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Orion Group Holdings vs Innovate

Innovate is the larger business, with $1.25bn of revenue in fiscal 2025 against $852m for Orion Group Holdings (1.5 times as much). Innovate grew faster (12.5% against 7.0%). Orion Group Holdings kept more of each dollar of sales as profit: a net margin of 0.3% against -4.9%.

Latest fiscal yearOrion Group HoldingsORN, 2025InnovateVATE, 2025
Revenue $852m $1.25bn
Revenue growth 7.0% 12.5%
Net income $2.5m −$60.6m
Operating margin 1.7% 2.3%
Net margin 0.3% -4.9%
Return on equity 1.6% —
Free cash flow −$10.8m $146m
Cash $1.6m $108m
Total debt $7.9m $687m
Debt to equity 5.0% —
Dividend per share — —
Dividend yield — 2.5%
Share buybacks — —
Employees — 3,587
Market value $357m $76.1m
Price vs our value range — Below our value range
Moat score 21 (Weak) 25 (Weak)
Insider trades, 12 months 0 buys, 0 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.