Eastman Kodak Company (KODK) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 23	—	-$0.01	—	—	—	—
Q1 23	—	$0.19	—	—	—	—
Q4 22	—	-$0.08	—	—	—	—
Q3 22	—	-$0.12	—	—	—	—
Q2 22	—	$0.06	—	—	—	—
Q1 22	—	$0.16	—	—	—	—
Q4 21	—	$0.16	—	—	—	—
Q3 21	—	$1.51	—	—	—	—
Q2 21	—	-$6.94	—	—	—	—
Q1 21	—	-$0.23	—	—	—	—
Q4 20	—	-$2.66	—	—	—	—
Q3 20	—	-$1.58	—	—	—	—
Q2 20	—	-$0.35	—	—	—	—
Q1 20	—	-$0.25	—	—	—	—
Q4 19	—	-$0.4	—	—	—	—
Q3 19	—	$0.03	—	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$1.78	—	—	$1.1B	—
FY24	—	$0.97	—	—	$1B	—
FY23	—	$0.71	—	—	$1.1B	—
FY22	—	$0.33	—	—	$1.2B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.6B	$1.4B	$1.3B	$1.2B	$1B	$1.1B	$1.2B	$1.1B	$1B	$1.1B
YoY change	-8.87%	-15.6%	-4.76%	-5.91%	-17.1%	+11.8%	+4.78%	-7.3%	-6.62%	+2.49%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.6B	1.4B	1.3B	1.2B	1B	1.1B	1.2B	1.1B	1B	1.1B
Cost of revenue	1.2B	1.2B	1.1B	1.1B	894M	986M	1B	907M	840M	837M
Gross profit	403M	211M	180M	182M	135M	164M	170M	210M	203M	232M
Gross margin	24.5%	15.2%	13.6%	14.7%	13.1%	14.3%	14.1%	18.8%	19.5%	21.7%
Research & development	60M	64M	48M	42M	34M	33M	34M	34M	33M	33M
Selling, general & administrative	198M	239M	224M	211M	172M	177M	153M	159M	179M	174M
Operating expenses	259M	303M	265M	248M	199M	210M	186M	194M	214M	207M
Operating income	144M	-92M	-101M	-66M	-64M	-46M	-16M	16M	-11M	-128M
Operating margin	8.76%	-6.64%	-7.65%	-5.31%	-6.22%	-4%	-1.33%	1.43%	-1.05%	-12%
Non-operating income, net	-36M	70M	97M	22M	-300M	106M	86M	108M	168M	68M
Pretax income	51M	-26M	-13M	-60M	-376M	28M	31M	87M	110M	-112M
Income tax	33M	-120M	-4M	31M	168M	4M	5M	12M	8M	16M
Net income	16M	94M	-16M	116M	-541M	24M	26M	75M	102M	-128M
Net margin	0.97%	6.78%	-1.21%	9.34%	-52.6%	2.09%	2.16%	6.71%	9.78%	-12%
EBITDA	250M	139M	102M	92M	72M	87M	111M	219M	202M	41M
EPS	0.35	1.76	-0.84	2.23	-9.77	0.3	0.33	0.71	0.97	-1.78
Diluted EPS	0.35	1.76	-0.84	2.23	-9.77	0.3	0.33	0.67	0.9	-1.78

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	269M	275M	249M	267M	261M	266M	247M	263M	269M	290M	265M	311M
Cost of revenue	219M	228M	200M	209M	216M	215M	201M	212M	201M	223M	208M	229M
Gross profit	50M	47M	49M	58M	45M	51M	46M	51M	68M	67M	57M	82M
Gross margin	18.6%	17.1%	19.7%	21.7%	17.2%	19.2%	18.6%	19.4%	25.3%	23.1%	21.5%	26.4%
Research & development	7M	9M	9M	8M	8M	8M	9M	9M	7M	8M	8M	9M
Selling, general & administrative	40M	45M	45M	47M	44M	43M	45M	41M	41M	47M	48M	53M
Operating expenses	47M	54M	37M	56M	52M	52M	54M	50M	48M	55M	58M	62M
Operating income	3M	-8M	12M	2M	-7M	-1M	-8M	1M	20M	-141M	-1M	20M
