OLN

MKT CAP:$3B

Olin Corporation

Market Cap

$3B

Basic Materials·Chemicals - Specialty·🇺🇸 United States·NYSE

Materials·Chemicals·🇺🇸·NYSE

Stock Price

$26.09+$4.54 (+21.07%)

Apr 17, 2026

Company Details

Olin 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 Vi...

CEO

Kenneth Todd Lane

IPO Date

Dec 30, 1987

Website

www.olin.com

Key Metrics TTM

Revenue

$7.0B

-28.9% YoY

Net Income

$226M

EPS (Diluted)

$1.59

Free Cash Flow

$863M

Revenue / Share

$61.32

Gross Margin

12.0%

Operating Margin

6.1%

Net Margin

3.2%

FCF Margin

12.4%

P/S

0.4x

P/E

13.4x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

Q4 2025

Feb 20, 2026

$1.7B-0.4%EPS -$0.75

Q4 2024

Feb 20, 2025

$1.7BEPS $0.09

FY 2023

Feb 22, 2024

$6.8B-27.1%EPS $3.57

Q3 2023

Oct 27, 2023

$1.7B-28.0%EPS $0.82

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 19	$1.4B	$117M	-$49M
Q1 20	$1.4B	$51M	-$48M
Q2 20	$1.2B	$6M	-$96M
Q3 20	$1.4B	$130M	-$684M
Q4 20	$1.7B	$197M	$80M
Q1 21	$1.9B	$493M	$381M
Q2 21	$2.2B	$509M	$395M
Q3 21	$2.3B	$660M	$549M
Q4 21	$2.4B	$630M	$526M
Q1 22	$2.5B	$654M	$547M
Q2 22	$2.6B	$665M	$565M
Q3 22	$2.3B	$481M	$394M
Q4 22	$2.0B	$382M	$274M
Q3 23	$1.7B	$269M	$166M
Q4 24	$1.7B	$158M	$47M
Q4 25	$1.7B	$31M	-$63M

Valuation

Quarter	P/S	P/E
Q4 19	0.5x	—
Q1 20	0.5x	—
Q2 20	0.5x	—
Q3 20	0.6x	—
Q4 20	0.5x	—
Q1 21	0.5x	—
Q2 21	0.4x	—
Q3 21	0.4x	3.2x
Q4 21	0.3x	2.3x
Q1 22	0.3x	2.1x
Q2 22	0.3x	2.0x
Q3 22	0.3x	2.1x
Q4 22	0.3x	2.3x
Q3 23	0.4x	2.9x
Q4 24	0.4x	4.8x
Q4 25	0.4x	13.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 19	$201M	$87M
Q1 20	-$48M	-$144M
Q2 20	$103M	$33M
Q3 20	$250M	$193M
Q4 20	$113M	$38M
Q1 21	$251M	$200M
Q2 21	$457M	$421M
Q3 21	$544M	$495M
Q4 21	$489M	$425M
Q1 22	$354M	$306M
Q2 22	$606M	$549M
Q3 22	$551M	$486M
Q4 22	$412M	$344M
Q3 23	$215M	$171M
Q4 24	$142M	$91M
Q4 25	$321M	$258M

Capital Expenditures

Quarter	CapEx
Q4 19	$114M
Q1 20	$96M
Q2 20	$71M
Q3 20	$57M
Q4 20	$76M
Q1 21	$51M
Q2 21	$35M
Q3 21	$49M
Q4 21	$65M
Q1 22	$47M
Q2 22	$57M
Q3 22	$65M
Q4 22	$69M
Q3 23	$44M
Q4 24	$51M
Q4 25	$63M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 19	-15.2%	-4.8%
Q1 20	-8.3%	+1.0%
Q2 20	-22.1%	-14.5%
Q3 20	-8.8%	+44.0%
Q4 20	+19.2%	+9.6%
Q1 21	+34.6%	+4.4%
Q2 21	+79.0%	+36.6%
Q3 21	+62.8%	-15.6%
Q4 21	+46.9%	+21.0%
Q1 22	+28.3%	+24.5%
Q2 22	+17.8%	+12.3%
Q3 22	-0.8%	+7.7%
Q4 22	-18.7%	-10.6%
Q3 23	-32.1%	-21.4%
Q4 24	-36.1%	-20.8%
Q4 25	-28.3%	-10.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 19	$2M	0.1%
Q1 20	$200.0K	0.0%
Q2 20	$4M	0.3%
Q3 20	$3M	0.2%
Q4 20	$0	0.0%
Q1 21	$2M	0.1%
Q2 21	-$700.0K	-0.0%
Q3 21	$4M	0.2%
Q4 21	$3M	0.1%
Q1 22	$3M	0.1%
Q2 22	$3M	0.1%
Q3 22	$4M	0.2%
Q4 22	$4M	0.2%
Q3 23	$4M	0.3%
Q4 24	$5M	0.3%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q4 19	$17M	$98M
Q1 20	—	$92M
Q2 20	—	$95M
Q3 20	—	$102M
Q4 20	$17M	$121M
Q1 21	—	$98M
Q2 21	—	$92M
Q3 21	—	$98M
Q4 21	$20M	$93M
Q1 22	—	$95M
Q2 22	—	$90M
Q3 22	—	$83M
Q4 22	$18M	$88M
Q3 23	—	$85M
Q4 24	$18M	$94M
Q4 25	—	$94M

