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Olin Corp (OLN) stock

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NYSE: OLN NYSE Commodity Chemicals Next results ~January 28, 2027

C+ Fundamentals grade

Olin Corp is a US-listed company in the commodity chemicals industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$59

Cash-flow model

Base case. Range ~$38–$88 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 235% above it.

Price used: $17.75, November 3, 2026

Olin Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Olin files

10-Q filed October 30: Olin

Model value −4.5%

Revenue for the twelve months to September 2026 was $6.74bn, down 0.7% on a year earlier, against growth of 0.6% a quarter earlier. Free-cash-flow margin rose to 3.3% from 1.2% a year earlier. Operating margin narrowed to -1.9% from 3.1%. The diluted share count is down 2.4% on a year earlier, which lifts each remaining share. Its fundamentals grade moves from D to C+. Our model value falls from $61.73 to $58.93 a share, against a share price of $17.60. The rating stays Buy.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Olin stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $6.70bn, up 0.6% on a year earlier, slower than 2.6% a quarter earlier. That puts it 808 of 931 for growth among all the companies we cover. Free-cash-flow margin fell to 1.5% from 4.1% a year earlier. Operating margin narrowed to -1.6% from 2.1%. The diluted share count is down 2.7% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 7 financial-health checks. Our cash-flow model value is $37.12 a share, against a share price of $15.12. At that price, our model says the market is pricing in cash flow shrinking about 5.5% a year for five years, close to the -5.5% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 28, 2027 (estimated)

Olin Corp's trailing-twelve-month revenue fell 0.7% year on year, with a free-cash-flow margin of 3.3%. Where it stands out: change in share count of -2.4% ranks 2 of 12 commodity chemicals companies we cover.

Our discounted-cash-flow model values the business at ~$59 per share in the base case (~$38–$88 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 46% in the quarter to 2026-09-30, the 2nd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $18.15 is 228% below our value per share of $59.
  • Shrinking share count. Diluted shares fell 2.4% in a year, so each share owns more of the business.

Things to watch

  • Revenue shrinking. Revenue fell 0.7% over the last 12 months.
  • Loss-making. Operating margin is -1.9%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 5.0 points on a year ago.
  • Volatile shares. Over the past year the shares showed annualised volatility of 52% and a beta of 0.3 against the S&P 500.
  • Gross margin slipping. Gross margin is down 2.6 points on a year ago.
  • Below peers: change in growth rate. Change in growth rate of -1.3pp ranks 10 of 13 commodity chemicals companies we cover (median +3.6pp).

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$0.24 against an average estimate of $0.16: beat by 46.2%
Revenue
$1.75bn, up 2.0% on a year earlier
Share reaction
+6.9% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Guidance given
adjusted EBITDA $160m to $200m (third quarter 2026)
Next report
January 28, 2027; average EPS estimate -$0.07

Olin's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.2%
  • 1 week+7.2%
  • 1 month+11.7%
  • This year-10.5%
  • 1 year-8.2%
  • 5 years-67.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$6.7B
Operating margin
-1.9%
Net margin
-3.3%
EPS (TTM, diluted)
$-1.98

Growth

Revenue growth
−0.7%
Change in growth rate
−1.3 pts
Share count change
−2.4%

Cash

Free cash flow (TTM)
$222M
FCF margin
3.3%
Stock pay % of revenue
0.4%

Earnings

Last results
October 29, 2026
Next results (est.)
January 28, 2027

News & updates

Updated November 1, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Results
  3. Agreement
  4. Shareholder vote
  5. Announcement
  6. Announcement
  7. Results
  8. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Olin Corp valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 8.9% a year for five years.That is close to the -5.4% a year revenue growth Olin has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in-8.9%
  • Last 12 months-0.7%
  • 3 years a year-2.2%
  • 5 years a year-5.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($17.71, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$59
Price used
$17.71close November 3, 2026
Implied change
▲ +236%
Uncertainty
High

