Orion S.A. OEC R2K
Orion S.A., together with its subsidiaries, engages in the manufacture and sale of carbon black products. The company operates in two segments, Specialty Carbon Black and Rubber Carbon Black. It offers post-treated specialty carbon black grades for coatings and printing applications, as well as high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings. The company also provides rubber carbon black products for tires, such as high-reinforcing grades and semi-reinforcing grades under the ECORAX brand, as well as for mechanical rubber goods end users, including automotive production, construction, as well as certain food, consumer, and medical applications. It operates in the United States, Brazil, rest of the Americas, Germany, South Africa, Italy, Spain, Czech republic, Poland, Italy, Turkey, France, Rest of EMEA, China, the Republic of Korea, and rest of Asia. The company was formerly known as Orion Engineered Carbons S.A. and changed its name to Orion S.A. in June 2023. Orion S.A. was founded in 1862 and is headquartered in Senningerberg, Luxembourg.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Revenue declined at -3.8% CAGR over 5 years.
- Earnings shrank at -55.3% CAGR over 5 years.
- Trading 35.5% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Basic Materials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | OEC Orion S.A. R2K | 7.64 | - | $430.81M | 1.08% | 2.15% | -21.07% | -3.82% | -55.34% |
| 2 | LIN Linde plc NDXSPX | 497.69 | 33.00 | $230.11B | 1.29% | 13.07% | 18.23% | 0.62% | 18.48% |
| 3 | NEM Newmont Corporation SPX | 109.81 | 14.24 | $117.23B | 0.95% | 22.51% | 25.83% | 23.91% | 583.84% |
| 4 | FCX Freeport-McMoRan Inc. SPX | 65.71 | 34.77 | $94.46B | 0.91% | 12.93% | 15.63% | 4.39% | -14.02% |
| 5 | SHW The Sherwin-Williams Company SPX | 303.84 | 29.16 | $74.94B | 1.05% | 20.04% | 60.72% | 2.10% | 8.34% |
| 6 | CRH CRH plc SPX | 108.79 | 20.18 | $72.69B | 1.43% | 11.33% | 15.81% | 4.60% | -1.15% |
| 7 | ECL Ecolab Inc. SPX | 256.00 | 34.59 | $72.05B | 1.14% | 14.89% | 22.43% | 4.26% | 23.88% |
| 8 | APD Air Products and Chemicals, Inc. SPX | 278.62 | 29.33 | $62.04B | 2.60% | -0.62% | 12.35% | -1.77% | -39.16% |
| 9 | NUE Nucor Corporation SPX | 250.00 | 24.80 | $56.94B | 0.90% | 8.80% | 12.29% | -7.84% | -38.80% |
Quarterly Results
Figures in USD.
| Metric | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 406.70M | 391.59M | 393.95M | 385.96M | 384.71M | 399.02M | 370.19M | 322.43M | 336.01M | 202.65M | 282.04M | 315.69M | 360.10M | 401.00M | 393.00M | 484.50M | 541.20M | 543.10M | 500.70M | 458.80M | 466.20M | 502.90M | 477.00M | - | - | 477.70M | 466.40M | 450.90M | 411.70M | 459.50M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 379.60M | 368.00M | 365.30M | 334.00M | 380.30M |
