Eastman Kodak Company (KODK) 10-Year Financial Performance & Capital Metrics

KODK • • Industrial / General

IndustrialsBusiness ServicesPrinting & Communications ServicesCommercial Printing & Publishing

AboutEastman Kodak Company provides hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through Traditional Printing, Digital Printing, Advanced Materials and Chemicals, and Brand. The Traditional Printing segment offers digital offset plate and computer-to-plate imaging solutions to commercial industries, including commercial print, direct mail, book publishing, newspapers and magazines, and packaging. The Digital Printing segment provides electrophotographic printing solutions, such as The ASCEND and NEXFINITY printers; prosper products, including the PROSPER 6000 Press, PROSPER Writing Systems, PROSPER press systems, and PROSPER components; versamark products; and PRINERGY workflow production software. The Advanced Materials and Chemicals segment engages in industrial film and chemicals, motion picture, and advanced materials and functional printing businesses. This segment also comprises the Kodak Research Laboratories, which conducts research, develops new product or new business opportunities, and files patent applications for its inventions and innovations, 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 engages 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.Show more

Revenue $1.04B -6.6%
EBITDA $21M -38.2%
Net Income $102M +36.0%
EPS (Diluted) 0.90 +34.3%
Gross Margin 19.46% +2.1%
EBITDA Margin 2.01% -33.9%
Operating Margin -0.67% -287.4%
Net Margin 9.78% +45.6%
ROE 10.2% +62.2%
ROIC -0.41% -291.1%
Debt/Equity 0.58 +33.9%
Interest Coverage -0.12 -254.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.8x book value

✗Weaknesses

✗Negative free cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-6.52%

5Y-3.43%

3Y-3.2%

TTM-0.67%

Profit (Net Income) CAGR

10Y-

5Y-2.54%

3Y61.98%

TTM-92.59%

EPS CAGR

10Y-

5Y-

3Y49.38%

TTM-112.76%

ROCE

10Y Avg-2.46%

5Y Avg-2.44%

3Y Avg-0.51%

Latest-0.37%

Peer Comparison

Commercial Printing & Publishing

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KODKEastman Kodak Company	715.29M	7.42	8.24	-6.62%	0.57%	0.7%		0.58
SFHGSamfine Creation Holdings Group Limited	8.69M	0.77	-5.92	30.89%	-1.73%	-5.57%		0.33
QUADQuad/Graphics, Inc.	241.52M	6.42	-6	-9.65%	0.82%	21.3%	23.06%	9.31

