Olin Financials
This page shows Olin (OLN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Flat sales are no longer covering fixed costs and interest, leaving Olin cash-generative but barely profitable.
Over the last few fiscal years, revenue was broadly flat while gross margin fell from17.1% to7.4% , so the earnings reset came from weaker unit economics and poorer fixed-cost absorption rather than a vanishing top line. The FY2025 net loss of-$101.1M still coexisted with free cash flow of$247.9M , meaning cash remained positive even as the income statement turned negative.
Leverage is feeling heavier without much new borrowing: long-term debt stayed near
This is still an asset-heavy business with cash flow supported by noncash charges: capital spending was
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Olin's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Olin has an operating margin of 0.1%, meaning the company retains $0 of operating profit per $100 of revenue. This results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. This is down from 4.5% the prior year.
Olin's revenue grew a modest 3.7% year-over-year to $6.8B. This slow but positive growth earns a score of 33/100.
Olin carries a low D/E ratio of 1.48, meaning only $1.48 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 72/100, indicating a strong balance sheet with room for future borrowing.
Olin's current ratio of 1.21 is below the typical benchmark, resulting in a score of 19/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Olin has a free cash flow margin of 3.7%, earning a moderate score of 39/100. The company generates positive cash flow after capital investments, but with room for improvement.
Olin generates a -5.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 17/100. This is down from 5.2% the prior year.
Olin scores 1.73, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Olin passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Olin generates $-4.69 in operating cash flow ($474.2M OCF vs -$101.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Olin earns $0.0 in operating income for every $1 of interest expense ($5.3M vs $188.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Olin generated $6.8B in revenue in fiscal year 2025. This represents an increase of 3.7% from the prior year.
Olin's EBITDA was $526.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 35.3% from the prior year.
Olin reported -$101.1M in net income in fiscal year 2025. This represents a decrease of 196.3% from the prior year.
Olin earned $-0.88 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 196.7% from the prior year.
Cash & Balance Sheet
Olin generated $247.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 19.5% from the prior year.
Olin held $167.6M in cash against $2.7B in long-term debt as of fiscal year 2025.
Olin had 114M shares outstanding in fiscal year 2025. This represents a decrease of 1.5% from the prior year.
Margins & Returns
Olin's gross margin was 7.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.9 percentage points from the prior year.
Olin's operating margin was 0.1% in fiscal year 2025, reflecting core business profitability. This is down 4.5 percentage points from the prior year.
Olin's net profit margin was -1.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.1 percentage points from the prior year.
Olin's ROE was -5.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 10.7 percentage points from the prior year.
Capital Allocation
Olin spent $50.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 83.2% from the prior year.
