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Orion S.A.

OECBasic MaterialsNASDAQ

Specialty Chemicals · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$1.81B
-3.8% YoY
Net Income
-$70.1M
-258.6% YoY
EBITDA
$159.4M
-30.1% YoY
Free Cash Flow
$55.8M

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About Orion S.A.

Orion S.A., together with its subsidiaries, engages in the manufacture and sale of carbon black products. At a $425.7M market cap, Orion S.A. ranks as a small-cap company within basic materials. The company operates in two segments, Specialty Carbon Black and Rubber Carbon Black.

Key stats
Market Cap$425.7M
Fwd P/E20.80
EPS$-1.58
Beta0.98
52W Change-33.4%
Dividend Yield1.10%
ROE-21.1%
Analysis

Orion S.A. carries $1.15B in total debt against $50.5M in cash reserves — debt is roughly 22.7x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow comes in at $55.8M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at -21.1%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.6% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $2.03B (2022) to $1.81B (2025), a 11% decline worth watching.

Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Orion S.A.'s trajectory.

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