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Side-by-side financial comparison of Eastman Chemical Company (EMN) and FirstEnergy (FE). Click either name above to swap in a different company.
FirstEnergy is the larger business by last-quarter revenue ($3.8B vs $2.0B, roughly 1.9× Eastman Chemical Company). Eastman Chemical Company runs the higher net margin — 5.3% vs -1.3%, a 6.6% gap on every dollar of revenue. On growth, FirstEnergy posted the faster year-over-year revenue change (19.6% vs -13.8%). Over the past eight quarters, FirstEnergy's revenue compounded faster (7.5% CAGR vs -8.6%).
Eastman Chemical Company is an American chemical products manufacturer based in Kingsport, Tennessee. Founded in 1920, it was formerly a subsidiary of Kodak until 1994. The company is an independent global specialty materials company that produces a broad range of advanced materials, chemicals and fibers for everyday purposes. It operates 36 manufacturing sites worldwide and employs approximately 14,000 people. In 2023, Eastman had sales revenue of approximately $9.21 billion.
FirstEnergy Corp. is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997.
EMN vs FE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $3.8B |
| Net Profit | $105.0M | $-49.0M |
| Gross Margin | 17.1% | — |
| Operating Margin | — | -0.6% |
| Net Margin | 5.3% | -1.3% |
| Revenue YoY | -13.8% | 19.6% |
| Net Profit YoY | -42.3% | -118.8% |
| EPS (diluted) | $0.93 | $-0.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $3.8B | ||
| Q3 25 | $2.2B | $4.1B | ||
| Q2 25 | $2.3B | $3.4B | ||
| Q1 25 | $2.3B | $3.8B | ||
| Q4 24 | $2.2B | $3.2B | ||
| Q3 24 | $2.5B | $3.7B | ||
| Q2 24 | $2.4B | $3.3B |
| Q1 26 | $105.0M | — | ||
| Q4 25 | $105.0M | $-49.0M | ||
| Q3 25 | $47.0M | $441.0M | ||
| Q2 25 | $140.0M | $268.0M | ||
| Q1 25 | $182.0M | $360.0M | ||
| Q4 24 | $330.0M | $261.0M | ||
| Q3 24 | $180.0M | $419.0M | ||
| Q2 24 | $230.0M | $45.0M |
| Q1 26 | 17.1% | — | ||
| Q4 25 | 17.1% | — | ||
| Q3 25 | 19.7% | — | ||
| Q2 25 | 22.1% | — | ||
| Q1 25 | 24.8% | — | ||
| Q4 24 | 24.7% | — | ||
| Q3 24 | 24.6% | — | ||
| Q2 24 | 25.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | -0.6% | ||
| Q3 25 | 6.1% | 20.0% | ||
| Q2 25 | 7.4% | 19.1% | ||
| Q1 25 | 11.0% | 20.0% | ||
| Q4 24 | 13.2% | 19.3% | ||
| Q3 24 | 11.4% | 19.5% | ||
| Q2 24 | 12.1% | 12.9% |
| Q1 26 | 5.3% | — | ||
| Q4 25 | 5.3% | -1.3% | ||
| Q3 25 | 2.1% | 10.6% | ||
| Q2 25 | 6.1% | 7.9% | ||
| Q1 25 | 7.9% | 9.6% | ||
| Q4 24 | 14.7% | 8.2% | ||
| Q3 24 | 7.3% | 11.2% | ||
| Q2 24 | 9.7% | 1.4% |
| Q1 26 | $0.93 | — | ||
| Q4 25 | $0.93 | $-0.08 | ||
| Q3 25 | $0.40 | $0.76 | ||
| Q2 25 | $1.20 | $0.46 | ||
| Q1 25 | $1.57 | $0.62 | ||
| Q4 24 | $2.81 | $0.45 | ||
| Q3 24 | $1.53 | $0.73 | ||
| Q2 24 | $1.94 | $0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $566.0M | $57.0M |
| Total DebtLower is stronger | — | $25.5B |
| Stockholders' EquityBook value | $6.0B | $12.5B |
| Total Assets | $14.9B | $55.9B |
