Orion S.A. (OEC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.15	$0.14	-6.7%	—	$500.9M	—
Q1 26	-$0.14	-$0.16	-14.3%	—	$459.5M	—
Q4 25	-$0.08	-$0.34	-325.0%	—	$411.7M	—
Q3 25	$0.25	$0.29	+16.0%	—	$450.9M	—
Q2 25	$0.34	$0.32	-5.9%	—	$466.4M	—
Q1 25	$0.43	$0.22	-48.8%	—	$477.7M	—
Q4 24	$0.22	$0.35	+59.1%	—	$434.2M	—
Q3 24	$0.47	$0.38	-19.1%	—	$463.4M	—
Q2 24	$0.56	$0.41	-26.8%	—	$477M	—
Q1 24	$0.48	$0.52	+8.3%	—	$502.9M	—
Q4 23	$0.34	$0.17	-50.0%	—	$468.2M	—
Q3 23	$0.46	$0.49	+6.5%	—	$466.2M	—
Q2 23	$0.52	$0.53	+1.9%	—	$458.8M	—
Q1 23	$0.53	$0.74	+39.6%	—	$500.7M	—
Q4 22	$0.17	$0.26	+52.9%	—	$462.1M	—
Q3 22	$0.56	$0.57	+1.8%	—	$543.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$1.24	—	—	$1.8B	—
FY24	—	$0.76	—	—	$1.9B	—
FY23	—	$1.75	—	—	$1.9B	—
FY22	—	$1.74	—	—	$2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.1B	$1.3B	$1.6B	$1.5B	$1.1B	$1.5B	$2B	$1.9B	$1.9B	$1.8B
YoY change	-6.27%	+16.6%	+18.8%	-6.45%	-23%	+36.1%	+31.3%	-6.75%	-0.87%	-3.77%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.1B	1.3B	1.6B	1.5B	1.1B	1.5B	2B	1.9B	1.9B	1.8B
Cost of revenue	764.9M	950.7M	1.1B	1.1B	844.1M	1.2B	1.6B	1.4B	1.4B	1.4B
Gross profit	374.4M	377.6M	430M	389.7M	292.3M	386.6M	448.8M	451M	428.8M	359.8M
Gross margin	32.9%	28.4%	27.2%	26.4%	25.7%	25%	22.1%	23.8%	22.8%	19.9%
Research & development	16.1M	18.2M	20.3M	19.9M	20.2M	22M	21.7M	24.5M	27.1M	27.5M
Selling, general & administrative	202.5M	207.5M	231.9M	206.9M	176.1M	210.4M	227.1M	221.9M	237.8M	230.7M
Operating expenses	227.6M	233.2M	258.3M	242.5M	217.9M	241M	251.7M	245.7M	266.8M	258.4M
Operating income	146.9M	144.4M	171.7M	147.2M	74.4M	145.6M	197.1M	205.3M	162M	101.4M
Operating margin	12.9%	10.9%	10.9%	9.97%	6.55%	9.41%	9.71%	10.8%	8.63%	5.61%
Non-operating income, net	-30.2M	-16.2M	24.6M	-3.6M	-9.9M	78.1M	—	8.9M	-59.3M	-73.9M
Pretax income	73.4M	84M	167.7M	119.6M	25.8M	185.7M	157.2M	163.3M	53.3M	-34.8M
Income tax	24.4M	19.7M	46.9M	33.3M	8.1M	51.7M	51.5M	60.3M	9.7M	35.8M
Net income	49.5M	64.9M	121.3M	86.9M	18.2M	134.7M	106.2M	103.5M	44.2M	-70.1M
Net margin	4.35%	4.88%	7.69%	5.89%	1.6%	8.71%	5.23%	5.46%	2.35%	-3.88%
EBITDA	234.9M	233M	269.8M	243.9M	161.1M	244.9M	302.8M	327.2M	287.3M	233.3M
EPS	0.79	1.27	2.04	1.45	0.3	2.22	1.74	1.75	0.76	-1.24
Diluted EPS	0.78	1.24	1.99	1.42	0.3	2.21	1.73	1.73	0.76	-1.24

