OEC
Orion Engineered Carbons S.A.
OEC lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
OEC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Healthy | |
| Weak |
OEC's cash flow is currently healthy, and its revenue is stable, but its profitability and balance sheet are under pressure.
OEC PE Valuation
OEC has no meaningful PE right now: it lost money over the past year.
OEC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect OEC's earnings to grow and its profitability to improve, with its revenue holding steady.
OEC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.59 | — |
| Q3 2026 | -$0.56 | +$0.01 |
| Q2 2026 | -$1.71 | -711% |
| Q1 2026 | -$1.58 | -436% |
| Q4 2025 | -$1.24 | -263% |
| Q3 2025 | -$0.57 | -208% |
| Q2 2025 | $0.28 | -79% |
| Q1 2025 | $0.47 | -68% |
| Q4 2024 | $0.76 | -56% |
OEC lost $0.56 per share over the past year, about the same as its loss the year before.
OEC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $472.8M | +4.9% |
| Q2 2026 | $500.9M | +7.4% |
| Q1 2026 | $459.5M | -3.8% |
| Q4 2025 | $411.7M | -5.2% |
| Q3 2025 | $450.9M | -2.7% |
| Q2 2025 | $466.4M | -2.2% |
| Q1 2025 | $477.7M | -5% |
| Q4 2024 | $434.2M | -7.3% |
OEC's revenue grew through 2023 and has held roughly level since: $473M last quarter, up 4.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.8% | +17 points |
| Q2 2026 | 4.3% | -2.6 points |
| Q1 2026 | 2.5% | -4.1 points |
| Q4 2025 | 4.3% | -1.1 points |
| Q3 2025 | -12% | -8.6 points |
| Q2 2025 | 6.9% | -1.8 points |
| Q1 2025 | 6.5% | -4 points |
| Q4 2024 | 5.4% | -0.4 points |
OEC's operating margin was 4.8% last quarter, up 17 points from the same quarter a year ago.
OEC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $46M | +65% |
| Q2 2026 | $1.9M | -83% |
| Q1 2026 | -$48.5M | -$19.7M |
| Q4 2025 | $44.2M | +88% |
| Q3 2025 | $27.9M | +$106.7M |
| Q2 2025 | $11.5M | +$36.9M |
| Q1 2025 | -$28.8M | -$28.1M |
| Q4 2024 | $23.5M | +126% |
OEC still generates free cash flow, though less than at its 2023 peak: $44M over the past year.
OEC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.5% | -882K shares |
| 1 year | +0.2% | +140K shares |
| 3 years | -4.8% | -2.9M shares |
| 5 years | -7.3% | -4.5M shares |
| Available history | -8% | -4.9M shares |
OEC has 56M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $800,000 |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $5M |
| Q1 2025 | $19.8M |
| Q4 2024 | $8.7M |
OEC spent $800,000 buying back its own shares over the past year, down 98% from the year before.
OEC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.3x | High |
| Q2 2026 | 7.3x | High |
| Q1 2026 | 6.8x | High |
| Q4 2025 | 5.8x | High |
| Q3 2025 | 5.8x | High |
| Q2 2025 | 4.9x | High |
| Q1 2025 | 4.5x | High |
| Q4 2024 | 3.8x | Elevated |
OEC's net debt is about 4.3 years of its operating earnings (EBITDA), down from 5.8 years a year ago.
OEC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 31.9 | Neutral |
| Stochastic | 7.0 | Oversold |
OEC's weekly RSI is 32 (neutral) and its Stochastic is 7 (oversold).
OEC PE vs Basic Materials Sector
| Metric | OEC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 19x | — |
OEC has no meaningful PE right now: it lost money over the past year.
OEC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.22 | 24% below |
| 20 week MA | $5.88 | 32% below |
| 50 week MA | $6.18 | 36% below |
| 100 week MA | $8.51 | 53% below |
| 200 week MA | $15.3 | 74% below |
OEC is in a downtrend: it's below all five of its weekly moving averages, and 74% below its 200-week average.
OEC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.4 | $16.5 | -15% |
| 2021 | $16.5 | $17.9 | +8.1% |
| 2022 | $17.9 | $17.7 | -0.8% |
| 2023 | $17.7 | $27.7 | +57% |
| 2024 | $27.7 | $15.7 | -43% |
| 2025 | $15.7 | $5.15 | -67% |
| 2026 YTD | $5.15 | $3.97 | -23% |
OEC has finished lower in four of the last six years. It's down 23% so far in 2026.