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ODC

Oil-Dri Corporation of America

ODC

Oil-Dri Corporation of America • NYSE
$54.43 ▼ -0.91% (-0.50)
Market Cap $755.65 M
52w High $69.76
52w Low $33.55
Dividend Yield 0.67%
P/E 14.71
Volume 34.93K
Outstanding Shares 13.88M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $125.212M ▲ $19.189M ▲ $13.055M ▲ 10.426% ▲ $0.11 ▼ $21.152M ▲
Q3-2025 $115.501M ▼ $19.118M ▲ $11.104M ▼ 9.614% ▼ $0.86 ▼ $20.37M ▼
Q2-2025 $116.914M ▼ $16.966M ▼ $12.323M ▼ 10.54% ▼ $0.955 ▼ $22.302M ▼
Q1-2025 $127.945M ▲ $19.59M ▲ $15.559M ▲ 12.161% ▲ $1.214 ▲ $26.317M ▲
Q4-2024 $113.702M $18.96M $8.092M 7.117% $0.632 $18.365M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $50.458M ▲ $391.677M ▲ $132.617M ▲ $259.06M ▲
Q3-2025 $36.475M ▲ $369.543M ▲ $122.684M ▲ $246.859M ▲
Q2-2025 $22.589M ▲ $353.747M ▲ $117.887M ▼ $235.86M ▲
Q1-2025 $13.506M ▼ $350.171M ▼ $126.179M ▼ $223.992M ▲
Q4-2024 $24.481M $354.605M $144.017M $210.588M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $11.644M ▼ $22.658M ▲ $-6.588M ▼ $-2.165M ▲ $13.886M ▲ $15.981M ▼
Q2-2025 $12.921M ▼ $21.411M ▲ $-5.104M ▲ $-7.278M ▲ $9.083M ▲ $16.422M ▲
Q1-2025 $16.376M ▲ $10.919M ▼ $-12.817M ▲ $-9.08M ▼ $-10.975M ▲ $-1.898M ▼
Q4-2024 $8.525M ▲ $23.384M ▲ $-52.58M ▼ $6.864M ▼ $-22.34M ▼ $15.101M ▲
Q3-2024 $7.777M $18.984M $-7.99M $7.926M $19.021M $10.813M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q4-2025
Business to Business Segment
Business to Business Segment
 $40.00M ▲$50.00M ▲$40.00M ▼$90.00M ▲
Retail and Wholesale Segment
Retail and Wholesale Segment
 $70.00M ▲$80.00M ▲$70.00M ▼$150.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Oil-Dri’s income statement shows a business that has grown steadily while becoming meaningfully more profitable. Sales have increased every year over the past several years, and profit margins have improved as well, especially at the gross and operating profit levels. After a softer year earlier in the period, earnings have rebounded and now sit at a clearly healthier level than before, with earnings per share climbing accordingly. This suggests better pricing power, product mix, and cost control, but also sets a higher bar to maintain if input costs or demand soften.

Balance Sheet

Balance Sheet The balance sheet looks progressively stronger. Total assets have grown, with a noticeable build in cash recently, while debt remains modest and has even come down from a prior peak. Shareholders’ equity has risen steadily, indicating that profits are being retained and the company is not overly reliant on borrowing. Overall, leverage appears conservative for an industrial business, giving Oil-Dri financial flexibility to invest, weather downturns, or pursue opportunities without straining its balance sheet. Key risks would be any large, debt‑funded acquisitions or significant deterioration in mineral asset values.

Cash Flow

Cash Flow Cash generation has improved in a visible way. Operating cash flow has strengthened over time, moving from relatively thin levels to a more solid and consistent stream that now comfortably covers routine investment spending. Free cash flow was negative earlier in the period but has turned positive and is growing, even as capital spending has remained fairly steady. This pattern suggests that past investments are starting to pay off. The main watch-points are whether this stronger cash flow is sustainable through a full economic cycle and how aggressively the company chooses to reinvest versus return cash to shareholders.

Competitive Edge

Competitive Edge Oil-Dri holds a differentiated position in a niche corner of the chemicals and materials world. Its control of large, specialized mineral reserves and its vertically integrated “mine to market” model create real barriers to entry and support reliable product quality. The company sells into multiple end markets—pet care, animal health, fluids purification, agriculture, and industrial uses—which reduces dependence on any single segment. Strong brands in cat litter and long-standing technical relationships with industrial customers further support its moat. On the other hand, it still operates in competitive markets with powerful retail and agribusiness customers, and demand in several segments is tied to broader commodity and consumer trends.

Innovation and R&D

Innovation and R&D Innovation is a clear focus and appears to be a genuine strength. Oil-Dri runs dedicated innovation and microbiology centers, staffed by a specialized scientific team and backed by a pilot plant that mimics customer processes. This setup supports the creation of patented, higher-value products such as mineral-based animal health additives, advanced purification media for edible oils and renewable fuels, and differentiated cat litter offerings like antibacterial and crystal products. The company is also leaning into sustainability through energy-saving projects. The key question is execution: turning the R&D pipeline into scalable, profitable products fast enough to stay ahead of competitors and justify ongoing investment.

Summary

Overall, Oil-Dri looks like a traditionally industrial, mineral-based business that has been steadily upgraded into a more specialized, higher-margin company. Revenue and profitability have trended upward, the balance sheet is solid, and cash flow has become more robust. Its competitive strengths center on unique mineral reserves, vertical integration, patents, and diversification across pet care, animal health, purification, and agricultural applications. At the same time, it faces familiar risks: exposure to energy and input costs, cyclical end markets, intense competition in consumer pet products, regulatory and adoption hurdles in animal health, and the need to continually innovate to support premium pricing. The company appears well-positioned within its niche, but sustaining recent performance will depend on successful commercialization of new products, careful capital allocation, and disciplined management of commodity and market cycles.

NEWS

October 28, 2025 · 4:05 PM UTC

Oil-Dri to Host First Quarter 2026 Earnings Discussion and Fiscal Year 2025 Annual Meeting of Stockholders via Live Webcast

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October 9, 2025 · 4:05 PM UTC

Oil-Dri Delivers Strongest Annual Financial Results in History, Bolstered by Solid Fourth Quarter Performance

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October 8, 2025 · 4:05 PM UTC

Oil-Dri's Board of Directors Declares Quarterly Dividends

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