Eastman Chemical Company (EMN)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,061,000 | 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 | 2,234,000 | 2,203,000 | 2,357,000 | 2,472,000 |
| Revenue (ttm) | US$ in thousands | 9,210,000 | 9,376,000 | 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 | 9,273,000 | 9,444,000 | 9,666,000 | 9,924,000 |
| Gross profit margin | 22.38% | 21.04% | 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% | 24.09% | 23.33% | 24.38% | 24.91% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,061,000K ÷ $9,210,000K
= 22.38%
The gross profit margin of Eastman Chemical Co has shown fluctuations over the past eight quarters. In Q4 2023, the gross profit margin was at 22.38%, which was an improvement from the previous quarter at 21.04%. Comparing year-over-year trends, Q4 2023 also reflected a slight increase from the same period in 2022, where the gross profit margin was 20.20%.
Despite some variability, the overall trend indicates a generally stable gross profit margin performance for Eastman Chemical Co. It is important to further investigate the factors contributing to these fluctuations to assess the company's profitability and operational efficiency.
Peer comparison
Dec 31, 2023