Olin (OLN) financial statements
Olin reported revenue of $6.8B in fiscal 2025, up 2.2% a year over 9 years.
Net income was -$101M and the operating margin 0.1%, against 1.9% in 2016.
Free cash flow was $248M, and the company returned $92M in dividends and $50M in net buybacks.
The diluted share count fell 31% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Olin's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.6B | $6.3B | $6.9B | $6.1B | $5.8B | $8.9B | $9.4B | $6.8B | $6.5B | $6.8B |
| Cost of revenue | $4.9B | $5.6B | $5.8B | $5.4B | $5.4B | $6.6B | $7.2B | $5.7B | $5.8B | $6.3B |
| Gross profit | $606M | $714M | $1.1B | $671M | $383M | $2.3B | $2.2B | $1.2B | $738M | $502M |
| Selling, general and admin | $347M | $370M | $431M | $417M | $422M | $417M | $394M | $407M | $408M | $463M |
| Operating income | $108M | $297M | $677M | $178M | -$747M | $1.9B | $1.8B | $712M | $296M | $5M |
| Interest expense | $192M | $217M | $243M | $243M | $293M | $348M | $144M | $181M | $184M | $188M |
| Pre-tax income | -$34M | $117M | $437M | -$37M | -$1.0B | $1.5B | $1.7B | $559M | $142M | -$161M |
| Income tax | -$30M | -$432M | $109M | -$26M | -$50M | $242M | $349M | $107M | $37M | -$60M |
| Net income | -$4M | $550M | $328M | -$11M | -$970M | $1.3B | $1.3B | $452M | $105M | -$101M |
| EPS (diluted) | -$0.02 | $3.26 | $1.95 | -$0.07 | -$6.14 | $7.96 | $8.94 | $3.57 | $0.91 | -$0.88 |
| Diluted shares | 165M | 168M | 168M | 162M | 158M | 163M | 148M | 129M | 120M | 115M |
| Gross margin | 10.9% | 11.4% | 16.2% | 11.0% | 6.7% | 25.7% | 23.3% | 17.1% | 11.3% | 7.4% |
| Operating margin | 1.9% | 4.7% | 9.7% | 2.9% | -13.0% | 20.8% | 19.0% | 10.4% | 4.5% | 0.1% |
| Net margin | -0.1% | 8.8% | 4.7% | -0.2% | -16.8% | 14.6% | 14.2% | 6.6% | 1.6% | -1.5% |
Balance sheet
Fiscal years, from Olin's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $184M | $218M | $179M | $221M | $190M | $180M | $194M | $170M | $176M | $168M |
| Receivables | $675M | $733M | $776M | $760M | — | — | — | — | — | — |
| Inventory | $630M | $683M | $711M | $696M | $675M | $868M | $942M | $859M | $824M | $784M |
| Total current assets | $1.5B | $1.7B | $1.7B | $1.7B | $1.7B | $2.2B | $2.2B | $2.0B | $2.1B | $2.0B |
| Property, plant and equipment | $3.7B | $3.6B | $3.5B | $3.3B | $3.2B | $2.9B | $2.7B | $2.5B | $2.3B | $2.2B |
| Goodwill | $2.1B | $2.1B | $2.1B | $2.1B | $1.4B | $1.4B | $1.4B | $1.4B | $1.4B | $1.4B |
| Total assets | $8.8B | $9.2B | $9.0B | $9.2B | $8.3B | $8.5B | $8.0B | $7.7B | $7.6B | $7.3B |
| Total current liabilities | $923M | $954M | $1.1B | $1.1B | $1.2B | $1.7B | $1.6B | $1.5B | $1.6B | $1.6B |
| Long-term debt | $3.5B | $3.6B | $3.1B | $3.3B | $3.8B | $2.6B | $2.6B | $2.6B | $2.7B | $2.7B |
| Total liabilities | $6.5B | $6.5B | $6.2B | $6.8B | $6.8B | $5.9B | $5.5B | $5.4B | $5.5B | $5.5B |
| Shareholders' equity | $2.3B | $2.8B | $2.8B | $2.4B | $1.5B | $2.7B | $2.5B | $2.2B | $2.0B | $1.8B |
| Net debt | $3.4B | $3.4B | $3.1B | $3.1B | $3.7B | $2.6B | $2.4B | $2.5B | $2.7B | $2.7B |
Cash flow
Fiscal years, from Olin's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $603M | $649M | $908M | $617M | $433M | $1.7B | $1.9B | $974M | $503M | $474M |
| Capital spending | $278M | $294M | $385M | $386M | $299M | $201M | $237M | $236M | $195M | $226M |
| Free cash flow | $325M | $354M | $523M | $232M | $134M | $1.5B | $1.7B | $738M | $308M | $248M |
| Stock-based compensation | $8M | $9M | $12M | $11M | $14M | $8M | $14M | $19M | $17M | $21M |
| Dividends paid | $132M | $133M | $134M | $129M | $126M | $128M | $116M | $101M | $94M | $92M |
| Share buybacks (net) | $0 | $0 | -$50M | -$146M | $0 | -$252M | -$1.4B | -$711M | -$300M | -$50M |
| Net borrowing | -$435M | -$2.0B | -$946M | -$744M | $520M | -$1.1B | -$201M | $86M | $170M | -$11M |
| Free cash flow margin | 5.9% | 5.7% | 7.5% | 3.8% | 2.3% | 17.3% | 18.0% | 10.8% | 4.7% | 3.7% |
| Dividends per share | $0.80 | $0.79 | $0.79 | $0.80 | $0.80 | $0.78 | $0.78 | $0.78 | $0.79 | $0.80 |
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Open OLN in InvestinglyQuestions
What was Olin's revenue in 2025?
$6.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does Olin generate?
$248M in fiscal 2025 (operating cash flow minus capital spending).
From Olin's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.