Eastman Chemical Company (EMN) Stock

Eastman Chemical Company (EMN) is a Materials stock trading at $74.15 (as of 2026-08-21), with a market capitalization of $8.48B and a trailing P/E of 19.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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.

Understand Eastman Chemical Company: how it makes money

Eastman Chemical Company makes specialty materials and chemicals, including resins, solvents, performance polymers, fungicides and plant growth regulators, and it earns money by selling these products to customers in transportation and other end markets.

Eastman appears to be an operating-rate and yield driven profit model, with multiple tracked production efficiency metrics such as Methanolysis Consolidated Operating Rate (Sustained) and Kingsport DMT Yield (Operational KPI) that can influence how much sellable output it produces and thus how sales volume and mix translate into results.

Revenue by segment (latest quarter)
Advanced Materials$0.7B
Additives & Functional Products$0.7B
Chemical Intermediates$0.5B
Fibers$0.3B

Business quality (Weak): The company has a clean, product-style segment breakdown and a defined set of operating KPIs, but some KPIs are plant yield and test-oriented, so it can be less straightforward for retail investors to connect them to near-term earnings.

Valuation: At 21× earnings, EMN trades 45% below the Chemicals average (38×). Note: one-time items can distort reported P/E.

Bull case

  • Diversified specialty product portfolio across major segment types, including Advanced Materials, Additives and Functional Products, Chemical Intermediates, and Fibers: This mix can support multiple pathways to revenue compared with a single product focus.
  • Tracked production efficiency metrics show active operational focus, including Kingsport Project Yield at 90.0 percent and Methanolysis Consolidated Operating Rate (Sustained) at 70.0 percent: Operational performance and conversion/yield execution are central to translating plant output into commercial sales.

Bear case

  • Sales Volume and Mix is -11.0 percent, and Volume Decline is 9.0 percent: Lower volume and unfavorable mix can pressure revenue and make it harder to sustain profitability.
  • Kingsport Capacity Expansion Feasibility is 30.0 percent: Lower feasibility suggests uncertainty around expansion timelines or the ability to convert projects into additional capacity.
Valuation — source: SEC EDGAR (first-party)
Price$74.15
Market Cap$8.48B
P/E Ratio19.2
EV / EBITDA12.3
Price / Book1.37
Price / Sales0.96
FCF Yield6.4%
DCF Value (model)$37.34
DCF Upside vs Price-49.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$8.75B
Net Margin5.4%
Revenue Growth (YoY)9.9%
EPS Growth (YoY)31.1%
FCF Growth (YoY)49.4%
Financial Health — source: SEC EDGAR
Altman Z-Score2.88 (grey)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Stock P/E19.2
Sector P/E (Materials)25.9
Industry P/E (Chemicals)31.1
vs Sector-25.9%
vs Industry-38.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($1.26B)
Institutional Holders Tracked10
Congressional Trades (recent)7
Company
SectorMaterials
IndustryChemicals
CEOMark J. Costa
Employees14,000
CountryUS
IPO Date1993-12-14

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials); 8 closest by market cap; US-domiciled)

  • Dow Inc. (DOW)
  • DuPont de Nemours, Inc. (DD)
  • Albemarle Corporation (ALB)
  • Hexcel Corporation (HXL)
  • Celanese Corporation (CE)
  • Avient Corporation (AVNT)
  • Rogers Corporation (ROG)
  • PureCycle Technologies, Inc. (PCT)
EMN earnings history · EMN institutional & insider holders · EMN KPIs & operating metrics · EMN financials · EMN investor presentations & press releases · EMN SEC filings · EMN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.