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Orion Group Holdings Inc (ORN) stock

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NYSE: ORN NYSE Construction & Engineering Next results ~January 27, 2027

C Fundamentals grade

Orion Group Holdings Inc is a US-listed company in the construction & engineering industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$8.6

Valuation models combined (3)

Base case. Range ~$5.9–$15. Weighted average of 3 models (growth cash-flow model, forward price-to-earnings vs peers, forward price-to-sales vs peers), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Orion Group Holdings Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds96 adding, 73 cuttingOf 37 active managers that changed their stake, 20 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Orion Group files

Where Orion stands after its latest 10-Q

Revenue for the twelve months to September 2026 was $928m, up 11.0% on a year earlier, faster than the 7.0% growth a quarter earlier. Free-cash-flow margin fell to -4.1% from -0.2% a year earlier. The diluted share count is up 2.2% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 7 financial-health checks. Our valuation models combined value is $4.98 a share, against a share price of $8.54.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

Orion Group Holdings Inc's trailing-twelve-month revenue grew 11.0% year on year, with a free-cash-flow margin of -4.1%.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 2776.8% while net income fell 39.1%: a 2738pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 3.9 points higher than a quarter earlier.

Things to watch

  • Burning cash. Free cash flow was -4.1% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 2.2% in a year.
  • High earnings multiple. The shares trade at 59 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 58% and a beta of 2.2 against the S&P 500.
  • Weak cash conversion. Free cash flow was -665% of net income over the last 12 months.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$0.12 against an average estimate of $0.09: beat by 28.0%
Revenue
$256m, up 13.8% on a year earlier
Share reaction
-0.4% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Next report
October 27, 2026; average EPS estimate $0.07

Orion Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.0%
  • 1 week-3.2%
  • 1 month-8.6%
  • This year-14.5%
  • 1 year-21.1%
  • 5 years+95.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$928M
Operating margin
1.2%
Net margin
0.6%
EPS (TTM, diluted)
$0.14

Growth

Revenue growth
+11.0%
Change in growth rate
+3.9 pts
Share count change
+2.2%

Cash

Free cash flow (TTM)
-$38.4M
FCF margin
-4.1%
Stock pay % of revenue
0.7%

Earnings

Last results
October 28, 2026
Next results (est.)
January 27, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership
  3. Leadership
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Orion Group Holdings Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Our value per share comes from a discounted-cash-flow model of Orion Group Holdings Inc's free cash flow after stock-based pay ( $865,608, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Orion Group Holdings Inc as an operating company, with every model that fits that kind of business. Cost of equity 11.4%: the 10-year Treasury yield (4.9%) plus a beta of 1.44 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$8.2 ~$5.0–$11 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$5.9 ~$5.1–$7.9 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$0.1 ~$0.0–$0.3 Left out: out of range vs price (0.01x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$15 ~$13–$32 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$8.6 ~$5.9–$15 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Orion Group Holdings Inc with Construction & Engineering in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 201720182019202020212022202320242025Now
Share price$7.83$4.29$5.19$4.96$3.77$2.38$4.94$7.33$9.94$8.50
Market value$222m$122m$152m$149m$116m$75m$160m$255m$394m$342m
+ Net debt (− = net cash)$90m$73m$73m$33m$27m$32m$11m−$5m$6m$105m
Enterprise value$312m$196m$225m$183m$143m$107m$171m$250m$400m$447m
Multiples
Price / sales 0.4x0.2x0.2x0.2x0.2x0.1x0.2x0.3x0.5x0.4x
Price / earnings n/m——7.4x————158.4x59.3x
Price / free cash flow 9.5x29.0x—4.8x——19.3x———
EV / EBITDA 10.1x—8.0x3.6x10.8x8.3x14.0x9.2x14.1x14.8x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

21 /100

Weak moat

How hard Orion Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -1.8% of total assets over 10 years.

  • Pricing power 7 / 20

    Gross margin has been a median 10.0%, moving by 2.9 percentage points (standard deviation) across 8 years.

  • Durability 0 / 20

    Operating margin has been a median 0.4%; its worst year was -17.3%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 3 of 8 years, at a median -0.5% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 31.4% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.26 +6% $941m +10%
Next $0.42 +58% $1.0bn +6%

Next year's EPS estimate has moved −13.6% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +4.7% on 90 days ago. In the last 30 days, 0 analysts raised Orion Group Holdings Inc's forecast and 4 cut it.

