Forensic Analysis · General / Diversified · as of Nov 11, 2026

Eastman Kodak Co (KODK)

A forensic read on Eastman Kodak Co built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

D · Weak — demands caution

Forensic grade

Grey Zone

Financial health

2.0

Distress distance

Clean

Earnings quality

Forensic signals

-20.4%

ROE

2.5%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Eastman Kodak Co earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 2.0, placing it in the Grey zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

0.0%

FY2025

Return on invested capital. Return on invested capital is 0.0% in the latest fiscal year and steady across FY2023–FY2025, inside a 0.6-point range. After-tax operating profit was $3M in FY2023 and $0 in FY2025, with operating income at 0.4% of revenue in FY2023, -0.7% in FY2024 and 0.0% in FY2025. The capital base behind it came down -30% across FY2023–FY2025, from $1.8B to $1.3B, so this return is struck on a smaller base than it started on. FY2025's operating profit carried a $24M asset write-down and a $21M restructuring charge that alone took about 2.8 points off that year's return, so more than the whole 0.2-point fall across FY2023–FY2025 is that charge landing in the latest year rather than the capital earning less. A non-cash write-down lowers the reported return in the year it lands.

-47%

FY2024→FY2025

Dividend — cut. The payout was CUT ~47% in FY2025 (from FY2024). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies.

Key fundamentals

Latest Revenue$1.07B

Revenue Growth YoY+2.5%

Revenue CAGR (2yr)-2.2%

Net Margin-12.0%

Free Cash Flow$446.0M

Return on Equity-20.4%

Debt / Equity0.34x

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Eastman Kodak Co's actual 10-K/10-Q/8-K filings?

Generate the AI investment read →

No credit card · informational only, not investment advice · see the track record

← Browse all forensic stock analyses

Data from SEC EDGAR public filings · metrics as of Nov 11, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.