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Side-by-side financial comparison of Eastman Chemical Company (EMN) and Veralto (VLTO). Click either name above to swap in a different company.
Eastman Chemical Company is the larger business by last-quarter revenue ($2.0B vs $1.4B, roughly 1.4× Veralto). Veralto runs the higher net margin — 17.9% vs 5.3%, a 12.5% gap on every dollar of revenue. On growth, Veralto posted the faster year-over-year revenue change (6.8% vs -13.8%). Over the past eight quarters, Veralto's revenue compounded faster (6.8% 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.
Veralto Corporation is an American technology company headquartered in Waltham, Massachusetts. It produces products related to water analytics, water treatment, marking and coding, and packaging and color.
EMN vs VLTO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.4B |
| Net Profit | $105.0M | $254.0M |
| Gross Margin | 17.1% | 60.1% |
| Operating Margin | — | 23.8% |
| Net Margin | 5.3% | 17.9% |
| Revenue YoY | -13.8% | 6.8% |
| Net Profit YoY | -42.3% | 12.9% |
| EPS (diluted) | $0.93 | $1.02 |
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 | $1.4B | ||
| Q4 25 | $2.0B | $1.4B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.3B | $1.3B | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.2B | $1.3B | ||
| Q3 24 | $2.5B | $1.3B | ||
| Q2 24 | $2.4B | $1.3B |
| Q1 26 | $105.0M | $254.0M | ||
| Q4 25 | $105.0M | $239.0M | ||
| Q3 25 | $47.0M | $222.0M | ||
| Q2 25 | $140.0M | $225.0M | ||
| Q1 25 | $182.0M | — | ||
| Q4 24 | $330.0M | $227.0M | ||
| Q3 24 | $180.0M | $219.0M | ||
| Q2 24 | $230.0M | $203.0M |
| Q1 26 | 17.1% | 60.1% | ||
| Q4 25 | 17.1% | 60.1% | ||
| Q3 25 | 19.7% | 60.0% | ||
| Q2 25 | 22.1% | 60.4% | ||
| Q1 25 | 24.8% | — | ||
| Q4 24 | 24.7% | 59.6% | ||
| Q3 24 | 24.6% | 59.6% | ||
| Q2 24 | 25.3% | 60.1% |
| Q1 26 | — | 23.8% | ||
| Q4 25 | 0.6% | 23.2% | ||
| Q3 25 | 6.1% | 22.8% | ||
| Q2 25 | 7.4% | 24.2% | ||
| Q1 25 | 11.0% | — | ||
| Q4 24 | 13.2% | 22.9% | ||
| Q3 24 | 11.4% | 23.4% | ||
| Q2 24 | 12.1% | 23.2% |
| Q1 26 | 5.3% | 17.9% | ||
| Q4 25 | 5.3% | 17.0% | ||
| Q3 25 | 2.1% | 16.2% | ||
| Q2 25 | 6.1% | 16.9% | ||
| Q1 25 | 7.9% | — | ||
| Q4 24 | 14.7% | 16.9% | ||
| Q3 24 | 7.3% | 16.7% | ||
| Q2 24 | 9.7% | 15.8% |
| Q1 26 | $0.93 | $1.02 | ||
| Q4 25 | $0.93 | $0.95 | ||
| Q3 25 | $0.40 | $0.89 | ||
| Q2 25 | $1.20 | $0.90 | ||
| Q1 25 | $1.57 | — | ||
| Q4 24 | $2.81 | $0.91 | ||
| Q3 24 | $1.53 | $0.88 | ||
| Q2 24 | $1.94 | $0.81 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.0B | — |
| Total Assets | $14.9B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $566.0M | — | ||
| Q4 25 | $566.0M | $1.8B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | $837.0M | $1.1B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.6B |
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.0B | $2.8B | ||
| Q3 25 | $5.8B | $2.7B | ||
| Q2 25 | $5.8B | $2.3B | ||
| Q1 25 | $5.9B | — | ||
| Q4 24 | $5.8B | $2.0B | ||
| Q3 24 | $5.7B | $2.0B | ||
| Q2 24 | $5.6B | $1.7B |
| Q1 26 | $14.9B | — | ||
| Q4 25 | $14.9B | $7.4B | ||
| Q3 25 | $15.0B | $7.2B | ||
| Q2 25 | $15.2B | $6.6B | ||
| Q1 25 | $15.0B | — | ||
| Q4 24 | $15.2B | $6.4B | ||
| Q3 24 | $15.1B | $6.3B | ||
| Q2 24 | $14.9B | $5.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | 1.57× |
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 | — | $182.0M |
| Free Cash FlowOCF − Capex | — | $170.0M |
| FCF MarginFCF / Revenue | — | 12.0% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | — | 0.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | $893.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $182.0M | ||
| Q4 25 | $502.0M | $270.0M | ||
| Q3 25 | $402.0M | $339.0M | ||
| Q2 25 | $233.0M | $157.0M | ||
| Q1 25 | $-167.0M | — | ||
| Q4 24 | $540.0M | $285.0M | ||
| Q3 24 | $396.0M | $224.0M | ||
| Q2 24 | $367.0M | $251.0M |
| Q1 26 | — | $170.0M | ||
| Q4 25 | $390.0M | $258.0M | ||
| Q3 25 | $265.0M | $323.0M | ||
| Q2 25 | $83.0M | $142.0M | ||
| Q1 25 | $-314.0M | — | ||
| Q4 24 | $361.0M | $263.0M | ||
| Q3 24 | $276.0M | $215.0M | ||
| Q2 24 | $252.0M | $240.0M |
| Q1 26 | — | 12.0% | ||
| Q4 25 | 19.8% | 18.4% | ||
| Q3 25 | 12.0% | 23.6% | ||
| Q2 25 | 3.6% | 10.7% | ||
| Q1 25 | -13.7% | — | ||
| Q4 24 | 16.1% | 19.6% | ||
| Q3 24 | 11.2% | 16.4% | ||
| Q2 24 | 10.7% | 18.6% |
| Q1 26 | — | 0.8% | ||
| Q4 25 | 5.7% | 0.9% | ||
| Q3 25 | 6.2% | 1.2% | ||
| Q2 25 | 6.6% | 1.1% | ||
| Q1 25 | 6.4% | — | ||
| Q4 24 | 8.0% | 1.6% | ||
| Q3 24 | 4.9% | 0.7% | ||
| Q2 24 | 4.9% | 0.9% |
| Q1 26 | — | 0.72× | ||
| Q4 25 | 4.78× | 1.13× | ||
| Q3 25 | 8.55× | 1.53× | ||
| Q2 25 | 1.66× | 0.70× | ||
| Q1 25 | -0.92× | — | ||
| Q4 24 | 1.64× | 1.26× | ||
| Q3 24 | 2.20× | 1.02× | ||
| Q2 24 | 1.60× | 1.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