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	466.2M	468.2M	502.9M	477M	463.4M	434.2M	477.7M	466.4M	450.9M	411.7M	459.5M	500.9M
Cost of revenue	356M	380.9M	380.7M	367.2M	355.9M	344.9M	379.6M	368M	365.3M	334M	380.3M	407.9M
Gross profit	110.2M	87.3M	122.2M	109.8M	107.5M	89.3M	98.1M	98.4M	85.6M	77.7M	79.2M	93M
Gross margin	23.6%	18.6%	24.3%	23%	23.2%	20.6%	20.5%	21.1%	19%	18.9%	17.2%	18.6%
Research & development	6.2M	6.2M	6.6M	6.5M	7M	7M	6.6M	6.5M	6.9M	7.5M	7.3M	7.2M
Selling, general & administrative	55.6M	53.6M	61.5M	60.3M	57.9M	58.1M	58.4M	57.7M	57.5M	57.1M	59.1M	62.7M
Operating expenses	64.5M	60.1M	69.4M	68.2M	62.1M	67.1M	66.9M	66.3M	65.8M	60.2M	67.8M	71.7M
Operating income	45.7M	27.2M	52.8M	41.6M	45.4M	22.2M	31.2M	32.1M	19.8M	17.5M	11.4M	21.3M
Operating margin	9.8%	5.81%	10.5%	8.72%	9.8%	5.11%	6.53%	6.88%	4.39%	4.25%	2.48%	4.25%
Non-operating income, net	2.2M	2.2M	—	—	-60.7M	1.4M	—	—	-73.5M	400K	—	—
Pretax income	35M	20.1M	40.1M	29.4M	-31.2M	15M	17.5M	13M	-68.1M	2.8M	-3.3M	5M
Income tax	8.9M	15.3M	13.5M	9.1M	-10.8M	-2.1M	8.9M	4.6M	-500K	22.8M	6.7M	3.4M
Net income	26.2M	4.9M	26.7M	20.5M	-20.2M	17.2M	9.1M	9M	-67.1M	-21.1M	-9.9M	1.8M
Net margin	5.62%	1.05%	5.31%	4.3%	-4.36%	3.96%	1.9%	1.93%	-14.9%	-5.13%	-2.15%	0.36%
EBITDA	75.8M	61.6M	81.7M	71.9M	76.2M	57.5M	62.7M	64.1M	53.5M	52.2M	44.1M	54.2M
EPS	0.45	0.08	0.46	0.35	-0.35	0.3	0.16	0.16	-1.2	-0.38	-0.18	0.03
Diluted EPS	0.44	0.08	0.45	0.35	-0.35	0.3	0.16	0.16	-1.2	-0.38	-0.18	0.03

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.1B	1.5B	1.5B	1.2B	1B	1.1B	1.1B	1.6B	919.3M	297.4M	331M
Enterprise value	1.7B	2.1B	2.1B	1.8B	1.8B	1.9B	2B	2.5B	1.9B	1.3B	1.4B
Shares outstanding	59.4M	59.3M	59.6M	60M	60.4M	60.7M	60.9M	59M	58.2M	56.3M	56.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	22.6	23.4	12.4	13.3	56.9	8.27	10.2	15.8	20.8	—	16.7
P/S	0.98	1.14	0.95	0.78	0.91	0.72	0.53	0.86	0.49	0.16	0.18
P/B	20.1	15.9	9.48	6.22	5.72	3.49	2.36	3.42	1.94	0.77	0.87
EV/EBITDA	7.18	9.14	7.86	7.29	11.1	7.83	6.73	7.72	6.62	5.78	6.98
EV/Sales	1.48	1.6	1.34	1.2	1.58	1.24	1	1.33	1.01	0.75	0.78
Earnings yield	4.43%	4.27%	8.06%	7.51%	1.76%	12.1%	9.79%	6.33%	4.81%	—	6%
FCF yield	9.53%	3.78%	0.39%	6.54%	-1.89%	-6.24%	-14%	10.6%	-8.85%	18.4%	14%
PEG	—	—	—	—	—	—	—	—	—	—	-0.21

