Sees FY26 Revenue of $900M-$950M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2026
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Should l Buy ORN?
Sees FY26 revenue $900M-$950M, consensus $911M
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Analyst Views on ORN
Wall Street analysts forecast ORN stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 11.370
Low
13.00
Averages
13.00
High
13.00
Current: 11.370
Low
13.00
Averages
13.00
High
13.00
About ORN
Orion Group Holdings, Inc. is a specialty construction company that serves the infrastructure, industrial, and building sectors. The Company provides services both on and off the water in the continental United States, Alaska, Hawaii, Canada and the Caribbean Basin. Its segments include marine and concrete. Its marine segment provides construction and dredging services, including marine transportation facility construction, marine pipeline construction, marine environmental structures construction, dredging of waterways, channels and ports, environmental dredging, design, and specialty services related to marine construction, fabrication, and dredging. Its concrete segment provides turnkey concrete construction services, including concrete surface place and finish, site preparation, layout, forming, and rebar placement for large commercial, structural and other associated business areas. Its specialty services include design, salvage, demolition, surveying, towing, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Orion Group Secures Over $125M in Contracts
- Contract Awards: Orion Group announced new contract awards and change orders totaling over $125 million, providing the company with a stable revenue stream and ensuring near-term revenue visibility through February 28, 2026.
- Revenue Forecast: With a growing pipeline now at $23 billion, Orion Group targets revenue between $900 million and $950 million for 2026, indicating strong growth potential in the market.
- Strong Earnings Performance: In Q4 2025, Orion Group reported a non-GAAP EPS of $0.25, beating expectations by $0.20, while revenue of $852 million exceeded forecasts by $629.59 million, reflecting improved operational efficiency.
- Acquisition-Driven Growth: The acquisition of McAmis provides Orion Group with new growth momentum, further enhancing its competitive position in the market and laying the groundwork for future business expansion.
See More
Orion Group Holdings Q4 Earnings Analysis
- Sales Growth Overview: Orion Group reported a 7.5% year-over-year sales increase in Q4 2025, reaching $852.3 million, yet the company flipped from a profit of $0.17 per share last year to a loss of $0.01 per share this quarter, indicating significant volatility in profitability.
- Full-Year Performance Comparison: For the full year 2025, Orion's sales grew by 7%, transitioning from a GAAP loss of $0.05 per share in 2024 to a profit of $0.06 per share, although market caution regarding short-term performance led to stock price fluctuations.
- Free Cash Flow Analysis: Orion generated $28.1 million in cash from operations in 2025 but incurred $38.9 million in capital expenditures, resulting in negative free cash flow; however, cash from property sales of $25.2 million turned it positive at $14.4 million, reflecting potential in asset management.
- Market Valuation Assessment: With a market cap of $535 million, Orion trades at a price-to-free cash flow ratio of 38, and management's target of less than 9% sales growth this year raises concerns about the stock's investment value, suggesting it may be overpriced at current levels.
See More
Orion Group Reports Mixed Q4 and Full-Year Earnings
- Quarterly Loss: Orion Group reported a Q4 loss of $0.01 per share, a significant drop from a profit of $0.17 per share a year ago, indicating substantial volatility in quarterly performance that may undermine investor confidence.
- Annual Profit Shift: Despite the poor Q4 results, Orion's full-year sales grew by 7% to $852.3 million, with earnings flipping from a GAAP loss of $0.05 per share in 2024 to a profit of $0.06 per share in 2025, demonstrating operational improvement over the year.
- Free Cash Flow Status: In 2025, Orion generated $28.1 million in operating cash flow against $38.9 million in capital expenditures, resulting in negative free cash flow; however, cash from asset sales of $25.2 million turned the free cash flow positive at $14.4 million, reflecting proactive asset management.
- Market Reaction Volatility: Orion's stock tumbled nearly 9% in early trading on Wednesday, rebounded over 4%, but ultimately settled down 0.5%, indicating mixed market reactions to the earnings report and uncertainty regarding future growth expectations.
