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Orion S.A. (OEC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Orion S.A. (OEC) Q3 2026 earnings results →
Q3 2026 Revenue up 5% year over year to $473M · 1¢ of every $1 of revenue lost · operating margin 4.8%
Orion S.A. made $473M in Q3 2026 (+5% Y/Y). Operating margin 4.8%, net loss $3.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $472.8M in Q3 2026, up 5% year over year and down 6% from the previous quarter.
Gross margin was 19.2%, up 0.2 points from Q3 2025. Operating profit was $22.8M, a 4.8% margin (up 16.7 points year over year). Operating expenses fell 51% while revenue rose 5%. The quarter ended with a net loss of $3.1M, after a profit of $1.8M the previous quarter. Net interest and other expense of $17.7M was the main reason.
Operating cash flow was $57.8M (down 16% year over year). Non-cash charges added back $39.6M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $18.2M. After net cash used in investing activities ($11.8M), free cash flow as the company reports it was $46.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $473M | +5% | 4.8% | −$3.1M | $57.8M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $501M | +7% | 4.3% | $1.8M | $27.3M |
| Q1 2026 | 10-Q | May 6, 2026 | $460M | -4% | 2.5% | −$9.9M | −$12.4M |
| Q4 2025 | 10-K | Feb 17, 2026 | $412M | -5% | 4.3% | −$21.1M | $92.9M |
| Q3 2025 | 10-Q | Nov 4, 2025 | $451M | -3% | -11.9% | −$67.1M | $68.8M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $466M | -2% | 6.9% | $9.0M | $53.7M |
| Q1 2025 | 10-Q | May 7, 2025 | $478M | -5% | 6.5% | $9.1M | $400K |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Orion S.A.
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.
In its own words, from its 10-K, filed Feb 17, 2026.
Orion S.A. against its Miscellaneous Chemical Products peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +9%. Operating margin: 4.8% against the peers' median 8.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| OEC Orion S.A. | Q3 2026 | $473M | +5% | 4.8% |
| CBT Cabot | Q4 FY26 | $1.0B | +12% | 12.0% |
| ESI Element Solutions | Q3 2026 | $995M | +52% | 11.4% |
| WDFC WD 40 | Q4 FY26 | $177M | +8% | 10.8% |
| FTK Flotek Industries | Q3 2026 | $114M | +104% | 15.7% |
| ARQ Arq | Q3 2026 | $38.2M | +9% | 8.2% |
| FSI Flexible Solutions International | Q2 2026 | $7.6M | -33% | -29.2% |
| ASPI ASP Isotopes | Q2 2026 | $5.1M | +328% | -667.5% |
| PURE Pure Bioscience | Q4 FY26 | $659K | -14% | -76.3% |
Source: Orion S.A. 10-Q on SEC EDGAR · CIK 1609804 · Miscellaneous Chemical Products
Guidance and outlook
More on OEC
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results