How we got here: a discounted-cash-flow model of Olin Corp's free cash flow after stock-based pay with after-tax interest added back ($565M, FY2026 Q3 TTM), growing 4.5% and 2.7% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$38–~$88 ; that spread sets a 35% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Olin Corp's free cash flow after stock-based pay ( $565M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Olin Corp as an operating company, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.97 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$59 ~$38–$88 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$5.4 ~$4.0–$8.3 Left out: far from the other models (more than 3x away from their median)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$31 ~$22–$43 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$31 ~$27–$37 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$45 ~$31–$59 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Olin Corp with Commodity Chemicals in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −49%
  • Revenue growth 5 points higher ▲ +65%
  • Free-cash-flow margin 1 point lower ▼ −36%
  • Last year's free-cash-flow margin change, if it persists ▲ more than doubles
  • Discount rate 1 point higher ▼ −28%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $46$71$105$150$208$283
8.5% $29$47$72$104$145$199
10% $19$33$52$76$108$148

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$12.54$19.42$27.67$16.08$14.35$21.64$51.63$48.21$49.87$31.77$20.29$18.15
Market value$1.3bn$3.2bn$4.7bn$2.7bn$2.3bn$3.4bn$8.4bn$7.2bn$6.4bn$3.8bn$2.3bn$2.1bn
+ Net debt (− = net cash)$3.5bn$3.4bn$3.4bn$3.1bn$3.1bn$3.7bn$2.6bn$2.4bn$2.5bn$2.7bn$2.7bn$2.8bn
Enterprise value$4.8bn$6.6bn$8.1bn$5.8bn$5.4bn$7.1bn$11.0bn$9.5bn$8.9bn$6.5bn$5.0bn$4.9bn
Multiples
Price / sales 0.5x0.6x0.7x0.4x0.4x0.6x0.9x0.8x0.9x0.6x0.3x0.3x
Price / earnings ——8.5x8.3x——6.5x5.4x14.2x36.2x——
Price / free cash flow 15.0x9.9x13.2x5.2x10.1x25.5x5.5x4.2x8.7x12.3x9.4x9.3x
EV / EBITDA 14.4x10.4x9.4x4.5x7.0x—4.5x4.0x7.2x7.9x9.5x13.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

42 /100

Weak moat

How hard Olin's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.6% of total assets over 10 years.

  • Durability 0 / 20

    Operating margin has been a median 5.5%; its worst year was -16.0%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 10 of 10 years, at a median 7.2% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 29.7% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 28, 2027, after the close. Analysts expect revenue of $1.8bn and EPS of −$0.07 (range −$0.23 to $0.16) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.60 −158% $6.9bn +2%
Next $0.46 +177% $7.2bn +5%

Next year's EPS estimate has moved −51.3% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −482.3% on 90 days ago. In the last 30 days, 0 analysts raised Olin Corp's forecast and 0 cut it.

Consensus EPS forecast Olin Corp, last 90 days
−$1.00 −$0.50 $0.00 $0.50 $1.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.16 Current fiscal year, 60 days ago: −$0.46 Current fiscal year, 30 days ago: −$0.46 Current fiscal year, 7 days ago: −$0.60 Current fiscal year, Now: −$0.60 −$0.60 Next fiscal year, 90 days ago: $0.94 Next fiscal year, 60 days ago: $0.79 Next fiscal year, 30 days ago: $0.79 Next fiscal year, 7 days ago: $0.46 Next fiscal year, Now: $0.46 $0.46

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.16$0.94
60 days ago −$0.46$0.79
30 days ago −$0.46$0.79
7 days ago −$0.60$0.46
Now −$0.60$0.46

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.16 $0.24 +46.2%
Jun 2026 $0.10 $0.07 −29.1%
Mar 2026 −$0.64 −$0.33 +48.2%
Dec 2025 −$0.62 −$0.64 −1.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 30, 2026
  • adjusted EBITDA third quarter 2026 $160m to $200m Non-GAAP
    “With continued significant global volatility, third quarter 2026 adjusted EBITDA is forecast to be in the range of $160 million to $200 million," Lane concluded.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Olin Corp's revenue by +4.5% next year and +2.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+6.1%, weight 60%) and the company's own record (+2.0%, weight 40%) . How the weights are set.

