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Olin Corporation (OLN) 10-Year Financial Performance & Capital Metrics

OLN • • Industrial / General
Basic MaterialsSpecialty ChemicalsIndustrial Gases & Atmospheric ChemicalsIndustrial Gas Producers
AboutOlin Corporation manufactures and distributes chemical products in the United States, Europe, and internationally. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, chlorinated organics intermediates and solvents, and sodium hypochlorite. The Epoxy segment provides epoxy materials and precursors, including aromatics, such as acetone, bisphenol, cumene, and phenol, as well as allyl chloride, epichlorohydrin, and glycerin used for the manufacturers of polymers, resins and other plastic materials, and water purification; liquid and solid epoxy resins that are used in adhesives, marines, protective coatings, composites, and flooring; and converted epoxy resins and additives for use in electrical laminates, paints and coatings, wind blades, electronics, and construction. The Winchester segment offers sporting ammunition products, including shotshells, small caliber centerfire, and rimfire ammunition products for hunters and recreational shooters, and law enforcement agencies; small caliber military ammunition products for use in infantry and mounted weapons; and industrial products comprising gauge loads and powder-actuated tool loads for maintenance applications in power and concrete industries, and powder-actuated tools in construction industry. The company markets its products through its sales force, as well as directly to various industrial customers, mass merchants, retailers, wholesalers, other distributors, and the U.S. Government and its prime contractors. Olin Corporation was incorporated in 1892 and is based in Clayton, Missouri.Show more
  • Revenue $6.54B -4.3%
  • EBITDA $815M -34.6%
  • Net Income $109M -76.4%
  • EPS (Diluted) 0.91 -74.5%
  • Gross Margin 11.28% -33.5%
  • EBITDA Margin 12.46% -31.7%
  • Operating Margin 4.53% -56.5%
  • Net Margin 1.66% -75.3%
  • ROE 5.02% -73.7%
  • ROIC 4.38% -57.3%
  • Debt/Equity 1.53 +15.0%
  • Interest Coverage 1.61 -59.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 25.1%
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy dividend yield of 3.4%
  • ✓Share count reduced 7.2% through buybacks
  • ✓Trading at only 1.4x book value

✗Weaknesses

  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.3%
5Y1.37%
3Y-9.8%
TTM4.68%

Profit (Net Income) CAGR

10Y0.27%
5Y-
3Y-56.25%
TTM-64.32%

EPS CAGR

10Y-3.72%
5Y-
3Y-51.47%
TTM-62.75%

ROCE

10Y Avg7.72%
5Y Avg11.92%
3Y Avg14.28%
Latest4.89%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
LINLinde plc207.15B443.6332.570.46%21.17%17.69%2.38%0.57
OLNOlin Corporation2.66B23.2725.57-4.29%0.79%2.7%11.6%1.53
HDSNHudson Technologies, Inc.315.21M7.3314.10-17.96%9.6%8.55%27.45%0.03
GUREGulf Resources, Inc.6.36M4.13-0.08-74.5%-195.77%-19.16%0.06
APDAir Products and Chemicals, Inc.59.44B267.04-150.87-0.52%-3.28%-2.27%1.06

