Orion SA
orioncarbons.comWhat Do They Do?
Makes rubber carbon black for tire and mechanical-rubber-goods manufacturers, and specialty carbon black used in batteries, coatings and polymers.
10-K for FY2025, filed Feb 17, 2026Our Rubber Carbon Black products are used in tires and mechanical rubber goods (“MRG”). Rubber Carbon Black is used to enhance the physical…View ↗
The Company manufactures Specialty Carbon Black for a broad range of specialized applications such as polymers, batteries, printing and…View ↗
Carbon Black for Batteries—We offer conductive additives for lithium-ion batteries for electric vehicles, energy storage and consumer…View ↗
How Do They Make Money?
Customers buy carbon black under purchase orders, sometimes governed by master supply agreements; they typically pay 30 to 90 days after shipment or delivery.
10-K for FY2025, filed Feb 17, 2026We recognize revenue when the customers obtain control of promised goods or services. The revenue recognized is the amount of consideration…View ↗
Revenue from product sales is recognized based on a point in time model when control of the product is transferred to the customer, which…View ↗
Payment terms on product sales to our customers typically range from 30 to 90 days. When the period of time between the transfer of control…View ↗
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10-K for FY2025, filed Feb 17, 2026
FY2025 revenue by reportable segment ↗
$1.8B
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10-K for FY2025, filed Feb 17, 2026
$1.8B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Rubber
Sold outright
10-K for FY2025, filed Feb 17, 2026 |
66%
FY2022: 67%
|
Rubber, FY2025
$1.2B Sources
|
Sold outright |
|
Specialty
Sold outright
10-K for FY2025, filed Feb 17, 2026 |
34%
FY2022: 33%
|
Specialty, FY2025
$618.5M Sources
|
Sold outright |
Who Are Their Customers?
Tire makers and makers of mechanical rubber goods use its rubber carbon black; battery, coatings, polymer and printing manufacturers use specialty grades. Customers place product orders, sometimes under master supply agreements.
10-K for FY2025, filed Feb 17, 2026Our Rubber Carbon Black products are used in tires and mechanical rubber goods (“MRG”). Rubber Carbon Black is used to enhance the physical…View ↗
The Company manufactures Specialty Carbon Black for a broad range of specialized applications such as polymers, batteries, printing and…View ↗
Carbon Black for Batteries—We offer conductive additives for lithium-ion batteries for electric vehicles, energy storage and consumer…View ↗
Carbon Black for Printing—We offer Specialty Carbon Black for printing inks used in different printing systems and applications. We apply…View ↗
We recognize revenue when the customers obtain control of promised goods or services. The revenue recognized is the amount of consideration…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $70.1M in FY2025, but brought in more cash than it spent: $54.8M of free cash flow.
10-K for FY2025, filed Feb 17, 2026
$27.5MView ↗
10-K for FY2025, filed Feb 17, 2026
−$70.1MView ↗
10-K for FY2025, filed Feb 17, 2026
$54.8MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
Growing. Revenue grew 17% in 4 years, from $1.5B in FY2021 to $1.8B in FY2025, about 4% a year.
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