Operating margin	1.12%	-2.91%	4.82%	0.75%	-2.68%	-0.38%	-3.24%	0.38%	7.43%	-48.6%	-0.38%	6.43%
Non-operating income, net	10M	18M	34M	37M	40M	40M	15M	-11M	10M	54M	-9M	4M
Pretax income	0	9M	35M	27M	21M	27M	-5M	-24M	16M	-99M	-13M	21M
Income tax	-2M	4M	3M	1M	3M	1M	2M	2M	3M	9M	3M	4M
Net income	2M	5M	32M	26M	18M	26M	-7M	-26M	13M	-108M	-16M	17M
Net margin	0.74%	1.82%	12.9%	9.74%	6.9%	9.77%	-2.83%	-9.89%	4.83%	-37.2%	-6.04%	5.47%
EBITDA	51M	41M	62M	51M	45M	58M	23M	25M	49M	-56M	15M	34M
EPS	0	—	0.31	0.25	0.16	0.32	-0.12	-0.36	-0.08	-1.11	-0.21	0.13
Diluted EPS	0	—	0.3	0.23	0.15	0.32	-0.12	-0.36	-0.08	-1.11	-0.21	0.13

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	657.2M	131.8M	108.9M	200M	—	—	241.3M	309.7M	526.3M	736M	938.9M
Enterprise value	634.2M	191.8M	276.9M	137.9M	—	—	387.3M	549.7M	824.3M	649M	863M
Shares outstanding	42.4M	42.5M	42.7M	43M	57.4M	78.7M	79.1M	79.4M	80.1M	87M	87M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	41.1	1.4	—	1.72	—	—	9.28	4.13	5.16	—	14.1
P/S	0.4	0.1	0.08	0.16	—	—	0.2	0.28	0.5	0.69	0.82
P/B	7.92	0.6	0.64	0.71	—	—	0.19	0.27	0.61	1.03	1.49
EV/EBITDA	2.54	1.38	2.71	1.5	—	—	3.49	2.51	4.08	15.8	4.88
EV/Sales	0.39	0.14	0.21	0.11	—	—	0.32	0.49	0.79	0.61	0.76
Earnings yield	2.43%	71.3%	—	58%	—	—	10.8%	24.2%	19.4%	—	7.08%
FCF yield	-8.52%	-79.7%	-87.2%	-1.5%	—	—	-60.9%	1.94%	-12%	60.6%	4.58%
PEG	—	—	—	—	—	—	—	—	—	—	-0.1

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	24.5%	15.2%	13.6%	14.7%	13.1%	14.3%	14.1%	18.8%	19.5%	21.7%	26.4%
Operating margin	8.76%	-6.64%	-7.65%	-5.31%	-6.22%	-4%	-1.33%	1.43%	-1.05%	-12%	8.04%
Net margin	0.97%	6.78%	-1.21%	9.34%	-52.6%	2.09%	2.16%	6.71%	9.78%	-12%	-8.28%
ROE	19.3%	42.5%	-9.41%	41.3%	-201.9%	2.46%	2.09%	6.57%	11.9%	-18%	-13%
ROA	0.9%	5.51%	-1.06%	8.2%	-43.3%	1.11%	1.14%	3.18%	5.1%	-7.92%	5.38%
ROIC	84.7%	-32.7%	-29.9%	-30.1%	-42.1%	-4.25%	-0.97%	1%	-0.88%	-20.4%	-18.4%
Return on tangible assets	1.18%	6.2%	-1.17%	8.94%	-47.2%	1.15%	1.18%	3.29%	5.27%	-8.21%	-6.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.49	2.29	1.17	1.92	2.12	2.61	2.32	2.52	2.28	3.14	2.91
Quick ratio	1.84	1.7	0.87	1.33	1.42	1.9	1.52	1.75	1.44	2.32	1.95
Debt / equity	4.95	1.82	2.36	0.61	0.3	0.32	0.29	0.43	0.58	0.35	0.21
Debt / assets	0.23	0.24	0.27	0.12	0.06	0.14	0.16	0.21	0.25	0.15	0.1
Net debt / EBITDA	-0.09	0.43	1.65	-0.67	-1.61	-0.57	1.32	1.1	1.48	-2.12	-3.38
Interest coverage	1.85	-2.25	-0.44	-2.75	-30.3	1.85	1.77	2.67	2.86	-0.81	-0.67
Effective tax rate	64.7%	0%	0%	0%	0%	14.3%	16.1%	13.8%	7.27%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	38.8	32.6	30.9	28.9	17.9	14.6	15.2	14.1	13	12.3	11.9
EPS (basic)	0.35	1.76	-0.84	2.23	-9.77	0.3	0.33	0.71	0.97	-1.78	-1.78
EPS (diluted)	0.35	1.76	-0.84	2.23	-9.77	0.3	0.33	0.67	0.9	-1.78	-1.37
Book value per share	1.96	5.2	3.98	6.53	4.67	12.4	15.7	14.4	10.7	8.2	6.36
FCF per share	-1.32	-2.47	-2.22	-0.07	-0.91	-0.86	-1.86	0.08	-0.79	5.13	4.51
Cash per share	10.2	8.07	5.46	5.42	3.41	4.6	2.74	3.21	2.51	3.87	2.96
Capex per share	0.97	0.89	0.77	0.35	0.3	0.27	0.39	0.4	0.7	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.5%	2.74%	2.5%	1.21%	1.65%	1.83%	2.57%	2.86%	5.37%	—	—
Capex / operating cash flow	73.2%	54.3%	37.5%	5.93%	-5.01%	44.7%	-140.9%	21.3%	34.4%	—	—
Payout ratio	0%	10.6%	-50%	2.59%	-4.07%	29.2%	15.4%	5.33%	3.92%	-1.56%	0%
Dividend yield	0%	7.59%	7.35%	1.5%	—	—	1.66%	1.29%	0.76%	0.27%	0.27%

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$269M	$275M	$249M	$267M	$261M	$266M	$247M	$263M	$269M	$290M	$265M	$311M
YoY change	-6.92%	-9.84%	-10.4%	-9.49%	-2.97%	-3.27%	-0.8%	-1.5%	+3.07%	+9.02%	+7.29%	+18.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	434M	343M	233M	233M	196M	362M	217M	255M	201M	337M
Receivables	277M	253M	232M	208M	177M	175M	177M	195M	138M	145M
Inventory	271M	246M	231M	215M	206M	219M	237M	217M	219M	218M
Total current assets	1B	958M	910M	706M	627M	807M	681M	712M	595M	841M
Property, plant & equipment	182M	126M	71M	86M	69M	57M	59M	62M	79M	66M
Goodwill & intangibles	418M	192M	140M	118M	102M	90M	80M	72M	64M	58M
Total assets	1.8B	1.7B	1.5B	1.4B	1.2B	2.2B	2.3B	2.4B	2B	1.6B
Accounts payable	200M	183M	130M	153M	118M	153M	134M	125M	120M	101M
Short-term debt	6M	4M	396M	14M	14M	14M	16M	14M	12M	12M
Total current liabilities	417M	419M	778M	368M	296M	309M	293M	283M	261M	268M
Long-term debt	405M	399M	5M	157M	66M	298M	347M	481M	487M	238M
Total liabilities	1.7B	1.5B	1.3B	1.1B	980M	1.2B	1B	1.2B	1.1B	904M
Shareholders' equity	83M	221M	170M	281M	268M	977M	1.2B	1.1B	859M	713M
Total debt	411M	403M	401M	171M	80M	312M	363M	495M	499M	250M
Net debt	-23M	60M	168M	-62M	-116M	-50M	146M	240M	298M	-87M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	246M	255M	262M	251M	214M	201M	158M	155M	168M	337M	299M	290M
Receivables	191M	195M	139M	139M	143M	138M	149M	149M	146M	145M	135M	149M
Inventory	239M	217M	230M	232M	241M	219M	236M	238M	236M	218M	255M	253M
Total current assets	712M	712M	677M	660M	642M	595M	577M	574M	592M	841M	793M	766M
Property, plant & equipment	194M	62M	202M	206M	218M	79M	227M	238M	235M	66M	230M	230M