Analyst recommendations

16 analysts, Oct 2026
Buy213%
Hold1381%
Sell16%

Monthly trend

  1. Oct 20261316
  2. Sep 20261215
  3. Aug 2026111113
  4. Jul 20261111114

Counts of recommendations published by analysts covering Olin Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
15.3%
of tradable shares
Days to cover
3.69
at average volume
Short interest, 1 month
+16%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.4%
of shares
Employees
7,849
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −9.1%

$19.97 on October 31, 2025 to $18.15

ThenNowEffect
Revenue (last 12 months) $6.7bn $6.7bn +0.6%
P/S multiple 0.4x 0.3x −12.1%
Share count 117m 114m +2.8%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −55.8%

$41.09 on November 3, 2023 to $18.15

ThenNowEffect
Revenue (last 12 months) $7.8bn $6.7bn −14.6%
P/S multiple 0.7x 0.3x −57.1%
Share count 137m 114m +20.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
OLN+139%−7%+4%−36%−36%−11%
Industry peers (median)+21%−6%+7%−18%−36%+18%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
OLN67%67%50%42%33%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
OLN−20%−37%−34%−44%−47%−50%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 76% from June 2, 2022 to October 12, 2026. Getting back needed a 311% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$14.71 – $29.59
From 52-week high
−38.7%
vs 50-day average
+10.5%
vs 200-day average
−17.5%
Volatility (1 year)
52%
Beta vs S&P 500
0.28

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±7.9%
After a week
2 up, 9 down
typical move ±9.3%
After a month
3 up, 8 down
typical move ±13.4%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 +6.9% −2.1% — —
July 30, 2026 −16.6% +2.4% −15.5% −21.8%
May 7, 2026 −6.8% +0.5% −3.0% −15.1%
January 29, 2026 −8.5% −0.5% +2.9% +11.7%
January 8, 2026 +11.3% +0.7% +10.3% +14.6%
October 27, 2025 −12.6% +1.4% −16.7% −15.6%
July 28, 2025 +3.0% −0.3% −12.7% +9.2%
May 1, 2025 +2.7% +2.2% −1.0% −10.5%
January 30, 2025 −10.3% 0.0% −12.8% −26.9%
December 12, 2024 −2.2% −0.5% −12.3% −12.1%
October 24, 2024 −8.1% +0.2% −9.0% −4.5%
July 25, 2024 −5.6% +0.6% −5.9% −5.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Olin Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look fairly priced

Implied volatility is within its normal range against realised. Selling options earns the usual premium, nothing extra.

