📊 ORN Key Takeaways
Is Orion Group Holdings Inc (ORN) a Good Investment?
Orion Group faces fundamental operational distress: negative operating income despite positive net income signals non-recurring items masking deteriorating core business. Negative free cash flow of -$3.6M and interest coverage of -0.2x reveal the company cannot service its $66.3M debt from operations, creating significant solvency risk.
Revenue is growing and leverage is minimal, but profitability remains razor-thin (1.7% operating margin, 0.3% net) and free cash flow is negative due to elevated capex. Liquidity is adequate by ratios, yet absolute cash is very low, leaving performance sensitive to working-capital swings. Sustained margin expansion and consistent FCF conversion are needed before a more constructive view.
Orion Group Holdings Inc Key Strengths (ORN)
- 7% revenue growth demonstrates market traction in heavy construction segment
- Debt-to-equity ratio of 0.40x shows moderate leverage, not excessive indebtedness
- Current ratio of 1.41x indicates adequate near-term liquidity to meet obligations
- Low leverage (0.04x D/E) with 4.3x interest coverage
- Top-line growth of 7% YoY with positive operating income
- Adequate near-term liquidity (current ratio 1.36x; quick 1.35x)
ORN Stock Risks: Orion Group Holdings Inc Investment Risks
- Operating income negative (-$795K) while net income positive signals dependence on non-operating gains; core business is unprofitable
- Interest coverage ratio of -0.2x indicates company cannot cover debt service from operating cash flow
- Negative free cash flow (-$3.6M) is unsustainable; company burning capital despite revenue growth
- Extremely poor capital efficiency: ROE 2.8% and ROA 1.0% indicate wealth destruction for shareholders
- Gross margin of only 12% suggests razor-thin project profitability typical of distressed contractors
- Razor-thin margins (1.7% operating; 0.3% net) heighten execution risk
- Negative free cash flow (-$10.8M; -1.3% margin) amid heavy capex
- Very low cash balance ($1.59M) and working-capital volatility risk in project-based business
Key Metrics to Watch
- Operating cash flow trend and sustainability of positive OCF
- Free cash flow trajectory—path to positive FCF is critical for survival
- Interest coverage ratio—must turn positive to reduce solvency concerns
- Gross margin expansion—need evidence of project profitability improvement
- Cash balance relative to debt maturity schedule—liquidity runway with $6.3M cash
- Operating margin
- Free cash flow (FCF margin)
Orion Group Holdings Inc (ORN) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Orion Group Holdings Inc presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
ORN Profit Margin, ROE & Profitability Analysis
ORN vs Industrial Sector: How Orion Group Holdings Inc Compares
How Orion Group Holdings Inc compares to Industrial sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Orion Group Holdings Inc Stock Overvalued? ORN Valuation Analysis 2026
Based on fundamental analysis, Orion Group Holdings Inc has mixed fundamental signals relative to the Industrial sector in 2026.
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 Group Holdings Inc Balance Sheet: ORN Debt, Cash & Liquidity
ORN Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Orion Group Holdings Inc's revenue has grown significantly by 20% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.55 indicates the company is currently unprofitable.
ORN Revenue Growth, EPS Growth & YoY Performance
ORN Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $188.7M | -$1.4M | $-0.04 |
| Q3 2025 | $225.1M | $841.0K | $0.07 |
| Q2 2025 | $192.2M | -$573.0K | $-0.01 |
| Q1 2025 | $160.7M | -$1.4M | $-0.04 |
| Q3 2024 | $168.5M | -$255.0K | $-0.02 |
| Q2 2024 | $182.5M | -$255.0K | $-0.01 |
| Q1 2024 | $159.2M | -$6.1M | $-0.19 |
| Q3 2023 | $168.5M | $247.0K | $0.01 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Orion Group Holdings Inc Dividends, Buybacks & Capital Allocation
ORN SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Orion Group Holdings Inc (CIK: 0001402829)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| May 20, 2026 | 4 | xslF345X06/form4-05202026_090547.xml | View → |
| May 20, 2026 | 4 | xslF345X06/form4-05202026_090557.xml | View → |
| May 20, 2026 | 4 | xslF345X06/form4-05202026_090503.xml | View → |
| May 20, 2026 | 4 | xslF345X06/form4-05202026_090511.xml | View → |
| May 20, 2026 | 4 | xslF345X06/form4-05202026_090507.xml | View → |
❓ Frequently Asked Questions about ORN
What is the AI rating for ORN?
Orion Group Holdings Inc (ORN) has a Combined AI Grade of C from Claude (C) and ChatGPT (B) with 74% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are ORN's key strengths?
Claude: 7% revenue growth demonstrates market traction in heavy construction segment. Debt-to-equity ratio of 0.40x shows moderate leverage, not excessive indebtedness. ChatGPT: Low leverage (0.04x D/E) with 4.3x interest coverage. Top-line growth of 7% YoY with positive operating income.
What are the risks of investing in ORN?
Claude: Operating income negative (-$795K) while net income positive signals dependence on non-operating gains; core business is unprofitable. Interest coverage ratio of -0.2x indicates company cannot cover debt service from operating cash flow. ChatGPT: Razor-thin margins (1.7% operating; 0.3% net) heighten execution risk. Negative free cash flow (-$10.8M; -1.3% margin) amid heavy capex.
What is ORN's revenue and growth?
Orion Group Holdings Inc reported revenue of $216.3M.
Does ORN pay dividends?
Orion Group Holdings Inc does not currently pay dividends.
Where can I find ORN SEC filings?
Official SEC filings for Orion Group Holdings Inc (CIK: 0001402829) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is ORN's EPS?
Orion Group Holdings Inc has a diluted EPS of $0.12.
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 grade reflects both perspectives for balanced insights.
What is ORN's fundamental grade?
Based on our AI fundamental analysis in May 2026, Orion Group Holdings Inc has a C grade with 74% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is ORN stock overvalued or undervalued?
Valuation metrics for ORN: ROE of 2.8% (sector avg: 15%), net margin of 2.2% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
What is ORN's AI grade for 2026?
Our dual AI analysis gives Orion Group Holdings Inc a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is ORN's free cash flow?
Orion Group Holdings Inc's operating cash flow is $4.9M, with capital expenditures of $8.6M. FCF margin is -1.7%.
How does ORN compare to other Industrial stocks?
Vs Industrial sector averages: Net margin 2.2% (avg: 10%), ROE 2.8% (avg: 15%), current ratio 1.41 (avg: 1.8).