Olin Financials
This page shows Olin (OLN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Olin has an operating margin of 4.5%, meaning the company retains $5 of operating profit per $100 of revenue. This below-average margin results in a low score of 23/100, suggesting thin profitability after operating expenses. This is down from 10.4% the prior year.
Olin's revenue declined 4.3% year-over-year, from $6.8B to $6.5B. This contraction results in a growth score of 16/100.
Olin has a moderate D/E ratio of 1.34. This balance of debt and equity financing earns a leverage score of 61/100.
Olin's current ratio of 1.27 indicates adequate short-term liquidity, earning a score of 31/100. The company can meet its near-term obligations, though with limited headroom.
Olin's free cash flow margin of 4.7% results in a low score of 24/100. Capital expenditures of $195.1M absorb a large share of operating cash flow.
Olin generates a 5.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 21/100. This is down from 20.3% the prior year.
Olin scores 1.82, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Olin passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Olin generates $4.79 in operating cash flow ($503.2M OCF vs $105.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Olin earns $1.6 in operating income for every $1 of interest expense ($296.5M vs $184.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Olin generated $6.5B in revenue in fiscal year 2024. This represents a decrease of 4.3% from the prior year.
Olin's EBITDA was $814.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 34.6% from the prior year.
Olin generated $308.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 58.3% from the prior year.
Olin reported $105.0M in net income in fiscal year 2024. This represents a decrease of 76.8% from the prior year.
Olin earned $0.91 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 74.5% from the prior year.
Olin held $175.6M in cash against $2.7B in long-term debt as of fiscal year 2024.
Olin had 115M shares outstanding in fiscal year 2024. This represents a decrease of 4.0% from the prior year.
Olin's gross margin was 11.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 5.8 percentage points from the prior year.
Olin's operating margin was 4.5% in fiscal year 2024, reflecting core business profitability. This is down 5.9 percentage points from the prior year.
Olin's net profit margin was 1.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 5.0 percentage points from the prior year.
Olin's ROE was 5.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 15.1 percentage points from the prior year.
Olin spent $300.3M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 57.8% from the prior year.
Olin invested $195.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 17.3% from the prior year.
OLN Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B-2.6% | $1.8B+6.9% | $1.6B-1.6% | $1.7B+1.7% | $1.6B+0.5% | $1.6B+1.3% | $1.6B-3.4% | $1.7B |
| Cost of Revenue | $1.5B-5.6% | $1.6B+8.3% | $1.5B-1.2% | $1.5B+7.6% | $1.4B-1.5% | $1.4B-0.2% | $1.4B+2.0% | $1.4B |
| Gross Profit | $183.4M+32.8% | $138.1M-7.1% | $148.7M-5.8% | $157.9M-33.6% | $237.8M+14.7% | $207.3M+12.8% | $183.7M-31.7% | $269.1M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $98.1M+3.0% | $95.2M-5.7% | $101.0M+0.7% | $100.3M+6.0% | $94.6M-7.2% | $101.9M-0.9% | $102.8M+13.1% | $90.9M |
