What is Orion's net debt?

Orion (OEC) reported net debt of $1.3B in Q1 2026.

How has Orion's net debt changed year-over-year?

Orion's net debt increased by 4.9% year-over-year, from $1.24B to $1.3B.

What is the long-term trend for Orion's net debt?

Over 5 years (2020 to 2025), Orion's net debt has grown at a 10.0% compound annual growth rate (CAGR), from $832.74M to $1.34B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Orion OEC Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cabot CorporationCBT

1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Helen Of TroyHELE

4.8×+2.6×

CorMedixCRMD

-0.9×—

Other financials

Income statement

See full

Revenue$459.5M-3.8%

Gross profit$79.2M-19.3%

Operating income$11.4M-63.5%

Net income-$9.9M-209%

EPS (diluted)-$0.18-212%

Balance sheet

See full

Cash & equivalents$52.0M+33.3%

Total debt$1.4B+5.8%

Total equity$379.5M-18.6%

Total assets$1.9B-1.9%

Cash flow

See full

Operating cash flow-$12.4M-3,200%

CapEx$36.1M+23.6%

Free cash flow-$48.5M-68.4%

Valuation

See full

Market cap$404.87M-28.7%

Enterprise value$1.7B-5.6%

P/S0.2×-0.1×

Profitability

See full

Gross margin19.1%-2.8pp

Operating margin0.4%-3.9pp

Net margin-5%-6.4pp

FCF margin2%—

Returns & leverage

See full

Return on equity-21.1%-26.6pp

Debt / equity3.6×+0.8×

Current ratio1×-0.1×

Where this comes from

Calculated from Orion’s reported figures.

$1.4Btotal debt−$52.0Mcash and equivalents=$1.3B

The official record: Orion’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Orion's net debt?: Orion (OEC) reported net debt of $1.3B in Q1 2026.
How has Orion's net debt changed year-over-year?: Orion's net debt increased by 4.9% year-over-year, from $1.24B to $1.3B.
What is the long-term trend for Orion's net debt?: Over 5 years (2020 to 2025), Orion's net debt has grown at a 10.0% compound annual growth rate (CAGR), from $832.74M to $1.34B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.