Oil-Dri Corporation of America (ODC) 10-Year Financial Performance & Capital Metrics

ODC • • Industrial / General

Basic MaterialsSpecialty ChemicalsActivated Carbon & Purification MaterialsActivated Carbon Producers

AboutOil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group; and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products that serve as chemical carriers, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names. It also offers animal health and nutrition products for the livestock industry under the Amlan, Calibrin, Varium, Neoprime, MD-09, and Pel-Unite and Pel-Unite Plus brand names; and bleaching clay and purification aid products for bleaching, purification, and filtration applications under the Pure-Flo, Perform, Select, and Ultra-Clear brand names. In addition, the company provides cat litter products, such as scoopable and non-clumping litters under the Cat's Pride and Jonny Cat brand names; industrial and automotive sorbent products from clay, polypropylene, and recycled materials that absorb oil, acid, paint, ink, water, and other liquids under the Oil-Dri brand name; and sports products for use on baseball, softball, football, and soccer fields under the Pro's Choice brand name. Its customers include mass merchandisers, wholesale clubs, drugstore chains, pet specialty retail outlets, dollar stores, retail grocery stores, distributors of industrial cleanup and automotive products, environmental service companies, and sports field product and sports turf material users; processors and refiners of edible oils, petroleum-based oils, and biodiesel fuel; manufacturers of animal feed and agricultural chemicals; distributors of animal health and nutrition products; and marketers of consumer products. Oil-Dri Corporation of America was founded in 1941 and is based in Chicago, Illinois.Show more

Revenue $486M +11.0%
EBITDA $90M +25.2%
Net Income $51M +38.0%
EPS (Diluted) 3.76 +36.5%
Gross Margin 29.47% +3.1%
EBITDA Margin 18.59% +12.8%
Operating Margin 14.05% +16.4%
Net Margin 10.59% +24.4%
ROE 21.9% +13.9%
ROIC 19.66% +10.3%
Debt/Equity 0.21 -36.6%
Interest Coverage 28.03 -4.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 23.4%
✓Strong Piotroski F-Score: 9/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 11.4%
✓Good 3Y average ROE of 19.4%
✓Share count reduced 4.5% through buybacks

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.39%

5Y11.38%

3Y11.68%

TTM5.29%

Profit (Net Income) CAGR

10Y16.44%

5Y23.43%

3Y108.48%

TTM20.11%

EPS CAGR

10Y16.81%

5Y23.23%

3Y105.73%

TTM20.55%

ROCE

10Y Avg11.33%

5Y Avg14.85%

3Y Avg20.67%

Latest22.35%

Peer Comparison

Activated Carbon Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ODCOil-Dri Corporation of America	557.58M	53.91	14.34	10.97%	10.73%	19.25%	8.54%	0.21
CNEYCN ENERGY GROUP INC.	2.65M	0.53	-0.01	-11.99%	-8.35%	-8.37%
NGVTIngevity Corporation	2.41B	66.93	-5.65	-16.88%	-5.14%	-47.72%	2.12%	7.45

