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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% | -251.3% |
| 2024 | $796M | $45M | $-2M | $-1M | -1.1% | 11.9% | -90.8% |
| 2023 | $712M | $25M | $-18M | $8M | -14.7% | -4.9% | 41.7% |
| 2022 | $748M | $21M | $-13M | $-5M | -9.2% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 748.32 | 711.78 | 796.39 | 852.26 |
| Operating 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 |
| Selling General And Administration | - | 62.50 | 69.43 | 82.54 | 93.47 |
| Total Expenses | - | 761.32 | 719.97 | 787.77 | 840.12 |
| Operating Income | - | -13 | -8.20 | 8.62 | 12.14 |
| Total Operating Income As Reported | - | -8.03 | -6.63 | 11.52 | 14.61 |
| EBITDA | - | 21.14 | 24.76 | 44.81 | 42.29 |
| Normalized EBITDA | - | 16.17 | 23.19 | 41.91 | 43.60 |
| EBIT | - | -7.73 | -5.89 | 12.08 | 11.77 |
| Interest Income | 0.14 | 0.10 | 0.10 | 0.21 | - |
| Interest Expense | - | 4.46 | 11.66 | 13.38 | 8.86 |
| Net Interest Income | - | -4.35 | -11.66 | -13.38 | -8.86 |
| Other Non Operating Income Expenses | - | 0.20 | 0.74 | 0.56 | 0.94 |
| Other Income Expense | - | 5.17 | 2.31 | 3.46 | -0.37 |
| Interest Income Non Operating | 0.14 | 0.10 | 0.10 | 0.21 | - |
| Interest Expense Non Operating | - | 4.46 | 11.66 | 13.38 | 8.86 |
| Net Non Operating Interest Income Expense | - | -4.35 | -11.66 | -13.38 | -8.86 |
| Pretax Income | - | -12.18 | -17.55 | -1.30 | 2.91 |
| Tax Provision | - | 0.43 | 0.33 | 0.35 | 0.42 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 1.04 | 0.33 | 0.61 | -0.18 |
| Net Income Continuous Operations | - | -12.61 | -17.88 | -1.64 | 2.49 |
| Net Income From Continuing And Discontinued Operation | - | -12.61 | -17.88 | -1.64 | 2.49 |
| Net Income From Continuing Operation Net Minority Interest | - | -12.61 | -17.88 | -1.64 | 2.49 |
| Net Income | - | -12.61 | -17.88 | -1.64 | 2.49 |
| Net Income Common Stockholders | - | -12.61 | -17.88 | -1.64 | 2.49 |
| Net Income Including Noncontrolling Interests | - | -12.61 | -17.88 | -1.64 | 2.49 |
| Normalized Income | - | -16.54 | -19.11 | -3.93 | 3.61 |
| Diluted NI Availto Com Stockholders | - | -12.61 | -17.88 | -1.64 | 2.49 |
| Basic Average Shares | - | 31.40 | 32.35 | 34.78 | 39.63 |
| Diluted Average Shares | - | 31.40 | 32.35 | 34.78 | 39.64 |
| Reconciled Depreciation | - | 28.87 | 30.64 | 32.72 | 30.52 |
| Reconciled Cost Of Revenue | - | 669.95 | 619.90 | 672.51 | 716.12 |
| Total Unusual Items | - | 4.97 | 1.56 | 2.90 | -1.31 |
| Total Unusual Items Excluding Goodwill | - | 4.97 | 1.56 | 2.90 | -1.31 |
| Special Income Charges | - | 4.97 | 1.56 | 2.90 | -1.31 |
| Other Special Charges | - | - | - | - | 3.78 |
| Impairment Of Capital Assets | - | 0 | 6.89 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 1.24 | 0.43 | 0 | 0 |
| Depreciation And Amortization In Income Statement | - | 1.24 | 0.43 | 0 | 0 |
| Gain On Sale Of Ppe | - | 4.97 | 8.46 | 2.90 | 2.47 |
| Amortization | - | 1.24 | 0.43 | 0 | 0 |
| Amortization Of Intangibles Income Statement | - | 1.24 | 0.43 | 0 | 0 |
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 | $574M | 230.87↑ premium | 3.61 | 1.6% | 15.08 |
| Sturm, Ruger & Company, Inc. | RGR | $628M | - | 2.21 | -1.5% | 33.97 |
| Richtech Robotics Inc. | RR | $610M | -38.75 | 2.26 | -5.8% | -31.05 |
| Cass Information Systems, Inc. | CASS | $606M | 17.25 | 2.49 | 14.5% | - |
| Mistras Group, Inc. | MG |
| - |
| - |
| - |
| - |
| - |
| - |
| $588M |
| 34.92 |
| 2.50 |
| 7.2% |
| 11.35 |
| Bowman Consulting Group Ltd. | BWMN | $573M | 46.84 | 2.19 | 4.7% | 17.30 |
| Titan Machinery Inc. | TITN | $562M | -10.38 | 0.97 | -9.4% | 38.60 |
| Insteel Industries Inc. | IIIN | $559M | 13.63 | 1.51 | 11.0% | 7.26 |
| Enviri Corporation | NVRI | $554M | -2.43 | -0.91 | 37.5% | 62.25 |
| Peer Median | - | 13.63 | 2.20 | 5.9% | 17.30 | |