Consensus EPS forecast Orion Group Holdings Inc, last 90 days
$0.20 $0.30 $0.40 $0.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.25 Current fiscal year, 60 days ago: $0.25 Current fiscal year, 30 days ago: $0.25 Current fiscal year, 7 days ago: $0.25 Current fiscal year, Now: $0.26 $0.26 Next fiscal year, 90 days ago: $0.48 Next fiscal year, 60 days ago: $0.45 Next fiscal year, 30 days ago: $0.45 Next fiscal year, 7 days ago: $0.44 Next fiscal year, Now: $0.42 $0.42

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.25$0.48
60 days ago $0.25$0.45
30 days ago $0.25$0.45
7 days ago $0.25$0.44
Now $0.26$0.42

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.09 $0.12 +28.0%
Jun 2026 $0.06 $0.02 −68.2%
Mar 2026 $0.00 $0.05 0.0%
Dec 2025 $0.05 $0.08 +75.8%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Orion Group Holdings Inc's revenue by +7.8% next year and +9.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+6.4%, weight 64%) and the company's own record (+10.2%, weight 36%) . How the weights are set.

Analyst recommendations

6 analysts, Oct 2026
Buy6100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026156
  2. Sep 2026156
  3. Aug 2026156
  4. Jul 2026156

Counts of recommendations published by analysts covering Orion Group Holdings Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.4%
of tradable shares
Days to cover
3.97
at average volume
Short interest, 1 month
−21%
to October 15, 2026
Held by institutions
88%
of shares
Held by insiders
5.8%
of shares
Employees
2,076
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −21.1%

$10.77 on October 31, 2025 to $8.50

ThenNowEffect
Revenue (last 12 months) $837m $896m +7.0%
Net margin 1.2% 0.4% −67.8%
P/E multiple 39.3x 94.6x +140.8%
Share count 38m 40m −5.0%

Biggest factor: net margin.

Last 3 years +92.7%

$4.41 on November 3, 2023 to $8.50

ThenNowEffect
Revenue (last 12 months) $721m $896m +24.4%
P/S multiple 0.2x 0.4x +93.8%
Share count 32m 40m −20.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ORN−24%−37%+108%+48%+36%−15%
Industry peers (median)+41%−8%+43%+47%+25%+0%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ORN50%42%58%50%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ORN−45%−47%−32%−56%−46%−52%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 85% from January 26, 2017 to March 16, 2020. Getting back needed a 584% gain, reached on July 16, 2024, 1583 days after the low.

Price behaviour

52-week range
$8.30 – $17.14
From 52-week high
−50.4%
vs 50-day average
−5.2%
vs 200-day average
−28.1%
Volatility (1 year)
58%
Beta vs S&P 500
2.19

