NYSE : OLN
Olin Corporation — Financial statements
Materials · Chemicals · United States
Last price 17.6 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.01B
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Financial statements
Olin Corporation (OLN) reported revenue of 6.74B 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 | 6.74B | 6.78B | 6.54B | 6.83B | 9.38B | 8.91B |
| Cost of Revenue | 6.29B | 6.28B | 5.80B | 5.67B | 7.20B | 6.62B |
| Gross Profit | 450.00M | 500.50M | 737.50M | 1.16B | 2.18B | 2.29B |
| Selling, General & Admin | 425.60M | 367.70M | 382.50M | 382.70M | 355.20M | 381.20M |
| Other Operating Expenses | -700.00K | -500.00K | -800.00K | -300.00K | -3.30M | |
| Operating Expenses | 424.90M | 367.20M | 381.70M | 382.40M | 351.90M | 381.20M |
| Operating Income | 25.10M | 133.30M | 355.80M | 776.70M | 1.83B | 1.91B |
| Interest Expense | -181.10M | -188.30M | -184.50M | -181.10M | -143.90M | -348.00M |
| Interest & Investment Income | 4.40M | 4.40M | 3.70M | 4.30M | 2.20M | 200.00K |
| Earnings From Equity Investments | -4.00M | -3.10M | ||||
| EBT Excluding Unusual Items | -155.60M | -53.70M | 175.00M | 599.90M | 1.69B | 1.56B |
| Merger & Restructuring Charges | -64.70M | -33.40M | -33.30M | -89.60M | -25.30M | -27.90M |
| Gain (Loss) on Sale of Assets | 27.00M | 13.00M | 1.40M | |||
| Legal Settlements | -75.00M | -75.00M | ||||
| Pretax Income | -295.30M | -161.10M | 141.70M | 559.30M | 1.68B | 1.54B |
| Income Tax Expense | -70.20M | -60.00M | 36.70M | 107.30M | 349.10M | 242.00M |
| Earnings From Continuing Operations | -225.10M | -101.10M | 105.00M | 452.00M | 1.33B | 1.30B |
| Minority Interest in Earnings | -200.00K | 600.00K | 3.60M | 8.20M | ||
| Net Income | -225.30M | -100.50M | 108.60M | 460.20M | 1.33B | 1.30B |
| Net Income to Common | -225.30M | -100.50M | 108.60M | 460.20M | 1.33B | 1.30B |
| Shares Outstanding (Basic) | 113.85M | 114.60M | 117.80M | 125.90M | 144.90M | 159.10M |
| Shares Outstanding (Diluted) | 113.85M | 114.60M | 119.50M | 128.80M | 148.50M | 163.00M |
| EPS (Basic) | -1.98 | -0.88 | 0.92 | 3.66 | 9.16 | 8.15 |
| EPS (Diluted) | -1.98 | -0.88 | 0.91 | 3.57 | 8.94 | 7.96 |
| Free Cash Flow | 221.50M | 247.90M | 308.10M | 738.30M | 1.69B | 1.54B |
| Free Cash Flow Per Share | 1.95 | 2.16 | 2.58 | 5.73 | 11.35 | 9.45 |
| Dividend Per Share | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 |
| Gross Margin | 6.68% | 7.38% | 11.28% | 16.96% | 23.26% | 25.72% |
| Operating Margin | 0.37% | 1.97% | 5.44% | 11.37% | 19.51% | 21.44% |
| Profit Margin | -3.34% | -1.48% | 1.66% | 6.73% | 14.15% | 14.55% |
| Free Cash Flow Margin | 3.29% | 3.66% | 4.71% | 10.80% | 17.97% | 17.29% |
| EBITDA | 504.50M | 654.90M | 873.90M | 1.31B | 2.43B | 2.49B |
| EBITDA Margin | 7.49% | 9.66% | 13.36% | 19.17% | 25.89% | 27.98% |
| D&A For EBITDA | 479.40M | 521.60M | 518.10M | 533.40M | 598.80M | 582.50M |
| EBIT | 25.10M | 133.30M | 355.80M | 776.70M | 1.83B | 1.91B |
| EBIT Margin | 0.37% | 1.97% | 5.44% | 11.37% | 19.51% | 21.44% |
| Effective Tax Rate | 25.90% | 19.18% | 20.83% | 15.73% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 214.80M | 167.60M | 175.60M | 170.30M | 194.00M | 180.50M |
| Cash & Short-Term Investments | 214.80M | 167.60M | 175.60M | 170.30M | 194.00M | 180.50M |
| Accounts Receivable | 864.40M | 762.10M | 913.20M | 789.40M | 853.00M | 1.04B |
| Other Receivables | 159.50M | 149.00M | 106.10M | 100.60M | 114.80M | 65.60M |
| Receivables | 1.02B | 911.10M | 1.02B | 890.00M | 967.80M | 1.11B |
| Inventory | 862.20M | 784.50M | 823.50M | 858.80M | 941.90M | 868.30M |
| Other Current Assets | 97.90M | 107.90M | 61.40M | 54.10M | 52.70M | 92.70M |
| Total Current Assets | 2.20B | 1.97B | 2.08B | 1.97B | 2.16B | 2.25B |
| Property, Plant & Equipment | 2.43B | 2.50B | 2.63B | 2.86B | 3.03B | 3.29B |
| Long-Term Investments | 19.40M | 21.30M | 23.00M | |||
| Goodwill | 1.43B | 1.43B | 1.42B | 1.42B | 1.42B | 1.42B |
| Other Intangible Assets | 1.08B | 1.17B | 1.25B | 1.31B | 1.32B | 1.39B |
| Long-Term Deferred Tax Assets | 45.70M | 47.20M | 53.40M | 87.40M | 60.50M | 99.30M |
| Other Long-Term Assets | 201.50M | 192.70M | 114.80M | 56.70M | 54.50M | 70.00M |
| Total Assets | 7.41B | 7.33B | 7.58B | 7.71B | 8.04B | 8.52B |
| Accounts Payable | 889.80M | 806.10M | 861.60M | 775.40M | 837.70M | 847.70M |
| Accrued Expenses | 497.10M | 468.60M | 387.90M | 351.50M | 397.90M | 429.00M |
| Current Portion of Long-Term Debt | 109.70M | 129.00M | 78.80M | 8.70M | 200.00M | |
| Current Portion of Leases | 72.70M | 59.70M | 64.80M | 69.30M | 72.80M | 77.90M |
| Current Income Taxes Payable | 11.90M | 23.90M | 141.30M | 154.70M | 133.40M | 98.40M |
| Current Unearned Revenue | 38.60M | 23.20M | 34.50M | 41.10M | ||
| Other Current Liabilities | 40.30M | 122.90M | 24.40M | 64.00M | 69.80M | 29.10M |
| Total Current Liabilities | 1.51B | 1.63B | 1.63B | 1.53B | 1.56B | 1.68B |
| Long-Term Debt | 3.01B | 2.72B | 2.71B | 2.59B | 2.57B | 2.58B |
| Long-Term Leases | 315.10M | 252.50M | 243.20M | 283.10M | 293.40M | 303.90M |
| Long-Term Unearned Revenue | 300.00K | |||||
| Pension & Post-Retirement Benefits | 196.50M | 206.10M | 204.60M | 233.40M | 234.50M | 381.90M |
| Long-Term Deferred Tax Liabilities | 313.60M | 317.60M | 430.50M | 476.20M | 507.30M | 558.90M |
| Other Long-Term Liabilities | 336.50M | 331.90M | 300.00M | 332.40M | 333.90M | 362.40M |
| Total Liabilities | 5.69B | 5.46B | 5.52B | 5.44B | 5.50B | 5.87B |
| Common Stock | 114.00M | 113.60M | 115.70M | 120.20M | 132.30M | 156.80M |
| Additional Paid-In Capital | 17.60M | 24.80M | 682.70M | 1.97B | ||
| Retained Earnings | 1.99B | 2.14B | 2.36B | 2.58B | 2.22B | 1.01B |
| Comprehensive Income & Other | -402.50M | -414.50M | -450.10M | -496.30M | -495.90M | -488.00M |
| Total Common Equity | 1.72B | 1.84B | 2.02B | 2.23B | 2.54B | 2.65B |
| Minority Interest | 400.00K | 31.70M | 32.30M | 35.90M | ||
| Shareholders' Equity | 1.72B | 1.87B | 2.06B | 2.27B | 2.54B | 2.65B |
| Total Liabilities & Equity | 7.41B | 7.33B | 7.58B | 7.71B | 8.04B | 8.52B |
| Total Debt | 3.40B | 3.14B | 3.15B | 3.02B | 2.94B | 3.16B |
| Net Cash (Debt) | -3.19B | -2.97B | -2.97B | -2.85B | -2.75B | -2.98B |
| Net Cash Per Share | -27.99 | -25.93 | -24.89 | -22.14 | -18.53 | -18.27 |
| Filing Date Shares Outstanding | 114.01M | 113.64M | 115.42M | 120.20M | 131.62M | 156.08M |
| Total Common Shares Outstanding | 114.01M | 113.60M | 115.70M | 120.20M | 132.30M | 156.80M |
| Working Capital | 687.00M | 341.60M | 447.60M | 445.00M | 595.00M | 566.20M |
| Book Value Per Share | 15.08 | 16.19 | 17.49 | 18.57 | 19.23 | 16.91 |
| Tangible Book Value | -792.90M | -759.10M | -654.40M | -499.20M | -199.10M | -161.90M |
| Tangible Book Value Per Share | -6.95 | -6.68 | -5.66 | -4.15 | -1.50 | -1.03 |
| Land | 294.00M | 287.20M | 283.10M | 283.50M | 284.30M | |
| Buildings | 464.70M | 440.80M | 442.70M | 412.00M | 412.60M | |
| Machinery | 6.73B | 6.63B | 6.41B | 6.18B | 6.08B | |
| Construction In Progress | 211.00M | 154.30M | 201.20M | 202.10M | 204.80M | |
| Leasehold Improvements | 3.40M | 8.60M | 8.50M | 8.50M | 8.60M | |
| Order Backlog | 1.33B | 1.43B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -225.30M | -100.50M | 108.60M | 460.20M | 1.33B | 1.30B |
| Depreciation & Amortization | 479.40M | 521.60M | 518.10M | 533.40M | 598.80M | 582.50M |
| Loss (Gain) From Sale of Assets | -27.00M | -13.00M | -1.40M | |||
| Asset Writedown & Restructuring Costs | 4.10M | 4.10M | 17.70M | |||
| Loss (Gain) on Equity Investments | 4.00M | 3.10M | ||||
| Stock-Based Compensation | 21.90M | 20.70M | 17.10M | 18.60M | 14.10M | 8.30M |
| Other Operating Activities | -79.70M | -132.90M | -57.20M | -89.60M | -66.80M | 85.10M |
| Change in Accounts Receivable | 23.40M | 123.70M | -119.40M | 65.40M | 160.80M | -360.00M |
| Change in Inventory | 99.10M | 80.00M | 25.90M | 94.40M | -86.30M | -206.00M |
| Change in Accounts Payable | 61.90M | 128.00M | 72.80M | -133.90M | -22.30M | 240.10M |
| Change in Income Taxes | 19.80M | -179.80M | -1.60M | 45.80M | -2.90M | 105.10M |
| Change in Other Net Operating Assets | -17.70M | 6.20M | -61.10M | -10.70M | 12.60M | -9.40M |
| Operating Cash Flow | 390.90M | 474.20M | 503.20M | 974.30M | 1.92B | 1.74B |
| Capital Expenditures | -169.40M | -226.30M | -195.10M | -236.00M | -236.90M | -200.60M |
| Sale of Property, Plant & Equipment | 28.80M | 14.90M | 3.20M | |||
| Cash Acquisitions | -55.80M | -63.90M | ||||
| Sale (Purchase) of Intangibles | -31.00M | -31.00M | -58.60M | -64.50M | -37.70M | |
| Investment in Securities | -2.10M | -1.80M | -23.00M | |||
| Other Investing Activities | -1.20M | -4.70M | -7.00M | -5.20M | ||
| Investing Cash Flow | -203.70M | -319.60M | -283.70M | -340.80M | -259.70M | -197.40M |
| Long-Term Debt Issued | 2.75B | 1.08B | 707.70M | 415.00M | 540.00M | |
| Long-Term Debt Repaid | -2.77B | -912.20M | -621.80M | -616.10M | -1.64B | |
| Net Debt Issued (Repaid) | 18.30M | -11.20M | 169.70M | 85.90M | -201.10M | -1.10B |
| Issuance of Common Stock | 3.20M | 2.30M | 23.90M | 25.40M | 25.70M | 72.40M |
| Repurchase of Common Stock | -10.10M | -50.50M | -310.80M | -711.30M | -1.35B | -251.90M |
| Common Dividends Paid | -91.10M | -91.60M | -94.20M | -101.00M | -116.20M | -127.80M |
| Other Financing Activities | -33.40M | -12.00M | -1.20M | 44.10M | -4.40M | -141.60M |
