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Orion Properties Inc. (ONL) Stock Fundamental Analysis & AI Rating 2026

ONL NYSE Real Estate Investment Trusts MD CIK: 0001873923
Recently Updated • Analysis: Apr 13, 2026 • SEC Data: 2025-12-31
STRONG SELL
88% Conf
Pending
Analysis scheduled

📊 ONL Key Takeaways

Revenue: $147.6M
Net Margin: -94.4%
Free Cash Flow: $23.6M
Current Ratio: N/A
Debt/Equity: 0.75x
EPS: $-2.48
AI Rating: STRONG SELL with 88% confidence
Orion Properties Inc. (ONL) receives a STRONG SELL rating with 88% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $147.6M, net profit margin of -94.4%, and return on equity (ROE) of -22.4%, Orion Properties Inc. demonstrates mixed fundamentals in the Real Estate sector. Below is our complete ONL stock analysis for 2026.

Is Orion Properties Inc. (ONL) a Good Investment?

Claude

Orion Properties exhibits severe operational distress with a -94.2% operating margin and -10.4% YoY revenue decline, indicating fundamental business failure. Despite positive free cash flow, the company is destroying shareholder value (ROE: -22.4%, ROA: -11.9%) with insufficient cash reserves ($22.4M) to sustain operations or service $465M in debt.

Why Buy Orion Properties Inc. Stock? ONL Key Strengths

Claude
  • + Positive operating cash flow of $23.6M and free cash flow despite net losses
  • + Moderate debt-to-equity ratio of 0.75x provides some leverage capacity
  • + Asset base of $1.2B retains potential liquidation value

ONL Stock Risks: Orion Properties Inc. Investment Risks

Claude
  • ! Operating losses of -$139M on $147.6M revenue indicates non-viable business model
  • ! Declining revenue (-10.4% YoY) and worsening diluted EPS (-34.8% YoY) show deteriorating trends
  • ! Critically low cash position ($22.4M) relative to debt obligations and company size creates solvency risk
  • ! Severe shareholder value destruction with negative ROE and ROA
  • ! 25 Form 4 insider filings in 90 days suggest potential distressed activity or restructuring

Key Metrics to Watch

Claude
  • * Operating cash flow sustainability and reconciliation with net losses
  • * Cash balance depletion rate and debt covenant compliance
  • * Revenue stabilization/return to positive growth
  • * Form 4 trading patterns indicating insider confidence or exits

Orion Properties Inc. (ONL) Financial Metrics & Key Ratios

Revenue
$147.6M
Net Income
$-139.3M
EPS (Diluted)
$-2.48
Free Cash Flow
$23.6M
Total Assets
$1.2B
Cash Position
$22.4M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

ONL Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -94.2%
Net Margin -94.4%
ROE -22.4%
ROA -11.9%
FCF Margin 16.0%

ONL vs Real Estate Sector: How Orion Properties Inc. Compares

How Orion Properties Inc. compares to Real Estate sector averages

Net Margin
ONL -94.4%
vs
Sector Avg 20.0%
ONL Sector
ROE
ONL -22.4%
vs
Sector Avg 8.0%
ONL Sector
Current Ratio
ONL 0.0x
vs
Sector Avg 1.5x
ONL Sector
Debt/Equity
ONL 0.7x
vs
Sector Avg 1.5x
ONL Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Orion Properties Inc. Stock Overvalued? ONL Valuation Analysis 2026

Based on fundamental analysis, Orion Properties Inc. has mixed fundamental signals relative to the Real Estate sector in 2026.

Return on Equity
-22.4%
Sector avg: 8%
Net Profit Margin
-94.4%
Sector avg: 20%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.75x
Sector avg: 1.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Orion Properties Inc. Balance Sheet: ONL Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
0.75x
Debt/Assets
46.6%
Interest Coverage
N/A
Long-term Debt
$465.0M

ONL Revenue & Earnings Growth: 5-Year Financial Trend

ONL 5-year financial data: Year 2021: Revenue $79.7M, Net Income $15.3M, EPS $0.27. Year 2022: Revenue $208.1M, Net Income -$1.9M, EPS $-0.03. Year 2023: Revenue $208.1M, Net Income -$47.5M, EPS $-0.84. Year 2024: Revenue $208.1M, Net Income -$97.5M, EPS $-1.72. Year 2025: Revenue $195.0M, Net Income -$57.3M, EPS $-1.02.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Orion Properties Inc.'s revenue has grown significantly by 145% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.02 indicates the company is currently unprofitable.

ONL Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
16.0%
Free cash flow / Revenue

ONL Quarterly Earnings & Performance

Quarterly financial performance data for Orion Properties Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $37.1M -$10.2M $-0.18
Q2 2025 $37.3M -$25.1M $-0.45
Q1 2025 $38.0M -$9.4M $-0.17
Q3 2024 $39.2M -$10.2M $-0.18
Q2 2024 $40.1M -$15.7M $-0.28
Q1 2024 $47.2M -$8.9M $-0.16
Q3 2023 $49.1M -$16.5M $-0.29
Q2 2023 $52.0M -$15.6M $-0.27

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Orion Properties Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$23.6M
Cash generated from operations
Dividends Paid
$9.0M
Returned to shareholders

ONL SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Orion Properties Inc. (CIK: 0001873923)

📋 Recent SEC Filings

Date Form Document Action
Mar 20, 2026 DEF 14A definitiveproxystatement20.htm View →
Mar 16, 2026 4 xslF345X05/wk-form4_1773695887.xml View →
Mar 16, 2026 4 xslF345X05/wk-form4_1773695752.xml View →
Mar 16, 2026 4 xslF345X05/wk-form4_1773694709.xml View →
Mar 16, 2026 4 xslF345X05/wk-form4_1773694404.xml View →

Frequently Asked Questions about ONL

What is the AI rating for ONL?

Orion Properties Inc. (ONL) has an AI rating of STRONG SELL with 88% confidence, based on fundamental analysis of SEC EDGAR filings.

What are ONL's key strengths?

Claude: Positive operating cash flow of $23.6M and free cash flow despite net losses. Moderate debt-to-equity ratio of 0.75x provides some leverage capacity.

What are the risks of investing in ONL?

Claude: Operating losses of -$139M on $147.6M revenue indicates non-viable business model. Declining revenue (-10.4% YoY) and worsening diluted EPS (-34.8% YoY) show deteriorating trends.

What is ONL's revenue and growth?

Orion Properties Inc. reported revenue of $147.6M.

Does ONL pay dividends?

Orion Properties Inc. pays dividends, with $9.0M distributed to shareholders in the trailing twelve months.

Where can I find ONL SEC filings?

Official SEC filings for Orion Properties Inc. (CIK: 0001873923) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is ONL's EPS?

Orion Properties Inc. has a diluted EPS of $-2.48.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is ONL a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Orion Properties Inc. has a STRONG SELL rating with 88% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is ONL stock overvalued or undervalued?

Valuation metrics for ONL: ROE of -22.4% (sector avg: 8%), net margin of -94.4% (sector avg: 20%). Compare these metrics with sector averages to assess valuation.

Should I buy ONL stock in 2026?

Our dual AI analysis gives Orion Properties Inc. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is ONL's free cash flow?

Orion Properties Inc.'s operating cash flow is $23.6M, with capital expenditures of N/A. FCF margin is 16.0%.

How does ONL compare to other Real Estate stocks?

Vs Real Estate sector averages: Net margin -94.4% (avg: 20%), ROE -22.4% (avg: 8%), current ratio N/A (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 13, 2026 | Data as of: 2025-12-31 | Powered by Claude AI