📊 KODK Key Takeaways
Is Eastman Kodak Co (KODK) a Good Investment?
Kodak faces severe and worsening operational losses with operating margin at 0.0% and net losses of $128M (-21.1% YoY), destroying shareholder value with ROE of -20.8%. Despite anemic 2.5% revenue growth and strong cash generation, the company exhibits structural unprofitability with no clear recovery path in a declining industry.
Revenue growth is modest while operating income is breakeven and net losses persist, yielding negative ROE/ROA and zero interest coverage. Liquidity and leverage are solid, and reported free cash flow is strong, but the cash generation likely reflects working-capital/non-recurring effects rather than durable profitability. Until sustainable positive EBIT and interest coverage improve, the risk-reward on fundamentals skews negative.
Why Buy Eastman Kodak Co Stock? KODK Key Strengths
- Strong free cash flow generation of $446M (41.7% FCF margin) provides cash cushion
- Solid balance sheet with strong liquidity (3.14x current ratio, $337M cash reserves)
- Moderate leverage levels (0.34x D/E) limits financial distress risk
- Strong liquidity (3.14x current, 2.32x quick) and $337M cash
- Low leverage (0.34x D/E) with manageable $209M long-term debt
- Positive reported FCF with modest capex requirements
KODK Stock Risks: Eastman Kodak Co Investment Risks
- Operating margin at 0.0% with deteriorating net losses ($128M, -21.1% YoY) indicating structural unprofitability
- Severe shareholder value destruction (ROE -20.8%, ROA -7.9%, EPS declining -297.8% YoY)
- Anemic revenue growth of 2.5% YoY in mature/declining photography equipment industry with no profitability
- Gap between positive FCF and negative earnings suggests asset liquidation masking business decline
- Operating breakeven despite positive gross margin (21.7%) indicates fundamental operational inefficiency
- Persistent net losses and zero operating margin with negative ROE/ROA
- 0.0x interest coverage indicates inability to service interest from operations
- Low-quality cash flow risk (working capital/one-offs) amid modest 2.5% revenue growth in a challenged industry
Key Metrics to Watch
- Operating margin trend - must turn positive to indicate business viability
- Net income recovery - currently deeply negative with worsening trajectory
- Return on Equity - must improve dramatically from -20.8% toward positive levels
- Revenue growth acceleration beyond 2.5% to offset structural profitability challenges
- Free cash flow sustainability - verify source and recurrence of strong FCF amid operating losses
- Operating margin (EBIT) sustained above zero
- Operating cash flow excluding working capital changes
Eastman Kodak Co (KODK) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 41.7% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. Strong liquidity with a 3.14x current ratio provides a solid financial cushion.
KODK Profit Margin, ROE & Profitability Analysis
KODK vs Industrial Sector: How Eastman Kodak Co Compares
How Eastman Kodak Co compares to Industrial sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Eastman Kodak Co Stock Overvalued? KODK Valuation Analysis 2026
Based on fundamental analysis, Eastman Kodak Co has mixed fundamental signals relative to the Industrial sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Eastman Kodak Co Balance Sheet: KODK Debt, Cash & Liquidity
KODK Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Eastman Kodak Co's revenue has declined by 10% over the 5-year period, indicating business contraction. The most recent EPS of $0.67 reflects profitable operations.
KODK Revenue Growth, EPS Growth & YoY Performance
KODK Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $261.0M | -$7.0M | $-0.08 |
| Q2 2025 | $263.0M | -$7.0M | $0.23 |
| Q1 2025 | $247.0M | -$7.0M | $-0.12 |
| Q3 2024 | $261.0M | $2.0M | $0.00 |
| Q2 2024 | $267.0M | $26.0M | $0.23 |
| Q1 2024 | $249.0M | $32.0M | $0.30 |
| Q3 2023 | $269.0M | $2.0M | $0.00 |
| Q2 2023 | $295.0M | -$3.0M | $0.12 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Eastman Kodak Co Dividends, Buybacks & Capital Allocation
KODK SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Eastman Kodak Co (CIK: 0000031235)
📋 Recent SEC Filings
❓ Frequently Asked Questions about KODK
What is the AI rating for KODK?
Eastman Kodak Co (KODK) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (SELL) with 74% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are KODK's key strengths?
Claude: Strong free cash flow generation of $446M (41.7% FCF margin) provides cash cushion. Solid balance sheet with strong liquidity (3.14x current ratio, $337M cash reserves). ChatGPT: Strong liquidity (3.14x current, 2.32x quick) and $337M cash. Low leverage (0.34x D/E) with manageable $209M long-term debt.
What are the risks of investing in KODK?
Claude: Operating margin at 0.0% with deteriorating net losses ($128M, -21.1% YoY) indicating structural unprofitability. Severe shareholder value destruction (ROE -20.8%, ROA -7.9%, EPS declining -297.8% YoY). ChatGPT: Persistent net losses and zero operating margin with negative ROE/ROA. 0.0x interest coverage indicates inability to service interest from operations.
What is KODK's revenue and growth?
Eastman Kodak Co reported revenue of $1.1B.
Does KODK pay dividends?
Eastman Kodak Co pays dividends, with $2.0M distributed to shareholders in the trailing twelve months.
Where can I find KODK SEC filings?
Official SEC filings for Eastman Kodak Co (CIK: 0000031235) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is KODK's EPS?
Eastman Kodak Co has a diluted EPS of $-1.78.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is KODK a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Eastman Kodak Co has a SELL rating with 74% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is KODK stock overvalued or undervalued?
Valuation metrics for KODK: ROE of -20.8% (sector avg: 15%), net margin of -12.0% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy KODK stock in 2026?
Our dual AI analysis gives Eastman Kodak Co a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is KODK's free cash flow?
Eastman Kodak Co's operating cash flow is $480.0M, with capital expenditures of $34.0M. FCF margin is 41.7%.
How does KODK compare to other Industrial stocks?
Vs Industrial sector averages: Net margin -12.0% (avg: 10%), ROE -20.8% (avg: 15%), current ratio 3.14 (avg: 1.8).