Olin Corporation (OLN) Stock

Olin Corporation (OLN) is a Materials stock trading at $18.40 (as of 2026-08-21), with a market capitalization of $2.10B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Olin Corporation manufactures and distributes chemical products and sporting ammunition. It operates in three segments: Chlor Alkali Products and Vinyls, Epoxy, and Winchester, producing items such as chlorine and caustic soda, vinyl and related intermediates, epoxy materials and resins, and shotshell and small caliber ammunition.

Understand Olin Corporation: how it makes money

Olin manufactures and distributes chemical products, including chlor-alkali and vinyls, epoxy, and products in its Winchester segment, and it makes money by selling these products.

Olin's profit comes from turning segment sales into segment earnings, and the company tracks that conversion through production utilization, including Chloralkali Operating Rate and Epoxy Resin Operating Rate, alongside volume mix metrics like third-party volume purchases as a percentage of volumes.

Revenue by segment (latest quarter)
ChlorAlkaliVinyls$0.8B
Winchester$0.5B
Epoxy$0.4B

Business quality (Weak): Clear segment structure (three reportable segments) and multiple operating utilization indicators, but current profitability is weak, with negative operating margin and very small segment earnings relative to segment sales in the provided period.

Bull case

  • Diversified segment mix across three reportable businesses: Segment sales are spread across Chlor Alkali Products and Vinyls (0.76B), Winchester (0.47B), and Epoxy (0.36B).
  • Measured operating utilization for core chemical production: The company discloses operating rate metrics, including Chloralkali Operating Rate (50%) and Epoxy Resin Operating Rate (40%), which can help investors track how production capacity is being used.
  • Winchester demand mix signal: Winchester shows Military Revenue Percentage (Winchester) of 62%.

Bear case

  • Negative overall operating profitability in the latest period provided: For the period ending 2026-03-31, operating margin is -4.9%.
  • Segment earnings are small versus segment sales in the provided figures: Chlor Alkali Products and Vinyls Segment Earnings are 0.01B against Segment Sales of 0.76B, and both Epoxy and Winchester show Segment Earnings of 0.02B.
  • Cost actions suggest pressure: The company reports Site Headcount Reduction of 15%.
Valuation — source: SEC EDGAR (first-party)
Price$18.40
Market Cap$2.10B
EV / EBITDA12.6
Price / Book1.23
Price / Sales0.31
FCF Yield4.8%
DCF Value (model)$46.22
DCF Upside vs Price151.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$6.78B
Net Margin-1.5%
Revenue Growth (YoY)-0.9%
EPS Growth (YoY)1100.0%
FCF Growth (YoY)-111.6%
Financial Health — source: SEC EDGAR
Altman Z-Score1.62 (distress)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Materials)25.9
Industry P/E (Chemicals)31.1
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderHOTCHKIS & WILEY CAPITAL MANAGEMENT LLC ($448.45M)
Institutional Holders Tracked10
Company
SectorMaterials
IndustryChemicals
CEOKenneth Todd Lane
Employees7,676
CountryUS
IPO Date1987-12-30

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OLN earnings history · OLN institutional & insider holders · OLN KPIs & operating metrics · OLN financials · OLN investor presentations & press releases · OLN SEC filings · OLN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.