EASTMAN CHEMICAL CO
EMN · Plastic Materials, Synth Resins & Nonvulcan Elastomers · 114.3M shares · -4%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $836M (gross $900M, SBC $64M)
Reference price $77.05 · est. market cap ~$8.8B — last insider sale, 2026-05-05 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B72Scaled specialty-materials franchise with above-average margins, returns and strong free cash flow, though earnings and revenue declined in a soft cycle.
Strengths
- Net margin 5.4% (78th pct), ROA 3.2% (82nd pct), ROE 8.0% (73rd pct) and $424M FCF (83rd pct)
- Differentiated technology platforms incl. molecular recycling; durable global specialty-chemicals scale
Risks
- Revenue -6.7% (16th pct) and net income -47.6% reflect a weak demand cycle
- Quick ratio 0.63 (25th pct) and debt/equity 0.70 (71st pct)
- Heavy commodity/energy cost and global trade/tariff exposure
Notable findings
- Strong balance sheetStrong balance sheet — $566M cash & investments
- Buying back stockNet buyback — share count -4%/yr over 4y
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
21.1%
Net margin
5.4%
Return on equity
8.0%
Return on assets
3.2%
Revenue growth (QoQ)
10.3%
Net-income growth
-47.6%
Debt / equity
0.7×
Current ratio
1.4×
Free cash flow
$424M
Tangible book value
$1.3B
Cash & investments
$566M
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-01 | Holt Adrian James | Grant | 4.3K | — |
| 2026-06-01 | Holt Adrian James | Tax withheld | 1.1K | $75.49 |
| 2026-05-07 | SLAGER DONALD W | Grant | 1.6K | — |
| 2026-05-07 | Holder Julie Fasone | Grant | 1.6K | — |
| 2026-05-07 | HORNBAKER RENEE J | Grant | 1.6K | — |
| 2026-05-07 | OBRIEN JAMES J /KY | Grant | 1.6K | — |
| 2026-05-07 | BUTLER ERIC L | Grant | 1.6K | — |
| 2026-05-07 | Haynesworth Linnie M | Grant | 1.6K | — |
| 2026-05-05 | Holt Adrian James | Sell | 1.7K | $77.05 |
| 2026-02-18 | LICH BRAD A | Tax withheld | 5.6K | $80.26 |
| 2026-02-18 | Holt Adrian James | Tax withheld | 588 | $80.26 |
| 2026-02-18 | SMITH BRIAN TRAVIS | Tax withheld | 3.1K | $80.26 |
| 2026-02-18 | McAlindon Julie A. | Tax withheld | 1.8K | $80.26 |
| 2026-02-18 | Caveness Michelle H | Tax withheld | 528 | $80.26 |
| 2026-02-18 | Stewart Michelle Renee | Tax withheld | 1.1K | $80.26 |
| 2026-02-18 | McLain William Thomas Jr. | Tax withheld | 4.5K | $80.26 |
| 2026-02-18 | Costa Mark J | Tax withheld | 25K | $80.26 |
| 2026-02-18 | CRAWFORD STEPHEN GLENN | Tax withheld | 4.7K | $80.26 |
| 2026-02-11 | LICH BRAD A | Grant | 19K | — |
| 2026-02-11 | McLain William Thomas Jr. | Grant | 16K | — |
| 2026-02-11 | CRAWFORD STEPHEN GLENN | Grant | 12K | — |
| 2026-02-11 | Stewart Michelle Renee | Grant | 3.3K | — |
| 2026-02-11 | Costa Mark J | Grant | 64K | — |
| 2026-02-11 | McAlindon Julie A. | Grant | 7.3K | — |
| 2026-02-11 | Caveness Michelle H | Grant | 1.9K | — |
| 2026-02-11 | SMITH BRIAN TRAVIS | Grant | 11K | — |
| 2026-02-11 | Holt Adrian James | Grant | 2.3K | — |
| 2026-02-04 | McLain William Thomas Jr. | Option exercise | 3.0K | $65.16 |
| 2026-02-04 | McLain William Thomas Jr. | Tax withheld | 2.6K | $78.49 |
| 2026-02-04 | Costa Mark J | Option exercise | 49K | $65.16 |
| 2026-02-04 | Costa Mark J | Tax withheld | 44K | $78.49 |
| 2025-10-01 | Caveness Michelle H | Option exercise | 6.7K | — |
| 2025-10-01 | Caveness Michelle H | Tax withheld | 1.6K | $61.96 |
| 2025-08-27 | SMITH BRIAN TRAVIS | Buy | 1.8K | $68.34 |
| 2025-08-27 | McLain William Thomas Jr. | Buy | 3.7K | $68.73 |
| 2025-08-27 | Mink Kim Ann | Buy | 1.4K | $69.38 |
| 2025-08-27 | LICH BRAD A | Buy | 3.3K | $68.49 |
