ORN Stock Analysis: Orion Holdings | NYSE

Marine Construction, Concrete Placement, Dredging Services, Commercial Diving

Total Rating 13

Safety 30

Buy Signal -1.06

Engineering & Construction
Industry Rotation: -0.1

Market Cap: 371M
Avg Turnover: 4.48M

Risk 3d forecast

Volatility75.6%

VaR 5^th Pctl12.7%

VaR vs Median2.23%

Reward TTM

Sharpe Ratio-0.28

Rel. Str. IBD8.9

Rel. Str. Peer Group21.4 pctl

Character TTM

Beta2.355

Beta Downside2.074

Hurst Exponent0.534

Choppyness45.2%

Drawdowns 3y

Max DD57.62%

CAGR/Max DD0.42

CAGR/Mean DD0.98

EPS (Earnings per Share)

Last SUE: 0.39
Qual. Beats: 0

Revenue

Rev. CAGR: 10.20%
Rev. Trend: 97.9%

Last SUE: 0.45
Qual. Beats: 0

Warnings

P/E Ratio 114.4

High Debt/EBITDA With Thin Interest Coverage

High Debt While Negative Cash Flow

Beneish M-Score Likely Earnings Manipulation

Below Avwap Earnings

Below Sma 200d

Tailwinds

No distinct edge detected

Seasonality 11.8 years of data

Jan +2.3% 10

Feb +1.0% 8

Mar -17.0% 35

Apr -3.3% 15

May +2.3% 29

Jun +11.5% 25

Jul -7.6% 9

Aug -5.2% 20

Sep +4.8% 6

Oct +6.2% 12

Nov +9.3% 13

Dec -4.5% 31

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: ORN Orion Holdings

Orion Group Holdings, Inc. (NYSE: ORN) is a specialty construction company headquartered in Houston, Texas, operating across the United States, Canada, and the Caribbean Basin. Founded in 1994 and formerly known as Orion Marine Group until rebranding in May 2016, the company is classified within the Construction & Engineering sub-industry of the broader Industrials sector. Orion reports its operations through two segments: Marine and Concrete.

The Marine segment focuses on the construction, rehabilitation, and maintenance of marine transportation infrastructure, including terminals, cruise ship berths, U.S. Navy facilities, marinas, and port facilities. The segment also handles underwater pipeline and transmission infrastructure installation, overwater bridge and causeway construction, environmental protection structures such as levees and erosion control systems, and dredging services for ports, waterways, and channels. Specialty offerings include commercial diving, underwater inspection, salvage, demolition, and surveying services.

The Concrete segment provides concrete placement, finishing, site preparation, forming, and rebar placement services across a diverse project mix. End markets include data centers, industrial and warehouse facilities, commercial and multi-family structures, institutional buildings, and retail, hospital, and recreational facilities. Specialty contractors in the concrete space typically compete on the basis of technical capability, project execution, and the ability to mobilize skilled crews for time-bound engagements.

The companys diversified mix of marine infrastructure and commercial concrete work exposes it to public infrastructure spending, private industrial development, and large-scale data center construction activity. As a small-cap stock in the specialty construction niche, Orions revenue tends to be project-driven, with backlog and contract awards serving as key indicators of near-term performance.

Headlines to Watch Out For

Data center buildout drives concrete segment revenue growth
Federal infrastructure spending boosts marine dredging backlog
Labor and material cost inflation pressures project margins

Piotroski VR-10 (Strict) 0.5

Net Income: 5.78m TTM > 0 and > 6% of Revenue
FCF/TA: -0.07 > 0.02 and ΔFCF/TA -6.73 > 1.0
NWC/Revenue: 8.73% < 20% (prev 8.60%; Δ 0.13% < -1%)
CFO/TA 0.01 > 3% & CFO 3.08m > Net Income 5.78m
Net Debt (214.3m) to EBITDA (40.0m): 5.36 < 3
Current Ratio: 1.37 > 1.5 & < 3
Outstanding Shares: last quarter (40.5m) vs 12m ago 2.46% < -2%
Gross Margin: 11.75% > 18% (prev 13.02%; Δ -1.27% > 0.5%)
Asset Turnover: 191.8% > 50% (prev 197.9%; Δ -6.07% > 0%)
Interest Coverage Ratio: 1.29 > 6 (EBIT TTM 11.0m / Interest Expense TTM 8.48m)

Altman Z'' 1.29

A: 0.15 (Total Current Assets 299.8m - Total Current Liabilities 218.8m) / Total Assets 544.6m
B: -0.10 (Retained Earnings -55.2m / Total Assets 544.6m)
C: 0.02 (EBIT TTM 11.0m / Avg Total Assets 483.5m)
D: 0.47 (Book Value of Equity 173.2m / Total Liabilities 371.5m)
Altman-Z'' = 1.29 = BB

Beneish M -0.17

DSRI: 0.70 (Receivables 199.6m/257.6m, Revenue 927.6m/835.9m)
GMI: 1.11 (GM 13.02% / 11.75%)
AQI: 5.94 (AQ_t 0.12 / AQ_t-1 0.02)
SGI: 1.11 (Revenue 927.6m / 835.9m)
TATA: 0.00 (NI 5.78m - CFO 3.08m) / TA 544.6m)
Beneish M = -0.17 (Cap -4..+1) = D

What is the price of ORN shares?