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±14.4%
After a week
5 up, 6 down
typical move ±21.9%
After a month
6 up, 5 down
typical move ±23.7%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 −0.4% 0.0% — —
July 29, 2026 −20.1% +0.1% −13.7% −18.7%
April 29, 2026 +17.8% +1.0% +30.4% +19.0%
March 4, 2026 −11.9% +0.1% −19.1% −14.4%
October 29, 2025 +30.4% −1.1% +26.9% +15.3%
July 30, 2025 −21.2% −0.5% −24.3% −18.9%
April 29, 2025 +4.9% +0.7% +22.2% +36.5%
March 4, 2025 −10.9% −0.1% −17.4% −15.3%
October 30, 2024 +14.2% −2.3% +46.5% +63.0%
July 25, 2024 −22.6% +0.6% −29.4% −29.0%
April 25, 2024 −6.8% +0.6% −4.6% +10.3%
February 28, 2024 −11.9% +0.2% +6.5% +20.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Orion Group Holdings Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Orion Group Holdings Inc
$700M $800M $900M $1B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $711.8M Revenue (TTM), FY24 Q1: $713.3M Revenue (TTM), FY24 Q2: $722.9M Revenue (TTM), FY24 Q3: $781.1M Revenue (TTM), FY24 Q4: $796.4M Revenue (TTM), FY25 Q1: $824.4M Revenue (TTM), FY25 Q2: $837.5M Revenue (TTM), FY25 Q3: $835.9M Revenue (TTM), FY25 Q4: $852.3M Revenue (TTM), FY26 Q1: $879.9M Revenue (TTM), FY26 Q2: $896.5M Revenue (TTM), FY26 Q3: $927.6M $927.6M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $711.8M
FY24 Q1 $713.3M
FY24 Q2 $722.9M
FY24 Q3 $781.1M
FY24 Q4 $796.4M
FY25 Q1 $824.4M
FY25 Q2 $837.5M
FY25 Q3 $835.9M
FY25 Q4 $852.3M
FY26 Q1 $879.9M
FY26 Q2 $896.5M
FY26 Q3 $927.6M
Revenue growth, TTM YoY Orion Group Holdings Inc
-10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -4.9% Revenue growth, TTM YoY, FY24 Q1: -2.6% Revenue growth, TTM YoY, FY24 Q2: 0.3% Revenue growth, TTM YoY, FY24 Q3: 10.6% Revenue growth, TTM YoY, FY24 Q4: 11.9% Revenue growth, TTM YoY, FY25 Q1: 15.6% Revenue growth, TTM YoY, FY25 Q2: 15.9% Revenue growth, TTM YoY, FY25 Q3: 7.0% Revenue growth, TTM YoY, FY25 Q4: 7.0% Revenue growth, TTM YoY, FY26 Q1: 6.7% Revenue growth, TTM YoY, FY26 Q2: 7.0% Revenue growth, TTM YoY, FY26 Q3: 11.0% 11.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -4.9%
FY24 Q1 -2.6%
FY24 Q2 0.3%
FY24 Q3 10.6%
FY24 Q4 11.9%
FY25 Q1 15.6%
FY25 Q2 15.9%
FY25 Q3 7.0%
FY25 Q4 7.0%
FY26 Q1 6.7%
FY26 Q2 7.0%
FY26 Q3 11.0%
Operating margin (TTM) Orion Group Holdings Inc
-1% 0% 1% 2% 3% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: -0.9% Operating margin (TTM), FY24 Q1: 0.1% Operating margin (TTM), FY24 Q2: -0.5% Operating margin (TTM), FY24 Q3: 0.2% Operating margin (TTM), FY24 Q4: 1.4% Operating margin (TTM), FY25 Q1: 1.9% Operating margin (TTM), FY25 Q2: 2.6% Operating margin (TTM), FY25 Q3: 2.3% Operating margin (TTM), FY25 Q4: 1.7% Operating margin (TTM), FY26 Q1: 1.5% Operating margin (TTM), FY26 Q2: 0.9% Operating margin (TTM), FY26 Q3: 1.2% 1.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -0.9%
FY24 Q1 0.1%
FY24 Q2 -0.5%
FY24 Q3 0.2%
FY24 Q4 1.4%
FY25 Q1 1.9%
FY25 Q2 2.6%
FY25 Q3 2.3%
FY25 Q4 1.7%
FY26 Q1 1.5%
FY26 Q2 0.9%
FY26 Q3 1.2%
FCF margin (TTM) Orion Group Holdings Inc
-5% 0% 5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 1.2% FCF margin (TTM), FY24 Q1: -1.6% FCF margin (TTM), FY24 Q2: -2.8% FCF margin (TTM), FY24 Q3: 4.1% FCF margin (TTM), FY24 Q4: -0.2% FCF margin (TTM), FY25 Q1: 1.3% FCF margin (TTM), FY25 Q2: 2.2% FCF margin (TTM), FY25 Q3: -0.2% FCF margin (TTM), FY25 Q4: -1.3% FCF margin (TTM), FY26 Q1: -0.2% FCF margin (TTM), FY26 Q2: -2.1% FCF margin (TTM), FY26 Q3: -4.1% -4.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 1.2%
FY24 Q1 -1.6%
FY24 Q2 -2.8%
FY24 Q3 4.1%
FY24 Q4 -0.2%
FY25 Q1 1.3%
FY25 Q2 2.2%
FY25 Q3 -0.2%
FY25 Q4 -1.3%
FY26 Q1 -0.2%
FY26 Q2 -2.1%
FY26 Q3 -4.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 579 521 708 710 601 748 712 796 852 928
Gross profit 62 17 64 85 41 51 62 91 106 109
EBITDA 31 −69 28 50 13 13 12 27 28 30
Operating income 2 −101 2 27 −9 −8 −7 12 15 11
Net income 0 −94 −5 20 −15 −13 −18 −2 2 6
Diluted EPS $0.01 −$3.31 −$0.18 $0.67 −$0.47 −$0.40 −$0.55 −$0.05 $0.06 $0.14
Growth (year on year)
Revenue — −10.0% +36.0% +0.2% −15.3% +24.4% −4.9% +11.9% +7.0% +11.0%
EBITDA — −321.5% — +78.4% −73.7% −3.1% — — +4.5% −8.0%
Operating income — — — — −135.0% — — — — −40.5%
Net income — — — — −172.0% — — — — —
Diluted EPS — — — — −170.1% — — — — —
Margins
Gross margin 10.8% 3.2% 9.0% 11.9% 6.8% 6.8% 8.7% 11.4% 12.4% 11.8%
EBITDA margin 5.4% −13.2% 4.0% 7.1% 2.2% 1.7% 1.7% 3.4% 3.3% 3.3%
Operating margin 0.3% −19.3% 0.3% 3.7% −1.5% −1.1% −0.9% 1.4% 1.7% 1.2%
Net margin 0.1% −18.1% −0.8% 2.8% −2.4% −1.7% −2.5% −0.2% 0.3% 0.6%
Free-cash-flow margin 4.0% 0.8% −2.5% 4.4% −2.8% −0.7% 1.2% −0.2% −1.3% −4.1%
Cash flow
Cash from operations 34 22 −1 46 0 10 17 13 28 3
Capital spending 11 18 17 15 17 15 9 14 39 41
Free cash flow 23 4 −18 31 −17 −5 8 −1 −11 −38
Stock-based pay 2 2 3 2 2 3 2 4 5 7
Free cash flow after stock pay 21 2 −21 29 −19 −8 6 −5 −16 −45
Balance sheet
Cash 9 9 0 2 12 4 31 28 2 6
Total debt 99 82 73 35 39 36 42 23 8 110
Net debt (negative = net cash) 90 73 73 33 27 32 11 −5 6 105
Diluted shares 28m 29m 29m 30m 31m 31m 32m 35m 40m 40m
Returned to shareholders
Buybacks 0 — — 0 — — — — — —
Total returned 0 — — 0 — — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 7 checks passed · September 30, 2026
What it owns · $545m
Short-term assets $300mLonger-term assets $245m
What it owes, and who funded it · $545m
Short-term liabilities $219mLonger-term liabilities $153mShareholders' equity $173m
  • Short-term assets cover short-term liabilities $300m of assets due within a year against $219m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $300m short-term assets against $153m of longer-dated liabilities.
  • More cash than debt $6m of cash against $109m of debt.
  • Debt below 40% of shareholders' equity Debt is 63% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 1% to 63% over five years.
  • A year's operating cash flow covers at least 20% of debt $3m of operating cash flow against $109m of debt.
  • Operating profit covers interest at least five times over Operating income of $11m against $8m of interest.