| Gross Profit | 112.40M | 112.77M | 109.16M | 95.64M | 97.97M | 104.04M | 98.71M | 88.99M | 90.19M | 33.94M | 79.18M | 89.03M | 102.50M | 110.10M | 98.70M | 117.90M | 119.80M | 114.40M | 136.40M | 117.10M | 110.20M | 122.20M | 109.80M | - | - | 98.10M | 98.40M | 85.60M | 77.70M | 79.20M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 66.90M | 66.30M | 65.80M | 60.20M | 67.80M |
| Operating Income | 45.33M | 82.46M | 41.84M | 26.67M | 34.70M | 41.47M | 38.39M | 32.60M | 37.54M | -12.88M | 24.15M | 25.57M | 42.90M | 132.50M | 40.30M | 54.60M | 52.90M | 53.60M | 73.50M | 58.90M | 45.70M | 52.80M | 41.60M | - | - | 31.20M | 32.10M | 19.80M | 17.50M | 11.40M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 62.70M | 64.10M | -20.00M | 52.60M | 44.10M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13.70M | 19.10M | 14.40M | 15.10M | 14.70M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17.50M | 13.00M | -68.10M | 2.80M | -3.30M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.90M | 4.60M | -500.00K | 22.80M | 6.70M |
| Net Income | 26.75M | 53.08M | 25.82M | 15.66M | 18.95M | 24.75M | 24.25M | 18.96M | 18.03M | -17.78M | 9.00M | 8.91M | 23.50M | 89.10M | 21.00M | 32.50M | 29.70M | 31.80M | 42.30M | 30.10M | 26.20M | 26.70M | 20.50M | - | - | 9.10M | 9.00M | -67.10M | -21.10M | -9.90M |
| Diluted EPS | 0.44 | 0.87 | 0.43 | 0.25 | 0.32 | 0.40 | 0.39 | 0.31 | 0.29 | -0.29 | 0.15 | 0.15 | 0.39 | 1.47 | 0.35 | 0.53 | 0.49 | 0.52 | 0.70 | 0.51 | 0.44 | 0.45 | 0.35 | - | - | 0.16 | 0.16 | -1.20 | -0.38 | -0.18 |
| R&D Expense | - | - | - | - | 5.13M | 4.91M | 4.79M | - | 4.96M | 4.45M | 7.35M | - | 4.70M | 6.00M | 5.70M | 5.50M | 5.90M | 4.50M | 6.20M | 5.90M | 6.20M | 6.60M | 6.50M | 7.00M | - | 6.60M | 6.50M | 6.90M | - | 7.30M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.33B | 1.58B | 1.48B | 1.14B | - | 2.03B | 1.89B | 1.88B | 1.81B |
| Cost of Revenue | - | - | - | - | - | 1.58B | 1.44B | 1.45B | 1.45B |
| Gross Profit | 377.60M | 429.97M | 389.70M | 292.30M | - | 448.80M | 451.00M | 428.80M | 359.80M |
| Operating Expenses | - | - | - | - | - | 251.70M | 245.70M | 266.80M | 258.40M |
| Operating Income | 137.87M | 196.31M | 147.20M | 74.40M | - | 197.10M | 205.30M | 162.00M | 101.40M |
| EBITDA | - | - | - | - | - | 302.80M | 327.20M | 228.00M | 159.40M |
| Interest Expense | - | - | - | - | - | 39.90M | 50.90M | 49.40M | 62.30M |
| Pretax Income | - | - | - | - | - | 157.20M | 163.30M | 53.30M | -34.80M |
| Tax Provision | - | - | - | - | - | 51.50M | 60.30M | 9.70M | 35.80M |
| Net Income | 64.86M | 121.31M | 86.90M | 18.20M | - | 106.20M | 103.50M | 44.20M | -70.10M |
| Diluted EPS | 1.07 | 1.99 | 1.42 | 0.30 | - | 1.73 | 1.73 | 0.76 | -1.24 |
| R&D Expense | 18.16M | 20.32M | 19.90M | 20.20M | 22.00M | 21.70M | 24.50M | 27.10M | 27.50M |
Compounded Sales Growth
| 5 Years: | -3.82% |
| 1 Year: | -3.80% |
Compounded Profit Growth
| 5 Years: | -55.34% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -29.27% |
| 6 Months: | +51.67% |
| 3 Months: | +34.88% |
| 1 Month: | +2.00% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 1.16B | 1.27B | 1.26B | 1.39B | - | 1.89B | 1.83B | 1.86B | 1.91B |
