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Orion Group Holdings, Inc.

ORN Industrials Engineering & Construction

Orion Group Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $852.3 million, up 7.01% from fiscal 2024.

Revenue
+13.8%
EPS
+68.9%
Free cash flow
−141.1%
Total debt
+289.5%

Quarter to September 2026, against a year earlier

6.89 0.95 −12.12%
Market cap
$280.1M
P/E
45.9×
Fwd P/E
35.0×
Dividend yield
—
F-score
7/9
Altman Z
3.10
Beneish M
−2.38
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.37
Sold, $m 1.83
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 1 — — — 4 — — — —
Sell — — — 2 — 2 — — — — — —
Insider Ownership 5.46%

Capital & Financial Ratios $m

Size
Market Cap 280.14
Revenue ttm 927.56
Net income ttm 5.78
Free cash flow ttm (14.18)
Net debt Q 111.00
Valuation
P/E 45.93 (above 35: high)
Forward P/E 35.00
Price / sales 0.30
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.61
Financial health
Current ratio Q 1.37
Debt / equity Q 0.67
Interest coverage Q 2.89
Growth
Revenue growth Q +13.80% (above 0%: growing)
Operating income growth Q +60.14% (above 0%: growing)
EPS, this year +4.57%
EPS, next year A +54.64% (at or above 15%: strong)
Revenue, next year A +10.39% (at or above 10%: strong)
EPS, past 5 yrs −38.28% (below 0%: weak)
EPS, next 5 yrs A +39.08% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.4×, against a ten-year median of 0.4×; over the ten years it ranged from 0.2× in 2022 to 0.9× in 2026.
P/E against its own 10 years 62.81%
10-year low 10-year high
P/S against its own 10 years 59.77%
10-year low 10-year high
P/B against its own 10 years 77.48%
10-year low 10-year high
EV/Sales against its own 10 years 58.97%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 31 28 3 6
Receivables 144 142 225 195
Inventory 3 2 2 2
Other 85 88 35 89
272 269 278 300
2023 2024 2025 Q'26
Payables 83 98 109 109
ST’ Debt 13 0 2 9
Other 64 47 49 44
216 191 204 219

Compound Annual Growth %

10y 5y 3y
Sales 6.21% 3.72% 4.43%
Cash Flow 1.09% (9.42%) 43.16%
Earnings 0.00% (34.23%) 0.00%
Book Value (3.53%) (0.06%) 4.89%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.10 Actual 0.12

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.06 0.08 Beat by 0.02
Q1 FY26 0.00 0.05 Beat by 0.05
Q2 FY26 0.06 0.02 Miss by 0.04
Q3 FY26 0.10 0.12 Beat by 0.02
Q4 FY26 0.08 — Reports 2 March 2027