From Orion Group Holdings Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+2.2%
year over year
Sales & admin spending
10.6%
of revenue

Competitors: side by side with peers

Closest by revenue in construction & engineering
Last 12 months unless stated ORN MTRX AGX CDLR LMB SLND Median
Revenue, last 12 months $928m $874m $1.2bn $701m $684m $603m $1.5bn
Revenue growth, last 12 months 11.0% 13.6% 29.0% 160.6% 23.7% −32.7% 21.2%
Revenue growth, 3-year average 9.5% 3.2% 35.1% — 10.1% −19.6% 11.3%
Revenue growth, latest quarter 13.8% 13.0% 61.5% — 21.9% −47.4% 26.9%
Gross margin 11.8% 7.3% 20.9% 61.8% 23.6% −44.1% 13.0%
Operating margin 1.2% −1.1% 15.4% 51.2% 5.7% −54.6% 4.1%
Operating margin, 3-year average 1.2% −3.3% 11.5% — 6.5% −21.9% 5.4%
Net margin 0.6% −0.3% 15.1% 45.2% 4.4% −67.0% 1.9%
Cash from operations / revenue 0.3% 0.8% 46.7% 63.5% 7.7% −25.9% 4.4%
Free-cash-flow margin −4.1% 0.2% 45.9% −135.6% 7.4% −26.1% 2.3%
Free-cash-flow margin, 3-year average −0.1% 7.8% 28.3% — 6.3% −9.3% 5.5%
Stock pay / revenue 0.7% 0.8% 0.7% 0.3% 1.1% — 0.7%
Change in share count 2.2% 1.9% 0.5% 2.2% −0.3% 6.0% 0.8%

