Eastman Chemical Company (EMN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 894,000 | 793,000 | 857,000 | 478,000 | 759,000 |
| Revenue | US$ in thousands | 9,210,000 | 10,580,000 | 10,476,000 | 8,473,000 | 9,273,000 |
| Net profit margin | 9.71% | 7.50% | 8.18% | 5.64% | 8.19% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $894,000K ÷ $9,210,000K
= 9.71%
The net profit margin of Eastman Chemical Co has shown fluctuations over the past five years. In 2023, the net profit margin increased to 9.71% from 7.50% in 2022, reflecting improved profitability. This may indicate that the company effectively managed its expenses or increased its revenue generation. Comparing it to 2021 and 2019, where the net profit margin was 8.18% and 8.19% respectively, 2023 seems to be a strong year in terms of profitability. However, it is worth noting that the net profit margin was lower in 2020 at 5.64%, which suggests a significant improvement in profitability performance in 2023 compared to the previous year. Overall, Eastman Chemical Co's net profit margin has shown variability, but the recent increase in 2023 indicates a positive trend towards enhanced profitability.
Peer comparison
Dec 31, 2023