Eastman Chemical Company (EMN)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,078,000 | 1,087,000 | 977,000 | 1,082,000 | 530,000 |
| Revenue | US$ in thousands | 9,382,000 | 9,210,000 | 10,580,000 | 10,476,000 | 8,473,000 |
| Pretax margin | 11.49% | 11.80% | 9.23% | 10.33% | 6.26% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,078,000K ÷ $9,382,000K
= 11.49%
The pretax margin of Eastman Chemical Company has shown a positive trend over the five-year period from 2020 to 2024. It increased from 6.26% in 2020 to 11.49% in 2024. The company's ability to generate profits before taxes has improved consistently during this period, indicating effective cost management and operational efficiency. The pretax margin peaked in 2023 at 11.80%, displaying a strong performance in maximizing earnings relative to total revenue. This trend suggests that Eastman Chemical Company has been successful in controlling costs and optimizing its business operations, leading to enhanced profitability before tax expenses.
Peer comparison
Dec 31, 2024