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	32.9%	28.4%	27.2%	26.4%	25.7%	25%	22.1%	23.8%	22.8%	19.9%	18.6%
Operating margin	12.9%	10.9%	10.9%	9.97%	6.55%	9.41%	9.71%	10.8%	8.63%	5.61%	4.25%
Net margin	4.35%	4.88%	7.69%	5.89%	1.6%	8.71%	5.23%	5.46%	2.35%	-3.88%	-5.28%
ROE	89%	68.1%	76.3%	46.7%	10.1%	42.1%	23.1%	21.6%	9.31%	-18.2%	-22.7%
ROA	4.71%	5.57%	9.53%	6.91%	1.31%	8.26%	5.62%	5.65%	2.38%	-3.67%	2.21%
ROIC	15.8%	15.6%	16%	13.2%	5.44%	9.37%	9.38%	9.46%	9.09%	7.06%	5.23%
Return on tangible assets	6.31%	7.15%	12.5%	8.68%	1.61%	9.6%	7.18%	7.64%	2.9%	-4.09%	-4.9%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.89	1.83	1.8	1.78	1.54	1.48	1.41	1.47	1.19	1.03	1.02
Quick ratio	1.37	1.27	1.22	1.2	1.11	0.97	0.91	0.82	0.62	0.59	0.64
Debt / equity	11.7	7.21	4.31	3.74	4.56	2.71	2.21	1.94	2.16	2.89	3.02
Debt / assets	0.62	0.59	0.54	0.55	0.59	0.53	0.54	0.51	0.55	0.58	0.51
Net debt / EBITDA	2.41	2.62	2.28	2.54	4.7	3.27	3.15	2.72	3.42	4.51	4.7
Interest coverage	2.7	2.9	6.85	5.33	1.67	5.89	4.94	4.21	2.08	0.44	-0.05
Effective tax rate	33.2%	23.5%	28%	27.8%	31.4%	27.8%	32.8%	36.9%	18.2%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	19.2	22.4	26.5	24.6	18.8	25.5	33.3	32.1	32.2	32.1	32.4
EPS (basic)	0.79	1.27	2.04	1.45	0.3	2.22	1.74	1.75	0.76	-1.24	-1.24
EPS (diluted)	0.78	1.24	1.99	1.42	0.3	2.21	1.73	1.73	0.76	-1.24	-1.7
Book value per share	0.94	1.61	2.67	3.1	3	5.27	7.54	8.11	8.16	6.83	6.73
FCF per share	1.8	0.97	0.1	1.26	-0.32	-1.14	-2.49	2.93	-1.4	0.97	0.45
Cash per share	1.4	1.28	1.17	1.25	1.13	1.08	1	0.64	0.76	1.08	0.9
Capex per share	—	—	—	—	2.4	3.54	3.82	2.93	3.55	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	12.8%	13.9%	11.5%	9.12%	11%	—	—
Capex / operating cash flow	—	—	—	—	139.5%	135.7%	336.9%	49.1%	142.7%	—	—
Payout ratio	89.1%	70.5%	39.3%	55.4%	65.9%	0%	4.71%	4.73%	10.9%	-6.7%	30.7%
Dividend yield	3.94%	3.01%	3.17%	4.15%	1.16%	0%	0.46%	0.3%	0.52%	1.58%	1.43%

Yield

1.43%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.021

ex-dividend Jul 6, 2026

Payout ratio

31%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 6, 2026	$0.021
Jun 10, 2026	$0.021
Mar 12, 2026	$0.021
Jul 7, 2025	$0.021
Jun 11, 2025	$0.021
Mar 13, 2025	$0.0207
Dec 13, 2024	$0.0207

