Filing Flows › Eastman Chemical (EMN) › Q2 2025
Eastman Chemical (EMN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Eastman Chemical (EMN) reported revenue of $2.3B for the second quarter 2025 (Q2 2025), -3% from a year earlier and -0.1% from the quarter before. Operating margin was 7.4%, net earnings $140M (6.1% of revenue).
Eastman Chemical, Q2 2025: revenue $2.3B (-3% year over year), operating margin 7.4%, net earnings $140M, operating cash flow $233M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | -0.1% | -3% |
| Gross profit | $506M | -11% | -16% |
| Operating profit | $169M | -33% | -41% |
| Net earnings | $140M | -23% | -39% |
| Operating cash flow | $233M | — | -37% |
| Free cash flow | $83.0M | — | -67% |
What changed
Revenue was $2.3B in Q2 2025, down 3% year over year and roughly flat from the previous quarter.
Gross margin was 22.1%, down 3.2 points from a year earlier. Operating profit was $0.17B, a 7.4% margin (down 4.8 points year over year). Operating expenses grew 8% against a revenue fall of 3%. The fastest-growing cost line was Other operating costs (+57%). Net earnings were $0.14B, down 39% year over year. The effective tax rate was 17.2%.
Operating cash flow was $0.23B (down 37% year over year), 166% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.15B left free cash flow of $0.08B.
Questions
What was Eastman Chemical's revenue in the second quarter 2025?
Eastman Chemical (EMN) reported revenue of $2.3B for the second quarter 2025 (Q2 2025), -3% from a year earlier and -0.1% from the quarter before.
Was Eastman Chemical profitable in the second quarter 2025?
Operating profit was $169M (7.4% of revenue) and net earnings $140M.
Source: Eastman Chemical 10-Q on SEC EDGAR.