Median of all 43 companies we cover in construction & engineering. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

43 construction & engineering companies
Measure Company Peer median Rank
Revenue growth Growth 11.0% 21.2% 26 of 43
Change in growth rate Growth +3.9pp +3.2pp 19 of 43
Gross margin Profitability 11.8% 11.8% 21 of 39
Operating margin Profitability 1.2% 4.1% 24 of 39
Net margin Profitability 0.6% 2.1% 26 of 42
Free-cash-flow margin Cash generation -4.1% 2.3% 29 of 43
Stock pay as % of revenue Cash generation 0.7% 0.7% 19 of 33
Long-term debt as % of assets Balance sheet 18.2% 16.2% 19 of 35
Change in share count Balance sheet 2.2% 1.9% 25 of 40

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Heavy Civil Marine Construction $545M 63.9% ▲ 4.5%
Commercial Concrete $307M 36.1% ▲ 11.7%

From Orion Group Holdings Inc's 10-K filed March 4, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$582M
Institutions reporting
179
Shares held vs prior quarter
▲ 3.9%
Positions opened / closed
27 / 17

Top buyers and sellers, Q2 2026: 96 institutions bought and 73 sold ; the biggest buyer was Citadel Advisors LLC (+407K shares) and the biggest seller Invesco Ltd (−1.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Brandes Investment Partners, LP $82.7M 4.9M 14.2% ▼ 4.8%
Blackrock, Inc. $50.6M 3.0M 8.7% ▲ 9.9%
Wasatch Advisors LP $33.9M 2.0M 5.8% ▲ 21.6%
Vanguard Capital Management LLC $28.5M 1.7M 4.9% ▲ 2.0%
Royce & Associates LP $26.9M 1.6M 4.6% ▲ 7.9%
Dimensional Fund Advisors LP $24.9M 1.5M 4.3% ▼ 7.1%
Gendell Jeffrey L $18.6M 1.1M 3.2% 0.0%
Next Century Growth Investors LLC $16.6M 989K 2.9% ▲ 50.5%
Geode Capital Management, LLC $16.4M 976K 2.8% ▲ 6.3%
Grace & White Inc $13.7M 813K 2.3% ▼ 9.1%
State Street Corp $13.2M 785K 2.3% ▲ 1.1%
Citadel Advisors LLC $11.7M 693K 2.0% ▲ 141.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Orion Group Holdings Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 27, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 29, 2026
  • March 4, 2026
  • October 29, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on Orion Group Holdings Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Orion Group Holdings Inc in brief

What does Orion Group Holdings Inc do?
Orion Group Holdings Inc is a US-listed company in the construction & engineering industry. Its financial year ends in December.
What is Orion Group Holdings Inc's stock ticker?
Orion Group Holdings Inc trades under the ticker ORN on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Orion Group Holdings Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Orion Group Holdings Inc reported revenue of $928M, 11.0% higher than a year earlier, according to its SEC filings.
What is Orion Group Holdings Inc's free cash flow?
Orion Group Holdings Inc's free-cash-flow margin is -4.1% of revenue over the trailing twelve months, ranking 29 of the 43 construction & engineering companies we cover.
Who are Orion Group Holdings Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Brandes Investment Partners, LP, Blackrock, Inc. and Wasatch Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Orion Group Holdings Inc's market cap?
On November 2, 2026, Orion Group Holdings Inc's market capitalisation was about $342M, with a price-to-earnings ratio of 59.3 and net debt of $105M. Market figures come from third-party market data and may be delayed.
How much debt does Orion Group Holdings Inc have?
Orion Group Holdings Inc's debt-to-equity ratio is 62.8%, from its latest balance sheet (0.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Orion Group Holdings Inc's competitors?
In our Construction & Engineering peer group, the companies closest to Orion Group Holdings Inc are Matrix Service Co, Argan Inc, Cadeler A/s, Limbach Holdings, Inc. and Southland Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Orion Group Holdings Inc's.
When is Orion Group Holdings Inc's next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Orion Group Holdings Inc announces its own schedule.