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Orion S.a. (OEC) stock

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NYSE: OEC NYSE Commodity Chemicals Next results ~November 4, 2026

C Fundamentals grade

Orion S.a. 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

Model estimate per share

~$7.1

Valuation models combined (4)

Base case. Range ~$4.2–$12. Weighted average of 4 models (forward price-to-earnings vs peers, residual income, justified price-to-book, forward price-to-sales vs peers).

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Orion S.a. 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.

  • Funds103 adding, 66 cuttingOf 41 active managers that changed their stake, 22 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Orion files

Where Orion S.a. stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.82bn, down 1.0% on a year earlier, a smaller fall than the 3.4% decline a quarter earlier. Free-cash-flow margin rose to 1.4% from -3.9% a year earlier. Operating margin narrowed to -0.2% from 3.9%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 5 financial-health checks. Our cash-flow model value is $7.71 a share, against a share price of $5.41.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

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 ~November 4, 2026 (estimated)

Orion S.a.'s trailing-twelve-month revenue fell 1.0% year on year, with a free-cash-flow margin of 1.4%. Where it stands out: change in share count of -1.4% ranks 3 of 12 commodity chemicals companies we cover. Where it lags: days sales outstanding of 60 days ranks 9 of 9 commodity chemicals companies we cover.

Current signal Net margin compressing: TTM net margin fell to -5.3%, down 6.1pp year over year.

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

  • Shrinking share count. Diluted shares fell 1.4% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 1.0% over the last 12 months.
  • Loss-making. Operating margin is -0.2%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 4.1 points on a year ago.
  • Volatile shares. Over the past year the shares showed annualised volatility of 63% and a beta of 1.1 against the S&P 500.
  • Gross margin slipping. Gross margin is down 3.0 points on a year ago.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.14 against an average estimate of $0.15: missed by 5.8%
Revenue
$501m, up 7.4% on a year earlier
Share reaction
+14.1% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Next report
November 4, 2026; average EPS estimate $0.15

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

Price chart

  • 1 day+0.7%
  • 1 week+5.0%
  • 1 month-2.6%
  • This year+8.0%
  • 1 year+7.6%
  • 5 years-71.1%
  • 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)
$1.8B
Operating margin
-0.2%
Net margin
-5.3%
EPS (TTM, diluted)
$-1.71

Growth

Revenue growth
−1.0%
Change in growth rate
+2.4 pts
Share count change
−1.4%

Cash

Free cash flow (TTM)
$25.5M
FCF margin
1.4%
Stock pay % of revenue
0.6%

Earnings

Last results
August 5, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

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

  1. Product
  2. Dividend
  3. Announcement
  4. Announcement
  5. Results

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

Orion S.a. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Orion S.a. as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.88 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: the projected cash flows don't support a positive value
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. ~$4.2 ~$2.9–$8.8 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$7.4 ~$5.0–$11 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$7.5 ~$6.4–$9.0 Included
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$12 ~$9.7–$22 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) 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. ~$7.1 ~$4.2–$12 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Orion S.a. 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.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$16.37$22.89$23.23$18.46$16.63$17.82$17.39$27.17$15.53$5.22$5.64
Market value$985m$1.4bn$1.4bn$1.1bn$1.0bn$1.1bn$1.1bn$1.6bn$907m$294m$318m
+ Net debt (− = net cash)−$78m$615m$662m$633m$749m$867m$1.1bn$912m$1.1bn$1.2bn$1.3bn
Enterprise value$907m$2.0bn$2.1bn$1.8bn$1.8bn$2.0bn$2.2bn$2.5bn$2.0bn$1.5bn$1.6bn
Multiples
Price / sales 0.9x1.0x0.9x0.8x0.9x0.7x0.5x0.9x0.5x0.2x0.2x
Price / earnings 19.9x21.4x11.7x13.0x56.1x8.1x10.1x15.7x20.5x——
Price / free cash flow 8.9x28.5x129.8x15.5x———9.4x—5.4x12.5x
EV / EBITDA 4.4x8.5x7.1x7.2x10.4x5.9x7.2x8.0x8.9x9.4x12.4x

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

45 /100

Moderate moat

How hard Orion's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 9 / 20

    Cash operating profit has been a median 7.7% of total assets over 6 years.

  • Pricing power 8 / 20

    Gross margin has been a median 23.2%, moving by 2.8 percentage points (standard deviation) across 8 years.

