(ORN) Orion Holdings - Overview
Sector: Industrials | Industry: Engineering & Construction | Exchange: NYSE (USA) | Market Cap: 555m USD | Total Return: 67.7% in 12m
Avg Turnover: 6.16M
Qual. Beats: 0
Rev. Trend: 95.8%
Qual. Beats: 1
Warnings
High Debt while negative Cash Flow
Interest Coverage Ratio 0.6 is critical
Beneish M-Score -0.84 > -1.5 - likely earnings manipulation
Altman Z'' 0.65 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
Orion Group Holdings, Inc. (ORN) is a specialty construction firm focused on infrastructure projects across the Marine and Concrete segments in the United States, Canada, and the Caribbean. The Marine segment provides specialized services including port construction, dredging, and underwater pipeline installation, while the Concrete segment manages site preparation and structural placement for commercial and industrial facilities.
The company operates in the heavy civil construction sector, which is characterized by high capital intensity and reliance on federal infrastructure spending and private industrial expansion. Orions business model leverages specialized equipment and technical expertise to execute complex projects such as cruise ship berths and data center foundations.
Investors can evaluate the company’s recent project backlog and valuation metrics on ValueRay.
Headquartered in Houston, Texas, the firm serves diverse sectors including transportation, energy, and telecommunications. Its service portfolio includes both capital-intensive new construction and recurring maintenance or emergency repair contracts.
- Infrastructure bill spending accelerates marine and bridge construction contract awards
- Data center expansion drives demand for specialty concrete placement services
- Fluctuating fuel and raw material costs impact project-level profit margins
- Backlog execution efficiency determines quarterly earnings performance and cash flow
- Coastal restoration and dredging projects depend on federal environmental budget allocations
| Net Income: 8.59m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA -3.00 > 1.0 |
| NWC/Revenue: 8.66% < 20% (prev 8.90%; Δ -0.24% < -1%) |
| CFO/TA 0.08 > 3% & CFO 36.4m > Net Income 8.59m |
| Net Debt (135.3m) to EBITDA (38.0m): 3.56 < 3 |
| Current Ratio: 1.41 > 1.5 & < 3 |
| Outstanding Shares: last quarter (40.1m) vs 12m ago 2.76% < -2% |
| Gross Margin: 12.33% > 18% (prev 0.12%; Δ 1.22k% > 0.5%) |
| Asset Turnover: 196.6% > 50% (prev 198.0%; Δ -1.40% > 0%) |
| Interest Coverage Ratio: 0.64 > 6 (EBITDA TTM 38.0m / Interest Expense TTM 18.6m) |
| A: 0.16 (Total Current Assets 261.4m - Total Current Liabilities 185.2m) / Total Assets 478.7m |
| B: -0.12 (Retained Earnings -56.5m / Total Assets 478.7m) |
| C: 0.03 (EBIT TTM 11.9m / Avg Total Assets 447.5m) |
| D: -0.18 (Book Value of Equity -56.1m / Total Liabilities 312.1m) |
| Altman-Z'' = 0.65 = B |
| DSRI: 0.75 (Receivables 194.6m/244.1m, Revenue 879.9m/824.4m) |
| GMI: 0.97 (GM 12.33% / 11.97%) |
| AQI: 5.10 (AQ_t 0.11 / AQ_t-1 0.02) |
| SGI: 1.07 (Revenue 879.9m / 824.4m) |
| TATA: -0.06 (NI 8.59m - CFO 36.4m) / TA 478.7m) |
| Beneish M = -0.84 (Cap -4..+1) = D |
As of May 25, 2026, the stock is trading at USD 14.05 with a total of 303,554 shares traded.
Over the past week, the price has changed by -6.58%,
over one month by +14.51%,
over three months by +1.81% and
over the past year by +67.66%.
Orion Holdings has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy ORN.
- StrongBuy: 3
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 17.5 | 24.6% |
P/E Trailing = 65.3333
P/E Forward = 35.461
P/S = 0.6312
P/B = 3.5338
P/EG = 0.6186
Revenue TTM = 879.9m USD
EBIT TTM = 11.9m USD
EBITDA TTM = 38.0m USD
Long Term Debt = 66.3m USD (from longTermDebt, last quarter)
Short Term Debt = 16.5m USD (from shortTermDebt, last quarter)
Debt = 141.5m USD (corrected: LT Debt 66.3m + ST Debt 16.5m) + Leases 58.6m
Net Debt = 135.3m USD (calculated: Debt 141.5m - CCE 6.25m)
Enterprise Value = 690.7m USD (555.4m + Debt 141.5m - CCE 6.25m)
Interest Coverage Ratio = 0.64 (Ebit TTM 11.9m / Interest Expense TTM 18.6m)
EV/FCF = -350.6x (Enterprise Value 690.7m / FCF TTM -1.97m)
FCF Yield = -0.29% (FCF TTM -1.97m / Enterprise Value 690.7m)
FCF Margin = -0.22% (FCF TTM -1.97m / Revenue TTM 879.9m)
Net Margin = 0.98% (Net Income TTM 8.59m / Revenue TTM 879.9m)
Gross Margin = 12.33% ((Revenue TTM 879.9m - Cost of Revenue TTM 771.4m) / Revenue TTM)
Gross Margin QoQ = 11.96% (prev 11.60%)
Tobins Q-Ratio = 1.44 (Enterprise Value 690.7m / Total Assets 478.7m)
Interest Expense / Debt = 13.12% (Interest Expense 18.6m / Debt 141.5m)
Taxrate = 14.41% (419k / 2.91m)
NOPAT = 10.2m (EBIT 11.9m * (1 - 14.41%))
Current Ratio = 1.41 (Total Current Assets 261.4m / Total Current Liabilities 185.2m)
Debt / Equity = 0.85 (Debt 141.5m / totalStockholderEquity, last quarter 166.7m)
Debt / EBITDA = 3.56 (Net Debt 135.3m / EBITDA 38.0m)
Debt / FCF = -68.67 (negative FCF - burning cash) (Net Debt 135.3m / FCF TTM -1.97m)
Total Stockholder Equity = 159.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.92% (Net Income 8.59m / Total Assets 478.7m)
RoE = 3.98% (Net Income TTM 8.59m / Total Stockholder Equity 215.7m)
RoCE = 4.23% (EBIT 11.9m / Capital Employed (Equity 215.7m + L.T.Debt 66.3m))
RoIC = 3.36% (NOPAT 10.2m / Invested Capital 303.8m)
WACC = 12.53% (E(555.4m)/V(696.9m) * Re(12.86%) + D(141.5m)/V(696.9m) * Rd(13.12%) * (1-Tc(0.14)))
Discount Rate = 12.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 9.79%
[DCF] Fair Price = unknown (Cash Flow -1.97m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.62 | # QB: 0
Revenue Correlation: 95.75 | Revenue CAGR: 9.10% | SUE: 0.85 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.06 | Chg30d=-22.06% | Revisions=-14% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.14 | Chg30d=-9.48% | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=0.40 | Chg30d=+6.79% | Revisions=+50% | GrowthEPS=+59.1% | GrowthRev=+10.1%
EPS next Year (2027-12-31): EPS=0.70 | Chg30d=+18.78% | Revisions=+50% | GrowthEPS=+76.6% | GrowthRev=+9.8%
[Analyst] Revisions Ratio: +50%