Chemicals - Specialty
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OLN vs EMN
Revenue, margins, valuation, and 5-year total return — side by side.
Chemicals - Specialty
OLN vs EMN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Chemicals - Specialty | Chemicals - Specialty |
| Market Cap | $3.28B | $8.66B |
| Revenue (TTM) | $6.78B | $8.64B |
| Net Income (TTM) | $-43M | $399M |
| Gross Margin | 7.4% | 19.8% |
| Operating Margin | 0.2% | 9.4% |
| Forward P/E | — | 12.8x |
| Total Debt | $3.39B | $5.08B |
| Cash & Equiv. | $168M | $566M |
OLN vs EMN — 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% |
| Eastman Chemical Co… (EMN) | 100 | 111.3 | +11.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: OLN vs EMN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
OLN is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 3.7%, EPS growth -140.7%, 3Y rev CAGR -10.2%
- 67.4% 10Y total return vs EMN's 36.1%
- 3.7% revenue growth vs EMN's -6.7%
EMN carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 12 yrs, beta 1.36, yield 4.4%
- Lower volatility, beta 1.36, Low D/E 84.1%, current ratio 1.37x
- Beta 1.36, yield 4.4%, current ratio 1.37x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 3.7% revenue growth vs EMN's -6.7% | |
| Value | Better valuation composite | |
| Quality / Margins | 4.6% margin vs OLN's -0.6% | |
| Stability / Safety | Beta 1.36 vs OLN's 1.47, lower leverage | |
| Dividends | 4.4% yield, 12-year raise streak, vs OLN's 2.8% | |
| Momentum (1Y) | +44.6% vs EMN's +3.9% | |
| Efficiency (ROA) | 2.6% ROA vs OLN's -0.6%, ROIC 6.7% vs 1.7% |
OLN vs EMN — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
OLN vs EMN — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
EMN leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
EMN and OLN operate at a comparable scale, with $8.6B and $6.8B in trailing revenue. EMN is the more profitable business, keeping 4.6% of every revenue dollar as net income compared to OLN's -0.6%. On growth, OLN holds the edge at -0.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $6.8B | $8.6B |
| EBITDAEarnings before interest/tax | $538M | $1.2B |
| Net IncomeAfter-tax profit | -$43M | $399M |
| Free Cash FlowCash after capex | $248M | $498M |
| Gross MarginGross profit ÷ Revenue | +7.4% | +19.8% |
| Operating MarginEBIT ÷ Revenue | +0.2% | +9.4% |
| Net MarginNet income ÷ Revenue | -0.6% | +4.6% |
| FCF MarginFCF ÷ Revenue | +3.7% | +5.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -0.4% | -4.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -9.2% | -40.8% |
Valuation Metrics
OLN leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, EMN's 9.1x EV/EBITDA is more attractive than OLN's 10.2x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $3.3B | $8.7B |
| Enterprise ValueMkt cap + debt − cash | $6.5B | $13.2B |
| Trailing P/EPrice ÷ TTM EPS | -77.84x | 18.47x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 12.85x |
| PEG RatioP/E ÷ EPS growth rate | — | 5.75x |
| EV / EBITDAEnterprise value multiple | 10.24x | 9.12x |
| Price / SalesMarket cap ÷ Revenue | 0.48x | 0.99x |
| Price / BookPrice ÷ Book value/share | 1.71x | 1.45x |
| Price / FCFMarket cap ÷ FCF | 13.23x | 20.43x |
Profitability & Efficiency
EMN leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
EMN delivers a 6.7% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $-2 for OLN. EMN carries lower financial leverage with a 0.84x debt-to-equity ratio, signaling a more conservative balance sheet compared to OLN's 1.76x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -2.1% | +6.7% |
| ROA (TTM)Return on assets | -0.6% | +2.6% |
| ROICReturn on invested capital | +1.7% | +6.7% |
| ROCEReturn on capital employed | +1.9% | +7.5% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 1.76x | 0.84x |
| Net DebtTotal debt minus cash | $3.2B | $4.5B |
| Cash & Equiv.Liquid assets | $168M | $566M |
| Total DebtShort + long-term debt | $3.4B | $5.1B |
| Interest CoverageEBIT ÷ Interest expense | 0.62x | 2.22x |
Total Returns (Dividends Reinvested)
Evenly matched — OLN and EMN each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in EMN five years ago would be worth $7,381 today (with dividends reinvested), compared to $7,064 for OLN. Over the past 12 months, OLN leads with a +44.6% total return vs EMN's +3.9%. The 3-year compound annual growth rate (CAGR) favors EMN at 1.9% vs OLN's -17.1% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +34.6% | +19.0% |
| 1-Year ReturnPast 12 months | +44.6% | +3.9% |
| 3-Year ReturnCumulative with dividends | -43.0% | +6.0% |
| 5-Year ReturnCumulative with dividends | -29.4% | -26.2% |
| 10-Year ReturnCumulative with dividends | +67.4% | +36.1% |
| CAGR (3Y)Annualised 3-year return | -17.1% | +1.9% |
Risk & Volatility
Evenly matched — OLN and EMN each lead in 1 of 2 comparable metrics.
Risk & Volatility
EMN is the less volatile stock with a 1.36 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 EMN's 90.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.47x | 1.36x |
| 52-Week HighHighest price in past year | $30.46 | $84.18 |
| 52-Week LowLowest price in past year | $18.08 | $56.11 |
| % of 52W HighCurrent price vs 52-week peak | +94.5% | +90.0% |
| RSI (14)Momentum oscillator 0–100 | 58.1 | 62.8 |
| Avg Volume (50D)Average daily shares traded | 2.7M | 1.5M |
Analyst Outlook
EMN leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates OLN as "Hold" and EMN as "Buy". Consensus price targets imply 2.0% upside for EMN (target: $77) vs -15.5% for OLN (target: $24). For income investors, EMN offers the higher dividend yield at 4.35% vs OLN's 2.78%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $24.33 | $77.29 |
| # AnalystsCovering analysts | 35 | 35 |
| Dividend YieldAnnual dividend ÷ price | +2.8% | +4.4% |
| Dividend StreakConsecutive years of raises | 3 | 12 |
| Dividend / ShareAnnual DPS | $0.80 | $3.30 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.5% | +1.2% |
EMN leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). OLN leads in 1 (Valuation Metrics). 2 tied.
OLN vs EMN: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is OLN or EMN a better buy right now?
For growth investors, Olin Corporation (OLN) is the stronger pick with 3.
7% revenue growth year-over-year, versus -6. 7% for Eastman Chemical Company (EMN). Eastman Chemical Company (EMN) offers the better valuation at 18. 5x trailing P/E (12. 8x forward), making it the more compelling value choice. Analysts rate Eastman Chemical Company (EMN) a "Buy" — 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 EMN?
Over the past 5 years, Eastman Chemical Company (EMN) delivered a total return of -26.
2%, compared to -29. 4% for Olin Corporation (OLN). Over 10 years, the gap is even starker: OLN returned +67. 4% versus EMN's +36. 1%. 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 EMN?
By beta (market sensitivity over 5 years), Eastman Chemical Company (EMN) is the lower-risk stock at 1.
36β versus Olin Corporation's 1. 47β — meaning OLN is approximately 9% more volatile than EMN relative to the S&P 500. On balance sheet safety, Eastman Chemical Company (EMN) carries a lower debt/equity ratio of 84% versus 176% for Olin Corporation — giving it more financial flexibility in a downturn.
04Which is growing faster — OLN or EMN?
By revenue growth (latest reported year), Olin Corporation (OLN) is pulling ahead at 3.
7% versus -6. 7% for Eastman Chemical Company (EMN). On earnings-per-share growth, the picture is similar: Eastman Chemical Company grew EPS -46. 5% year-over-year, compared to -140. 7% for Olin Corporation. Over a 3-year CAGR, EMN leads at -6. 0% 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 EMN?
Eastman Chemical Company (EMN) is the more profitable company, earning 5.
4% net margin versus -0. 6% for Olin Corporation — meaning it keeps 5. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EMN leads at 10. 6% versus 1. 7% for OLN. At the gross margin level — before operating expenses — EMN leads at 21. 1%, 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 EMN more undervalued right now?
Analyst consensus price targets imply the most upside for EMN: 2.
0% to $77. 29.
07Which pays a better dividend — OLN or EMN?
All stocks in this comparison pay dividends.
Eastman Chemical Company (EMN) offers the highest yield at 4. 4%, versus 2. 8% for Olin Corporation (OLN).
08Is OLN or EMN better for a retirement portfolio?
For long-horizon retirement investors, Eastman Chemical Company (EMN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (4.
4% yield). Both have compounded well over 10 years (EMN: +36. 1%, OLN: +67. 4%), 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 EMN?
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.
In terms of investment character: OLN is a small-cap quality compounder stock; EMN is a small-cap income-oriented stock. 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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