Orion (OEC) Financials

$10.55 -0.35 (-3.23%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$10.53 -0.02 (-0.16%)

As of 05/23/2025 07:44 PM Eastern

Annual Income Statements for Orion

This table shows Orion's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	44	104	106
Consolidated Net Income / (Loss)	44	104	106
Net Income / (Loss) Continuing Operations	44	104	106
Total Pre-Tax Income	53	163	157
Total Operating Income	103	205	197
Total Gross Profit	429	451	449
Total Revenue	1,878	1,894	2,031
Operating Revenue	1,878	1,894	2,031
Total Cost of Revenue	1,449	1,443	1,582
Operating Cost of Revenue	1,449	1,443	1,582
Total Operating Expenses	326	246	252
Selling, General & Admin Expense	238	222	227
Research & Development Expense	27	25	22
Other Operating Expenses / (Income)	1.90	-0.70	2.90
Impairment Charge	59	0.00	0.00
Total Other Income / (Expense), net	-49	-42	-40
Interest & Investment Income	-49	-51	-40
Other Income / (Expense), net	0.00	8.90	0.00
Income Tax Expense	9.70	60	52
Other Gains / (Losses), net	0.60	0.50	0.50
Basic Earnings per Share	$0.76	$1.75	$1.74
Weighted Average Basic Shares Outstanding	58.22M	59.00M	60.90M
Diluted Earnings per Share	$0.76	$1.73	$1.73
Weighted Average Diluted Shares Outstanding	58.37M	59.98M	61.38M
Weighted Average Basic & Diluted Shares Outstanding	56.65M	57.90M	59.98M
Cash Dividends to Common per Share	$0.08	$0.08	$0.08

This table shows Orion's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	17	-20	21	27	4.90	26	30	42	12	32
Consolidated Net Income / (Loss)	17	-20	21	27	4.90	26	30	42	12	32
Net Income / (Loss) Continuing Operations	17	-20	21	27	4.90	26	30	42	12	32
Total Pre-Tax Income	15	-31	29	40	20	35	48	61	25	43
Total Operating Income	24	-15	42	53	27	46	59	74	36	54
Total Gross Profit	89	108	110	122	87	110	117	136	97	114
Total Revenue	434	463	477	503	468	466	459	501	462	543
Operating Revenue	434	463	477	503	468	466	459	501	462	543
Total Cost of Revenue	345	356	367	381	381	356	342	364	365	429
Operating Cost of Revenue	345	356	367	381	381	356	342	364	365	429
Total Operating Expenses	66	123	68	69	60	65	58	63	61	61
Selling, General & Admin Expense	58	58	60	62	54	56	55	58	54	56
Research & Development Expense	7.00	7.00	6.50	6.60	6.20	6.20	5.90	6.20	5.80	4.50
Other Operating Expenses / (Income)	2.00	-2.80	1.40	1.30	0.30	2.70	-2.70	-1.00	1.00	0.30
Total Other Income / (Expense), net	-8.60	-16	-12	-13	-7.10	-11	-11	-13	-11	-10
Income Tax Expense	-2.10	-11	9.10	14	15	8.90	18	18	13	12
Other Gains / (Losses), net	0.10	0.20	0.20	0.10	0.10	0.10	0.20	0.10	0.20	0.10
Basic Earnings per Share	$0.30	($0.35)	$0.35	$0.46	$0.09	$0.45	$0.51	$0.70	$0.20	$0.52
Weighted Average Basic Shares Outstanding	58.22M	58.19M	58.39M	58.64M	59.00M	58.57M	59.01M	60.29M	60.90M	60.94M
Diluted Earnings per Share	$0.31	($0.35)	$0.35	$0.45	$0.08	$0.44	$0.51	$0.70	$0.19	$0.52
Weighted Average Diluted Shares Outstanding	58.37M	58.74M	59.19M	59.23M	59.98M	59.25M	59.51M	60.62M	61.38M	61.22M
Weighted Average Basic & Diluted Shares Outstanding	56.65M	57.72M	58.36M	58.31M	57.90M	58.04M	58.48M	58.87M	59.98M	60.82M

This table details how cash moves in and out of Orion's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	7.90	-24	-2.50
Net Cash From Operating Activities	125	346	81
Net Cash From Continuing Operating Activities	125	346	81
Net Income / (Loss) Continuing Operations	44	104	106
Consolidated Net Income / (Loss)	44	104	106
Depreciation Expense	125	113	106
Amortization Expense	1.50	2.70	1.90
Non-Cash Adjustments To Reconcile Net Income	17	7.90	-4.70
Changes in Operating Assets and Liabilities, net	-63	119	-128
Net Cash From Investing Activities	-207	-173	-233
Net Cash From Continuing Investing Activities	-207	-173	-233
Purchase of Property, Plant & Equipment	-207	-173	-233
Net Cash From Financing Activities	89	-197	149
Net Cash From Continuing Financing Activities	89	-197	149
Repayment of Debt	-4.30	-5.70	-4.70
Repurchase of Common Equity	-27	-66	-4.30
Payment of Dividends	-4.80	-4.90	-5.00
Issuance of Debt	0.00	13	48
Other Financing Activities, net	125	-134	116
Cash Interest Paid	49	39	34
Cash Income Taxes Paid	47	56	24

