USD 26.60 billion by 2030, at a CAGR of 5.8%. Another report indicates the market was valued at USD 20.92 billion in 2024 and is projected to grow to USD 36.42 billion by 2035, with a CAGR of 5.17%.

  • Cellulose Acetate Tow: The global acetate tow (cellulose acetate tow) market was valued at USD 3.40 billion in 2024. This market is projected to decline to USD 1.83 billion by 2032, exhibiting a negative CAGR of -8.7%, primarily due to a global decline in cigarette consumption.

  • Specialty Chemicals (Overall Context): Eastman Chemical operates as a specialty materials company. The broader global specialty chemicals market size was valued at USD 978.97 billion in 2024 and is projected to reach USD 1,312.78 billion by 2030, growing at a CAGR of 5% from 2025 to 2030.

AI Analysis | Feedback

Eastman Chemical (EMN) anticipates several key drivers for future revenue growth over the next 2-3 years, primarily focusing on sustainable solutions, innovation, and a rebound in core markets. The expected drivers include: * **Expansion of Circular Economy Initiatives:** A major growth catalyst is the scaling up of its molecular recycling platforms. The Kingsport methanolysis facility is operational and projected to significantly boost earnings, with plans for a second methanolysis facility in Longview, Texas. These initiatives are expected to drive revenue through increased production of recycled plastics and new contracts, including those for rPET with major brands. * **Innovation in High-Value Specialty Products:** Eastman is committed to an innovation-driven growth strategy, particularly in its high-value specialty materials and advanced materials segments. This involves launching new products that offer sustainability benefits and cater to evolving market demands, thereby expanding its market presence and product portfolio. * **Recovery in Key End Markets and Increased Volume:** The company anticipates revenue growth from a broader macroeconomic recovery, leading to improved demand and increased sales volumes across its key end markets, such as transportation, consumer durables, and building and construction. This recovery is expected as inventory destocking normalizes and market conditions stabilize.

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Share Repurchases

  • Eastman Chemical completed a multi-year share repurchase program, initiated in 2018, totaling US$3,155.42 million by February 2026.
  • In May 2022, the company entered into an accelerated share repurchase agreement for $500 million of common stock, with a target to repurchase over $1 billion in shares for the full year 2022.
  • Approximately $500 million was returned to stockholders through dividends and share repurchases in 2025.

Share Issuance

  • In February 2026, Eastman Chemical completed a US$598.72 million fixed-rate senior unsecured notes offering due 2031.
  • The number of shares outstanding for Eastman Chemical saw declines of 4.4% in 2023, 1.26% in 2024, and 1.95% in 2025.

Outbound Investments

  • Eastman made several acquisitions, including Willson Band Instruments in March 2023, Ai-Red Technology in February 2023, and PremiumShield and Matrix Films both in October 2021.
  • In April 2021, the company acquired 3F Technology.

Capital Expenditures

  • Capital expenditures for 2025 were approximately $550 million, optimized from an initial projection of $700-$800 million.
  • The company projects capital expenditures to be approximately $400 million for 2026, with about $350 million allocated to maintenance capital and no new major capital projects.
  • A primary focus of recent capital expenditures has been the expansion of the Kingsport methanolysis facility, which contributed approximately $60 million in incremental earnings in 2025. Additionally, an ethylene-to-propylene (ETP) project is expected to add $50 million to $100 million in earnings with a payback period of less than two years.

Better Bets vs. Eastman Chemical (EMN)

Latest Trefis Analyses

Trade Ideas

Select ideas related to EMN.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
IP_1312026_Insider_Buying_45D_2Buy_200K01312026IPInternational PaperInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
9.1%9.1%0.0%
B_1302026_Quality_Momentum_RoomToRun_10%01302026BBarrick MiningQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
11.7%11.7%-4.0%
AMR_12312025_Insider_Buying_45D_2Buy_200K12312025AMRAlpha Metallurgical ResourcesInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
-18.6%-18.6%-18.6%
EMN_12262025_Dip_Buyer_ValueBuy12262025EMNEastman ChemicalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
18.9%18.9%0.0%
AMCR_12122025_Insider_Buying_GTE_1Mil_EBITp+DE_V212122025AMCRAmcorInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
19.2%19.2%-0.5%
EMN_11302022_Dip_Buyer_ValueBuy11302022EMNEastman ChemicalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-9.3%0.6%-17.2%
EMN_2292020_Dip_Buyer_FCFYield02292020EMNEastman ChemicalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
24.1%85.0%-36.6%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

EMNDOWCELYBDDPPGMedian
NameEastman .Dow Celanese Lyondell.DuPont d.PPG Indu. 
Mkt Price71.2040.8263.4180.4545.26103.8267.31
Mkt Cap8.129.37.025.918.723.321.0
Rev LTM8,75239,9689,54430,1537,52415,87512,710
Op Inc LTM9581587698319182,169874
FCF LTM424-1,447803384161,163404
FCF 3Y Avg5533748881,925-5351,252720
CFO LTM9701,0321,1462,2625601,9411,089
CFO 3Y Avg1,2103,0471,3373,6747231,9241,630

Growth & Margins

EMNDOWCELYBDDPPGMedian
NameEastman .Dow Celanese Lyondell.DuPont d.PPG Indu. 
Rev Chg LTM-6.7%-7.0%-7.1%-9.7%1.4%0.2%-6.8%
Rev Chg 3Y Avg-5.9%-10.8%-0.0%-14.5%-11.9%0.6%-8.3%
Rev Chg Q-12.1%-9.1%-6.5%-9.2%-21.2%5.0%-9.1%
QoQ Delta Rev Chg LTM-3.0%-2.3%-1.6%-2.3%-4.2%1.2%-2.3%
Op Mgn LTM10.9%0.4%8.1%2.8%12.2%13.7%9.5%
Op Mgn 3Y Avg12.4%3.2%9.6%7.0%11.9%13.5%10.8%
QoQ Delta Op Mgn LTM-2.2%-0.8%-0.5%-1.3%-1.3%-0.2%-1.0%
CFO/Rev LTM11.1%2.6%12.0%7.5%7.4%12.2%9.3%
CFO/Rev 3Y Avg13.2%7.0%12.9%11.3%10.2%12.0%11.6%
FCF/Rev LTM4.8%-3.6%8.4%1.3%0.2%7.3%3.1%
FCF/Rev 3Y Avg6.0%0.7%8.6%5.8%-8.1%7.8%5.9%

Valuation

EMNDOWCELYBDDPPGMedian
NameEastman .Dow Celanese Lyondell.DuPont d.PPG Indu. 
Mkt Cap8.129.37.025.918.723.321.0
P/S0.90.70.70.92.51.50.9
P/EBIT10.3-17.8-13.5-113.6-84.710.2-15.7
P/E17.1-11.2-6.0-34.8-24.014.8-8.6
P/CFO8.428.46.111.533.412.011.7
Total Yield8.2%-3.9%-16.5%3.9%-1.0%9.5%1.5%
Dividend Yield2.4%5.1%0.2%6.8%3.2%2.7%2.9%
FCF Yield 3Y Avg5.8%-0.7%10.7%7.3%-1.6%4.3%5.1%
D/E0.60.71.90.60.20.30.6
Net D/E0.50.51.70.40.10.20.5

Returns

EMNDOWCELYBDDPPGMedian
NameEastman .Dow Celanese Lyondell.DuPont d.PPG Indu. 
1M Rtn-4.6%32.8%27.0%39.9%-9.6%-15.8%11.2%
3M Rtn13.4%77.3%48.1%88.3%10.1%0.1%30.8%
6M Rtn16.4%82.6%55.7%69.4%49.9%1.5%52.8%
12M Rtn-14.2%26.8%11.1%25.9%56.0%-0.8%18.5%
3Y Rtn-3.2%-9.7%-37.9%6.0%70.1%-14.5%-6.4%
1M Excs Rtn3.6%46.0%36.9%50.7%-2.3%-8.1%20.2%
3M Excs Rtn22.8%87.2%58.6%98.1%18.8%9.0%40.7%
6M Excs Rtn22.6%92.4%62.5%74.6%56.8%4.8%59.7%
12M Excs Rtn-28.1%11.0%-4.0%12.2%39.5%-16.3%3.5%
3Y Excs Rtn-60.9%-66.9%-96.3%-48.3%14.4%-72.0%-63.9%

Comparison Analyses

Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Advanced Materials5,7355,4234,9674,6614,345
Additives & Functional Products4,6084,6914,9624,1886,238
Corporate Assets2,2091,8381,8322,9951,908
Chemical Intermediates1,5861,6001,8602,7032,614
Fibers1,0751,0811,046972978
Total15,21314,63314,66715,51916,083


