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Olin (OLN) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · Olin (OLN) Q3 2026 earnings results →

Q3 2026 Revenue up 2% year over year to $1.7B · 1¢ of every $1 of revenue kept as net profit · operating margin 3.4%

Olin made $1.7B in Q3 2026 (+2% Y/Y): Chlor Alkali Products and Vinyls $851M, Winchester $485M, Epoxy $412M. Operating margin 3.4%, net earnings $14.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.

Revenue$1.7B
Year over year+2%
Operating margin3.4%
Net earnings$14.4M
Operating cash flow$110M

Drawing the Sankey…

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Olin Q3 2026 revenue breakdown: Sankey diagram of revenue (Chlor Alkali Products and Vinyls, Winchester, Epoxy), costs, profit and cash flow
Olin Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.7B in Q3 2026, up 2% year over year and roughly flat from the previous quarter. Chlor Alkali Products and Vinyls was the largest line at 49% of revenue. Epoxy added $0.06B year over year (up 18%), 181% of the total change. Chlor Alkali Products and Vinyls declined 8%.

Gross margin was 9.9%, down 0.8 points from Q3 2025. Operating profit was $0.06B, a 3.4% margin (down 1.4 points year over year). Operating profit fell $0.02B even though revenue rose $0.03B versus Q3 2025, so costs grew faster than sales. Operating expenses grew 13% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+504%). Net earnings were $0.01B, down 67% year over year. The effective tax rate was 15.8%.

Operating cash flow was $0.11B (up 313% year over year), 767% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.02B. Capital expenditures of $0.03B left free cash flow of $0.08B.

Quarterly history

Olin revenue by quarterOlin revenue by quarter$1.6BQ1 2025$1.8BQ2 2025$1.7BQ3 2025$1.7BQ4 2025$1.6BQ1 2026$1.7BQ2 2026$1.7BQ3 2026
Olin net earnings by quarterOlin net earnings by quarter$1.2MQ1 2025−$2.8MQ2 2025$43.7MQ3 2025−$143MQ4 2025−$83.0MQ1 2026−$13.3MQ2 2026$14.4MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 30, 2026$1.7B+2%3.4%$14.4M$110M
Q2 202610-QJul 31, 2026$1.7B-0.9%2.7%−$13.3M$7.9M
Q1 202610-QMay 8, 2026$1.6B-4%-4.9%−$83.0M−$48.6M
Q4 202510-KFeb 20, 2026$1.7B-0.4%-9.4%−$143M$321M
Q3 202510-QOct 28, 2025$1.7B+8%4.8%$43.7M$26.7M
Q2 202510-QJul 29, 2025$1.8B+7%2.0%−$2.8M$212M
Q1 202510-QMay 2, 2025$1.6B+0.5%2.7%$1.2M−$86.0M

Charts

Olin: revenue growth, year over year and quarter over quarterOlin: revenue growth, year over year and quarter over quarterY/YQ/Q+0%Q1 2025+7%+7%Q2 2025+8%-3%Q3 20250%-3%Q4 2025-4%-5%Q1 2026-1%+10%Q2 2026+2%+0%Q3 2026
Latest (Q3 2026): Y/Y +2%, Q/Q +0%.
Olin: where the cash came from (+) and went (−), TTM to Q3 2026Olin: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$391MOther investing−$315MAcquisitions$112MDividends−$91.1MCash drawn (+) / kept (−)−$74.5MOther financing−$33.4MNet borrowing (+) / repaid (−)$18.3MBuybacks−$10.1MShares issued$3.2MExchange rates$400K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Olin: profit against cash, quarter by quarterOlin: profit against cash, quarter by quarterNet incomeOperating cash flow$10.1M$142MQ4 2024$1.2M−$86.0MQ1 2025−$2.8M$212MQ2 2025$43.7M$26.7MQ3 2025−$143M$321MQ4 2025−$83.0M−$48.6MQ1 2026−$13.3M$7.9MQ2 2026$14.4M$110MQ3 2026
Latest (Q3 2026): Net income $14.4M, Operating cash flow $110M.
Olin: diluted shares by fiscal yearOlin: diluted shares by fiscal year158MFY2020163MFY2021148MFY2022129MFY2023120MFY2024115MFY2025
-27.4% since FY2020: buybacks shrank the count.
Olin: long-term debt falling due (FY2025)Olin: long-term debt falling due (FY2025)$110M2026$340M2027$669M2029$1.0B2030$683MLater
Cash $168M, short-term investments $0, long-term debt $2.7B at 2025-12-31.
Olin in its industry: growth against margin (16 companies, SIC 2800)Olin in its industry: growth against margin (16 companies, SIC 2800)revenue growth, year over year →↑ operating marginmedian +8%median 9%HUNHuntsman International LLCCCSOLSIOSPPRMECVTNGVTBCPCFMCACNTGUREBLGOCITRLQMTOLN (+2%, 3%)
Chemicals & Allied Products; dot size is quarterly revenue; dashed lines are the industry's medians.

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Customers and suppliers named in filings

Sells to

About Olin

Olin Corporation (Olin, the Company, we or our) is a Virginia corporation, incorporated in 1892, having its principal executive offices in Clayton, MO. We are a leading vertically integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. Our operations are concentrated in three business segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. All of our business segments are capital-intensive manufacturing businesses. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride (EDC) and vinyl chloride monomer (VCM), methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products and potassium hydroxide, which represented 54% of 2025 sales.

In its own words, from its 10-K, filed Feb 20, 2026.

Olin against its Chemicals & Allied Products peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +8%. Operating margin: 3.4% against the peers' median 9.5%.

CompanyQuarterRevenueY/YOp. margin
OLN OlinQ3 2026$1.7B+2%3.4%
HUN HuntsmanQ3 2026$1.7B+18%2.3%
Huntsman International LLCQ2 2026$1.7B+14%2.2%
CC ChemoursQ3 2026$1.5B+3%14.4%
SOLS Solstice Advanced MaterialsQ3 2026$1.0B+8%10.7%
IOSP InnospecQ3 2026$474M+7%8.8%
PRM Perimeter GroupQ3 2026$390M+24%106.8%
ECVT EcovystQ3 2026$309M+51%9.5%
NGVT IngevityQ3 2026$305M-8%22.0%

Source: Olin 10-Q on SEC EDGAR · CIK 74303 · Chemicals & Allied Products

Guidance and outlook

Olin: what its forward-looking statements are about (10-Q filed 2026-10-30)Olin: what its forward-looking statements are about (10-Q filed 2026-10-30)Other7Costs6Capital spending3People1Demand1Deals1Tax1Buybacks & dividends1Financing1
22 statements; tone -0.09 (−1 all cautious, +1 all confident); 1 hedged.
Olin: outlook statements against the filing beforeOlin: outlook statements against the filing beforeConfident2Cautious4

13F: who owns OLN and who is buying

Largest holders of OLN (13F)Largest holders of OLN (13F)Hotchkis & Wiley Capital Manageme…$318MBlackRock$238MVanguard Group$236MDimensional Fund Advisors LP$122MAQR Capital Management LLC$109MVanguard Portfolio Management LLC$108MVanguard Capital Management LLC$102MState Street$95.1MFuller & Thaler Asset Management$85.3MYacktman Asset Management LP$66.5M
Funds' net buying of OLN by quarter (13F)Funds' net buying of OLN by quarter (13F)−$45.1M2024-09−$128M2024-12−$87.8M2025-03$77.7M2025-06$13.2M2025-09$201M2025-12−$15.7M2026-03$2.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on OLN

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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