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.8B	1.64B	1.39B	1.32B	1.24B	1.03B	1.15B	1.21B	1.12B	1.04B
Revenue Growth %	-0.12%	-0.09%	-0.16%	-0.05%	-0.06%	-0.17%	0.12%	0.05%	-0.07%	-0.07%
Cost of Goods Sold+	1.42B	1.24B	1.18B	1.14B	1.06B	894M	986M	1.03B	904M	840M
COGS % of Revenue	0.79%	0.75%	0.85%	0.86%	0.85%	0.87%	0.86%	0.86%	0.81%	0.81%
Gross Profit+	381M	403M	211M	180M	182M	135M	164M	173M	213M	203M
Gross Margin %	0.21%	0.25%	0.15%	0.14%	0.15%	0.13%	0.14%	0.14%	0.19%	0.19%
Gross Profit Growth %	-0.17%	0.06%	-0.48%	-0.15%	0.01%	-0.26%	0.21%	0.05%	0.23%	-0.05%
Operating Expenses+	327M	290M	229M	281M	284M	209M	210M	199M	209M	210M
OpEx % of Revenue	0.18%	0.18%	0.17%	0.21%	0.23%	0.2%	0.18%	0.17%	0.19%	0.2%
Selling, General & Admin	226M	198M	239M	224M	107M	73M	75M	55M	13M	179M
SG&A % of Revenue	0.13%	0.12%	0.17%	0.17%	0.09%	0.07%	0.07%	0.05%	0.01%	0.17%
Research & Development	44M	60M	64M	48M	42M	34M	33M	34M	34M	33M
R&D % of Revenue	0.02%	0.04%	0.05%	0.04%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
Other Operating Expenses	40M	32M	-74M	9M	135M	102M	102M	110M	162M	-2M
Operating Income+	54M	113M	-18M	-101M	-102M	-74M	-46M	-26M	4M	-7M
Operating Margin %	0.03%	0.07%	-0.01%	-0.08%	-0.08%	-0.07%	-0.04%	-0.02%	0%	-0.01%
Operating Income Growth %	0.15%	1.09%	-1.16%	-4.61%	-0.01%	0.27%	0.38%	0.43%	1.15%	-2.75%
EBITDA+	199M	218M	62M	-28M	-47M	-37M	-15M	3M	34M	21M
EBITDA Margin %	0.11%	0.13%	0.04%	-0.02%	-0.04%	-0.04%	-0.01%	0%	0.03%	0.02%
EBITDA Growth %	-0.19%	0.1%	-0.72%	-1.45%	-0.68%	0.21%	0.59%	1.2%	10.33%	-0.38%
D&A (Non-Cash Add-back)	145M	105M	80M	73M	55M	37M	31M	29M	30M	28M
EBIT	28M	111M	-18M	-4M	38M	34M	56M	85M	165M	169M
Net Interest Income+	-62M	-57M	-4M	-9M	-16M	-12M	-33M	-40M	-37M	-47M
Interest Income	1M	3M	4M	0	0	0	0	0	15M	12M
Interest Expense	63M	60M	8M	9M	16M	12M	33M	40M	52M	59M
Other Income/Expense	-89M	-62M	-8M	88M	42M	-302M	74M	57M	83M	117M
Pretax Income+	-35M	51M	-26M	-13M	-60M	-376M	28M	31M	87M	110M
Pretax Margin %	-0.02%	0.03%	-0.02%	-0.01%	-0.05%	-0.37%	0.02%	0.03%	0.08%	0.11%
Income Tax+	32M	33M	-120M	-4M	31M	168M	4M	5M	12M	8M
Effective Tax Rate %	2.29%	0.29%	-3.62%	1.23%	-1.93%	1.44%	0.86%	0.84%	0.86%	0.93%
Net Income+	-80M	15M	94M	-16M	116M	-541M	24M	26M	75M	102M
Net Margin %	-0.04%	0.01%	0.07%	-0.01%	0.09%	-0.53%	0.02%	0.02%	0.07%	0.1%
Net Income Growth %	0.35%	1.19%	5.27%	-1.17%	8.25%	-5.66%	1.04%	0.08%	1.88%	0.36%
Net Income (Continuing)	-67M	18M	93M	-9M	-91M	-544M	24M	26M	75M	102M
Discontinued Operations	-8M	-2M	1M	-7M	207M	3M	0	0	0	0
Minority Interest	25M	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.90	0.28	1.76	-0.84	-2.74	-9.77	0.27	0.16	0.67	0.90
EPS Growth %	0.36%	1.15%	5.29%	-1.48%	-2.26%	-2.57%	1.03%	-0.41%	3.19%	0.34%
EPS (Basic)	-1.91	0.28	1.76	-0.84	-2.74	-9.77	0.28	0.16	0.77	0.97
Diluted Shares Outstanding	42.08M	42.4M	42.7M	42.7M	43M	57.4M	80.5M	80.6M	90.5M	92.3M
Basic Shares Outstanding	41.9M	42.2M	42.5M	42.7M	43M	57.4M	78.4M	78.9M	79.4M	80.1M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.28B	1.12B	958M	878M	706M	627M	807M	681M	712M	595M
Cash & Short-Term Investments	547M	433M	344M	246M	233M	196M	362M	217M	255M	201M
Cash Only	547M	433M	344M	246M	233M	196M	362M	217M	255M	201M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	350M	277M	253M	232M	208M	177M	175M	177M	195M	138M
Days Sales Outstanding	70.85	61.54	66.63	64.15	61.13	62.78	55.54	53.61	63.72	48.29
Inventory	314M	236M	276M	236M	215M	206M	219M	237M	217M	219M
Days Inventory Outstanding	80.6	69.47	85.74	75.56	74.03	84.11	81.07	83.82	87.62	95.16
Other Current Assets	169M	57M	116M	164M	50M	48M	51M	50M	45M	37M
Total Non-Current Assets+	860M	656M	749M	633M	709M	621M	1.36B	1.6B	1.64B	1.41B
