Orica Past Earnings Performance
Past criteria checks 5/6
Orica has been growing earnings at an average annual rate of 32.5%, while the Chemicals industry saw earnings growing at 0.5% annually. Revenues have been growing at an average rate of 8.3% per year. Orica's return on equity is 7.3%, and it has net margins of 3.1%.
Key information
32.47%
Earnings growth rate
32.22%
EPS growth rate
| Chemicals Industry Growth | 14.45% |
| Revenue growth rate | 8.35% |
| Return on equity | 7.29% |
| Net Margin | 3.09% |
| Next Earnings Update | 12 Nov 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 01
ORI: Future Shareholder Returns Will Be Driven By Completed Buyback Program
Analysts have lifted their price target for Orica slightly to A$25.79 from A$25.42 as they factor in updated assumptions for the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Orica declared an unfranked ordinary dividend of A$0.285 per share for the six months ending March 31, 2026, with a record date of May 22, 2026, an ex dividend date of May 21, 2026, and payment set for July 7, 2026 (company announcement).Narrative Update • May 02
ORI: Refined Forecast Assumptions Will Support A Sustained Bullish Outlook
Analysts have made a marginal adjustment to Orica's price target, with fair value moving slightly from A$25.44 to A$25.42, reflecting updated assumptions around the discount rate, revenue growth, profit margins and future P/E. Valuation Changes Fair Value: revised from A$25.44 to A$25.42, a very small downward adjustment in the modelled fair value.Narrative Update • Apr 17
ORI: Refined Assumptions Will Support A Sustained Bullish Fair Value Outlook
Analysts have nudged their price target for Orica slightly lower to A$25.44 from A$25.64. This reflects updated views on discount rates, revenue growth, profit margins and future P/E assumptions.Narrative Update • Apr 03
ORI: Refined Assumptions Will Support A Sustained Bullish Fair Value Outlook
Analysts have trimmed their price target for Orica slightly to A$25.64 from A$25.75. This reflects small adjustments to assumptions around revenue growth, profit margins and the future P/E multiple.Narrative Update • Mar 19
ORI: Slightly Higher Assumptions Will Support A Steady Bullish Fair Value Outlook
Analysts have trimmed their price target on Orica from A$26.50 to A$25.75 as small adjustments to key inputs, including discount rate, revenue growth, profit margin and future P/E assumptions, filter through their valuation models. Valuation Changes Fair Value: A$26.50 to A$25.75, a small downward adjustment to the modelled valuation.Narrative Update • Mar 04
ORI: Slightly Lower Assumptions Will Support A Steady Bullish Fair Value Outlook
Analysts have nudged their fair value estimate for Orica slightly lower to A$26.50 from A$26.58, reflecting modest adjustments to the discount rate, revenue growth and profit margin assumptions while keeping the future P/E view broadly stable. Valuation Changes Fair Value: Trimmed slightly to A$26.50 from A$26.58.Narrative Update • Feb 18
ORI: Slightly Higher Return Assumptions Will Support A Steady Fair Value Outlook
Analysts now set their price target for Orica at about A$26.58, up slightly from around A$26.44, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E multiples. Valuation Changes Fair Value: A$26.44 to A$26.58, a slight upward adjustment in the modelled estimate.Analysis Article • Feb 16
Is Orica (ASX:ORI) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Narrative Update • Feb 04
ORI: Expanded Buyback And Stable Assumptions Will Support Fairly Valued Outlook
Analysts have nudged their price target for Orica slightly higher to A$26.44 from A$26.10, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Orica increased its equity buyback authorization by A$100 million to a total of A$500 million on November 13, 2025, expanding the size of its existing program (Key Developments).Analysis Article • Jan 26
Why We're Not Concerned About Orica Limited's (ASX:ORI) Share Price
With a price-to-earnings (or "P/E") ratio of 74.3x Orica Limited ( ASX:ORI ) may be sending very bearish signals at the...Narrative Update • Jan 20
ORI: Expanded Buyback And Steady Assumptions Will Support Fairly Balanced Outlook
Analysts now keep their fair value estimate for Orica steady at A$26.10, with only marginal adjustments to model inputs such as the discount rate, long-term revenue growth, profit margin and future P/E assumptions resulting in an unchanged price target. What's in the News On November 13, 2025, Orica increased its equity buyback authority by A$100 million to a total of A$500 million, signaling continued use of capital for share repurchases (Key Developments).Narrative Update • Jan 06
ORI: Expanded Buyback And Steady Assumptions Will Support Fairly Balanced Outlook
Analysts have reaffirmed their price target on Orica at A$26.10, with only minor tweaks to inputs such as the discount rate, long run revenue growth, profit margin and assumed future P/E. This keeps their valuation view broadly unchanged.Narrative Update • Dec 22
ORI: Expanded Buyback And Higher Dividend Will Support Moderately Balanced Outlook
Narrative Update Analysts have raised their price target on Orica to approximately A$26.10 from A$23.68, reflecting slightly lower perceived risk, stronger expected revenue growth, and a higher future earnings multiple that more than offset a modest downward revision to profit margins. What's in the News Expanded equity buyback authorization by AUD 100 million, lifting the total program to AUD 500 million as of November 13, 2025 (company announcement) Declared an increased ordinary dividend of AUD 0.32 per share for the six months ended September 30, 2025, with ex date November 21, record date November 24, and payment date December 22, 2025 (company announcement) Valuation Changes Fair Value Estimate has risen moderately to approximately A$26.10 from about A$23.68.Narrative Update • Dec 08
ORI: Expanded Buyback And Dividend Will Support Moderately Balanced Future Outlook
Analysts have nudged their price target for Orica slightly higher to reflect a modest improvement in the company’s risk profile and earnings sustainability, with the updated valuation now implying a fair value of approximately $23.68 per share. What's in the News Orica increased its equity buyback plan by AUD 100 million on November 13, 2025, lifting the total authorization to AUD 500 million (company announcement).Narrative Update • Nov 24
ORI: Buyback Expansion And Dividend Actions Will Shape Balanced Market Sentiment
Analysts have adjusted their price target for Orica upward from $23.38 to $23.68. This change reflects updated forecasts and supportive changes in core financial metrics.Analysis Article • Nov 17
Orica (ASX:ORI) Is Paying Out A Larger Dividend Than Last Year
Orica Limited ( ASX:ORI ) has announced that it will be increasing its dividend from last year's comparable payment on...Narrative Update • Nov 07
ORI: Revenue Forecasts Will Drive Modest Shifts In Future Market Expectations
Analysts have raised their price target for Orica, increasing the estimated fair value from $22.95 to $23.38. This change reflects slightly improved revenue growth forecasts and updated discount rates.Analysis Article • Nov 03
Estimating The Intrinsic Value Of Orica Limited (ASX:ORI)
Key Insights The projected fair value for Orica is AU$24.40 based on 2 Stage Free Cash Flow to Equity Orica's AU$22.14...Narrative Update • Oct 24
Sustained Earnings Expected From Recent Acquisitions And Technology Improvements
Analysts have raised their price target for Orica from $22.56 to $22.95. They cite a slight improvement in projected revenue growth, while discount rates remain stable and profit margin expectations have been adjusted only slightly.Narrative Update • Sep 23
Terra Insights And Cyanco Acquisitions, Advanced Blasting Tech, And Sustainability Efforts Will Boost Earnings Growth
Orica's fair value has been revised marginally higher as analysts factor in slightly improved revenue growth expectations, with the consensus price target moving from A$22.17 to A$22.56. Valuation Changes Summary of Valuation Changes for Orica The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from A$22.17 to A$22.56.Narrative Update • Sep 08
Terra Insights And Cyanco Acquisitions, Advanced Blasting Tech, And Sustainability Efforts Will Boost Earnings Growth
Despite lower consensus revenue growth forecasts, a higher future P/E multiple has supported a moderate increase in Orica’s analyst price target to A$22.17. Valuation Changes Summary of Valuation Changes for Orica The Consensus Analyst Price Target has risen slightly from A$21.56 to A$22.17.Analysis Article • Aug 08
Does Orica (ASX:ORI) Have A Healthy Balance Sheet?
ASX:ORI 1 Year Share Price vs Fair Value Explore Orica's Fair Values from the Community and select yours Some say...Analysis Article • Jul 08
An Intrinsic Calculation For Orica Limited (ASX:ORI) Suggests It's 41% Undervalued
Key Insights The projected fair value for Orica is AU$33.84 based on 2 Stage Free Cash Flow to Equity Orica's AU$19.82...Analysis Article • Jun 20
The Price Is Right For Orica Limited (ASX:ORI)
It's not a stretch to say that Orica Limited's ( ASX:ORI ) price-to-sales (or "P/S") ratio of 1.2x right now seems...
New Narrative • Dec 06
Terra Insights And Cyanco Acquisitions, Advanced Blasting Tech, And Sustainability Efforts Will Boost Earnings Growth
Strategic acquisitions and focus on advanced technology are expected to drive revenue growth and enhance earnings through integration and cross-selling opportunities.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Orica makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 8,116 | 251 | 2,006 | 0 |
| 31 Dec 25 | 8,149 | 207 | 2,027 | 0 |
| 30 Sep 25 | 8,183 | 162 | 2,047 | 0 |
| 30 Jun 25 | 8,104 | 130 | 2,057 | 0 |
| 31 Mar 25 | 7,999 | 98 | 2,035 | 0 |
| 31 Dec 24 | 7,845 | 311 | 1,983 | 0 |
| 30 Sep 24 | 7,691 | 525 | 1,931 | 0 |
| 30 Jun 24 | 7,647 | 518 | 1,889 | 0 |
| 31 Mar 24 | 7,604 | 511 | 1,847 | 0 |
| 31 Dec 23 | 7,775 | 403 | 1,811 | 0 |
| 30 Sep 23 | 7,945 | 296 | 1,775 | 0 |
| 30 Jun 23 | 7,997 | 282 | 1,715 | 0 |
| 31 Mar 23 | 8,049 | 267 | 1,654 | 0 |
| 31 Dec 22 | 7,573 | 206 | 1,593 | 0 |
| 30 Sep 22 | 7,096 | 145 | 1,531 | 0 |
| 31 Mar 22 | 5,870 | -262 | 1,444 | 0 |
| 31 Dec 21 | 5,556 | -225 | 1,430 | 0 |
| 30 Sep 21 | 5,242 | -188 | 1,416 | 0 |
| 31 Mar 21 | 4,690 | -21 | 1,318 | 0 |
| 31 Dec 20 | 4,926 | 25 | 1,363 | 0 |
| 30 Sep 20 | 5,161 | 71 | 1,408 | 0 |
| 30 Jun 20 | 5,789 | 273 | 1,548 | 0 |
| 31 Mar 20 | 5,948 | 377 | 1,573 | 0 |
| 31 Dec 19 | 5,922 | 311 | 1,553 | 0 |
| 30 Sep 19 | 5,896 | 245 | 1,533 | 0 |
| 30 Jun 19 | 5,794 | 230 | 1,526 | 0 |
| 31 Mar 19 | 5,691 | 214 | 1,518 | 0 |
| 31 Dec 18 | 5,547 | 83 | 1,509 | 0 |
| 30 Sep 18 | 5,402 | -48 | 1,500 | 0 |
| 30 Jun 18 | 5,282 | -43 | 1,467 | 0 |
| 31 Mar 18 | 5,162 | -38 | 1,435 | 0 |
| 31 Dec 17 | 5,116 | 174 | 1,402 | 0 |
| 30 Sep 17 | 5,070 | 386 | 1,370 | 0 |
| 30 Jun 17 | 5,035 | 388 | 1,364 | 0 |
| 31 Mar 17 | 4,999 | 389 | 1,358 | 0 |
| 31 Dec 16 | 5,055 | 366 | 1,383 | 0 |
| 30 Sep 16 | 5,111 | 343 | 1,408 | 0 |
| 31 Mar 16 | 5,431 | -1,336 | 1,441 | 0 |
| 31 Dec 15 | 5,552 | -1,306 | 1,443 | 0 |
| 30 Sep 15 | 5,673 | -1,275 | 1,445 | 0 |
Quality Earnings: ORI has high quality earnings.
Growing Profit Margin: ORI's current net profit margins (3.1%) are higher than last year (1.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ORI has become profitable over the past 5 years, growing earnings by 32.5% per year.
Accelerating Growth: ORI's earnings growth over the past year (155.6%) exceeds its 5-year average (32.5% per year).
Earnings vs Industry: ORI earnings growth over the past year (155.6%) exceeded the Chemicals industry 6%.
Return on Equity
High ROE: ORI's Return on Equity (7.3%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/10 08:47 |
| End of Day Share Price | 2026/06/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Orica Limited is covered by 31 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brook Campbell-Crawford | Barrenjoey Markets Pty Limited |
| Benjamin Brayshaw | Barrenjoey Markets Pty Limited |
| Joseph House | Bell Potter |