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

OLIN Corp is the larger business by last-quarter revenue ($1.7B vs $1.3B, roughly 1.3× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs -8.6%, a 25.1% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs -0.4%).

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.

OLN vs Q — Head-to-Head

Bigger by revenue
OLN
OLN
1.3× larger
OLN
$1.7B
$1.3B
Q
Growing faster (revenue YoY)
Q
Q
+11.5% gap
Q
11.1%
-0.4%
OLN
Higher net margin
Q
Q
25.1% more per $
Q
16.5%
-8.6%
OLN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
OLN
OLN
Q
Q
Revenue
$1.7B
$1.3B
Net Profit
$-143.2M
$211.0M
Gross Margin
1.9%
45.1%
Operating Margin
-9.4%
21.3%
Net Margin
-8.6%
16.5%
Revenue YoY
-0.4%
11.1%
Net Profit YoY
-1517.8%
6.0%
EPS (diluted)
$-1.25
$1.01

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
Q
Q
Q4 25
$1.7B
Q3 25
$1.7B
$1.3B
Q2 25
$1.8B
Q1 25
$1.6B
Q4 24
$1.7B
Q3 24
$1.6B
$1.1B
Q2 24
$1.6B
Q1 24
$1.6B
Net Profit
OLN
OLN
Q
Q
Q4 25
$-143.2M
Q3 25
$43.7M
$211.0M
Q2 25
$-2.8M
Q1 25
$1.2M
Q4 24
$10.1M
Q3 24
$-25.2M
$199.0M
Q2 24
$72.3M
Q1 24
$47.8M
Gross Margin
OLN
OLN
Q
Q
Q4 25
1.9%
Q3 25
10.7%
45.1%
Q2 25
7.9%
Q1 25
9.0%
Q4 24
9.4%
Q3 24
8.5%
47.0%
Q2 24
14.5%
Q1 24
12.7%
Operating Margin
OLN
OLN
Q
Q
Q4 25
-9.4%
Q3 25
4.8%
21.3%
Q2 25
2.0%
Q1 25
2.7%
Q4 24
2.8%
Q3 24
1.0%
21.8%
Q2 24
8.3%
Q1 24
5.9%
Net Margin
OLN
OLN
Q
Q
Q4 25
-8.6%
Q3 25
2.6%
16.5%
Q2 25
-0.2%
Q1 25
0.1%
Q4 24
0.6%
Q3 24
-1.6%
17.3%
Q2 24
4.4%
Q1 24
2.9%
EPS (diluted)
OLN
OLN
Q
Q
Q4 25
$-1.25
Q3 25
$0.37
$1.01
Q2 25
$-0.01
Q1 25
$0.01
Q4 24
$0.10
Q3 24
$-0.21
$0.95
Q2 24
$0.62
Q1 24
$0.40

Balance Sheet & Financial Strength

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

Metric
OLN
OLN
Q
Q
Cash + ST InvestmentsLiquidity on hand
$167.6M
$128.0M
Total DebtLower is stronger
$2.8B
$1.7B
Stockholders' EquityBook value
$1.8B
$9.1B
Total Assets
$7.3B
$12.5B
Debt / EquityLower = less leverage
1.55×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OLN
OLN
Q
Q
Q4 25
$167.6M
Q3 25
$128.0M
Q2 25
Q1 25
Q4 24
$175.6M
Q3 24
Q2 24
Q1 24
Total Debt
OLN
OLN
Q
Q
Q4 25
$2.8B
Q3 25
$3.0B
$1.7B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$2.7B
Q3 24
$2.8B
Q2 24
$2.8B
Q1 24
$2.7B
Stockholders' Equity
OLN
OLN
Q
Q
Q4 25
$1.8B
Q3 25
$2.0B
$9.1B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$2.1B
$11.1B
Q2 24
$2.1B
Q1 24
$2.2B
Total Assets
OLN
OLN
Q
Q
Q4 25
$7.3B
Q3 25
$7.6B
$12.5B
Q2 25
$7.7B
Q1 25
$7.7B
Q4 24
$7.6B
Q3 24
$7.5B
Q2 24
$7.7B
Q1 24
$7.6B
Debt / Equity
OLN
OLN
Q
Q
Q4 25
1.55×
Q3 25
1.52×
0.19×
Q2 25
1.52×
Q1 25
1.50×
Q4 24
1.34×
Q3 24
1.34×
Q2 24
1.31×
Q1 24
1.24×

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
Q
Q
Operating Cash FlowLast quarter
$321.2M
$782.0M
Free Cash FlowOCF − Capex
$568.0M
FCF MarginFCF / Revenue
44.5%
Capex IntensityCapex / Revenue
16.8%
Cash ConversionOCF / Net Profit
3.71×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OLN
OLN
Q
Q
Q4 25
$321.2M
Q3 25
$26.7M
$782.0M
Q2 25
$212.3M
Q1 25
$-86.0M
Q4 24
$141.7M
Q3 24
$189.9M
Q2 24
$90.6M
Q1 24
$81.0M
Free Cash Flow
OLN
OLN
Q
Q
Q4 25
Q3 25
$-44.4M
$568.0M
Q2 25
Q1 25
$-147.4M
Q4 24
$90.7M
Q3 24
$146.6M
Q2 24
$34.1M
Q1 24
$36.7M
FCF Margin
OLN
OLN
Q
Q
Q4 25
Q3 25
-2.6%
44.5%
Q2 25
Q1 25
-9.0%
Q4 24
5.4%
Q3 24
9.2%
Q2 24
2.1%
Q1 24
2.2%
Capex Intensity
OLN
OLN
Q
Q
Q4 25
Q3 25
4.2%
16.8%
Q2 25
Q1 25
3.7%
Q4 24
3.1%
Q3 24
2.7%
Q2 24
3.4%
Q1 24
2.7%
Cash Conversion
OLN
OLN
Q
Q
Q4 25
Q3 25
0.61×
3.71×
Q2 25
Q1 25
-71.67×
Q4 24
14.03×
Q3 24
Q2 24
1.25×
Q1 24
1.69×

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%

Q
Q

Semiconductor Technologies$693.0M54%
Interconnect Solutions$583.0M46%

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