  • Implied is 1.26× the last 60 days’ realised volatility , richer than 68% of the 175 stocks we screen today.
  • Puts and calls are priced at about the same implied volatility.
  • Why: implied is not far enough above realised, or not unusual against our coverage.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Olin Corp in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Olin Corp
$6.4B $6.5B $6.6B $6.7B $6.8B $6.9B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $6.8B Revenue (TTM), FY24 Q1: $6.6B Revenue (TTM), FY24 Q2: $6.6B Revenue (TTM), FY24 Q3: $6.5B Revenue (TTM), FY24 Q4: $6.5B Revenue (TTM), FY25 Q1: $6.5B Revenue (TTM), FY25 Q2: $6.7B Revenue (TTM), FY25 Q3: $6.8B Revenue (TTM), FY25 Q4: $6.8B Revenue (TTM), FY26 Q1: $6.7B Revenue (TTM), FY26 Q2: $6.7B Revenue (TTM), FY26 Q3: $6.7B $6.7B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $6.8B
FY24 Q1 $6.6B
FY24 Q2 $6.6B
FY24 Q3 $6.5B
FY24 Q4 $6.5B
FY25 Q1 $6.5B
FY25 Q2 $6.7B
FY25 Q3 $6.8B
FY25 Q4 $6.8B
FY26 Q1 $6.7B
FY26 Q2 $6.7B
FY26 Q3 $6.7B
Revenue growth, TTM YoY Olin Corp
-30% -20% -10% 0% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -27.1% Revenue growth, TTM YoY, FY24 Q1: -24.4% Revenue growth, TTM YoY, FY24 Q2: -16.3% Revenue growth, TTM YoY, FY24 Q3: -9.9% Revenue growth, TTM YoY, FY24 Q4: -4.3% Revenue growth, TTM YoY, FY25 Q1: -1.1% Revenue growth, TTM YoY, FY25 Q2: 1.5% Revenue growth, TTM YoY, FY25 Q3: 4.7% Revenue growth, TTM YoY, FY25 Q4: 3.7% Revenue growth, TTM YoY, FY26 Q1: 2.6% Revenue growth, TTM YoY, FY26 Q2: 0.6% Revenue growth, TTM YoY, FY26 Q3: -0.7% -0.7%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -27.1%
FY24 Q1 -24.4%
FY24 Q2 -16.3%
FY24 Q3 -9.9%
FY24 Q4 -4.3%
FY25 Q1 -1.1%
FY25 Q2 1.5%
FY25 Q3 4.7%
FY25 Q4 3.7%
FY26 Q1 2.6%
FY26 Q2 0.6%
FY26 Q3 -0.7%
Operating margin (TTM) Olin Corp
-5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 10.4% Operating margin (TTM), FY24 Q1: 8.7% Operating margin (TTM), FY24 Q2: 7.6% Operating margin (TTM), FY24 Q3: 5.4% Operating margin (TTM), FY24 Q4: 4.5% Operating margin (TTM), FY25 Q1: 3.7% Operating margin (TTM), FY25 Q2: 2.1% Operating margin (TTM), FY25 Q3: 3.1% Operating margin (TTM), FY25 Q4: 0.1% Operating margin (TTM), FY26 Q1: -1.7% Operating margin (TTM), FY26 Q2: -1.6% Operating margin (TTM), FY26 Q3: -1.9% -1.9%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 10.4%
FY24 Q1 8.7%
FY24 Q2 7.6%
FY24 Q3 5.4%
FY24 Q4 4.5%
FY25 Q1 3.7%
FY25 Q2 2.1%
FY25 Q3 3.1%
FY25 Q4 0.1%
FY26 Q1 -1.7%
FY26 Q2 -1.6%
FY26 Q3 -1.9%
FCF margin (TTM) Olin Corp
0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 10.8% FCF margin (TTM), FY24 Q1: 12.1% FCF margin (TTM), FY24 Q2: 9.1% FCF margin (TTM), FY24 Q3: 8.8% FCF margin (TTM), FY24 Q4: 4.7% FCF margin (TTM), FY25 Q1: 1.9% FCF margin (TTM), FY25 Q2: 4.1% FCF margin (TTM), FY25 Q3: 1.2% FCF margin (TTM), FY25 Q4: 3.7% FCF margin (TTM), FY26 Q1: 4.5% FCF margin (TTM), FY26 Q2: 1.5% FCF margin (TTM), FY26 Q3: 3.3% 3.3%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 10.8%
FY24 Q1 12.1%
FY24 Q2 9.1%
FY24 Q3 8.8%