| 2025-08-27 | McAlindon Julie A. | Buy | 2.0K | $68.43 |
| 2025-08-27 | BUTLER ERIC L | Buy | 3.0K | $68.65 |
| 2025-08-27 | Holder Julie Fasone | Buy | 1.5K | $68.80 |
| 2025-08-27 | Audia Damon J | Buy | 1.5K | $68.58 |
| 2025-08-27 | Costa Mark J | Buy | 7.4K | $67.89 |
| 2025-08-27 | BEGEMANN BRETT D | Buy | 1.5K | $68.28 |
| 2025-08-27 | OBRIEN JAMES J /KY | Buy | 1.4K | $68.81 |
| 2025-05-01 | Holder Julie Fasone | Grant | 1.6K | — |
| 2025-05-01 | OBRIEN JAMES J /KY | Grant | 1.6K | — |
| 2025-05-01 | HORNBAKER RENEE J | Grant | 1.6K | — |
| 2025-05-01 | BUTLER ERIC L | Grant | 1.6K | — |
| 2025-05-01 | SLAGER DONALD W | Grant | 1.6K | — |
| 2025-03-07 | LICH BRAD A | Gift | 1.8K | — |
| 2025-03-03 | Caveness Michelle H | Option exercise | 1.1K | $83.84 |
| 2025-03-03 | Caveness Michelle H | Sell | 1.1K | $98.51 |
| 2025-02-26 | Costa Mark J | Option exercise | 4.8K | $65.16 |
| 2025-02-26 | Costa Mark J | Sell | 4.8K | $100.08 |
| 2025-02-21 | McLain William Thomas Jr. | Option exercise | 2.0K | $74.46 |
| 2025-02-21 | McLain William Thomas Jr. | Sell | 2.0K | $101.00 |
| 2025-02-20 | Holt Adrian James | Sell | 2.0K | $101.18 |
| 2025-02-18 | LICH BRAD A | Grant | 19K | — |
| 2025-02-18 | LICH BRAD A | Tax withheld | 6.2K | $103.47 |
| 2025-02-18 | CRAWFORD STEPHEN GLENN | Grant | 17K | — |
| 2025-02-18 | CRAWFORD STEPHEN GLENN | Tax withheld | 5.2K | $103.47 |
| 2025-02-18 | Holt Adrian James | Grant | 2.7K | — |
| 2025-02-18 | Holt Adrian James | Tax withheld | 697 | $103.47 |
| 2025-02-18 | Costa Mark J | Grant | 82K | — |
| 2025-02-18 | Costa Mark J | Tax withheld | 31K | $103.47 |
| 2025-02-18 | Caveness Michelle H | Grant | 1.6K | — |
| 2025-02-18 | Caveness Michelle H | Tax withheld | 440 | $103.47 |
| 2025-02-18 | McLain William Thomas Jr. | Grant | 19K | — |
| 2025-02-18 | McLain William Thomas Jr. | Tax withheld | 6.2K | $103.47 |
| 2025-02-18 | Killian Christopher Moore | Grant | 12K | — |
| 2025-02-18 | Killian Christopher Moore | Tax withheld | 3.2K | $103.47 |
| 2025-02-18 | SMITH BRIAN TRAVIS | Grant | 4.2K | — |
| 2025-02-18 | SMITH BRIAN TRAVIS | Tax withheld | 1.2K | $103.47 |
| 2025-02-18 | McAlindon Julie A. | Grant | 8.4K | — |
| 2025-02-18 | McAlindon Julie A. | Tax withheld | 2.1K | $103.47 |
| 2025-02-18 | Stewart Michelle Renee | Grant | 4.0K | — |
| 2025-02-18 | Stewart Michelle Renee | Tax withheld | 1.3K | $103.47 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-12 | Shareholder vote | filing ↗ |
| 2026-04-30 | ResultsExhibits | filing ↗ |
| 2026-02-20 | Material agreementOtherExhibits | filing ↗ |
| 2026-01-29 | ResultsExhibits | filing ↗ |
| 2025-11-03 | ResultsExhibits | filing ↗ |
| 2025-10-09 | Exec/director change | filing ↗ |
| 2025-07-31 | ResultsExhibits | filing ↗ |
| 2025-06-27 | Exec/director changeReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-12 | 2026-05-07 | 0000915389-26-000123 ↗ |
| 10-Q | 2026-05-01 | 2026-03-31 | 0000915389-26-000099 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0000915389-26-000094 ↗ |
| 8-K | 2026-02-20 | 2026-02-20 | 0001193125-26-061351 ↗ |
| 10-K | 2026-02-13 | 2025-12-31 | 0000915389-26-000013 ↗ |
| 8-K | 2026-01-29 | 2026-01-29 | 0000915389-26-000006 ↗ |
| 10-Q | 2025-11-04 | 2025-09-30 | 0000915389-25-000183 ↗ |
| 8-K | 2025-11-03 | 2025-11-03 | 0000915389-25-000176 ↗ |
| 8-K | 2025-10-09 | 2025-10-08 | 0000915389-25-000160 ↗ |
| 10-Q | 2025-08-01 | 2025-06-30 | 0000915389-25-000155 ↗ |
| 8-K | 2025-07-31 | 2025-07-31 | 0000915389-25-000152 ↗ |
| 8-K | 2025-06-27 | 2025-06-27 | 0000915389-25-000136 ↗ |