Eastman Chemical Company (EMN)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,078,000 | 1,206,000 | 1,125,000 | 1,107,000 | 1,087,000 | 690,000 | 772,000 | 884,000 | 977,000 | 1,478,000 | 1,518,000 | 1,030,000 | 1,082,000 | 578,000 | 447,000 | 553,000 | 530,000 | 514,000 | 637,000 | 954,000 |
| Revenue (ttm) | US$ in thousands | 9,377,000 | 9,337,000 | 10,923,000 | 10,887,000 | 10,991,000 | 11,159,000 | 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 |
| Pretax margin | 11.50% | 12.92% | 10.30% | 10.17% | 9.89% | 6.18% | 7.86% | 8.60% | 9.23% | 13.56% | 13.91% | 9.55% | 10.33% | 5.80% | 4.77% | 6.40% | 6.26% | 6.05% | 7.33% | 10.44% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,078,000K ÷ $9,377,000K
= 11.50%
The pretax margin of Eastman Chemical Company has fluctuated over the past several quarters. The company's pretax margin started at 10.44% in March 2020, then decreased to 7.33% by June 2020, indicating a potential decline in operational efficiency or profitability.
Subsequently, the pretax margin continued to decrease to 4.77% by June 2021, suggesting that the company may be facing challenges in generating earnings before taxes relative to its revenue during that period. However, from June 2021 onwards, there was a gradual improvement in the pretax margin, with a notable peak of 13.91% in June 2022.
Despite this peak, the pretax margin exhibited some variability in the following quarters, displaying values between 6.18% and 12.92%. By the end of December 2024, the pretax margin stood at 11.50%, showing a reasonable level of profitability before taxes.
Overall, the historical trend of Eastman Chemical Company's pretax margin suggests that the company experienced fluctuations in its profitability performance over the analyzed period, with some quarters showing stronger earnings generation before taxes compared to others.
Peer comparison
Dec 31, 2024