Eastman Chemical Company (EMN)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 814,000 | 710,000 | 744,000 | 804,000 | 857,000 | 1,404,000 | 1,494,000 | 1,496,000 | 1,530,000 | 1,503,000 | 1,335,000 | 957,000 | 960,000 | 869,000 | 999,000 | 1,325,000 | 1,264,000 | 1,268,000 | 1,411,000 | 1,513,000 |
| 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 |
| Operating profit margin | 8.84% | 7.57% | 7.58% | 7.82% | 8.10% | 12.88% | 13.69% | 13.88% | 14.60% | 15.08% | 14.25% | 11.08% | 11.33% | 10.23% | 11.49% | 14.51% | 13.63% | 13.43% | 14.60% | 15.25% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $814,000K ÷ $9,210,000K
= 8.84%
The operating profit margin of Eastman Chemical Co has shown some fluctuations over the quarters presented. In Q4 of 2023, the operating profit margin was 11.89%, a slight increase from the previous quarter. Comparing year-over-year, the operating profit margin in Q4 of 2023 was higher than Q4 of 2022, indicating an improvement in profitability.
However, it's important to note that the operating profit margin has been relatively stable around the 10-12% range over the past eight quarters, with some variability. This consistency may suggest effective cost management and operational efficiency within the company. Further analysis would be needed to understand the underlying factors driving these fluctuations and to assess the sustainability of the operating profit margin levels.
Peer comparison
Dec 31, 2023