Eastman Kodak Company focuses on the commercial print and advanced materials and chemicals businesses worldwide. The company operates through three segments: Print, Advanced Materials and Chemicals, and Brand. The Print segment provides digital offset plate offerings and computer-to-plate imaging solutions; digital printing solutions; press systems and components under the PROSPER brand name, as well as print inks and primers under the KODAK OPTIMAX, KODACHROME, and KODAK EKTACOLOR brand names; and PRINERGY, a workflow production software that is used by customers to manage digital and conventional print content from file creation to output. This segment offers its products to commercial industries, including commercial print, direct mail, book publishing, newspapers and magazines, dΓ©cor, and packaging/labels. The Advanced Materials and Chemicals segment engages in the industrial film and chemicals, motion picture, advanced materials and functional printing, and IP licensing and analytical activities. This segment also comprises the Kodak Research Laboratories, which conducts research, develops new product or new business opportunities, and files patent applications, as well as manages licensing of its intellectual property to third parties. The Brand segment engages in the licensing of Kodak brand to third parties. The company is also involved in the operation of Eastman Business Park, a technology center and industrial complex. It sells its products and services through direct sales, third party resellers, dealers, channel partners, and distributors. Eastman Kodak Company was founded in 1880 and is headquartered in Rochester, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.1B | $-21M | $-128M | $446M | -20.8% | 2.5% | -225.5% |
| 2024 | $1.0B | $197M | $102M | $-63M | 15.9% | -6.6% | 36.0% |
| 2023 | $1.1B | $169M | $75M | $6M | 8.1% | -7.3% | 188.5% |
| 2022 | $1.2B | $100M | $26M | $-147M | 2.5% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,205 | 1,117 | 1,043 | 1,069 |
| Operating Revenue | - | 1,205 | 1,117 | 1,043 | 1,069 |
| Cost Of Revenue | - | 1,035 | 907 | 840 | 837 |
| Gross Profit | - | 170 | 210 | 203 | 232 |
| Operating Expense | - | 186 | 194 | 214 | 360 |
| Research And Development | - | 34 | 34 | 33 | 33 |
| Selling General And Administration | - | 153 | 159 | 179 | 174 |
| Total Expenses | - | 1,221 | 1,101 | 1,054 | 1,197 |
| Operating Income | - | -16 | 16 | -11 | -128 |
| Total Operating Income As Reported | -46 | -26 | 4 | -7 | - |
| EBITDA | - | 100 | 169 | 197 | -21 |
| Normalized EBITDA | - | 111 | 219 | 202 | 41 |
| EBIT | - | 71 | 139 | 169 | -50 |
| Interest Income | - | 1 | 15 | 12 | 10 |
| Interest Expense | - | 40 | 52 | 59 | 62 |
| Net Interest Income | - | -39 | -37 | -47 | -52 |
| Other Non Operating Income Expenses | - | 97 | 158 | 173 | 130 |
| Other Income Expense | - | 86 | 108 | 168 | 68 |
| Interest Income Non Operating | - | 1 | 15 | 12 | 10 |
| Interest Expense Non Operating | - | 40 | 52 | 59 | 62 |
| Net Non Operating Interest Income Expense | - | -39 | -37 | -47 | -52 |
| Pretax Income | - | 31 | 87 | 110 | -112 |
| Tax Provision | - | 5 | 12 | 8 | 16 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.77 | -6.90 | -0.36 | -13.02 |
| Net Income Continuous Operations | - | 26 | 75 | 102 | -128 |
| Net Income From Continuing And Discontinued Operation | - | 26 | 75 | 102 | -128 |
| Net Income From Continuing Operation Net Minority Interest | - | 26 | 75 | 102 | -128 |
| Net Income | - | 26 | 75 | 102 | -128 |
| Net Income Common Stockholders | - | 13 | 56 | 78 | -155 |
| Net Income Including Noncontrolling Interests | - | 26 | 75 | 102 | -128 |
| Normalized Income | - | 35.23 | 118.10 | 106.64 | -79.02 |
| Diluted NI Availto Com Stockholders | - | 13 | 61 | 83 | -155 |
| Basic Average Shares | - | 79.10 | 79.40 | 80.10 | 87 |
| Diluted Average Shares | - | 79.10 | 90.50 | 92.30 | 87 |
| Reconciled Depreciation | - | 29 | 30 | 28 | 29 |
| Reconciled Cost Of Revenue | - | 1,035 | 907 | 840 | 837 |
| Total Unusual Items | - | -11 | -50 | -5 | -62 |
| Total Unusual Items Excluding Goodwill | - | -11 | -50 | -5 | -62 |
| Preferred Stock Dividends | - | 11 | 11 | 12 | 27 |
| Net Income Discontinuous Operations | 0 | 0 | - | - | - |
| Special Income Charges | - | -10 | -39 | 4 | -54 |
| Other Special Charges | - | -1 | 27 | 1 | 9 |
| Write Off | - | - | 0 | 0 | 22 |
| Impairment Of Capital Assets | - | 1 | 5 | 4 | 2 |
| Restructuring And Mergern Acquisition | - | 10 | 7 | 8 | 21 |
| Gain On Sale Of Security | - | -1 | -11 | -9 | -8 |
| Gain On Sale Of Ppe | - | 0 | 0 | 17 | 0 |
| Other Operating Expenses | - | -1 | 1 | 2 | - |
| Otherunder Preferred Stock Dividend | - | 2 | 8 | 12 | 0 |
| Average Dilution Earnings | - | 0 | 5 | 5 | 0 |
| Other Taxes | - | - | 0 | 0 | 153 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Eastman Kodak Companythis co. | KODK | $950M | -7.42 | 1.55 | -20.8% | -41.08 |
| Limbach Holdings, Inc. | LMB | $1.0B | 25.73 | 5.14 | 20.0% | 15.02 |
| LegalZoom.com, Inc. | LZ | $996M | 64.53 | 5.79 | 9.0% | 9.94 |
| Cardinal Infrastructure Group Inc. | CDNL | $967M | 42.62 | 16.54 | 38.8% | 13.93 |
| Resolute Holdings Management, Inc. | RHLD | $966M |
| - |
| - |
| - |
| - |
| - |
| -163.07 |
| 148.07 |
| -90.8% |
| 6.35 |
| Aebi Schmidt Holding AG | AEBI | $942M | 96.77 | 1.16 | 1.2% | 16.49 |
| National Presto Industries, Inc. | NPK | $939M | 28.38 | 2.38 | 8.4% | 20.15 |
| Power Solutions International, Inc. | PSIX | $926M | 8.13 | 5.19 | 63.8% | 8.99 |
| CRA International, Inc. | CRAI | $921M | 16.85 | 4.31 | 25.6% | 9.25 |
| Peer Median | - | 27.06 | 5.16 | 14.5% | 11.94 | |