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$466.2M	$468.2M	$502.9M	$477M	$463.4M	$434.2M	$477.7M	$466.4M	$450.9M	$411.7M	$459.5M	$500.9M
YoY change	-14.2%	+1.32%	+0.44%	+3.97%	-0.6%	-7.26%	-5.01%	-2.22%	-2.7%	-5.18%	-3.81%	+7.4%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	83.3M	76.2M	69.6M	75.1M	68.5M	65.7M	60.8M	37.5M	44.2M	60.7M
Receivables	200.4M	234.3M	262.8M	212.6M	234.8M	288.9M	367.8M	241M	211.9M	213.6M
Inventory	120.3M	159.3M	183.6M	164.8M	141.5M	229.8M	277.9M	287.1M	290.4M	277.3M
Total current assets	435.1M	522.1M	575.3M	507.7M	500.5M	665M	778.5M	646.1M	613.3M	643.8M
Property, plant & equipment	407.8M	462.1M	483.5M	561.6M	696.1M	792.5M	812M	872.6M	1B	1.1B
Goodwill & intangibles	266.1M	257.8M	301.6M	255.9M	262.6M	228.6M	410.6M	479.4M	331.8M	192.6M
Total assets	1.1B	1.2B	1.3B	1.3B	1.4B	1.6B	1.9B	1.8B	1.9B	1.9B
Accounts payable	129.3M	169.6M	163.6M	156.3M	131.2M	195.1M	184.1M	183.7M	156.2M	197M
Short-term debt	4.8M	6M	41M	44M	94.7M	163.3M	268.7M	149.6M	274M	319.5M
Total current liabilities	229.9M	285.2M	320.3M	285.2M	324.7M	448.7M	552.8M	440.3M	516.7M	626.4M
Long-term debt	645.3M	681.1M	643.7M	651.7M	730.3M	704.2M	744.9M	777.6M	753.5M	792.5M
Total liabilities	994.6M	1.1B	1.1B	1.1B	1.2B	1.3B	1.4B	1.4B	1.4B	1.5B
Shareholders' equity	55.6M	95.3M	158.9M	186M	181M	319.7M	459.4M	478.5M	474.9M	384.6M
Total debt	650M	687.2M	684.8M	695.7M	825M	867.5M	1B	927.2M	1B	1.1B
Net debt	572.3M	614.9M	627.8M	632M	760.1M	801.8M	952.8M	889.7M	983.3M	1.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	59.1M	37.5M	43.9M	34.2M	53.2M	44.2M	37.5M	42.6M	51.3M	60.7M	50.5M	50.8M
Receivables	267.3M	241M	269.7M	272.2M	267.9M	211.9M	274M	270M	265.1M	213.6M	270.5M	300.4M
Inventory	276.9M	287.1M	277.5M	284.5M	306.7M	290.4M	297M	285.7M	278.9M	277.3M	251M	275.5M
Total current assets	680.7M	646.1M	677.5M	677.9M	718.1M	613.3M	688.6M	682.5M	683.5M	643.8M	661.5M	733.6M
Property, plant & equipment	955.8M	872.6M	1B	1B	1.1B	1B	1.1B	1.2B	1.2B	1.1B	1.2B	1.2B
Goodwill & intangibles	196.4M	479.4M	195.6M	192.4M	197.4M	331.8M	184M	195.8M	31.6M	192.6M	23.8M	19.8M
Total assets	1.8B	1.8B	1.9B	1.9B	2B	1.9B	2B	2B	2B	1.9B	1.9B	2B
Accounts payable	170.9M	183.7M	183.8M	186.2M	174.7M	156.2M	180M	173.4M	181.4M	197M	168M	218M
Short-term debt	149.1M	149.6M	144.8M	173.6M	293.8M	274M	313M	342M	329.6M	319.5M	351.2M	356.8M
Total current liabilities	449.3M	440.3M	468.8M	489.3M	577.9M	516.7M	601.9M	620.8M	635.3M	626.4M	659.7M	715.6M
Long-term debt	662.8M	777.6M	668.7M	660.7M	676.7M	753.5M	659.5M	680.2M	680.6M	792.5M	662.5M	652.9M
