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Orion S.A. (OEC) Fundamental Analysis & AI Grade 2026

OEC NYSE Miscellaneous Chemical Products CIK: 0001609804
Updated This Month • Analysis: May 8, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
78% Confidence
NEUTRAL
D
88% Conf
B
67% Conf

📊 OEC Key Takeaways

Revenue: $459.5M
Net Margin: -2.2%
Free Cash Flow: $-48.5M
Current Ratio: 1.00x
Debt/Equity: 1.75x
EPS: $-0.18
AI Grade: D with 88% confidence
Orion S.A. (OEC) receives a C fundamental grade with 78% confidence from our AI analysis based on SEC 10-K filings. With revenue of $459.5M, net profit margin of -2.2%, and return on equity (ROE) of -2.6%, Orion S.A. demonstrates mixed fundamentals in the Materials sector. Below is our complete OEC stock analysis for 2026.

Is Orion S.A. (OEC) a Good Investment?

Claude

Orion S.A. exhibits acute financial distress with persistent unprofitability (-2.2% net margin), catastrophic cash burn (-$48.5M free cash flow), and inability to service its debt (0.9x interest coverage). The combination of declining revenue (-3.8% YoY), negative operating cash flow, and elevated leverage (1.75x debt/equity) creates an unsustainable financial position without immediate operational turnaround.

ChatGPT

Profitability has deteriorated to a net loss with very thin operating margins, but the business still generates solid operating cash flow and modest free cash flow. Elevated leverage and tight liquidity constrain flexibility, so a margin recovery and sustained cash generation are needed before fundamentals improve meaningfully.

Orion S.A. Key Strengths (OEC)

Claude
  • + Positive gross profit of $79.2M demonstrates underlying product/revenue base
  • + Maintains operational presence with slight positive operating income of $11.4M
  • + Cash reserves of $50.5M provide short-term liquidity buffer
ChatGPT
  • + Positive free cash flow ($54.8M, 3.0% margin)
  • + Strong operating cash flow ($215.8M) supporting capex and obligations
  • + Gross margin near 20% indicates some pricing/cost discipline

OEC Stock Risks: Orion S.A. Investment Risks

Claude
  • ! Negative operating cash flow of -$12.4M indicates fundamental business deterioration
  • ! Interest coverage of 0.9x means unable to service debt obligations from operations
  • ! Free cash flow of -$48.5M while funding $36.1M capex indicates capital structure unsustainable
  • ! Revenue declining 3.8% YoY with negative net margin expansion
  • ! Weak liquidity position (current ratio 1.0x, quick ratio 0.62x) limits financial flexibility
ChatGPT
  • ! Negative net income and 1.5% operating margin
  • ! High leverage (1.75x D/E) with thin 2.2x interest coverage
  • ! Tight liquidity (quick ratio 0.59x) and potential cyclical/raw material pressures

Key Metrics to Watch

Claude
  • * Operating cash flow - must turn positive to validate business viability
  • * Interest coverage ratio - critical threshold above 1.0x for debt sustainability
  • * Revenue stabilization and growth trajectory
  • * Debt reduction relative to EBITDA
  • * Return to positive net income
ChatGPT
  • * Operating margin
  • * Interest coverage

Orion S.A. (OEC) Financial Metrics & Key Ratios

Revenue
$459.5M
Net Income
$-9.9M
EPS (Diluted)
$-0.18
Free Cash Flow
$-48.5M
Total Assets
$1.9B
Cash Position
$50.5M

💡 AI Analyst Insight

Orion S.A. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

OEC Profit Margin, ROE & Profitability Analysis

Gross Margin 17.2%
Operating Margin 2.5%
Net Margin -2.2%
ROE -2.6%
ROA -0.5%
FCF Margin -10.6%

OEC vs Materials Sector: How Orion S.A. Compares

How Orion S.A. compares to Materials sector averages

Net Margin
OEC -2.2%
vs
Sector Avg 10.0%
OEC Sector
ROE
OEC -2.6%
vs
Sector Avg 14.0%
OEC Sector
Current Ratio
OEC 1.0x
vs
Sector Avg 1.6x
OEC Sector
Debt/Equity
OEC 1.7x
vs
Sector Avg 0.6x
OEC Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Orion S.A. Stock Overvalued? OEC Valuation Analysis 2026

Based on fundamental analysis, Orion S.A. shows some fundamental concerns relative to the Materials sector in 2026.

Return on Equity
-2.6%
Sector avg: 14%
Net Profit Margin
-2.2%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.75x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Orion S.A. Balance Sheet: OEC Debt, Cash & Liquidity

Current Ratio
1.00x
Quick Ratio
0.62x
Debt/Equity
1.75x
Debt/Assets
0.0%
Interest Coverage
0.90x
Long-term Debt
$662.5M

OEC Revenue & Earnings Growth: 5-Year Financial Trend

OEC 5-year financial data: Year 2021: Revenue $1.5B, Net Income $86.9M, EPS $1.42. Year 2022: Revenue $2.0B, Net Income $18.2M, EPS $0.30. Year 2023: Revenue $2.0B, Net Income $134.7M, EPS $2.21. Year 2024: Revenue $2.0B, Net Income $106.2M, EPS $1.73. Year 2025: Revenue $1.9B, Net Income $103.5M, EPS $1.73.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Orion S.A.'s revenue has grown significantly by 22% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.73 reflects profitable operations.

OEC Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-10.6%
Free cash flow / Revenue

OEC Quarterly Earnings & Performance

Quarterly financial performance data for Orion S.A. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $459.5M $9.1M $0.16
Q3 2025 $450.9M $9.0M $-0.35
Q2 2025 $466.4M $9.0M $0.16
Q1 2025 $477.7M $9.1M $0.16
Q3 2024 $463.4M -$20.2M $-0.35
Q2 2024 $458.8M $20.5M $0.35
Q1 2024 $500.7M $26.7M $0.45
Q3 2023 $466.2M $26.2M $0.44

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Orion S.A. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$12.4M
Cash generated from operations
Stock Buybacks
$800.0K
Shares repurchased (TTM)
Capital Expenditures
$36.1M
Investment in assets
Dividends Paid
$1.2M
Returned to shareholders

OEC SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Orion S.A. (CIK: 0001609804)

📋 Recent SEC Filings

Date Form Document Action
May 6, 2026 10-Q oec-20260331.htm View →
May 6, 2026 8-K oec-20260506.htm View →
May 1, 2026 4 xslF345X06/es260774392_4-riveros.xml View →
May 1, 2026 4 xslF345X06/es260774391_4-quinones.xml View →
May 1, 2026 4 xslF345X06/es260774390_4-puckett.xml View →

Frequently Asked Questions about OEC

What is the AI rating for OEC?

Orion S.A. (OEC) has a Combined AI Grade of C from Claude (D) and ChatGPT (B) with 78% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are OEC's key strengths?

Claude: Positive gross profit of $79.2M demonstrates underlying product/revenue base. Maintains operational presence with slight positive operating income of $11.4M. ChatGPT: Positive free cash flow ($54.8M, 3.0% margin). Strong operating cash flow ($215.8M) supporting capex and obligations.

What are the risks of investing in OEC?

Claude: Negative operating cash flow of -$12.4M indicates fundamental business deterioration. Interest coverage of 0.9x means unable to service debt obligations from operations. ChatGPT: Negative net income and 1.5% operating margin. High leverage (1.75x D/E) with thin 2.2x interest coverage.

What is OEC's revenue and growth?

Orion S.A. reported revenue of $459.5M.

Does OEC pay dividends?

Orion S.A. pays dividends, with $1.2M distributed to shareholders in the trailing twelve months.

Where can I find OEC SEC filings?

Official SEC filings for Orion S.A. (CIK: 0001609804) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is OEC's EPS?

Orion S.A. has a diluted EPS of $-0.18.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is OEC's fundamental grade?

Based on our AI fundamental analysis in May 2026, Orion S.A. has a C grade with 78% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is OEC stock overvalued or undervalued?

Valuation metrics for OEC: ROE of -2.6% (sector avg: 14%), net margin of -2.2% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

What is OEC's AI grade for 2026?

Our dual AI analysis gives Orion S.A. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is OEC's free cash flow?

Orion S.A.'s operating cash flow is $-12.4M, with capital expenditures of $36.1M. FCF margin is -10.6%.

How does OEC compare to other Materials stocks?

Vs Materials sector averages: Net margin -2.2% (avg: 10%), ROE -2.6% (avg: 14%), current ratio 1.00 (avg: 1.6).

Is Orion S.A. carrying too much debt?

OEC has a debt-to-equity ratio of 1.75x, which is above the Materials sector average of 0.6x. However, the current ratio of 1.00 suggests adequate short-term liquidity.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 8, 2026 | Data as of: 2026-03-31 | Powered by Claude AI