Also trades as: 0IF3.L (LSE) · $vol 0M
EMN NYSE
Eastman Chemical Company
1W: +4.2%
1M: -0.5%
3M: -1.7%
YTD: +2.8%
1Y: +6.9%
3Y: +1.3%
5Y: -27.8%
$66.12
+0.39 (+0.59%)
Weekly Expected Move ±3.1%
$61
$63
$65
$67
$69
Credit Risk of going bust: lower than 53% of companies Debt: 40.8% of company value Bonds: $232.8M held by 190 funds, 87 bp over Treasuries → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $2.96 (down 96%), Eastman Chemical Company would be worth roughly what it owes.
Total debt $5.22B against a stock market value of $7.56B.
Distance to default 5.43 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $2.99B (short-term plus half of long-term), stock volatility 32.1%; Altman Z 2.26. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $2.96 (down 96%), Eastman Chemical Company would be worth roughly what it owes.
Total debt $5.22B against a stock market value of $7.56B.
Distance to default 5.43 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $2.99B (short-term plus half of long-term), stock volatility 32.1%; Altman Z 2.26. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Cash Flow Trends
Operating Cash Flow
$970M
-24.6% ▼
5Y CAGR: -7.8%
Capital Expenditures
$546M
+8.8% ▲
5Y CAGR: +6.6%
Free Cash Flow
$424M
-38.4% ▼
5Y CAGR: -16.7%
Dividends Paid
$381M
-0.5% ▼
Buybacks
$100M
+66.7% ▲
Net Change in Cash
-$837M
-389.6% ▼
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $867M | $796M | $896M | $908M | $474M |
| Depreciation & Amort. | $538M | $477M | $498M | $509M | $513M |
| Stock-Based Comp. | $0 | $0 | $0 | $0 | $0 |
| Change in Working Capital | -$27M | $13M | $291M | -$29M | -$186M |
| Other Non-Cash Items | $279M | -$175M | -$209M | -$49M | $28M |
| Operating Cash Flow | $1.6B | $975M | $1.4B | $1.3B | $970M |
| — Investing Activities — | |||||
| Capital Expenditures | -$555M | -$611M | -$828M | -$599M | -$546M |
| Acquisitions (Net) | $553M | $997M | $379M | $38M | $38M |
| Investment Purchases | $0 | $0 | $0 | $0 | $0 |
| Investment Sales | $0 | $0 | $0 | $0 | $0 |
| Other Investing | -$27M | $6M | $17M | $27M | $46M |
| Investing Cash Flow | -$29M | $392M | -$432M | -$534M | -$462M |
| — Financing Activities — | |||||
| Net Debt Issuance | -$350M | $76M | -$338M | $198M | -$304M |
| Stock Repurchased | -$1.0B | -$1.0B | -$150M | -$300M | -$100M |
| Dividends Paid | -$375M | -$381M | -$376M | -$379M | -$381M |
| Other Financing | $35M | -$14M | -$24M | $27M | -$12M |
| Financing Cash Flow | -$1.7B | -$1.3B | -$888M | -$454M | -$797M |
| Net Change in Cash | -$105M | $34M | $55M | $289M | -$837M |
| Cash End of Period | $459M | $493M | $548M | $837M | $0 |
| Free Cash Flow | $1.0B | $364M | $546M | $688M | $424M |