ORION S.A.

OECCIK 0001609804

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Financial snapshot

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Filings

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Analytical signals

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Calculations over this company’s filings, each compared with a stated threshold. They indicate where to read more closely; they are analytical evidence, not conclusions, and none implies wrongdoing.

Pension funding

P-07 · Calculated

Threshold met

FY 2025-12-31

The funded ratio of defined-benefit plans against shareholder equity.

DB plan 6% funded — -$60M deficit (16% of equity)

Trend: flat

P-07 inputs
Input	Value
model score (0–100)	85.7
benefit_obligation	64300000
plan_assets	3900000
funded_ratio	0.0607
deficit	-60400000
deficit_vs_equity	0.157
thresholds.elevated	<90% funded
thresholds.triggered	<80% funded or deficit >25% of equity
stale	false
latest_filing_period	2025-12-31

Trend

10-K· 2026-02-17 Methodology

Earnings quality

P-01 · Calculated

Below threshold

FY 2025-12-31

Beneish M-Score -3.13 is below the reference levels used here

Trend: flat

How reported earnings relate to accruals and to changes in receivables, margins and asset quality.

P-01 inputs
Input	Value
model score (0–100)	10.6
m_score	-3.128
threshold	-1.78
ratios.DSRI	1.048
ratios.GMI	1.147
ratios.AQI	0.989
ratios.SGI	0.962
ratios.DEPI	1
ratios.SGAI	1.008
ratios.LVGI	1.088
ratios.TATA	-0.15
defaulted_to_neutral	DEPI
sloan_accruals	-0.1519
inputs.revenue_t	1806700000
inputs.revenue_t1	1877500000
inputs.total_assets_t	1907600000
inputs.net_income_t	-70100000
inputs.cfo_t	215800000
stale	false
latest_filing_period	2025-12-31

Trend

10-K· 2026-02-17 Methodology

Effective tax rate

P-05 · Calculated

Below threshold

FY 2024-12-31

ETR 18.0% — within normal range of statutory

Trend: flat

The gap between the effective and the statutory tax rate, and whether it persists across three years.

P-05 inputs
Input	Value
model score (0–100)	0.0
etr_by_year.2024-12-31	0.18
etr_by_year.2023-12-31	0.3681
statutory_rate	0.21
gap_by_year.2024-12-31	0.03
gap_by_year.2023-12-31	-0.1581
note	Low ETR can be fully legitimate; this flags persistence + magnitude for review.
stale	false
latest_filing_period	2025-12-31

Trend

10-K· 2026-02-17 Methodology

Interest coverage

P-13 · Calculated

Below threshold

FY 2023-12-31

[FY2023 data, stale — no more recent EBIT figure in XBRL] Interest coverage 4.03x, at or above 1.0x

Trend: flat

Whether operating earnings cover interest expense, and for how many consecutive years they did not.

P-13 inputs
Input	Value
model score (0–100)	0.0
icr_by_year.2025-12-31	null
icr_by_year.2024-12-31	null
icr_by_year.2023-12-31	4.033
icr_by_year.2022-12-31	4.94
consecutive_years_below_1	0
altman_z_double_prime	2.681
definitions.zombie	ICR<1 for 3+ consecutive FYs (BIS 2018)
definitions.z_distress	<1.1 distress, 1.1-2.6 gray, >2.6 safe
inputs.ebit_t	205300000
inputs.interest_expense_t	50900000
stale	true
latest_filing_period	2025-12-31

Trend

10-K· 2026-02-17 Methodology

Restatement indicators

P-12 · Calculated

Below threshold

FY 2025-12-31

F-Score 0.63 is at or below the 1.0 reference level

Trend: flat

How closely reported accruals and financing patterns resemble those of companies that later restated.

P-12 inputs
Input	Value
model score (0–100)	21.1
f_score	0.634
probability	0.00234
components.rsst	-0.1519
components.drec	0.0009
components.dinv	-0.007
components.soft	0.9682
components.dcs	-0.0386
components.droa	-0.0605
components.issue	0
model	Dechow et al. 2011, Model 1 (simplified RSST)
thresholds.elevated	1
thresholds.triggered	1.85
stale	false
latest_filing_period	2025-12-31

Trend

10-K· 2026-02-17 Methodology

No stored result for Subsidiary jurisdictions, ESG disclosure support, Insider filing timing, Language change, Strategic-review language, Carbon-exposed assets. Some signals are computed on request, and others need inputs this company’s filings do not tag; a missing result is not a finding either way.

Methodology and sources

Financial figures come from SEC XBRL company facts (annual reports). Choose any evidence marker to see the filing behind a value.
Filing text comes from SEC EDGAR. Browse this company on EDGAR ↗
Signals are calculated by Stratum from those filings. Some use AI to read filing text, and every AI claim must quote the document verbatim or it is discarded. Full methodology

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