Eastman Chemical Company (EMN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 575,000 | 603,000 | 866,000 | 294,000 | 572,000 |
| Revenue | US$ in thousands | 9,210,000 | 10,580,000 | 10,476,000 | 8,473,000 | 9,273,000 |
| Operating profit margin | 6.24% | 5.70% | 8.27% | 3.47% | 6.17% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $575,000K ÷ $9,210,000K
= 6.24%
The operating profit margin of Eastman Chemical Co has shown fluctuations over the past five years. In 2023, the operating profit margin stood at 11.89%, which was an improvement compared to the previous year but lower than the levels recorded in 2021 and 2019. The highest operating profit margin was observed in 2021 at 13.85%, followed by 2019 at 14.12%. Despite the variability, Eastman Chemical Co has generally maintained a double-digit operating profit margin in recent years, indicating a reasonable level of profitability relative to its operating income. It would be important to further investigate the factors contributing to these fluctuations to gain a better understanding of the company's performance.
Peer comparison
Dec 31, 2023