Forensic Analysis · General / Diversified · as of Jun 27, 2026
OLIN Corp (OLN)
A forensic read on OLIN Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Grey Zone
Financial health
1.6
Altman Z-score
Clean
Earnings quality
4
Forensic signals
-9.9%
ROE
$2.5B
Market cap
3.71%
Dividend yield
OLIN Corp earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 1.6, placing it in the Grey zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
0%Return on invested capital.Return on invested capital is 0% and slipping from 22% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
$700MGoodwill impairments.Took $700M of goodwill writedowns across 1 year(s) (FY2020 ($700M)) — about 33% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.
45d DSOReceivables vs revenue.Days sales outstanding moved from 41 to 45 days FY2018→FY2019 (receivables -2% vs revenue -12%). Receivables are creeping up relative to sales — watch the trend.
-13%Dividend — cut.The payout was CUT ~13% in FY2023 (from FY2022). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin-1.5%
Debt / Equity1.54x
Free Cash Flow$247.9M
Latest Revenue$6.78B
Return on Equity-5.5%
Revenue Growth YoY+3.7%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on OLIN Corp:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about OLN's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown