(ORN) Orion Holdings - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US68628V3087

Marine Construction, Marine Repair, Pipeline Installation, Concrete Pouring

ORN EPS (Earnings per Share)

EPS (Earnings per Share) of ORN over the last years for every Quarter: "2020-09": 0.23, "2020-12": 0.12, "2021-03": 0.04, "2021-06": 0.05, "2021-09": -0.27, "2021-12": -0.17, "2022-03": -0.1, "2022-06": -0.03, "2022-09": 0.02, "2022-12": -0.12, "2023-03": -0.32, "2023-06": -0.14, "2023-09": 0.02, "2023-12": 0.08, "2024-03": -0.12, "2024-06": -0.16, "2024-09": 0.16, "2024-12": 0.16, "2025-03": 0.01, "2025-06": 0.07, "2025-09": 0.09,

ORN Revenue

Revenue of ORN over the last years for every Quarter: 2020-09: 189.433, 2020-12: 170.176, 2021-03: 153.309, 2021-06: 145.875, 2021-09: 139.907, 2021-12: 162.269, 2022-03: 174.931, 2022-06: 194.575, 2022-09: 182.621, 2022-12: 196.195, 2023-03: 159.174, 2023-06: 182.534, 2023-09: 168.476, 2023-12: 201.594, 2024-03: 160.672, 2024-06: 192.167, 2024-09: 226.675, 2024-12: 216.88, 2025-03: 188.653, 2025-06: 205.286, 2025-09: 225.098,
Risk via 10d forecast
Volatility 69.8%
Value at Risk 5%th 106%
Relative Tail Risk -7.85%
Reward TTM
Sharpe Ratio 0.54
Alpha -2.28
Character TTM
Hurst Exponent 0.426
Beta 1.332
Beta Downside 0.897
Drawdowns 3y
Max DD 57.62%
Mean DD 21.62%
Median DD 19.69%

Description: ORN Orion Holdings October 26, 2025

Orion Group Holdings, Inc. (NYSE: ORN) is a specialty construction firm focused on marine and concrete work across the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. The business is split into a Marine segment-delivering dredging, port-facility build-outs, underwater pipeline installation, bridge and causeway construction, and related inspection, repair, and salvage services-and a Concrete segment that provides elevated concrete pours for structural elements and light-commercial concrete work such as slabs and sidewalks.

According to the company’s FY 2023 filing, Orion generated roughly **$1.2 billion of revenue** with an operating margin near **6-7 %**, and it reported a **backlog of about $1.5 billion**, indicating a pipeline of projects extending roughly 12-18 months. Two macro-drivers are particularly material: (1) the U.S. Infrastructure Investment and Jobs Act, which earmarks **over $1 trillion** for ports, waterways, and related infrastructure, and (2) a **steady rise in global shipping volumes** (≈ 3 % YoY) that fuels demand for port expansions and dredging. Both factors suggest a favorable secular tailwind for Orion’s marine construction franchise, though the company remains exposed to cyclical funding delays and commodity price volatility that could compress margins.

If you want a data-rich, independent view of Orion’s valuation and risk profile, a quick look at ValueRay’s analyst toolkit can help you surface the most relevant metrics and scenario analyses. 

ORN Stock Overview

Market Cap in USD 432m
Sub-Industry Construction & Engineering
IPO / Inception 2007-12-20
Return 12m vs S&P 500 2.07%
Analyst Rating 5.0 of 5

ORN Dividends

Currently no dividends paid

ORN Growth Ratios

CAGR 3y 63.03%
CAGR/Max DD Calmar Ratio 1.09
CAGR/Mean DD Pain Ratio 2.92
Current Volume 228.1k
Average Volume 278.9k

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (9.48m TTM) > 0 and > 6% of Revenue (6% = 50.2m TTM)
FCFTA -0.00 (>2.0%) and ΔFCFTA -7.78pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 8.60% (prev 9.24%; Δ -0.64pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.07 (>3.0%) and CFO 27.6m > Net Income 9.48m (YES >=105%, WARN >=100%)
Net Debt (38.0m) to EBITDA (33.4m) ratio: 1.14 <= 3.0 (WARN <= 3.5)
Current Ratio 1.36 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (39.5m) change vs 12m ago 14.56% (target <= -2.0% for YES)
Gross Margin 13.02% (prev 10.73%; Δ 2.29pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 196.1% (prev 181.5%; Δ 14.55pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 1.36 (EBITDA TTM 33.4m / Interest Expense TTM 20.9m) >= 6 (WARN >= 3)