Property, Plant & Equipment	426M	298M	314M	246M	230M	200M	187M	193M	199M	216M
Fixed Asset Turnover	4.23x	5.51x	4.41x	5.37x	5.40x	5.15x	6.15x	6.24x	5.61x	4.83x
Goodwill	88M	88M	32M	12M	12M	12M	12M	12M	12M	12M
Intangible Assets	158M	84M	86M	60M	47M	39M	34M	28M	24M	20M
Long-Term Investments	43M	36M	32M	112M	0	64M	54M	25M	0	104M
Other Non-Current Assets	122M	115M	97M	43M	273M	370M	1.13B	1.35B	1.41B	1.05B
Total Assets+	2.14B	1.78B	1.71B	1.51B	1.42B	1.25B	2.17B	2.29B	2.35B	2B
Asset Turnover	0.84x	0.93x	0.81x	0.87x	0.88x	0.82x	0.53x	0.53x	0.47x	0.52x
Asset Growth %	-0.16%	-0.17%	-0.04%	-0.11%	-0.06%	-0.12%	0.74%	0.05%	0.03%	-0.15%
Total Current Liabilities+	459M	425M	419M	778M	368M	296M	309M	293M	283M	261M
Accounts Payable	186M	200M	183M	130M	153M	118M	153M	134M	125M	120M
Days Payables Outstanding	47.74	58.87	56.85	41.62	52.68	48.18	56.64	47.39	50.47	52.14
Short-Term Debt	4M	3M	4M	396M	1M	1M	1M	1M	1M	1M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	155M	122M	174M	218M	141M	74M	58M	59M	97M	32M
Current Ratio	2.78x	2.64x	2.29x	1.13x	1.92x	2.12x	2.61x	2.32x	2.52x	2.28x
Quick Ratio	2.10x	2.08x	1.63x	0.83x	1.33x	1.42x	1.90x	1.52x	1.75x	1.44x
Cash Conversion Cycle	103.71	72.13	95.52	98.09	82.48	98.71	79.98	90.04	100.87	91.31
Total Non-Current Liabilities+	1.58B	1.27B	1.07B	563M	766M	684M	885M	748M	931M	881M
Long-Term Debt	673M	399M	399M	5M	105M	14M	252M	315M	456M	465M
Capital Lease Obligations	6M	6M	4M	3M	52M	52M	46M	32M	25M	22M
Deferred Tax Liabilities	18M	16M	16M	14M	13M	31M	29M	27M	27M	24M
Other Non-Current Liabilities	879M	855M	648M	534M	578M	570M	544M	363M	360M	313M
Total Liabilities	2.04B	1.69B	1.49B	1.34B	1.13B	980M	1.19B	1.04B	1.21B	1.14B
Total Debt+	680M	407M	403M	401M	171M	80M	312M	363M	495M	499M
Net Debt	133M	-26M	59M	155M	-62M	-116M	-50M	146M	240M	298M
Debt / Equity	6.60x	4.90x	1.82x	2.36x	0.61x	0.30x	0.32x	0.29x	0.43x	0.58x
Debt / EBITDA	3.42x	1.87x	6.50x	-	-	-	-	121.00x	14.56x	23.76x
Net Debt / EBITDA	0.67x	-0.12x	0.95x	-	-	-	-	48.67x	7.06x	14.19x
Interest Coverage	0.86x	1.88x	-2.25x	-11.22x	-6.38x	-6.17x	-1.39x	-0.65x	0.08x	-0.12x
Total Equity+	103M	83M	221M	170M	281M	268M	977M	1.24B	1.14B	859M
Equity Growth %	-0.66%	-0.19%	1.66%	-0.23%	0.65%	-0.05%	2.65%	0.27%	-0.08%	-0.25%
Book Value per Share	2.45	1.96	5.18	3.98	6.53	4.67	12.14	15.43	12.61	9.31
Total Shareholders' Equity	78M	83M	221M	170M	281M	268M	977M	1.24B	1.14B	859M
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-283M	-268M	-174M	-200M	-79M	-620M	-596M	-570M	-495M	-393M
Treasury Stock	-5M	-8M	-9M	-9M	-9M	-9M	-10M	-11M	-11M	-12M
Accumulated OCI	-267M	-438M	-391M	-411M	-417M	-446M	221M	462M	281M	-104M
Minority Interest	25M	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-95M	-13M	-67M	-62M	12M	-35M	-47M	-116M	38M	-7M
Operating CF Margin %	-0.05%	-0.01%	-0.05%	-0.05%	0.01%	-0.03%	-0.04%	-0.1%	0.03%	-0.01%
Operating CF Growth %	0.26%	0.86%	-4.15%	0.07%	1.19%	-3.92%	-0.34%	-1.47%	1.33%	-1.18%
Net Income	-75M	16M	94M	-16M	116M	-541M	24M	26M	75M	102M
Depreciation & Amortization	145M	105M	80M	73M	55M	37M	31M	29M	30M	28M
Stock-Based Compensation	18M	8M	9M	6M	7M	15M	7M	5M	7M	6M
Deferred Taxes	6M	15M	-129M	18M	21M	160M	-1M	-3M	-1M	-1M
Other Non-Cash Items	-107M	-149M	-77M	-84M	-234M	311M	-90M	-81M	-89M	-138M
Working Capital Changes	-82M	-8M	-44M	-59M	47M	-17M	-18M	-92M	16M	-4M
Change in Receivables	15M	54M	11M	12M	21M	33M	-8M	-13M	-10M	51M
Change in Inventory	12M	16M	-4M	-9M	11M	12M	-19M	-31M	19M	-7M
Change in Payables	3M	13M	-14M	-31M	25M	-36M	38M	-12M	-14M	-3M
Cash from Investing+	-51M	-21M	-24M	-22M	311M	-13M	-20M	-56M	-32M	-39M
Capital Expenditures	-43M	-41M	-38M	-33M	-15M	-17M	-21M	-31M	-32M	0
