Eastman Operating Income from 2010 to 2026

EMN Stock  USD 68.07  0.33  0.48%   
Eastman Chemical Operating Income yearly trend continues to be very stable with very little volatility. Operating Income is likely to drop to about 948.2 M. Operating Income is earnings before interest and taxes (EBIT), representing the amount of profit Eastman Chemical generates from its operations. View All Fundamentals
 
Operating Income  
First Reported
1993-03-31
Previous Quarter
284 M
Current Value
210 M
Quarterly Volatility
302.1 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Eastman Chemical financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Eastman Chemical's main balance sheet or income statement drivers, such as Depreciation And Amortization of 450.8 M, Interest Expense of 128.7 M or Total Revenue of 7.9 B, as well as many indicators such as Price To Sales Ratio of 0.77, Dividend Yield of 0.0329 or PTB Ratio of 2.86. Eastman financial statements analysis is a perfect complement when working with Eastman Chemical Valuation or Volatility modules.
  
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Check out the analysis of Eastman Chemical Correlation against competitors.
To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.

Latest Eastman Chemical's Operating Income Growth Pattern

Below is the plot of the Operating Income of Eastman Chemical over the last few years. Operating Income is the amount of profit realized from Eastman Chemical operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Eastman Chemical is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. Eastman Chemical's Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Eastman Chemical's overall financial position and show how it may be relating to other accounts over time.
Operating Income10 Years Trend
Pretty Stable
   Operating Income   
       Timeline  

Eastman Operating Income Regression Statistics

Arithmetic Mean1,289,917,647
Geometric Mean1,232,618,867
Coefficient Of Variation27.72
Mean Deviation279,193,080
Median1,323,000,000
Standard Deviation357,526,300
Sample Variance127825.1T
Range1.5B
R-Value0.12
Mean Square Error134259.1T
R-Squared0.02
Significance0.64
Slope8,760,784
Total Sum of Squares2045200.9T

Eastman Operating Income History

2026948.2 M
20251.6 B
20241.4 B
20231.1 B
20221.1 B
20211.5 B
20201.1 B

Other Fundumenentals of Eastman Chemical

Eastman Chemical Operating Income component correlations

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About Eastman Chemical Financial Statements

Eastman Chemical investors utilize fundamental indicators, such as Operating Income, to predict how Eastman Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Operating Income1.6 B948.2 M
Non Operating Income Net Other-33.3 M-35 M

Pair Trading with Eastman Chemical

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eastman Chemical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eastman Chemical will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eastman Stock

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Moving against Eastman Stock

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The ability to find closely correlated positions to Eastman Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastman Chemical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eastman Chemical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eastman Chemical to buy it.
The correlation of Eastman Chemical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eastman Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastman Chemical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eastman Chemical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Eastman Chemical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eastman Chemical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eastman Chemical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eastman Chemical Stock:
Check out the analysis of Eastman Chemical Correlation against competitors.
To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Diversified Chemicals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eastman Chemical. If investors know Eastman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eastman Chemical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.74)
Dividend Share
3.32
Earnings Share
5.99
Revenue Per Share
78.384
Quarterly Revenue Growth
(0.11)
The market value of Eastman Chemical is measured differently than its book value, which is the value of Eastman that is recorded on the company's balance sheet. Investors also form their own opinion of Eastman Chemical's value that differs from its market value or its book value, called intrinsic value, which is Eastman Chemical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eastman Chemical's market value can be influenced by many factors that don't directly affect Eastman Chemical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eastman Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastman Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastman Chemical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.