Olin invested $226.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 16.0% from the prior year.
OLN Income Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B-4.9% | $1.7B-2.8% | $1.7B-2.6% | $1.8B+6.9% | $1.6B-1.6% | $1.7B+5.1% | $1.6B-3.3% | $1.6B |
| Cost of Revenue | $1.5B-7.7% | $1.6B+6.8% | $1.5B-5.6% | $1.6B+8.3% | $1.5B-1.2% | $1.5B+4.0% | $1.5B+3.5% | $1.4B |
| Gross Profit | $29.8M-4.8% | $31.3M-82.9% | $183.4M+32.8% | $138.1M-7.1% | $148.7M-5.8% | $157.9M+17.4% | $134.5M-43.4% | $237.8M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $145.0M-14.2% | $169.0M+72.3% | $98.1M+3.0% | $95.2M-5.7% | $101.0M+0.7% | $100.3M-10.2% | $111.7M+18.1% | $94.6M |
| Operating Income | -$78.3M+50.0% | -$156.5M-289.0% | $82.8M+134.6% | $35.3M-19.2% | $43.7M-7.6% | $47.3M+205.2% | $15.5M-88.6% | $136.4M |
| Interest Expense | $43.2M-6.5% | $46.2M-1.3% | $46.8M0.0% | $46.8M-3.5% | $48.5M+8.0% | $44.9M-7.2% | $48.4M+3.9% | $46.6M |
| Income Tax | -$35.3M+35.5% | -$54.7M-2386.4% | -$2.2M+45.0% | -$4.0M-544.4% | $900K+1000.0% | -$100K | $0-100.0% | $24.3M |
| Net Income | -$83.0M+42.0% | -$143.2M-427.7% | $43.7M+1660.7% | -$2.8M-333.3% | $1.2M-88.1% | $10.1M+140.1% | -$25.2M-134.9% | $72.3M |
| EPS (Diluted) | $-0.73 | N/A | $0.37+3800.0% | $-0.01-200.0% | $0.01 | N/A | $-0.21-133.9% | $0.62 |
OLN Balance Sheet
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.4B+0.4% | $7.3B-3.6% | $7.6B-0.9% | $7.7B+0.2% | $7.7B+1.0% | $7.6B+0.8% | $7.5B-1.9% | $7.7B |
| Current Assets | $2.1B+6.4% | $2.0B-13.0% | $2.3B-1.0% | $2.3B+1.6% | $2.3B+8.2% | $2.1B+3.9% | $2.0B-2.7% | $2.1B |
| Cash & Equivalents | $192.2M+14.7% | $167.6M+19.5% | $140.3M-37.3% | $223.8M+28.6% | $174.0M-0.9% | $175.6M-22.3% | $225.9M+24.1% | $182.1M |
| Inventory | $827.2M+5.4% | $784.5M-18.9% | $966.9M+5.2% | $919.1M+5.0% | $875.2M+6.3% | $823.5M-0.5% | $827.7M-5.2% | $872.9M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.4B0.0% | $1.4B+0.1% | $1.4B0.0% | $1.4B+0.1% | $1.4B0.0% | $1.4B0.0% | $1.4B0.0% | $1.4B |
| Total Liabilities | $5.6B+3.0% | $5.5B-2.7% | $5.6B-1.3% | $5.7B+1.1% | $5.6B+1.7% | $5.5B+1.7% | $5.4B-1.1% | $5.5B |
| Current Liabilities | $1.5B-5.3% | $1.6B+12.2% | $1.5B-6.1% | $1.5B+7.4% | $1.4B-11.8% | $1.6B+14.1% | $1.4B-0.7% | $1.4B |
| Long-Term Debt | $3.0B+10.2% | $2.7B-8.6% | $3.0B-0.1% | $3.0B-1.3% | $3.0B+11.2% | $2.7B-1.9% | $2.8B-0.8% | $2.8B |
| Total Equity | $1.7B-5.7% | $1.8B-6.3% | $2.0B+0.3% | $2.0B-2.4% | $2.0B-0.8% | $2.0B-1.6% | $2.1B-3.7% | $2.1B |
| Retained Earnings | $2.0B-4.9% | $2.1B-7.4% | $2.3B+0.7% | $2.3B-1.2% | $2.3B-1.5% | $2.4B-2.0% | $2.4B-3.5% | $2.5B |
OLN Cash Flow Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$48.6M-115.1% | $321.2M+1103.0% | $26.7M-87.4% | $212.3M+346.9% | -$86.0M-160.7% | $141.7M-25.4% | $189.9M+109.6% | $90.6M |
| Capital Expenditures | $43.7M-30.4% | $62.8M-11.7% | $71.1M+129.4% | $31.0M-49.5% | $61.4M+20.4% | $51.0M+17.8% | $43.3M-23.4% | $56.5M |
| Free Cash Flow | -$92.3M-135.7% | $258.4M+682.0% | -$44.4M-124.5% | $181.3M+223.0% | -$147.4M-262.5% | $90.7M-38.1% | $146.6M+329.9% | $34.1M |
| Investing Cash Flow | -$43.0M+54.3% | -$94.0M-28.2% | -$73.3M+18.5% | -$89.9M-44.1% | -$62.4M+18.6% | -$76.7M-35.5% | -$56.6M+25.2% | -$75.7M |
| Financing Cash Flow | $116.2M+158.2% | -$199.7M-444.1% | -$36.7M+49.9% | -$73.2M-149.9% | $146.6M+228.9% | -$113.7M-26.3% | -$90.0M-648.8% | $16.4M |
| Dividends Paid | $22.8M0.0% | $22.8M0.0% | $22.8M-0.9% | $23.0M0.0% | $23.0M-1.3% | $23.3M0.0% | $23.3M-1.7% | $23.7M |
| Share Buybacks | $20.2M+100.0% | $10.1M0.0% | $10.1M0.0% | $10.1M-50.0% | $20.2M-53.6% | $43.5M-4.2% | $45.4M-57.2% | $106.0M |
