(ORN) Orion Holdings - Overview

Sector: Industrials | Industry: Engineering & Construction | Exchange: NYSE (USA) | Market Cap: 603m USD | Total Return: 72.7% in 12m

Marine Construction, Concrete Services, Dredging, Underwater Infrastructure
Total Rating 41
Safety 29
Buy Signal 0.09
Engineering & Construction
Industry Rotation: -7.3
Market Cap: 603M
Avg Turnover: 5.58M
Risk 3d forecast
Volatility66.7%
VaR 5th Pctl11.1%
VaR vs Median0.91%
Reward TTM
Sharpe Ratio1.16
Rel. Str. IBD89.5
Rel. Str. Peer Group68.6
Character TTM
Beta1.901
Beta Downside1.713
Hurst Exponent0.559
Drawdowns 3y
Max DD57.62%
CAGR/Max DD1.38
CAGR/Mean DD3.67
EPS (Earnings per Share) EPS (Earnings per Share) of ORN over the last years for every Quarter: "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, "2025-12": 0.08, "2026-03": 0.05,
EPS CAGR: 6.54%
EPS Trend: 52.3%
Last SUE: 0.62
Qual. Beats: 0
Revenue Revenue of ORN over the last years for every Quarter: 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: 225.097, 2025-12: 233.223, 2026-03: 216.301,
Rev. CAGR: 2.86%
Rev. Trend: 62.2%
Last SUE: 0.85
Qual. Beats: 0

Warnings

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

Tailwinds

No distinct edge detected

Description: ORN Orion Holdings

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.

Headlines to Watch Out For
  • 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
Piotroski VR‑10 (Strict) 3.0
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 (44.1m) to EBITDA (38.0m): 1.16 < 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)
Altman Z'' 0.65
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'' Score: 0.65 = B
Beneish M -0.84
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-Score: -0.84 (Cap -4..+1) = D
What is the price of ORN shares? As of May 17, 2026, the stock is trading at USD 15.04 with a total of 373,149 shares traded.
Over the past week, the price has changed by +0.94%, over one month by +28.33%, over three months by +11.82% and over the past year by +72.68%.
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.
  • StrongBuy: 3
  • Buy: 0
  • Hold: 0
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the ORN price?
Analysts Target Price 16.8 11.4%
Orion Holdings (ORN) - Fundamental Data Overview as of 12 May 2026
P/E Trailing = 67.7273
P/E Forward = 36.3636
P/S = 0.6855
P/B = 3.6188
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 = 82.9m USD (corrected: LT Debt 66.3m + ST Debt 16.5m)
Net Debt = 44.1m USD (from netDebt column, last quarter)
Enterprise Value = 679.8m USD (603.1m + Debt 82.9m - CCE 6.25m)
Interest Coverage Ratio = 0.64 (Ebit TTM 11.9m / Interest Expense TTM 18.6m)
EV/FCF = -345.1x (Enterprise Value 679.8m / FCF TTM -1.97m)
FCF Yield = -0.29% (FCF TTM -1.97m / Enterprise Value 679.8m)
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 = 1.42 (Enterprise Value 679.8m / Total Assets 478.7m)
Interest Expense / Debt = 1.85% (Interest Expense 1.53m / Debt 82.9m)
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 = 0.50 (Debt 82.9m / totalStockholderEquity, last quarter 166.7m)
Debt / EBITDA = 1.16 (Net Debt 44.1m / EBITDA 38.0m)
 Debt / FCF = -22.37 (negative FCF - burning cash) (Net Debt 44.1m / 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 = 5.40% (Net Income TTM 8.59m / Total Stockholder Equity 159.2m)
RoCE = 5.29% (EBIT 11.9m / Capital Employed (Equity 159.2m + L.T.Debt 66.3m))
RoIC = 5.27% (NOPAT 10.2m / Invested Capital 193.5m)
WACC = 11.33% (E(603.1m)/V(686.0m) * Re(12.67%) + D(82.9m)/V(686.0m) * Rd(1.85%) * (1-Tc(0.14)))
Discount Rate = 12.67% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 9.79%
 [DCF] Fair Price = unknown (Cash Flow -1.97m)
 EPS Correlation: 52.32 | EPS CAGR: 6.54% | SUE: 0.62 | # QB: 0
Revenue Correlation: 62.17 | Revenue CAGR: 2.86% | SUE: 0.85 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.06 | Chg30d=-24.50% | Revisions=-14% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.14 | Chg30d=-8.90% | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=0.40 | Chg30d=+4.14% | Revisions=+50% | GrowthEPS=+59.1% | GrowthRev=+10.1%
EPS next Year (2027-12-31): EPS=0.70 | Chg30d=+20.06% | Revisions=+50% | GrowthEPS=+76.6% | GrowthRev=+9.8%
[Analyst] Revisions Ratio: +50%