EPS $

Mar Jun Sep Dec Year
’26 0.12 (0.10) 0.14 — —
’25 (0.04) 0.02 0.08 (0.01) 0.06
’24 (0.19) (0.20) 0.12 0.17 (0.05)
’23 (0.39) (0.01) (0.02) (0.13) (0.55)
’22 (0.16) (0.10) 0.01 (0.15) (0.40)
’21 0.03 0.11 (0.33) (0.29) (0.47)
’20 0.09 0.07 0.39 0.12 0.67
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 216 222 256 — —
’25 189 205 225 233 852
’24 161 192 227 217 796
’23 159 183 168 202 712
’22 175 195 183 196 748
’21 153 146 140 162 601
’20 167 184 189 170 710
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 5 (18) 2 — —
’25 (3) (6) 23 14 28
’24 (23) (15) 37 13 13
’23 (3) (9) (17) 46 17
’22 10 2 (3) 0 10
’21 9 2 (7) (4) 0
’20 15 18 5 8 46
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (4) (29) (6) — —
’25 (12) (12) 14 24 14
’24 (24) (20) 35 11 1
’23 (4) (1) (18) 42 19
’22 7 (3) (2) (3) 0
’21 9 22 (13) (8) 10
’20 14 16 5 3 37
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 578 579 521 708 710 601 748 712 796 852 928 +4.4% 941 1,001 1,178 +11.4%
Gross margin, % 11.67 10.76 3.22 9.04 11.93 6.81 6.78 8.66 11.45 12.39 11.75 +0.7 pt
EBT (2) (4) (107) (3) 22 (14) (12) (18) (1) 3 0 n/m
EBT margin, % (0.35) (0.72) (20.48) (0.49) 3.13 (2.34) (1.63) (2.46) (0.16) 0.34 0.00 +0.7 pt
Net income (4) 0 (94) (5) 20 (15) (13) (18) (2) 2 6 n/m
Per share, $
Per share, $ Revenue 21.00 20.64 18.27 24.16 23.57 19.55 23.83 22.00 22.90 21.51 22.90 +0.3%
Earnings (0.13) 0.01 (3.31) (0.18) 0.67 (0.47) (0.40) (0.55) (0.05) 0.06 0.15 n/m
Cash flow 0.84 1.22 0.77 (0.02) 1.53 0.00 0.30 0.53 0.36 0.71 0.08 (1.9%)
Capex (0.60) (0.14) (0.51) (0.52) (0.29) 0.33 (0.31) 0.07 (0.33) (0.35) (0.43) (6.0%)
Free cash flow 0.24 1.08 0.26 (0.54) 1.24 0.33 0.00 0.60 0.03 0.36 (0.35) +4.7%
Book value 8.21 8.25 4.96 4.71 5.29 4.81 4.39 3.76 4.33 4.01 4.27 (7.7%)
Shares, m 28 28 29 29 30 31 31 32 35 40 40 +4.1%
Valuation, ×
Valuation, × P/E 0.00 780.00 0.00 0.00 7.40 0.00 0.00 0.00 0.00 181.06 45.93 96.8
P/S 0.51 0.38 0.23 0.21 0.21 0.19 0.11 0.22 0.32 0.46 0.30 0.3
P/B 1.31 0.95 0.86 1.10 0.94 0.78 0.58 1.29 1.69 2.48 1.61 1.2
EV/Sales 0.69 0.51 0.37 0.32 0.27 0.26 0.16 0.25 0.33 0.47 0.42 0.4
EV/FCF 60.44 9.77 25.87 (14.25) 5.10 15.01 (885.36) 9.11 218.73 28.15 (27.51) (52.7)
Cash, $m
Cash, $m Operating cash flow 23 34 22 (1) 46 0 10 17 13 28 3 +2.2%
Capex (17) (4) (14) (15) (9) 10 (10) 2 (11) (14) (17) (2.1%)
Free cash flow 7 30 7 (16) 37 10 0 19 1 14 (14) +9.0%
Balance, $m
Balance, $m Working capital 78 70 51 62 55 36 31 56 78 74 81 (0.5%)
Net debt 101 77 70 74 41 38 43 20 6 10 111 (22.3%)
Shareholders’ equity 226 231 142 138 159 148 138 121 151 159 173 (3.8%)
Returns, %
Returns, % ROA (0.80) 0.09 (25.31) (1.51) 5.00 (3.80) (3.51) (4.56) (0.39) 0.60 1.19 +1.4 pt
ROIC 0.78 0.31 (29.65) 0.65 8.30 (3.13) (2.78) (2.93) 4.59 5.39 2.52 +4.6 pt
ROE (1.60) 0.17 (50.65) (3.83) 13.59 (9.47) (8.82) (13.79) (1.21) 1.61 3.49 +3.2 pt
People
People Employees 2,250 2,625 2,487 2,571 2,297 2,447 2,216 1,796 1,887 2,076 — (0.9%)
Revenue/emp, $m 0.26 0.22 0.21 0.28 0.31 0.25 0.34 0.40 0.42 0.41 — +5.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Orion Group Holdings, Inc. vs peers in Engineering & Construction (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BWMN Bowman Consulting Group Ltd. $745.4M 102× 58.6× +19.69% (above 0%: growing) n/m −457.88% (below 0%: shrinking) 53.20% 5.57% Compare
CDNL Cardinal Infrastructure Group Inc. $597.5M — — — — −728.05% (below 0%: shrinking) 15.88% 6.82% Compare
ITG ITG Inc. $525.2M — — — — — 17.81% 5.58% Compare
BBCP CONCRETE PUMPING HOLDINGS, INC. $479.8M 56.4× 51.2× +12.63% (above 0%: growing) +28.57% (above 0%: growing) −28.85% (below 0%: shrinking) 38.74% 12.92% Compare
PHOE Phoenix Asia Holdings Limited $396.2M — — — — −1,148.32% (below 0%: shrinking) — — Compare
ORN Orion Group Holdings, Inc. $280.1M 45.9× 35.0× +13.80% (above 0%: growing) +68.88% (above 0%: growing) −141.07% (below 0%: shrinking) 12.94% 3.33%
MTRX Matrix Service Company $243.9M 33.0× 15.7× +3.55% (above 0%: growing) n/m −35.06% (below 0%: shrinking) 8.23% 2.04% Compare
OPAL OPAL Fuels Inc. $239.3M — (loss-making) 5.8× +3.66% (above 0%: growing) n/m +43.29% (above 0%: growing) 29.34% (3.61%) Compare
MAGH Magnitude International Ltd $236.6M — — — — — — — Compare
Median of peers $438.0M 56.4× 33.5× +8.15% — −246.47% 23.58% 5.58%

All 51 Engineering & Construction stocks →

Pay and ownership Proxy statement filed 1 April 2026

Ownership

Directors and executive officers, together 5.70%
Brandes Investment Partners, L.P.2 12.30%
BlackRock, Inc.3 6.00%
Wasatch Advisors LP4 5.50%
The Vanguard Group5 5.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Orion Group Holdings, Inc. (ORN) Latest News

29 Oct

Impact 4 · · GlobeNewswire
Impact 3 · · Simply Wall St.

28 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat transcript

27 Oct

Impact 4 · · GlobeNewswire
Impact 3 · · Zacks
Impact 3 · · Zacks

3 Aug

Impact 3 ·

30 Jul

Impact 3 · · MarketBeat transcript

29 Jul

Impact 4 · · Moby transcript
Impact 3 ·
Impact 3 ·

28 Jul

Impact 3 ·

15 Jul

Impact 3 ·

7 Jul

Impact 3 ·

2 Jul

Impact 3 ·

19 Jun

Impact 3 ·

14 May

Impact 3 ·

4 May

Impact 4 · · Simply Wall St.

2 May

Impact 4 · · MarketBeat

29 Apr

Impact 3 · · Moby

28 Apr

Impact 4 · · Zacks
Impact 4 · · GlobeNewswire
Impact 3 · · Zacks

23 Apr

Impact 4 · · Zacks

13 Apr

Impact 3 · · Zacks

9 Apr

Impact 3 · · Zacks

27 Mar

Impact 3 · · StockStory

19 Mar

Impact 4 · · GlobeNewswire

4 Mar

Impact 4 · · GuruFocus.com
stockrow.com/ORN · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com