Goodwill & intangibles	74M	72M	70M	68M	66M	64M	62M	60M	58M	58M	58M	58M
Total assets	2.4B	2.4B	2.3B	2.4B	2.4B	2B	1.9B	1.9B	2.1B	1.6B	1.6B	1.5B
Accounts payable	124M	125M	129M	128M	128M	120M	129M	111M	103M	101M	111M	108M
Short-term debt	14M	14M	12M	11M	10M	12M	12M	491M	509M	12M	63M	13M
Total current liabilities	271M	283M	274M	278M	266M	261M	261M	729M	749M	268M	314M	263M
Long-term debt	477M	481M	473M	478M	484M	487M	497M	43M	40M	238M	135M	135M
Total liabilities	1.2B	1.2B	1.4B	1.2B	1.2B	1.1B	1.2B	1.2B	1.2B	904M	885M	830M
Shareholders' equity	1.2B	1.1B	951M	1.2B	1.2B	859M	783M	750M	861M	713M	672M	697M
Total debt	491M	495M	485M	489M	494M	499M	509M	534M	549M	250M	198M	148M
Net debt	245M	240M	223M	238M	280M	298M	351M	379M	381M	-87M	-101M	-142M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	16M	94M	-16M	116M	-541M	24M	26M	75M	102M	-128M
Depreciation & amortization	105M	80M	73M	55M	37M	31M	29M	30M	28M	29M
Stock-based compensation	8M	9M	6M	7M	15M	7M	5M	7M	6M	5M
Change in working capital	-94M	-81M	-26M	47M	-17M	-18M	-92M	16M	-4M	-20M
Operating cash flow	56M	70M	88M	253M	-339M	47M	-22M	150M	163M	480M
Capital expenditure	-41M	-38M	-33M	-15M	-17M	-21M	-31M	-32M	-56M	—
Investing cash flow	-21M	-24M	-22M	311M	-13M	-20M	-56M	-32M	-39M	5M
Dividends paid	0	-10M	-8M	-3M	-22M	-7M	-4M	-4M	-4M	-2M
Share repurchases	-3M	-1M	0	0	0	-101M	-1M	0	-1M	-7M
Financing cash flow	-72M	-29M	-11M	-298M	-23M	238M	43M	85M	-23M	-314M
Net change in cash	-37M	17M	55M	266M	-375M	265M	-35M	203M	101M	171M
Free cash flow	-56M	-105M	-95M	-3M	-52M	-68M	-147M	6M	-63M	446M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	2M	5M	32M	26M	18M	26M	-7M	-26M	13M	-108M	-16M	17M
Depreciation & amortization	7M	7M	7M	6M	8M	7M	7M	7M	7M	8M	7M	6M
Stock-based compensation	1M	1M	3M	1M	1M	1M	2M	1M	1M	1M	5M	9M
Change in working capital	1M	18M	24M	-15M	-28M	15M	-34M	-8M	-5M	27M	-44M	-24M
Operating cash flow	13M	44M	71M	30M	14M	48M	-21M	8M	21M	489M	-30M	5M
Capital expenditure	-4M	-17M	-10M	-9M	-20M	-17M	-12M	—	—	—	—	—
Investing cash flow	-4M	-17M	7M	-9M	-20M	-17M	-7M	0	0	0	48M	41M
Dividends paid	-1M	-1M	-1M	-1M	-1M	-1M	-1M	-1M	0	0	-3M	-1M
Share repurchases	0	0	—	-1M	0	0	-1M	-1M	0	-5M	0	-2M
Financing cash flow	90M	-2M	-18M	-2M	-1M	-2M	-2M	-2M	0	-311M	-54M	-53M
Net change in cash	99M	25M	60M	19M	-7M	29M	-30M	6M	21M	178M	-36M	-7M
Free cash flow	-4M	0	7M	-16M	-41M	-13M	-50M	-4M	17M	483M	-36M	0

Eastman Kodak Company Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement