Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
OC Oerlikon Corporation AG is a Swiss-based technology group specializing in advanced surface technologies, materials, and polymer processing solutions. Headquartered in Pfäffikon, the company operates through two primary divisions: Surface Solutions, which provides materials, coatings, and technologies enhancing component durability for demanding applications, and Polymer Processing Solutions, offering systems for manufacturing high-quality synthetic fibers under brands like Oerlikon Barmag and Oerlikon Neumag. These solutions address challenges in friction, wear, corrosion, and thermal management, serving industries such as aerospace, automotive, energy, medical, semiconductors, tooling, and textiles. With roots tracing back over a century and a workforce of approximately 12,000 employees across 38 countries, OC Oerlikon drives innovation through R&D in ultra-fine powders, thermal spray coatings, additive manufacturing, and precision components, enabling customers to improve product performance, efficiency, and sustainability in global markets.
Operating margin is thin at 1.15%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 4.3% YoY. Margins deteriorated 5.1pp alongside, both lines moving the wrong way.
Free cash flow declined 30% versus the prior year, cash generation momentum has weakened. Net debt of CHF 1.32B represents 12.7x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
CHF 1.57B
▼ -4.3% YoY
Net Income (TTM)
-CHF 14M
▼ -119.4% YoY
Op. Margin
1.15%
▼ -5.1pp YoY
ROIC
0.55%
▼ -1.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
CHF 104M
▼ -30.2% YoY
Op. Cash Flow (TTM)
CHF 164M
▼ -19.2% YoY
Net Debt
CHF 1.32B
Cash & Equiv.
CHF 237M
3Y CAGR: -18.6%
3Y CAGR: +1.7%
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