Orion (OEC) Financials

$7.21 -0.04 (-0.54%)

As of 03:48 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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	106	104	44
Consolidated Net Income / (Loss)	106	104	44
Net Income / (Loss) Continuing Operations	106	104	44
Total Pre-Tax Income	157	163	53
Total Operating Income	197	205	103
Total Gross Profit	449	451	429
Total Revenue	2,031	1,894	1,878
Operating Revenue	2,031	1,894	1,878
Total Cost of Revenue	1,582	1,443	1,449
Operating Cost of Revenue	1,582	1,443	1,449
Total Operating Expenses	252	246	326
Selling, General & Admin Expense	227	222	238
Research & Development Expense	22	25	27
Other Operating Expenses / (Income)	2.90	-0.70	1.90
Impairment Charge	0.00	0.00	59
Total Other Income / (Expense), net	-40	-42	-49
Interest & Investment Income	-40	-51	-49
Other Income / (Expense), net	0.00	8.90	0.00
Income Tax Expense	52	60	9.70
Other Gains / (Losses), net	0.50	0.50	0.60
Basic Earnings per Share	$1.74	$1.75	$0.76
Weighted Average Basic Shares Outstanding	60.90M	59.00M	58.22M
Diluted Earnings per Share	$1.73	$1.73	$0.76
Weighted Average Diluted Shares Outstanding	61.38M	59.98M	58.37M
Weighted Average Basic & Diluted Shares Outstanding	59.98M	57.90M	56.65M
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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	32	12	42	30	26	4.90	27	21	-20	17
Consolidated Net Income / (Loss)	32	12	42	30	26	4.90	27	21	-20	17
Net Income / (Loss) Continuing Operations	32	12	42	30	26	4.90	27	21	-20	17
Total Pre-Tax Income	43	25	61	48	35	20	40	29	-31	15
Total Operating Income	54	36	74	59	46	27	53	42	-15	24
Total Gross Profit	114	97	136	117	110	87	122	110	108	89
Total Revenue	543	462	501	459	466	468	503	477	463	434
Operating Revenue	543	462	501	459	466	468	503	477	463	434
Total Cost of Revenue	429	365	364	342	356	381	381	367	356	345
Operating Cost of Revenue	429	365	364	342	356	381	381	367	356	345
Total Operating Expenses	61	61	63	58	65	60	69	68	123	66
Selling, General & Admin Expense	56	54	58	55	56	54	62	60	58	58
Research & Development Expense	4.50	5.80	6.20	5.90	6.20	6.20	6.60	6.50	7.00	7.00
Other Operating Expenses / (Income)	0.30	1.00	-1.00	-2.70	2.70	0.30	1.30	1.40	-2.80	2.00
Total Other Income / (Expense), net	-10	-11	-13	-11	-11	-7.10	-13	-12	-16	-8.60
Income Tax Expense	12	13	18	18	8.90	15	14	9.10	-11	-2.10
Other Gains / (Losses), net	0.10	0.20	0.10	0.20	0.10	0.10	0.10	0.20	0.20	0.10
Basic Earnings per Share	$0.52	$0.20	$0.70	$0.51	$0.45	$0.09	$0.46	$0.35	($0.35)	$0.30
Weighted Average Basic Shares Outstanding	60.94M	60.90M	60.29M	59.01M	58.57M	59.00M	58.64M	58.39M	58.19M	58.22M
Diluted Earnings per Share	$0.52	$0.19	$0.70	$0.51	$0.44	$0.08	$0.45	$0.35	($0.35)	$0.31
Weighted Average Diluted Shares Outstanding	61.22M	61.38M	60.62M	59.51M	59.25M	59.98M	59.23M	59.19M	58.74M	58.37M
Weighted Average Basic & Diluted Shares Outstanding	60.82M	59.98M	58.87M	58.48M	58.04M	57.90M	58.31M	58.36M	57.72M	56.65M

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

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

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

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

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

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

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

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

Financials Breakdown Chart

Key Financial Trends

Here are the key trends from Orion S.A. (NYSE: OEC) across the latest quarter (Q4 2024) and the prior four years, focused on cash flow, income, and the balance sheet. Items are grouped with positives first, then neutral, then negatives.

Q4 2024 net income from continuing operations was $17.2 million, turning positive after the prior quarter's loss.
Q4 2024 operating cash flow from continuing operations was $94.5 million, marking a strong cash generation for the quarter.
Q4 2024 Basic EPS of $0.30 and Diluted EPS of $0.31, supporting a positive per-share profitability signal for the quarter.
Q4 2024 revenue was $434.2 million, indicating continued top-line generation even as quarterly levels declined through 2024.
Quarterly dividend per share remained at $0.02, reflecting a stable payout policy.
Q4 2024 capex totaled about $71.0 million, consistent with ongoing asset investments and maintenance of the asset base.
Q3 2024 included a one-time impairment expense of $60.7 million, which weighed heavily on operating results.
Q3 2024 net income was negative due to the impairment, delaying quarterly profitability.
Q4 2024 gross margin declined to about 20.6% (gross profit $89.3 million on $434.2 million revenue), signaling margin pressure.
Equity declined to about $476.3 million in Q3 2024 after the impairment, while total liabilities remained elevated around $1.52 billion, indicating a higher leverage backdrop.

05/14/26 03:49 PM ETAI Generated. May Contain Errors.

Orion Financials - Frequently Asked Questions

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

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. Check out Orion's forecast to explore projected trends and price targets.

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

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%.

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.

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.

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%.

Related Companies

Financial statements for NYSE:OEC last updated on 4/6/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Orion (OEC) Financials

Financials Breakdown Chart

Key Financial Trends

Orion Financials - Frequently Asked Questions

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Orion (OEC) Financials

Annual Income Statements for Orion

Quarterly Income Statements for Orion

Annual Cash Flow Statements for Orion

Quarterly Cash Flow Statements for Orion

Annual Balance Sheets for Orion

Quarterly Balance Sheets for Orion

Annual Metrics And Ratios for Orion

Quarterly Metrics And Ratios for Orion

Financials Breakdown Chart

Key Financial Trends

Orion Financials - Frequently Asked Questions

When does Orion's financial year end?

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

What is Orion's operating income?

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

How much debt does Orion have?

How much cash does Orion have?

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

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