A Business at a Glance
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EASTMAN KODAK CO
KODK
$717M
Mkt Cap
$8.23
+2.24%
EASTMAN KODAK CO (KODK) has a 5-year average return on invested capital (ROIC) of -0.1%. This is below average and may indicate limited pricing power.
EASTMAN KODAK CO (KODK) has a market capitalization of $803M. It is classified as a small-cap stock.
Yes, EASTMAN KODAK CO (KODK) pays a dividend with a trailing twelve-month yield of 0.50%. The company also returns capital through share buybacks, with a buyback yield of 0.75%.
EASTMAN KODAK CO (KODK) operates in the Photographic Equipment & Supplies industry, within the Technology sector.
EASTMAN KODAK CO (KODK) reported annual revenue of $1.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
EASTMAN KODAK CO (KODK) has a net profit margin of -14.5%. The company is currently unprofitable.
EASTMAN KODAK CO (KODK) generated $446 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
When used in this report, unless otherwise indicated, “we,” “our,” “us,” the “Company” and “Kodak” refer to the consolidated company on the basis of consolidation described in Note 1 to the consolidated financial statements in Part II, Item 8, “Financial Statements and Supplementary Data” of this Form 10-K Report. Kodak is a global manufacturer focused on commercial print and advanced materials and chemicals. With 79,000 patents earned over 130 years of research and development ("R&D"), Kodak believes in the power of technology and science to enhance what the world sees and creates. Kodak's innovative, award-winning products, combined with its customer-first approach, make us the partner of choice for commercial printers worldwide. Kodak is committed to environmental stewardship, including industry leadership in developing sustainable solutions for print. The Company was founded by George Eastman in 1880 and incorporated in 1901 in the State of New Jersey.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.1B | 1.1B | 1.0B | 1.1B | 1.2B | 1.1B |
| Net Income | -165M | -155M | 78M | 56M | 13M | 22M |
| EPS | $-1.75 | $-1.78 | $0.90 | $0.67 | $0.16 | $0.27 |
| Free Cash Flow | 460M | 446M | -63M | 6.0M | -147M | -68M |
| ROIC | 2.4% | -16.1% | 6.3% | 4.1% | 1.1% | 3.9% |
| Gross Margin | 22.4% | 21.7% | 19.5% | 18.8% | 14.1% | 14.3% |
| Debt/Equity | 0.27 | 0.41 | 0.78 | 0.53 | 0.35 | 0.40 |
| Dividends/Share | $0.04 | $0.02 | $0.05 | $0.05 | $0.05 | $0.09 |
| Operating Income | 12M | -77M | -7.0M | 4.0M | -26M | -46M |
| Operating Margin | 1.1% | -7.2% | -0.7% | 0.4% | -2.2% | -4.0% |
| ROE | -27.5% | -24.7% | 9.9% | 5.7% | 1.4% | 5.1% |
| Shares Outstanding | 98M | 87M | 87M | 84M | 81M | 81M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.0B | 1.8B | 1.6B | 1.5B | 1.3B | 1.2B | 1.0B | 1.1B | 1.2B | 1.1B | 1.0B | 1.1B | 1.1B |
| Gross Margin | 22.5% | 21.1% | 24.5% | 13.8% | 13.6% | 14.7% | 13.1% | 14.3% | 14.1% | 18.8% | 19.5% | 21.7% | 22.4% |
| R&D | 64M | 61M | 60M | 64M | 48M | 42M | 34M | 33M | 34M | 34M | 33M | 33M | 32M |
| SG&A | 284M | 226M | 198M | 239M | 224M | 211M | 172M | 177M | 153M | 159M | 179M | 174M | 177M |
