📊 KODK Key Takeaways
Is Eastman Kodak Co (KODK) a Good Investment?
Eastman Kodak exhibits fundamental operational failure with negative profitability across all metrics (net margin -6.0%, operating margin -0.4%, ROE -2.7%, ROA -1.0%) and unsustainable cash burn of -$36M annually. Deteriorating earnings trend (-21.1% YoY net income decline) combined with inability to service debt from operations indicates the business is economically non-viable despite adequate near-term liquidity.
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.
Eastman Kodak Co Key Strengths (KODK)
- Strong liquidity with 2.53x current ratio and $299M cash reserves provides near-term solvency buffer
- Conservative leverage with 0.18x debt-to-equity ratio limits acute default risk and restructuring complications
- Modest 2.5% revenue growth demonstrates residual market demand in core business despite sector headwinds
- 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
- Persistent unprofitability with negative net income (-$16M), operating income (-$1M), and negative margins indicating core business dysfunction
- Negative free cash flow of -$36M annually unsustainable; current cash reserves deplete in 8+ years at this burn rate if losses continue
- Structural industry decline from digital disruption combined with negative returns on all capital deployed and inability to cover interest from operations suggests limited turnaround viability
- 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 cash flow trajectory - must inflect from -$30M toward positive generation to validate any recovery thesis
- Path to profitability - evidence of gross margin expansion or operating expense reduction needed to reach breakeven
- Cash runway and burn rate deceleration - critical to understand timeline before liquidity crisis if operational losses persist
- Operating margin (EBIT) sustained above zero
- Operating cash flow excluding working capital changes
Eastman Kodak Co (KODK) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 2.53x 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 |
|---|---|---|---|
| Q1 2026 | $247.0M | -$7.0M | $-0.12 |
| 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 |
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 Grade of C from Claude (D) and ChatGPT (C) with 76% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are KODK's key strengths?
Claude: Strong liquidity with 2.53x current ratio and $299M cash reserves provides near-term solvency buffer. Conservative leverage with 0.18x debt-to-equity ratio limits acute default risk and restructuring complications. 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: Persistent unprofitability with negative net income (-$16M), operating income (-$1M), and negative margins indicating core business dysfunction. Negative free cash flow of -$36M annually unsustainable; current cash reserves deplete in 8+ years at this burn rate if losses continue. 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 $265.0M.
Does KODK pay dividends?
Eastman Kodak Co pays dividends, with $3.0M 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 $-0.21.
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 grade reflects both perspectives for balanced insights.
What is KODK's fundamental grade?
Based on our AI fundamental analysis in May 2026, Eastman Kodak Co has a C grade with 76% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is KODK stock overvalued or undervalued?
Valuation metrics for KODK: ROE of -2.7% (sector avg: 15%), net margin of -6.0% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
What is KODK's AI grade for 2026?
Our dual AI analysis gives Eastman Kodak Co a combined C grade 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 $-30.0M, with capital expenditures of $6.0M. FCF margin is -13.6%.
How does KODK compare to other Industrial stocks?
Vs Industrial sector averages: Net margin -6.0% (avg: 10%), ROE -2.7% (avg: 15%), current ratio 2.53 (avg: 1.8).