FY24 Q4 4.7%
FY25 Q1 1.9%
FY25 Q2 4.1%
FY25 Q3 1.2%
FY25 Q4 3.7%
FY26 Q1 4.5%
FY26 Q2 1.5%
FY26 Q3 3.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 1,532 1,586 1,961 2,185 2,515 2,241 2,854 5,551 6,268 6,946 6,110 5,758 8,911 9,376 6,833 6,540 6,781 6,738
Gross profit 309 236 387 437 481 388 368 606 714 1,124 671 383 2,294 2,182 1,166 738 502 450
EBITDA 254 157 323 370 422 343 330 641 856 1,278 775 −178 2,433 2,378 1,246 815 527 350
Operating income 183 70 224 259 287 204 101 108 297 677 178 −747 1,851 1,779 712 297 5 −129
Net income 136 65 242 150 179 106 −1 −4 550 328 −11 −970 1,297 1,327 452 105 −101 −225
Diluted EPS $1.73 $0.81 $2.99 $1.85 $2.21 $1.33 −$0.01 −$0.02 $3.26 $1.95 −$0.07 −$6.14 $7.96 $8.94 $3.57 $0.91 −$0.88 −$1.98
Growth (year on year)
Revenue −13.2% +3.6% +23.7% +11.4% +15.1% −10.9% +27.4% +94.5% +12.9% +10.8% −12.0% −5.8% +54.8% +5.2% −27.1% −4.3% +3.7% −0.7%
EBITDA −20.7% −38.3% +106.1% +14.4% +14.1% −18.8% −3.7% +94.5% +33.4% +49.4% −39.4% −123.0% — −2.3% −47.6% −34.6% −35.3% −52.3%
Operating income −27.3% −61.7% +220.3% +15.6% +10.7% −29.0% −50.4% +6.8% — +128.2% −73.7% −520.0% — −3.9% −60.0% −58.4% −98.2% −161.7%
Net income −14.0% −52.2% +273.0% −38.1% +19.4% −40.8% −101.3% — — −40.3% −103.4% — — +2.3% −65.9% −76.8% — —
Diluted EPS −16.4% −53.2% +269.1% −38.1% +19.5% −39.8% −100.8% — — −40.2% −103.6% — — +12.3% −60.1% −74.5% — —
Margins
Gross margin 20.2% 14.9% 19.7% 20.0% 19.1% 17.3% 12.9% 10.9% 11.4% 16.2% 11.0% 6.7% 25.7% 23.3% 17.1% 11.3% 7.4% 6.7%
EBITDA margin 16.6% 9.9% 16.5% 16.9% 16.8% 15.3% 11.6% 11.6% 13.6% 18.4% 12.7% −3.1% 27.3% 25.4% 18.2% 12.5% 7.8% 5.2%
Operating margin 11.9% 4.4% 11.4% 11.9% 11.4% 9.1% 3.5% 1.9% 4.7% 9.7% 2.9% −13.0% 20.8% 19.0% 10.4% 4.5% 0.1% −1.9%
Net margin 8.9% 4.1% 12.3% 6.8% 7.1% 4.7% −0.0% −0.1% 8.8% 4.7% −0.2% −16.8% 14.6% 14.2% 6.6% 1.6% −1.5% −3.3%
Free-cash-flow margin 4.1% 1.9% 0.8% 1.1% 9.0% 3.9% 3.0% 5.9% 5.7% 7.5% 3.8% 2.3% 17.3% 18.0% 10.8% 4.7% 3.7% 3.3%
Cash flow
Cash from operations 200 116 216 279 317 159 217 603 649 908 617 433 1,741 1,922 974 503 474 391
Capital spending 138 85 201 256 91 72 131 278 294 385 386 299 201 237 236 195 226 169
Free cash flow 62 30 15 24 226 87 86 325 355 523 232 134 1,540 1,685 738 308 248 222
Stock-based pay 6 7 6 6 9 5 8 8 9 12 11 14 8 14 19 17 21 27
Free cash flow after stock pay 57 24 9 17 217 82 79 318 345 511 221 121 1,532 1,671 720 291 227 195
Balance sheet
Cash 459 459 305 165 308 257 392 185 218 179 221 190 181 194 170 176 168 215
Total debt 398 496 536 714 691 675 3,849 3,618 3,612 3,230 3,341 3,864 2,779 2,581 2,670 2,842 2,827 3,013
Net debt (negative = net cash) −60 37 232 549 383 418 3,457 3,433 3,394 3,052 3,120 3,674 2,599 2,387 2,500 2,667 2,660 2,798
Diluted shares 78m 80m 81m 81m 81m 80m 103m 165m 169m 168m 162m 158m 163m 149m 129m 120m 115m 114m
Returned to shareholders
Dividends 63 63 64 64 64 63 80 132 133 134 129 126 128 116 101 94 92 91
Buybacks 0 0 4 3 36 65 0 0 0 50 146 0 252 1,351 711 300 51 10
Total returned 63 63 68 67 100 128 80 132 133 184 275 126 380 1,467 812 395 142 101

