Eastman Chemical Company (EMN)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,308,000 | 2,203,000 | 2,082,000 | 2,047,000 | 2,046,000 | 1,973,000 | 2,030,000 | 2,116,000 | 2,137,000 | 2,320,000 | 2,441,000 | 2,452,000 | 2,500,000 | 2,467,000 | 2,306,000 | 1,996,000 | 1,975,000 | 1,946,000 | 2,019,000 | 2,237,000 |
| Revenue (ttm) | US$ in thousands | 9,377,000 | 9,337,000 | 10,923,000 | 10,887,000 | 10,991,000 | 11,159,000 | 9,818,000 | 10,278,000 | 10,580,000 | 10,901,000 | 10,912,000 | 10,781,000 | 10,476,000 | 9,968,000 | 9,370,000 | 8,641,000 | 8,473,000 | 8,492,000 | 8,695,000 | 9,134,000 |
| Gross profit margin | 24.61% | 23.59% | 19.06% | 18.80% | 18.62% | 17.68% | 20.68% | 20.59% | 20.20% | 21.28% | 22.37% | 22.74% | 23.86% | 24.75% | 24.61% | 23.10% | 23.31% | 22.92% | 23.22% | 24.49% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,308,000K ÷ $9,377,000K
= 24.61%
The gross profit margin of Eastman Chemical Company has shown some variations over the quarters. It decreased from 24.49% as of March 31, 2020, to 17.68% as of September 30, 2023, displaying a declining trend. However, there was a slight recovery with an increase to 24.61% by December 31, 2024. This improvement indicates better efficiency in generating profits from sales after deducting the cost of goods sold during that period. It is essential for the company to maintain a healthy gross profit margin to ensure sustainable operations and profitability in the long term.
Peer comparison
Dec 31, 2024