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Eastman Chemical (EMN) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · Eastman Chemical (EMN) Q3 2026 earnings results →

Q3 2026 Revenue up 8% year over year to $2.4B · 11¢ of every $1 of revenue kept as net profit · operating margin 10.4%

Eastman Chemical made $2.4B in Q3 2026 (+8% Y/Y). Operating margin 10.4%, net earnings $253M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.

Revenue$2.4B
Year over year+8%
Operating margin10.4%
Net earnings$253M
Operating cash flow$290M

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Eastman Chemical Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Eastman Chemical Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $2.4B in Q3 2026, up 8% year over year and down 5% from the previous quarter.

Gross margin was 22.3%, up 2.6 points from Q3 2025. Operating profit was $0.25B, a 10.4% margin (up 4.4 points year over year). Of the extra revenue versus Q3 2025, 63% reached operating profit, above the 6% margin then. Operating expenses fell 5% while revenue rose 8%. Net earnings were $0.25B, up 265% year over year. The effective tax rate was -1.6%.

Operating cash flow was $0.29B (down 28% year over year), 115% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $0.10B left free cash flow of $0.20B.

Quarterly history

Eastman Chemical revenue by quarterEastman Chemical revenue by quarter$2.3BQ1 2025$2.3BQ2 2025$2.2BQ3 2025$2.0BQ4 2025$2.2BQ1 2026$2.5BQ2 2026$2.4BQ3 2026
Eastman Chemical net earnings by quarterEastman Chemical net earnings by quarter$183MQ1 2025$140MQ2 2025$47.0MQ3 2025$105MQ4 2025$107MQ1 2026$184MQ2 2026$253MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 30, 2026$2.4B+8%10.4%$253M$290M
Q2 202610-QJul 31, 2026$2.5B+10%10.2%$184M$224M
Q1 202610-QMay 1, 2026$2.2B-5%6.2%$107M−$137M
Q4 202510-KFeb 13, 2026$2.0B-12%0.6%$105M$502M
Q3 202510-QNov 4, 2025$2.2B-11%6.1%$47.0M$402M
Q2 202510-QAug 1, 2025$2.3B-3%7.4%$140M$233M
Q1 202510-QApr 25, 2025$2.3B-0.9%11.0%$183M−$167M

Charts

Eastman Chemical: revenue growth, year over year and quarter over quarterEastman Chemical: revenue growth, year over year and quarter over quarterY/YQ/Q-1%Q1 2025-3%0%Q2 2025-11%-4%Q3 2025-12%-10%Q4 2025-5%+10%Q1 2026+10%+15%Q2 2026+8%-5%Q3 2026
Latest (Q3 2026): Y/Y +8%, Q/Q -5%.
Eastman Chemical: where the cash came from (+) and went (−), TTM to Q3 2026Eastman Chemical: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$879MCapital spending−$410MDividends−$382MCash drawn (+) / kept (−)−$279MNet borrowing (+) / repaid (−)$154MOther investing$64.0MOther financing−$30.0MExchange rates$4.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Eastman Chemical: profit against cash, quarter by quarterEastman Chemical: profit against cash, quarter by quarterNet incomeOperating cash flow$331M$540MQ4 2024$183M−$167MQ1 2025$140M$233MQ2 2025$69.0M$402MQ3 2025$83.0M$502MQ4 2025$107M−$137MQ1 2026$184M$224MQ2 2026$253M$290MQ3 2026
Latest (Q3 2026): Net income $253M, Operating cash flow $290M.
Eastman Chemical: diluted shares by fiscal yearEastman Chemical: diluted shares by fiscal year136MFY2020137MFY2021125MFY2022119MFY2023118MFY2024116MFY2025
-15.3% since FY2020: buybacks shrank the count.
Eastman Chemical in its industry: growth against margin (12 companies, SIC 2821)Eastman Chemical in its industry: growth against margin (12 companies, SIC 2821)revenue growth, year over year →↑ operating marginmedian +9%median 9%DOW Chemical CoDOWDDALBAVNTTSEOQHXLASIXROGPCTHGYNEMN (+8%, 10%)
Plastic Materials, Synth Resins & Nonvulcan Elastomers; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Eastman Chemical against its Plastic Materials, Synth Resins & Nonvulcan Elastomers peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +10%. Operating margin: 10.4% against the peers' median 9.3%.

CompanyQuarterRevenueY/YOp. margin
EMN Eastman ChemicalQ3 2026$2.4B+8%10.4%
DOW ChemicalQ2 2026$12.1B+20%7.2%
DOW DOWQ3 2026$11.3B+13%5.7%
DD DuPont de NemoursQ3 2026$1.9B+4%12.5%
ALB AlbemarleQ3 2026$1.6B+19%9.5%
AVNT AvientQ3 2026$891M+10%9.3%
TSEOQ TrinseoQ2 2026$845M+8%0.0%
HXL HexcelQ3 2026$496M+9%11.0%
ASIX AdvanSixQ3 2026$431M+15%-2.6%

Source: Eastman Chemical 10-Q on SEC EDGAR · CIK 915389 · Plastic Materials, Synth Resins & Nonvulcan Elastomers

Guidance and outlook

Eastman Chemical: what its forward-looking statements are about (10-Q filed 2026-10-30)Eastman Chemical: what its forward-looking statements are about (10-Q filed 2026-10-30)Tax4Other2Demand1Costs1Capital spending1
9 statements; tone -0.11 (−1 all cautious, +1 all confident); 2 hedged.
Eastman Chemical: outlook statements against the filing beforeEastman Chemical: outlook statements against the filing beforeConfident1Cautious2

13F: who owns EMN and who is buying

Largest holders of EMN (13F)Largest holders of EMN (13F)BlackRock$1.1BVanguard Group$847MVanguard Portfolio Management LLC$506MDimensional Fund Advisors LP$346MVanguard Capital Management LLC$346MState Street$283MMorgan Stanley$223MFranklin Resources$192MMassachusetts Financial Services$178MBank of America$165M
Funds' net buying of EMN by quarter (13F)Funds' net buying of EMN by quarter (13F)−$96.8M2024-09$118M2024-12$6.0M2025-03−$97.7M2025-06−$92.2M2025-09$115M2025-12$428M2026-03−$125M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on EMN

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版:Eastman Chemical(EMN)财报

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