As of November 02, 2026, the stock is trading at USD 8.42 with a total of 691,648 shares traded. Over the past week, the price has changed by -3.33%, over one month by +0.12%, over three months by -12.02% and over the past year by -25.55%.

Current recommended Stop Loss: 7.70 (which is 8.6% or 1.4 ATR below the current price).

Is ORN a buy, sell or hold?

Orion Holdings has received a consensus analysts rating of 4.83. Therefore, it is recommended to buy ORN.

StrongBuy: 5
Buy: 1
Hold: 0
Sell: 0
StrongSell: 0

What are the forecasts/targets for the ORN price?

Analysts Target Price	15	77.9%

Orion Holdings (ORN) - Fundamental Data Overview as of 29 October 2026

Market Cap USD = 370.5m (370.5m USD * 1.0 USD.USD)
P/E Trailing = 114.375
P/E Forward = 22.2222
P/S = 0.4133
P/B = 2.1637
P/EG = 0.6186
Revenue TTM = 927.6m USD
EBIT TTM = 11.0m USD
EBITDA TTM = 40.0m USD
Long Term Debt = 6.08m USD (from longTermDebt, last fiscal year)
Short Term Debt = 22.6m USD (from shortTermDebt, last quarter)
Debt = 219.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 63.5m
Net Debt = 214.3m USD (calculated: Debt 219.9m - CCE 5.67m)
Enterprise Value = 584.8m USD (370.5m + Debt 219.9m - CCE 5.67m)
Interest Coverage Ratio = 1.29 (Ebit TTM 11.0m / Interest Expense TTM 8.48m)
EV/FCF = -15.24x (Enterprise Value 584.8m / FCF TTM -38.4m)
FCF Yield = -6.56% (FCF TTM -38.4m / Enterprise Value 584.8m)
FCF Margin = -4.14% (FCF TTM -38.4m / Revenue TTM 927.6m)
Net Margin = 0.62% (Net Income TTM 5.78m / Revenue TTM 927.6m)
Gross Margin = 11.75% ((Revenue TTM 927.6m - Cost of Revenue TTM 818.6m) / Revenue TTM)
Gross Margin QoQ = 12.94% (prev 10.33%)
Tobins Q-Ratio = 1.07 (Enterprise Value 584.8m / Total Assets 544.6m)
Interest Expense / Debt = 3.85% (Interest Expense 8.48m / Debt 219.9m)
Taxrate = 6.62% (388k / 5.86m)
NOPAT = 10.2m (EBIT 11.0m * (1 - 6.62%))
Current Ratio = 1.37 (Total Current Assets 299.8m / Total Current Liabilities 218.8m)
Debt / Equity = 1.27 (Debt 219.9m / totalStockholderEquity, last quarter 173.2m)
Debt / EBITDA = 5.36 (Net Debt 214.3m / EBITDA 40.0m)
Debt / FCF = -5.58 (negative FCF - burning cash) (Net Debt 214.3m / FCF TTM -38.4m)
Total Stockholder Equity = 165.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.19% (Net Income 5.78m / Total Assets 544.6m)
RoE = 3.48% (Net Income TTM 5.78m / Total Stockholder Equity 165.8m)
RoCE = 6.38% (EBIT 11.0m / Capital Employed (Equity 165.8m + L.T.Debt 6.08m))
RoIC = 2.99% (NOPAT 10.2m / Invested Capital 342.7m)
WACC = 9.84% (E(370.5m)/V(590.5m) * Re(13.54%) + D(219.9m)/V(590.5m) * Rd(3.85%) * (1-Tc(0.07)))
Discount Rate = 13.54% (= CAPM, Blume Beta Adj.) -> capped to 12.54%
Shares (quarterly) Correlation: 82.85 | Cagr: 9.39%
[DCF] Fair Price = unknown (Cash Flow -38.4m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.39 | # QB: 0
Revenue Correlation: 97.93 | Revenue CAGR: 10.20% | SUE: 0.45 | # QB: 0
EPS current Year (2026-12-31): EPS=0.25 | Chg30d=+0.00% | Revisions=-57% | GrowthEPS=+1.5% | GrowthRev=+9.1%
EPS next Year (2027-12-31): EPS=0.44 | Chg30d=-2.69% | Revisions=-67% | GrowthEPS=+72.7% | GrowthRev=+8.0%
[Analyst] Revisions Ratio: -77% (up=0, down=10)