vs

Side-by-side financial comparison of Nasdaq, Inc. (NDAQ) and OLIN Corp (OLN). Click either name above to swap in a different company.

Nasdaq, Inc. is the larger business by last-quarter revenue ($2.1B vs $1.7B, roughly 1.3× OLIN Corp). Nasdaq, Inc. runs the higher net margin — 24.3% vs -8.6%, a 32.9% gap on every dollar of revenue. On growth, Nasdaq, Inc. posted the faster year-over-year revenue change (2.0% vs -0.4%). Over the past eight quarters, Nasdaq, Inc.'s revenue compounded faster (9.2% CAGR vs 0.9%).

Nasdaq Stock Market is an American stock exchange, the second-largest by market cap on the list of stock exchanges, and the first fully electronic stock market. The exchange is based in Manhattan, New York City, and is among the most active stock trading venue by volume in the United States.

Olin Corporation is an American manufacturer of ammunition, chlorine, and sodium hydroxide. The company traces its roots to two companies, both founded in 1892: Franklin W. Olin's Equitable Powder Company and the Mathieson Alkali Works. Accidents at Olin chemical plants have exposed employees and nearby residents to health hazards.

NDAQ vs OLN — Head-to-Head

Bigger by revenue
NDAQ
NDAQ
1.3× larger
NDAQ
$2.1B
$1.7B
OLN
Growing faster (revenue YoY)
NDAQ
NDAQ
+2.3% gap
NDAQ
2.0%
-0.4%
OLN
Higher net margin
NDAQ
NDAQ
32.9% more per $
NDAQ
24.3%
-8.6%
OLN
Faster 2-yr revenue CAGR
NDAQ
NDAQ
Annualised
NDAQ
9.2%
0.9%
OLN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NDAQ
NDAQ
OLN
OLN
Revenue
$2.1B
$1.7B
Net Profit
$519.0M
$-143.2M
Gross Margin
1.9%
Operating Margin
30.7%
-9.4%
Net Margin
24.3%
-8.6%
Revenue YoY
2.0%
-0.4%
Net Profit YoY
31.4%
-1517.8%
EPS (diluted)
$0.91
$-1.25

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NDAQ
NDAQ
OLN
OLN
Q1 26
$2.1B
Q4 25
$2.1B
$1.7B
Q3 25
$2.0B
$1.7B
Q2 25
$2.1B
$1.8B
Q1 25
$2.1B
$1.6B
Q4 24
$2.0B
$1.7B
Q3 24
$1.9B
$1.6B
Q2 24
$1.8B
$1.6B
Net Profit
NDAQ
NDAQ
OLN
OLN
Q1 26
$519.0M
Q4 25
$518.0M
$-143.2M
Q3 25
$423.0M
$43.7M
Q2 25
$452.0M
$-2.8M
Q1 25
$395.0M
$1.2M
Q4 24
$355.0M
$10.1M
Q3 24
$306.0M
$-25.2M
Q2 24
$222.0M
$72.3M
Gross Margin
NDAQ
NDAQ
OLN
OLN
Q1 26
Q4 25
65.5%
1.9%
Q3 25
67.2%
10.7%
Q2 25
62.5%
7.9%
Q1 25
59.2%
9.0%
Q4 24
60.4%
9.4%
Q3 24
60.3%
8.5%
Q2 24
64.7%
14.5%
Operating Margin
NDAQ
NDAQ
OLN
OLN
Q1 26
30.7%
Q4 25
29.7%
-9.4%
Q3 25
29.9%
4.8%
Q2 25
27.2%
2.0%
Q1 25
26.2%
2.7%
Q4 24
25.4%
2.8%
Q3 24
23.6%
1.0%
Q2 24
23.6%
8.3%
Net Margin
NDAQ
NDAQ
OLN
OLN
Q1 26
24.3%
Q4 25
24.4%
-8.6%
Q3 25
21.6%
2.6%
Q2 25
21.6%
-0.2%
Q1 25
18.9%
0.1%
Q4 24
17.5%
0.6%
Q3 24
16.1%
-1.6%
Q2 24
12.4%
4.4%
EPS (diluted)
NDAQ
NDAQ
OLN
OLN
Q1 26
$0.91
Q4 25
$0.90
$-1.25
Q3 25
$0.73
$0.37
Q2 25
$0.78
$-0.01
Q1 25
$0.68
$0.01
Q4 24
$0.62
$0.10
Q3 24
$0.53
$-0.21
Q2 24
$0.38
$0.62