CapEx % of Revenue	0.02%	0.02%	0.03%	0.03%	0.01%	0.02%	0.02%	0.03%	0.03%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-10M	8M	-25M	11M	0	4M	0	-25M	0	-39M
Cash from Financing+	-1M	-72M	-29M	-11M	-298M	10M	238M	43M	85M	-23M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-10M	-8M	-3M	-22M	-7M	-4M	-4M	-4M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1M	15M	-7M	0	-10M	33M	-2M	0	-1M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-138M	-54M	-105M	-95M	-3M	-52M	-68M	-147M	6M	-63M
FCF Margin %	-0.08%	-0.03%	-0.08%	-0.07%	-0%	-0.05%	-0.06%	-0.12%	0.01%	-0.06%
FCF Growth %	0.19%	0.61%	-0.94%	0.1%	0.97%	-16.33%	-0.31%	-1.16%	1.04%	-11.5%
FCF per Share	-3.28	-1.27	-2.46	-2.22	-0.07	-0.91	-0.84	-1.82	0.07	-0.68
FCF Conversion (FCF/Net Income)	1.19x	-0.87x	-0.71x	3.88x	0.10x	0.06x	-1.96x	-4.46x	0.51x	-0.07x
Interest Paid	60M	58M	31M	0	21M	8M	14M	23M	26M	31M
Taxes Paid	12M	24M	18M	0	17M	8M	2M	6M	9M	13M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-39.8%	16.13%	61.84%	-8.18%	51.44%	-197.09%	3.86%	2.34%	6.29%	10.2%
Return on Invested Capital (ROIC)	16.2%	57.85%	-8.01%	-25.04%	-28.13%	-29.92%	-6.39%	-1.68%	0.22%	-0.41%
Gross Margin	21.13%	24.53%	15.22%	13.64%	14.65%	13.12%	14.26%	14.36%	19.07%	19.46%
Net Margin	-4.44%	0.91%	6.78%	-1.21%	9.34%	-52.58%	2.09%	2.16%	6.71%	9.78%
Debt / Equity	6.60x	4.90x	1.82x	2.36x	0.61x	0.30x	0.32x	0.29x	0.43x	0.58x
Interest Coverage	0.86x	1.88x	-2.25x	-11.22x	-6.38x	-6.17x	-1.39x	-0.65x	0.08x	-0.12x
FCF Conversion	1.19x	-0.87x	-0.71x	3.88x	0.10x	0.06x	-1.96x	-4.46x	0.51x	-0.07x
Revenue Growth	-11.88%	-8.87%	-15.64%	-4.76%	-5.91%	-17.15%	11.76%	4.78%	-7.3%	-6.62%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Other	-	-	-	-	-	-	35M	34M	35M
Other Growth	-	-	-	-	-	-	-	-2.86%	2.94%
Growth Products	-	-	-	-	-	-	-	14M	4M
Growth Products Growth	-	-	-	-	-	-	-	-	-71.43%
Annuities	-	-	-	-	-	-	897M	-	-
Annuities Growth	-	-	-	-	-	-	-	-	-
Equipment And Software	-	-	-	-	-	-	81M	-	-
Equipment And Software Growth	-	-	-	-	-	-	-	-	-
Product	-	-	-	979M	806M	925M	-	-	-
Product Growth	-	-	-	-	-17.67%	14.76%	-	-	-
Service	-	-	-	263M	223M	225M	-	-	-
Service Growth	-	-	-	-	-15.21%	0.90%	-	-	-
Print Systems	-	-	234M	-	-	-	-	-	-
Print Systems Growth	-	-	-	-	-	-	-	-	-
Consumer And Film	-	-	125M	-	-	-	-	-	-
Consumer And Film Growth	-	-	-	-	-	-	-	-	-
Enterprise Inkjet System	-	-	45M	-	-	-	-	-	-
Enterprise Inkjet System Growth	-	-	-	-	-	-	-	-	-
Software And Solutions	-	-	29M	-	-	-	-	-	-
Software And Solutions Growth	-	-	-	-	-	-	-	-	-
Eastman Business Park Rochester N Y	-	-	17M	-	-	-	-	-	-
Eastman Business Park Rochester N Y Growth	-	-	-	-	-	-	-	-	-
Advanced Materials And3 D Printing Technology	-	-	4M	-	-	-	-	-	-
Advanced Materials And3 D Printing Technology Growth	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024
North America	-	-	-	-	-	-	508M	502M	497M
North America Growth	-	-	-	-	-	-	-	-1.18%	-1.00%
EMEA	-	-	-	-	-	-	429M	380M	334M
EMEA Growth	-	-	-	-	-	-	-	-11.42%	-12.11%
Asia Pacific	373M	369M	-	-	-	-	234M	211M	193M
Asia Pacific Growth	-	-1.07%	-	-	-	-	-	-9.83%	-8.53%
Latin America	-	-	-	-	-	-	34M	24M	19M
Latin America Growth	-	-	-	-	-	-	-	-29.41%	-20.83%
Non Us	1.02B	1.03B	-	-	-	-	-	-	-
Non Us Growth	-	0.39%	-	-	-	-	-	-	-
E M E A	519M	527M	-	-	-	-	-	-	-
E M E A Growth	-	1.54%	-	-	-	-	-	-	-
UNITED STATES	520M	504M	-	-	-	-	-	-	-
UNITED STATES Growth	-	-3.08%	-	-	-	-	-	-	-
Canada And Latin America	131M	131M	-	-	-	-	-	-	-
Canada And Latin America Growth	-	0.00%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Eastman Kodak Company (KODK) has a price-to-earnings (P/E) ratio of 8.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Eastman Kodak Company (KODK) reported $1.04B in revenue for fiscal year 2024. This represents a 71% decrease from $3.58B in 2011.

Eastman Kodak Company (KODK) saw revenue decline by 6.6% over the past year.

Yes, Eastman Kodak Company (KODK) is profitable, generating $6.0M in net income for fiscal year 2024 (9.8% net margin).

Dividend & Returns

Yes, Eastman Kodak Company (KODK) pays a dividend with a yield of 0.58%. This makes it attractive for income-focused investors.

Eastman Kodak Company (KODK) has a return on equity (ROE) of 10.2%. This is reasonable for most industries.

Eastman Kodak Company (KODK) had negative free cash flow of $50.0M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Eastman Kodak Company (KODK) 10-Year Financial Performance & Capital Metrics

KODK • • Industrial / General

IndustrialsBusiness ServicesPrinting & Communications ServicesCommercial Printing & Publishing

Revenue $1.04B -6.6%
EBITDA $21M -38.2%
Net Income $102M +36.0%
EPS (Diluted) 0.90 +34.3%
Gross Margin 19.46% +2.1%
EBITDA Margin 2.01% -33.9%
Operating Margin -0.67% -287.4%
Net Margin 9.78% +45.6%
ROE 10.2% +62.2%
ROIC -0.41% -291.1%
Debt/Equity 0.58 +33.9%
Interest Coverage -0.12 -254.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.8x book value

✗Weaknesses

✗Negative free cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-6.52%

5Y-3.43%

3Y-3.2%

TTM-0.67%

Profit (Net Income) CAGR

10Y-

5Y-2.54%

3Y61.98%

TTM-92.59%

EPS CAGR

10Y-

5Y-

3Y49.38%

TTM-112.76%

ROCE

10Y Avg-2.46%

5Y Avg-2.44%

3Y Avg-0.51%

Latest-0.37%

Peer Comparison

Commercial Printing & Publishing

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KODKEastman Kodak Company	715.29M	7.42	8.24	-6.62%	0.57%	0.7%		0.58
SFHGSamfine Creation Holdings Group Limited	8.69M	0.77	-5.92	30.89%	-1.73%	-5.57%		0.33
QUADQuad/Graphics, Inc.	241.52M	6.42	-6	-9.65%	0.82%	21.3%	23.06%	9.31

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.8B	1.64B	1.39B	1.32B	1.24B	1.03B	1.15B	1.21B	1.12B	1.04B
Revenue Growth %	-0.12%	-0.09%	-0.16%	-0.05%	-0.06%	-0.17%	0.12%	0.05%	-0.07%	-0.07%
Cost of Goods Sold+	1.42B	1.24B	1.18B	1.14B	1.06B	894M	986M	1.03B	904M	840M
COGS % of Revenue	0.79%	0.75%	0.85%	0.86%	0.85%	0.87%	0.86%	0.86%	0.81%	0.81%
Gross Profit+	381M	403M	211M	180M	182M	135M	164M	173M	213M	203M
Gross Margin %	0.21%	0.25%	0.15%	0.14%	0.15%	0.13%	0.14%	0.14%	0.19%	0.19%
Gross Profit Growth %	-0.17%	0.06%	-0.48%	-0.15%	0.01%	-0.26%	0.21%	0.05%	0.23%	-0.05%
Operating Expenses+	327M	290M	229M	281M	284M	209M	210M	199M	209M	210M
OpEx % of Revenue	0.18%	0.18%	0.17%	0.21%	0.23%	0.2%	0.18%	0.17%	0.19%	0.2%
Selling, General & Admin	226M	198M	239M	224M	107M	73M	75M	55M	13M	179M
SG&A % of Revenue	0.13%	0.12%	0.17%	0.17%	0.09%	0.07%	0.07%	0.05%	0.01%	0.17%
Research & Development	44M	60M	64M	48M	42M	34M	33M	34M	34M	33M
R&D % of Revenue	0.02%	0.04%	0.05%	0.04%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
Other Operating Expenses	40M	32M	-74M	9M	135M	102M	102M	110M	162M	-2M
Operating Income+	54M	113M	-18M	-101M	-102M	-74M	-46M	-26M	4M	-7M
Operating Margin %	0.03%	0.07%	-0.01%	-0.08%	-0.08%	-0.07%	-0.04%	-0.02%	0%	-0.01%
Operating Income Growth %	0.15%	1.09%	-1.16%	-4.61%	-0.01%	0.27%	0.38%	0.43%	1.15%	-2.75%
EBITDA+	199M	218M	62M	-28M	-47M	-37M	-15M	3M	34M	21M
EBITDA Margin %	0.11%	0.13%	0.04%	-0.02%	-0.04%	-0.04%	-0.01%	0%	0.03%	0.02%
EBITDA Growth %	-0.19%	0.1%	-0.72%	-1.45%	-0.68%	0.21%	0.59%	1.2%	10.33%	-0.38%
D&A (Non-Cash Add-back)	145M	105M	80M	73M	55M	37M	31M	29M	30M	28M
EBIT	28M	111M	-18M	-4M	38M	34M	56M	85M	165M	169M
Net Interest Income+	-62M	-57M	-4M	-9M	-16M	-12M	-33M	-40M	-37M	-47M
Interest Income	1M	3M	4M	0	0	0	0	0	15M	12M
Interest Expense	63M	60M	8M	9M	16M	12M	33M	40M	52M	59M
Other Income/Expense	-89M	-62M	-8M	88M	42M	-302M	74M	57M	83M	117M
Pretax Income+	-35M	51M	-26M	-13M	-60M	-376M	28M	31M	87M	110M
Pretax Margin %	-0.02%	0.03%	-0.02%	-0.01%	-0.05%	-0.37%	0.02%	0.03%	0.08%	0.11%
Income Tax+	32M	33M	-120M	-4M	31M	168M	4M	5M	12M	8M
Effective Tax Rate %	2.29%	0.29%	-3.62%	1.23%	-1.93%	1.44%	0.86%	0.84%	0.86%	0.93%
Net Income+	-80M	15M	94M	-16M	116M	-541M	24M	26M	75M	102M
Net Margin %	-0.04%	0.01%	0.07%	-0.01%	0.09%	-0.53%	0.02%	0.02%	0.07%	0.1%
Net Income Growth %	0.35%	1.19%	5.27%	-1.17%	8.25%	-5.66%	1.04%	0.08%	1.88%	0.36%
Net Income (Continuing)	-67M	18M	93M	-9M	-91M	-544M	24M	26M	75M	102M
Discontinued Operations	-8M	-2M	1M	-7M	207M	3M	0	0	0	0
Minority Interest	25M	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.90	0.28	1.76	-0.84	-2.74	-9.77	0.27	0.16	0.67	0.90
EPS Growth %	0.36%	1.15%	5.29%	-1.48%	-2.26%	-2.57%	1.03%	-0.41%	3.19%	0.34%
EPS (Basic)	-1.91	0.28	1.76	-0.84	-2.74	-9.77	0.28	0.16	0.77	0.97
Diluted Shares Outstanding	42.08M	42.4M	42.7M	42.7M	43M	57.4M	80.5M	80.6M	90.5M	92.3M
Basic Shares Outstanding	41.9M	42.2M	42.5M	42.7M	43M	57.4M	78.4M	78.9M	79.4M	80.1M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.28B	1.12B	958M	878M	706M	627M	807M	681M	712M	595M
Cash & Short-Term Investments	547M	433M	344M	246M	233M	196M	362M	217M	255M	201M
Cash Only	547M	433M	344M	246M	233M	196M	362M	217M	255M	201M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	350M	277M	253M	232M	208M	177M	175M	177M	195M	138M
Days Sales Outstanding	70.85	61.54	66.63	64.15	61.13	62.78	55.54	53.61	63.72	48.29
Inventory	314M	236M	276M	236M	215M	206M	219M	237M	217M	219M
Days Inventory Outstanding	80.6	69.47	85.74	75.56	74.03	84.11	81.07	83.82	87.62	95.16
Other Current Assets	169M	57M	116M	164M	50M	48M	51M	50M	45M	37M
Total Non-Current Assets+	860M	656M	749M	633M	709M	621M	1.36B	1.6B	1.64B	1.41B
Property, Plant & Equipment	426M	298M	314M	246M	230M	200M	187M	193M	199M	216M
Fixed Asset Turnover	4.23x	5.51x	4.41x	5.37x	5.40x	5.15x	6.15x	6.24x	5.61x	4.83x
Goodwill	88M	88M	32M	12M	12M	12M	12M	12M	12M	12M
