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Side-by-side financial comparison of OLIN Corp (OLN) and PHINIA INC. (PHIN). Click either name above to swap in a different company.

OLIN Corp is the larger business by last-quarter revenue ($1.7B vs $889.0M, roughly 1.9× PHINIA INC.). On growth, PHINIA INC. posted the faster year-over-year revenue change (6.7% vs -0.4%). Over the past eight quarters, PHINIA INC.'s revenue compounded faster (1.5% CAGR vs 0.9%).

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.

PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.

OLN vs PHIN — Head-to-Head

Bigger by revenue
OLN
OLN
1.9× larger
OLN
$1.7B
$889.0M
PHIN
Growing faster (revenue YoY)
PHIN
PHIN
+7.1% gap
PHIN
6.7%
-0.4%
OLN
Faster 2-yr revenue CAGR
PHIN
PHIN
Annualised
PHIN
1.5%
0.9%
OLN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OLN
OLN
PHIN
PHIN
Revenue
$1.7B
$889.0M
Net Profit
$-143.2M
Gross Margin
1.9%
21.7%
Operating Margin
-9.4%
7.8%
Net Margin
-8.6%
Revenue YoY
-0.4%
6.7%
Net Profit YoY
-1517.8%
EPS (diluted)
$-1.25
$1.14

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
OLN
OLN
PHIN
PHIN
Q4 25
$1.7B
$889.0M
Q3 25
$1.7B
$908.0M
Q2 25
$1.8B
$890.0M
Q1 25
$1.6B
$796.0M
Q4 24
$1.7B
$833.0M
Q3 24
$1.6B
$839.0M
Q2 24
$1.6B
$868.0M
Q1 24
$1.6B
$863.0M
Net Profit
OLN
OLN
PHIN
PHIN
Q4 25
$-143.2M
Q3 25
$43.7M
$13.0M
Q2 25
$-2.8M
$46.0M
Q1 25
$1.2M
$26.0M
Q4 24
$10.1M
Q3 24
$-25.2M
$31.0M
Q2 24
$72.3M
$14.0M
Q1 24
$47.8M
$29.0M
Gross Margin
OLN
OLN
PHIN
PHIN
Q4 25
1.9%
21.7%
Q3 25
10.7%
22.0%
Q2 25
7.9%
22.1%
Q1 25
9.0%
21.6%
Q4 24
9.4%
22.7%
Q3 24
8.5%
22.3%
Q2 24
14.5%
21.7%
Q1 24
12.7%
22.2%
Operating Margin
OLN
OLN
PHIN
PHIN
Q4 25
-9.4%
7.8%
Q3 25
4.8%
3.7%
Q2 25
2.0%
10.0%
Q1 25
2.7%
7.8%
Q4 24
2.8%
6.1%
Q3 24
1.0%
7.9%
Q2 24
8.3%
8.2%
Q1 24
5.9%
8.2%
Net Margin
OLN
OLN
PHIN
PHIN
Q4 25
-8.6%
Q3 25
2.6%
1.4%
Q2 25
-0.2%
5.2%
Q1 25
0.1%
3.3%
Q4 24
0.6%
Q3 24
-1.6%
3.7%
Q2 24
4.4%
1.6%
Q1 24
2.9%
3.4%
EPS (diluted)
OLN
OLN
PHIN
PHIN
Q4 25
$-1.25
$1.14
Q3 25
$0.37
$0.33
Q2 25
$-0.01
$1.14
Q1 25
$0.01
$0.63
Q4 24
$0.10
$0.13
Q3 24
$-0.21
$0.70
Q2 24
$0.62
$0.31
Q1 24
$0.40
$0.62

Balance Sheet & Financial Strength

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

Metric
OLN
OLN
PHIN
PHIN
Cash + ST InvestmentsLiquidity on hand
$167.6M
$359.0M
Total DebtLower is stronger
$2.8B
$970.0M
Stockholders' EquityBook value
$1.8B
$1.6B
Total Assets
$7.3B
$3.8B
Debt / EquityLower = less leverage
1.55×
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OLN
OLN
PHIN
PHIN
Q4 25
$167.6M
$359.0M
Q3 25
$349.0M
Q2 25
$347.0M
Q1 25
$373.0M
Q4 24
$175.6M
$484.0M
Q3 24
$477.0M
Q2 24
$339.0M
Q1 24
$325.0M
Total Debt
OLN
OLN
PHIN
PHIN
Q4 25
$2.8B
$970.0M
Q3 25
$3.0B
$990.0M
Q2 25
$3.0B
$990.0M
Q1 25
$3.0B
$989.0M
Q4 24
$2.7B
$988.0M
Q3 24
$2.8B
$987.0M
Q2 24
$2.8B
$821.0M
Q1 24
$2.7B
$706.0M
Stockholders' Equity
OLN
OLN
PHIN
PHIN
Q4 25
$1.8B
$1.6B
Q3 25
$2.0B
$1.6B
Q2 25
$2.0B
$1.6B
Q1 25
$2.0B
$1.5B
Q4 24
$2.0B
$1.6B
Q3 24
$2.1B
$1.7B
Q2 24
$2.1B
$1.7B
Q1 24
$2.2B
$1.9B
Total Assets
OLN
OLN
PHIN
PHIN
Q4 25
$7.3B
$3.8B
Q3 25
$7.6B
$4.0B
Q2 25
$7.7B
$3.9B
Q1 25
$7.7B
$3.7B
Q4 24
$7.6B
$3.8B
Q3 24
$7.5B
$4.0B
Q2 24
$7.7B
$3.9B
Q1 24
$7.6B
$4.0B
Debt / Equity
OLN
OLN
PHIN
PHIN
Q4 25
1.55×
0.61×
Q3 25
1.52×
0.62×
Q2 25
1.52×
0.61×
Q1 25
1.50×
0.64×
Q4 24
1.34×
0.63×
Q3 24
1.34×
0.58×
Q2 24
1.31×
0.47×
Q1 24
1.24×
0.38×

Cash Flow & Capital Efficiency

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

Metric
OLN
OLN
PHIN
PHIN
Operating Cash FlowLast quarter
$321.2M
$96.0M
Free Cash FlowOCF − Capex
$67.0M
FCF MarginFCF / Revenue
7.5%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$188.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OLN
OLN
PHIN
PHIN
Q4 25
$321.2M
$96.0M
Q3 25
$26.7M
$119.0M
Q2 25
$212.3M
$57.0M
Q1 25
$-86.0M
$40.0M
Q4 24
$141.7M
$73.0M
Q3 24
$189.9M
$95.0M
Q2 24
$90.6M
$109.0M
Q1 24
$81.0M
$31.0M
Free Cash Flow
OLN
OLN
PHIN
PHIN
Q4 25
$67.0M
Q3 25
$-44.4M
$93.0M
Q2 25
$23.0M
Q1 25
$-147.4M
$5.0M
Q4 24
$90.7M
$53.0M
Q3 24
$146.6M
$70.0M
Q2 24
$34.1M
$92.0M
Q1 24
$36.7M
$-12.0M
FCF Margin
OLN
OLN
PHIN
PHIN
Q4 25
7.5%
Q3 25
-2.6%
10.2%
Q2 25
2.6%
Q1 25
-9.0%
0.6%
Q4 24
5.4%
6.4%
Q3 24
9.2%
8.3%
Q2 24
2.1%
10.6%
Q1 24
2.2%
-1.4%
Capex Intensity
OLN
OLN
PHIN
PHIN
Q4 25
3.3%
Q3 25
4.2%
2.9%
Q2 25
3.8%
Q1 25
3.7%
4.4%
Q4 24
3.1%
2.4%
Q3 24
2.7%
3.0%
Q2 24
3.4%
2.0%
Q1 24
2.7%
5.0%
Cash Conversion
OLN
OLN
PHIN
PHIN
Q4 25
Q3 25
0.61×
9.15×
Q2 25
1.24×
Q1 25
-71.67×
1.54×
Q4 24
14.03×
Q3 24
3.06×
Q2 24
1.25×
7.79×
Q1 24
1.69×
1.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OLN
OLN

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

PHIN
PHIN

Customer$618.0M70%
Fuel Systems$194.0M22%
Other$77.0M9%

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