This table details how cash moves in and out of Orion's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-6.50	17	-8.90	6.30	-22	-19	1.30	15	14	5.10
Net Cash From Operating Activities	95	-31	29	32	72	68	98	108	98	34
Net Cash From Continuing Operating Activities	95	-31	29	32	72	68	98	108	98	34
Net Income / (Loss) Continuing Operations	17	-20	21	27	4.90	26	30	42	12	32
Consolidated Net Income / (Loss)	17	-20	21	27	4.90	26	30	42	12	32
Depreciation Expense	35	31	30	29	32	28	27	26	26	25
Amortization Expense	0.40	0.30	0.40	0.40	0.70	0.70	0.70	0.60	0.50	0.60
Non-Cash Adjustments To Reconcile Net Income	13	-2.20	3.10	3.00	3.10	9.50	7.30	-12	6.80	-0.30
Changes in Operating Assets and Liabilities, net	29	-40	-25	-27	31	3.20	33	52	52	-23
Net Cash From Investing Activities	-71	-48	-55	-33	-62	-42	-39	-31	-66	-58
Net Cash From Continuing Investing Activities	-71	-48	-55	-33	-62	-42	-39	-31	-66	-58
Purchase of Property, Plant & Equipment	-71	-48	-55	-33	-62	-42	-39	-31	-66	-58
Net Cash From Financing Activities	-30	96	17	7.00	-32	-44	-58	-63	-18	29
Net Cash From Continuing Financing Activities	-30	96	17	7.00	-32	-44	-58	-63	-18	29
Repayment of Debt	-1.30	-0.70	-1.40	-0.90	-3.20	-0.80	-0.90	-0.80	-0.90	-1.50
Repurchase of Common Equity	-8.70	-11	-6.80	0.00	-6.70	-9.40	-20	-29	-4.10	0.20
Payment of Dividends	-1.20	-1.20	-1.20	-1.20	-1.20	-1.20	-1.20	-1.30	-1.20	-1.30
Other Financing Activities, net	-19	109	26	9.10	-21	-38	-42	-33	-24	14

This table presents Orion's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	1,857	1,833	1,889
Total Current Assets	613	646	779
Cash & Equivalents	44	38	61
Accounts Receivable	212	241	368
Inventories, net	290	287	278
Prepaid Expenses	54	74	67
Current Deferred & Refundable Income Taxes	13	6.10	5.20
Plant, Property, & Equipment, net	965	900	819
Total Noncurrent Assets	279	287	194
Long-Term Investments	8.00	5.10	5.00
Goodwill	72	76	73
Intangible Assets	19	26	28
Noncurrent Deferred & Refundable Income Taxes	22	30	29
Other Noncurrent Operating Assets	159	151	59
Total Liabilities & Shareholders' Equity	1,857	1,833	1,889
Total Liabilities	1,382	1,355	1,429
Total Current Liabilities	517	440	553
Short-Term Debt	259	137	258
Accounts Payable	156	184	184
Accrued Expenses	40	42	45
Current Deferred & Payable Income Tax Liabilities	4.80	34	31
Other Current Liabilities	57	44	34
Total Noncurrent Liabilities	866	915	877
Long-Term Debt	647	677	657
Noncurrent Deferred & Payable Income Tax Liabilities	37	66	70
Noncurrent Employee Benefit Liabilities	59	60	50
Other Noncurrent Operating Liabilities	124	111	100
Total Equity & Noncontrolling Interests	475	479	459
Total Preferred & Common Equity	475	479	459
Total Common Equity	475	479	459
Common Stock	170	171	162
Retained Earnings	457	418	319
Treasury Stock	-82	-70	-8.80
Accumulated Other Comprehensive Income / (Loss)	-70	-40	-13

This table presents Orion's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,996	1,909	1,875	1,834	1,843	1,889	1,843
Total Current Assets	718	678	678	681	700	757	791
Cash & Equivalents	53	34	44	59	77	77	43
Accounts Receivable	268	272	270	267	270	335	404
Inventories, net	307	285	278	277	269	271	267
Prepaid Expenses	76	78	78	69	69	61	70
Current Deferred & Refundable Income Taxes	15	9.20	8.50	8.90	15	13	6.90
Plant, Property, & Equipment, net	963	920	898	0.00	0.00	0.00	732
Total Noncurrent Assets	316	311	188	1,153	1,144	1,132	227
Long-Term Investments	7.40	5.00	5.10	4.80	5.30	5.20	4.40
Goodwill	77	74	74	73	75	75	67
Intangible Assets	22	23	23	25	26	27	27
Noncurrent Deferred & Refundable Income Taxes	56	44	43	38	36	41	58
Other Noncurrent Operating Assets	153	166	42	1,012	1,002	983	71
Total Liabilities & Shareholders' Equity	1,996	1,909	1,875	1,834	1,843	1,889	1,843
Total Liabilities	1,520	1,405	1,382	1,351	1,379	1,428	1,413
Total Current Liabilities	578	489	469	449	476	531	548
Short-Term Debt	294	174	145	149	189	230	261
Accounts Payable	175	186	184	171	170	184	178
Accrued Expenses	43	38	37	44	36	33	44
Current Deferred & Payable Income Tax Liabilities	12	30	41	37	35	37	23
Other Current Liabilities	55	61	62	48	47	47	43
Total Noncurrent Liabilities	942	916	914	902	903	897	865
Long-Term Debt	677	661	669	663	667	665	618
Noncurrent Deferred & Payable Income Tax Liabilities	79	75	75	80	74	80	87
Noncurrent Employee Benefit Liabilities	63	60	60	51	52	52	65
Other Noncurrent Operating Liabilities	124	120	110	107	111	101	95
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	476	504	492	483	464	461	431
Total Preferred & Common Equity	476	504	492	483	464	461	431
Total Common Equity	476	504	492	483	464	461	431
Common Stock	166	162	159	164	161	159	159
Retained Earnings	440	461	443	413	388	360	307
Treasury Stock	-74	-63	-64	-63	-54	-35	-4.70
Accumulated Other Comprehensive Income / (Loss)	-56	-56	-47	-31	-30	-23	-31