OLN Financial Ratios
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 1.9%0.0pp | 1.9%-8.8pp | 10.7%+2.9pp | 7.8%-1.2pp | 9.0%-0.4pp | 9.4%+1.0pp | 8.5%-6.0pp | 14.5% |
| Operating Margin | -5.0%+4.5pp | -9.4%-14.2pp | 4.8%+2.8pp | 2.0%-0.6pp | 2.7%-0.2pp | 2.8%+1.8pp | 1.0%-7.3pp | 8.3% |
| Net Margin | -5.2%+3.4pp | -8.6%-11.1pp | 2.5%+2.7pp | -0.2%-0.2pp | 0.1%-0.5pp | 0.6%+2.2pp | -1.6%-6.0pp | 4.4% |
| Return on Equity | -4.8%+3.0pp | -7.8%-10.0pp | 2.2%+2.4pp | -0.1%-0.2pp | 0.1%-0.4pp | 0.5%+1.7pp | -1.2%-4.6pp | 3.4% |
| Return on Assets | -1.1%+0.8pp | -1.9%-2.5pp | 0.6%+0.6pp | -0.0%-0.1pp | 0.0%-0.1pp | 0.1%+0.5pp | -0.3%-1.3pp | 0.9% |
| Current Ratio | 1.36+0.1 | 1.21-0.3 | 1.56+0.1 | 1.48-0.1 | 1.56+0.3 | 1.27-0.1 | 1.40-0.0 | 1.43 |
| Debt-to-Equity | 1.73+0.2 | 1.48-0.0 | 1.520.0 | 1.52+0.0 | 1.50+0.2 | 1.340.0 | 1.34+0.0 | 1.31 |
| FCF Margin | -5.8%-21.3pp | 15.5%+18.1pp | -2.6%-12.9pp | 10.3%+19.3pp | -9.0%-14.4pp | 5.4%-3.8pp | 9.2%+7.2pp | 2.1% |
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Frequently Asked Questions
What is Olin's annual revenue?
Olin (OLN) reported $6.8B in total revenue for fiscal year 2025. This represents a 3.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Olin's revenue growing?
Olin (OLN) revenue grew by 3.7% year-over-year, from $6.5B to $6.8B in fiscal year 2025.
Is Olin profitable?
No, Olin (OLN) reported a net income of -$101.1M in fiscal year 2025, with a net profit margin of -1.5%.
What is Olin's EBITDA?
Olin (OLN) had EBITDA of $526.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Olin have?
As of fiscal year 2025, Olin (OLN) had $167.6M in cash and equivalents against $2.7B in long-term debt.
What is Olin's gross margin?
Olin (OLN) had a gross margin of 7.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Olin's operating margin?
Olin (OLN) had an operating margin of 0.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Olin's net profit margin?
Olin (OLN) had a net profit margin of -1.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Olin's return on equity (ROE)?
Olin (OLN) has a return on equity of -5.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Olin's free cash flow?
Olin (OLN) generated $247.9M in free cash flow during fiscal year 2025. This represents a -19.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Olin's operating cash flow?
Olin (OLN) generated $474.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Olin's total assets?
Olin (OLN) had $7.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Olin's capital expenditures?
Olin (OLN) invested $226.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Olin's current ratio?
Olin (OLN) had a current ratio of 1.21 as of fiscal year 2025, which is considered adequate.
What is Olin's debt-to-equity ratio?
Olin (OLN) had a debt-to-equity ratio of 1.48 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Olin's return on assets (ROA)?
Olin (OLN) had a return on assets of -1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Olin's Altman Z-Score?
Olin (OLN) has an Altman Z-Score of 1.73, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Olin's Piotroski F-Score?
Olin (OLN) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Olin's earnings high quality?
Olin (OLN) has an earnings quality ratio of -4.69x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Olin cover its interest payments?
Olin (OLN) has an interest coverage ratio of 0.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Olin?
Olin (OLN) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.