Olin (OLN) Financials

$28.57 +1.73 (+6.45%)

As of 12:46 PM Eastern

Annual Income Statements for Olin

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-1.40	-3.90	550	328	-11	-970	1,297	1,327	460	109	-101
Consolidated Net Income / (Loss)	-1.40	-3.90	550	328	-11	-970	1,297	1,327	452	105	-101
Net Income / (Loss) Continuing Operations	-1.40	-3.90	550	328	-11	-970	1,297	1,327	452	105	-101
Total Pre-Tax Income	6.70	-34	117	437	-37	-1,020	1,539	1,676	559	142	-161
Total Operating Income	101	108	297	677	178	-747	1,851	1,779	712	297	5.30
Total Gross Profit	368	606	714	1,124	671	383	2,294	2,182	1,166	738	502
Total Revenue	2,854	5,551	6,268	6,946	6,110	5,758	8,911	9,376	6,833	6,540	6,781
Operating Revenue	2,854	5,551	6,268	6,946	6,110	5,758	8,911	9,376	6,833	6,540	6,781
Total Cost of Revenue	2,487	4,945	5,555	5,822	5,439	5,375	6,616	7,194	5,668	5,803	6,279
Operating Cost of Revenue	2,487	4,945	5,555	5,822	5,439	5,375	6,616	7,194	5,668	5,803	6,279
Total Operating Expenses	267	498	417	447	493	1,130	443	403	453	441	496
Selling, General & Admin Expense	186	347	370	431	417	422	417	394	407	409	463
Other Operating Expenses / (Income)	-46	-11	-3.30	-6.40	-0.40	-0.70	-1.40	-16	-43	-0.80	-0.50
Restructuring Charge	126	162	50	23	77	9.00	28	25	90	33	33
Total Other Income / (Expense), net	-94	-142	-179	-240	-215	-273	-312	-103	-153	-155	-166
Interest Expense	97	192	217	243	243	293	348	144	181	185	188
Interest & Investment Income	2.80	50	38	-18	1.00	0.50	0.20	2.20	4.30	3.70	1.30
Other Income / (Expense), net	-	-	0.00	22	28	19	36	39	24	26	21
Income Tax Expense	8.10	-30	-432	109	-26	-50	242	349	107	37	-60
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	0.00	0.00	-8.20	-3.60	-0.60
Basic Earnings per Share	($0.01)	($0.02)	$3.31	$1.97	($0.07)	($6.14)	$8.15	$9.16	$3.66	$0.92	($0.88)
Weighted Average Basic Shares Outstanding	103.40M	165.20M	166.20M	166.80M	162.30M	157.90M	159.10M	144.90M	125.90M	117.80M	114.60M
Diluted Earnings per Share	($0.01)	($0.02)	$3.26	$1.95	($0.07)	($6.14)	$7.96	$8.94	$3.57	$0.91	($0.88)
Weighted Average Diluted Shares Outstanding	103.40M	165.20M	168.50M	168.40M	162.30M	157.90M	163M	148.50M	128.80M	119.50M	114.60M
Weighted Average Basic & Diluted Shares Outstanding	140M	195M	166M	166.40M	157.72M	158.37M	156.08M	131.62M	120.20M	115.42M	113.64M

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	147	104	53	49	74	-25	11	1.40	-1.30	43	-143
Consolidated Net Income / (Loss)	145	105	49	48	72	-25	10	1.20	-2.80	44	-143
Net Income / (Loss) Continuing Operations	145	105	49	48	72	-25	10	1.20	-2.80	44	-143
Total Pre-Tax Income	178	127	60	60	97	-25	10	2.10	-6.80	42	-198
Total Operating Income	217	166	99	97	136	16	47	44	35	83	-157
Total Gross Profit	310	269	184	207	238	135	158	149	138	183	31
Total Revenue	1,703	1,671	1,615	1,635	1,644	1,590	1,671	1,644	1,758	1,713	1,665
Operating Revenue	1,703	1,671	1,615	1,635	1,644	1,590	1,671	1,644	1,758	1,713	1,665
Total Cost of Revenue	1,393	1,402	1,431	1,428	1,406	1,455	1,513	1,496	1,620	1,530	1,634
Operating Cost of Revenue	1,393	1,402	1,431	1,428	1,406	1,455	1,513	1,496	1,620	1,530	1,634
Total Operating Expenses	93	103	85	110	101	119	111	105	103	101	188
Selling, General & Admin Expense	101	91	103	102	95	112	100	101	95	98	169
Other Operating Expenses / (Income)	-27	0.30	-16	-0.20	0.00	-0.60	-	0.00	0.20	-0.40	-0.30
Restructuring Charge	19	12	-2.40	8.30	6.80	7.90	10	4.00	7.40	2.90	19
Total Other Income / (Expense), net	-39	-39	-39	-37	-40	-41	-37	-42	-42	-41	-41
Interest Expense	45	46	47	45	47	48	45	49	47	47	46
Interest & Investment Income	1.10	1.00	1.10	0.80	6.80	7.70	1.00	1.20	-0.20	0.60	-0.30
Other Income / (Expense), net	5.40	5.90	7.00	6.80	0.00	0.00	6.60	5.70	4.90	4.90	5.10
Income Tax Expense	33	22	11	13	24	0.00	-0.10	0.90	-4.00	-2.20	-55
Net Income / (Loss) Attributable to Noncontrolling Interest	-2.20	0.40	-4.10	-0.80	-1.90	-0.30	-0.60	-0.20	-1.50	0.90	0.20
Basic Earnings per Share	$1.15	$0.84	$0.48	$0.41	$0.63	($0.21)	$0.09	$0.01	($0.01)	$0.37	($1.25)
Weighted Average Basic Shares Outstanding	127.40M	124.20M	125.90M	119.90M	118.50M	116.90M	117.80M	115.30M	114.90M	114.40M	114.60M
Diluted Earnings per Share	$1.13	$0.82	$0.46	$0.40	$0.62	($0.21)	$0.10	$0.01	($0.01)	$0.37	($1.25)
Weighted Average Diluted Shares Outstanding	130.40M	127M	128.80M	121.90M	120.20M	116.90M	119.50M	116.60M	114.90M	115.10M	114.60M
Weighted Average Basic & Diluted Shares Outstanding	125.83M	122.55M	120.20M	119.42M	117.54M	116.60M	115.42M	115.14M	114.64M	114.12M	113.64M