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+2.85B5.55B6.27B6.95B6.11B5.76B8.91B9.38B6.83B6.54B
Revenue Growth %0.27%0.94%0.13%0.11%-0.12%-0.06%0.55%0.05%-0.27%-0.04%
Cost of Goods Sold+2.47B4.94B5.5B5.93B5.44B5.37B6.62B7.2B5.67B5.8B
COGS % of Revenue0.87%0.89%0.88%0.85%0.89%0.93%0.74%0.77%0.83%0.89%
Gross Profit+381.1M606.1M766.4M1.01B666M383.4M2.29B2.18B1.16B737.5M
Gross Margin %0.13%0.11%0.12%0.15%0.11%0.07%0.26%0.23%0.17%0.11%
Gross Profit Growth %-0.02%0.59%0.26%0.32%-0.34%-0.42%4.98%-0.05%-0.47%-0.36%
Operating Expenses+280.2M498.3M469.8M336.1M488.2M1.13B441.2M401.9M447M441M
OpEx % of Revenue0.1%0.09%0.07%0.05%0.08%0.2%0.05%0.04%0.07%0.07%
Selling, General & Admin187.2M302.4M335.4M408.9M400.6M403.1M381.2M355.2M382.7M382.5M
SG&A % of Revenue0.07%0.05%0.05%0.06%0.07%0.07%0.04%0.04%0.06%0.06%
Research & Development4.9M10.9M14.5M14.9M16.5M16.6M20.4M18.3M20M18.4M
R&D % of Revenue0%0%0%0%0%0%0%0%0%0%
Other Operating Expenses88.1M185M119.9M-87.7M71.1M710.4M39.6M28.4M44.3M40.1M
Operating Income+100.9M107.8M296.6M676.9M177.8M-746.7M1.85B1.78B712.1M296.5M
Operating Margin %0.04%0.02%0.05%0.1%0.03%-0.13%0.21%0.19%0.1%0.05%
Operating Income Growth %-0.5%0.07%1.75%1.28%-0.74%-5.2%3.48%-0.04%-0.6%-0.58%
EBITDA+329.8M641.3M855.5M1.28B775.2M-178.3M2.43B2.38B1.25B814.6M
EBITDA Margin %0.12%0.12%0.14%0.18%0.13%-0.03%0.27%0.25%0.18%0.12%
EBITDA Growth %-0.04%0.94%0.33%0.49%-0.39%-1.23%14.65%-0.02%-0.48%-0.35%
D&A (Non-Cash Add-back)228.9M533.5M558.9M601.4M597.4M568.4M582.5M598.8M533.4M518.1M
EBIT194.2M304M431.2M604.5M265.8M-19M1.91B1.83B776.7M355.8M
Net Interest Income+-95.9M-188.5M-215.6M-241.6M-242.2M-292.2M-347.8M-141.7M-176.8M-180.8M
Interest Income1.1M3.4M1.8M1.6M1M500K200K2.2M4.3M3.7M
Interest Expense97M191.9M217.4M243.2M243.2M292.7M348M143.9M181.1M184.5M
Other Income/Expense-94.2M-142M-179.4M-239.6M-214.7M-273.3M-312.1M-103M-152.8M-154.8M
Pretax Income+6.7M-34.2M117.2M437.3M-36.9M-1.02B1.54B1.68B559.3M141.7M
Pretax Margin %0%-0.01%0.02%0.06%-0.01%-0.18%0.17%0.18%0.08%0.02%
Income Tax+8.1M-30.3M-432.3M109.4M-25.6M-50.1M242M349.1M107.3M36.7M
Effective Tax Rate %-0.21%0.11%4.69%0.75%0.31%0.95%0.84%0.79%0.82%0.77%
Net Income+-1.4M-3.9M549.5M327.9M-11.3M-969.9M1.3B1.33B460.2M108.6M
Net Margin %-0%-0%0.09%0.05%-0%-0.17%0.15%0.14%0.07%0.02%
Net Income Growth %-1.01%-1.79%141.9%-0.4%-1.03%-84.83%2.34%0.02%-0.65%-0.76%
Net Income (Continuing)-1.4M-3.9M549.5M327.9M-11.3M-969.9M1.3B1.33B452M105M
Discontinued Operations0000000000
Minority Interest0000000035.9M32.3M
EPS (Diluted)+0.02-0.023.261.95-0.07-6.147.968.943.570.91
EPS Growth %-0.98%-2.18%139.14%-0.4%-1.04%-87.22%2.3%0.12%-0.6%-0.75%
EPS (Basic)0.02-0.023.311.97-0.07-6.148.159.163.660.92
Diluted Shares Outstanding104.3M165.2M168.5M168.4M162.3M157.9M163M148.5M128.8M119.5M
Basic Shares Outstanding103.4M165.2M166.2M166.8M161.43M157.9M159.1M144.9M125.9M117.8M
Dividend Payout Ratio--0.24%0.41%--0.1%0.09%0.22%0.87%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.92B1.55B1.7B1.71B1.71B1.72B2.25B2.16B1.97B2.08B