Intangible Assets	158M	84M	86M	60M	47M	39M	34M	28M	24M	20M
Long-Term Investments	43M	36M	32M	112M	0	64M	54M	25M	0	104M
Other Non-Current Assets	122M	115M	97M	43M	273M	370M	1.13B	1.35B	1.41B	1.05B
Total Assets+	2.14B	1.78B	1.71B	1.51B	1.42B	1.25B	2.17B	2.29B	2.35B	2B
Asset Turnover	0.84x	0.93x	0.81x	0.87x	0.88x	0.82x	0.53x	0.53x	0.47x	0.52x
Asset Growth %	-0.16%	-0.17%	-0.04%	-0.11%	-0.06%	-0.12%	0.74%	0.05%	0.03%	-0.15%
Total Current Liabilities+	459M	425M	419M	778M	368M	296M	309M	293M	283M	261M
Accounts Payable	186M	200M	183M	130M	153M	118M	153M	134M	125M	120M
Days Payables Outstanding	47.74	58.87	56.85	41.62	52.68	48.18	56.64	47.39	50.47	52.14
Short-Term Debt	4M	3M	4M	396M	1M	1M	1M	1M	1M	1M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	155M	122M	174M	218M	141M	74M	58M	59M	97M	32M
Current Ratio	2.78x	2.64x	2.29x	1.13x	1.92x	2.12x	2.61x	2.32x	2.52x	2.28x
Quick Ratio	2.10x	2.08x	1.63x	0.83x	1.33x	1.42x	1.90x	1.52x	1.75x	1.44x
Cash Conversion Cycle	103.71	72.13	95.52	98.09	82.48	98.71	79.98	90.04	100.87	91.31
Total Non-Current Liabilities+	1.58B	1.27B	1.07B	563M	766M	684M	885M	748M	931M	881M
Long-Term Debt	673M	399M	399M	5M	105M	14M	252M	315M	456M	465M
Capital Lease Obligations	6M	6M	4M	3M	52M	52M	46M	32M	25M	22M
Deferred Tax Liabilities	18M	16M	16M	14M	13M	31M	29M	27M	27M	24M
Other Non-Current Liabilities	879M	855M	648M	534M	578M	570M	544M	363M	360M	313M
Total Liabilities	2.04B	1.69B	1.49B	1.34B	1.13B	980M	1.19B	1.04B	1.21B	1.14B
Total Debt+	680M	407M	403M	401M	171M	80M	312M	363M	495M	499M
Net Debt	133M	-26M	59M	155M	-62M	-116M	-50M	146M	240M	298M
Debt / Equity	6.60x	4.90x	1.82x	2.36x	0.61x	0.30x	0.32x	0.29x	0.43x	0.58x
Debt / EBITDA	3.42x	1.87x	6.50x	-	-	-	-	121.00x	14.56x	23.76x
Net Debt / EBITDA	0.67x	-0.12x	0.95x	-	-	-	-	48.67x	7.06x	14.19x
Interest Coverage	0.86x	1.88x	-2.25x	-11.22x	-6.38x	-6.17x	-1.39x	-0.65x	0.08x	-0.12x
Total Equity+	103M	83M	221M	170M	281M	268M	977M	1.24B	1.14B	859M
Equity Growth %	-0.66%	-0.19%	1.66%	-0.23%	0.65%	-0.05%	2.65%	0.27%	-0.08%	-0.25%
Book Value per Share	2.45	1.96	5.18	3.98	6.53	4.67	12.14	15.43	12.61	9.31
Total Shareholders' Equity	78M	83M	221M	170M	281M	268M	977M	1.24B	1.14B	859M
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-283M	-268M	-174M	-200M	-79M	-620M	-596M	-570M	-495M	-393M
Treasury Stock	-5M	-8M	-9M	-9M	-9M	-9M	-10M	-11M	-11M	-12M
Accumulated OCI	-267M	-438M	-391M	-411M	-417M	-446M	221M	462M	281M	-104M
Minority Interest	25M	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-95M	-13M	-67M	-62M	12M	-35M	-47M	-116M	38M	-7M
Operating CF Margin %	-0.05%	-0.01%	-0.05%	-0.05%	0.01%	-0.03%	-0.04%	-0.1%	0.03%	-0.01%
Operating CF Growth %	0.26%	0.86%	-4.15%	0.07%	1.19%	-3.92%	-0.34%	-1.47%	1.33%	-1.18%
Net Income	-75M	16M	94M	-16M	116M	-541M	24M	26M	75M	102M
Depreciation & Amortization	145M	105M	80M	73M	55M	37M	31M	29M	30M	28M
Stock-Based Compensation	18M	8M	9M	6M	7M	15M	7M	5M	7M	6M
Deferred Taxes	6M	15M	-129M	18M	21M	160M	-1M	-3M	-1M	-1M
Other Non-Cash Items	-107M	-149M	-77M	-84M	-234M	311M	-90M	-81M	-89M	-138M
Working Capital Changes	-82M	-8M	-44M	-59M	47M	-17M	-18M	-92M	16M	-4M
Change in Receivables	15M	54M	11M	12M	21M	33M	-8M	-13M	-10M	51M
Change in Inventory	12M	16M	-4M	-9M	11M	12M	-19M	-31M	19M	-7M
Change in Payables	3M	13M	-14M	-31M	25M	-36M	38M	-12M	-14M	-3M
Cash from Investing+	-51M	-21M	-24M	-22M	311M	-13M	-20M	-56M	-32M	-39M
Capital Expenditures	-43M	-41M	-38M	-33M	-15M	-17M	-21M	-31M	-32M	0
CapEx % of Revenue	0.02%	0.02%	0.03%	0.03%	0.01%	0.02%	0.02%	0.03%	0.03%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-10M	8M	-25M	11M	0	4M	0	-25M	0	-39M
Cash from Financing+	-1M	-72M	-29M	-11M	-298M	10M	238M	43M	85M	-23M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-10M	-8M	-3M	-22M	-7M	-4M	-4M	-4M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1M	15M	-7M	0	-10M	33M	-2M	0	-1M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-138M	-54M	-105M	-95M	-3M	-52M	-68M	-147M	6M	-63M