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	135	-208	34	-40	42	-31	-9.20	14	104	53	107
Net Cash From Operating Activities	217	603	649	908	617	433	1,741	1,922	974	503	474
Net Cash From Continuing Operating Activities	217	603	649	908	617	433	1,741	1,922	974	503	474
Net Income / (Loss) Continuing Operations	-1.40	-3.90	550	328	-11	-970	1,297	1,327	452	105	-101
Consolidated Net Income / (Loss)	-1.40	-3.90	550	328	-11	-970	1,297	1,327	452	105	-101
Depreciation Expense	229	534	559	601	597	568	583	599	533	518	522
Non-Cash Adjustments To Reconcile Net Income	-51	46	-21	-22	49	722	131	-32	-12	-6.20	9.80
Changes in Operating Assets and Liabilities, net	40	28	-438	71	-18	112	-270	28	0.60	-114	44
Net Cash From Investing Activities	-504	-474	-499	-382	-366	-836	-197	-260	-341	-284	-320
Net Cash From Continuing Investing Activities	-504	-474	-499	-382	-366	-836	-197	-260	-213	-238	-204
Purchase of Property, Plant & Equipment	-131	-278	-294	-385	-386	-299	-201	-237	-236	-195	-226
Acquisitions	-408	-70	-	-	-	-	0.00	0.00	64	23	58
Sale of Property, Plant & Equipment	26	41	5.20	2.90	0.00	0.00	3.20	15	29	0.00	0.00
Other Investing Activities, net	8.80	-167	-209	0.00	0.00	-537	0.00	-38	-70	-66	-36
Net Cash From Financing Activities	422	-338	-117	-565	-209	371	-1,552	-1,647	-657	-213	-163
Net Cash From Continuing Financing Activities	422	-338	-117	-565	-209	371	-1,552	-1,647	-657	-213	-163
Repayment of Debt	-731	-435	-2,038	-946	-744	-1,322	-1,781	-616	-622	-912	-2,766
Repurchase of Common Equity	-45	-1.00	-11	-59	-163	-10	-256	-1,355	-711	-302	-63
Payment of Dividends	-80	-132	-133	-134	-129	-126	-128	-116	-101	-94	-92
Issuance of Debt	1,275	230	2,036	570	825	1,828	540	415	708	1,082	2,755
Issuance of Common Equity	-	-	-	-	-	-	0.00	0.00	44	0.00	0.00
Other Financing Activities, net	2.60	0.90	30	3.40	1.70	1.90	72	26	25	13	2.30
Cash Interest Paid	32	201	201	209	198	286	345	142	177	181	178
Cash Income Taxes Paid	5.30	-2.60	18	53	36	-9.60	170	357	112	106	167

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	-15	-2.80	12	-19	31	44	-50	-1.60	50	-84	142
Net Cash From Operating Activities	306	215	417	81	91	190	142	-86	212	27	321
Net Cash From Continuing Operating Activities	306	215	417	81	91	190	142	-86	212	27	321
Net Income / (Loss) Continuing Operations	145	105	49	48	72	-25	10	1.20	-2.80	44	-143
Consolidated Net Income / (Loss)	145	105	49	48	72	-25	10	1.20	-2.80	44	-143
Depreciation Expense	137	131	129	130	129	130	129	132	130	134	126
Non-Cash Adjustments To Reconcile Net Income	-22	-0.30	-0.60	-1.60	-3.70	-0.40	-0.50	-1.00	3.40	2.10	5.30
Changes in Operating Assets and Liabilities, net	46	-21	240	-95	-107	85	2.90	-218	82	-153	333
Net Cash From Investing Activities	-60	-63	-147	-75	-76	-57	-77	-62	-90	-73	-94
Net Cash From Continuing Investing Activities	-60	-63	-147	-75	-76	-57	-77	-62	-90	-73	21
Purchase of Property, Plant & Equipment	-67	-44	-63	-44	-57	-43	-51	-61	-31	-71	-63
Acquisitions	-	-	-	-	-	-	-	-	-	-	113
Other Investing Activities, net	-21	-19	-20	-30	-19	-13	-2.70	-1.00	-3.10	-2.20	-29
Net Cash From Financing Activities	-261	-154	-258	-25	16	-90	-114	147	-73	-37	-200
Net Cash From Continuing Financing Activities	-261	-154	-258	-25	16	-90	-114	147	-73	-37	-200
Repayment of Debt	-174	-110	-241	-122	-150	-98	-542	-1,853	-329	-159	-425
Repurchase of Common Equity	-187	-202	-116	-105	-106	-45	-45	-20	-10	-10	-22
Payment of Dividends	-26	-25	-69	-24	-24	-23	-23	-23	-23	-23	-23
Issuance of Debt	125	173	120	217	295	76	495	2,041	289	155	270
Other Financing Activities, net	0.70	10	3.10	9.30	1.90	0.90	1.30	1.90	-	0.20	0.20
Cash Interest Paid	24	64	28	63	27	67	24	65	21	51	41
Cash Income Taxes Paid	18	11	30	16	75	4.60	10	51	94	24	-1.20

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	9,289	8,763	9,218	8,997	9,188	8,271	8,518	8,044	7,713	7,579	7,326
Total Current Assets	1,933	1,546	1,699	1,707	1,714	1,717	2,248	2,156	1,973	2,080	1,971
Cash & Equivalents	392	185	218	179	221	190	181	194	170	176	168
Accounts Receivable	783	675	733	776	760	771	1,107	925	875	1,008	845
Inventories, net	685	630	683	711	696	675	868	942	859	824	785
Current Deferred & Refundable Income Taxes	33	26	17	5.90	14	15	0.30	43	15	12	67
Other Current Assets	40	31	48	35	23	67	93	53	54	61	108
Plant, Property, & Equipment, net	3,953	3,705	3,576	3,482	3,324	3,171	2,914	2,674	2,520	2,328	2,197
Total Noncurrent Assets	3,402	3,512	3,943	3,808	4,150	3,383	3,356	3,214	3,220	3,171	3,158
Goodwill	2,174	2,118	2,120	2,120	2,120	1,420	1,421	1,421	1,424	1,424	1,428
Intangible Assets	678	630	579	512	448	399	332	274	246	207	174
Noncurrent Deferred & Refundable Income Taxes	96	120	36	26	35	11	99	61	87	53	47
Other Noncurrent Operating Assets	455	644	1,208	1,150	1,547	1,552	1,504	1,459	1,463	1,487	1,509
Total Liabilities & Shareholders' Equity	9,289	8,763	9,218	8,997	9,188	8,271	8,518	8,044	7,713	7,579	7,326
Total Liabilities	6,870	6,490	6,465	6,165	6,770	6,820	5,866	5,501	5,445	5,524	5,455
Total Current Liabilities	1,146	923	954	1,118	1,082	1,199	1,682	1,561	1,528	1,632	1,630
Short-Term Debt	205	81	0.70	126	2.10	26	201	9.70	79	129	110
Accounts Payable	608	571	670	637	652	729	848	838	775	862	806
Accrued Expenses	328	264	274	333	329	358	458	509	450	436	630
Current Deferred & Payable Income Tax Liabilities	4.90	7.50	9.40	23	20	11	98	133	155	141	24
Other Current Liabilities	-	-	-	0.00	79	75	77	72	69	65	60
Total Noncurrent Liabilities	5,724	5,567	5,510	5,047	5,688	5,621	4,183	3,939	3,917	3,892	3,826
Long-Term Debt	3,644	3,537	3,611	3,104	3,339	3,838	2,578	2,571	2,591	2,713	2,718
Noncurrent Deferred & Payable Income Tax Liabilities	1,095	1,033	511	519	455	443	559	507	476	431	318
Noncurrent Employee Benefit Liabilities	649	638	636	674	798	733	382	235	226	198	201
Other Noncurrent Operating Liabilities	336	359	752	749	1,097	607	664	626	623	550	590
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,419	2,273	2,754	2,832	2,418	1,451	2,652	2,544	2,268	2,055	1,871
Total Preferred & Common Equity	2,419	2,273	2,754	2,832	2,418	1,451	2,652	2,544	2,232	2,023	1,839
Total Common Equity	2,419	2,273	2,754	2,832	2,418	1,451	2,652	2,544	2,232	2,023	1,839
Common Stock	2,402	2,409	2,448	2,413	2,280	2,296	2,126	815	145	116	114
Retained Earnings	510	374	790	1,071	941	-155	1,014	2,225	2,584	2,358	2,140
Accumulated Other Comprehensive Income / (Loss)	-493	-510	-485	-651	-803	-690	-488	-496	-496	-450	-415
Noncontrolling Interest	-	-	-	-	-	-	-	0.00	36	32	32