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 7 checks passed · September 30, 2026
What it owns · $7.4bn
Short-term assets $2.2bnLonger-term assets $5.2bn
What it owes, and who funded it · $7.4bn
Short-term liabilities $1.5bnLonger-term liabilities $4.2bnShareholders' equity $1.7bn
  • Short-term assets cover short-term liabilities $2.2bn of assets due within a year against $1.5bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.2bn short-term assets against $4.2bn of longer-dated liabilities.
  • More cash than debt $215m of cash against $3.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 175% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 93% to 175% over five years.
  • A year's operating cash flow covers at least 20% of debt $391m of operating cash flow against $3.0bn of debt.
  • Operating profit covers interest at least five times over Operating income of −$129m against $182m of interest.

From Olin Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$10.1M
Dividends (TTM)
$91.1M
Returned to shareholders
46%
of free cash flow
Buybacks, last 3 fiscal years
$1.1B
Diluted share count
−2.4%
year over year
Total shareholder yield
4.9%
dividends 4.4% + buybacks 0.5% of market value
Sales & admin spending
7.6%
of revenue

Competitors: side by side with peers

Closest by revenue in commodity chemicals
Last 12 months unless stated OLN CC WLK MEOH TROX VHI Median
Revenue, last 12 months $6.7bn $5.8bn $11.3bn $3.6bn $3.1bn $2.2bn $2.2bn
Revenue growth, last 12 months −0.7% −0.9% −4.0% −3.5% 3.7% 3.4% −0.7%
Revenue growth, 3-year average −2.2% −2.9% −6.6% — 0.1% 3.4% −2.4%
Revenue growth, latest quarter 2.0% −1.5% 10.8% — 18.7% 12.2% 9.0%
Gross margin 6.7% 15.3% 9.6% 35.7% 6.2% 14.7% 11.8%
Operating margin −1.9% — −11.0% 12.0% −7.2% 3.6% −1.8%
Operating margin, 3-year average 2.2% — −2.2% 14.6% −0.5% 6.3% 3.2%
Net margin −3.3% −5.2% −10.9% 4.0% −18.0% −2.4% −4.6%
Cash from operations / revenue 5.8% 6.8% 5.6% 28.3% 3.3% 5.2% 5.8%
Free-cash-flow margin 3.3% 3.8% −2.3% 25.5% −5.2% 2.9% 2.9%
Free-cash-flow margin, 3-year average 4.4% −3.0% 0.8% 22.6% −4.6% 0.0% 0.6%
Stock pay / revenue 0.4% 0.4% 0.4% −0.1% 0.7% — 0.4%
Change in share count −2.4% 0.4% −0.4% 7.5% 0.7% 0.0% 0.0%

Median of all 13 companies we cover in commodity chemicals. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

13 commodity chemicals companies
Measure Company Peer median Rank
Revenue growth Growth -0.7% -0.7% 7 of 13
Change in growth rate Growth -1.3pp +3.6pp 10 of 13
Gross margin Profitability 6.7% 11.8% 10 of 13
Operating margin Profitability -1.9% -1.7% 6 of 10
Net margin Profitability -3.3% -4.6% 6 of 13
Free-cash-flow margin Cash generation 3.3% 2.9% 6 of 13
Stock pay as % of revenue Cash generation 0.4% 0.4% 4 of 10
Long-term debt as % of assets Balance sheet 40.7% 37.2% 8 of 12
Change in share count Balance sheet -2.4% 0.4% 2 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Chlor Alkali Products and Vinyls $3.7B 54.3% ▲ 1.5%
Winchester $1.7B 25.4% ▲ 2.4%
Epoxy $1.4B 20.2% ▲ 11.9%
Corporate Other $0 0.0% —
Geography
Region Revenue Share YoY
United States $4.6B 67.6% ▼ 1.5%
Otherforeign $1.5B 22.8% ▲ 19.9%
Europe $647M 9.5% ▲ 9.3%

From Olin Corp's 10-K filed February 20, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2.3B
Institutions reporting
410
Shares held vs prior quarter
▲ 1.1%
Positions opened / closed
60 / 72