| Debt / EquityLower = less leverage | — | 2.04× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $566.0M | — | ||
| Q4 25 | $566.0M | $57.0M | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $569.0M | ||
| Q1 25 | — | $132.0M | ||
| Q4 24 | $837.0M | $111.0M | ||
| Q3 24 | — | $439.0M | ||
| Q2 24 | — | $60.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $25.5B | ||
| Q3 25 | — | $25.5B | ||
| Q2 25 | — | $23.7B | ||
| Q1 25 | — | $21.2B | ||
| Q4 24 | — | $22.5B | ||
| Q3 24 | — | $21.6B | ||
| Q2 24 | — | $20.8B |
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.0B | $12.5B | ||
| Q3 25 | $5.8B | $12.8B | ||
| Q2 25 | $5.8B | $12.9B | ||
| Q1 25 | $5.9B | $12.6B | ||
| Q4 24 | $5.8B | $12.5B | ||
| Q3 24 | $5.7B | $12.4B | ||
| Q2 24 | $5.6B | $12.5B |
| Q1 26 | $14.9B | — | ||
| Q4 25 | $14.9B | $55.9B | ||
| Q3 25 | $15.0B | $55.9B | ||
| Q2 25 | $15.2B | $54.2B | ||
| Q1 25 | $15.0B | $52.8B | ||
| Q4 24 | $15.2B | $52.0B | ||
| Q3 24 | $15.1B | $50.8B | ||
| Q2 24 | $14.9B | $51.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.04× | ||
| Q3 25 | — | 1.99× | ||
| Q2 25 | — | 1.85× | ||
| Q1 25 | — | 1.69× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 1.67× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $1.1B |
| Free Cash FlowOCF − Capex | — | $-30.0M |
| FCF MarginFCF / Revenue | — | -0.8% |
| Capex IntensityCapex / Revenue | — | 30.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $502.0M | $1.1B | ||
| Q3 25 | $402.0M | $845.0M | ||
| Q2 25 | $233.0M | $1.1B | ||
| Q1 25 | $-167.0M | $637.0M | ||
| Q4 24 | $540.0M | $1.0B | ||
| Q3 24 | $396.0M | $775.0M | ||
| Q2 24 | $367.0M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | $390.0M | $-30.0M | ||
| Q3 25 | $265.0M | $-471.0M | ||
| Q2 25 | $83.0M | $-136.0M | ||
| Q1 25 | $-314.0M | $-368.0M | ||
| Q4 24 | $361.0M | $-250.0M | ||
| Q3 24 | $276.0M | $-229.0M | ||
| Q2 24 | $252.0M | $170.0M |
| Q1 26 | — | — | ||
| Q4 25 | 19.8% | -0.8% | ||
| Q3 25 | 12.0% | -11.4% | ||
| Q2 25 | 3.6% | -4.0% | ||
| Q1 25 | -13.7% | -9.8% | ||
| Q4 24 | 16.1% | -7.9% | ||
| Q3 24 | 11.2% | -6.1% | ||
| Q2 24 | 10.7% | 5.2% |
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 30.7% | ||
| Q3 25 | 6.2% | 31.7% | ||
| Q2 25 | 6.6% | 36.0% | ||
| Q1 25 | 6.4% | 26.7% | ||
| Q4 24 | 8.0% | 40.7% | ||
| Q3 24 | 4.9% | 26.9% | ||
| Q2 24 | 4.9% | 28.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.78× | — | ||
| Q3 25 | 8.55× | 1.92× | ||
| Q2 25 | 1.66× | 4.04× | ||
| Q1 25 | -0.92× | 1.77× | ||
| Q4 24 | 1.64× | 4.00× | ||
| Q3 24 | 2.20× | 1.85× | ||
| Q2 24 | 1.60× | 24.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EMN
Segment breakdown not available.
FE
| Integrated Segment | $1.4B | 37% |
| Other | $1.4B | 36% |
| Stand Alone Transmission Segment | $466.0M | 12% |
| Industrial Customers | $167.0M | 4% |
| Mid Atlantic Interstate Transmission LLC | $118.0M | 3% |
| Transmission | $105.0M | 3% |
| Transmission Segment | $68.0M | 2% |
| Tr AIL | $63.0M | 2% |
| Internal Customers | $10.0M | 0% |
| Wholesale Sales | $6.0M | 0% |