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NDAQ
NDAQ
OLN
OLN
Cash + ST InvestmentsLiquidity on hand
$515.0M
$167.6M
Total DebtLower is stronger
$9.0B
$2.8B
Stockholders' EquityBook value
$12.0B
$1.8B
Total Assets
$27.3B
$7.3B
Debt / EquityLower = less leverage
0.74×
1.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NDAQ
NDAQ
OLN
OLN
Q1 26
$515.0M
Q4 25
$604.0M
$167.6M
Q3 25
$470.0M
Q2 25
$732.0M
Q1 25
$690.0M
Q4 24
$592.0M
$175.6M
Q3 24
$266.0M
Q2 24
$416.0M
Total Debt
NDAQ
NDAQ
OLN
OLN
Q1 26
$9.0B
Q4 25
$8.6B
$2.8B
Q3 25
$8.7B
$3.0B
Q2 25
$8.7B
$3.0B
Q1 25
$8.9B
$3.0B
Q4 24
$9.1B
$2.7B
Q3 24
$9.4B
$2.8B
Q2 24
$9.2B
$2.8B
Stockholders' Equity
NDAQ
NDAQ
OLN
OLN
Q1 26
$12.0B
Q4 25
$12.2B
$1.8B
Q3 25
$12.0B
$2.0B
Q2 25
$11.8B
$2.0B
Q1 25
$11.5B
$2.0B
Q4 24
$11.2B
$2.0B
Q3 24
$11.1B
$2.1B
Q2 24
$10.9B
$2.1B
Total Assets
NDAQ
NDAQ
OLN
OLN
Q1 26
$27.3B
Q4 25
$31.1B
$7.3B
Q3 25
$30.7B
$7.6B
Q2 25
$30.4B
$7.7B
Q1 25
$30.6B
$7.7B
Q4 24
$30.4B
$7.6B
Q3 24
$30.6B
$7.5B
Q2 24
$30.2B
$7.7B
Debt / Equity
NDAQ
NDAQ
OLN
OLN
Q1 26
0.74×
Q4 25
0.70×
1.55×
Q3 25
0.72×
1.52×
Q2 25
0.73×
1.52×
Q1 25
0.77×
1.50×
Q4 24
0.81×
1.34×
Q3 24
0.85×
1.34×
Q2 24
0.85×
1.31×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NDAQ
NDAQ
OLN
OLN
Operating Cash FlowLast quarter
$321.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NDAQ
NDAQ
OLN
OLN
Q1 26
Q4 25
$625.0M
$321.2M
Q3 25
$221.0M
$26.7M
Q2 25
$746.0M
$212.3M
Q1 25
$663.0M
$-86.0M
Q4 24
$705.0M
$141.7M
Q3 24
$244.0M
$189.9M
Q2 24
$460.0M
$90.6M
Free Cash Flow
NDAQ
NDAQ
OLN
OLN
Q1 26
Q4 25
$536.0M
Q3 25
$152.0M
$-44.4M
Q2 25
$687.0M
Q1 25
$614.0M
$-147.4M
Q4 24
$645.0M
$90.7M
Q3 24
$188.0M
$146.6M
Q2 24
$408.0M
$34.1M
FCF Margin
NDAQ
NDAQ
OLN
OLN
Q1 26
Q4 25
25.2%
Q3 25
7.8%
-2.6%
Q2 25
32.9%
Q1 25
29.4%
-9.0%
Q4 24
31.7%
5.4%
Q3 24
9.9%
9.2%
Q2 24
22.8%
2.1%
Capex Intensity
NDAQ
NDAQ
OLN
OLN
Q1 26
Q4 25
4.2%
Q3 25
3.5%
4.2%
Q2 25
2.8%
Q1 25
2.3%
3.7%
Q4 24
3.0%
3.1%
Q3 24
2.9%
2.7%
Q2 24
2.9%
3.4%
Cash Conversion
NDAQ
NDAQ
OLN
OLN
Q1 26
Q4 25
1.21×
Q3 25
0.52×
0.61×
Q2 25
1.65×
Q1 25
1.68×
-71.67×
Q4 24
1.99×
14.03×
Q3 24
0.80×
Q2 24
2.07×
1.25×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NDAQ
NDAQ

Market Services$1.0B49%
Capital Access Platforms$565.0M26%
Financial Technology$517.0M24%
Other Revenues$8.0M0%

OLN
OLN

Chlorinechlorinederivativesandothercoproducts$456.2M27%
Causticsoda$400.2M24%
Militaryandlawenforcement$304.6M18%
Epoxyresins$194.9M12%
Aromaticsandallylics$164.4M10%
Commercial$144.8M9%

Related Comparisons