“Net Debt June 30, December 31, (Dollars in millions) 2026 2025 Total borrowings $ 5,217 $ 4,787 Less: Cash and cash equivalents 691 566 Net debt (1) $ 4,526 $ 4,221 (1) Included a non-cash decrease of $17 million in 2026 and a non-cash increase of $68 million…”10-Q · Jul 31, 2026 ↗
Eastman Chemical Company
EMN
Market read
Eastman Chemical Company's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
- Advanced Materials segment reported a $13 million (1%) favorable exchange rate effect on second-quarter 2026 sales.
- Net interest expense in Q1 2026 was $52 million, up from $49 million, driven by lower capitalized interest and lower interest income.
Invalidation: The isolated read changes if EMN's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Advanced Materials segment reported a $13 million (1%) favorable exchange rate effect on second-quarter 2026 sales.
- Net interest expense in Q1 2026 was $52 million, up from $49 million, driven by lower capitalized interest and lower interest income.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating cash flow covered net income at 2.05x in the latest annual period.
- Latest annual revenue changed -6.7% year over year.
- Net margin changed -4.2 percentage points in the latest annual period.
- Energy and commodity prices has repeated adverse evidence across 5 filings.
- Input and raw-material costs has repeated adverse evidence across 5 filings.
- Restructuring and cost reductions has repeated adverse evidence across 5 filings.
- Tariffs and trade policy has repeated adverse evidence across 4 filings.
- Demand and volume has repeated adverse evidence across 3 filings.
- P/E is 46% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 46% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
68.36Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“EBIT decreased in first six months 2026 compared to first six months 2025 primarily due to $68 million lower sales volume mix and unfavorable asset utilization and lower selling prices and higher raw material and energy costs.”10-Q · Jul 31, 2026 ↗
“Net Debt June 30, December 31, (Dollars in millions) 2026 2025 Total borrowings $ 5,217 $ 4,787 Less: Cash and cash equivalents 691 566 Net debt (1) $ 4,526 $ 4,221 (1) Included a non-cash decrease of $17 million in 2026 and a non-cash increase of $68 million…”10-Q · Jul 31, 2026 ↗
“EBIT decreased in first six months 2026 compared to first six months 2025 primarily due to $68 million lower sales volume mix and unfavorable asset utilization and lower selling prices and higher raw material and energy costs.”10-Q · Jul 31, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.9× · EV/sales 1.3×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 09:30 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for EMN. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for EMN. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind EMN
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
HUNHuntsman CorporationcompetitorFeb 13, 2026 ▾
“Principal Products Product Description Principal Competitors Key Raw Materials End-Use Applications Care Additives Alkylamine derivatives Organic acids and derivatives Cellulosic biopolymers amine derivative-based building blocks for production of flocculants…”
XOMExxonMobil Holdings CorporationlenderFeb 13, 2026 ▾
“OXEA Celanese Corporation Lonza Ineos Group Holdings S.A propane ethane propylene coal natural gas paraxylene industrial chemicals and processing building and construction (paint and coating applications, construction chemicals, building materials) pharmaceut…”
Depended on by
BCPCBalchem CorporationpartnerApr 30, 2026 ▾
“NOTE 6 - EQUITY METHOD INVESTMENT In January 2014, BCP Ingredients, Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
EMN is currently a Leader in the organic co-movement group Specialty Chemicals. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for EMN; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.