  • Durability 2 / 20

    Operating margin has been a median 8.8%; its worst year was -0.2%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 5 of 7 years, at a median 0.9% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 7.8% over five years; stock-based pay has been a median 0.5% 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: November 4, 2026, after the close. Analysts expect revenue of $446m and EPS of $0.15 (range $0.10 to $0.19) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.17 −67% $1.8bn +0%
Next $0.33 +99% $1.8bn −0%

Next year's EPS estimate has moved −11.7% in 90 days, across 4 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.15 $0.14 −5.8%
Mar 2026 $0.09 −$0.11 −220.6%
Dec 2025 −$0.08 −$0.34 −300.8%
Sept 2025 $0.25 $0.29 +17.0%

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

Analyst recommendations

4 analysts, Oct 2026
Buy125%
Hold125%
Sell250%

Monthly trend

  1. Oct 202611114
  2. Sep 202611114
  3. Aug 202611114

Counts of recommendations published by analysts covering Orion S.a., 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
4.0%
of tradable shares
Days to cover
5.27
at average volume
Short interest, 1 month
−2%
to September 30, 2026
Held by institutions
96%
of shares
Held by insiders
3.9%
of shares
Employees
1,639
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 +7.6%

$5.24 on October 31, 2025 to $5.64

ThenNowEffect
Revenue (last 12 months) $1.8bn $1.8bn −1.0%
P/S multiple 0.2x 0.2x +7.2%
Share count 57m 56m +1.4%

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

Last 3 years −73.0%

$20.86 on November 3, 2023 to $5.64

ThenNowEffect
Revenue (last 12 months) $2.0bn $1.8bn −7.2%
P/S multiple 0.6x 0.2x −73.0%
Share count 61m 56m +8.1%

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
OEC+7%−2%+56%−43%−66%+8%
Industry peers (median)+31%−7%+5%−18%−35%+18%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
OEC58%42%58%50%25%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
OEC−26%−35%−27%−46%−72%−38%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 87% from August 30, 2018 to November 20, 2025. Getting back needed a 658% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$4.30 – $8.26
From 52-week high
−31.7%
vs 50-day average
−2.4%
vs 200-day average
−11.3%
Volatility (1 year)
63%
Beta vs S&P 500
1.09

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
3 up, 9 down
typical move ±10.2%
After a week
3 up, 9 down
typical move ±9.3%
After a month
3 up, 9 down
typical move ±13.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 +14.1% −0.4% −3.3% −10.4%
May 6, 2026 −13.8% +1.1% −12.8% −19.1%
February 17, 2026 −8.6% +0.7% −21.7% −28.4%
November 4, 2025 −15.1% −0.8% −6.0% −6.4%
October 14, 2025 −9.2% +0.3% −17.8% −30.1%
August 6, 2025 +12.0% +0.7% +10.9% +9.4%
May 7, 2025 −12.6% +1.1% −1.0% −1.6%
February 20, 2025 +2.9% −2.1% −3.8% −8.1%
January 15, 2025 −1.1% +1.6% −0.5% −3.3%
November 7, 2024 −5.9% +1.2% +3.8% +11.6%
August 1, 2024 −27.4% −3.3% −26.0% −24.2%
May 2, 2024 0.0% +2.2% +4.6% +4.0%

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.

Orion S.a. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

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) Orion S.a.
$1.8B $1.8B $1.9B $1.9B $2B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.9B Revenue (TTM), FY23 Q4: $1.9B Revenue (TTM), FY24 Q1: $1.9B Revenue (TTM), FY24 Q2: $1.9B Revenue (TTM), FY24 Q3: $1.9B Revenue (TTM), FY24 Q4: $1.9B Revenue (TTM), FY25 Q1: $1.9B Revenue (TTM), FY25 Q2: $1.8B Revenue (TTM), FY25 Q3: $1.8B Revenue (TTM), FY25 Q4: $1.8B Revenue (TTM), FY26 Q1: $1.8B Revenue (TTM), FY26 Q2: $1.8B $1.8B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.9B
FY23 Q4 $1.9B
FY24 Q1 $1.9B
FY24 Q2 $1.9B
FY24 Q3 $1.9B
FY24 Q4 $1.9B
FY25 Q1 $1.9B
FY25 Q2 $1.8B
FY25 Q3 $1.8B
FY25 Q4 $1.8B
FY26 Q1 $1.8B
FY26 Q2 $1.8B
Revenue growth, TTM YoY Orion S.a.
-10% -5% 0% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -3.8% Revenue growth, TTM YoY, FY23 Q4: -6.7% Revenue growth, TTM YoY, FY24 Q1: -7.4% Revenue growth, TTM YoY, FY24 Q2: -2.6% Revenue growth, TTM YoY, FY24 Q3: 1.3% Revenue growth, TTM YoY, FY24 Q4: -0.9% Revenue growth, TTM YoY, FY25 Q1: -2.3% Revenue growth, TTM YoY, FY25 Q2: -3.8% Revenue growth, TTM YoY, FY25 Q3: -4.3% Revenue growth, TTM YoY, FY25 Q4: -3.8% Revenue growth, TTM YoY, FY26 Q1: -3.4% Revenue growth, TTM YoY, FY26 Q2: -1.0% -1.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -3.8%
FY23 Q4 -6.7%
FY24 Q1 -7.4%
FY24 Q2 -2.6%
FY24 Q3 1.3%
FY24 Q4 -0.9%
FY25 Q1 -2.3%
FY25 Q2 -3.8%
FY25 Q3 -4.3%
FY25 Q4 -3.8%
FY26 Q1 -3.4%
FY26 Q2 -1.0%
Operating margin (TTM) Orion S.a.
-5% 0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 11.3% Operating margin (TTM), FY23 Q4: 10.8% Operating margin (TTM), FY24 Q1: 9.7% Operating margin (TTM), FY24 Q2: 8.7% Operating margin (TTM), FY24 Q3: 5.6% Operating margin (TTM), FY24 Q4: 5.5% Operating margin (TTM), FY25 Q1: 4.4% Operating margin (TTM), FY25 Q2: 3.9% Operating margin (TTM), FY25 Q3: 1.8% Operating margin (TTM), FY25 Q4: 1.5% Operating margin (TTM), FY26 Q1: 0.4% Operating margin (TTM), FY26 Q2: -0.2% -0.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 11.3%
FY23 Q4 10.8%
FY24 Q1 9.7%
FY24 Q2 8.7%
FY24 Q3 5.6%
FY24 Q4 5.5%
FY25 Q1 4.4%
FY25 Q2 3.9%
FY25 Q3 1.8%
FY25 Q4 1.5%
FY26 Q1 0.4%
FY26 Q2 -0.2%
FCF margin (TTM) Orion S.a.
-10% -5% 0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 10.3% FCF margin (TTM), FY23 Q4: 9.1% FCF margin (TTM), FY24 Q1: 5.0% FCF margin (TTM), FY24 Q2: 0.5% FCF margin (TTM), FY24 Q3: -4.9% FCF margin (TTM), FY24 Q4: -4.3% FCF margin (TTM), FY25 Q1: -5.9% FCF margin (TTM), FY25 Q2: -3.9% FCF margin (TTM), FY25 Q3: 1.9% FCF margin (TTM), FY25 Q4: 3.0% FCF margin (TTM), FY26 Q1: 2.0% FCF margin (TTM), FY26 Q2: 1.4% 1.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 10.3%
FY23 Q4 9.1%
FY24 Q1 5.0%
FY24 Q2 0.5%
FY24 Q3 -4.9%
FY24 Q4 -4.3%
FY25 Q1 -5.9%
FY25 Q2 -3.9%
FY25 Q3 1.9%
FY25 Q4 3.0%
FY26 Q1 2.0%
FY26 Q2 1.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 20-F. 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 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 Jun 2026
Income
Revenue 1,139 1,328 1,578 1,476 1,136 1,547 2,031 1,894 1,878 1,807 1,823
Gross profit 374 378 430 390 292 387 449 451 429 360 336
EBITDA 205 236 294 244 171 333 303 318 228 159 131
Operating income 117 138 196 147 74 229 197 205 103 28 −3
Net income 50 65 121 87 18 135 106 104 44 −70 −96
Diluted EPS $0.82 $1.07 $1.99 $1.42 $0.30 $2.21 $1.73 $1.73 $0.76 −$1.24 −$1.71
Growth (year on year)
Revenue — +16.6% +18.8% −6.5% −23.0% +36.1% +31.3% −6.7% −0.9% −3.8% −1.0%
EBITDA — +15.3% +24.7% −17.2% −29.9% +94.5% −9.0% +5.1% −28.4% −30.1% −34.9%
Operating income — +18.0% +42.4% −25.0% −49.5% +207.1% −13.7% +4.2% −50.0% −73.2% −104.3%
Net income — +31.0% +87.0% −28.4% −79.1% — −21.2% −2.5% −57.3% −258.6% —
Diluted EPS — +30.5% +86.0% −28.6% −78.9% — −21.7% 0.0% −56.1% −263.2% —
Margins
Gross margin 32.9% 28.4% 27.2% 26.4% 25.7% 25.0% 22.1% 23.8% 22.8% 19.9% 18.4%
EBITDA margin 18.0% 17.8% 18.7% 16.5% 15.0% 21.5% 14.9% 16.8% 12.1% 8.8% 7.2%
Operating margin 10.3% 10.4% 12.4% 10.0% 6.5% 14.8% 9.7% 10.8% 5.5% 1.5% −0.2%
Net margin 4.3% 4.9% 7.7% 5.9% 1.6% 8.7% 5.2% 5.5% 2.4% −3.9% −5.3%
Free-cash-flow margin 9.8% 3.7% 0.7% 4.9% −1.2% −4.5% −7.5% 9.1% −4.3% 3.0% 1.4%
Cash flow
Cash from operations 177 148 122 232 125 145 81 346 125 216 177
Capital spending 66 99 111 159 139 215 233 173 207 161 151
Free cash flow 111 49 11 73 −14 −70 −152 173 −81 55 26
Stock-based pay 4 9 14 9 4 5 8 15 15 14 12
Free cash flow after stock pay 107 40 −3 63 −18 −75 −160 158 −97 41 14
Balance sheet
Cash 78 72 57 64 65 66 61 38 44 61 51
Total debt 0 687 719 696 814 932 1,171 949 1,157 1,269 1,352
Net debt (negative = net cash) −78 615 662 633 749 867 1,111 912 1,113 1,209 1,302
Diluted shares 60m 61m 61m 61m 61m 61m 61m 60m 58m 56m 56m
Returned to shareholders
Dividends 44 46 48 48 12 0 5 5 5 5 5
Buybacks 4 0 5 0 0 0 4 66 27 25 1
Total returned 48 46 53 48 12 0 9 71 31 30 5