Cash & Short-Term Investments392M184.5M218.4M178.8M220.9M189.7M180.5M194M170.3M175.6M
Cash Only392M184.5M218.4M178.8M220.9M189.7M180.5M194M170.3M175.6M
Short-Term Investments0000000000
Accounts Receivable816.3M700.5M750.1M782.2M774.3M786M1.11B967.8M890M1.02B
Days Sales Outstanding104.3846.0643.6841.146.2649.8245.3437.6747.5456.89
Inventory685.2M630.4M682.6M711.4M695.7M674.7M868.3M941.9M858.8M823.5M
Days Inventory Outstanding101.1246.5445.2843.7646.6445.8247.8847.7855.2551.8
Other Current Assets39.9M30.8M48.1M35M23.1M66.7M92.7M52.7M54.1M61.4M
Total Non-Current Assets+7.4B7.22B7.52B7.29B7.47B6.55B6.27B5.89B5.74B5.5B
Property, Plant & Equipment3.95B3.7B3.58B3.48B3.7B3.53B3.29B3.03B2.86B2.63B
Fixed Asset Turnover0.72x1.50x1.75x1.99x1.65x1.63x2.71x3.09x2.39x2.49x
Goodwill2.17B2.12B2.12B2.12B2.12B1.42B1.42B1.42B1.42B1.42B
Intangible Assets677.5M629.6M578.5M511.6M1.56B1.52B1.39B273.8M245.8M206.6M
Long-Term Investments25M26.7M28.5M8.8M700K7.2M7.9M0023M
Other Non-Current Assets470.5M617.7M1.18B1.14B55.8M61.2M62.1M1.1B1.12B1.16B
Total Assets+9.32B8.76B9.22B9B9.19B8.27B8.52B8.04B7.71B7.58B
Asset Turnover0.31x0.63x0.68x0.77x0.67x0.70x1.05x1.17x0.89x0.86x
Asset Growth %2.45%-0.06%0.05%-0.02%0.02%-0.1%0.03%-0.06%-0.04%-0.02%
Total Current Liabilities+1.14B922.4M954.3M1.12B1.08B1.2B1.68B1.56B1.53B1.63B
Accounts Payable608.2M570.8M669.8M636.5M651.9M729.2M847.7M837.7M775.4M861.6M
Days Payables Outstanding89.7642.1444.4339.1643.7149.5246.7542.4949.8854.2
Short-Term Debt205M80.5M700K125.9M81.4M101M277.9M9.7M78.8M129M
Deferred Revenue (Current)-1000K0000001000K1000K1000K
Other Current Liabilities102.4M20.1M27M44M211.4M216.7M239.8M246.3M434.7M119.1M
Current Ratio1.68x1.68x1.78x1.53x1.58x1.43x1.34x1.38x1.29x1.27x
Quick Ratio1.08x0.99x1.07x0.89x0.94x0.87x0.82x0.78x0.73x0.77x
Cash Conversion Cycle115.7550.4644.5345.7149.1946.1246.4742.9652.9154.49
Total Non-Current Liabilities+5.75B5.57B5.51B5.05B5.69B5.62B4.18B3.94B3.92B3.89B
Long-Term Debt3.64B3.56B3.61B3.1B3.34B3.83B2.58B2.57B2.59B2.71B
Capital Lease Obligations4.6M3.9M00306.6M294.6M303.9M292.5M283.1M243.2M
Deferred Tax Liabilities1.1B1.03B511.2M0454.5M443.2M558.9M507.3M476.2M430.5M
Other Non-Current Liabilities984.9M997.4M1.39B1.42B1.59B1.05B744.3M568.4M566.1M504.6M
Total Liabilities6.9B6.49B6.46B6.17B6.77B6.82B5.87B5.5B5.44B5.52B
Total Debt+3.88B3.62B3.61B3.23B3.72B4.23B3.16B2.94B3.02B3.15B
Net Debt3.49B3.43B3.39B3.05B3.5B4.04B2.98B2.75B2.85B2.97B
Debt / Equity1.60x1.59x1.31x1.14x1.54x2.92x1.19x1.16x1.33x1.53x
Debt / EBITDA11.77x5.64x4.22x2.53x4.80x-1.30x1.24x2.43x3.87x
Net Debt / EBITDA10.58x5.35x3.97x2.39x4.52x-1.22x1.16x2.29x3.65x
Interest Coverage1.04x0.56x1.36x2.78x0.73x-2.55x5.32x12.36x3.93x1.61x
Total Equity+2.42B2.27B2.75B2.83B2.42B1.45B2.65B2.54B2.27B2.06B
Equity Growth %1.39%-0.06%0.21%0.03%-0.15%-0.4%0.83%-0.04%-0.11%-0.09%
Book Value per Share23.2313.7516.3416.8214.909.1916.2717.1317.6117.20
Total Shareholders' Equity2.42B2.27B2.75B2.83B2.42B1.45B2.65B2.54B2.23B2.02B
