<p>Emotional clarity (EC) of others, an individual’s perceived ability to identify someone else’s feelings, is similar yet conceptually distinct from EC of self, an individual’s perceived ability to identify their own feelings. While EC of self has been associated with greater well-being, comparatively less research has examined EC of others, which may help foster high-quality interpersonal relationships beyond the clarity of one’s own emotions. In the present study, we examine individual differences in EC-self and EC-others in the context of peer friendships. In a large cross-sectional undergraduate sample (<i>N</i> = 674), participants completed an online survey assessing EC-self, personality, and well-being. They also rated their EC of a close friend’s emotions (EC-others) and their perceived closeness with this friend. EC-self and EC-others were only moderately correlated, providing evidence of the independence of these constructs. As expected, psychological well-being was more strongly linked to EC-self than EC-others, whereas relationship closeness was only linked to EC-others. Women reported greater EC-others compared to men. In terms of personality, more agreeable and conscientious individuals reported higher EC-self and EC-others, while more extraverted and less neurotic individuals only reported higher EC-self. Our findings highlight the value of distinguishing between EC of self and others, as they may differ and be tied to unique sets of outcomes. Future work is needed to examine mechanisms (e.g., cognitive empathy, perspective taking) that might explain why EC of others is tied to better interpersonal outcomes.</p>