NYSE : OEC
Orion S.A. — Financial statements
Materials · Specialty Chemicals · Luxembourg
Last price 5.6 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 316.53M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Orion S.A. (OEC) reported revenue of 1.82B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.82B | 1.81B | 1.88B | 1.89B | 2.03B | 1.55B |
| Cost of Revenue | 1.49B | 1.45B | 1.45B | 1.44B | 1.58B | 1.16B |
| Gross Profit | 335.50M | 359.80M | 428.80M | 451.00M | 448.80M | 386.60M |
| Selling, General & Admin | 236.40M | 230.70M | 237.80M | 213.00M | 227.10M | 215.20M |
| Research & Development | 28.90M | 27.50M | 27.10M | 24.50M | 21.70M | 22.00M |
| Other Operating Expenses | -600.00K | 200.00K | 1.90M | -700.00K | 2.90M | 8.60M |
| Operating Expenses | 264.70M | 258.40M | 266.80M | 236.80M | 251.70M | 245.80M |
| Operating Income | 70.80M | 101.40M | 162.00M | 214.20M | 197.10M | 140.80M |
| Interest Expense | -53.10M | -55.40M | -47.80M | -46.90M | -36.40M | -31.60M |
| Earnings From Equity Investments | -300.00K | 500.00K | 600.00K | 500.00K | 500.00K | 700.00K |
| Currency Exchange Gain (Loss) | -7.40M | -6.90M | -1.60M | -4.00M | -3.50M | -6.40M |
| EBT Excluding Unusual Items | 10.00M | 39.60M | 113.20M | 163.80M | 157.70M | 103.50M |
| Impairment of Goodwill | -80.80M | -80.80M | ||||
| Legal Settlements | 82.90M | |||||
| Other Unusual Items | 6.90M | 6.90M | -59.30M | |||
| Pretax Income | -63.90M | -34.30M | 53.90M | 163.80M | 157.70M | 186.40M |
| Income Tax Expense | 32.40M | 35.80M | 9.70M | 60.30M | 51.50M | 51.70M |
| Net Income | -96.30M | -70.10M | 44.20M | 103.50M | 106.20M | 134.70M |
| Net Income to Common | -96.30M | -70.10M | 44.20M | 103.50M | 106.20M | 134.70M |
| Shares Outstanding (Basic) | 56.19M | 56.32M | 58.22M | 58.99M | 60.90M | 60.71M |
| Shares Outstanding (Diluted) | 56.19M | 56.32M | 58.37M | 59.98M | 61.38M | 60.95M |
| EPS (Basic) | -1.71 | -1.24 | 0.76 | 1.75 | 1.74 | 2.22 |
| EPS (Diluted) | -1.71 | -1.24 | 0.76 | 1.73 | 1.73 | 2.21 |
| Free Cash Flow | 25.50M | 54.80M | -81.40M | 173.10M | -151.80M | -69.50M |
| Free Cash Flow Per Share | 0.45 | 0.97 | -1.39 | 2.89 | -2.47 | -1.14 |
| Dividend Per Share | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.02 |
| Gross Margin | 18.40% | 19.91% | 22.84% | 23.81% | 22.10% | 24.99% |
| Operating Margin | 3.88% | 5.61% | 8.63% | 11.31% | 9.71% | 9.10% |
| Profit Margin | -5.28% | -3.88% | 2.35% | 5.46% | 5.23% | 8.71% |
| Free Cash Flow Margin | 1.40% | 3.03% | -4.34% | 9.14% | -7.47% | -4.49% |
| EBITDA | 204.80M | 233.30M | 287.30M | 327.20M | 302.80M | 244.90M |
| EBITDA Margin | 11.23% | 12.91% | 15.30% | 17.28% | 14.91% | 15.83% |
| D&A For EBITDA | 134.00M | 131.90M | 125.30M | 113.00M | 105.70M | 104.10M |
| EBIT | 70.80M | 101.40M | 162.00M | 214.20M | 197.10M | 140.80M |
| EBIT Margin | 3.88% | 5.61% | 8.63% | 11.31% | 9.71% | 9.10% |
| Effective Tax Rate | 18.00% | 36.81% | 32.66% | 27.74% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 50.80M | 60.70M | 44.20M | 37.50M | 60.80M | 65.70M |
| Short-Term Investments | 10.70M | 9.90M | 15.60M | 18.70M | 17.50M | |
| Cash & Short-Term Investments | 50.80M | 71.40M | 54.10M | 53.10M | 79.50M | 83.20M |
| Accounts Receivable | 300.40M | 213.60M | 211.90M | 241.00M | 367.80M | 288.90M |
| Other Receivables | 30.30M | 25.30M | 12.60M | 6.10M | 5.20M | 36.90M |
| Receivables | 330.70M | 238.90M | 224.50M | 247.10M | 373.00M | 325.80M |
| Inventory | 275.50M | 277.30M | 290.40M | 287.10M | 277.90M | 229.80M |
| Prepaid Expenses | 76.60M | |||||
| Restricted Cash | 500.00K | 2.70M | 2.60M | 2.80M | ||
| Other Current Assets | 56.20M | 43.80M | 56.10M | 45.50M | 23.40M | |
| Total Current Assets | 733.60M | 643.80M | 613.30M | 646.10M | 778.50M | 665.00M |
| Property, Plant & Equipment | 1.17B | 1.20B | 1.08B | 1.01B | 916.10M | 792.50M |
| Long-Term Investments | 13.60M | 13.10M | 8.00M | 5.10M | 14.60M | 5.30M |
| Goodwill | 71.50M | 76.10M | 73.40M | 78.00M | ||
| Other Intangible Assets | 9.90M | 14.20M | 18.50M | 25.50M | 27.80M | 36.30M |
| Long-Term Deferred Tax Assets | 28.30M | 20.50M | 21.60M | 30.00M | 29.10M | 50.40M |
| Other Long-Term Assets | 26.70M | 20.60M | 41.50M | 39.90M | 49.20M | 3.50M |
| Total Assets | 1.99B | 1.91B | 1.86B | 1.83B | 1.89B | 1.63B |
| Accounts Payable | 218.00M | 197.00M | 156.20M | 183.70M | 184.10M | 195.10M |
| Accrued Expenses | 74.30M | 55.40M | 43.60M | 43.70M | 46.20M | 47.20M |
| Short-Term Debt | 342.60M | 289.80M | 250.90M | 134.70M | 256.00M | 149.50M |
| Current Portion of Long-Term Debt | 14.20M | 15.20M | 7.90M | 2.30M | 2.30M | 2.20M |
| Current Portion of Leases | 14.50M | 15.20M | 12.60M | 10.40M | 11.60M | |
| Current Income Taxes Payable | 8.50M | 20.20M | 4.80M | 34.20M | 31.30M | 16.90M |
| Other Current Liabilities | 58.00M | 34.30M | 38.10M | 29.10M | 22.50M | 26.20M |
| Total Current Liabilities | 715.60M | 626.40M | 516.70M | 440.30M | 552.80M | 448.70M |
| Long-Term Debt | 652.90M | 674.50M | 647.00M | 677.30M | 657.00M | 631.20M |
| Long-Term Leases | 137.70M | 118.00M | 106.50M | 100.30M | 87.90M | 73.00M |
| Pension & Post-Retirement Benefits | 57.40M | 58.40M | 58.50M | 60.40M | 50.00M | 74.40M |
| Long-Term Deferred Tax Liabilities | 43.10M | 28.00M | 36.50M | 66.30M | 70.00M | 61.80M |
| Other Long-Term Liabilities | 17.70M | 17.20M | 10.30M | 11.60M | 22.20M | |
| Total Liabilities | 1.61B | 1.52B | 1.38B | 1.35B | 1.43B | 1.31B |
| Common Stock | 85.30M | 85.30M | 85.30M | 85.30M | 85.30M | 85.30M |
| Additional Paid-In Capital | 71.10M | 80.20M | 84.70M | 85.60M | 76.40M | 71.40M |
| Retained Earnings | 370.60M | 382.20M | 457.00M | 417.60M | 319.00M | 217.80M |
| Treasury Stock | -78.00M | -90.80M | -82.20M | -70.10M | -8.80M | -6.30M |
| Comprehensive Income & Other | -68.70M | -72.30M | -69.90M | -39.90M | -12.50M | -48.50M |
| Shareholders' Equity | 380.30M | 384.60M | 474.90M | 478.50M | 459.40M | 319.70M |
| Total Liabilities & Equity | 1.99B | 1.91B | 1.86B | 1.83B | 1.89B | 1.63B |
| Total Debt | 1.15B | 1.11B | 1.03B | 927.20M | 1.01B | 867.50M |
| Net Cash (Debt) | -1.10B | -1.04B | -973.40M | -874.10M | -934.10M | -784.30M |
| Net Cash Per Share | -19.52 | -18.48 | -16.68 | -14.57 | -15.22 | -12.87 |
| Filing Date Shares Outstanding | 56.52M | 56.27M | 56.65M | 57.90M | 59.98M | 60.66M |
| Total Common Shares Outstanding | 56.52M | 56.15M | 57.24M | 57.90M | 60.57M | 60.66M |
| Working Capital | 18.00M | 17.40M | 96.60M | 205.80M | 225.70M | 216.30M |
| Book Value Per Share | 6.73 | 6.85 | 8.30 | 8.26 | 7.58 | 5.27 |
| Tangible Book Value | 370.40M | 370.40M | 384.90M | 376.90M | 358.20M | 205.40M |
| Tangible Book Value Per Share | 6.55 | 6.60 | 6.72 | 6.51 | 5.91 | 3.39 |
| Land | 186.60M | 168.10M | 168.80M | 135.10M | 136.70M | |
| Machinery | 1.56B | 1.39B | 1.35B | 1.09B | 1.07B | |
| Construction In Progress | 292.20M | 215.90M | 140.00M | 260.20M | 115.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -96.30M | -70.10M | 44.20M | 103.50M | 106.20M | 134.70M |
| Depreciation & Amortization | 134.00M | 131.90M | 125.30M | 113.00M | 105.70M | 104.10M |
| Other Amortization | 3.60M | 2.00M | 1.50M | 2.70M | 1.90M | 4.10M |
| Asset Writedown & Restructuring Costs | 80.80M | 80.80M | ||||
| Stock-Based Compensation | 11.70M | 13.60M | 15.30M | 15.40M | 7.70M | 5.20M |
| Other Operating Activities | 22.40M | -14.70M | -19.60M | 3.20M | -1.50M | 11.80M |
| Change in Accounts Receivable | -34.50M | 17.40M | 13.80M | 131.20M | -95.60M | -67.60M |
| Change in Inventory | 5.30M | 36.50M | -19.60M | -7.70M | -60.10M | -94.90M |
| Change in Accounts Payable | 62.70M | 15.30M | -14.80M | 1.60M | 9.20M | 65.00M |
| Change in Income Taxes | -20.50M | 1.40M | -17.80M | -2.10M | 20.30M | -6.30M |
| Change in Other Net Operating Assets | 7.40M | 1.70M | -3.00M | -14.90M | -12.80M | -10.90M |
| Operating Cash Flow | 176.60M | 215.80M | 125.30M | 345.90M | 81.00M | 145.20M |
| Capital Expenditures | -151.10M | -161.00M | -206.70M | -172.80M | -232.80M | -214.70M |
| Investing Cash Flow | -151.10M | -161.00M | -206.70M | -172.80M | -232.80M | -214.70M |
| Short-Term Debt Issued | 153.40M | 263.10M | 284.40M | 223.20M | 188.40M | |
| Long-Term Debt Issued | 12.60M | 47.80M | 213.40M | |||
| Total Debt Issued | 177.60M | 153.40M | 263.10M | 297.00M | 271.00M | 401.80M |
| Short-Term Debt Repaid | -151.60M | -138.10M | -417.90M | -107.70M | -112.60M | |
| Long-Term Debt Repaid | -8.90M | -4.10M | -3.00M | -3.00M | -213.00M | |
| Total Debt Repaid | -180.70M | -160.50M | -142.20M | -420.90M | -110.70M | -325.60M |
| Net Debt Issued (Repaid) | -3.10M | -7.10M | 120.90M | -123.90M | 160.30M | 76.20M |
| Repurchase of Common Stock | -800.00K | -24.80M | -26.60M | -65.60M | -4.30M | |
| Common Dividends Paid | -4.60M | -4.70M | -4.80M | -4.90M | -5.00M | |
| Other Financing Activities | -9.30M | -4.60M | -200.00K | -2.70M | -1.70M | -2.90M |
| Financing Cash Flow | -17.80M | -41.20M | 89.30M | -197.10M | 149.30M | 73.30M |
| Foreign Exchange Rate Adjustments | 500.00K | 2.90M | -3.40M | 800.00K | -2.60M | -3.20M |
| Net Cash Flow | 8.20M | 16.50M | 4.50M | -23.20M | -5.10M | 600.00K |
| Free Cash Flow | 25.50M | 54.80M | -81.40M | 173.10M | -151.80M | -69.50M |
| Free Cash Flow Margin | 1.40% | 3.03% | -4.34% | 9.14% | -7.47% | -4.49% |
| Free Cash Flow Per Share | 0.45 | 0.97 | -1.39 | 2.89 | -2.47 | -1.14 |
| Levered Free Cash Flow | 46.36M | 66.25M | -7.42M | 175.46M | -135.56M | -126.15M |
| Unlevered Free Cash Flow | 75.95M | 98.88M | 20.95M | 202.07M | -114.71M | -110.50M |
| Cash Income Tax Paid | 41.20M | 41.20M | 47.30M | 56.10M | 23.90M | 37.60M |
| Change in Working Capital | 20.40M | 72.30M | -41.40M | 108.10M | -139.00M | -114.70M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 323.31M | 296.47M | 911.40M | 1.61B | 1.08B | 1.11B |
| Enterprise Value | 1.42B | 1.39B | 1.95B | 2.47B | 1.92B | 1.85B |
| Last Close Price | 5.60 | 5.22 | 15.48 | 27.07 | 17.33 | 17.75 |
| PE Ratio | 20.62 | 15.55 | 10.20 | 8.26 | ||
| Forward PE | 23.02 | 7.95 | 8.81 | 11.62 | 8.92 | 9.15 |
| PS Ratio | 0.17 | 0.16 | 0.48 | 0.85 | 0.53 | 0.72 |
| PB Ratio | 0.83 | 0.77 | 1.92 | 3.36 | 2.36 | 3.48 |
| P/TBV Ratio | 0.85 | 0.80 | 2.37 | 4.27 | 3.02 | 5.42 |
| P/FCF Ratio | 12.41 | 5.41 | 9.30 | |||
| P/OCF Ratio | 1.79 | 1.37 | 7.27 | 4.65 | 13.37 | 7.67 |
| PEG Ratio | 0.64 | 0.70 | 0.93 | 0.85 | 0.87 | |
| EV/Sales Ratio | 0.78 | 0.77 | 1.04 | 1.30 | 0.94 | 1.20 |
| EV/EBITDA Ratio | 6.90 | 5.97 | 6.80 | 7.55 | 6.34 | 7.56 |
| EV/EBIT Ratio | 19.96 | 13.73 | 12.05 | 11.53 | 9.74 | 13.15 |
| EV/FCF Ratio | 55.42 | 25.40 | 14.27 | |||
| Debt / Equity Ratio | 3.02 | 2.89 | 2.16 | 1.94 | 2.21 | 2.71 |
| Debt / EBITDA Ratio | 5.13 | 4.42 | 3.38 | 2.72 | 3.22 | 3.38 |
| Debt / FCF Ratio | 45.00 | 20.29 | 5.36 | |||
| Net Debt / Equity Ratio | 2.88 | 2.71 | 2.05 | 1.83 | 2.03 | 2.45 |
| Net Debt / EBITDA Ratio | 5.35 | 4.46 | 3.39 | 2.67 | 3.08 | 3.20 |
| Net Debt / FCF Ratio | 43.00 | 18.99 | -11.96 | 5.05 | -6.15 | -11.29 |
| Asset Turnover | 0.91 | 0.96 | 1.02 | 1.02 | 1.15 | 1.02 |
| Inventory Turnover | 5.30 | 5.10 | 5.02 | 5.11 | 6.23 | 6.25 |
| Quick Ratio | 0.53 | 0.49 | 0.54 | 0.68 | 0.82 | 0.91 |
| Current Ratio | 1.02 | 1.03 | 1.19 | 1.47 | 1.41 | 1.48 |
| Return on Equity (ROE) | -22.74% | -16.31% | 9.27% | 22.07% | 27.26% | 53.80% |
| Return on Assets (ROA) | 2.21% | 3.37% | 5.49% | 7.19% | 7.00% | 5.83% |
| Return on Invested Capital (ROIC) | 4.79% | 7.06% | 9.49% | 9.86% | 10.63% | 9.96% |
| Return on Capital Employed (ROCE) | 5.60% | 7.90% | 12.10% | 15.40% | 14.80% | 11.90% |
| Earnings Yield | -29.96% | -23.64% | 4.85% | 6.43% | 9.80% | 12.10% |
| FCF Yield | 8.06% | 18.48% | -8.93% | 10.75% | -14.02% | -6.24% |
| Dividend Yield | 1.44% | 1.57% | 0.50% | 0.29% | 0.45% | 0.11% |
| Payout Ratio | 10.86% | 4.73% | 4.71% | |||
| Buyback Yield / Dilution | 1.88% | 3.51% | 2.68% | 2.28% | -0.70% | 0.74% |
| Total Shareholder Return | 3.36% | 5.08% | 3.18% | 2.57% | -0.25% | 0.85% |