Common Stock165.1M165.4M167.1M165.3M157.7M158M156.8M132.3M120.2M115.7M
Retained Earnings513.2M373.8M790.3M1.07B941.1M-155.1M1.01B2.22B2.58B2.36B
Treasury Stock0000000000
Accumulated OCI-492M-511.5M-484.6M-651M-803.4M-689.9M-488M-495.9M-496.3M-450.1M
Minority Interest0000000035.9M32.3M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+216.6M603.2M648.8M907.8M617.3M433M1.74B1.92B974.3M503.2M
Operating CF Margin %0.08%0.11%0.1%0.13%0.1%0.08%0.2%0.2%0.14%0.08%
Operating CF Growth %0.36%1.78%0.08%0.4%-0.32%-0.3%3.02%0.1%-0.49%-0.48%
Net Income2M-3.9M549.5M327.9M-11.3M-969.9M1.3B1.33B460.2M105M
Depreciation & Amortization228.9M533.5M558.9M601.4M597.4M568.4M582.5M598.8M533.4M518.1M
Stock-Based Compensation7.6M7.5M9.1M12M10.7M13.6M8.3M23.1M18.6M17.1M
Deferred Taxes5.7M-32.7M-452.7M35.6M-45.5M-18.4M-42.7M-32.4M-55.6M-33.7M
Other Non-Cash Items-54.2M34.3M-25.7M800K25.8M709.3M126.4M-47.4M-39.6M-19.9M
Working Capital Changes26.6M64.5M9.7M-69.9M40.2M130M-230.2M61.9M57.3M-83.4M
Change in Receivables-115.1M38.5M-49.9M-46.3M12.3M-300K-360M160.8M65.4M-119.4M
Change in Inventory-1.7M23.9M-37.8M-35.5M13M28.6M-206M-86.3M94.4M25.9M
Change in Payables185.1M-13.1M100M-14.5M-11M0240.1M-22.3M-133.9M72.8M
Cash from Investing+-503.5M-473.5M-498.5M-382.3M-365.6M-835.7M-197.4M-259.7M-340.8M-283.7M
Capital Expenditures-130.9M-278M-294.3M-385.2M-385.6M-298.9M-200.6M-236.9M-236M-195.1M
CapEx % of Revenue0.05%0.05%0.05%0.06%0.06%0.05%0.02%0.03%0.03%0.03%
Acquisitions----------
Investments----------
Other Investing26.7M-175.7M-204.2M2.9M20M-536.8M3.2M-37.7M-40.9M-88.6M
Cash from Financing+422.2M-337.5M-116.8M-564.8M-209.3M371M-1.55B-1.65B-656.9M-212.6M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-79.5M-132.1M-133M-133.6M-129.3M-126.3M-127.8M-116.2M-101M-94.2M
Share Repurchases----------
Other Financing-42.6M-100K18.6M-5.1M-14.9M-23M-69.2M21.3M69.5M12.2M
Net Change in Cash----------
Free Cash Flow+85.7M325.2M354.5M522.6M231.7M134.1M1.54B1.69B738.3M308.1M
FCF Margin %0.03%0.06%0.06%0.08%0.04%0.02%0.17%0.18%0.11%0.05%
FCF Growth %-0.02%2.79%0.09%0.47%-0.56%-0.42%10.49%0.09%-0.56%-0.58%
FCF per Share0.821.972.103.101.430.859.4511.355.732.58
FCF Conversion (FCF/Net Income)-154.71x-154.67x1.18x2.77x-54.63x-0.45x1.34x1.45x2.12x4.63x
Interest Paid00200.9M208.8M198.3M286.4M345.2M141.7M176.8M180.9M
Taxes Paid-5.3M018M52.9M36.3M0169.6M356.6M111.7M105.7M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-0.08%-0.17%21.87%11.74%-0.43%-50.15%63.21%51.08%19.13%5.02%
Return on Invested Capital (ROIC)2.06%1.39%3.75%8.44%2.26%-9.82%24.96%24.43%10.26%4.38%
Gross Margin13.35%10.92%12.23%14.58%10.9%6.66%25.72%23.26%16.96%11.28%
Net Margin-0.05%-0.07%8.77%4.72%-0.18%-16.84%14.55%14.15%6.73%1.66%
Debt / Equity1.60x1.59x1.31x1.14x1.54x2.92x1.19x1.16x1.33x1.53x
Interest Coverage1.04x0.56x1.36x2.78x0.73x-2.55x5.32x12.36x3.93x1.61x
FCF Conversion-154.71x-154.67x1.18x2.77x-54.63x-0.45x1.34x1.45x2.12x4.63x
Revenue Growth27.36%94.46%12.93%10.81%-12.04%-5.76%54.75%5.23%-27.12%-4.29%

