Chemicals - Specialty
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OLN vs WLK vs CE
Revenue, margins, valuation, and 5-year total return — side by side.
Chemicals - Specialty
Chemicals
OLN vs WLK vs CE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||
|---|---|---|---|
| Industry | Chemicals - Specialty | Chemicals - Specialty | Chemicals |
| Market Cap | $3.28B | $12.77B | $6.95B |
| Revenue (TTM) | $6.78B | $10.98B | $9.49B |
| Net Income (TTM) | $-43M | $-1.64B | $-1.02B |
| Gross Margin | 7.4% | 1.5% | 20.1% |
| Operating Margin | 0.2% | -15.5% | -7.4% |
| Forward P/E | — | 26.7x | 11.1x |
| Total Debt | $3.39B | $6.44B | $12.93B |
| Cash & Equiv. | $168M | $2.72B | $1.26B |
OLN vs WLK vs CE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Olin Corporation (OLN) | 100 | 239.4 | +139.4% |
| Westlake Corporation (WLK) | 100 | 209.1 | +109.1% |
| Celanese Corporation (CE) | 100 | 69.1 | -30.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: OLN vs WLK vs CE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
OLN carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth 3.7%, EPS growth -140.7%, 3Y rev CAGR -10.2%
- 3.7% revenue growth vs WLK's -8.0%
- -0.6% margin vs WLK's -14.9%
WLK is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 12 yrs, beta 1.06, yield 2.1%
- 138.6% 10Y total return vs OLN's 67.4%
- Lower volatility, beta 1.06, Low D/E 69.3%, current ratio 2.24x
CE is the clearest fit if your priority is value.
- Lower P/E (11.1x vs 26.7x)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 3.7% revenue growth vs WLK's -8.0% | |
| Value | Lower P/E (11.1x vs 26.7x) | |
| Quality / Margins | -0.6% margin vs WLK's -14.9% | |
| Stability / Safety | Beta 1.06 vs OLN's 1.47, lower leverage | |
| Dividends | 2.8% yield, 3-year raise streak, vs WLK's 2.1% | |
| Momentum (1Y) | +44.6% vs CE's +26.9% | |
| Efficiency (ROA) | -0.6% ROA vs WLK's -8.2%, ROIC 1.7% vs -9.0% |
OLN vs WLK vs CE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
OLN vs WLK vs CE — Financial Metrics
Side-by-side numbers across 3 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — OLN and CE each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
WLK is the larger business by revenue, generating $11.0B annually — 1.6x OLN's $6.8B. OLN is the more profitable business, keeping -0.6% of every revenue dollar as net income compared to WLK's -14.9%. On growth, OLN holds the edge at -0.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||
|---|---|---|---|
| RevenueTrailing 12 months | $6.8B | $11.0B | $9.5B |
| EBITDAEarnings before interest/tax | $538M | -$462M | $58M |
| Net IncomeAfter-tax profit | -$43M | -$1.6B | -$1.0B |
| Free Cash FlowCash after capex | $248M | -$508M | $944M |
| Gross MarginGross profit ÷ Revenue | +7.4% | +1.5% | +20.1% |
| Operating MarginEBIT ÷ Revenue | +0.2% | -15.5% | -7.4% |
| Net MarginNet income ÷ Revenue | -0.6% | -14.9% | -10.8% |
| FCF MarginFCF ÷ Revenue | +3.7% | -4.6% | +9.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | -0.4% | -6.8% | -2.2% |
| EPS Growth (YoY)Latest quarter vs prior year | -9.2% | -3.2% | +3.1% |
Valuation Metrics
OLN leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, OLN's 10.2x EV/EBITDA is more attractive than CE's 12.3x.
| Metric | |||
|---|---|---|---|
| Market CapShares × price | $3.3B | $12.8B | $7.0B |
| Enterprise ValueMkt cap + debt − cash | $6.5B | $16.5B | $18.6B |
| Trailing P/EPrice ÷ TTM EPS | -77.84x | -8.50x | -5.84x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 26.71x | 11.12x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — |
| EV / EBITDAEnterprise value multiple | 10.24x | — | 12.33x |
| Price / SalesMarket cap ÷ Revenue | 0.48x | 1.14x | 0.73x |
| Price / BookPrice ÷ Book value/share | 1.71x | 1.38x | 1.52x |
| Price / FCFMarket cap ÷ FCF | 13.23x | — | 8.66x |
Profitability & Efficiency
OLN leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
OLN delivers a -2.1% return on equity — every $100 of shareholder capital generates $-2 in annual profit, vs $-22 for CE. WLK carries lower financial leverage with a 0.69x debt-to-equity ratio, signaling a more conservative balance sheet compared to CE's 2.89x. On the Piotroski fundamental quality scale (0–9), OLN scores 5/9 vs WLK's 3/9, reflecting solid financial health.
| Metric | |||
|---|---|---|---|
| ROE (TTM)Return on equity | -2.1% | -16.8% | -21.5% |
| ROA (TTM)Return on assets | -0.6% | -8.2% | -4.6% |
| ROICReturn on invested capital | +1.7% | -9.0% | +3.4% |
| ROCEReturn on capital employed | +1.9% | -8.8% | +4.1% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 3 | 4 |
| Debt / EquityFinancial leverage | 1.76x | 0.69x | 2.89x |
| Net DebtTotal debt minus cash | $3.2B | $3.7B | $11.7B |
| Cash & Equiv.Liquid assets | $168M | $2.7B | $1.3B |
| Total DebtShort + long-term debt | $3.4B | $6.4B | $12.9B |
| Interest CoverageEBIT ÷ Interest expense | 0.62x | -24.17x | -0.57x |
Total Returns (Dividends Reinvested)
WLK leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in WLK five years ago would be worth $10,590 today (with dividends reinvested), compared to $4,276 for CE. Over the past 12 months, OLN leads with a +44.6% total return vs CE's +26.9%. The 3-year compound annual growth rate (CAGR) favors WLK at -3.7% vs OLN's -17.1% — a key indicator of consistent wealth creation.
| Metric | |||
|---|---|---|---|
| YTD ReturnYear-to-date | +34.6% | +35.2% | +47.5% |
| 1-Year ReturnPast 12 months | +44.6% | +29.2% | +26.9% |
| 3-Year ReturnCumulative with dividends | -43.0% | -10.8% | -37.3% |
| 5-Year ReturnCumulative with dividends | -29.4% | +5.9% | -57.2% |
| 10-Year ReturnCumulative with dividends | +67.4% | +138.6% | +16.9% |
| CAGR (3Y)Annualised 3-year return | -17.1% | -3.7% | -14.4% |
Risk & Volatility
Evenly matched — OLN and WLK each lead in 1 of 2 comparable metrics.
Risk & Volatility
WLK is the less volatile stock with a 1.06 beta — it tends to amplify market swings less than OLN's 1.47 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. OLN currently trades 94.5% from its 52-week high vs WLK's 80.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||
|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.47x | 1.06x | 1.11x |
| 52-Week HighHighest price in past year | $30.46 | $124.23 | $70.70 |
| 52-Week LowLowest price in past year | $18.08 | $56.33 | $35.13 |
| % of 52W HighCurrent price vs 52-week peak | +94.5% | +80.3% | +87.9% |
| RSI (14)Momentum oscillator 0–100 | 58.1 | 37.3 | 62.4 |
| Avg Volume (50D)Average daily shares traded | 2.7M | 1.2M | 2.4M |
Analyst Outlook
Evenly matched — OLN and WLK each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: OLN as "Hold", WLK as "Hold", CE as "Hold". Consensus price targets imply 5.3% upside for CE (target: $65) vs -15.5% for OLN (target: $24). For income investors, OLN offers the higher dividend yield at 2.78% vs CE's 0.19%.
| Metric | |||
|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold | Hold |
| Price TargetConsensus 12-month target | $24.33 | $101.88 | $65.40 |
| # AnalystsCovering analysts | 35 | 32 | 37 |
| Dividend YieldAnnual dividend ÷ price | +2.8% | +2.1% | +0.2% |
| Dividend StreakConsecutive years of raises | 3 | 12 | 0 |
| Dividend / ShareAnnual DPS | $0.80 | $2.11 | $0.12 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.5% | +0.5% | 0.0% |
OLN leads in 2 of 6 categories (Valuation Metrics, Profitability & Efficiency). WLK leads in 1 (Total Returns). 3 tied.
OLN vs WLK vs CE: Key Questions Answered
9 questions · data-driven answers · updated daily
01Is OLN or WLK or CE a better buy right now?
For growth investors, Olin Corporation (OLN) is the stronger pick with 3.
7% revenue growth year-over-year, versus -8. 0% for Westlake Corporation (WLK). Analysts rate Olin Corporation (OLN) a "Hold" — based on 35 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — OLN or WLK or CE?
Over the past 5 years, Westlake Corporation (WLK) delivered a total return of +5.
9%, compared to -57. 2% for Celanese Corporation (CE). Over 10 years, the gap is even starker: WLK returned +138. 6% versus CE's +16. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — OLN or WLK or CE?
By beta (market sensitivity over 5 years), Westlake Corporation (WLK) is the lower-risk stock at 1.
06β versus Olin Corporation's 1. 47β — meaning OLN is approximately 39% more volatile than WLK relative to the S&P 500. On balance sheet safety, Westlake Corporation (WLK) carries a lower debt/equity ratio of 69% versus 3% for Celanese Corporation — giving it more financial flexibility in a downturn.
04Which is growing faster — OLN or WLK or CE?
By revenue growth (latest reported year), Olin Corporation (OLN) is pulling ahead at 3.
7% versus -8. 0% for Westlake Corporation (WLK). On earnings-per-share growth, the picture is similar: Celanese Corporation grew EPS 23. 6% year-over-year, compared to -352. 8% for Westlake Corporation. Over a 3-year CAGR, CE leads at -0. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — OLN or WLK or CE?
Olin Corporation (OLN) is the more profitable company, earning -0.
6% net margin versus -13. 5% for Westlake Corporation — meaning it keeps -0. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CE leads at 8. 0% versus -14. 1% for WLK. At the gross margin level — before operating expenses — CE leads at 18. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is OLN or WLK or CE more undervalued right now?
On forward earnings alone, Celanese Corporation (CE) trades at 11.
1x forward P/E versus 26. 7x for Westlake Corporation — 15. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CE: 5. 3% to $65. 40.
07Which pays a better dividend — OLN or WLK or CE?
All stocks in this comparison pay dividends.
Olin Corporation (OLN) offers the highest yield at 2. 8%, versus 0. 2% for Celanese Corporation (CE).
08Is OLN or WLK or CE better for a retirement portfolio?
For long-horizon retirement investors, Westlake Corporation (WLK) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.
06), 2. 1% yield, +138. 6% 10Y return). Both have compounded well over 10 years (WLK: +138. 6%, CE: +16. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between OLN and WLK and CE?
Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
OLN, WLK pay a dividend while CE does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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