Olin (OLN)
NYSE:OLN
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Olin
(NYSE:OLN)
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Rating:52Neutral
Price Target:
$29.00
▲(0.42% Upside)
Action:ReiteratedDate:02/21/26
The score is held back primarily by weakening fundamentals (shrinking revenue, severe margin compression, a 2025 net loss, and negative free cash flow alongside elevated leverage). This is partially offset by improving technical trend signals and supportive income characteristics (3.29% dividend yield), while earnings-call commentary suggests meaningful near-term headwinds but credible cost actions and liquidity discipline.
Positive Factors
Liquidity & Cash Generation
Material recent operating cash flow and a $1.0B liquidity buffer provide durable financial flexibility to fund operations, weather cyclical troughs, and execute restructuring without immediate refinancing pressure. This supports dividend continuity and funds targeted investments and cost programs over the next 2–6 months.
Negative Factors
Severe Margin Compression
Sharp gross-margin decline and a 2025 net loss indicate weakened pricing power and cost pressure. Persistent margin compression reduces free cash flow and the firm’s ability to deleverage or sustain shareholder returns absent sustained volume recovery or continued deep structural cost cuts.
Read all positive and negative factors
Positive Factors
Negative Factors
Liquidity & Cash Generation
Material recent operating cash flow and a $1.0B liquidity buffer provide durable financial flexibility to fund operations, weather cyclical troughs, and execute restructuring without immediate refinancing pressure. This supports dividend continuity and funds targeted investments and cost programs over the next 2–6 months.
Read all positive factors
Olin (OLN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.38B
Dividend Yield3.91%
Average Volume (3M)2.98M
Price to Earnings (P/E)―
Beta (1Y)1.35
Revenue Growth4.68%
EPS Growth-62.80%
CountryUS
Employees7,676
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-0.58
Shares Outstanding113,636,800
10 Day Avg. Volume2,913,241
30 Day Avg. Volume2,983,677
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)1.26
Price to Sales (P/S)0.35
P/FCF Ratio9.63
Enterprise Value/Market Cap1.95
Enterprise Value/Revenue0.97
Enterprise Value/Gross Profit13.17
Enterprise Value/Ebitda10.34
Forecast
1Y Price Target
$23.92Price Target Upside-17.17% Downside
Rating ConsensusHold
Number of Analyst Covering13
EPS Forecast (FY)-0.96
Revenue Forecast (FY)$6.77B
Olin Business Overview & Revenue Model
Company Description
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 Vinyls se...
How the Company Makes Money
Olin makes money by manufacturing and selling products across two primary operating areas: (1) Chemicals and (2) Winchester ammunition. In its Chemicals business, revenue is generated from sales of chlor-alkali products—most notably caustic soda a...
Olin Earnings Call Summary
Earnings Call Date:Jan 29, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Neutral
The call reflects a balanced outlook: material near-term operational and market headwinds (extended turnarounds, third-party outages, stranded costs, weak vinyls and chlorine demand, raw material inflation) weighed against strong cash generation, disciplined liquidity and debt management, and concrete, measurable cost-savings actions (Beyond $250) that provide a clear path to margin recovery. Management emphasizes execution, cash preservation, and cost reductions as the levers to navigate the trough and position the company for recovery.Positive Updates
Strong cash generation and liquidity
Generated approximately $321 million of operating cash flow in Q4 2025, kept year-end net debt flat versus 2024, achieved $248 million of working capital reductions in 2025, and maintained available liquidity of $1.0 billion.
Negative Updates
Q4 results significantly below expectations
Fourth quarter 2025 came in 'significantly below' expectations due to operational issues (extended Freeport turnaround), third-party raw material supply constraints impacting core alkali assets, and a sharp decline in chlorine pipeline demand in December.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong cash generation and liquidity
Generated approximately $321 million of operating cash flow in Q4 2025, kept year-end net debt flat versus 2024, achieved $248 million of working capital reductions in 2025, and maintained available liquidity of $1.0 billion.