Total liabilities	1.4B	1.4B	1.4B	1.4B	1.5B	1.4B	1.5B	1.6B	1.6B	1.5B	1.6B	1.6B
Shareholders' equity	482.9M	478.5M	492.2M	503.9M	476.3M	474.9M	466.1M	466.5M	401.8M	384.6M	379.5M	380.3M
Total debt	811.9M	927.2M	813.5M	834.3M	970.5M	1B	972.5M	1B	1B	1.1B	1B	1B
Net debt	752.8M	889.7M	769.6M	800.1M	917.3M	983.3M	935M	979.6M	958.9M	1.1B	963.2M	958.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	49.5M	64.9M	121.3M	86.9M	18.2M	134.7M	106.2M	103.5M	44.2M	-70.1M
Depreciation & amortization	88.1M	98.4M	98.2M	96.7M	96.6M	104.1M	105.7M	113M	125.3M	131.9M
Stock-based compensation	4M	8.8M	13.9M	9.4M	4.4M	5.2M	7.7M	15.4M	15.3M	13.6M
Change in working capital	12.5M	-9.6M	-118.8M	24.9M	-5.3M	-108.4M	-159.3M	110.2M	-23.6M	70.9M
Operating cash flow	164M	174.1M	114.4M	237.7M	103.9M	158.2M	69.1M	351.9M	144.8M	215.8M
Capital expenditure	—	—	—	—	-144.9M	-214.7M	-232.8M	-172.8M	-206.7M	—
Investing cash flow	0	0	-36.6M	0	-144.9M	-214.7M	-232.8M	-172.8M	-206.7M	—
Dividends paid	-44.1M	-45.7M	-47.7M	-48.1M	-12M	0	-5M	-4.9M	-4.8M	-4.7M
Share repurchases	-3.8M	0	-4.9M	0	0	0	-4.3M	-65.6M	-26.6M	-24.8M
Financing cash flow	-101.9M	-68.5M	-43.8M	-68.6M	13.5M	73.3M	149.3M	-197.1M	89.3M	-41.2M
Net change in cash	62.1M	105.6M	34M	169.1M	-27.5M	16.8M	-14.4M	-18M	27.4M	174.6M
Free cash flow	106.6M	57.5M	5.8M	75.7M	-19.6M	-69.5M	-151.8M	173.1M	-81.4M	54.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	26.2M	4.9M	26.7M	20.5M	-20.2M	17.2M	9.1M	9M	-67.1M	-21.1M	-9.9M	1.8M
Depreciation & amortization	27.9M	32.2M	28.9M	30.3M	30.8M	35.3M	31.5M	32M	33.7M	34.7M	32.7M	32.9M
Stock-based compensation	3.6M	7.1M	3.5M	3M	4.8M	4M	2.7M	3.6M	3.7M	3.6M	1.4M	3M
Change in working capital	-1.5M	30M	-29.8M	-13.5M	-6.4M	26.1M	-39.5M	24.4M	25.9M	60.1M	-40.3M	-4.8M
Operating cash flow	61.5M	77.2M	25.4M	39M	3.3M	77.1M	-1.2M	53.7M	68.8M	92.9M	-12.4M	27.3M
Capital expenditure	-41.9M	-61.8M	-33.1M	-54.7M	-47.9M	-71M	-29.2M	—	—	—	—	—
Investing cash flow	-41.9M	-61.8M	-33.1M	-54.7M	-47.9M	-71M	-29.2M	—	—	—	—	—
Dividends paid	-1.2M	-1.2M	-1.2M	-1.2M	-1.2M	-1.2M	-1.2M	-1.2M	-1.1M	-1.2M	-1.2M	-1.1M
Share repurchases	-9.4M	-6.7M	0	-6.8M	-11.1M	-8.7M	-19.8M	-5M	0	0	-800K	0
Financing cash flow	-44.2M	-32.2M	7M	16.5M	95.8M	-30M	21.8M	-7.8M	-19.5M	-35.7M	39.6M	-2.2M
Net change in cash	-24.6M	-16.8M	-700K	800K	51.2M	-23.9M	-8.6M	45.9M	49.3M	57.2M	27.2M	25.1M
Free cash flow	25.6M	10.4M	-700K	-25.4M	-78.8M	23.5M	-28.8M	11.5M	27.9M	44.2M	-48.5M	1.9M

Orion S.A. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement