Zacks Investment Research·5 days ago
Can Orion Convert $200M of New Awards Into Stronger 2026 Results?ORN's $219M in first-quarter awards, $668M backlog and J.E. McAmis acquisition raise hopes for stronger 2026 revenues and profitability.
Orion Group Holdings, Inc.(ORN)Earnings, Financials & Key Ratios
ORN•NYSE
$14.89
237.1× P/E·Price updated Jul 6, 2026
AboutOrion Group Holdings, Inc. operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides various marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures. Its marine transportation facility projects comprise public port facilities, cruise ship port facilities, private terminals, special-use navy terminals, recreational use marinas and docks, and other marine-based facilities. The company also offers on-going maintenance and repair, inspection, emergency repair, and demolition and salvage services to marine transportation facilities. Its marine pipeline service projects include the installation and removal of underwater buried pipeline transmission lines; the installation of pipeline intakes and outfalls for industrial facilities; the construction of pipeline outfalls for wastewater and industrial discharges; river crossing and directional drilling; the creation of hot taps and tie-ins; and inspection, maintenance, and repair services. The company's bridge and causeway projects include the construction, repair, and maintenance of overwater bridges and causeways, as well as the development of fendering systems in marine environments; and marine environmental structures used for erosion control, wetlands creation, and environmental remediation. The company also provides specialty services, such as design, salvage, demolition, surveying, towing, diving and underwater inspection, excavation, and repair services. In addition, it offers light commercial, structural, and other concrete construction services. Orion Group Holdings, Inc. was founded in 1994 and is headquartered in Houston, Texas.Show more
- Revenue$852M+7.0%
- EBITDA$43M+24.4%
- Net Income$2M+251.3%
- EPS (Diluted)0.06+232.8%
- Gross Margin12.39%+8.3%
- EBITDA Margin5.01%+16.3%
- Operating Margin1.42%-1.5%
- Net Margin0.29%+241.4%
- ROE1.61%+233.0%
ORN Price & Volume
Orion Group Holdings, Inc. (ORN) stock price & volume — 10-year historical chart
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Persistent Margin Volatility Masks Strategic Deleveraging Efforts
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Project execution margin volatility
Key Thesis Takeaways
- Orion Group Holdings faces a challenging operational environment where project-based revenue lumpiness and thin gross margins, which fluctuated between 9.5% and 14.0% over the last ten quarters, continue to constrain consistent profitability.
- While the company has successfully improved its financial risk profile by reducing its debt-to-equity ratio from 1.04 in 2024Q2 to 0.30 in 2026Q1, the high capital intensity required to maintain its marine fleet remains a significant drag on free cash flow.
- Investors should monitor whether the company can achieve sustainable operating leverage, as recent quarterly operating margins have dipped into negative territory, such as the -0.4% recorded in 2026Q1.
Verdict Logic
while the balance sheet has been strengthened through a reduction in debt-to-equity to 0.30, the company's inability to maintain positive operating margins, which hit -0.4% in 2026Q1, warrants a cautious wait-and-see approach.
ORN Growth Metrics
Orion Group Holdings, Inc. (ORN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.21%
5 Years3.72%
3 Years4.43%
TTM6.74%
Profit CAGR
10 Years-
5 Years-34.23%
3 Years-
TTM186.4%
EPS CAGR
10 Years-
5 Years-37.72%
3 Years-
TTM330.2%
Return on Capital
10 Years-2.5%
5 Years-0.26%
3 Years2.48%
Last Year5.56%
ORN Recent Earnings
Orion Group Holdings, Inc. (ORN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 28, 2026Metric
Actual
Est
EPS
$0.05
$0.00
Rev
$216M+9.2%
$198M
Q2 2026
Mar 3, 2026Metric
Actual
Est
EPS
$0.08+33.3%
$0.06
Rev
$233M+5.1%
$222M
Q4 2025
Oct 28, 2025Metric
Actual
Est
EPS
$0.09+50.0%
$0.06
Rev
$225M+2.3%
$220M
Q3 2025
Jul 29, 2025Metric
Actual
Est
EPS
$0.07+800.0%
$0.01
Rev
$205M-9.1%
$226M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $0.05vs $0.00 | $216Mvs $198M+9.2% |
| Q2 2026 | Mar 3, 2026 | $0.08vs $0.06+33.3% | $233Mvs $222M+5.1% |
| Q4 2025 | Oct 28, 2025 | $0.09vs $0.06+50.0% | $225Mvs $220M+2.3% |
| Q3 2025 | Jul 29, 2025 | $0.07vs $0.01+800.0% | $205Mvs $226M-9.1% |
Based on last 12 quarters of dataView full earnings history →
Latest ORN News
Recent stock market news and headlines for Orion Group Holdings, Inc. (ORN)
Business Wire·Jun 26, 2026
Orion Digital Receives Nasdaq Notification Regarding Minimum Bid Price DeficiencyVANCOUVER, British Columbia--(BUSINESS WIRE)--Orion Digital Corp. (NASDAQ:ORIO) (TSX:ORIO) (“Orion Digital” or the “Company”), today announced that on June 25, 2026, it received a written notification (the “Notification Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, for the last thirty consecutive business days, the bid price for the Company's common shares (the “Shares”) had closed below the minimum US$1.00 per share requirement f.