Read all positive updates
Company Guidance
Management guided that Q1 2026 earnings will be lower than Q4 2025 due to seasonally weak demand, winter‑storm Fern shutdowns and the Freeport VCM turnaround, while epoxy is expected to return to low‑level profitability in Q1; they warned of a challenging full‑year chlor‑alkali/vinyls backdrop with rising U.S. power/nat‑gas headwinds and a ~$70M stranded‑cost impact from Dow’s PO closure (about $20M of that already offset via power optimization). Cash and liquidity targets remain priorities: Olin generated ~$321M of operating cash flow in Q4, reduced working capital by ~$248M in 2025, finished the year with ~ $1.0B of available liquidity and kept net debt flat vs. year‑end 2024, expects 2026 to be essentially a cash‑free tax year (±$20M) after refunds, but still anticipates a seasonal net‑debt increase during 2026. On cost savings, the Beyond $250 program delivered ~$44M of structural savings in 2025 and management expects an incremental $100–120M of annual savings in 2026 (including $40–50M benefit from the Stade contract and ~$10M from the Guaruga closure), remaining confident they can exceed the $250M commitment; they also noted no bonds maturing until mid‑2029 and an extended bank credit agreement to 2030/2033.Olin Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
48
Neutral
Cash Flow
42
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.78B | 6.54B | 6.83B | 9.38B | 8.91B |
| Gross Profit | 501.50M | 737.50M | 1.16B | 2.18B | 2.29B |
| EBITDA | 623.80M | 873.90M | 1.31B | 2.43B | 2.49B |
| Net Income | -42.80M | 108.60M | 460.20M | 1.33B | 1.30B |
Balance Sheet | |||||
| Total Assets | 7.33B | 7.58B | 7.71B | 8.04B | 8.52B |
| Cash, Cash Equivalents and Short-Term Investments | 167.60M | 175.60M | 170.30M | 194.00M | 180.50M |
| Total Debt | 3.39B | 3.15B | 3.02B | 2.94B | 3.16B |
| Total Liabilities | 5.40B | 5.52B | 5.44B | 5.50B | 5.87B |
| Stockholders Equity | 1.90B | 2.02B | 2.23B | 2.54B | 2.65B |
Cash Flow | |||||
| Free Cash Flow | 247.90M | 308.10M | 738.30M | 1.69B | 1.54B |
| Operating Cash Flow | 474.20M | 503.20M | 974.30M | 1.92B | 1.74B |
| Investing Cash Flow | -319.60M | -283.70M | -340.80M | -259.70M | -197.40M |
| Financing Cash Flow | -163.00M | -212.60M | -656.90M | -1.65B | -1.55B |
Olin Technical Analysis
Positive
28.88
Price Trends
24.56
Positive
22.59
Positive
22.19
Positive
Market Momentum
1.16
Negative
64.40
Neutral
90.16
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OLN, the sentiment is Positive. The current price of 28.88 is above the 20-day moving average (MA) of 25.59, above the 50-day MA of 24.56, and above the 200-day MA of 22.19, indicating a bullish trend. The MACD of 1.16 indicates Negative momentum. The RSI at 64.40 is Neutral, neither overbought nor oversold. The STOCH value of 90.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OLN.
Olin Risk Analysis
Olin disclosed 24 risk factors in its most recent earnings report. Olin reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Olin Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | $3.33B | 34.90 | 3.48% | 3.48% | 1.03% | -24.57% | |
55 Neutral | $14.94B | -6.32 | -15.50% | 2.88% | -5.32% | -1108.29% | |
54 Neutral | $2.15B | -964.31 | -0.18% | 1.37% | 0.08% | -107.33% | |
52 Neutral | $3.38B | -55.77 | -2.18% | 3.91% | 4.68% | -62.80% | |
51 Neutral | $3.31B | -4.59 | -113.20% | 4.37% | 2.12% | -579.74% | |
50 Neutral | $3.65B | -7.30 | -17.79% | ― | 19.12% | ― |
* Basic Materials Sector Average
OLN
Olin
29.73
6.77
29.46%
AVNT
Avient
36.30
0.58
1.62%
KWR
Quaker Chemical
124.23
2.51
2.07%
WLK
Westlake Corporation
116.82
19.48
20.01%
CC
Chemours Company
22.03
9.40
74.47%
PRM
Perimeter Solutions
24.42
14.22
139.41%
Olin Corporate Events
Dividends
Olin Declares Quarterly Dividend, Extending Long Payout Streak
Positive
Feb 19, 2026
On February 19, 2026, Olin’s board declared a quarterly dividend of $0.20 per share on its common stock, payable on March 13, 2026 to shareholders of record as of March 3, 2026. The decision underscores the company’s long-standing comm...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.