Profit & Loss

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Sales/Revenue+	262.31M	262.31M	266M	277.02M	283.23M	304.98M	348.59M	413.02M	437.59M	485.57M
Revenue Growth %	0%	-0%	0.01%	0.04%	0.02%	0.08%	0.14%	0.18%	0.06%	0.11%
Cost of Goods Sold+	185.16M	188.59M	194.08M	211.37M	207.4M	239.74M	286.07M	309.79M	312.49M	342.49M
COGS % of Revenue	0.71%	0.72%	0.73%	0.76%	0.73%	0.79%	0.82%	0.75%	0.71%	0.71%
Gross Profit+	77.15M	73.71M	71.92M	65.66M	75.82M	65.24M	62.52M	103.23M	125.09M	143.08M
Gross Margin %	0.29%	0.28%	0.27%	0.24%	0.27%	0.21%	0.18%	0.25%	0.29%	0.29%
Gross Profit Growth %	0.28%	-0.04%	-0.02%	-0.09%	0.15%	-0.14%	-0.04%	0.65%	0.21%	0.14%
Operating Expenses+	61.74M	58.48M	56.05M	55.25M	65.29M	52.2M	52.05M	62.19M	72.28M	74.86M
OpEx % of Revenue	0.24%	0.22%	0.21%	0.2%	0.23%	0.17%	0.15%	0.15%	0.17%	0.15%
Selling, General & Admin	58.71M	55.27M	52.62M	52.05M	62.53M	49.67M	49.94M	60.99M	70.18M	72.46M
SG&A % of Revenue	0.22%	0.21%	0.2%	0.19%	0.22%	0.16%	0.14%	0.15%	0.16%	0.15%
Research & Development	3.02M	3.21M	3.43M	3.2M	2.77M	2.54M	2.11M	1.2M	2.1M	2.4M
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0%	0%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	15.41M	15.23M	15.88M	10.41M	10.53M	13.04M	10.46M	41.04M	52.82M	68.22M
Operating Margin %	0.06%	0.06%	0.06%	0.04%	0.04%	0.04%	0.03%	0.1%	0.12%	0.14%
Operating Income Growth %	0.01%	-0.01%	0.04%	-0.34%	0.01%	0.24%	-0.2%	2.92%	0.29%	0.29%
EBITDA+	27.61M	28M	28.63M	23.74M	24.45M	27.21M	23.94M	56.57M	72.1M	90.26M
EBITDA Margin %	0.11%	0.11%	0.11%	0.09%	0.09%	0.09%	0.07%	0.14%	0.16%	0.19%
EBITDA Growth %	0.01%	0.01%	0.02%	-0.17%	0.03%	0.11%	-0.12%	1.36%	0.27%	0.25%
D&A (Non-Cash Add-back)	12.19M	12.77M	12.76M	13.33M	13.92M	14.18M	13.47M	15.53M	19.28M	22.04M
EBIT	15.39M	15.43M	15.54M	15.14M	23.54M	14.09M	6.94M	36.14M	51.45M	68.64M
Net Interest Income+	-1.01M	-793K	-417K	-344K	-259K	-651K	-1.18M	-999K	-931K	-1.74M
Interest Income	29K	95K	259K	250K	259K	71K	45K	465K	873K	698K
Interest Expense	1.03M	888K	676K	594K	518K	722K	1.23M	1.46M	1.8M	2.43M
Other Income/Expense	-1.06M	-685K	-1.01M	4.14M	12.49M	332K	-4.76M	-6.36M	-3.17M	-2.01M
Pretax Income+	14.36M	14.54M	14.87M	14.55M	23.02M	13.37M	5.71M	34.68M	49.65M	66.21M
Pretax Margin %	0.05%	0.06%	0.06%	0.05%	0.08%	0.04%	0.02%	0.08%	0.11%	0.14%
Income Tax+	744K	3.75M	6.64M	1.93M	4.28M	2.39M	97K	5.2M	10.22M	12.21M
Effective Tax Rate %	0.93%	0.72%	0.54%	0.83%	0.78%	0.79%	0.99%	0.81%	0.75%	0.78%
Net Income+	13.3M	10.54M	8.05M	12.12M	17.95M	10.62M	5.67M	28.03M	37.26M	51.42M
Net Margin %	0.05%	0.04%	0.03%	0.04%	0.06%	0.03%	0.02%	0.07%	0.09%	0.11%
Net Income Growth %	0.19%	-0.21%	-0.24%	0.51%	0.48%	-0.41%	-0.47%	3.94%	0.33%	0.38%
Net Income (Continuing)	13.61M	10.79M	8.22M	12.62M	18.74M	10.98M	5.61M	29.48M	39.43M	54M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	-18K	-14K	-174K	-307K	-369K	0	0	0
EPS (Diluted)+	0.94	0.74	0.56	0.84	1.32	0.79	0.43	2.10	2.75	3.76
EPS Growth %	0.18%	-0.21%	-0.24%	0.5%	0.58%	-0.4%	-0.45%	3.85%	0.31%	0.37%
EPS (Basic)	1.02	0.80	0.61	0.91	1.35	0.81	0.44	2.23	2.93	3.99
Diluted Shares Outstanding	14.19M	14.32M	14.44M	14.5M	13.57M	13.46M	13.14M	16.51M	17.67M	16.88M
Basic Shares Outstanding	14.07M	14.2M	14.27M	13.33M	13.33M	13.17M	12.88M	12.59M	13.72M	12.88M
Dividend Payout Ratio	0.42%	0.56%	0.77%	0.55%	0.39%	0.68%	1.3%	0.27%	0.21%	0.16%

Balance Sheet

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Total Current Assets+	91.17M	97.02M	83.01M	89.28M	108.42M	101.94M	114.68M	136.51M	147.16M	177.38M
Cash & Short-Term Investments	28.81M	32.67M	19.88M	21.86M	40.89M	24.59M	16.3M	31.75M	24.48M	50.46M
Cash Only	18.63M	9.1M	12.76M	21.86M	40.89M	24.59M	16.3M	31.75M	24.48M	50.46M
Short-Term Investments	10.18M	23.58M	7.12M	0	0	0	0	0	0	0
Accounts Receivable	30.39M	32.75M	33.6M	35.46M	34.91M	40.92M	51.68M	59.29M	62.17M	69.37M
Days Sales Outstanding	42.28	45.57	46.11	46.72	44.99	48.98	54.12	52.39	51.86	52.14
Inventory	23.25M	22.61M	22.52M	24.16M	23.89M	23.6M	35.56M	42.61M	54.24M	51.59M
Days Inventory Outstanding	45.83	43.77	42.35	41.73	42.05	35.93	45.37	50.21	63.35	54.99
Other Current Assets	4.79M	5.09M	2.9M	3.08M	3.06M	6.74M	3.66M	2.85M	6.27M	5.96M
Total Non-Current Assets+	113.64M	115.56M	111.67M	115.95M	127.46M	125.62M	134.93M	149.73M	207.45M	214.29M
Property, Plant & Equipment	80.71M	84.03M	86.71M	90.8M	102.76M	104.56M	118.47M	130.26M	156.46M	149.7M
Fixed Asset Turnover	3.25x	3.12x	3.07x	3.05x	2.76x	2.92x	2.94x	3.17x	2.80x	3.24x
Goodwill	9.03M	9.03M	9.26M	9.26M	9.26M	9.26M	3.62M	3.62M	15.44M	16.02M
Intangible Assets	5.36M	4.41M	3.46M	3.09M	2.46M	2.21M	1.62M	1.42M	26.7M	24.97M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	5.9M	6.47M	4.89M	5.05M	5.67M	7.5M	7.55M	7.23M	7.31M	22.31M
Total Assets+	204.81M	212.57M	194.68M	205.23M	235.88M	227.57M	249.61M	286.24M	354.61M	391.68M
Asset Turnover	1.28x	1.23x	1.37x	1.35x	1.20x	1.34x	1.40x	1.44x	1.23x	1.24x
Asset Growth %	0.08%	0.04%	-0.08%	0.05%	0.15%	-0.04%	0.1%	0.15%	0.24%	0.1%
Total Current Liabilities+	30.74M	32.95M	30.95M	32.61M	46.21M	38.99M	48.52M	58.77M	66.68M	69.19M
Accounts Payable	6.63M	9.59M	6.54M	8.09M	12.53M	9.21M	13.4M	17.1M	15.01M	16.81M
Days Payables Outstanding	13.08	18.57	12.31	13.97	22.05	14.02	17.1	20.15	17.53	17.91
Short-Term Debt	3.08M	3.08M	3.08M	3.08M	3.17M	3.04M	3.18M	2.87M	5.56M	5.07M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	12.37M	12.36M	12.35M	14.69M	17M	15.94M	18.5M	19.74M	25.4M	26.78M
Current Ratio	2.97x	2.94x	2.68x	2.74x	2.35x	2.61x	2.36x	2.32x	2.21x	2.56x
Quick Ratio	2.21x	2.26x	1.95x	2.00x	1.83x	2.01x	1.63x	1.60x	1.39x	1.82x
Cash Conversion Cycle	75.03	70.77	76.16	74.47	64.99	70.89	82.39	82.45	97.68	89.22
Total Non-Current Liabilities+	58.52M	53.58M	31.85M	37.07M	41.71M	29.34M	50.75M	50.39M	77.34M	63.43M
Long-Term Debt	12.21M	9.16M	6.11M	3.05M	8.85M	7.88M	31.8M	30.83M	49.77M	38.82M
Capital Lease Obligations	0	0	0	0	9.13M	8.02M	9.75M	8.81M	15.39M	11.3M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	46.31M	44.42M	25.74M	34.02M	23.73M	13.44M	9.2M	10.75M	12.17M	13.32M
Total Liabilities	89.38M	86.54M	62.8M	69.68M	87.92M	68.33M	99.26M	109.16M	144.02M	132.62M
Total Debt+	15.3M	12.24M	9.19M	6.13M	21.15M	18.94M	44.73M	42.51M	70.72M	55.18M
Net Debt	-3.33M	3.15M	-3.57M	-15.73M	-19.74M	-5.66M	28.43M	10.76M	46.24M	4.73M
Debt / Equity	0.13x	0.10x	0.07x	0.05x	0.14x	0.12x	0.30x	0.24x	0.34x	0.21x
Debt / EBITDA	0.55x	0.44x	0.32x	0.26x	0.87x	0.70x	1.87x	0.75x	0.98x	0.61x
Net Debt / EBITDA	-0.12x	0.11x	-0.12x	-0.66x	-0.81x	-0.21x	1.19x	0.19x	0.64x	0.05x
Interest Coverage	14.89x	17.15x	23.49x	17.53x	20.33x	18.06x	8.52x	28.03x	29.28x	28.03x
Total Equity+	115.55M	126.04M	131.88M	135.55M	147.96M	159.23M	150.35M	177.08M	210.59M	259.06M
Equity Growth %	0.05%	0.09%	0.05%	0.03%	0.09%	0.08%	-0.06%	0.18%	0.19%	0.23%
Book Value per Share	8.14	8.80	9.13	9.35	10.91	11.83	11.44	10.73	11.92	15.35
Total Shareholders' Equity	115.55M	126.04M	131.9M	135.56M	148.14M	159.54M	150.72M	177.08M	210.59M	259.06M
Common Stock	1.05M	1.05M	1.06M	1.09M	1.09M	1.1M	1.11M	1.11M	1.14M	1.99M
Retained Earnings	149.94M	154.74M	158.94M	164.76M	176.58M	180.44M	178.75M	200.8M	232.25M	277.5M
Treasury Stock	-55.72M	-55.7M	-55.95M	-56.54M	-62.27M	-66.15M	-79.43M	-81.21M	-84.44M	-87.54M
Accumulated OCI	-14.02M	-10.29M	-10.62M	-15.04M	-12.25M	-4.12M	-2.18M	748K	769K	969K
Minority Interest	0	0	-18K	-14K	-174K	-307K	-369K	0	0	0

Cash Flow

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Cash from Operations+	25.17M	26.95M	10.61M	26.74M	42.46M	13.64M	9.84M	49.76M	60.31M	80.18M
Operating CF Margin %	0.1%	0.1%	0.04%	0.1%	0.15%	0.04%	0.03%	0.12%	0.14%	0.17%
Operating CF Growth %	-0.07%	0.07%	-0.61%	1.52%	0.59%	-0.68%	-0.28%	4.06%	0.21%	0.33%
Net Income	13.61M	10.79M	8.22M	12.62M	18.74M	10.98M	5.61M	29.48M	39.43M	54M
Depreciation & Amortization	12.19M	12.77M	12.76M	13.33M	13.92M	14.18M	13.47M	15.53M	19.28M	22.04M
Stock-Based Compensation	1.25M	1.51M	1.6M	2.41M	3.37M	2.53M	2.74M	3.15M	4.82M	5.37M
Deferred Taxes	-8.11M	2.41M	7.27M	-406K	453K	5.2M	-2.3M	-4.43M	1.7M	240K
Other Non-Cash Items	177K	-3.92M	-8.87M	-2M	-3.82M	-7.73M	5.2M	6.2M	372K	-1.03M
Working Capital Changes	6.06M	3.38M	-10.37M	798K	9.8M	-11.52M	-14.89M	-165K	-5.28M	-432K
Change in Receivables	942K	-2.33M	-522K	-1.73M	-12K	-5.96M	-10.65M	-7.9M	1.45M	-7.79M
Change in Inventory	-1.95M	666K	225K	-1.69M	213K	518K	-12.11M	-2.2M	-4.68M	2.34M
Change in Payables	-931K	2.42M	-2.44M	590K	4.24M	-2.41M	5M	3.24M	-2.79M	926K
Cash from Investing+	-18.41M	-28.04M	2.57M	-7.89M	-14.68M	-18.83M	-22.81M	-24.57M	-76.12M	-32.53M
Capital Expenditures	-10.68M	-14.76M	-15.07M	-15.03M	-14.74M	-18.84M	-22.83M	-24.37M	-32M	-32.56M
CapEx % of Revenue	0.04%	0.06%	0.06%	0.05%	0.05%	0.06%	0.07%	0.06%	0.07%	0.07%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-10.42M	-14.7M	1.79M	-15.02M	-142K	0	0	70K	182K	151K
Cash from Financing+	-8.44M	-8.55M	-9.34M	-9.89M	-8.75M	-11.32M	4.7M	-9.52M	8.33M	-21.74M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-5.6M	-5.93M	-6.23M	-6.66M	-7.03M	-7.19M	-7.38M	-7.43M	-7.81M	-8.39M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	194K	424K	0	0	142K	0	-114K	-7K	-90K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	14.49M	12.19M	-4.46M	11.71M	27.72M	-5.2M	-12.99M	25.4M	28.31M	47.62M
FCF Margin %	0.06%	0.05%	-0.02%	0.04%	0.1%	-0.02%	-0.04%	0.06%	0.06%	0.1%
FCF Growth %	0.3%	-0.16%	-1.37%	3.63%	1.37%	-1.19%	-1.5%	2.95%	0.11%	0.68%
FCF per Share	1.02	0.85	-0.31	0.81	2.04	-0.39	-0.99	1.54	1.60	2.82
FCF Conversion (FCF/Net Income)	1.89x	2.56x	1.32x	2.21x	2.37x	1.28x	1.73x	1.78x	1.62x	1.56x
Interest Paid	622K	484K	282K	0	273K	400K	767K	1.14M	1.09M	0
Taxes Paid	6.69M	3.18M	1.99M	0	2.32M	6.15M	178K	7.37M	10.01M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	11.76%	8.72%	6.24%	9.06%	12.66%	6.91%	3.67%	17.12%	19.22%	21.9%
Return on Invested Capital (ROIC)	10.44%	9.46%	9.25%	6.29%	6.37%	6.94%	4.72%	16.79%	17.82%	19.66%
Gross Margin	29.41%	28.1%	27.04%	23.7%	26.77%	21.39%	17.93%	24.99%	28.59%	29.47%
Net Margin	5.07%	4.02%	3.03%	4.38%	6.34%	3.48%	1.63%	6.79%	8.52%	10.59%
Debt / Equity	0.13x	0.10x	0.07x	0.05x	0.14x	0.12x	0.30x	0.24x	0.34x	0.21x
Interest Coverage	14.89x	17.15x	23.49x	17.53x	20.33x	18.06x	8.52x	28.03x	29.28x	28.03x
FCF Conversion	1.89x	2.56x	1.32x	2.21x	2.37x	1.28x	1.73x	1.78x	1.62x	1.56x
Revenue Growth	0.35%	-0%	1.41%	4.14%	2.24%	7.68%	14.3%	18.48%	5.95%	10.97%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Retail and Wholesale	165.87M	161.89M	160.96M	171.15M	178.97M	194.86M	235.21M	270.63M	287.12M	302.98M
Retail and Wholesale Growth	-	-2.40%	-0.58%	6.33%	4.57%	8.88%	20.71%	15.06%	6.09%	5.52%
Business to Business	96.44M	100.42M	105.04M	105.88M	104.26M	110.12M	113.38M	142.4M	150.47M	182.6M
Business to Business Growth	-	4.12%	4.60%	0.79%	-1.53%	5.62%	2.96%	25.59%	5.67%	21.35%

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Domestic Operations	251.05M	249.77M	254.16M	264.48M	268.01M	287.57M	328.7M	390.96M	416.6M	465.45M
Domestic Operations Growth	-	-0.51%	1.76%	4.06%	1.34%	7.30%	14.30%	18.94%	6.56%	11.73%
Foreign Operations	11.26M	12.54M	11.84M	12.55M	15.22M	17.41M	19.89M	22.06M	20.98M	20.12M
Foreign Operations Growth	-	11.33%	-5.53%	5.97%	21.28%	14.36%	14.29%	10.88%	-4.87%	-4.11%

Frequently Asked Questions

Valuation & Price

Oil-Dri Corporation of America (ODC) has a price-to-earnings (P/E) ratio of 14.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Oil-Dri Corporation of America (ODC) reported $478.1M in revenue for fiscal year 2025. This represents a 99% increase from $240.7M in 2012.

Oil-Dri Corporation of America (ODC) grew revenue by 11.0% over the past year. This is steady growth.

Yes, Oil-Dri Corporation of America (ODC) is profitable, generating $51.3M in net income for fiscal year 2025 (10.6% net margin).

Dividend & Returns

Yes, Oil-Dri Corporation of America (ODC) pays a dividend with a yield of 0.92%. This makes it attractive for income-focused investors.

Oil-Dri Corporation of America (ODC) has a return on equity (ROE) of 21.9%. This is excellent, indicating efficient use of shareholder capital.

Oil-Dri Corporation of America (ODC) generated $42.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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