Orion S.A. OEC

Healthcare SIC 2890 - Miscellaneous Chemical Products NAICS Manufacturing › Chemical Manufacturing derived NYSE

Orion S.A. ("Orion", "Company", "we" or "our"), is a Luxembourg joint stock corporation (société anonyme or S.A.), incorporated in 2014 as a Luxembourg limited liability company (société à responsabilité limitée). Our registered office is located at 6, Route de Trèves, L-2633 Senningerberg (Municipality of Niederanven), Grand Duchy of Luxembourg. Our principal executive office is located in Spring, Texas, U.S.

We are one of the largest global producers of Specialty and Rubber Carbon Black. Carbon black is a powdered form of carbon that is used to create a variety of desired physical, electrical and optical qualities of various materials. Carbon black products are primarily used as additives for the production of polymers, batteries, printing inks and coatings ("Specialty Carbon Black" or "Specialty") and in the reinforcement of tires and other rubber applications ("Rubber Carbon Black" or "Rubber"). Our core competencies include the ability to engineer the physical properties of carbon black to meet the functional needs of our customers.

Last close 5.45 2026-10-23
Market cap $308.0M 2026-06-30 share count
52-week range 4.34 - 8.64

Valuation FY2025 figures against the last close

P/S0.2x
P/E—
P/FCF5.6x
EV/EBITDA7.7x
Dividend yield1.5%
Diluted EPS-1.24

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.81B$1.88B$1.89B$2.03B$1.55B$1.14B$1.48B$1.58B$1.33B$1.14B
Cost of revenue $1.45B$1.45B$1.44B$1.58B$1.16B$844.1M$1.09B$1.15B$950.7M$764.9M
Gross profit $359.8M$428.8M$451.0M$448.8M$386.6M$292.3M$389.7M$430.0M$377.6M$374.4M
R&D $27.5M$27.1M$24.5M$21.7M$22.0M$20.2M$19.9M$20.3M$18.2M$16.1M
SG&A $230.7M$237.8M$221.9M$227.1M$210.4M$176.1M$206.9M$231.9M$207.5M$202.5M
Operating income $27.5M$102.7M$205.3M$197.1M$228.5M$74.4M$147.2M$196.3M$137.9M$116.8M
Interest expense ——$50.9M$39.9M$38.0M$38.7M$27.6M$28.6M$44.1M$43.3M
Pre-tax income -$34.3M$53.9M$163.8M$157.7M$186.4M$26.3M$120.2M$168.3M$84.6M$73.9M
Income tax $35.8M$9.7M$60.3M$51.5M$51.7M$8.1M$33.3M$46.9M$19.7M$24.4M
Net income -$70.0M$44.0M$104.0M$106.0M$135.0M$18.2M$86.9M$121.3M$64.9M$49.5M
EPS, basic -1.240.761.751.742.220.301.452.041.090.83
EPS, diluted -1.240.761.731.732.210.301.421.991.070.82
Shares, diluted (wtd. avg.) 56.3M58.4M60.0M61.4M61.0M61.4M61.3M61.0M60.7M60.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $60.7M$44.2M$37.5M$63.4M$68.5M$67.9M$68.2M$61.6M$75.2M$80.5M
Receivables $213.6M$211.9M$241.0M$367.8M$288.9M$234.8M$212.6M$262.8M$234.3M—
Inventory $277.3M$290.4M$287.1M$277.9M$229.8M$141.5M$164.8M$183.6M$159.3M—
Total current assets $643.8M$613.3M$646.1M$778.5M$665.0M$500.5M$507.7M$575.3M$522.1M—
Property, plant and equipment ———————$483.5M$462.1M—
Goodwill $0$71.5M$76.1M$73.4M$78.0M$84.5M$77.4M$55.5M$58.2M$51.1M
Other intangibles $14.2M$18.5M$25.5M$27.8M$36.3M$46.8M$50.6M$95.2M$70.7M—
Total assets $1.91B$1.86B$1.83B$1.89B$1.63B$1.39B$1.26B$1.27B$1.16B$1.06B
Accounts payable $197.0M$156.2M$183.7M$184.1M$195.1M$131.2M$156.3M$163.6M$169.6M—
Short-term debt $305.0M$258.8M$137.0M$258.3M$151.7M$82.6M$36.4M$41.0M$6.0M—
Total current liabilities $626.4M$516.7M$440.3M$552.8M$448.7M$324.7M$285.2M$320.3M$285.2M—
Long-term debt $674.5M$647.0M$677.3M$657.0M$631.2M$655.8M$630.3M$643.7M$681.1M—
Retained earnings $382.2M$457.0M$417.6M$319.0M$217.8M$84.4M$78.3M$39.4M-$81.9M—
Total equity $384.6M$474.9M$478.5M$459.4M$319.7M$181.0M$186.0M$158.9M$95.3M$54.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $215.8M$125.3M$345.9M$81.0M$145.2M$125.3M$231.5M$122.0M$147.7M$177.4M
Depreciation and amortisation $131.9M$125.3M$113.0M$105.7M$104.1M$96.6M$96.7M$98.2M$98.4M$88.1M
Stock-based compensation $13.6M$15.3M$15.4M$7.7M$5.2M$4.4M$9.4M$13.9M$8.8M$4.0M
Capital expenditure $161.0M$206.7M$172.8M$232.8M$214.7M$138.8M$158.7M$111.1M$99.0M$66.3M
Investing cash flow -$161.0M-$206.7M-$172.8M-$232.8M-$214.7M-$144.9M-$155.8M-$88.1M-$90.3M-$68.5M
Financing cash flow -$41.2M$89.3M-$197.1M$149.3M$73.3M$13.5M-$68.6M-$43.8M-$68.5M-$101.8M
Dividends paid $4.7M$4.8M$4.9M$5.0M$0$12.0M$48.1M$47.7M$45.7M$44.1M
Buybacks $24.8M$26.6M$65.6M$4.3M$0$0$0$4.9M$0$3.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001308179-26-000347.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 1.1B Gross profit, FY2016: 374.4M Net income, FY2016: 49.5M Revenue, FY2017: 1.3B Gross profit, FY2017: 377.6M Net income, FY2017: 64.9M Revenue, FY2018: 1.6B Gross profit, FY2018: 430M Net income, FY2018: 121.3M Revenue, FY2019: 1.5B Gross profit, FY2019: 389.7M Net income, FY2019: 86.9M Revenue, FY2020: 1.1B Gross profit, FY2020: 292.3M Net income, FY2020: 18.2M Revenue, FY2021: 1.5B Gross profit, FY2021: 386.6M Net income, FY2021: 135M Revenue, FY2022: 2B Gross profit, FY2022: 448.8M Net income, FY2022: 106M Revenue, FY2023: 1.9B Gross profit, FY2023: 451M Net income, FY2023: 104M Revenue, FY2024: 1.9B Gross profit, FY2024: 428.8M Net income, FY2024: 44M Revenue, FY2025: 1.8B Gross profit, FY2025: 359.8M Net income, FY2025: -70M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.14B $1.33B $1.58B $1.48B $1.14B $1.55B $2.03B $1.89B $1.88B $1.81B
Gross profit $374.4M $377.6M $430.0M $389.7M $292.3M $386.6M $448.8M $451.0M $428.8M $359.8M
Net income $49.5M $64.9M $121.3M $86.9M $18.2M $135.0M $106.0M $104.0M $44.0M -$70.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event Item 8.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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