| EBIT | 47M | 54M | 113M | -207M | -118M | -102M | -74M | -46M | -26M | 4.0M | -7.0M | -77M | 12M |
| Op. Margin | 2.3% | 3.0% | 6.9% | -13.5% | -8.9% | -8.2% | -7.2% | -4.0% | -2.2% | 0.4% | -0.7% | -7.2% | 1.1% |
| Net Income | -123M | -80M | 15M | 94M | -16M | 116M | -541M | 22M | 13M | 56M | 78M | -155M | -165M |
| Net Margin | -6.0% | -4.4% | 0.9% | 6.1% | -1.2% | 9.3% | -52.6% | 1.9% | 1.1% | 5.0% | 7.5% | -14.5% | -15.2% |
| Non-Recurring | 88M | 50M | 25M | 95M | 30M | 217M | 27M | 5.0M | 10M | 7.0M | 25M | 21M | 16M |
| Returns on Capital | |||||||||||||
| ROIC | 13.3% | 23.6% | 2.0% | 23.9% | -7.0% | 110.5% | -84.1% | 3.9% | 1.1% | 4.1% | 6.3% | -16.1% | 2.4% |
| ROE | -27.2% | -45.1% | N/A | 164.9% | -59.3% | 241.7% | -702.6% | 5.1% | 1.4% | 5.7% | 9.9% | -24.7% | -27.5% |
| ROA | -4.3% | -3.4% | 0.8% | 5.4% | -1.0% | 7.9% | -40.6% | 1.3% | 0.6% | 2.4% | 3.6% | -8.6% | -10.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -128M | -95M | -15M | -67M | -62M | 12M | -35M | -47M | -116M | 38M | -7.0M | 480M | 488M |
| Free Cash Flow | -171M | -138M | -56M | -105M | -95M | -3.0M | -52M | -68M | -147M | 6.0M | -63M | 446M | 460M |
| Owner Earnings | -335M | -258M | -128M | -156M | -141M | -50M | -87M | -85M | -150M | 1.0M | -41M | 446M | 451M |
| CapEx | 43M | 43M | 41M | 38M | 33M | 15M | 17M | 21M | 31M | 32M | 56M | 34M | 28M |
| Maint. CapEx | 199M | 145M | 105M | 80M | 73M | 55M | 37M | 31M | 29M | 30M | 28M | 29M | 29M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.0M | 2.0M | 28M | 5.0M | 0 |
| D&A | 199M | 145M | 105M | 80M | 73M | 55M | 37M | 31M | 29M | 30M | 28M | 29M | 29M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 125.0% | N/A | N/A | N/A | 84.2% | N/A | N/A | 5.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 10M | 8.0M | 3.0M | 22M | 7.0M | 4.0M | 4.0M | 4.0M | 2.0M | 4.0M |
| Dividend Yield | N/A | N/A | N/A | 1.0% | 2.1% | 1.1% | 7.4% | 1.1% | 1.0% | 1.2% | 0.9% | N/A | 0.5% |
| Share Buybacks | 1.0M | 1.0M | 3.0M | 1.0M | 0 | 0 | 0 | 1.0M | 1.0M | 0 | 1.0M | 7.0M | 6.0M |
| Buyback Yield | 0.0% | 0.2% | 0.4% | 0.8% | N/A | N/A | N/A | 0.2% | 0.2% | N/A | 0.1% | 0.0% | 0.7% |
| Stock-Based Comp | 8.0M | 18M | 8.0M | 9.0M | 6.0M | 7.0M | 15M | 7.0M | 5.0M | 7.0M | 6.0M | 5.0M | 8.0M |
| Debt Repayment | 4.0M | 4.0M | 282M | 7.0M | 0 | 395M | 0 | 2.0M | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -37M | 139M | -25M | 59M | 168M | -62M | -116M | -50M | 146M | 240M | 298M | -186M | -198M |
| Cash & Equiv. | 712M | 546M | 434M | 343M | 233M | 233M | 196M | 362M | 217M | 255M | 201M | 337M | 358M |
| Long-Term Debt | 672M | 679M | 405M | 399M | 5.0M | 109M | 17M | 253M | 316M | 457M | 466M | 208M | 108M |
| Debt/Equity | 2.44 | 8.78 | -5.63 | 7.07 | -133.67 | 1.73 | 1.04 | 0.40 | 0.35 | 0.53 | 0.78 | 0.41 | 0.27 |
| Interest Coverage | 0.8 | 0.9 | 1.9 | -25.9 | -13.1 | -6.4 | -6.2 | -1.4 | -0.7 | 0.1 | -0.1 | -1.2 | 0.2 |
| Equity | 277M | 78M | -73M | 57M | -3.0M | 99M | 77M | 781M | 1.0B | 931M | 641M | 614M | 600M |
| Total Assets | 2.6B | 2.1B | 1.8B | 1.7B | 1.5B | 1.4B | 1.2B | 2.2B | 2.3B | 2.4B | 2.0B | 1.6B | 1.6B |
| Total Liabilities | 2.3B | 2.0B | 1.8B | 1.5B | 1.3B | 1.1B | 980M | 1.2B | 1.0B | 1.2B | 1.1B | 904M | 885M |
| Intangibles | 182M | 119M | 121M | 84M | 58M | 47M | 39M | 34M | 28M | 24M | 20M | 17M | 17M |
| Retained Earnings | -204M | -283M | -268M | -174M | -200M | -79M | -620M | -596M | -570M | -495M | -393M | -521M | -537M |
| Working Capital | 951M | 819M | 622M | 539M | 132M | 338M | 331M | 498M | 388M | 429M | 334M | 573M | 479M |
| Current Assets | 1.6B | 1.3B | 1.0B | 958M | 910M | 706M | 627M | 807M | 681M | 712M | 595M | 841M | 793M |
| Current Liabilities | 599M | 459M | 417M | 419M | 778M | 368M | 296M | 309M | 293M | 283M | 261M | 268M | 314M |
| Per Share Data | |||||||||||||
| EPS | -1.48 | -0.96 | 0.14 | 0.88 | -0.19 | 1.12 | -9.77 | 0.27 | 0.16 | 0.67 | 0.90 | -1.78 | -1.75 |
| Owner EPS | -4.02 | -3.08 | -1.19 | -1.46 | -1.65 | -0.48 | -1.57 | -1.04 | -1.85 | 0.01 | -0.47 | 5.12 | 4.62 |
| Book Value | 3.32 | 0.93 | -0.68 | 0.53 | -0.04 | 0.95 | 1.39 | 9.59 | 12.81 | 11.14 | 7.40 | 7.05 | 6.15 |
| Cash Flow/Share | -1.53 | -1.13 | -0.14 | -0.63 | -0.72 | 0.12 | -0.63 | -0.58 | -1.43 | 0.45 | -0.08 | 5.51 | -1.39 |
| Dividends/Share | N/A | N/A | N/A | 0.09 | 0.09 | 0.03 | 0.40 | 0.09 | 0.05 | 0.05 | 0.05 | 0.02 | 0.04 |
| Shares Out. | 83.4M | 83.8M | 107.1M | 106.8M | 85.6M | 104.0M | 55.4M | 81.5M | 81.3M | 83.6M | 86.7M | 87.1M | 97.6M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | 56.4 | 1.8 | N/A | 1.7 | N/A | 17.8 | 17.9 | 6.0 | 7.8 | N/A | -4.7 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 56.3 | N/A | N/A | 1.7 |
| EV/EBIT | N/A | 7.4 | 7.2 | N/A | N/A | N/A | N/A | N/A | N/A | 163.8 | N/A | N/A | 50.4 |
| Price/Book | N/A | 6.9 | N/A | 2.3 | N/A | 2.0 | 6.0 | 0.5 | 0.4 | 0.5 | 1.2 | N/A | 1.3 |
| Price/Sales | N/A | 0.4 | 0.4 | 0.3 | 0.1 | 0.1 | 0.3 | 0.6 | 0.7 | 0.4 | 0.5 | N/A | 0.7 |
| FCF Yield | N/A | -25.5% | -6.6% | -78.8% | -190.4% | -1.5% | -11.2% | -15.9% | -31.5% | 1.3% | -7.9% | N/A | 57.3% |
| Market Cap | 0 | 542M | 846M | 133M | 50M | 199M | 463M | 427M | 466M | 452M | 794M | 0 | 803M |
| Avg. Price | 0.00 | 16.75 | 13.46 | 9.24 | 4.43 | 2.67 | 5.36 | 7.66 | 4.97 | 4.13 | 4.98 | 0.00 | 8.23 |
| Year-End Price | 0.00 | 12.93 | 15.80 | 3.10 | 2.62 | 3.83 | 8.37 | 4.80 | 2.87 | 4.04 | 7.01 | 0.00 | 8.23 |
EASTMAN KODAK CO passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 17.7%. Total shareholder yield (dividends + buybacks) is 1.2%. At current prices, the estimated annualized return to fair value is +1.3%.
EASTMAN KODAK CO (KODK) has a debt-to-equity ratio of 0.41. This indicates a conservatively financed balance sheet.
EASTMAN KODAK CO (KODK) reported earnings per share (EPS) of $-1.78 in its most recent fiscal year.
EASTMAN KODAK CO (KODK) has a return on equity (ROE) of -24.7%. A negative ROE may indicate losses or negative equity.
EASTMAN KODAK CO (KODK) has a 5-year average gross margin of 17.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 18 years of financial data for EASTMAN KODAK CO (KODK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
EASTMAN KODAK CO (KODK) has a book value per share of $7.05, based on its most recent annual SEC filing.