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Orion Group Holdings Inc key statistics and ratios

In fiscal 2025, Orion Group Holdings Inc had return on equity of 1.6%, an operating margin of 1.7%, debt equal to 5.0% of equity and a current ratio of 1.36. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Gross margin10.8%3.2%9.0%11.9%6.8%6.8%8.7%11.4%12.4%11.8%
Operating margin0.3%−19.3%0.3%3.7%−1.5%−1.1%−0.9%1.4%1.7%1.2%
Net margin0.1%−18.1%−0.8%2.8%−2.4%−1.7%−2.5%−0.2%0.3%0.6%
Free-cash-flow margin4.0%0.8%−2.5%4.4%−2.8%−0.7%1.2%−0.2%−1.3%−4.1%
Return on equity0.2%−50.6%−3.8%13.6%−9.5%−8.8%−13.8%−1.2%1.6%3.5%
Return on assets0.1%−25.3%−1.5%5.0%−3.8%−3.5%−4.6%−0.4%0.6%1.2%
Asset turnover1.341.402.001.751.572.081.821.912.051.93
Current ratio1.571.591.421.301.221.161.261.411.361.37
Debt to equity43.0%58.0%53.1%22.0%26.6%26.1%34.8%15.4%5.0%63.6%
Interest cover (operating income ÷ interest)0.3xn/m0.3x5.4xn/mn/mn/m0.9x1.6x1.3x
Effective tax rate———8.9%————14.4%—
SG&A as % of revenue9.8%10.2%8.6%9.2%10.0%8.4%9.8%10.4%11.0%10.6%
Capital spending as % of revenue1.9%3.4%2.4%2.1%2.8%1.9%1.3%1.8%4.6%4.5%
Free cash flow ÷ net income>999%——155.0%————−433.9%−664.5%
Dividends and buybacks ÷ free cash flow0.0%——0.6%——————

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

Compare with peers

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Figures from Orion Group Holdings Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Orion Group Holdings Inc.