Orion Group Holdings (ORN) AI Stock Analysis

• Market Cap: $409.38M
• Dividend Yield: N/A
• Average Volume (3M): 211.90K
• Price to Earnings (P/E): 42.5
• Beta (1Y): 2.03
• 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: 175,947
• 30 Day Avg. Volume: 211,895
• 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: 0.96
• Enterprise Value/Revenue: 0.47
• Enterprise Value/Gross Profit: 3.60
• Enterprise Value/Ebitda: 9.42
• 1Y Price Target: $13.00
• Price Target Upside: 26.71% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: $10.50 ▲(2.34% Upside)

Overall score reflects mixed fundamentals: improved margins and leverage and a positive earnings-call reset (raised guidance and strong pipeline) are balanced by weak cash flow conversion, recent revenue decline, and a high P/E valuation. Technicals are broadly neutral, indicating consolidation rather than strong momentum.

Positive Factors

Improved Leverage Profile

A lower debt-to-equity ratio indicates improved leverage management, enhancing financial stability and reducing risk exposure.

Strong Opportunity Pipeline

A robust opportunity pipeline supports future revenue growth and market expansion, positioning the company for sustained success.

New Credit Facility

The new credit facility enhances liquidity, reduces cost of capital, and supports growth strategies, improving financial flexibility.

Negative Factors

Revenue Decline

A significant revenue decline indicates challenges in market demand or competitive positioning, potentially impacting long-term growth.

Weak Cash Flow Conversion

Weak cash flow conversion limits the company's ability to reinvest in growth opportunities and manage financial obligations effectively.

Concrete Segment Challenges

Losses in the Concrete segment highlight operational challenges, potentially affecting overall profitability and resource allocation.

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: 10.26
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 10.26 is below the 20-day moving average (MA) of 10.48, above the 50-day MA of 10.17, and above the 200-day MA of 8.34, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 50.56 is Neutral, neither overbought nor oversold. The STOCH value of 49.93 is Neutral, 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	81 Outperform	$890.79M	11.05	17.37%	―	12.53%	35.68%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ORN	59 Neutral	$409.38M	42.52	6.31%	―	7.02%	―
BBCP	58 Neutral	$364.44M	43.60	3.32%	―	-8.98%	-38.23%
ESOA	48 Neutral	$139.19M	360.09	0.64%	1.11%	16.80%	-98.32%
MTRX	47 Neutral	$340.59M	-14.12	-16.33%	―	17.16%	24.10%
SLND	41 Neutral	$178.57M	-1.88	-84.16%	―	-9.10%	21.10%

Orion Group Holdings Corporate Events

Orion Group Secures New $120 Million Credit Facility

On December 23, 2025, Orion Group Holdings entered into a new $120 million senior credit facility with UMB Bank, replacing its prior $88 million credit agreement and fully repaying the earlier facility, including a make-whole payment of about $1.1 million; the transaction was announced publicly on December 29, 2025. The five-year facility, maturing in December 2030, comprises a $60 million revolving line of credit, a $20 million equipment term loan and a $40 million acquisition term loan, plus a $25 million uncommitted accordion, and is secured by substantially all of the company’s and its domestic subsidiaries’ assets, with covenants that cap senior leverage at 3.0x and require a minimum fixed-charge coverage ratio of 1.2x; borrowings are priced off SOFR or an ABR-based rate with margins tied to leverage, delivering roughly a 225-basis-point reduction versus the prior facility and enhancing Orion’s liquidity, lowering its cost of capital and providing additional capacity to fund acquisitions, working capital and general corporate purposes, thereby supporting its stated growth strategy and financial flexibility.

The most recent analyst rating on (ORN) stock is a Hold 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 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.