Revenue Segments

Quarter	Chlor Alkali Products and Vinyls Segment	Epoxy Segment	Winchester Segment
Q4 19	$762M	$470M	$155M
Q1 20	$760M	$477M	$188M
Q2 20	$651M	$397M	$193M
Q3 20	$755M	$476M	$206M
Q4 20	$794M	$520M	$341M
Q1 21	$867M	$663M	$389M
Q2 21	$967M	$850M	$404M
Q3 21	$1.1B	$878M	$400M
Q4 21	$1.2B	$796M	$391M
Q1 22	$1.2B	$790M	$427M
Q2 22	$1.4B	$773M	$440M
Q3 22	$1.3B	$644M	$414M
Q4 22	$1.2B	$484M	$320M
Q3 23	$970M	$322M	$380M
Q4 24	$954M	$282M	$435M
Q4 25	$856M	$359M	$449M

Revenue by Geography

Quarter	Europe	Other foreign	United States
Q4 19	$220M	$366M	$801M
Q1 20	$227M	$331M	$867M
Q2 20	$170M	$320M	$751M
Q3 20	$191M	$306M	$941M
Q4 20	$210M	$306M	$1.1B
Q1 21	$353M	$465M	$1.1B
Q2 21	$450M	$431M	$1.3B
Q3 21	$464M	$528M	$1.3B
Q4 21	$414M	$538M	$1.5B
Q1 22	$432M	$565M	$1.5B
Q2 22	$454M	$562M	$1.6B
Q3 22	$369M	$504M	$1.4B
Q4 22	$293M	$475M	$1.2B
Q3 23	$163M	$399M	$1.1B
Q4 24	$187M	$358M	$1.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$198M	$0	$198M
Q2 22	$305M	$0	$305M
Q3 22	$164M	$0	$164M
Q4 22	$194M	$0	$194M
Q1 23	$176M	$0	$176M
Q2 23	$161M	$0	$161M
Q3 23	$158M	$0	$158M
Q4 23	$170M	$0	$170M
Q1 24	$151M	$0	$151M
Q2 24	$182M	$0	$182M
Q3 24	$226M	$0	$226M
Q4 24	$176M	$0	$176M
Q1 25	$174M	$0	$174M
Q2 25	$224M	$0	$224M
Q3 25	$140M	$0	$140M
Q4 25	$168M	$0	$168M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 19	158M	-2.8%	-5.4%
Q1 20	158M	-0.3%	-5.0%
Q2 20	158M	+0.1%	-4.1%
Q3 20	158M	0.0%	-3.0%
Q4 20	158M	0.0%	-0.2%
Q1 21	161M	+1.8%	+1.9%
Q2 21	164M	+1.9%	+3.7%
Q3 21	164M	+0.1%	+3.8%
Q4 21	163M	-0.9%	+2.9%
Q1 22	159M	-2.4%	-1.4%
Q2 22	153M	-3.7%	-6.7%
Q3 22	144M	-5.6%	-12.0%
Q4 22	138M	-4.6%	-15.3%
Q3 23	127M	-7.8%	-19.9%
Q4 24	120M	-5.9%	-21.8%
Q4 25	114M	-4.7%	-21.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 19	$213.4K	7K
Q1 20	$219.2K	7K
Q2 20	$191.0K	7K
Q3 20	$221.2K	7K
Q4 20	$206.8K	8K
Q1 21	$239.8K	8K
Q2 21	$277.7K	8K
Q3 21	$292.5K	8K
Q4 21	$313.6K	8K
Q1 22	$317.6K	8K
Q2 22	$337.6K	8K
Q3 22	$299.6K	8K
Q4 22	$254.1K	8K
Q3 23	$214.8K	8K
Q4 24	$217.7K	8K
Q4 25	$212.1K	8K

Revenue / Employee