See More
Orion Group Holdings Reports Strong Q4 2025 Earnings and Strategic Growth
- Strong Financial Performance: Orion Group Holdings reported revenue of $852 million for 2025, with adjusted EBITDA of $45 million and adjusted EPS of $0.25, reflecting significant financial growth in a robust market environment, thereby enhancing investor confidence.
- Strategic Acquisitions and Financing: The company successfully closed a $120 million senior credit facility in December, reducing capital costs and enhancing liquidity, while acquiring a large Jones Act derrick barge, significantly boosting marine and defense project capabilities, which is expected to drive future revenue growth.
- Optimistic Future Outlook: Management anticipates 2026 revenue in the range of $900 million to $950 million, a 9% increase from 2025 at the midpoint, with adjusted EBITDA projected to grow by 24%, indicating strong confidence in future market demand, particularly in high-margin marine projects and data centers.
- Project Pipeline and Market Risks: Although the $763 million in new contracts for 2025 fell short of expectations, management remains confident in a $23 billion project pipeline; however, geopolitical uncertainties and the prolonged U.S. government shutdown may impact future project timelines.
See More
Orion Group Reports Strong Q4 2025 Earnings with Significant Revenue Growth
- Earnings Beat: Orion Group's Q4 2025 non-GAAP EPS of $0.25 exceeded expectations by $0.20, indicating a significant improvement in profitability that boosts investor confidence.
- Revenue Surge: The company reported revenue of $852 million for 2025, a staggering 292.8% increase year-over-year, surpassing the expected $629.59 million, reflecting strong project execution and market demand that solidifies its market position.
- Gross Profit Growth: Gross profit for 2025 was $105.6 million, up $14.4 million or 16% from $91.2 million the previous year, primarily driven by strong project execution and increased utilization, showcasing improved operational efficiency.
- Net Income Turnaround: GAAP net income for 2025 was $2.5 million, or $0.06 per diluted share, compared to a net loss of $1.6 million the prior year, marking a significant improvement in financial health and indicating strong future growth potential.
See More
Orion Group to Announce Q4 Earnings on March 3rd
- Earnings Announcement: Orion Group is set to release its Q4 earnings on March 3rd after market close, with a consensus EPS estimate of $0.05, reflecting a significant year-over-year decline of 68.8%, indicating potential profitability challenges ahead.
- Revenue Expectations: The anticipated revenue for Q4 stands at $222.41 million, representing a modest year-over-year growth of 2.5%, which, while limited, suggests some resilience in the market that could lay the groundwork for future business development.
- Historical Performance Review: Over the past two years, Orion has beaten EPS estimates 63% of the time and revenue estimates 38% of the time, indicating a degree of stability and adaptability in its financial performance amidst market fluctuations.
- Contract Acquisition: Recently, Orion secured an $86.3 million contract from the US Army Corps of Engineers for a major Texas coastline restoration project, which not only bolsters the company's order flow but may also support future revenue growth.
See More
Orion Group Secures Over $125M in Contracts
- Contract Awards: Orion Group announced new contract awards and change orders totaling over $125 million, providing the company with a stable revenue stream and ensuring near-term revenue visibility through February 28, 2026.
- Revenue Forecast: With a growing pipeline now at $23 billion, Orion Group targets revenue between $900 million and $950 million for 2026, indicating strong growth potential in the market.
- Strong Earnings Performance: In Q4 2025, Orion Group reported a non-GAAP EPS of $0.25, beating expectations by $0.20, while revenue of $852 million exceeded forecasts by $629.59 million, reflecting improved operational efficiency.
- Acquisition-Driven Growth: The acquisition of McAmis provides Orion Group with new growth momentum, further enhancing its competitive position in the market and laying the groundwork for future business expansion.
See More
Orion Group Holdings Q4 Earnings Analysis
- Sales Growth Overview: Orion Group reported a 7.5% year-over-year sales increase in Q4 2025, reaching $852.3 million, yet the company flipped from a profit of $0.17 per share last year to a loss of $0.01 per share this quarter, indicating significant volatility in profitability.
- Full-Year Performance Comparison: For the full year 2025, Orion's sales grew by 7%, transitioning from a GAAP loss of $0.05 per share in 2024 to a profit of $0.06 per share, although market caution regarding short-term performance led to stock price fluctuations.
