📊 KODK Key Takeaways
Is KODK a Good Investment? Thesis Analysis
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.
Why Buy 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
KODK Investment Risks to Consider
- 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
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
KODK Financial Metrics
💡 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 Profitability Ratios
KODK vs Default Sector
How EASTMAN KODAK CO compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is KODK Overvalued or Undervalued?
Based on fundamental analysis, EASTMAN KODAK CO has mixed fundamental signals relative to the Default 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.
KODK Balance Sheet & Liquidity
KODK 5-Year Financial Trend & Growth Analysis
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 Growth Metrics (YoY)
KODK Quarterly 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.
KODK Capital Allocation
KODK SEC 10-K & 10-Q Filing 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 an AI rating of SELL with 85% 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).
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).
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 85% 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: 12%). 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 Default stocks?
Vs Default sector averages: Net margin -12.0% (avg: 12%), ROE -20.8% (avg: 15%), current ratio 3.14 (avg: 1.8).