This table presents Olin'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	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	8,220	8,109	7,953	7,815	7,611	7,661	7,518	7,655	7,668	7,601
Total Current Assets	2,285	2,298	2,198	2,101	1,952	2,058	2,002	2,251	2,287	2,265
Cash & Equivalents	164	176	161	158	151	182	226	174	224	140
Accounts Receivable	1,075	932	870	894	907	904	863	1,107	1,045	1,000
Inventories, net	945	1,090	1,081	978	824	873	828	875	919	967
Current Deferred & Refundable Income Taxes	26	30	33	28	15	18	19	16	29	78
Other Current Assets	75	71	53	43	54	82	66	79	70	80
Plant, Property, & Equipment, net	2,691	2,607	2,551	2,490	2,452	2,395	2,343	2,267	2,261	2,205
Total Noncurrent Assets	3,244	3,205	3,204	3,224	3,208	3,207	3,173	3,137	3,120	3,131
Goodwill	1,421	1,421	1,421	1,421	1,423	1,423	1,424	1,424	1,426	1,426
Intangible Assets	279	265	256	249	236	226	218	199	194	183
Noncurrent Deferred & Refundable Income Taxes	82	67	83	106	91	92	90	55	60	53
Other Noncurrent Operating Assets	1,462	1,452	1,444	1,448	1,458	1,466	1,441	1,461	1,442	1,469
Total Liabilities & Shareholders' Equity	8,220	8,109	7,953	7,815	7,611	7,661	7,518	7,655	7,668	7,601
Total Liabilities	5,671	5,575	5,481	5,448	5,404	5,491	5,429	5,617	5,680	5,607
Total Current Liabilities	1,619	1,435	1,396	1,397	1,416	1,439	1,430	1,439	1,546	1,452
Short-Term Debt	1.00	9.60	9.00	79	81	122	124	19	19	19
Accounts Payable	893	817	750	718	764	779	759	812	901	846
Accrued Expenses	468	427	427	361	342	349	343	428	521	508
Current Deferred & Payable Income Tax Liabilities	183	109	140	172	162	123	138	117	44	19
Other Current Liabilities	74	72	70	68	68	67	65	63	61	61
Total Noncurrent Liabilities	4,052	4,140	4,085	4,050	3,988	4,052	3,999	4,178	4,134	4,155
Long-Term Debt	2,580	2,765	2,717	2,711	2,685	2,789	2,766	3,017	2,978	2,974
Noncurrent Deferred & Payable Income Tax Liabilities	547	505	506	501	470	468	446	418	381	370
Noncurrent Employee Benefit Liabilities	286	230	225	213	211	202	203	208	227	229
Other Noncurrent Operating Liabilities	638	640	637	626	622	593	585	536	549	582
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,550	2,535	2,472	2,368	2,207	2,169	2,090	2,038	1,988	1,994
Total Preferred & Common Equity	2,550	2,493	2,432	2,328	2,172	2,136	2,057	2,006	1,957	1,962
Total Common Equity	2,550	2,493	2,432	2,328	2,172	2,136	2,057	2,006	1,957	1,962
Common Stock	1,057	621	440	253	119	118	117	115	115	114
Retained Earnings	2,055	2,355	2,476	2,555	2,542	2,493	2,406	2,322	2,294	2,310
Accumulated Other Comprehensive Income / (Loss)	-562	-483	-483	-480	-490	-474	-466	-431	-451	-462
Noncontrolling Interest	0.00	42	40	40	35	33	33	32	31	32

