Eastman Kodak Company
Rank #407DeclineKODK · NYSE · Industrials
Eastman Kodak Company (KODK) — Rank #407 by gross profitability (GP/assets 0.15) · ROE -20.5% · Piotroski F-Score 7 / 9.
As-of 2026-09-15 · CIK 0000031235 · all metrics point-in-time as of the filing date.
About
Eastman Kodak Company focuses on the commercial print and advanced materials and chemicals businesses worldwide.
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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, décor, 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.
- Industry
- Specialty Business Services
- Sector
- Industrials
- State
- NJ
- Filer Category
- Accelerated filer
- Fiscal Year End
- December 31
- Website
- kodak.com
Price History
Company Snapshot
P/E, P/B, and dividend yield matter most — book value provides a floor.
Market Cap
$907.60M
P/E (annual)
—
P/S (annual)
0.8
P/B
1.5
P/OCF (annual)
1.9
Shareholder Yield
67.9%
Employees
3,500
Industry
Specialty Business Services
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 0/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
-30.8%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -67.7% — per-share value needs a total required return of -98.5% once share-count change is priced in.
vs. own 6-year median revenue growth: -20.1%
Cost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
-32.6%
r = 10% (base)
-30.8%
r = 12%
-29.2%
Net debt / market cap: -25.7%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
Disclosure regression check
A previously-disclosed line item is no longer reported. Worth checking the filing for why.
Asset value and restructuring potential (balance-sheet strength) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.15
Primary signal (Novy-Marx).
3rd pctl of 37 SIC 38 peers
Return on equity
-20.5%
Gross margin
21.7%
0th pctl of 37 SIC 38 peers
Revenue growth (YoY)
-79.2%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2010 | 2011 | 2012 | 2020 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
—
Revenue CAGR (5Y)
0.8%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.33
26th pctl of 35 SIC 38 peers (best = lowest)
Current ratio
2.91×
63rd pctl of 36 SIC 38 peers
Quick ratio
1.77×
Net cash
$207.00M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$446.00M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
4.48
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.5%
Stock-based comp intensity.
Dividend safety
Composite score
1.5 / 5
Piotroski F-Score
F-Score
7 / 9
Fundamental-strength score (0-9).
Lifecycle Phase History
Lynch sell alert: Turnaround stalled
Classified decline for 2 consecutive fiscal years (2012-12-31, 2020-12-31) with no recovery to a healthier phase -- Lynch's turnaround rule: if it hasn't turned around by now, assume it isn't going to.