Top buyers and sellers, Q2 2026: 203 institutions bought and 195 sold ; the biggest buyer was AQR Capital Management LLC (+4.3M shares) and the biggest seller Millennium Management LLC (−984K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Hotchkis & Wiley Capital Management LLC $318M 16.0M 14.1% ▲ 6.2%
Blackrock, Inc. $238M 12.0M 10.5% ▲ 4.3%
Dimensional Fund Advisors LP $122M 6.2M 5.4% ▲ 9.6%
AQR Capital Management LLC $109M 5.5M 4.8% ▲ 372.5%
Vanguard Portfolio Management LLC $108M 5.4M 4.8% ▲ 0.1%
Vanguard Capital Management LLC $102M 5.1M 4.5% ▲ 2.0%
State Street Corp $95.1M 4.8M 4.2% 0.0%
Fuller & Thaler Asset Management, Inc. $85.3M 4.3M 3.8% ▼ 14.2%
Yacktman Asset Management LP $83.4M 4.2M 3.7% ▲ 2.9%
Pzena Investment Management LLC $77.1M 3.9M 3.4% ▼ 12.2%
Goldman Sachs Group Inc $50.5M 2.6M 2.2% ▼ 10.1%
Citadel Advisors LLC $44.3M 2.2M 2.0% ▲ 36.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Olin Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $2.5M 5 trades by 5 insiders · 0% under pre-set plans
Net ▼ $2.5M net selling
Insider Date Trade Shares Price Value
Carter Deon VP & President CAPV February 25, 2026 Sell 6,500 $23.73 $154,245
Castle Angela M VP & Chief Legal Officer February 24, 2026 Sell 2,379 $24.25 $57,697
Slater Todd A VP & CFO February 3, 2026 Sell 92,250 $22.48 $2.1M
Sumner R Nichole VP & Controller February 3, 2026 Sell 4,750 $22.49 $106,827
Vermillion Teresa M VP & Treasurer November 26, 2025 Sell 4,500 $20.86 $93,870

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 0 sales of Olin Corp shares.

  • Lisa C. McClain(R-MI 9):Purchase, $15,001 - $50,000, traded September 14, 2026, filed October 12, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 28, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 30, 2026
  • May 7, 2026
  • January 29, 2026
  • January 8, 2026
  • October 27, 2025

Recent SEC filings

Data status

When each part of this page on Olin Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Olin Corp in brief

What does Olin Corp do?
Olin Corp is a US-listed company in the commodity chemicals industry. Its financial year ends in December.
What is Olin Corp's stock ticker?
Olin Corp trades under the ticker OLN on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Olin Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Olin Corp reported revenue of $6.7B, 0.7% lower than a year earlier, according to its SEC filings.
What is Olin Corp's free cash flow?
Olin Corp's free-cash-flow margin is 3.3% of revenue over the trailing twelve months, ranking 6 of the 13 commodity chemicals companies we cover.
What is Olin Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Olin Corp's free cash flow after stock-based pay gives ~$59 per share in the base case, and ~$38–$88 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Olin Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Hotchkis & Wiley Capital Management LLC, Blackrock, Inc. and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Olin Corp buying back stock, and does it pay a dividend?
Olin Corp spent $10.1M on share repurchases over the trailing twelve months, and its diluted share count fell 2.4% over the year.
What is Olin Corp's market cap?
On November 2, 2026, Olin Corp's market capitalisation was about $2.1B and net debt of $2.8B. Market figures come from third-party market data and may be delayed.
Does Olin Corp pay a dividend?
Yes: Olin Corp paid $91.1M in dividends over the trailing twelve months, a dividend yield of 4.40%.
How much debt does Olin Corp have?
Olin Corp's debt-to-equity ratio is 175.3%, from its latest balance sheet (92.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Olin Corp's competitors?
In our Commodity Chemicals peer group, the companies closest to Olin Corp are Chemours Co, Westlake Corp, Methanex Corp, Tronox Holdings plc and Valhi Inc. The side-by-side comparison below sets their revenue, margins and growth against Olin Corp's.
Are insiders buying or selling Olin Corp stock?
Over the last 12 months, Olin Corp's directors and officers reported 0 open-market purchases and 5 sales on Form 4. The insider trading page charts every trade.
When is Olin Corp's next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Olin Corp announces its own schedule.