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 5 checks passed · June 30, 2026
What it owns · $2.0bn
Short-term assets $734mLonger-term assets $1.3bn
What it owes, and who funded it · $1.1bn
Short-term liabilities $716mShareholders' equity $380m
  • Short-term assets cover short-term liabilities $734m of assets due within a year against $716m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $51m of cash against $1.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 266% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 197% to 266% over five years.
  • A year's operating cash flow covers at least 20% of debt $177m of operating cash flow against $1.0bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Orion S.a.'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 Q2 TTM
Buybacks (TTM)
$800,000
Dividends (TTM)
$4.6M
Returned to shareholders
21%
of free cash flow
Buybacks, last 3 fiscal years
$117M
Diluted share count
−1.4%
year over year
Total shareholder yield
1.7%
dividends 1.4% + buybacks 0.3% of market value
R&D spending
1.6%
of revenue
Sales & admin spending
13.0%
of revenue
Days sales outstanding
60 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in commodity chemicals
Last 12 months unless stated OEC KOP KRO ASIX VHI RYAM Median
Revenue, last 12 months $1.8bn $1.9bn $1.9bn $1.6bn $2.2bn $1.5bn $2.2bn
Revenue growth, last 12 months −1.0% −5.0% 2.7% 3.0% 3.4% −3.3% −0.7%
Revenue growth, 3-year average −2.5% −3.5% 5.1% −3.0% 3.4% −6.9% −2.4%
Revenue growth, latest quarter 7.4% 3.0% 12.9% 2.7% 12.2% 10.6% 9.0%
Gross margin 18.4% 22.4% 11.8% 5.6% 14.7% 5.9% 11.8%
Operating margin −0.2% −2.2% −1.7% — 3.6% −3.5% −1.8%
Operating margin, 3-year average 4.2% 4.2% 1.9% — 6.3% −2.3% 3.2%
Net margin −5.3% −4.6% −5.6% −1.1% −2.4% −9.5% −4.6%
Cash from operations / revenue 9.7% 10.1% 4.4% 5.5% 5.2% 3.5% 5.8%
Free-cash-flow margin 1.4% 7.3% 1.2% −1.7% 2.9% −5.8% 2.9%
Free-cash-flow margin, 3-year average −0.7% 4.6% 0.6% −0.8% 0.0% −2.1% 0.6%
Stock pay / revenue 0.6% 0.6% — 0.4% — 0.3% 0.4%
Change in share count −1.4% −2.5% 0.0% −0.1% 0.0% 2.6% 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 -1.0% -0.7% 9 of 13
Change in growth rate Growth +2.4pp +3.6pp 9 of 13
Gross margin Profitability 18.4% 11.8% 4 of 13
Operating margin Profitability -0.2% -1.7% 4 of 10
Net margin Profitability -5.3% -4.6% 9 of 13
Free-cash-flow margin Cash generation 1.4% 2.9% 8 of 13
Stock pay as % of revenue Cash generation 0.6% 0.4% 7 of 10
Long-term debt as % of assets Balance sheet 32.9% 37.2% 5 of 12
Change in share count Balance sheet -1.4% 0.4% 3 of 12
Days sales outstanding Balance sheet 60 days 47 days 9 of 9