This table displays calculated financial ratios and metrics derived from Orion's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-0.87%	-6.75%	31.30%
EBITDA Growth	-30.43%	8.27%	-8.20%
EBIT Growth	-52.05%	8.68%	-11.89%
NOPAT Growth	-35.12%	-2.29%	-19.62%
Net Income Growth	-57.29%	-2.54%	-21.16%
EPS Growth	-56.07%	0.00%	-21.72%
Operating Cash Flow Growth	-63.78%	327.04%	-44.21%
Free Cash Flow Firm Growth	-93.70%	168.75%	-297.31%
Invested Capital Growth	6.26%	3.21%	27.91%
Revenue Q/Q Growth	-1.78%	0.32%	3.54%
EBITDA Q/Q Growth	-1.29%	0.00%	7.36%
EBIT Q/Q Growth	-5.35%	-2.99%	14.13%
NOPAT Q/Q Growth	47.46%	-7.58%	9.64%
Net Income Q/Q Growth	38.56%	-6.59%	11.67%
EPS Q/Q Growth	43.40%	-5.98%	12.34%
Operating Cash Flow Q/Q Growth	21.65%	-6.87%	1,025.00%
Free Cash Flow Firm Q/Q Growth	105.81%	15.69%	-41.39%
Invested Capital Q/Q Growth	-4.16%	1.57%	3.61%
Profitability Metrics	-	-	-
Gross Margin	22.84%	23.81%	22.10%
EBITDA Margin	12.22%	17.42%	15.00%
Operating Margin	5.47%	10.84%	9.71%
EBIT Margin	5.47%	11.31%	9.71%
Profit (Net Income) Margin	2.35%	5.46%	5.23%
Tax Burden Percent	82.93%	63.38%	67.56%
Interest Burden Percent	51.90%	76.24%	79.76%
Effective Tax Rate	18.20%	36.93%	32.76%
Return on Invested Capital (ROIC)	6.52%	10.52%	12.28%
ROIC Less NNEP Spread (ROIC-NNEP)	1.62%	7.11%	8.46%
Return on Net Nonoperating Assets (RNNOA)	2.76%	11.55%	14.98%
Return on Equity (ROE)	9.27%	22.07%	27.26%
Cash Return on Invested Capital (CROIC)	0.44%	7.36%	-12.21%
Operating Return on Assets (OROA)	5.57%	11.51%	11.20%
Return on Assets (ROA)	2.40%	5.56%	6.03%
Return on Common Equity (ROCE)	9.27%	22.07%	27.26%
Return on Equity Simple (ROE_SIMPLE)	9.31%	21.63%	23.12%
Net Operating Profit after Tax (NOPAT)	84	129	133
NOPAT Margin	4.47%	6.84%	6.53%
Net Nonoperating Expense Percent (NNEP)	4.90%	3.41%	3.82%
Return On Investment Capital (ROIC_SIMPLE)	6.08%	10.02%	9.64%
Cost of Revenue to Revenue	77.16%	76.19%	77.90%
SG&A Expenses to Revenue	12.67%	11.72%	11.18%
R&D to Revenue	1.44%	1.29%	1.07%
Operating Expenses to Revenue	17.37%	12.97%	12.39%
Earnings before Interest and Taxes (EBIT)	103	214	197
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	230	330	305
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.92	3.35	2.34
Price to Tangible Book Value (P/TBV)	2.37	4.25	3.00
Price to Revenue (P/Rev)	0.49	0.85	0.53
Price to Earnings (P/E)	20.62	15.49	10.12
Dividend Yield	0.52%	0.37%	0.47%
Earnings Yield	4.85%	6.46%	9.88%
Enterprise Value to Invested Capital (EV/IC)	1.33	1.90	1.59
Enterprise Value to Revenue (EV/Rev)	0.94	1.25	0.95
Enterprise Value to EBITDA (EV/EBITDA)	7.69	7.20	6.32
Enterprise Value to EBIT (EV/EBIT)	17.19	11.09	9.76
Enterprise Value to NOPAT (EV/NOPAT)	21.01	18.34	14.52
Enterprise Value to Operating Cash Flow (EV/OCF)	14.09	6.87	23.76
Enterprise Value to Free Cash Flow (EV/FCFF)	309.12	26.22	0.00
Leverage & Solvency	-	-	-
Debt to Equity	1.91	1.70	1.99
Long-Term Debt to Equity	1.36	1.42	1.43
Financial Leverage	1.70	1.62	1.77
Leverage Ratio	3.87	3.97	4.52
Compound Leverage Factor	2.01	3.03	3.60
Debt to Total Capital	65.60%	62.99%	66.58%
Short-Term Debt to Total Capital	18.74%	10.60%	18.79%
Long-Term Debt to Total Capital	46.86%	52.39%	47.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	34.40%	37.01%	33.42%
Debt to EBITDA	3.95	2.47	3.00
Net Debt to EBITDA	3.72	2.34	2.79
Long-Term Debt to EBITDA	2.82	2.05	2.16
Debt to NOPAT	10.78	6.29	6.91
Net Debt to NOPAT	10.16	5.96	6.41
Long-Term Debt to NOPAT	7.70	5.23	4.96
Altman Z-Score	2.00	2.58	2.25
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.19	1.47	1.41
Quick Ratio	0.50	0.63	0.78
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	5.71	91	-132
Operating Cash Flow to CapEx	60.62%	200.17%	34.79%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	1.02	1.02	1.15
Accounts Receivable Turnover	8.29	6.22	6.19
Inventory Turnover	5.02	5.11	6.23
Fixed Asset Turnover	2.01	2.20	2.66
Accounts Payable Turnover	8.52	7.85	8.34
Days Sales Outstanding (DSO)	44.02	58.67	59.01
Days Inventory Outstanding (DIO)	72.75	71.46	58.56
Days Payable Outstanding (DPO)	42.82	46.52	43.74
Cash Conversion Cycle (CCC)	73.96	83.61	73.84
Capital & Investment Metrics	-	-	-
Invested Capital	1,329	1,250	1,211
Invested Capital Turnover	1.46	1.54	1.88
Increase / (Decrease) in Invested Capital	78	39	264
Enterprise Value (EV)	1,765	2,375	1,925
Market Capitalization	911	1,603	1,075
Book Value per Share	$8.23	$8.24	$7.55
Tangible Book Value per Share	$6.67	$6.49	$5.89
Total Capital	1,381	1,293	1,375
Total Debt	906	814	915
Total Long-Term Debt	647	677	657
Net Debt	854	772	850
Capital Expenditures (CapEx)	207	173	233
Debt-free, Cash-free Net Working Capital (DFCFNWC)	311	305	423
Debt-free Net Working Capital (DFNWC)	355	343	484
Net Working Capital (NWC)	97	206	226
Net Nonoperating Expense (NNE)	40	26	26
Net Nonoperating Obligations (NNO)	854	772	752
Total Depreciation and Amortization (D&A)	127	116	108
Debt-free, Cash-free Net Working Capital to Revenue	16.58%	16.12%	20.84%
Debt-free Net Working Capital to Revenue	18.93%	18.10%	23.83%
Net Working Capital to Revenue	5.15%	10.87%	11.11%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.76	$1.75	$1.74
Adjusted Weighted Average Basic Shares Outstanding	58.22M	59.00M	60.90M
Adjusted Diluted Earnings per Share	$0.76	$1.73	$1.73
Adjusted Weighted Average Diluted Shares Outstanding	58.37M	59.98M	61.38M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	56.65M	57.90M	59.98M
Normalized Net Operating Profit after Tax (NOPAT)	133	129	133
Normalized NOPAT Margin	7.06%	6.84%	6.53%
Pre Tax Income Margin	2.84%	8.62%	7.74%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	10.86%	4.73%	4.71%
Augmented Payout Ratio	71.04%	68.12%	8.76%