Altman Z'' 1.08

(A) 0.17 = (Total Current Assets 269.7m - Total Current Liabilities 197.8m) / Total Assets 422.4m
(B) -0.15 = Retained Earnings (Balance) -63.7m / Total Assets 422.4m
(C) 0.07 = EBIT TTM 28.5m / Avg Total Assets 426.4m
(D) 0.00 = Book Value of Equity 406.0k / Total Liabilities 264.5m
Total Rating: 1.08 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 63.95

1. Piotroski 4.0pt = -1.0
2. FCF Yield -0.28% = -0.14
3. FCF Margin -0.16% = -0.06
4. Debt/Equity 0.27 = 2.46
5. Debt/Ebitda 1.14 = 1.57
6. ROIC - WACC (= 2.21)% = 2.76
7. RoE 6.19% = 0.52
8. Rev. Trend 60.55% = 4.54
9. EPS Trend 66.16% = 3.31

What is the price of ORN shares?

As of November 18, 2025, the stock is trading at USD 9.49 with a total of 228,100 shares traded.
Over the past week, the price has changed by -7.77%, over one month by +8.33%, over three months by +41.22% and over the past year by +18.03%.

Is Orion Holdings a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Orion Holdings is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 63.95 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ORN is around 10.56 USD . This means that ORN is currently undervalued and has a potential upside of +11.28% (Margin of Safety).

Is ORN a buy, sell or hold?

Orion Holdings has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy ORN.
  • Strong Buy: 3
  • Buy: 0
  • Hold: 0
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the ORN price?

Issuer Target Up/Down from current
Wallstreet Target Price 12.2 28.2%
Analysts Target Price 12.2 28.2%
ValueRay Target Price 12.2 28.3%

ORN Fundamental Data Overview November 05, 2025

Market Cap USD = 431.7m (431.7m USD * 1.0 USD.USD)
P/E Trailing = 40.0741
P/E Forward = 15.456
P/S = 0.5165
P/B = 2.1658
P/EG = 0.6186
Beta = 1.192
Revenue TTM = 835.9m USD
EBIT TTM = 28.5m USD
EBITDA TTM = 33.4m USD
Long Term Debt = 22.8m USD (from longTermDebt, last fiscal year)
Short Term Debt = 15.6m USD (from shortTermDebt, last quarter)
Debt = 42.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 38.0m USD (from netDebt column, last quarter)
Enterprise Value = 469.7m USD (431.7m + Debt 42.9m - CCE 4.92m)
Interest Coverage Ratio = 1.36 (Ebit TTM 28.5m / Interest Expense TTM 20.9m)
FCF Yield = -0.28% (FCF TTM -1.33m / Enterprise Value 469.7m)
FCF Margin = -0.16% (FCF TTM -1.33m / Revenue TTM 835.9m)
Net Margin = 1.13% (Net Income TTM 9.48m / Revenue TTM 835.9m)
Gross Margin = 13.02% ((Revenue TTM 835.9m - Cost of Revenue TTM 727.1m) / Revenue TTM)
Gross Margin QoQ = 13.22% (prev 12.57%)
Tobins Q-Ratio = 1.11 (Enterprise Value 469.7m / Total Assets 422.4m)
Interest Expense / Debt = 29.42% (Interest Expense 12.6m / Debt 42.9m)
Taxrate = 8.79% (318.0k / 3.62m)
NOPAT = 26.0m (EBIT 28.5m * (1 - 8.79%))
Current Ratio = 1.36 (Total Current Assets 269.7m / Total Current Liabilities 197.8m)
Debt / Equity = 0.27 (Debt 42.9m / totalStockholderEquity, last quarter 157.9m)
Debt / EBITDA = 1.14 (Net Debt 38.0m / EBITDA 33.4m)
Debt / FCF = -28.49 (negative FCF - burning cash) (Net Debt 38.0m / FCF TTM -1.33m)
Total Stockholder Equity = 153.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.24% (Net Income 9.48m / Total Assets 422.4m)
RoE = 6.19% (Net Income TTM 9.48m / Total Stockholder Equity 153.1m)
RoCE = 16.18% (EBIT 28.5m / Capital Employed (Equity 153.1m + L.T.Debt 22.8m))
RoIC = 14.57% (NOPAT 26.0m / Invested Capital 178.2m)
WACC = 12.36% (E(431.7m)/V(474.7m) * Re(10.92%) + D(42.9m)/V(474.7m) * Rd(29.42%) * (1-Tc(0.09)))
Discount Rate = 10.92% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 10.26%
Fair Price DCF = unknown (Cash Flow -1.33m)
EPS Correlation: 66.16 | EPS CAGR: 28.45% | SUE: 0.41 | # QB: 0
Revenue Correlation: 60.55 | Revenue CAGR: 5.12% | SUE: -0.01 | # QB: 0

Additional Sources for ORN Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle