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 | -18.0% | 2.5% | -225.5% |
| 2024 | $1.0B | $197M | $102M | $-63M | 11.9% | -6.6% | 36.0% |
| 2023 | $1.1B | $169M | $75M | $6M | 6.6% | -7.3% | 188.5% |
| 2022 | $1.2B | $100M | $26M | $-147M | 2.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | -16 | 16 | -11 | -128 |
| EBITDA | 100 | 169 | 197 | -21 |
| EBIT | 71 | 139 | 169 | -50 |
| Pretax Income | 31 | 87 | 110 | -112 |
| Tax Provision | 5 | 12 | 8 | 16 |
| Net Income | 26 | 75 | 102 | -128 |
| Net Income Common Stockholders | 13 | 56 | 78 | -155 |
| Total Expenses | 1,221 | 1,101 | 1,054 | 1,197 |
| Interest Expense | 40 | 52 | 59 | 62 |
| Interest Income | 1 | 15 | 12 | 10 |
| Research And Development | 34 | 34 | 33 | 33 |
| Selling General And Administration | 153 | 159 | 179 | 174 |
| Normalized EBITDA | 111 | 219 | 202 | 41 |
| Normalized Income | 35.23 | 118.10 | 106.64 | -79.02 |
| Basic EPS | 0.33 | 0.71 | 0.97 | -1.78 |
| Diluted EPS | 0.33 | 0.67 | 0.90 | -1.78 |
| Tax Effect Of Unusual Items | -1.77 | -6.90 | -0.36 | -13.02 |
| Tax Rate For Calcs | 0.16 | 0.14 | 0.07 | 0.21 |
| Total Unusual Items | -11 | -50 | -5 | -62 |
| Total Unusual Items Excluding Goodwill | -11 | -50 | -5 | -62 |
| Net Income From Continuing Operation Net Minority Interest | 26 | 75 | 102 | -128 |
| Reconciled Depreciation | 29 | 30 | 28 | 29 |
| Reconciled Cost Of Revenue | 1,035 | 907 | 840 | 837 |
| Net Interest Income | -39 | -37 | -47 | -52 |
| Net Income From Continuing And Discontinued Operation | 26 | 75 | 102 | -128 |
| Total Operating Income As Reported | -26 | 4 | -7 | 0 |
| Diluted Average Shares | 79.10 | 90.50 | 92.30 | 87 |
| Basic Average Shares | 79.10 | 79.40 | 80.10 | 87 |
| Diluted NI Availto Com Stockholders | 13 | 61 | 83 | -155 |
| Average Dilution Earnings | 0 | 5 | 5 | 0 |
| Otherunder Preferred Stock Dividend | 2 | 8 | 12 | 0 |
| Preferred Stock Dividends | 11 | 11 | 12 | 27 |
| Net Income Including Noncontrolling Interests | 26 | 75 | 102 | -128 |
| Net Income Discontinuous Operations | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | 26 | 75 | 102 | -128 |
| Other Income Expense | 86 | 108 | 168 | 68 |
| Other Non Operating Income Expenses | 97 | 158 | 173 | 130 |
| Special Income Charges | -10 | -39 | 4 | -54 |
| Gain On Sale Of Ppe | 0 | 0 | 17 | 0 |
| Other Special Charges | -1 | 27 | 1 | 9 |
| Write Off | 0 | 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 |
| Net Non Operating Interest Income Expense | -39 | -37 | -47 | -52 |
| Interest Expense Non Operating | 40 | 52 | 59 | 62 |
| Interest Income Non Operating | 1 | 15 | 12 | 10 |
| Other Operating Expenses | -1 | 1 | 2 | 0 |
| Other Taxes | 0 | 0 | 0 | 153 |
| Operating Revenue | 1,205 | 1,117 | 1,043 | 1,069 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Eastman Kodak Companythis co. | KODK | $1.3B | - | 2.13 | -18.0% | 6.74 |
| Ryerson Holding Corporation | RYZ | $1.4B | - | 1.14 | -7.4% | 39.93 |
| T1 Energy Inc. | TE | $1.4B | - | 5.20 | -114.3% | -20.85 |
| Deluxe Corporation | DLX | $1.4B | 16.88 | 2.04 | 12.1% | 7.47 |
| PureCycle Technologies, Inc. | PCT | $1.3B | - |
| 29.14 |
| -397.9% |
| -14.03 |
| TETRA Technologies, Inc. | TTI | $1.3B | 323.33 | 4.58 | 1.1% | 15.08 |
| Evolv Technologies Holdings, Inc. | EVLV | $1.3B | - | 10.32 | -27.7% | -140.63 |
| PROG Holdings, Inc. | PRG | $1.3B | 8.58 | 1.69 | 19.7% | 0.85 |
| Global Industrial Company | GIC | $1.2B | 17.62 | 3.97 | 23.0% | 12.16 |
| Peer Median | - | 17.25 | 4.28 | -3.2% | 4.16 | |