This table displays calculated financial ratios and metrics derived from Orion's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.26%	-0.60%	3.97%	0.44%	1.32%	-14.16%	-15.23%	3.34%	17.67%	38.19%
EBITDA Growth	-4.82%	-79.35%	-18.86%	-19.51%	0.00%	-3.65%	10.41%	23.94%	50.48%	21.04%
EBIT Growth	-19.73%	-131.94%	-32.03%	-30.25%	-18.33%	-10.63%	15.69%	38.64%	210.34%	37.08%
NOPAT Growth	314.19%	-131.43%	-22.20%	-31.68%	-62.11%	-12.95%	-0.03%	33.89%	510.12%	28.29%
Net Income Growth	251.02%	-177.10%	-31.89%	-36.88%	-59.84%	-17.61%	1.35%	30.15%	1,009.09%	51.43%
EPS Growth	287.50%	-179.55%	-31.37%	-35.71%	-57.89%	-15.38%	4.08%	32.08%	0.00%	48.57%
Operating Cash Flow Growth	30.89%	-145.78%	-70.13%	-70.03%	-26.10%	97.37%	524.68%	488.85%	308.79%	-5.52%
Free Cash Flow Firm Growth	-58.61%	-498.86%	-203.00%	353.64%	86.89%	84.15%	112.14%	73.17%	-159.37%	-63.98%
Invested Capital Growth	6.26%	12.62%	4.97%	-10.08%	3.21%	5.29%	0.41%	9.99%	27.91%	22.42%
Revenue Q/Q Growth	-6.30%	-2.85%	-5.15%	7.41%	0.43%	1.61%	-8.37%	8.35%	-14.91%	0.35%
EBITDA Q/Q Growth	275.32%	-78.15%	-11.94%	31.78%	-18.56%	-14.14%	-12.65%	63.72%	-21.54%	-1.61%
EBIT Q/Q Growth	254.25%	-136.78%	-21.21%	79.59%	-38.62%	-21.73%	-19.15%	110.28%	-32.84%	1.32%
NOPAT Q/Q Growth	351.20%	-137.29%	-17.99%	439.21%	-80.94%	-7.70%	-27.98%	199.06%	-56.21%	6.01%
Net Income Q/Q Growth	185.15%	-198.54%	-23.22%	444.90%	-81.30%	-12.96%	-28.84%	246.72%	-61.64%	7.07%
EPS Q/Q Growth	188.57%	-200.00%	-22.22%	462.50%	-81.82%	-13.73%	-27.14%	268.42%	-63.46%	6.12%
Operating Cash Flow Q/Q Growth	405.83%	-205.46%	-9.57%	-55.12%	6.96%	-31.19%	-9.25%	10.64%	185.67%	248.05%
Free Cash Flow Firm Q/Q Growth	69.04%	-406.50%	-120.06%	108.99%	-16.90%	-187.12%	149.39%	73.93%	-41.30%	33.29%
Invested Capital Q/Q Growth	-4.16%	6.71%	13.41%	0.51%	1.57%	-0.53%	-2.85%	5.16%	3.61%	-5.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.57%	23.20%	23.02%	24.30%	18.65%	23.64%	25.52%	27.24%	20.93%	21.06%
EBITDA Margin	13.66%	3.41%	15.16%	16.33%	13.31%	16.41%	19.42%	20.37%	13.48%	14.62%
Operating Margin	5.44%	-3.30%	8.72%	10.50%	5.81%	9.80%	12.84%	14.68%	7.79%	9.87%
EBIT Margin	5.44%	-3.30%	8.72%	10.50%	6.28%	10.27%	13.34%	15.12%	7.79%	9.87%
Profit (Net Income) Margin	3.96%	-4.36%	4.30%	5.31%	1.05%	5.62%	6.56%	8.45%	2.64%	5.86%
Tax Burden Percent	114.67%	64.74%	69.73%	66.58%	24.38%	74.86%	63.10%	69.92%	48.41%	73.27%
Interest Burden Percent	63.56%	203.92%	70.67%	75.95%	68.37%	73.07%	77.94%	79.92%	70.00%	80.97%
Effective Tax Rate	-14.00%	0.00%	30.95%	33.67%	76.12%	25.43%	37.32%	30.25%	52.38%	26.96%
Return on Invested Capital (ROIC)	9.02%	-3.38%	9.09%	10.92%	2.13%	11.50%	12.80%	17.24%	6.98%	13.31%
ROIC Less NNEP Spread (ROIC-NNEP)	7.83%	-4.52%	8.04%	9.78%	1.93%	10.44%	11.96%	16.11%	6.26%	12.25%
Return on Net Nonoperating Assets (RNNOA)	13.35%	-7.81%	13.03%	15.04%	3.13%	16.99%	22.40%	30.62%	11.09%	22.75%
Return on Equity (ROE)	22.37%	-11.19%	22.12%	25.96%	5.26%	28.48%	35.21%	47.86%	18.07%	36.06%
Cash Return on Invested Capital (CROIC)	0.44%	-7.51%	3.39%	19.95%	7.36%	6.53%	11.36%	2.45%	-12.21%	-8.78%
Operating Return on Assets (OROA)	5.53%	-3.30%	8.90%	10.58%	6.39%	10.55%	14.20%	16.92%	8.99%	11.45%
Return on Assets (ROA)	4.03%	-4.35%	4.39%	5.35%	1.07%	5.77%	6.98%	9.46%	3.05%	6.79%
Return on Common Equity (ROCE)	22.37%	-11.19%	22.12%	25.96%	5.26%	28.48%	35.21%	47.86%	18.07%	36.06%
Return on Equity Simple (ROE_SIMPLE)	0.00%	6.70%	15.54%	17.86%	0.00%	22.94%	25.08%	25.16%	0.00%	22.08%
Net Operating Profit after Tax (NOPAT)	27	-11	29	35	6.50	34	37	51	17	39
NOPAT Margin	6.20%	-2.31%	6.02%	6.96%	1.39%	7.31%	8.05%	10.24%	3.71%	7.21%
Net Nonoperating Expense Percent (NNEP)	1.19%	1.14%	1.05%	1.14%	0.21%	1.06%	0.85%	1.13%	0.72%	1.06%
Return On Investment Capital (ROIC_SIMPLE)	1.95%	-	-	-	0.50%	-	-	-	1.25%	-
Cost of Revenue to Revenue	79.43%	76.80%	76.98%	75.70%	81.35%	76.36%	74.48%	72.76%	79.07%	78.94%
SG&A Expenses to Revenue	13.38%	12.49%	12.64%	12.23%	11.45%	11.93%	11.99%	11.52%	11.66%	10.31%
R&D to Revenue	1.61%	1.51%	1.36%	1.31%	1.32%	1.33%	1.29%	1.24%	1.26%	0.83%
Operating Expenses to Revenue	15.13%	26.50%	14.30%	13.80%	12.84%	13.84%	12.69%	12.56%	13.14%	11.20%
Earnings before Interest and Taxes (EBIT)	24	-15	42	53	29	48	61	76	36	54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	59	16	72	82	62	77	89	102	62	79
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.92	2.18	2.54	2.77	3.35	2.57	2.68	3.38	2.34	1.88
Price to Tangible Book Value (P/TBV)	2.37	2.75	3.13	3.46	4.25	3.22	3.42	4.35	3.00	2.40
Price to Revenue (P/Rev)	0.49	0.54	0.67	0.72	0.85	0.66	0.63	0.76	0.53	0.41
Price to Earnings (P/E)	20.62	32.58	16.32	15.53	15.49	11.19	10.68	13.44	10.12	8.50
Dividend Yield	0.52%	0.58%	0.38%	0.35%	0.37%	0.39%	0.49%	0.40%	0.47%	0.62%
Earnings Yield	4.85%	3.07%	6.13%	6.44%	6.46%	8.94%	9.36%	7.44%	9.88%	11.77%
Enterprise Value to Invested Capital (EV/IC)	1.33	1.41	1.60	1.86	1.90	1.62	1.63	1.86	1.59	1.40
Enterprise Value to Revenue (EV/Rev)	0.94	1.02	1.08	1.12	1.25	1.05	1.03	1.16	0.95	0.84
Enterprise Value to EBITDA (EV/EBITDA)	7.69	8.38	7.07	6.87	7.20	6.03	6.06	7.31	6.32	5.78
Enterprise Value to EBIT (EV/EBIT)	17.19	17.97	12.07	11.13	11.09	9.00	8.90	10.87	9.76	9.49
Enterprise Value to NOPAT (EV/NOPAT)	21.01	34.21	19.85	18.86	18.34	14.19	13.87	16.31	14.52	13.57
Enterprise Value to Operating Cash Flow (EV/OCF)	14.09	18.92	10.29	7.88	6.87	5.35	5.97	10.94	23.76	227.74
Enterprise Value to Free Cash Flow (EV/FCFF)	309.12	0.00	48.26	8.83	26.22	25.39	14.37	79.69	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.91	2.04	1.66	1.65	1.70	1.68	1.84	1.94	1.99	2.04
Long-Term Debt to Equity	1.36	1.42	1.31	1.36	1.42	1.37	1.44	1.44	1.43	1.44
Financial Leverage	1.70	1.73	1.62	1.54	1.62	1.63	1.87	1.90	1.77	1.86
Leverage Ratio	3.87	3.99	3.88	3.95	3.97	4.02	4.29	4.36	4.52	4.55
Compound Leverage Factor	2.46	8.14	2.74	3.00	2.71	2.94	3.35	3.49	3.16	3.68
Debt to Total Capital	65.60%	67.08%	62.34%	62.30%	62.99%	62.70%	64.84%	66.00%	66.58%	67.12%
Short-Term Debt to Total Capital	18.74%	20.31%	12.97%	11.09%	10.60%	11.52%	14.32%	16.98%	18.79%	19.93%
Long-Term Debt to Total Capital	46.86%	46.77%	49.37%	51.21%	52.39%	51.19%	50.52%	49.02%	47.79%	47.19%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	34.40%	32.92%	37.66%	37.70%	37.01%	37.30%	35.16%	34.00%	33.42%	32.88%
Debt to EBITDA	3.95	4.17	2.85	2.62	2.47	2.46	2.57	2.76	3.00	3.10
Net Debt to EBITDA	3.72	3.91	2.71	2.47	2.34	2.27	2.32	2.51	2.79	2.93
Long-Term Debt to EBITDA	2.82	2.91	2.25	2.16	2.05	2.01	2.00	2.05	2.16	2.18
Debt to NOPAT	10.78	17.03	7.99	7.21	6.29	5.79	5.89	6.15	6.91	7.27
Net Debt to NOPAT	10.16	15.97	7.61	6.77	5.96	5.34	5.32	5.59	6.41	6.88
Long-Term Debt to NOPAT	7.70	11.88	6.32	5.92	5.23	4.73	4.59	4.57	4.96	5.11
Altman Z-Score	1.86	1.74	2.08	2.16	2.25	2.13	2.16	2.28	1.97	1.89
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.19	1.24	1.39	1.45	1.47	1.52	1.47	1.43	1.41	1.44
Quick Ratio	0.50	0.56	0.63	0.67	0.63	0.73	0.73	0.78	0.78	0.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-51	-166	-33	163	-32	-28	32	-64	-247	-175
Operating Cash Flow to CapEx	133.10%	-64.51%	53.56%	97.89%	116.83%	161.10%	254.15%	354.43%	148.71%	58.56%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	12.87	0.00	0.00	0.00	-4.24	0.00	-17.15
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	2.55	0.00	0.00	0.00	7.11	0.00	3.35
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	-0.06	0.00	0.00	0.00	5.11	0.00	-2.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.02	1.00	1.02	1.01	1.02	1.03	1.06	1.12	1.15	1.16
Accounts Receivable Turnover	8.29	7.14	7.07	6.27	6.22	5.63	5.79	5.78	6.19	5.57
Inventory Turnover	5.02	5.09	5.37	5.32	5.11	5.25	5.42	5.99	6.23	6.68
Fixed Asset Turnover	2.01	0.00	0.00	0.00	2.20	0.00	0.00	0.00	2.66	0.00
Accounts Payable Turnover	8.52	8.59	8.33	7.93	7.85	8.18	7.72	8.05	8.34	9.35
Days Sales Outstanding (DSO)	44.02	51.10	51.65	58.22	58.67	64.87	63.07	63.19	59.01	65.54
Days Inventory Outstanding (DIO)	72.75	71.74	67.98	68.60	71.46	69.50	67.39	60.98	58.56	54.67
Days Payable Outstanding (DPO)	42.82	42.48	43.82	46.05	46.52	44.62	47.28	45.33	43.74	39.05
Cash Conversion Cycle (CCC)	73.96	80.35	75.82	80.77	83.61	89.75	83.18	78.84	73.84	81.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,329	1,386	1,299	1,145	1,250	1,231	1,238	1,274	1,211	1,169
Invested Capital Turnover	1.46	1.46	1.51	1.57	1.54	1.57	1.59	1.68	1.88	1.85
Increase / (Decrease) in Invested Capital	78	155	62	-128	39	62	5.10	116	264	214
Enterprise Value (EV)	1,765	1,949	2,073	2,130	2,375	1,988	2,017	2,372	1,925	1,640
Market Capitalization	911	1,039	1,278	1,365	1,603	1,240	1,244	1,559	1,075	808
Book Value per Share	$8.23	$8.16	$8.64	$8.39	$8.24	$8.26	$7.89	$7.69	$7.55	$7.08
Tangible Book Value per Share	$6.67	$6.47	$6.99	$6.73	$6.49	$6.58	$6.18	$5.98	$5.89	$5.54
Total Capital	1,381	1,447	1,338	1,306	1,293	1,295	1,320	1,356	1,375	1,310
Total Debt	906	971	834	814	814	812	856	895	915	879
Total Long-Term Debt	647	677	661	669	677	663	667	665	657	618
Net Debt	854	910	795	765	772	748	773	813	850	832
Capital Expenditures (CapEx)	71	48	55	33	62	42	39	31	66	58
Debt-free, Cash-free Net Working Capital (DFCFNWC)	311	381	328	310	305	321	335	380	423	461
Debt-free Net Working Capital (DFNWC)	355	434	362	354	343	381	412	457	484	504
Net Working Capital (NWC)	97	140	189	209	206	231	223	227	226	243
Net Nonoperating Expense (NNE)	9.70	9.49	8.22	8.32	1.60	7.88	6.82	8.97	4.94	7.35
Net Nonoperating Obligations (NNO)	854	910	795	653	772	748	773	813	752	738
Total Depreciation and Amortization (D&A)	36	31	31	29	33	29	28	26	26	26
Debt-free, Cash-free Net Working Capital to Revenue	16.58%	19.92%	17.13%	16.33%	16.12%	17.03%	17.06%	18.56%	20.84%	23.49%
Debt-free Net Working Capital to Revenue	18.93%	22.70%	18.92%	18.64%	18.10%	20.16%	20.99%	22.31%	23.83%	25.68%
Net Working Capital to Revenue	5.15%	7.33%	9.85%	11.01%	10.87%	12.26%	11.37%	11.06%	11.11%	12.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.30	($0.35)	$0.35	$0.46	$0.09	$0.45	$0.51	$0.70	$0.20	$0.52
Adjusted Weighted Average Basic Shares Outstanding	58.22M	58.19M	58.39M	58.64M	59.00M	58.57M	59.01M	60.29M	60.90M	60.94M
Adjusted Diluted Earnings per Share	$0.31	($0.35)	$0.35	$0.45	$0.08	$0.44	$0.51	$0.70	$0.19	$0.52
Adjusted Weighted Average Diluted Shares Outstanding	58.37M	58.74M	59.19M	59.23M	59.98M	59.25M	59.51M	60.62M	61.38M	61.22M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	56.65M	57.72M	58.36M	58.31M	57.90M	58.04M	58.48M	58.87M	59.98M	60.82M
Normalized Net Operating Profit after Tax (NOPAT)	17	32	29	35	19	34	37	51	25	39
Normalized NOPAT Margin	3.80%	6.86%	6.02%	6.96%	4.07%	7.31%	8.05%	10.24%	5.45%	7.21%
Pre Tax Income Margin	3.45%	-6.73%	6.16%	7.97%	4.29%	7.51%	10.40%	12.08%	5.45%	7.99%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	4.16	0.00	0.00	0.00	4.98	0.00	5.25
NOPAT to Interest Expense	0.00	0.00	0.00	2.76	0.00	0.00	0.00	3.37	0.00	3.84
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	1.55	0.00	0.00	0.00	2.97	0.00	-0.47
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.15	0.00	0.00	0.00	1.37	0.00	-1.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	10.86%	15.05%	6.13%	5.46%	4.73%	4.42%	4.30%	4.40%	4.71%	4.00%
Augmented Payout Ratio	71.04%	92.16%	35.38%	46.76%	68.12%	61.28%	50.17%	33.36%	8.76%	4.00%