Price Behavior

Price Behavior
Market Price$71.20 
Market Cap ($ Bil)8.1 
First Trading Date12/14/1993 
Distance from 52W High-15.4% 
   50 Days200 Days
DMA Price$72.22$66.66
DMA Trendindeterminateup
Distance from DMA-1.4%6.8%
 3M1YR
Volatility36.5%42.6%
Downside Capture0.351.00
Upside Capture160.39101.82
Correlation (SPY)36.4%56.1%
EMN Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta0.741.191.131.051.261.10
Up Beta0.631.161.461.721.311.20
Down Beta1.991.871.611.051.291.17
Up Capture113%172%155%93%95%67%
Bmk +ve Days9203170142431
Stock +ve Days13253562121373
Down Capture-34%12%16%84%122%103%
Bmk -ve Days12213054109320
Stock -ve Days8162661129375

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with EMN
EMN-16.6%42.4%-0.31-
Sector ETF (XLB)14.6%20.9%0.5574.2%
Equity (SPY)14.5%18.9%0.5956.2%
Gold (GLD)50.2%27.7%1.463.9%
Commodities (DBC)17.8%17.6%0.8523.6%
Real Estate (VNQ)0.4%16.4%-0.1552.2%
Bitcoin (BTCUSD)-23.7%44.2%-0.4925.6%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with EMN
EMN-5.3%32.0%-0.12-
Sector ETF (XLB)6.7%18.9%0.2577.4%
Equity (SPY)11.8%17.0%0.5459.2%
Gold (GLD)20.7%17.7%0.969.3%
Commodities (DBC)11.6%18.9%0.5024.1%
Real Estate (VNQ)3.0%18.8%0.0753.0%
Bitcoin (BTCUSD)4.0%56.6%0.2920.5%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with EMN
EMN3.0%31.6%0.17-
Sector ETF (XLB)10.1%20.6%0.4480.0%
Equity (SPY)14.0%17.9%0.6765.0%
Gold (GLD)13.3%15.8%0.702.3%
Commodities (DBC)8.2%17.6%0.3932.2%
Real Estate (VNQ)4.7%20.7%0.1953.0%
Bitcoin (BTCUSD)66.4%66.8%1.0615.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity4.5 Mil
Short Interest: % Change Since 2282026-11.1%
Average Daily Volume1.8 Mil
Days-to-Cover Short Interest2.6 days
Basic Shares Quantity114.1 Mil
Short % of Basic Shares4.0%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
1/29/20260.5%10.3%9.1%
11/3/20254.9%6.3%4.8%
7/31/2025-19.0%-15.6%-3.1%
4/24/2025-6.2%-5.7%-0.3%
1/30/20257.5%9.3%1.9%
10/31/2024-3.8%-1.5%-0.8%
7/25/20243.7%4.7%3.8%
4/25/2024-0.6%-0.2%4.3%
...
SUMMARY STATS   
# Positive81117
# Negative16137
Median Positive3.6%5.5%4.3%
Median Negative-2.1%-1.6%-0.8%
Max Positive7.5%10.3%18.9%
Max Negative-19.0%-15.6%-7.5%

SEC Filings

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Report DateFiling DateFiling
12/31/202502/13/202610-K
09/30/202511/04/202510-Q
06/30/202508/01/202510-Q
03/31/202504/25/202510-Q
12/31/202402/14/202510-K
09/30/202411/01/202410-Q
06/30/202407/26/202410-Q
03/31/202404/26/202410-Q
12/31/202302/14/202410-K
09/30/202310/27/202310-Q
06/30/202307/28/202310-Q
03/31/202304/28/202310-Q
12/31/202202/15/202310-K
09/30/202210/28/202210-Q
06/30/202208/01/202210-Q
03/31/202205/04/202210-Q

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Smith, Brian TravisEVP, AFP, Mfg., WWEC & HSEDirectBuy829202568.341,750119,5951,143,465Form
2Obrien, James J /ky DirectBuy828202568.811,45099,776469,842Form
3Mink, Kim Ann DirectBuy828202569.381,450100,601197,039Form
4Holder, Julie Fasone DirectBuy828202568.801,45399,9661,207,165Form
5Butler, Eric L DirectBuy828202568.653,000205,958640,528Form