OLNNYSEChemicals & Allied ProductsFiscal year ends December 31
OLIN Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$15.19−0.46 (-2.94%)
Close on Oct 19, 2026
- Market cap
- $1.73B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
7.4%+0.7 pts over 5 years
Operating margin
0.1%+13.0 pts over 5 years
Net margin
-1.5%+15.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.7% | -10.2% | +3.3% | +9.0% | |
| Gross profit | -32.0% | -38.7% | +5.5% | +3.2% | |
| Operating income | -98.2% | -85.6% | – | -25.5% | |
| Free cash flow | -19.5% | -47.2% | +13.1% | +11.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -0.2% | -50.1% | -5.2% | |
| Return on assets | -0.0% | -11.1% | -1.4% | |
| Current ratio | 1.68 | 1.43 | 1.21 | |
| Debt to equity | 1.59 | 2.66 | 1.54 | |
| Net debt to EBITDA | 5.35× | -20.61× | 5.05× | |
| Interest coverage | 0.6× | -2.6× | 0.0× | |
| Inventory turnover | 7.5× | 7.8× | 7.8× | |
| Capex to revenue | 5.0% | 5.2% | 3.3% | |
| Diluted shares | 165M | 158M | 115M |
Where the cash went
Fiscal 2021 to 2025, five years combined
OLIN generated $5.61B from operations and spent $4.29B on capital expenditure, dividends and share buybacks. 26% of that went back into the business.
Generated
$5.61B
Used
$4.29B
Capital expenditure$1.09B26%Dividends$530.80M12%Share buybacks$2.66B62%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1.5%
×Asset turnover0.91×
×Equity multiplier3.86×
=Return on equity, FY2025-5.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -1.5% | 0.91× | 3.86× | -5.2% |
| FY2024 | 1.6% | 0.86× | 3.59× | 4.9% |
| FY2023 | 6.6% | 0.87× | 3.30× | 18.9% |
| FY2022 | 14.2% | 1.13× | 3.19× | 51.1% |
| FY2021 | 14.6% | 1.06× | 4.09× | 63.2% |
| FY2020 | -16.8% | 0.66× | 4.51× | -50.1% |
| FY2019 | -0.2% | 0.67× | 3.46× | -0.4% |
| FY2018 | 4.7% | 0.76× | 3.26× | 11.7% |
| FY2017 | 8.8% | 0.70× | 3.58× | 21.9% |
| FY2016 | -0.1% | 0.61× | 3.85× | -0.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$101.10M
- Cash generatingOperating cash flow above zero$474.20M
- Return on assets improvedROA up on the prior year1.4% → -1.3%
- Earnings backed by cashOperating cash flow above net income$474.20M vs -$101.10M
- Less leverageLong-term debt to assets fell35.8% → 37.1%
- Better liquidityCurrent ratio rose1.27 → 1.21
- No dilutionShare count did not rise120M → 115M
- Gross margin improvedGross margin up on the prior year11.28% → 7.40%
- More efficientAsset turnover rose0.85 → 0.89