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An announcement from Orion Group Holdings ( (ORN) ) is now available.
On March 4, 2026, Orion Group Holdings posted its fourth-quarter and full-year 2025 investor presentation, highlighting 2025 revenue of $852 million, adjusted EBITDA of $45 million, a year-end backlog of $640 million and a workforce of about 2,000 employees. The materials underscore Orion’s strong safety record, leading ENR rankings in marine ports and concrete, and a diversified customer base supported by long-term infrastructure, defense and data center demand tailwinds.
The presentation details that the Marine segment generated $545 million of 2025 revenue and $80 million of contribution adjusted EBITDA, supported by major contracts such as a $460 million U.S. Navy submarine dry dock at Pearl Harbor and a $120 million Grand Bahama Shipyard dry dock project. In Concrete, Orion reported $307 million of 2025 revenue and $12 million of contribution adjusted EBITDA, with operations centered on data centers, high-rise buildings and industrial facilities in Texas, Florida and Arizona.
Orion also disclosed it closed the acquisition of J.E. McAmis on February 3, 2026, paying $60 million plus contingent consideration to bolster its heavy civil and jetty construction capabilities and expand its footprint in the Pacific Northwest, Canada, Alaska, Hawaii and Florida. The company emphasized its high barriers to entry, extensive specialized equipment fleet, strong balance sheet and a roughly $23 billion opportunity pipeline, positioning it as a mission-critical contractor poised to benefit from U.S. infrastructure spending, naval expansion and coastal rehabilitation initiatives.
The most recent analyst rating on (ORN) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Orion Group Holdings stock, see the ORN Stock Forecast page.
Spark’s Take on ORN Stock
According to Spark, TipRanks’ AI Analyst, ORN is a Neutral.
Score is driven primarily by mixed financial performance—stronger balance sheet and improving margins are offset by revenue decline and weak cash flow conversion. Technicals are supportive (uptrend with positive MACD), but overbought signals increase pullback risk. Valuation is a meaningful headwind due to the high P/E, while the latest earnings call was broadly positive on raised guidance and pipeline despite segment and cost pressures.
To see Spark’s full report on ORN stock, click here.
More about Orion Group Holdings
Orion Group Holdings (NYSE: ORN) is a specialty construction company focused on large, mission-critical infrastructure projects across two segments: Marine and Concrete. The Marine unit provides engineering, construction, dredging and specialty services for ports, docks, jetties, breakwaters and marine infrastructure, while the Concrete segment delivers turnkey services for commercial, structural, high-rise residential and industrial projects across U.S. growth markets.
Average Trading Volume: 313,885
Technical Sentiment Signal: Buy
Current Market Cap: $535.1M
For a thorough assessment of ORN stock, go to TipRanks’ Stock Analysis page.