FCF Margin %	-0.08%	-0.03%	-0.08%	-0.07%	-0%	-0.05%	-0.06%	-0.12%	0.01%	-0.06%
FCF Growth %	0.19%	0.61%	-0.94%	0.1%	0.97%	-16.33%	-0.31%	-1.16%	1.04%	-11.5%
FCF per Share	-3.28	-1.27	-2.46	-2.22	-0.07	-0.91	-0.84	-1.82	0.07	-0.68
FCF Conversion (FCF/Net Income)	1.19x	-0.87x	-0.71x	3.88x	0.10x	0.06x	-1.96x	-4.46x	0.51x	-0.07x
Interest Paid	60M	58M	31M	0	21M	8M	14M	23M	26M	31M
Taxes Paid	12M	24M	18M	0	17M	8M	2M	6M	9M	13M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-39.8%	16.13%	61.84%	-8.18%	51.44%	-197.09%	3.86%	2.34%	6.29%	10.2%
Return on Invested Capital (ROIC)	16.2%	57.85%	-8.01%	-25.04%	-28.13%	-29.92%	-6.39%	-1.68%	0.22%	-0.41%
Gross Margin	21.13%	24.53%	15.22%	13.64%	14.65%	13.12%	14.26%	14.36%	19.07%	19.46%
Net Margin	-4.44%	0.91%	6.78%	-1.21%	9.34%	-52.58%	2.09%	2.16%	6.71%	9.78%
Debt / Equity	6.60x	4.90x	1.82x	2.36x	0.61x	0.30x	0.32x	0.29x	0.43x	0.58x
Interest Coverage	0.86x	1.88x	-2.25x	-11.22x	-6.38x	-6.17x	-1.39x	-0.65x	0.08x	-0.12x
FCF Conversion	1.19x	-0.87x	-0.71x	3.88x	0.10x	0.06x	-1.96x	-4.46x	0.51x	-0.07x
Revenue Growth	-11.88%	-8.87%	-15.64%	-4.76%	-5.91%	-17.15%	11.76%	4.78%	-7.3%	-6.62%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Other	-	-	-	-	-	-	35M	34M	35M
Other Growth	-	-	-	-	-	-	-	-2.86%	2.94%
Growth Products	-	-	-	-	-	-	-	14M	4M
Growth Products Growth	-	-	-	-	-	-	-	-	-71.43%
Annuities	-	-	-	-	-	-	897M	-	-
Annuities Growth	-	-	-	-	-	-	-	-	-
Equipment And Software	-	-	-	-	-	-	81M	-	-
Equipment And Software Growth	-	-	-	-	-	-	-	-	-
Product	-	-	-	979M	806M	925M	-	-	-
Product Growth	-	-	-	-	-17.67%	14.76%	-	-	-
Service	-	-	-	263M	223M	225M	-	-	-
Service Growth	-	-	-	-	-15.21%	0.90%	-	-	-
Print Systems	-	-	234M	-	-	-	-	-	-
Print Systems Growth	-	-	-	-	-	-	-	-	-
Consumer And Film	-	-	125M	-	-	-	-	-	-
Consumer And Film Growth	-	-	-	-	-	-	-	-	-
Enterprise Inkjet System	-	-	45M	-	-	-	-	-	-
Enterprise Inkjet System Growth	-	-	-	-	-	-	-	-	-
Software And Solutions	-	-	29M	-	-	-	-	-	-
Software And Solutions Growth	-	-	-	-	-	-	-	-	-
Eastman Business Park Rochester N Y	-	-	17M	-	-	-	-	-	-
Eastman Business Park Rochester N Y Growth	-	-	-	-	-	-	-	-	-
Advanced Materials And3 D Printing Technology	-	-	4M	-	-	-	-	-	-
Advanced Materials And3 D Printing Technology Growth	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024
North America	-	-	-	-	-	-	508M	502M	497M
North America Growth	-	-	-	-	-	-	-	-1.18%	-1.00%
EMEA	-	-	-	-	-	-	429M	380M	334M
EMEA Growth	-	-	-	-	-	-	-	-11.42%	-12.11%
Asia Pacific	373M	369M	-	-	-	-	234M	211M	193M
Asia Pacific Growth	-	-1.07%	-	-	-	-	-	-9.83%	-8.53%
Latin America	-	-	-	-	-	-	34M	24M	19M
Latin America Growth	-	-	-	-	-	-	-	-29.41%	-20.83%
Non Us	1.02B	1.03B	-	-	-	-	-	-	-
Non Us Growth	-	0.39%	-	-	-	-	-	-	-
E M E A	519M	527M	-	-	-	-	-	-	-
E M E A Growth	-	1.54%	-	-	-	-	-	-	-
UNITED STATES	520M	504M	-	-	-	-	-	-	-
UNITED STATES Growth	-	-3.08%	-	-	-	-	-	-	-
Canada And Latin America	131M	131M	-	-	-	-	-	-	-
Canada And Latin America Growth	-	0.00%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Eastman Kodak Company (KODK) has a price-to-earnings (P/E) ratio of 8.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Eastman Kodak Company (KODK) reported $1.04B in revenue for fiscal year 2024. This represents a 71% decrease from $3.58B in 2011.

Eastman Kodak Company (KODK) saw revenue decline by 6.6% over the past year.

Yes, Eastman Kodak Company (KODK) is profitable, generating $6.0M in net income for fiscal year 2024 (9.8% net margin).

Dividend & Returns

Yes, Eastman Kodak Company (KODK) pays a dividend with a yield of 0.58%. This makes it attractive for income-focused investors.

Eastman Kodak Company (KODK) has a return on equity (ROE) of 10.2%. This is reasonable for most industries.

Eastman Kodak Company (KODK) had negative free cash flow of $50.0M in fiscal year 2024, likely due to heavy capital investments.