| Current Assets | - | - | - | - | - | - | 778.50M | 646.10M | 613.30M | 643.80M |
| Cash & Equivalents | - | 72.28M | 57.02M | 63.70M | 64.90M | - | 60.80M | 37.50M | 44.20M | 60.70M |
| Inventory | - | - | - | - | - | - | 277.90M | 287.10M | 290.40M | 277.30M |
| Receivables | - | - | - | - | - | - | 367.80M | 241.00M | 211.90M | 213.60M |
| Total Liabilities | - | - | - | - | - | - | 1.43B | 1.35B | 1.38B | 1.52B |
| Current Liabilities | - | - | 320.34M | 285.21M | 324.70M | - | 552.80M | 440.30M | 516.70M | 626.40M |
| Long Term Debt | - | - | 643.75M | 630.26M | 655.80M | - | 657.00M | 677.30M | 647.00M | 674.50M |
| Total Debt | - | - | - | - | - | - | 1.01B | 927.20M | 1.03B | 1.11B |
| Total Equity | 54.69M | 95.31M | 158.90M | 186.00M | 181.00M | - | 459.40M | 478.50M | 474.90M | 384.60M |
| Shares Outstanding | - | - | - | - | - | - | 60.99M | 60.99M | 60.99M | 60.99M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 147.74M | 121.98M | 231.50M | 125.30M | - | 81.00M | 345.90M | 125.30M | 215.80M |
| Investing Cash Flow | -90.28M | -88.06M | -155.80M | -144.90M | - | -232.80M | -172.80M | -206.70M | -161.00M |
| Financing Cash Flow | -68.50M | -43.77M | -68.60M | 13.50M | - | 149.30M | -197.10M | 89.30M | -41.20M |
| Capital Expenditure | -98.98M | -111.06M | -158.70M | -138.80M | - | -232.80M | -172.80M | -206.70M | -161.00M |
| Free Cash Flow | 48.76M | 10.93M | 72.80M | -13.50M | - | -151.80M | 173.10M | -81.40M | 54.80M |
| Net Change in Cash | - | - | - | - | - | -2.50M | -24.00M | 7.90M | 13.60M |
| Share Buybacks | 0 | 4.93M | 0 | 0 | 0 | 4.30M | 65.60M | 26.60M | 24.80M |
| Dividends Paid | 45.70M | 47.66M | 48.10M | 12.00M | 0 | 5.00M | 4.90M | 4.80M | 4.70M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 28.4% | 27.2% | 26.4% | 25.7% | - | 22.1% | 23.8% | 22.8% | 19.9% |
| Operating Margin % | 10.4% | 12.4% | 10.0% | 6.5% | - | 9.7% | 10.8% | 8.6% | 5.6% |
| Net Margin % | 4.9% | 7.7% | 5.9% | 1.6% | - | 5.2% | 5.5% | 2.4% | -3.9% |
| ROE % | 68.1% | 76.3% | 46.7% | 10.1% | - | 23.1% | 21.6% | 9.3% | -18.2% |
| ROCE % | - | 20.6% | 15.1% | 7.0% | - | 14.8% | 14.7% | 12.1% | 7.9% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Pzena Investment Management LLC | 8.16% | 4.60M | $35.14M |
| 2 | Blackrock Inc. | 7.03% | 3.96M | $30.27M |
| 3 | Divisar Capital Management LLC | 6.33% | 3.57M | $27.25M |
| 4 | American Century Companies Inc | 4.45% | 2.51M | $19.15M |
| 5 | Shaw D.E. & Co., Inc. | 4.39% | 2.48M | $18.92M |
| 6 | Dimensional Fund Advisors LP | 3.65% | 2.06M | $15.74M |
| 7 | AQR Capital Management, LLC | 3.47% | 1.95M | $14.93M |
| 8 | Invesco Ltd. | 3.06% | 1.73M | $13.18M |
| 9 | Charles Schwab Investment Management, Inc. | 2.66% | 1.50M | $11.45M |
| 10 | Morgan Stanley | 2.54% | 1.43M | $10.93M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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