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Orion Group Holdings, Inc. operates as a specialty construction company for the infrastructure, industrial, and building sectors in the United States, Canada, and the Caribbean Basin. It operates through two segments, Marine and Concrete. The company engages in the building, rehabilitation, and maintenance of a range of marine transportation facilities, including terminals, cruise ship berths, private terminals, U.S. Navy facilities, marinas, and other port facilities; installation of foundations, mooring structures, and related components; provision of ongoing inspection, maintenance, and emergency repair services, as well as logistics services for directional drilling; installation and removal of underwater pipelines and transmission infrastructure, such as industrial intakes and outfalls, river crossing, and tie-ins; construction, repair, and maintenance of overwater bridges, causeways, and fendering systems; and construction of various environmental protection structures, including levees, erosion control systems, concrete mats, wetlands restoration features, and geotube installations for island and shoreline creation. It also provides maintenance and capital dredging services for ports, waterways, and channels. In addition, the company offers specialty services, such as design, salvage, demolition, surveying, towing, commercial diving, underwater inspection, excavation, and repair services. Further, it provides concrete construction services, including concrete placement and finishing, site preparation, layout, forming, and rebar placement services for data centers; industrial, warehouse, and distribution facilities; commercial, multi-family, institutional, and mixed-use structures; and retail, hospital, and recreational facilities. The company was formerly known as Orion Marine Group, Inc. and changed its name to Orion Group Holdings, Inc. in May 2016. Orion Group Holdings, Inc. was founded in 1994 and is headquartered in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $852M | $42M | $2M | $-11M | 1.6% | 7.0% | - |
| 2024 | $796M | $45M | $-2M | $-1M | -1.1% | 11.9% | - |
| 2023 | $712M | $25M | $-18M | $8M | -14.7% | -4.9% | - |
| 2022 | $748M | $21M | $-13M | $-5M | -9.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 748.32 | 711.78 | 796.39 | 852.26 |
| Cost Of Revenue | 697.58 | 650.12 | 705.23 | 746.65 |
| Gross Profit | 50.74 | 61.66 | 91.16 | 105.61 |
| Operating Expense | 63.74 | 69.86 | 82.54 | 93.47 |
| Operating Income | -13 | -8.20 | 8.62 | 12.14 |
| EBITDA | 21.14 | 24.75 | 44.81 | 42.29 |
| EBIT | -7.73 | -5.89 | 12.09 | 11.77 |
| Pretax Income | -12.18 | -17.55 | -1.30 | 2.91 |
| Tax Provision | 0.43 | 0.33 | 0.35 | 0.42 |
| Net Income | -12.61 | -17.88 | -1.64 | 2.49 |
| Net Income Common Stockholders | -12.61 | -17.88 | -1.64 | 2.49 |
| Total Expenses | 761.32 | 719.97 | 787.77 | 840.12 |
| Interest Expense | 4.46 | 11.66 | 13.38 | 8.86 |
| Interest Income | 0.10 | 0.10 | 0.21 | 0 |
| Selling General And Administration | 62.50 | 69.43 | 82.54 | 93.47 |
| Normalized EBITDA | 16.17 | 23.19 | 41.91 | 43.60 |
| Normalized Income | -16.54 | -19.11 | -3.93 | 3.61 |
| Basic EPS | -0.40 | -0.55 | -0.05 | 0.06 |
| Diluted EPS | -0.40 | -0.55 | -0.05 | 0.06 |
| Tax Effect Of Unusual Items | 1.04 | 0.33 | 0.61 | -0.18 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.14 |
| Total Unusual Items | 4.97 | 1.56 | 2.90 | -1.31 |
| Total Unusual Items Excluding Goodwill | 4.97 | 1.56 | 2.90 | -1.31 |
| Net Income From Continuing Operation Net Minority Interest | -12.61 | -17.88 | -1.64 | 2.49 |
| Reconciled Depreciation | 28.87 | 30.64 | 32.73 | 30.52 |
| Reconciled Cost Of Revenue | 669.95 | 619.90 | 672.51 | 716.12 |
| Net Interest Income | -4.35 | -11.66 | -13.38 | -8.86 |
| Net Income From Continuing And Discontinued Operation | -12.61 | -17.88 | -1.64 | 2.49 |
| Total Operating Income As Reported | -8.03 | -6.63 | 11.52 | 14.61 |
| Diluted Average Shares | 31.40 | 32.35 | 34.78 | 39.64 |
| Basic Average Shares | 31.40 | 32.35 | 34.78 | 39.63 |
| Diluted NI Availto Com Stockholders | -12.61 | -17.88 | -1.64 | 2.49 |
| Net Income Including Noncontrolling Interests | -12.61 | -17.88 | -1.64 | 2.49 |
| Net Income Continuous Operations | -12.61 | -17.88 | -1.64 | 2.49 |
| Other Income Expense | 5.17 | 2.31 | 3.46 | -0.37 |
| Other Non Operating Income Expenses | 0.20 | 0.74 | 0.56 | 0.94 |
| Special Income Charges | 4.97 | 1.56 | 2.90 | -1.31 |
| Gain On Sale Of Ppe | 4.97 | 8.46 | 2.90 | 2.47 |
| Other Special Charges | 0 | 0 | 0 | 3.78 |
| Impairment Of Capital Assets | 0 | 6.89 | 0 | 0 |
| Net Non Operating Interest Income Expense | -4.35 | -11.66 | -13.38 | -8.86 |
| Interest Expense Non Operating | 4.46 | 11.66 | 13.38 | 8.86 |
| Interest Income Non Operating | 0.10 | 0.10 | 0.21 | 0 |
| Depreciation Amortization Depletion Income Statement | 1.24 | 0.43 | 0 | 0 |
| Depreciation And Amortization In Income Statement | 1.24 | 0.43 | 0 | 0 |
| Amortization | 1.24 | 0.43 | 0 | 0 |
| Amortization Of Intangibles Income Statement | 1.24 | 0.43 | 0 | 0 |
| Operating Revenue | 748.32 | 711.78 | 796.39 | 852.26 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Orion Group Holdings, Inc.this co. | ORN | $483M | 54.59↑ premium | 3.01 | 1.6% | 15.30 |
| Ennis, Inc. | EBF | $521M | 12.41 | 1.69 | 13.3% | 7.03 |
| Titan International, Inc. | TWI | $512M | - | 0.99 | -12.2% | 11.47 |
| Pangaea Logistics Solutions Ltd. | PANL | $496M | 25.33 | 1.15 | 4.1% | 10.08 |
| Cryoport, Inc. | CYRX | $492M |
| - |
| 1.06 |
| 15.6% |
| -89.47 |
| Insteel Industries Inc. | IIIN | $490M | 11.96 | 1.32 | 11.0% | 6.31 |
| Acacia Research Corporation | ACTG | $479M | 22.55 | 0.88 | 3.7% | 5.12 |
| Titan Machinery Inc. | TITN | $474M | - | 0.80 | -9.4% | 36.31 |
| The Manitowoc Company, Inc. | MTW | $467M | 65.05 | 0.66 | 1.0% | 7.65 |
| Peer Median | - | 22.55 | 1.03 | 3.9% | 7.34 | |