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	27.36%	94.46%	12.93%	10.81%	-12.04%	-5.76%	54.75%	5.23%	-27.12%	-4.29%	3.68%
EBITDA Growth	-3.74%	94.45%	33.40%	51.96%	-38.25%	-119.86%	1,648.93%	-2.13%	-47.47%	-33.79%	-34.87%
EBIT Growth	-50.42%	6.84%	175.14%	135.54%	-70.61%	-454.51%	359.21%	-3.65%	-59.50%	-56.19%	-91.97%
NOPAT Growth	-116.05%	457.91%	1,742.87%	-63.50%	-75.48%	-519.97%	398.40%	-9.70%	-59.14%	-61.82%	-98.31%
Net Income Growth	-101.32%	-178.57%	14,189.74%	-40.33%	-103.45%	-8,483.19%	233.69%	2.33%	-65.94%	-76.77%	-196.29%
EPS Growth	-100.75%	-100.00%	16,400.00%	-40.18%	-103.59%	-8,671.43%	229.64%	12.31%	-60.07%	-74.51%	-196.70%
Operating Cash Flow Growth	36.37%	177.84%	7.56%	39.92%	-32.00%	-29.86%	302.08%	10.39%	-49.31%	-48.35%	-5.76%
Free Cash Flow Firm Growth	-2,582.94%	105.49%	287.59%	-18.78%	-38.95%	-123.41%	1,401.04%	20.61%	-57.34%	-63.97%	-26.48%
Invested Capital Growth	310.42%	-2.88%	7.73%	-4.29%	-5.89%	-7.45%	2.46%	-6.11%	-3.29%	-0.97%	-4.06%
Revenue Q/Q Growth	36.78%	2.18%	3.88%	0.22%	-3.90%	4.86%	9.54%	-4.61%	-5.04%	0.87%	-0.09%
EBITDA Q/Q Growth	11.68%	11.39%	305.83%	96.91%	-20.50%	49.27%	24.62%	-9.47%	-13.45%	-5.76%	-28.79%
EBIT Q/Q Growth	-35.15%	98.53%	40.70%	5.82%	-48.55%	16.96%	34.21%	-12.15%	-19.41%	-13.91%	-89.38%
NOPAT Q/Q Growth	-120.48%	98.53%	579.22%	-57.34%	-56.90%	14.80%	32.99%	-12.01%	-19.58%	-15.87%	-98.41%
Net Income Q/Q Growth	-101.89%	95.36%	607.21%	-57.08%	-109.48%	4.36%	35.48%	-7.66%	-24.64%	-26.93%	-293.68%
EPS Q/Q Growth	-101.05%	97.85%	608.70%	-57.05%	-109.72%	4.21%	35.84%	-4.08%	-22.89%	-28.35%	-287.23%
Operating Cash Flow Q/Q Growth	24.20%	18.48%	134.22%	-21.35%	-16.37%	-14.43%	26.21%	-3.86%	0.45%	-35.33%	60.91%
Free Cash Flow Firm Q/Q Growth	-2,410.57%	105.58%	218.13%	-11.77%	-16.66%	-264.91%	18.14%	-0.60%	7.88%	-47.60%	39.95%
Invested Capital Q/Q Growth	303.99%	-2.98%	6.21%	-3.60%	-4.98%	-0.43%	2.83%	-0.75%	-4.62%	-0.66%	-6.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.88%	10.92%	11.38%	16.18%	10.98%	6.66%	25.75%	23.27%	17.06%	11.28%	7.40%
EBITDA Margin	11.55%	11.55%	13.65%	18.72%	13.14%	-2.77%	27.71%	25.77%	18.58%	12.85%	8.07%
Operating Margin	3.53%	1.94%	4.73%	9.75%	2.91%	-12.97%	20.77%	18.97%	10.42%	4.53%	0.08%
EBIT Margin	3.53%	1.94%	4.73%	10.06%	3.36%	-12.64%	21.17%	19.39%	10.77%	4.93%	0.38%
Profit (Net Income) Margin	-0.05%	-0.07%	8.77%	4.72%	-0.18%	-16.84%	14.55%	14.15%	6.62%	1.61%	-1.49%
Tax Burden Percent	-20.90%	11.40%	468.86%	74.98%	30.62%	95.09%	84.27%	79.17%	80.82%	74.10%	62.76%
Interest Burden Percent	6.64%	-31.73%	39.51%	62.60%	-17.97%	140.15%	81.56%	92.20%	75.98%	43.94%	-622.01%
Effective Tax Rate	120.90%	0.00%	-368.86%	25.02%	0.00%	0.00%	15.73%	20.83%	19.18%	25.90%	0.00%
Return on Invested Capital (ROIC)	-0.58%	1.30%	23.46%	8.44%	2.18%	-9.80%	30.06%	27.67%	11.87%	4.63%	0.08%
ROIC Less NNEP Spread (ROIC-NNEP)	0.44%	-1.00%	-1.18%	2.86%	-2.22%	-22.97%	21.68%	24.40%	6.81%	0.19%	-3.86%
Return on Net Nonoperating Assets (RNNOA)	0.50%	-1.47%	-1.60%	3.30%	-2.61%	-40.34%	33.14%	23.41%	6.92%	0.23%	-5.23%
Return on Equity (ROE)	-0.08%	-0.17%	21.86%	11.74%	-0.43%	-50.15%	63.21%	51.08%	18.79%	4.86%	-5.15%
Cash Return on Invested Capital (CROIC)	-122.21%	4.23%	16.02%	12.82%	8.24%	-2.07%	27.63%	33.97%	15.21%	5.60%	4.22%
Operating Return on Assets (OROA)	1.68%	1.19%	3.30%	7.67%	2.26%	-8.34%	22.47%	21.95%	9.34%	4.22%	0.35%
Return on Assets (ROA)	-0.02%	-0.04%	6.11%	3.60%	-0.12%	-11.11%	15.45%	16.02%	5.74%	1.37%	-1.36%
Return on Common Equity (ROCE)	-0.08%	-0.17%	21.86%	11.74%	-0.43%	-50.15%	63.21%	51.08%	18.65%	4.78%	-5.07%
Return on Equity Simple (ROE_SIMPLE)	-0.06%	-0.17%	19.96%	11.58%	-0.47%	-66.85%	48.89%	52.17%	20.25%	5.19%	0.00%
Net Operating Profit after Tax (NOPAT)	-21	75	1,391	508	124	-523	1,560	1,408	575	220	3.71
NOPAT Margin	-0.74%	1.36%	22.18%	7.31%	2.04%	-9.08%	17.50%	15.02%	8.42%	3.36%	0.05%
Net Nonoperating Expense Percent (NNEP)	-1.02%	2.30%	24.64%	5.58%	4.40%	13.16%	8.39%	3.27%	5.05%	4.44%	3.94%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	27.49%	11.65%	4.49%	0.08%
Cost of Revenue to Revenue	87.12%	89.08%	88.62%	83.82%	89.02%	93.34%	74.25%	76.73%	82.94%	88.72%	92.60%
SG&A Expenses to Revenue	6.53%	6.26%	5.90%	6.20%	6.82%	7.33%	4.68%	4.20%	5.95%	6.25%	6.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.34%	8.98%	6.65%	6.44%	8.07%	19.63%	4.98%	4.30%	6.64%	6.74%	7.32%
Earnings before Interest and Taxes (EBIT)	101	108	297	699	205	-728	1,887	1,818	736	323	26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	330	641	856	1,300	803	-159	2,469	2,417	1,270	841	548
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.91	1.51	1.79	1.01	1.01	2.52	3.32	2.76	2.91	1.95	1.29
Price to Tangible Book Value (P/TBV)	0.00	0.00	89.18	14.27	0.00	0.00	9.77	8.27	11.56	10.03	10.03
Price to Revenue (P/Rev)	0.78	0.62	0.79	0.41	0.40	0.63	0.99	0.75	0.95	0.60	0.35
Price to Earnings (P/E)	0.00	0.00	8.96	8.75	0.00	0.00	6.78	5.29	14.13	36.29	0.00
Dividend Yield	5.97%	3.85%	2.71%	4.65%	5.22%	3.46%	1.45%	1.56%	1.51%	2.37%	3.84%
Earnings Yield	0.00%	0.00%	11.16%	11.43%	0.00%	0.00%	14.74%	18.89%	7.08%	2.76%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.96	1.20	1.35	1.01	1.01	1.43	2.17	1.91	1.90	1.41	1.12
Enterprise Value to Revenue (EV/Rev)	1.99	1.24	1.33	0.85	0.91	1.27	1.28	1.00	1.32	1.02	0.75
Enterprise Value to EBITDA (EV/EBITDA)	17.19	10.70	9.72	4.55	6.94	0.00	4.61	3.89	7.12	7.90	9.26
Enterprise Value to EBIT (EV/EBIT)	56.19	63.66	28.04	8.47	27.13	0.00	6.04	5.18	12.28	20.59	195.70
Enterprise Value to NOPAT (EV/NOPAT)	0.00	90.95	5.98	11.66	44.75	0.00	7.30	6.68	15.70	30.22	1,366.19
Enterprise Value to Operating Cash Flow (EV/OCF)	26.11	11.38	12.82	6.52	9.02	16.92	6.54	4.90	9.28	13.20	10.69
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	28.02	8.76	7.68	11.83	0.00	7.95	5.44	12.25	24.98	25.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.59	1.59	1.31	1.14	1.38	2.66	1.05	1.01	1.18	1.38	1.51
Long-Term Debt to Equity	1.51	1.56	1.31	1.10	1.38	2.65	0.97	1.01	1.14	1.32	1.45
Financial Leverage	1.13	1.47	1.36	1.15	1.18	1.76	1.53	0.96	1.02	1.19	1.36
Leverage Ratio	3.49	3.85	3.58	3.26	3.46	4.51	4.09	3.19	3.27	3.54	3.80
Compound Leverage Factor	0.23	-1.22	1.41	2.04	-0.62	6.33	3.34	2.94	2.49	1.55	-23.61
Debt to Total Capital	61.41%	61.41%	56.74%	53.28%	58.02%	72.70%	51.17%	50.36%	54.07%	58.03%	60.18%
Short-Term Debt to Total Capital	3.27%	1.37%	0.01%	2.08%	0.04%	0.49%	3.70%	0.19%	1.60%	2.63%	2.34%
Long-Term Debt to Total Capital	58.14%	60.05%	56.73%	51.21%	57.98%	72.21%	47.47%	50.17%	52.47%	55.40%	57.85%
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%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.73%	0.66%	0.67%
Common Equity to Total Capital	38.59%	38.59%	43.26%	46.72%	41.98%	27.30%	48.83%	49.64%	45.20%	41.31%	39.14%
Debt to EBITDA	11.67	5.64	4.22	2.48	4.16	-24.24	1.13	1.07	2.10	3.38	5.16
Net Debt to EBITDA	10.48	5.35	3.97	2.35	3.89	-23.05	1.05	0.99	1.97	3.17	4.86
Long-Term Debt to EBITDA	11.05	5.52	4.22	2.39	4.16	-24.07	1.04	1.06	2.04	3.23	4.96
Debt to NOPAT	-182.55	47.94	2.60	6.36	26.84	-7.39	1.78	1.83	4.64	12.94	762.08
Net Debt to NOPAT	-163.96	45.50	2.44	6.01	25.07	-7.03	1.67	1.69	4.34	12.14	716.90
Long-Term Debt to NOPAT	-172.83	46.87	2.60	6.12	26.83	-7.34	1.65	1.83	4.50	12.35	732.51
Altman Z-Score	0.71	1.14	1.46	1.55	1.18	0.78	2.92	3.15	2.46	1.94	1.66
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.75%	1.58%	1.63%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.69	1.68	1.78	1.53	1.58	1.43	1.34	1.38	1.29	1.27	1.21
Quick Ratio	1.03	0.93	1.00	0.85	0.91	0.80	0.77	0.72	0.68	0.73	0.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4,465	245	949	771	471	-110	1,434	1,729	738	266	195
Operating Cash Flow to CapEx	207.35%	254.41%	224.42%	237.46%	160.09%	144.86%	881.97%	865.72%	470.22%	257.92%	209.54%
Free Cash Flow to Firm to Interest Expense	-46.03	1.28	4.37	3.17	1.94	-0.38	4.12	12.02	4.07	1.44	1.04
Operating Cash Flow to Interest Expense	2.24	3.14	2.98	3.73	2.54	1.48	5.00	13.36	5.38	2.73	2.52
Operating Cash Flow Less CapEx to Interest Expense	1.16	1.91	1.65	2.16	0.95	0.46	4.44	11.81	4.24	1.67	1.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.48	0.62	0.70	0.76	0.67	0.66	1.06	1.13	0.87	0.86	0.91
Accounts Receivable Turnover	5.46	7.61	8.90	9.20	7.95	7.52	9.49	9.23	7.60	6.95	7.32
Inventory Turnover	5.56	7.52	8.46	8.35	7.73	7.84	8.58	7.95	6.29	6.90	7.81
Fixed Asset Turnover	1.17	1.45	1.72	1.97	1.80	1.77	2.93	3.36	2.63	2.70	3.00
Accounts Payable Turnover	6.59	8.39	8.96	8.91	8.44	7.78	8.39	8.54	7.03	7.09	7.53
Days Sales Outstanding (DSO)	66.91	47.95	41.00	39.66	45.90	48.53	38.45	39.53	48.06	52.53	49.85
Days Inventory Outstanding (DIO)	65.70	48.56	43.14	43.70	47.21	46.53	42.56	45.92	57.98	52.91	46.73
Days Payable Outstanding (DPO)	55.41	43.52	40.76	40.95	43.23	46.90	43.50	42.75	51.94	51.49	48.47
Cash Conversion Cycle (CCC)	77.21	52.99	43.38	42.41	49.88	48.17	37.52	42.70	54.10	53.96	48.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,876	5,706	6,147	5,884	5,537	5,125	5,251	4,930	4,768	4,722	4,530
Invested Capital Turnover	0.78	0.96	1.06	1.15	1.07	1.08	1.72	1.84	1.41	1.38	1.47
Increase / (Decrease) in Invested Capital	4,444	-170	441	-264	-346	-413	126	-321	-162	-46	-192
Enterprise Value (EV)	5,670	6,863	8,316	5,919	5,569	7,326	11,394	9,410	9,037	6,640	5,069
Market Capitalization	2,213	3,430	4,923	2,868	2,449	3,652	8,795	7,023	6,502	3,941	2,377
Book Value per Share	$14.65	$13.75	$16.54	$16.98	$15.14	$9.19	$16.64	$18.57	$18.22	$17.35	$16.11
Tangible Book Value per Share	($2.62)	($2.87)	$0.33	$1.20	($0.94)	($2.34)	$5.65	$6.20	$4.59	$3.37	$2.08
Total Capital	6,268	5,891	6,366	6,063	5,758	5,315	5,432	5,124	4,938	4,898	4,698
Total Debt	3,849	3,618	3,612	3,230	3,341	3,864	2,779	2,581	2,670	2,842	2,827
Total Long-Term Debt	3,644	3,537	3,611	3,104	3,339	3,838	2,578	2,571	2,591	2,713	2,718
Net Debt	3,457	3,433	3,394	3,052	3,120	3,674	2,599	2,387	2,500	2,667	2,660
Capital Expenditures (CapEx)	105	237	289	382	386	299	197	222	207	195	226
Debt-free, Cash-free Net Working Capital (DFCFNWC)	600	520	527	536	413	355	587	411	354	401	284
Debt-free Net Working Capital (DFNWC)	992	704	746	715	634	545	767	605	524	577	451
Net Working Capital (NWC)	787	624	745	589	632	518	566	595	445	448	342
Net Nonoperating Expense (NNE)	-20	79	841	180	136	447	263	82	123	115	105
Net Nonoperating Obligations (NNO)	3,457	3,433	3,394	3,052	3,120	3,674	2,599	2,387	2,500	2,667	2,660
Total Depreciation and Amortization (D&A)	229	534	559	601	597	568	583	599	533	518	522
Debt-free, Cash-free Net Working Capital to Revenue	21.03%	9.36%	8.41%	7.72%	6.76%	6.16%	6.59%	4.38%	5.17%	6.13%	4.18%
Debt-free Net Working Capital to Revenue	34.76%	12.69%	11.89%	10.29%	10.37%	9.46%	8.61%	6.45%	7.67%	8.82%	6.66%
Net Working Capital to Revenue	27.58%	11.23%	11.88%	8.48%	10.34%	9.00%	6.35%	6.35%	6.51%	6.84%	5.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.01)	($0.02)	$3.31	$1.97	($0.07)	($6.14)	$8.15	$9.16	$3.66	$0.92	($0.88)
Adjusted Weighted Average Basic Shares Outstanding	103.40M	165.20M	166.20M	166.80M	162.30M	157.90M	159.10M	144.90M	125.90M	117.80M	114.60M
Adjusted Diluted Earnings per Share	($0.01)	($0.02)	$3.26	$1.95	($0.07)	($6.14)	$7.96	$8.94	$3.57	$0.91	($0.88)
Adjusted Weighted Average Diluted Shares Outstanding	103.40M	165.20M	168.50M	168.40M	162.30M	157.90M	163M	148.50M	128.80M	119.50M	114.60M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	165.11M	165.43M	167.17M	164.88M	157.72M	158.37M	156.08M	131.62M	120.20M	115.42M	113.64M
Normalized Net Operating Profit after Tax (NOPAT)	159	189	243	525	178	-27	1,583	1,428	648	244	27
Normalized NOPAT Margin	5.57%	3.40%	3.88%	7.55%	2.91%	-0.46%	17.77%	15.24%	9.48%	3.74%	0.40%
Pre Tax Income Margin	0.23%	-0.62%	1.87%	6.30%	-0.60%	-17.71%	17.27%	17.88%	8.19%	2.17%	-2.38%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.04	0.56	1.36	2.87	0.84	-2.49	5.42	12.63	4.06	1.75	0.14
NOPAT to Interest Expense	-0.22	0.39	6.40	2.09	0.51	-1.79	4.48	9.79	3.18	1.19	0.02
EBIT Less CapEx to Interest Expense	-0.04	-0.67	0.03	1.30	-0.74	-3.51	4.85	11.09	2.92	0.69	-1.06
NOPAT Less CapEx to Interest Expense	-1.30	-0.84	5.07	0.52	-1.07	-2.81	3.91	8.24	2.03	0.13	-1.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-5,678.57%	-3,387.18%	24.20%	40.74%	-1,144.25%	-13.02%	9.86%	8.76%	22.35%	89.71%	-90.60%
Augmented Payout Ratio	-8,907.14%	-3,412.82%	26.24%	58.58%	-2,582.30%	-14.08%	29.58%	110.88%	179.71%	376.86%	-152.42%