Frequently Asked Questions About Orion's Financials

When does Orion's fiscal year end?

According to the most recent income statement we have on file, Orion's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Orion's net income changed over the last 2 years?

Orion's net income appears to be on a downward trend, with a most recent value of $44.20 million in 2024, falling from $106.20 million in 2022. The previous period was $103.50 million in 2023. View Orion's forecast to see where analysts expect Orion to go next.

What is Orion's operating income?

Orion's total operating income in 2024 was $102.70 million, based on the following breakdown:

Total Gross Profit: $428.80 million
Total Operating Expenses: $326.10 million

How has Orion revenue changed over the last 2 years?

Over the last 2 years, Orion's total revenue changed from $2.03 billion in 2022 to $1.88 billion in 2024, a change of -7.6%.

How much debt does Orion have?

Orion's total liabilities were at $1.38 billion at the end of 2024, a 2.0% increase from 2023, and a 3.3% decrease since 2022.

How much cash does Orion have?

In the past 2 years, Orion's cash and equivalents has ranged from $37.50 million in 2023 to $60.80 million in 2022, and is currently $44.20 million as of their latest financial filing in 2024.

How has Orion's book value per share changed over the last 2 years?

Over the last 2 years, Orion's book value per share changed from 7.55 in 2022 to 8.23 in 2024, a change of 8.9%.

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This page (NYSE:OEC) was last updated on 5/25/2025 by MarketBeat.com Staff

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Orion (OEC) Financials

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Orion (OEC) Financials

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