Olin Corporation

OLN

Chemicals - Specialty · Basic Materials

Price

$21.99

+0.01 (+0.05%)

Market Cap

$2.51B

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count falling — buybacks

−29.7% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 163.0M (2021) → 114.6M (2025)

Olin Corporation makes chemicals and ammunition. Its chemical business produces chlorine and caustic soda — basic building blocks used in water treatment, plastics, and paper manufacturing. Its Winchester division is one of the most recognized ammunition brands in the United States, selling bullets and shotgun shells to hunters, sport shooters, and the military.

Olin earns revenue by selling these products directly to industrial customers and through retail channels for ammunition. The company operates primarily in North America but has some international chemical sales. Its Winchester brand gives it a durable position in the ammunition market, while its chemical business benefits from being one of the largest chlor-alkali producers in the world. However, chlor-alkali is a commodity business, and the current negative operating margin reflects weak chemical pricing — the main risk is that oversupply in the chlorine market continues to pressure profits before a pricing recovery takes hold.

Winston Score History

Politician Trades

1 trades / 12mo

1 Congressional buy and 0 sells on OLN in the last 12 months.

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Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-3.7% YoY

YoY Growth Rate

Revenue declining

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (3%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

0.6%ownership

Relatively low insider ownership

Cash Runway

~6 months

$192M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Olin Corporation has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

0.0%

Thin — 0.0% gross margin

Operating Margin

-4.9%

Losing money on operations — -4.9%

ROCE

-1.6%

Weak — -1.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+2.6%

Nearly flat sales (2.6% YoY)

EPS YoY

-313.9%

Earnings shrinking (-313.9% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

4.5%

Thin free cash flow (4.5%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity

1.87

Elevated debt (1.87)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend Yield

3.64%

Moderate income — 3.64% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth

+0.0%

Dividend flat

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