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-34.91%	-28.01%	-18.33%	-11.33%	-3.45%	-4.90%	3.51%	0.54%	6.95%	7.78%	-0.37%
EBITDA Growth	-50.41%	-45.25%	-45.69%	-37.35%	-24.41%	-49.69%	-21.92%	-22.33%	-35.91%	52.02%	-113.13%
EBIT Growth	-61.37%	-57.39%	-62.58%	-55.91%	-35.93%	-87.09%	-49.15%	-52.55%	-70.53%	465.81%	-327.67%
NOPAT Growth	-60.07%	-59.39%	-63.44%	-57.65%	-42.08%	-92.08%	-40.77%	-67.62%	-75.80%	703.59%	-329.31%
Net Income Growth	-65.72%	-66.85%	-75.18%	-68.96%	-50.03%	-124.11%	-79.30%	-97.49%	-103.87%	273.41%	-1,517.82%
EPS Growth	-59.06%	-62.39%	-69.74%	-65.52%	-45.13%	-125.61%	-78.26%	-97.50%	-101.61%	276.19%	-1,350.00%
Operating Cash Flow Growth	-49.56%	-61.00%	1.07%	116.00%	-70.34%	-11.55%	-65.99%	-206.17%	134.33%	-85.94%	126.68%
Free Cash Flow Firm Growth	-31.35%	-77.92%	-55.14%	-7.05%	-22.74%	144.45%	-61.35%	-113.67%	-32.68%	-102.49%	-12.49%
Invested Capital Growth	-2.62%	0.64%	-3.29%	-6.06%	-2.75%	-4.92%	-0.97%	1.62%	-2.81%	1.97%	-4.06%
Revenue Q/Q Growth	-7.68%	-1.84%	-3.40%	1.28%	0.53%	-3.32%	5.15%	-1.62%	6.94%	-2.57%	-2.81%
EBITDA Q/Q Growth	-3.83%	-15.60%	-22.58%	-0.30%	16.04%	-43.83%	20.14%	-0.82%	-6.33%	30.22%	-111.60%
EBIT Q/Q Growth	-5.93%	-22.60%	-38.34%	-1.79%	36.70%	-84.40%	142.79%	-8.35%	-18.62%	118.16%	-272.63%
NOPAT Q/Q Growth	-3.23%	-22.32%	-41.09%	-4.37%	32.36%	-89.37%	340.30%	-47.73%	-1.05%	252.85%	-225.65%
Net Income Q/Q Growth	-6.04%	-27.78%	-53.30%	-2.05%	51.26%	-134.85%	140.08%	-88.12%	-333.33%	1,660.71%	-427.69%
EPS Q/Q Growth	-2.59%	-27.43%	-43.90%	-13.04%	55.00%	-133.87%	147.62%	-90.00%	-200.00%	3,800.00%	-437.84%
Operating Cash Flow Q/Q Growth	714.67%	-29.72%	94.04%	-80.56%	11.85%	109.60%	-25.38%	-160.69%	346.86%	-87.42%	1,103.00%
Free Cash Flow Firm Q/Q Growth	-25.34%	-66.27%	131.04%	59.78%	-37.95%	6.71%	-63.47%	-156.49%	405.70%	-103.95%	1,381.47%
Invested Capital Q/Q Growth	-1.87%	-0.74%	-4.62%	1.13%	1.58%	-2.96%	-0.66%	3.77%	-2.84%	1.81%	-6.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.21%	16.10%	11.38%	12.68%	14.46%	8.46%	9.45%	9.04%	7.85%	10.71%	1.88%
EBITDA Margin	21.08%	18.12%	14.52%	14.30%	16.50%	9.59%	10.96%	11.04%	9.67%	12.93%	-1.54%
Operating Margin	12.73%	9.93%	6.13%	5.95%	8.30%	0.98%	2.83%	2.66%	2.01%	4.83%	-9.40%
EBIT Margin	13.04%	10.28%	6.57%	6.37%	8.66%	1.40%	3.23%	3.00%	2.29%	5.12%	-9.09%
Profit (Net Income) Margin	8.50%	6.25%	3.02%	2.92%	4.40%	-1.59%	0.60%	0.07%	-0.16%	2.55%	-8.60%
Tax Burden Percent	81.34%	82.48%	81.47%	79.27%	74.84%	100.00%	101.00%	57.14%	41.18%	105.30%	72.36%
Interest Burden Percent	80.10%	73.71%	56.51%	57.93%	67.88%	-113.51%	18.55%	4.25%	-16.92%	47.32%	130.71%
Effective Tax Rate	18.66%	17.52%	18.53%	20.73%	25.16%	0.00%	-1.00%	42.86%	0.00%	-5.30%	0.00%
Return on Invested Capital (ROIC)	15.91%	11.83%	7.04%	6.28%	8.21%	0.91%	3.94%	2.05%	1.94%	7.20%	-9.64%
ROIC Less NNEP Spread (ROIC-NNEP)	14.66%	10.54%	5.74%	5.15%	7.08%	-0.45%	2.48%	1.18%	0.94%	5.62%	-10.91%
Return on Net Nonoperating Assets (RNNOA)	14.30%	10.83%	5.82%	5.66%	8.08%	-0.54%	2.97%	1.52%	1.24%	7.59%	-14.80%
Return on Equity (ROE)	30.21%	22.66%	12.86%	11.94%	16.29%	0.37%	6.90%	3.57%	3.18%	14.79%	-24.44%
Cash Return on Invested Capital (CROIC)	20.62%	13.72%	15.21%	15.72%	10.78%	10.40%	5.60%	1.89%	4.90%	2.91%	4.22%
Operating Return on Assets (OROA)	12.31%	9.23%	5.69%	5.36%	7.28%	1.18%	2.76%	2.58%	1.99%	4.60%	-8.27%
Return on Assets (ROA)	8.02%	5.61%	2.62%	2.46%	3.70%	-1.34%	0.52%	0.06%	-0.14%	2.29%	-7.83%
Return on Common Equity (ROCE)	29.98%	22.47%	12.77%	11.75%	16.03%	0.36%	6.80%	3.51%	3.13%	14.55%	-24.04%
Return on Equity Simple (ROE_SIMPLE)	33.33%	25.77%	0.00%	15.92%	12.80%	6.99%	0.00%	2.91%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	176	137	81	77	102	11	48	25	25	87	-110
NOPAT Margin	10.35%	8.19%	5.00%	4.72%	6.21%	0.68%	2.86%	1.52%	1.41%	5.09%	-6.58%
Net Nonoperating Expense Percent (NNEP)	1.25%	1.28%	1.30%	1.13%	1.13%	1.36%	1.46%	0.87%	1.00%	1.58%	1.26%
Return On Investment Capital (ROIC_SIMPLE)	-	-	1.63%	-	-	-	0.98%	0.49%	0.50%	1.75%	-2.33%
Cost of Revenue to Revenue	81.79%	83.90%	88.62%	87.32%	85.54%	91.54%	90.55%	90.96%	92.15%	89.29%	98.12%
SG&A Expenses to Revenue	5.94%	5.44%	6.37%	6.23%	5.75%	7.03%	6.00%	6.14%	5.41%	5.73%	10.15%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	5.49%	6.17%	5.25%	6.73%	6.17%	7.49%	6.62%	6.39%	5.85%	5.87%	11.28%
Earnings before Interest and Taxes (EBIT)	222	172	106	104	142	22	54	49	40	88	-151
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	359	303	235	234	271	152	183	182	170	222	-26
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.68	2.66	2.91	3.29	2.62	2.74	1.95	1.39	1.18	1.46	1.29
Price to Tangible Book Value (P/TBV)	8.62	9.40	11.56	13.93	11.52	13.60	10.03	7.29	6.84	8.12	10.03
Price to Revenue (P/Rev)	0.83	0.86	0.95	1.08	0.85	0.87	0.60	0.43	0.35	0.42	0.35
Price to Earnings (P/E)	7.99	10.24	14.13	20.27	20.03	37.40	36.29	45.57	0.00	53.45	0.00
Dividend Yield	1.59%	1.63%	1.51%	1.37%	1.71%	1.67%	2.37%	3.30%	3.98%	3.20%	3.84%
Earnings Yield	12.52%	9.76%	7.08%	4.93%	4.99%	2.67%	2.76%	2.19%	0.00%	1.87%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.81	1.77	1.90	2.03	1.71	1.75	1.41	1.16	1.07	1.19	1.12
Enterprise Value to Revenue (EV/Rev)	1.16	1.23	1.32	1.48	1.27	1.29	1.02	0.87	0.77	0.85	0.75
Enterprise Value to EBITDA (EV/EBITDA)	5.31	6.04	7.12	8.67	8.02	9.35	7.90	7.22	7.38	7.48	9.26
Enterprise Value to EBIT (EV/EBIT)	7.96	9.70	12.28	16.21	15.96	22.25	20.59	21.25	29.82	23.58	195.70
Enterprise Value to NOPAT (EV/NOPAT)	9.94	12.38	15.70	20.78	21.07	31.92	30.22	33.50	51.55	24.65	1,366.19
Enterprise Value to Operating Cash Flow (EV/OCF)	6.98	9.13	9.28	9.62	10.42	10.71	13.20	16.93	11.17	19.51	10.69
Enterprise Value to Free Cash Flow (EV/FCFF)	8.66	12.95	12.25	12.52	15.62	16.43	24.98	61.94	21.62	41.18	25.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.10	1.18	1.18	1.25	1.34	1.38	1.38	1.49	1.51	1.50	1.51
Long-Term Debt to Equity	1.10	1.15	1.14	1.22	1.29	1.32	1.32	1.48	1.50	1.49	1.45
Financial Leverage	0.98	1.03	1.02	1.10	1.14	1.19	1.19	1.29	1.32	1.35	1.36
Leverage Ratio	3.22	3.26	3.27	3.32	3.36	3.44	3.54	3.60	3.69	3.70	3.80
Compound Leverage Factor	2.58	2.40	1.85	1.92	2.28	-3.91	0.66	0.15	-0.62	1.75	4.96
Debt to Total Capital	52.45%	54.10%	54.07%	55.62%	57.30%	58.03%	58.03%	59.83%	60.12%	60.02%	60.18%
Short-Term Debt to Total Capital	0.17%	1.53%	1.60%	1.63%	2.40%	2.49%	2.63%	0.38%	0.39%	0.39%	2.34%
