Filing Flows › Orion S.A. (OEC) › Q2 2026 › vs Q2 2025
Orion S.A. (OEC) Q2 2026 vs Q2 2025 (year over year)
Orion S.A.'s revenue rose $34.5M (+7%) from $466M in Q2 2025 to $501M in Q2 2026. Gross margin 18.6% against 21.1% (-2.5 pts).
Orion S.A., Q2 2026: revenue $501M (+7% year over year), operating margin 4.3%, net earnings $1.8M, operating cash flow $27.3M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 18.6% | 21.1% | -2.5 pts |
| Operating margin | 4.3% | 6.9% | -2.6 pts |
| Net margin | 0.4% | 1.9% | -1.6 pts |
| Free cash flow margin | 0.4% | 2.5% | -2.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $501M | $466M | $34.5M | +7% |
| Gross profit | $93.0M | $98.4M | −$5.4M | -5% |
| Cost of revenue | $408M | $368M | $39.9M | +11% |
| Operating profit | $21.3M | $32.1M | −$10.8M | -34% |
| Operating expenses | $71.7M | $66.3M | $5.4M | +8% |
| Pre-tax earnings | $5.2M | $13.6M | −$8.4M | -62% |
| Other expense, net | $16.1M | $18.5M | −$2.4M | -13% |
| Research & development | $7.2M | $6.5M | $700K | +11% |
| SG&A | $62.7M | $57.7M | $5.0M | +9% |
| Other operating costs | $1.8M | $2.1M | −$300K | -14% |
| Net earnings | $1.8M | $9.0M | −$7.2M | -80% |
| Income tax | $3.4M | $4.6M | −$1.2M | -26% |
| Operating cash sources | $37.7M | $44.6M | −$6.9M | -15% |
| Depreciation & amortization | $32.9M | $32.0M | $900K | +3% |
| Share-based compensation | $3.0M | $3.6M | −$600K | -17% |
| Working capital & other | $10.4M | −$9.1M | $19.5M | — |
| Operating cash flow | $27.3M | $53.7M | −$26.4M | -49% |
| Free cash flow (OCF − capex) | $1.9M | $11.5M | −$9.6M | -83% |
| Capital expenditures | $25.4M | $42.2M | −$16.8M | -40% |
Questions
How much did Orion S.A.'s revenue grow year over year in Q2 2026?
Orion S.A.'s revenue rose $34.5M (+7%) from $466M in Q2 2025 to $501M in Q2 2026. Gross margin 18.6% against 21.1% (-2.5 pts).