Zacks Investment Research·Jun 26, 2026
4 Stocks Worth Buying Now on Solid Cash Flow GrowthBrightSpring, Dycom, StoneX and Orion stand out as buy-worthy stocks, backed by rising cash flows and upward earnings estimate revisions.
Business Wire·Jun 25, 2026
Orion S.A. Declares Interim Quarterly DividendHOUSTON--(BUSINESS WIRE)--Orion S.A. (NYSE: OEC), a global specialty chemicals company, today announced that its Board of Directors has declared an interim dividend to be paid in the fourth quarter of 2026 of $0.0207 per common share of the company, which is equivalent to the aggregate amount of approximately $1.2 million based on the number of common shares currently outstanding. The interim dividend will be paid on October 7, 2026, to holders of record as of the close of business in New York,.
Zacks Investment Research·Jun 24, 2026
Orion Group Surges 57% YTD: Should Investors Buy the Stock Now?Shares of Orion Group Holdings, Inc. ORN have gained 56.5% so far in 2026, outperforming the Zacks Building Products - Heavy Construction industry's 39.4% growth. The stock has further outperformed the broader Construction sector and the S&P 500 in the same period, as evidenced by the chart below.
Peers Comparison
Key metrics vs top competitors for Orion Group Holdings, Inc. (ORN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $14.89 | $598.59M | 237.10 | 7.01% | 0.29% | 1.61% | — | |
| $17.00 | $1.14B | 15.74 | 16.47% | 8.27% | 14.83% | — | |
| $90.20 | $4.89B | 17.97 | 18.97% | 3.31% | 15.21% | — | |
| $108.09 | $6.11B | 58.74 | 54.2% | 3.9% | 13.68% | — | |
| $442.72 | $6.89B | 58.79 | 8.79% | 3.71% | 22.14% | — | |
| $148.41 | $6.49B | 40.88 | 10.4% | 3.99% | 16.01% | — |
Compare ORN vs Peers
Orion Group Holdings, Inc. (ORN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ORN SEC Filings & Documents
Orion Group Holdings, Inc. (ORN) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 29, 2026·SEC
Material company update
Mar 17, 2026·SEC
Material company update
Mar 4, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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ORN Frequently Asked Questions
Orion Group Holdings, Inc. (ORN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Orion Group Holdings, Inc.'s revenue?
Orion Group Holdings, Inc. (ORN) reported $879.9M in revenue for fiscal year 2025.
How fast is Orion Group Holdings, Inc. growing?
Orion Group Holdings, Inc. (ORN) grew revenue by 7.0% over the past year. This is steady growth.
Is ORN profitable?
Yes, Orion Group Holdings, Inc. (ORN) is profitable, generating $8.6M in net income for fiscal year 2025 (0.3% net margin).
Dividend & Returns
What is ORN's return on equity?
Orion Group Holdings, Inc. (ORN) has a return on equity (ROE) of 1.6%. This is below average, suggesting room for improvement.
What is Orion Group Holdings, Inc.'s free cash flow?
Orion Group Holdings, Inc. (ORN) had negative free cash flow of $2.0M in fiscal year 2025, likely due to heavy capital investments.