| Operating Income | $82.8M+134.6% | $35.3M-19.2% | $43.7M-7.6% | $47.3M-65.3% | $136.4M+40.2% | $97.3M-1.7% | $99.0M-40.4% | $166.0M |
| Interest Expense | $46.8M0.0% | $46.8M-3.5% | $48.5M+8.0% | $44.9M-3.6% | $46.6M+4.5% | $44.6M-5.5% | $47.2M+2.2% | $46.2M |
| Income Tax | -$2.2M+45.0% | -$4.0M-544.4% | $900K+1000.0% | -$100K-100.4% | $24.3M+94.4% | $12.5M+12.6% | $11.1M-50.0% | $22.2M |
| Net Income | $43.7M+1660.7% | -$2.8M-333.3% | $1.2M-88.1% | $10.1M-86.0% | $72.3M+51.3% | $47.8M-2.0% | $48.8M-53.3% | $104.5M |
| EPS (Diluted) | $0.37+3800.0% | $-0.01-200.0% | $0.01-90.0% | $0.10-83.9% | $0.62+55.0% | $0.40-13.0% | $0.46-43.9% | $0.82 |
OLN Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.6B-0.9% | $7.7B+0.2% | $7.7B+1.0% | $7.6B-1.1% | $7.7B+0.6% | $7.6B-1.3% | $7.7B-1.3% | $7.8B |
| Current Assets | $2.3B-1.0% | $2.3B+1.6% | $2.3B+8.2% | $2.1B+1.0% | $2.1B+5.5% | $2.0B-1.1% | $2.0B-6.1% | $2.1B |
| Cash & Equivalents | $140.3M-37.3% | $223.8M+28.6% | $174.0M-0.9% | $175.6M-3.6% | $182.1M+20.7% | $150.9M-11.4% | $170.3M+7.6% | $158.3M |
| Inventory | $966.9M+5.2% | $919.1M+5.0% | $875.2M+6.3% | $823.5M-5.7% | $872.9M+5.9% | $823.9M-4.1% | $858.8M-12.2% | $977.7M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.4B0.0% | $1.4B+0.1% | $1.4B0.0% | $1.4B0.0% | $1.4B0.0% | $1.4B0.0% | $1.4B+0.2% | $1.4B |
| Total Liabilities | $5.6B-1.3% | $5.7B+1.1% | $5.6B+1.7% | $5.5B+0.6% | $5.5B+1.6% | $5.4B-0.7% | $5.4B-0.1% | $5.4B |
| Current Liabilities | $1.5B-6.1% | $1.5B+7.4% | $1.4B-11.8% | $1.6B+13.4% | $1.4B+1.6% | $1.4B-7.3% | $1.5B+9.4% | $1.4B |
| Long-Term Debt | $3.0B-0.1% | $3.0B-1.3% | $3.0B+11.2% | $2.7B-2.7% | $2.8B+3.9% | $2.7B+3.6% | $2.6B-4.4% | $2.7B |
| Total Equity | $2.0B+0.3% | $2.0B-2.4% | $2.0B-0.8% | $2.0B-5.3% | $2.1B-1.7% | $2.2B-2.7% | $2.2B-4.1% | $2.3B |
| Retained Earnings | $2.3B+0.7% | $2.3B-1.2% | $2.3B-1.5% | $2.4B-5.4% | $2.5B-2.0% | $2.5B-1.6% | $2.6B+1.1% | $2.6B |
OLN Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $26.7M-87.4% | $212.3M+346.9% | -$86.0M-160.7% | $141.7M+56.4% | $90.6M+11.9% | $81.0M-80.6% | $416.6M+94.0% | $214.7M |
| Capital Expenditures | $71.1M+129.4% | $31.0M-49.5% | $61.4M+20.4% | $51.0M-9.7% | $56.5M+27.5% | $44.3M-29.7% | $63.0M+42.5% | $44.2M |
| Free Cash Flow | -$44.4M-124.5% | $181.3M+223.0% | -$147.4M-262.5% | $90.7M+166.0% | $34.1M-7.1% | $36.7M-89.6% | $353.6M+107.4% | $170.5M |
| Investing Cash Flow | -$73.3M+18.5% | -$89.9M-44.1% | -$62.4M+18.6% | -$76.7M-1.3% | -$75.7M-1.3% | -$74.7M+49.1% | -$146.8M-131.5% | -$63.4M |
| Financing Cash Flow | -$36.7M+49.9% | -$73.2M-149.9% | $146.6M+228.9% | -$113.7M-793.3% | $16.4M+164.8% | -$25.3M+90.2% | -$258.2M-68.1% | -$153.6M |
| Dividends Paid | $22.8M-0.9% | $23.0M0.0% | $23.0M-1.3% | $23.3M-1.7% | $23.7M-0.8% | $23.9M-2.0% | $24.4M-1.6% | $24.8M |
| Share Buybacks | $10.1M0.0% | $10.1M-50.0% | $20.2M-53.6% | $43.5M-59.0% | $106.0M+0.6% | $105.4M-9.3% | $116.2M-42.5% | $202.1M |
OLN Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.7%+2.9pp | 7.8%-1.2pp | 9.0%-0.4pp | 9.4%-5.0pp | 14.5%+1.8pp | 12.7%+1.3pp | 11.4%-4.7pp | 16.1% |
| Operating Margin | 4.8%+2.8pp | 2.0%-0.6pp | 2.7%-0.2pp | 2.8%-5.5pp | 8.3%+2.4pp | 5.9%-0.2pp | 6.1%-3.8pp | 9.9% |
| Net Margin | 2.5%+2.7pp | -0.2%-0.2pp | 0.1%-0.5pp | 0.6%-3.8pp | 4.4%+1.5pp | 2.9%-0.1pp | 3.0%-3.2pp | 6.3% |
| Return on Equity | 2.2% | N/A | 0.1%-0.4pp | 0.5%-2.9pp | 3.4%+1.2pp | 2.2%0.0pp | 2.2%-2.3pp | 4.5% |
| Return on Assets | 0.6%+0.6pp | -0.0%-0.1pp | 0.0%-0.1pp | 0.1%-0.8pp | 0.9%+0.3pp | 0.6%0.0pp | 0.6%-0.7pp | 1.3% |
| Current Ratio | 1.56+0.1 | 1.48-0.1 | 1.56+0.3 | 1.27-0.2 | 1.43+0.1 | 1.38+0.1 | 1.29-0.2 | 1.50 |
| Debt-to-Equity | 1.520.0 | 1.52+0.0 | 1.50+0.2 | 1.34+0.0 | 1.31+0.1 | 1.24+0.1 | 1.160.0 | 1.16 |
| FCF Margin | -2.6%-12.9pp | 10.3%+19.3pp | -9.0%-14.4pp | 5.4%+3.4pp | 2.1%-0.2pp | 2.2%-19.7pp | 21.9%+11.7pp | 10.2% |
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Frequently Asked Questions
What is Olin's annual revenue?
Olin (OLN) reported $6.5B in total revenue for fiscal year 2024. This represents a -4.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Olin's revenue growing?
Olin (OLN) revenue declined by 4.3% year-over-year, from $6.8B to $6.5B in fiscal year 2024.
Is Olin profitable?
Yes, Olin (OLN) reported a net income of $105.0M in fiscal year 2024, with a net profit margin of 1.6%.
What is Olin's earnings per share (EPS)?
Olin (OLN) reported diluted earnings per share of $0.91 for fiscal year 2024. This represents a -74.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Olin's EBITDA?
Olin (OLN) had EBITDA of $814.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Olin have?
As of fiscal year 2024, Olin (OLN) had $175.6M in cash and equivalents against $2.7B in long-term debt.
What is Olin's gross margin?
Olin (OLN) had a gross margin of 11.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Olin's operating margin?
Olin (OLN) had an operating margin of 4.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Olin's net profit margin?
Olin (OLN) had a net profit margin of 1.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Olin's return on equity (ROE)?
Olin (OLN) has a return on equity of 5.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Olin's free cash flow?
Olin (OLN) generated $308.1M in free cash flow during fiscal year 2024. This represents a -58.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Olin's operating cash flow?
Olin (OLN) generated $503.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Olin's total assets?
Olin (OLN) had $7.6B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Olin's capital expenditures?
Olin (OLN) invested $195.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Olin buy back shares?
Yes, Olin (OLN) spent $300.3M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Olin have outstanding?
Olin (OLN) had 115M shares outstanding as of fiscal year 2024.
What is Olin's current ratio?
Olin (OLN) had a current ratio of 1.27 as of fiscal year 2024, which is considered adequate.
What is Olin's debt-to-equity ratio?
Olin (OLN) had a debt-to-equity ratio of 1.34 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Olin's return on assets (ROA)?
Olin (OLN) had a return on assets of 1.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Olin's Altman Z-Score?
Olin (OLN) has an Altman Z-Score of 1.82, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Olin's Piotroski F-Score?
Olin (OLN) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Olin's earnings high quality?
Olin (OLN) has an earnings quality ratio of 4.79x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Olin cover its interest payments?
Olin (OLN) has an interest coverage ratio of 1.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Olin?
Olin (OLN) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.