Orion Group Holdings (ORN) AI Stock Analysis

• Market Cap: $398.21M
• Dividend Yield: N/A
• Average Volume (3M): 306.92K
• Price to Earnings (P/E): 41.4
• Beta (1Y): 2.02
• Revenue Growth: 7.02%
• EPS Growth: N/A
• Country: US
• Employees: 1,767
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.09
• Shares Outstanding: 39,900,978
• 10 Day Avg. Volume: 193,771
• 30 Day Avg. Volume: 306,924
• PEG Ratio: 1.70
• Price to Book (P/B): 1.69
• Price to Sales (P/S): 0.32
• P/FCF Ratio: -180.18
• Enterprise Value/Market Cap: 0.98
• Enterprise Value/Revenue: 0.47
• Enterprise Value/Gross Profit: 3.60
• Enterprise Value/Ebitda: 9.42
• 1Y Price Target: $12.17
• Price Target Upside: 21.94% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: $10.00 ▲(0.20% Upside)

Orion Group Holdings' overall stock score is driven by a mixed financial performance with strong leverage management but significant revenue and cash flow challenges. Positive technical indicators and a favorable earnings call with increased guidance contribute positively, while high valuation metrics and challenges in the Concrete segment weigh on the score.

Positive Factors

Revenue Growth

The company's ability to achieve sequential growth in revenue and profitability metrics indicates strong market demand and effective execution of strategic initiatives.

Strategic Initiatives

Increasing bonding capacity enhances Orion's ability to secure larger projects, supporting long-term growth and competitive positioning in the infrastructure sector.

Debt Reduction

Reducing debt through strategic asset sales improves financial flexibility and strengthens the balance sheet, supporting sustainable growth.

Negative Factors

Concrete Segment Challenges

Ongoing challenges in the Concrete segment, including revenue decline and losses, could hinder overall profitability and require strategic adjustments.

SG&A Expenses

Rising SG&A expenses reduce operating income and profitability, necessitating cost management to maintain financial health.

Project Delays

Delays in major projects can impact revenue timing and growth prospects, requiring adjustments in project management and planning.

Orion Group Holdings Business Overview & Revenue Model

Company Description

Orion Group Holdings, Inc. operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides various marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures. Its marine transportation facility projects comprise public port facilities, cruise ship port facilities, private terminals, special-use navy terminals, recreational use marinas and docks, and other marine-based facilities. The company also offers on-going maintenance and repair, inspection, emergency repair, and demolition and salvage services to marine transportation facilities. Its marine pipeline service projects include the installation and removal of underwater buried pipeline transmission lines; the installation of pipeline intakes and outfalls for industrial facilities; the construction of pipeline outfalls for wastewater and industrial discharges; river crossing and directional drilling; the creation of hot taps and tie-ins; and inspection, maintenance, and repair services. The company's bridge and causeway projects include the construction, repair, and maintenance of overwater bridges and causeways, as well as the development of fendering systems in marine environments; and marine environmental structures used for erosion control, wetlands creation, and environmental remediation. The company also provides specialty services, such as design, salvage, demolition, surveying, towing, diving and underwater inspection, excavation, and repair services. In addition, it offers light commercial, structural, and other concrete construction services. Orion Group Holdings, Inc. was founded in 1994 and is headquartered in Houston, Texas.

How the Company Makes Money

Orion Group Holdings generates revenue through several key streams, primarily from contracts in the marine and concrete construction sectors. The company earns income by undertaking large-scale construction projects that are often funded by government and private sector contracts. Revenue is recognized based on the percentage of completion method for long-term contracts, allowing Orion to report earnings as work progresses. Additionally, the company benefits from strategic partnerships with various governmental and industrial clients, which helps secure ongoing projects and long-term contracts. The diverse portfolio of services, combined with a focus on quality and safety, contributes to customer retention and repeat business, further enhancing the company's financial stability.

Orion Group Holdings Financial Statement Overview

Summary

Orion Group Holdings shows a mixed financial performance. Improvements in gross profit margin and operational efficiencies are offset by a significant revenue decline and cash flow challenges. The balance sheet is stable with good leverage management, but profitability metrics like ROE are moderate.

Income Statement

Orion Group Holdings shows a mixed performance in its income statement. The TTM data reveals a gross profit margin of 13.02%, which is an improvement over previous years, indicating better cost management. However, the net profit margin is low at 1.13%, and revenue has declined by 18.8% compared to the previous period, highlighting challenges in revenue generation. Despite these issues, the company has improved its EBIT and EBITDA margins, suggesting operational efficiencies.

Balance Sheet

The balance sheet of Orion Group Holdings reflects a stable financial position with a debt-to-equity ratio of 0.27 in the TTM period, significantly reduced from previous years, indicating improved leverage management. The return on equity is modest at 6.19%, showing profitability but with room for improvement. The equity ratio stands at 37.37%, suggesting a solid equity base relative to total assets.

Cash Flow

The cash flow statement presents challenges, with a negative free cash flow growth rate of -107.39% in the TTM period, indicating cash flow issues. The operating cash flow to net income ratio is 0.14, showing limited cash generation relative to net income. The free cash flow to net income ratio is negative, reflecting difficulties in converting profits into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	835.92M	796.39M	711.78M	748.32M	601.36M	709.94M
Gross Profit	108.84M	91.16M	61.66M	50.74M	40.97M	84.70M
EBITDA	41.56M	31.39M	15.68M	11.06M	4.70M	44.76M
Net Income	9.48M	-1.64M	-17.88M	-12.61M	-14.56M	20.22M
Balance Sheet
Total Assets	422.38M	417.32M	416.89M	367.15M	351.75M	414.19M
Cash, Cash Equivalents and Short-Term Investments	4.92M	28.32M	30.94M	3.78M	12.29M	1.59M
Total Debt	42.92M	94.46M	85.49M	66.56M	69.21M	65.67M
Total Liabilities	264.49M	266.64M	295.42M	229.35M	203.65M	254.69M
Stockholders Equity	157.89M	150.68M	121.47M	137.80M	148.10M	159.49M
Cash Flow
Free Cash Flow	-1.33M	-1.42M	8.27M	-5.02M	-16.91M	31.34M
Operating Cash Flow	27.62M	12.68M	17.18M	9.56M	69.00K	46.03M
Investing Cash Flow	-26.54M	-11.48M	2.17M	-9.70M	10.63M	-3.13M
Financing Cash Flow	-24.42M	-3.82M	7.81M	-8.37M	6.00K	-42.40M

Orion Group Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.98
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ORN, the sentiment is Positive. The current price of 9.98 is above the 20-day moving average (MA) of 9.79, above the 50-day MA of 9.19, and above the 200-day MA of 7.81, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 56.75 is Neutral, neither overbought nor oversold. The STOCH value of 95.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ORN.

Orion Group Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GLDD	76 Outperform	$865.63M	10.74	17.37%	―	12.53%	35.68%
ORN	64 Neutral	$398.21M	41.36	6.31%	―	7.02%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ESOA	60 Neutral	$142.20M	49.85	5.24%	1.05%	9.52%	-88.22%
BBCP	56 Neutral	$319.66M	38.24	3.32%	―	-8.98%	-38.23%
MTRX	47 Neutral	$428.61M	-14.39	-16.33%	―	17.16%	24.10%
SLND	43 Neutral	$173.70M	―	-84.16%	―	-9.10%	21.10%

Orion Group Holdings Corporate Events

Orion Group Holdings Reports Strong Q3 2025 Results

Orion Group Holdings, Inc. is a specialty construction company operating in the infrastructure, industrial, and building sectors, offering services both on land and water across the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin through its marine and concrete segments.

Orion Group Holdings Q3 2025 Earnings Call Highlights

The recent earnings call for Orion Group Holdings painted a picture of robust financial performance and strategic achievements, yet highlighted some challenges that the company is currently facing. The overall sentiment was positive, buoyed by significant contract wins and industry recognition, though tempered by concerns in the Concrete segment, increased SG&A expenses, and project delays.

Orion Group Holdings Reports Strong Q3 Financial Results

On October 29, 2025, Orion Group Holdings announced strong third-quarter financial results, highlighting top- and bottom-line growth, robust cash generation, and strategic advancements such as expanding bonding capacity and securing new contracts. The company is well-positioned for future growth, with a healthy $18 billion opportunity pipeline and significant contracts in marine infrastructure and concrete projects. Orion’s strategic focus on AI investment, reshoring manufacturing, and defense expansion is expected to drive further growth, supported by recent property sales to reduce debt and enhance competitive advantage.

The most recent analyst rating on (ORN) stock is a Buy with a $9.50 price target. To see the full list of analyst forecasts on Orion Group Holdings stock, see the ORN Stock Forecast page.

Orion Group Holdings Reports Strong Q3 2025 Results

On October 28, 2025, Orion Group Holdings reported its third-quarter results for 2025, highlighting strong operational execution with revenue of $225.1 million and adjusted EBITDA of $13.1 million. The company increased its fiscal year guidance, reflecting confidence in its strategic priorities and market positioning. Orion expanded its bonding capacity by $400 million and closed the sale of its East and West Jones property, which will aid in debt reduction and operational cost savings. The company is well-positioned to capitalize on growth opportunities in AI investment, reshoring manufacturing, marine infrastructure, and defense expansion.

The most recent analyst rating on (ORN) stock is a Buy with a $9.50 price target. To see the full list of analyst forecasts on Orion Group Holdings stock, see the ORN Stock Forecast page.

Orion Group Holdings Expands Board with New Appointment

On September 28, 2025, Orion Group Holdings announced the expansion of its Board of Directors from seven to eight members, effective November 19, 2025, with the appointment of Robert Ledford. Mr. Ledford, who brings over 35 years of leadership experience in construction and engineering, is expected to contribute significantly to Orion’s strategic growth and value creation for shareholders. His extensive expertise in mergers and acquisitions, financial management, and business development is anticipated to enhance the company’s operations and industry positioning.

The most recent analyst rating on (ORN) stock is a Buy with a $11.50 price target. To see the full list of analyst forecasts on Orion Group Holdings stock, see the ORN Stock Forecast page.

Orion Group Highlights Strategic Plans at Conference

On September 18, 2025, Orion Group Holdings announced its participation in the D.A. Davidson 24th Annual Diversified Industrials & Services Conference, highlighting its strategic plans and market opportunities. The company is well-positioned to leverage the $17B Infrastructure Act funding, with a robust backlog of $746M and a focus on expanding infrastructure projects for the U.S. Navy and U.S. Army Corps of Engineers, as well as AI-driven data center construction and private investments in energy and chemical infrastructure.

The most recent analyst rating on (ORN) stock is a Buy with a $11.50 price target. To see the full list of analyst forecasts on Orion Group Holdings stock, see the ORN Stock Forecast page.