# ORION S.A. (OEC) · Edgar & Edgarette company card

> Orion S.A. (OEC) saw revenue fall 3.8% in FY2025 to $1.8 billion, operating margin 1.5% against a -0.2% median for miscellaneous chemical products, equity 20.2% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1609804 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/OEC) · [JSON](https://www.pops4.com/boards/company/OEC.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.8B |
| Revenue growth, 1 year | -3.8% |
| Revenue growth per year | 4.0% |
| Operating margin | 1.5% (prior year 5.5%) |
| Net margin | -3.9% |
| Operating cash flow | $216M |
| Capital spending | $161M |
| Free cash flow | $55M |
| Cash | $61M |
| Long-term debt | $980M |
| Total assets | $1.9B |
| Total equity | $385M |
| Equity ÷ assets | 20.2% |
| Return on equity | -18.2% |
| Dividend per share | $0.08 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Altman Z: 1.08 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: Sound ship · one warning sign · slow and jumpy: growing slower than its size class, with revenue that swings more
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $1.8B (FY2025), total debt $979.5M. Experience: revenue down 3.8% on the year, up 4.0% a year over 4 years; operating margin 1.5%, down from 5.5%. Soundness: equity 20.2% of assets, return on equity -18.2%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.4B and $2.1B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $1.2B to $2.4B. A statistical range, not company guidance. Against peers (224 filers, $50M+ revenue, its industry group): operating margin 1.5% against a -0.2% median; growth -3.8% against 6.7%.

Range logged 2026-09-28, receipt 66c48f1b887e51fe, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-04-10 ([filing](https://www.sec.gov/Archives/edgar/data/1609804/000149315226016205/0001493152-26-016205-index.htm))

## Recent filings

- 10-Q · filed 2026-11-04 · [filing](https://www.sec.gov/Archives/edgar/data/1609804/000162828026070226/0001628280-26-070226-index.htm)
- 8-K · filed 2026-11-04 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1609804/000162828026070215/0001628280-26-070215-index.htm)
- 8-K · filed 2026-09-17 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1609804/000149315226043154/0001493152-26-043154-index.htm)
- 10-Q · filed 2026-08-05 · [filing](https://www.sec.gov/Archives/edgar/data/1609804/000162828026053422/0001628280-26-053422-index.htm)
- 8-K · filed 2026-08-05 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1609804/000162828026053413/0001628280-26-053413-index.htm)
- 8-K · filed 2026-06-29 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1609804/000149315226031092/0001493152-26-031092-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001609804.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1609804

## Cite

POPS4, Edgar & Edgarette: ORION S.A. (OEC) company card, from the company's own SEC filings, accessed 2026-11-05, https://www.pops4.com/boards/company/OEC. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.