Long-Term Debt to Total Capital	52.28%	52.57%	52.47%	53.99%	54.90%	55.54%	55.40%	59.45%	59.74%	59.64%	57.85%
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%	0.00%
Noncontrolling Interests to Total Capital	0.76%	0.78%	0.73%	0.71%	0.65%	0.66%	0.66%	0.63%	0.61%	0.63%	0.67%
Common Equity to Total Capital	46.79%	45.13%	45.20%	43.68%	42.05%	41.31%	41.31%	39.54%	39.27%	39.35%	39.14%
Debt to EBITDA	1.59	1.90	2.10	2.45	2.79	3.24	3.38	3.85	4.32	3.89	5.16
Net Debt to EBITDA	1.49	1.79	1.97	2.31	2.62	2.99	3.17	3.63	4.00	3.71	4.86
Long-Term Debt to EBITDA	1.58	1.85	2.04	2.38	2.68	3.10	3.23	3.83	4.30	3.87	4.96
Debt to NOPAT	2.97	3.90	4.64	5.87	7.33	11.06	12.94	17.87	30.19	12.83	762.08
Net Debt to NOPAT	2.80	3.68	4.34	5.55	6.87	10.20	12.14	16.85	27.94	12.23	716.90
Long-Term Debt to NOPAT	2.96	3.79	4.50	5.70	7.03	10.59	12.35	17.76	30.00	12.75	732.51
Altman Z-Score	2.35	2.24	2.19	2.26	2.08	2.03	1.82	1.73	1.67	1.79	1.58
Noncontrolling Interest Sharing Ratio	0.77%	0.81%	0.75%	1.62%	1.57%	1.64%	1.58%	1.58%	1.53%	1.58%	1.63%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.58	1.50	1.29	1.38	1.43	1.40	1.27	1.56	1.48	1.56	1.21
Quick Ratio	0.74	0.75	0.68	0.75	0.75	0.76	0.73	0.89	0.82	0.79	0.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	312	105	243	388	241	257	94	-53	162	-6.41	82
Operating Cash Flow to CapEx	453.26%	485.75%	661.27%	182.84%	160.35%	438.57%	277.84%	-140.07%	684.84%	37.55%	511.47%
Free Cash Flow to Firm to Interest Expense	6.88	2.28	5.15	8.70	5.17	5.31	2.09	-1.09	3.46	-0.14	1.78
Operating Cash Flow to Interest Expense	6.74	4.65	8.83	1.82	1.94	3.92	3.16	-1.77	4.54	0.57	6.95
Operating Cash Flow Less CapEx to Interest Expense	5.26	3.69	7.49	0.82	0.73	3.03	2.02	-3.04	3.87	-0.95	5.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.94	0.90	0.87	0.84	0.84	0.85	0.86	0.86	0.87	0.90	0.91
Accounts Receivable Turnover	7.23	7.31	7.60	7.20	7.40	7.38	6.95	6.50	6.84	7.28	7.32
Inventory Turnover	6.19	6.07	6.29	5.91	5.80	6.34	6.90	6.91	6.79	6.86	7.81
Fixed Asset Turnover	2.96	2.78	2.63	2.62	2.66	2.68	2.70	2.78	2.86	2.98	3.00
Accounts Payable Turnover	7.23	7.24	7.03	7.15	7.41	7.75	7.09	7.45	7.24	7.68	7.53
Days Sales Outstanding (DSO)	50.45	49.96	48.06	50.68	49.30	49.47	52.53	56.14	53.36	50.11	49.85
Days Inventory Outstanding (DIO)	59.00	60.18	57.98	61.78	62.93	57.60	52.91	52.82	53.75	53.18	46.73
Days Payable Outstanding (DPO)	50.47	50.40	51.94	51.03	49.24	47.11	51.49	48.99	50.40	47.55	48.47
Cash Conversion Cycle (CCC)	58.99	59.74	54.10	61.43	62.98	59.96	53.96	59.98	56.71	55.73	48.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,037	4,999	4,768	4,822	4,898	4,753	4,722	4,900	4,761	4,847	4,530
Invested Capital Turnover	1.54	1.44	1.41	1.33	1.32	1.33	1.38	1.35	1.38	1.41	1.47
Increase / (Decrease) in Invested Capital	-135	32	-162	-311	-139	-246	-46	78	-137	94	-192
Enterprise Value (EV)	9,116	8,856	9,037	9,795	8,365	8,336	6,640	5,692	5,117	5,749	5,069
Market Capitalization	6,511	6,185	6,502	7,145	5,603	5,640	3,941	2,798	2,313	2,865	2,377
Book Value per Share	$18.81	$18.50	$18.22	$18.12	$17.89	$17.50	$17.35	$17.38	$17.00	$17.12	$16.11
Tangible Book Value per Share	$5.84	$5.23	$4.59	$4.28	$4.07	$3.53	$3.37	$3.33	$2.94	$3.08	$2.08
Total Capital	5,198	5,158	4,938	4,973	5,080	4,979	4,898	5,074	4,985	4,987	4,698
Total Debt	2,726	2,790	2,670	2,766	2,911	2,890	2,842	3,036	2,997	2,993	2,827
Total Long-Term Debt	2,717	2,711	2,591	2,685	2,789	2,766	2,713	3,017	2,978	2,974	2,718
Net Debt	2,565	2,632	2,500	2,615	2,729	2,664	2,667	2,862	2,773	2,853	2,660
Capital Expenditures (CapEx)	67	44	63	44	57	43	51	61	31	71	63
Debt-free, Cash-free Net Working Capital (DFCFNWC)	650	624	354	466	559	470	401	658	536	691	284
Debt-free Net Working Capital (DFNWC)	812	783	524	617	741	696	577	832	760	832	451
Net Working Capital (NWC)	803	704	445	536	619	572	448	812	741	813	342
Net Nonoperating Expense (NNE)	32	32	32	29	30	36	38	24	28	43	34
Net Nonoperating Obligations (NNO)	2,565	2,632	2,500	2,615	2,729	2,664	2,667	2,862	2,773	2,853	2,660
Total Depreciation and Amortization (D&A)	137	131	129	130	129	130	129	132	130	134	126
Debt-free, Cash-free Net Working Capital to Revenue	8.29%	8.68%	5.17%	7.03%	8.51%	7.25%	6.13%	10.04%	8.05%	10.19%	4.18%
Debt-free Net Working Capital to Revenue	10.34%	10.88%	7.67%	9.31%	11.28%	10.73%	8.82%	12.70%	11.41%	12.25%	6.66%
Net Working Capital to Revenue	10.23%	9.78%	6.51%	8.09%	9.43%	8.82%	6.84%	12.40%	11.12%	11.97%	5.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.15	$0.84	$0.48	$0.41	$0.63	($0.21)	$0.09	$0.01	($0.01)	$0.37	($1.25)
Adjusted Weighted Average Basic Shares Outstanding	127.40M	124.20M	125.90M	119.90M	118.50M	116.90M	117.80M	115.30M	114.90M	114.40M	114.60M
Adjusted Diluted Earnings per Share	$1.13	$0.82	$0.46	$0.40	$0.62	($0.21)	$0.10	$0.01	($0.01)	$0.37	($1.25)
Adjusted Weighted Average Diluted Shares Outstanding	130.40M	127M	128.80M	121.90M	120.20M	116.90M	119.50M	116.60M	114.90M	115.10M	114.60M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	125.83M	122.55M	120.20M	119.42M	117.54M	116.60M	115.42M	115.14M	114.64M	114.12M	113.64M
Normalized Net Operating Profit after Tax (NOPAT)	192	147	79	84	107	16	40	27	30	60	-96
Normalized NOPAT Margin	11.27%	8.78%	4.87%	5.12%	6.52%	1.03%	2.41%	1.66%	1.70%	3.50%	-5.78%
Pre Tax Income Margin	10.45%	7.58%	3.71%	3.69%	5.88%	-1.59%	0.60%	0.13%	-0.39%	2.42%	-11.89%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.90	3.72	2.25	2.33	3.05	0.46	1.20	1.02	0.86	1.87	-3.28
NOPAT to Interest Expense	3.89	2.96	1.71	1.73	2.19	0.22	1.06	0.51	0.53	1.86	-2.37
EBIT Less CapEx to Interest Expense	3.42	2.76	0.91	1.34	1.84	-0.44	0.06	-0.25	0.20	0.35	-4.64
NOPAT Less CapEx to Interest Expense	2.40	2.01	0.37	0.74	0.98	-0.67	-0.07	-0.75	-0.13	0.34	-3.73
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	7.77%	9.89%	22.35%	41.30%	51.54%	97.01%	89.71%	159.76%	-554.49%	176.44%	-90.60%
Augmented Payout Ratio	138.36%	151.53%	179.71%	217.87%	245.28%	356.58%	376.86%	530.14%	-1,275.45%	339.46%	-152.42%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, four-year look at OLN’s quarterly statements (income, cash flow, and balance sheet) to help retail investors gauge trends and potential implications for the stock. The bullets are organized to highlight potential positives first, then neutral observations, and finally negatives.

