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Orion Group Holdings Inc. (ORN)

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Orion Group Holdings Inc. (ORN) reported revenue of $256 million for Q3 FY2026, the quarter ended 30 September 2026, up 13.8% on the same quarter a year earlier. Net income was $5 million, up 65.8% on the year, and diluted earnings per share $0.14. The figures are the company's own, from the 10-Q it filed with the SEC on 28 October 2026.

Revenue$256 millionup 13.8%
Net income$5 millionup 65.8%
Diluted EPS$0.14
QuarterQ3 FY2026ended 30 September 2026

Orion Group Holdings (ORN) in brief

Orion Group Holdings (ORN) reported revenue of $852 million for fiscal 2025, the year ended 31 December 2025, up 7.0% on the year before.
Read moreNet income was $2 million and diluted earnings per share $0.06. Revenue was $796 million in fiscal 2024, $712 million in fiscal 2023, $748 million in fiscal 2022 and $601 million in fiscal 2021. Net income in the same years was a loss of $2 million, a loss of $18 million, a loss of $13 million and a loss of $15 million. Over the twelve months to 30 September 2026, Orion Group Holdings reported revenue of $928 million and net income of $6 million. Revenue grew 3.7% a year, compounded, over the five years to fiscal 2025. Orion Group Holdings had 41 million shares outstanding at the latest filed count. At 30 September 2026 it carried $109 million of debt and $6 million of cash. At the close of 30 October 2026 the market cap of Orion Group Holdings was $342 million, 56.1 times its earnings over the last twelve months.

Ratios

From the filings

ROE3.3%
ROCE4.1%
Operating margin1.2%
Net margin0.6%
FCF margin-4.1%
Interest cover1.35
Debt to equity0.63
Cash conversion0.53
Share count, last 12 months1.8%
Sales CAGR, 3 years4.4%
Profit CAGR, 3 yearsn/a
EPS, TTM$0.15

At the close of 30 October 2026

Price$8.42
Market cap$342 million
Stock P/E56.13
Price to book1.97
EV / EBITDA14.72
Dividend yieldn/a
Market cap / sales0.37
52-week high$17.14
52-week low$8.33
Price, 1 year-25.6%
Price CAGR, 3 years20.6%
Price CAGR, 5 years13.6%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Orion Group Holdings Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
ORNgreeksoup.ai
Daily prices to 30 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ORN

Dividendsno dividend in its filings for fiscal 2009 onward
Filings23 in twelve months: 14 current reports (8-K), about 9 regulation FD disclosure; 5 officer or director change; 4 results of operations; 3 material agreement; 2 new financial obligation
Planned insider sales1 Form 144 notice in twelve months, $1.1 million; latest 9 March 2026
Options tapeput/call 0.1 by open interest at the 30 October 2026 close; the straddle prices a 19.0% move to 20 November 2026
13F holders179 funds reported a position for the quarter to 30 June 2026; largest Brandes Investment Partners, LP
Insider trading5 sales and 5 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest2.1 million shares short, 4.24 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue162175195183196159183168202161192227217189205225233216222256
Cost of revenue156162180169186153169149179145174200187166179195206190199223
Gross profit6.612.814.313.410.25.813.819.123.015.518.327.130.323.025.829.827.125.922.933.1
Gross margin4%7%7%7%5%4%8%11%11%10%10%12%14%12%13%13%12%12%10%13%
SG&A16.116.217.215.413.717.018.117.117.219.021.120.821.622.522.825.123.126.324.424.7
Operating income-8.2-2.9-2.81.1-3.5-10.62.02.6-0.6-3.1-2.87.89.60.83.45.35.0-0.8-1.38.5
Operating margin-5%-2%-1%1%-2%-7%1%2%-0%-2%-1%3%4%0%2%2%2%-0%-1%3%
Interest expense0.60.71.01.21.51.62.63.44.03.43.33.63.02.32.92.11.51.52.53.0
Pre-tax income-8.7-3.5-3.70.0-4.9-12.0-0.3-0.8-4.5-6.4-6.04.36.8-1.30.63.6-0.1-2.2-3.75.9
Tax raten/an/an/an/an/an/an/an/an/an/an/a2%0%n/a-34%9%n/an/an/a7%
Net income-8.8-4.9-3.10.2-4.9-12.6-0.3-0.7-4.4-6.1-6.64.36.8-1.40.83.3-0.24.7-4.15.5
Net margin-5%-3%-2%0%-3%-8%-0%-0%-2%-4%-3%2%3%-1%0%1%-0%2%-2%2%
Diluted EPS-$0.28-$0.16-$0.10$0.01-$0.15-$0.39-$0.01-$0.02-$0.13-$0.19-$0.20$0.12$0.17-$0.04$0.02$0.08-$0.01$0.12-$0.10$0.14
Operating cash flow-4.210.11.6-2.60.5-3.0-8.9-16.545.7-22.8-15.337.513.4-3.4-5.623.313.84.9-17.62.0
Capital expenditure5.43.54.52.64.01.92.42.42.21.94.64.23.49.07.19.313.48.611.58.0
Free cash flow-9.66.5-2.9-5.2-3.5-4.9-11.4-18.943.4-24.7-20.033.39.9-12.5-12.713.90.5-3.6-29.2-6.0
Shares outstanding31m31m31m32m32m32m32m32m33m33m33m39m39m40m40m40m40m40m40m41m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 9 fiscal years and the trailing twelve months

FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Revenue579521708710601748712796852928
Cost of revenue516504644625560698650705747819
Gross profit62.216.864.084.741.050.761.791.2106109
Gross margin10.8%3.2%9.0%11.9%6.8%6.8%8.7%11.4%12.4%11.8%
Selling, general and administrative56.653.261.065.160.262.569.482.593.598.5
Operating income1.5-1012.226.6-9.3-8.0-6.611.514.611.4
Operating margin0.3%-19.3%0.3%3.7%-1.5%-1.1%-0.9%1.4%1.7%1.2%
Interest expense5.77.96.84.95.14.511.713.48.98.5
Pre-tax income-4.1-107-3.522.2-14.1-12.2-17.5-1.32.9-0.0
Income tax-4.5-12.21.92.00.50.40.30.30.4-5.8
Effective tax raten/an/an/a8.9%n/an/an/an/a14.4%n/a
Net income0.4-94.4-5.420.2-14.6-12.6-17.9-1.62.55.8
Net margin0.1%-18.1%-0.8%2.8%-2.4%-1.7%-2.5%-0.2%0.3%0.6%
Diluted EPS$0.01-$3.31-$0.18$0.67-$0.47-$0.40-$0.55-$0.05$0.06$0.15
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Marine Segment39652154563.9%
Concrete Segment31627530736.1%
Marine SegmentConcrete Segment
712FY2023796FY2024852FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2023 to FY2025

The operating profit each segment reports. Costs Orion Group Holdings does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2023FY2024FY2025Margin
FY2025
Marine Segment3.72.329.95.5%
Concrete Segment-10.39.2-15.3-5.0%
Marine SegmentConcrete Segment
-6.6FY202311.5FY202414.6FY2025

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Marine Segment64%100%
Concrete Segment36%a loss

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Cash flow and capital returned

FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Operating cash flow34.121.9-0.746.00.19.617.212.728.13.1
Capital expenditure10.717.717.214.717.014.68.914.138.941.5
Free cash flow23.44.2-17.931.3-16.9-5.08.3-1.4-10.8-38.4
Free cash flow margin4.0%0.8%-2.5%4.4%-2.8%-0.7%1.2%-0.2%-1.3%-4.1%
Cash from investing-10.1-13.3-13.3-3.110.6-9.72.2-11.5-13.7-60.1
Cash from financing-15.3-9.06.4-42.40.0-8.47.8-3.8-39.457.8
Depreciation and amortisation29.531.826.123.922.620.918.815.513.718.8
Share-based compensation2.32.22.82.02.42.82.04.05.56.9
Buybacksn/an/an/a0.2n/an/an/an/an/an/a
Diluted shares, weighted28m29m29m30m31m31m32m35m40m41m
Shares outstanding at period end28m29m30m30m31m32m33m39m40m41m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Funded by
Shareholders' equity231142138159148138121151159173
Debt85.979.171.733.939.435.737.223.27.9109
Operating lease liabilitiesn/a0.013.614.511.611.016.620.824.726.6
Finance lease liabilitiesn/a0.03.88.410.911.113.711.35.97.9
Other liabilities11692.2168198142172228211217228
Total liabilities and equity433313395414352367417417415545
Owned
Fixed assets14614813212510710187.886.188.2138
Goodwill69.50.0n/an/an/an/an/an/an/a45.1
Intangible assets18.214.812.110.18.67.30.0n/an/a6.5
Cash and equivalents9.18.70.11.612.33.830.928.31.65.7
Inventory4.41.11.11.51.42.92.72.02.42.2
Other assets186140249275223252295301322348
Total assets433313395414352367417417415545
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a3.7%4.4%11.0%
Profit growth, compoundedn/a-34.2%n/a-39.1%
Return on equity, average-10.1%-6.6%-4.7%1.6%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Orion Group Holdings' revenue in fiscal 2025?

Orion Group Holdings (ORN) reported revenue of $852 million for fiscal 2025, the year ended 31 December 2025, up 7.0% on the year before.

How much did Orion Group Holdings earn in fiscal 2025?

Net income was $2 million for fiscal 2025, and diluted earnings per share $0.06.

What is Orion Group Holdings' P/E ratio?

At the close of 30 October 2026, Orion Group Holdings traded at 56.1 times its earnings over the twelve months to 30 September 2026.

What is Orion Group Holdings' market cap?

The market cap of Orion Group Holdings was $342 million at the close of 30 October 2026.

How much debt does Orion Group Holdings have?

At 30 September 2026 Orion Group Holdings carried $109 million of debt and $6 million of cash.

