Filing Flows › Eastman Chemical (EMN) › Q4 2025
Eastman Chemical (EMN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Eastman Chemical (EMN) reported revenue of $2.0B for the fourth quarter 2025 (Q4 2025), -12% from a year earlier and -10% from the quarter before. Operating margin was 0.6%, net earnings $105M (5.3% of revenue).
Eastman Chemical, Q4 2025: revenue $2.0B (-12% year over year), operating margin 0.6%, net earnings $105M, operating cash flow $502M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -10% | -12% |
| Gross profit | $338M | -22% | -39% |
| Operating profit | $12.0M | -91% | -96% |
| Net earnings | $105M | +123% | -68% |
| Operating cash flow | $502M | +25% | -7% |
| Free cash flow | $390M | +47% | +8% |
What changed
Revenue was $2.0B in Q4 2025, down 12% year over year and down 10% from the previous quarter.
Gross margin was 17.1%, down 7.5 points from a year earlier. Operating profit was $0.01B, a 0.6% margin (down 12.6 points year over year). Operating expenses grew 27% against a revenue fall of 12%. The fastest-growing cost line was Other operating costs (+1111%). Net earnings were $0.10B, down 68% year over year. The tax line was a benefit of $0.09B on pre-tax earnings of $0.01B.
Operating cash flow was $0.50B (down 7% year over year), 478% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.26B. Capital expenditures of $0.11B left free cash flow of $0.39B.
Questions
What was Eastman Chemical's revenue in the fourth quarter 2025?
Eastman Chemical (EMN) reported revenue of $2.0B for the fourth quarter 2025 (Q4 2025), -12% from a year earlier and -10% from the quarter before.
Was Eastman Chemical profitable in the fourth quarter 2025?
Operating profit was $12.0M (0.6% of revenue) and net earnings $105M.
Source: Eastman Chemical 10-K on SEC EDGAR.