| Financing Cash Flow | -113.10M | -163.00M | -212.60M | -656.90M | -1.65B | -1.55B |
| Foreign Exchange Rate Adjustments | 400.00K | 400.00K | -1.60M | -300.00K | -2.00M | -800.00K |
| Net Cash Flow | 74.50M | -8.00M | 5.30M | -23.70M | 13.50M | -9.20M |
| Free Cash Flow | 221.50M | 247.90M | 308.10M | 738.30M | 1.69B | 1.54B |
| Free Cash Flow Margin | 3.29% | 3.66% | 4.71% | 10.80% | 17.97% | 17.29% |
| Free Cash Flow Per Share | 1.95 | 2.16 | 2.58 | 5.73 | 11.35 | 9.45 |
| Levered Free Cash Flow | 411.80M | 373.02M | 345.56M | 692.65M | 1.58B | 1.18B |
| Unlevered Free Cash Flow | 524.99M | 490.71M | 460.88M | 805.84M | 1.67B | 1.40B |
| Cash Income Tax Paid | 3.40M | 167.10M | 105.70M | 111.70M | 356.60M | 169.60M |
| Change in Working Capital | 186.50M | 158.10M | -83.40M | 61.00M | 61.90M | -230.20M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.01B | 2.38B | 3.94B | 6.61B | 7.25B | 9.17B |
| Enterprise Value | 5.19B | 5.57B | 6.95B | 9.62B | 10.05B | 12.28B |
| Last Close Price | 17.60 | 20.29 | 31.77 | 49.87 | 48.21 | 51.63 |
| PE Ratio | 36.29 | 14.37 | 5.46 | 7.07 | ||
| Forward PE | 730.29 | 79.84 | 18.25 | 21.45 | 9.09 | 6.30 |
| PS Ratio | 0.30 | 0.35 | 0.60 | 0.97 | 0.77 | 1.03 |
| PB Ratio | 1.17 | 1.27 | 1.92 | 2.92 | 2.85 | 3.46 |
| P/FCF Ratio | 9.06 | 9.59 | 12.79 | 8.96 | 4.30 | 5.95 |
| P/OCF Ratio | 5.13 | 5.01 | 7.83 | 6.79 | 3.77 | 5.27 |
| PEG Ratio | 0.51 | 0.36 | 0.44 | 0.11 | 0.05 | |
| EV/Sales Ratio | 0.77 | 0.82 | 1.06 | 1.41 | 1.07 | 1.38 |
| EV/EBITDA Ratio | 10.29 | 8.51 | 7.96 | 7.34 | 4.14 | 4.92 |
| EV/EBIT Ratio | 206.88 | 41.80 | 19.54 | 12.39 | 5.49 | 6.43 |
| EV/FCF Ratio | 23.44 | 22.48 | 22.57 | 13.03 | 5.96 | 7.97 |
| Debt / Equity Ratio | 1.98 | 1.68 | 1.53 | 1.33 | 1.16 | 1.19 |
| Debt / EBITDA Ratio | 5.43 | 4.06 | 3.19 | 2.12 | 1.15 | 1.21 |
| Debt / FCF Ratio | 15.35 | 12.66 | 10.22 | 4.09 | 1.75 | 2.05 |
| Net Debt / Equity Ratio | 1.85 | 1.59 | 1.45 | 1.26 | 1.08 | 1.12 |
| Net Debt / EBITDA Ratio | 6.32 | 4.54 | 3.40 | 2.18 | 1.13 | 1.19 |
| Net Debt / FCF Ratio | 14.38 | 11.99 | 9.65 | 3.86 | 1.63 | 1.93 |
| Asset Turnover | 0.90 | 0.91 | 0.85 | 0.87 | 1.13 | 1.06 |
| Inventory Turnover | 6.88 | 7.81 | 6.90 | 6.30 | 7.95 | 8.58 |
| Quick Ratio | 0.82 | 0.66 | 0.73 | 0.69 | 0.74 | 0.77 |
| Current Ratio | 1.45 | 1.21 | 1.27 | 1.29 | 1.38 | 1.34 |
| Return on Equity (ROE) | -12.13% | -5.15% | 4.86% | 18.79% | 51.08% | 63.21% |
| Return on Assets (ROA) | 0.21% | 1.12% | 2.91% | 6.16% | 13.80% | 14.23% |
| Return on Invested Capital (ROIC) | 0.51% | 2.70% | 5.20% | 12.05% | 26.51% | 28.96% |
| Return on Capital Employed (ROCE) | 0.40% | 2.30% | 6.00% | 12.60% | 28.20% | 28.00% |
| Earnings Yield | -11.26% | -4.23% | 2.76% | 6.96% | 18.30% | 14.14% |
| FCF Yield | 11.04% | 10.43% | 7.82% | 11.17% | 23.24% | 16.80% |
| Dividend Yield | 4.54% | 3.82% | 2.35% | 1.45% | 1.46% | 1.37% |
| Payout Ratio | 86.74% | 21.95% | 8.76% | 9.86% | ||
| Buyback Yield / Dilution | 1.90% | 4.10% | 7.22% | 13.27% | 8.90% | -3.23% |
| Total Shareholder Return | 6.44% | 7.92% | 9.57% | 14.72% | 10.36% | -1.86% |