Peers: Construction

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Jacobs Solutions Inc. J$18.1 billion54.2410.4%4.6%20.1%1.100.9%
Sterling Infrastructure, Inc. STRL$10.6 billion19.4236.8%18.2%93.1%0.06n/a
Fluor Corp. FLR$6.4 billionn/a-74.3%-1.4%-4.8%0.40n/a
Granite Construction Inc. GVA$5.5 billionn/a-28.0%7.5%25.1%1.640.4%
Construction Partners, Inc. ROAD$5.1 billion35.2613.7%8.6%41.9%1.72n/a
Kbr, Inc. KBR$4.9 billion11.1225.1%9.4%-3.0%1.441.7%
Solv Energy, Inc. MWH$4.7 billionn/an/an/an/a0.00n/a
Cardinal Infrastructure Group Inc. CDNL$724 millionn/an/an/an/a0.80n/a
Concrete Pumping Holdings, Inc. BBCP$516 million64.003.9%11.5%6.9%1.56n/a
Orion Group Holdings Inc. ORN$342 million56.133.3%1.2%11.0%0.63n/a
Matrix Service Co. MTRX$258 millionn/a-1.8%-1.1%13.6%0.00n/a
Shimmick Corp. SHIM$104 millionn/an/a-1.9%-16.0%n/an/a
All 43 in Construction
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Quanta Services, Inc. PWR$93.5 billion56.2316.0%6.8%37.1%0.660.1%
Comfort Systems USA Inc. FIX$43.1 billion26.6048.9%16.7%50.7%0.010.2%
D.R. Horton, Inc. DHI$41.0 billion13.8912.8%n/a-3.5%0.301.2%
Emcor Group, Inc. EME$29.9 billion19.6236.1%10.4%22.1%0.000.2%
PulteGroup Inc. PHM$23.0 billion13.3313.7%n/a-9.3%0.170.8%
Lennar Corp. LEN$20.7 billion16.436.1%5.4%-8.0%0.27n/a
Jacobs Solutions Inc. J$18.1 billion54.2410.4%4.6%20.1%1.100.9%
NVR Inc. NVR$15.9 billion15.4733.7%n/a-9.9%0.27n/a
Mastec Inc. MTZ$14.9 billion30.4011.9%n/a25.7%1.03n/a
Toll Brothers, Inc. TOL$13.5 billion11.7214.0%13.8%-1.1%0.320.7%
Sterling Infrastructure, Inc. STRL$10.6 billion19.4236.8%18.2%93.1%0.06n/a
Dycom Industries Inc. DY$6.9 billion20.7216.0%7.8%37.8%1.37n/a
Fluor Corp. FLR$6.4 billionn/a-74.3%-1.4%-4.8%0.40n/a
Installed Building Products, Inc. IBP$5.7 billion22.9739.2%12.4%0.3%1.661.6%
Granite Construction Inc. GVA$5.5 billionn/a-28.0%7.5%25.1%1.640.4%
Everus Construction Group, Inc. ECG$5.2 billion20.6632.9%7.8%30.5%0.35n/a
Construction Partners, Inc. ROAD$5.1 billion35.2613.7%8.6%41.9%1.72n/a
Kbr, Inc. KBR$4.9 billion11.1225.1%9.4%-3.0%1.441.7%
Argan Inc. AGX$4.8 billion27.2135.4%15.4%29.0%0.000.6%
Solv Energy, Inc. MWH$4.7 billionn/an/an/an/a0.00n/a
MYR Group Inc. MYRG$4.4 billion22.9623.6%6.1%22.8%0.26n/a
Legence Corp. LGN$4.2 billionn/a-7.5%0.8%n/a1.72n/a
Tutor Perini Corp. TPC$4.2 billion34.389.8%4.5%24.7%0.310.1%
IES Holdings, Inc. IESC$4.1 billion9.1637.1%12.4%22.7%0.00n/a
Primoris Services Corp. PRIM$3.9 billion28.528.7%2.9%5.1%0.500.4%
GEO Group Inc. GEO$3.8 billion13.4619.2%11.2%15.4%1.02n/a
M/I Homes, Inc. MHO$3.2 billion12.218.5%8.2%-6.0%0.16n/a
KB Home KBH$2.9 billion13.516.0%n/a-20.8%0.552.1%
Green Brick Partners, Inc. GRBK$2.6 billion9.7913.5%n/a-6.9%0.14n/a
Sunrun Inc. RUN$1.8 billion5.0611.5%2.7%63.2%4.34n/a
Century Communities, Inc. CCS$1.5 billion14.014.3%n/a-8.2%0.71n/a
Preformed Line Products Co. PLPC$1.4 billion24.4211.4%10.1%16.3%0.110.3%
Ameresco, Inc. AMRC$1.1 billionn/an/an/an/a1.58n/a
LGI Homes, Inc. LGIH$1.0 billion15.593.1%n/a-16.7%0.74n/a
Dream Finders Homes, Inc. DFH$887 million6.8410.2%n/a-12.2%1.27n/a
Cardinal Infrastructure Group Inc. CDNL$724 millionn/an/an/an/a0.80n/a
Limbach Holdings, Inc. LMB$577 million19.3814.9%5.7%23.7%0.20n/a
Smith Douglas Homes Corp. SDHC$520 million14.228.1%n/a-1.2%0.83n/a
Concrete Pumping Holdings, Inc. BBCP$516 million64.003.9%11.5%6.9%1.56n/a
Orion Group Holdings Inc. ORN$342 million56.133.3%1.2%11.0%0.63n/a
Matrix Service Co. MTRX$258 millionn/a-1.8%-1.1%13.6%0.00n/a
Energy Services of America Corp. ESOA$175 million15.44n/a3.9%21.2%0.541.4%
Shimmick Corp. SHIM$104 millionn/an/a-1.9%-16.0%n/an/a
9 companies share its SEC industry code (Heavy Construction Other Than Bldg Const - Contractors); the rest are the names nearest in size in its wider industry, Construction, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 September 202628 October 2026EDGAR
10-Q30 June 202629 July 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 20254 March 2026EDGAR
10-Q30 September 202529 October 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 202530 April 2025EDGAR
10-K31 December 20246 March 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 202426 July 2024EDGAR