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NYSE · Industrials

Orion Group Holdings Inc (ORN)

As-reported financials and SEC filings for Orion Group Holdings Inc. The latest annual period is FY2025. The latest reported quarter is Q1 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Orion Group Holdings Inc

Orion Group Holdings Inc is a specialty construction company focused on large-scale capital projects in the marine and infrastructure sectors. It provides engineering, construction, dredging, and specialty marine services to government agencies and private enterprises, as well as concrete construction services for commercial, industrial, residential, and public projects including data centers. The company operates across the United States, Canada, and the Caribbean, serving clients involved in transportation, energy, environmental restoration, and industrial facilities.

Snapshot

Revenue
$852.3M
Revenue growth (YoY)
7.0%
Net income
$2.5M
Diluted EPS
$0.06
Gross margin
12.4%
Operating margin
1.7%
Net margin
0.3%
FCF margin
-1.3%
ROE
1.6%
net income / fiscal-year-end equity
P/E
114.4×
trailing when available, otherwise FY EPS
Market cap
$370.5M
Long-term debt / equity
0.04×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Orion Group Holdings

  • Revenue grew 7.0% to $852M in FY2025, slower than the 11.9% the year before.
  • Operating margin turned positive at 1.7% in FY2025, from a 1.5% operating loss in FY2021.
  • Most recent quarter Q1 FY2026: revenue $216M, up 14.7% from Q1 FY2025.
  • Free cash flow was negative $11M in FY2025.
  • Net income turned positive at $2M in FY2025, from a $2M loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Orion Group Holdings’s fundamentals sit among the 668 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin12.4%
18th percentile of 455
Operating margin1.7%
35th percentile of 598
Net margin0.3%
33rd percentile of 630
FCF margin-1.3%
24th percentile of 546
Revenue growth (YoY)+7.0%
57th percentile of 652
ROE1.6%
36th percentile of 590
P/E114.4×
97th percentile of 406
Long-term debt / equity0.04×
10th percentile of 403
Short interest4.12d
63rd percentile of 661

Orion Group Holdings’s P/E of 114.4 ranks in the 97th percentile of the 406 peers with a meaningful P/E. Orion Group Holdings’s long-term debt to equity of 0.04 ranks in the 10th percentile of the 403 Industrials companies reporting it.

4 reported insider purchases (code P) totaling $320,841 in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 7 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+7 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
4
3 trimmed, 1 exited
Combined position
$26.6M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$11.7M693.4KAdded
Millennium ManagementquantQ2 2026$5.5M328.2KAdded
AQR Capital ManagementquantQ2 2026$3.5M210.8KReduced
Renaissance TechnologiesquantQ2 2026$2.2M133.5KReduced
Point72 Asset ManagementquantQ2 2026$1.7M103.3KReduced
Two Sigma InvestmentsquantQ2 2026$1.2M71.3KAdded
D. E. ShawquantQ2 2026$689,80541.0KNew

No longer held by: Polen Capital Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4. Multiple insiders have bought recently (a cluster buy).

Buys (90d)
4
4 insiders
Bought (90d)
$321K
code P value
Sells (90d)
0
—
Reported activity
Cluster buy
≥2 insiders buying
Trade dateInsiderTypeSharesPriceValue
2026-07-31
filed 2026-08-04
Robert LedfordDirectorBuy20.0K$9.62$192K
2026-07-31
filed 2026-08-04
Alison Gaut VasquezEVP AND CFOBuy5.0K$9.95$50K
2026-07-31
filed 2026-08-04
Edward Chipman EarleEVP & GENERAL COUNSELBuy5.0K$9.81$49K
2026-07-31
filed 2026-08-04
Mary E. SullivanDirectorBuy3.0K$9.79$29K
2026-05-05
filed 2026-05-06
Margaret M. ForanDirectorSell10.7K$15.70$168K
2026-05-04
Margaret M. ForanDirectorSell10.0K$14.62$146K
2026-05-01
filed 2026-05-04
Margaret M. ForanDirectorSell20.0K$14.62$292K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.4M
settled 2026-09-30
Change vs prior
-9.6%
vs previous settlement
Days to cover
4.12
at avg daily volume
Avg daily volume
594.0K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-302.4M-9.6%4.12
2026-09-152.7M+3.0%8.01
2026-08-312.6M+8.4%7.07
2026-08-142.4M+11.8%4.73
2026-07-312.2M+2.5%2.48
2026-07-152.1M+12.3%5.76
2026-06-301.9M+18.5%2.83
2026-06-151.6M+7.4%5.16

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$852.3M$796.4M$711.8M$748.3M$601.4M
Gross profit
Operating income$14.6M$11.5M$-6.6M$-8.0M$-9.3M
Net income$2.5M$-1.6M$-17.9M$-12.6M$-14.6M
Diluted EPS$0.06$-0.05$-0.55$-0.40$-0.47

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$28.1M$12.7M$17.2M$9.6M$69,000
Capital expenditure$38.9M$14.1M$8.9M$14.6M$17.0M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$216.3M14.7%$4.7M$0.12
Q4 FY20257.5%
Q3 FY2025$225.1M-0.7%$3.3M$0.08
Q2 FY2025$205.3M6.8%$841,000$0.02
Q1 FY2025$188.7M17.4%$-1.4M$-0.04
Q4 FY20247.6%
Q3 FY2024$226.7M34.5%$4.3M$0.12
Q2 FY2024$192.2M5.3%$-6.6M$-0.20

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryHeavy Construction Other Than Bldg Const - Contractors
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ1 FY2026 (ended March 31, 2026)
Oldest indexed filing2007
SEC CIK1402829

Selected SEC filings

10-K2026-03-04
View on EDGAR →
10-Q2026-07-29
View on EDGAR →
10-Q2026-04-29
View on EDGAR →
8-K2026-10-15
View on EDGAR →
8-K2026-09-21
View on EDGAR →
8-K/A2026-08-04
View on EDGAR →
8-K2026-07-29
View on EDGAR →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.