Cash flow from continuing operating activities has been positive in three of the four 2025 quarters, with a strong showing in Q4 2025 at about $321 million, underscoring improving operating cash generation.
Operating income was positive in two consecutive 2025 quarters (Q2 2025 ≈ $35.3 million; Q3 2025 ≈ $82.8 million), indicating a resurgence of underlying operating profitability mid-year.
Net income attributable to common shareholders was positive in several quarters, notably +$1.40 million in Q1 2025 and +$42.8 million in Q3 2025, signaling quarterly earnings leverage at times despite volatility.
OLN has maintained a stable dividend policy, with cash dividends per share to common of $0.20 in 2025 quarters, supporting a predictable income stream for yield-focused investors.
Revenue has trended within a relatively narrow band around $1.6–$1.8 billion across the four-year window, suggesting modest top-line stability rather than clear growth.
The balance sheet shows a large but manageable liability base, with total liabilities typically in the mid-to-upper $5 billions and long-term debt around $2.7–$3.0 billion, reflecting meaningful but steady leverage.
Total equity has remained near the $2.0 billion level, with retained earnings generally in the low-to-mid $2.0 billions, providing a cushion for losses or charges in other parts of the business.
AOCI (accumulated other comprehensive income) has been modestly negative in recent periods, indicating some ongoing volatility in other comprehensive items but not a dominant driver of capital structure.
Q4 2025 delivered a notable net income loss to common shareholders (~$143.4 million), highlighting a material year-end weakness that could reflect one-off charges or impairments impacting profitability.
Gross margins have generally been thin across quarters (often in the low single digits to around 10%), indicating persistent margin pressure in core operations and a potential area of focus for earnings improvement.

05/11/26 12:46 PM ETAI Generated. May Contain Errors.

Olin Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Olin's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Olin's net income appears to be on an upward trend, with a most recent value of -$101.10 million in 2025, rising from -$1.40 million in 2015. The previous period was $105 million in 2024. See Olin's forecast for analyst expectations on what's next for the company.

Olin's total operating income in 2025 was $5.30 million, based on the following breakdown:

Total Gross Profit: $501.50 million
Total Operating Expenses: $496.20 million

Over the last 10 years, Olin's total revenue changed from $2.85 billion in 2015 to $6.78 billion in 2025, a change of 137.6%.

Olin's total liabilities were at $5.46 billion at the end of 2025, a 1.2% decrease from 2024, and a 20.6% decrease since 2015.

In the past 10 years, Olin's cash and equivalents has ranged from $167.60 million in 2025 to $392 million in 2015, and is currently $167.60 million as of their latest financial filing in 2025.

Over the last 10 years, Olin's book value per share changed from 14.65 in 2015 to 16.11 in 2025, a change of 10.0%.

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Financial statements for NYSE:OLN last updated on 2/22/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Olin (OLN) Financials

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