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
Geography
Region Revenue YoY
EMEA $795M ▼ 4.4%
Americas $607M ▼ 2.4%
United States $408M ▼ 5.2%
Asia Pacific $405M ▼ 4.5%
Rest of EMEA $317M ▼ 8.8%
China $184M ▼ 1.5%
Germany $165M ▼ 1.7%
Brazil $158M ▲ 8.4%
South Korea $129M ▼ 1.2%
Rest of Asia $91.4M ▼ 13.8%
IT $82.1M ▼ 1.8%
CZ $74.3M ▲ 28.8%
PL $56.3M ▲ 2.9%
ZA $52.4M ▼ 21.6%
ES $47.6M ▼ 10.7%
Rest of America $41.9M ▼ 10.9%

These categories overlap or exclude eliminations, so shares aren't shown.

From Orion S.a.'s 10-K filed February 17, 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
$353M
Institutions reporting
187
Shares held vs prior quarter
▲ 2.9%
Positions opened / closed
25 / 16

Top buyers and sellers, Q2 2026: 103 institutions bought and 66 sold ; the biggest buyer was American Century Companies Inc (+695K shares) and the biggest seller Jane Street Group, LLC (−403K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Pzena Investment Management LLC $31.6M 4.8M 9.0% ▲ 3.7%
Blackrock, Inc. $27.9M 4.2M 7.9% ▲ 6.2%
Divisar Capital Management LLC $22.4M 3.4M 6.4% ▼ 5.1%
American Century Companies Inc $21.2M 3.2M 6.0% ▲ 27.7%
AQR Capital Management LLC $16.4M 2.5M 4.6% ▲ 26.4%
D. E. Shaw & Co., Inc. $14.5M 2.2M 4.1% ▼ 11.4%
Dimensional Fund Advisors LP $13.1M 2.0M 3.7% ▼ 4.2%
Invesco Ltd. $11M 1.7M 3.1% ▼ 3.7%
Fuller & Thaler Asset Management, Inc. $10.9M 1.6M 3.1% ▲ 18.5%
Geode Capital Management, LLC $9.6M 1.4M 2.7% ▲ 13.0%
Morgan Stanley $8.8M 1.3M 2.5% ▼ 7.7%
Charles Schwab Investment Management Inc $8.5M 1.3M 2.4% ▼ 14.2%

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 Orion S.a.'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 → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

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.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 17, 2026
  • November 4, 2025
  • October 14, 2025
  • August 6, 2025

Recent SEC filings

Data status

When each part of this page on Orion S.a. 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.

Orion S.a. in brief

What does Orion S.a. do?
Orion S.a. is a US-listed company in the commodity chemicals industry. Its financial year ends in December.
What is Orion S.a.'s stock ticker?
Orion S.a. trades under the ticker OEC on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Orion S.a.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Orion S.a. reported revenue of $1.8B, 1.0% lower than a year earlier, according to its SEC filings.
What is Orion S.a.'s free cash flow?
Orion S.a.'s free-cash-flow margin is 1.4% of revenue over the trailing twelve months, ranking 8 of the 13 commodity chemicals companies we cover.
Who are Orion S.a.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Pzena Investment Management LLC, Blackrock, Inc. and Divisar Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Orion S.a. buying back stock, and does it pay a dividend?
Orion S.a. spent $800,000 on share repurchases over the trailing twelve months, and its diluted share count fell 1.4% over the year.
What is Orion S.a.'s market cap?
On November 2, 2026, Orion S.a.'s market capitalisation was about $318M and net debt of $1.3B. Market figures come from third-party market data and may be delayed.
Does Orion S.a. pay a dividend?
Yes: Orion S.a. paid $4.6M in dividends over the trailing twelve months, a dividend yield of 1.44%.
How much debt does Orion S.a. have?
Orion S.a.'s debt-to-equity ratio is 265.5%, from its latest balance sheet (197.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are Orion S.a.'s competitors?
In our Commodity Chemicals peer group, the companies closest to Orion S.a. are Koppers Holdings Inc., Kronos Worldwide Inc, Advansix Inc., Valhi Inc and Rayonier Advanced Materials Inc. The side-by-side comparison below sets their revenue, margins and growth against Orion S.a.'s.
When is Orion S.a.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Orion S.a. announces its own schedule.