Revenue by Segment

2015201620172018201920202021202220232024
Chlor Alkali Products and Vinyls373M1.72B2.05B3.99B3.42B2.96B4.14B5.08B4B3.63B
Chlor Alkali Products and Vinyls Growth-359.97%19.76%94.03%-14.21%-13.46%39.90%22.80%-21.43%-9.13%
Winchester711.4M729.3M681.2M656.3M665.5M927.6M1.58B1.6B1.51B1.68B
Winchester Growth-2.52%-6.60%-3.66%1.40%39.38%70.74%1.07%-5.75%11.59%
Epoxy429.6M1.82B2.09B2.3B2.02B1.87B3.19B2.69B1.33B1.23B
Epoxy Growth-324.12%14.51%10.39%-12.10%-7.60%70.33%-15.55%-50.60%-7.74%

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES2.21B3.36B3.56B3.94B3.6B3.7B5.27B5.72B4.6B4.66B
UNITED STATES Growth-51.99%6.07%10.79%-8.74%2.71%42.49%8.62%-19.62%1.26%
Other foreign---1.82B1.52B1.26B1.96B2.11B1.63B1.29B
Other foreign Growth-----16.38%-16.93%55.37%7.37%-22.62%-20.83%
Europe---1.18B990.4M798.1M1.68B1.55B603.7M592.3M
Europe Growth-----16.34%-19.42%110.60%-7.91%-61.00%-1.89%
Foreign645.9M2.19B2.71B-------
Foreign Growth-239.65%23.44%-------

Frequently Asked Questions

Valuation & Price

Olin Corporation (OLN) has a price-to-earnings (P/E) ratio of 25.6x. This suggests investors expect higher future growth.

Growth & Financials

Olin Corporation (OLN) reported $6.79B in revenue for fiscal year 2024. This represents a 246% increase from $1.96B in 2011.

Olin Corporation (OLN) saw revenue decline by 4.3% over the past year.

Yes, Olin Corporation (OLN) is profitable, generating $53.8M in net income for fiscal year 2024 (1.7% net margin).

Dividend & Returns

Yes, Olin Corporation (OLN) pays a dividend with a yield of 3.39%. This makes it attractive for income-focused investors.

Olin Corporation (OLN) has a return on equity (ROE) of 5.0%. This is below average, suggesting room for improvement.

Olin Corporation (OLN) generated $80.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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