Eastman Chemical Company (EMN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,290,000 | 2,061,000 | 2,137,000 | 2,500,000 | 1,975,000 |
| Revenue | US$ in thousands | 9,382,000 | 9,210,000 | 10,580,000 | 10,476,000 | 8,473,000 |
| Gross profit margin | 24.41% | 22.38% | 20.20% | 23.86% | 23.31% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,290,000K ÷ $9,382,000K
= 24.41%
The gross profit margin of Eastman Chemical Company has displayed some fluctuations over the past five years. In December 2020, the gross profit margin stood at 23.31%, and it slightly increased to 23.86% by December 2021. However, there was a notable decrease in the margin to 20.20% by December 2022. The margin then rebounded to 22.38% by December 2023, showing signs of recovery. The most recent data point, in December 2024, indicates a significant improvement with a gross profit margin of 24.41%.
Overall, the gross profit margin trend of Eastman Chemical Company seems to have experienced variability, with some years showing improvements and others demonstrating declines. It is essential for the company to continue monitoring and managing its cost of goods sold and revenue generation strategies to ensure sustained profitability and operational efficiency.
Peer comparison
Dec 31, 2024