- Free Cash Flow Analysis: Orion generated $28.1 million in cash from operations in 2025 but incurred $38.9 million in capital expenditures, resulting in negative free cash flow; however, cash from property sales of $25.2 million turned it positive at $14.4 million, reflecting potential in asset management.
- Market Valuation Assessment: With a market cap of $535 million, Orion trades at a price-to-free cash flow ratio of 38, and management's target of less than 9% sales growth this year raises concerns about the stock's investment value, suggesting it may be overpriced at current levels.
See More
Orion Group Reports Mixed Q4 and Full-Year Earnings
- Quarterly Loss: Orion Group reported a Q4 loss of $0.01 per share, a significant drop from a profit of $0.17 per share a year ago, indicating substantial volatility in quarterly performance that may undermine investor confidence.
- Annual Profit Shift: Despite the poor Q4 results, Orion's full-year sales grew by 7% to $852.3 million, with earnings flipping from a GAAP loss of $0.05 per share in 2024 to a profit of $0.06 per share in 2025, demonstrating operational improvement over the year.
- Free Cash Flow Status: In 2025, Orion generated $28.1 million in operating cash flow against $38.9 million in capital expenditures, resulting in negative free cash flow; however, cash from asset sales of $25.2 million turned the free cash flow positive at $14.4 million, reflecting proactive asset management.
- Market Reaction Volatility: Orion's stock tumbled nearly 9% in early trading on Wednesday, rebounded over 4%, but ultimately settled down 0.5%, indicating mixed market reactions to the earnings report and uncertainty regarding future growth expectations.
See More
Orion Group Holdings Reports Strong Q4 2025 Earnings and Strategic Growth
- Strong Financial Performance: Orion Group Holdings reported revenue of $852 million for 2025, with adjusted EBITDA of $45 million and adjusted EPS of $0.25, reflecting significant financial growth in a robust market environment, thereby enhancing investor confidence.
- Strategic Acquisitions and Financing: The company successfully closed a $120 million senior credit facility in December, reducing capital costs and enhancing liquidity, while acquiring a large Jones Act derrick barge, significantly boosting marine and defense project capabilities, which is expected to drive future revenue growth.
- Optimistic Future Outlook: Management anticipates 2026 revenue in the range of $900 million to $950 million, a 9% increase from 2025 at the midpoint, with adjusted EBITDA projected to grow by 24%, indicating strong confidence in future market demand, particularly in high-margin marine projects and data centers.
- Project Pipeline and Market Risks: Although the $763 million in new contracts for 2025 fell short of expectations, management remains confident in a $23 billion project pipeline; however, geopolitical uncertainties and the prolonged U.S. government shutdown may impact future project timelines.
See More
Orion Group Reports Strong Q4 2025 Earnings with Significant Revenue Growth
- Earnings Beat: Orion Group's Q4 2025 non-GAAP EPS of $0.25 exceeded expectations by $0.20, indicating a significant improvement in profitability that boosts investor confidence.
- Revenue Surge: The company reported revenue of $852 million for 2025, a staggering 292.8% increase year-over-year, surpassing the expected $629.59 million, reflecting strong project execution and market demand that solidifies its market position.
- Gross Profit Growth: Gross profit for 2025 was $105.6 million, up $14.4 million or 16% from $91.2 million the previous year, primarily driven by strong project execution and increased utilization, showcasing improved operational efficiency.
- Net Income Turnaround: GAAP net income for 2025 was $2.5 million, or $0.06 per diluted share, compared to a net loss of $1.6 million the prior year, marking a significant improvement in financial health and indicating strong future growth potential.
See More
Orion Group to Announce Q4 Earnings on March 3rd
- Earnings Announcement: Orion Group is set to release its Q4 earnings on March 3rd after market close, with a consensus EPS estimate of $0.05, reflecting a significant year-over-year decline of 68.8%, indicating potential profitability challenges ahead.
- Revenue Expectations: The anticipated revenue for Q4 stands at $222.41 million, representing a modest year-over-year growth of 2.5%, which, while limited, suggests some resilience in the market that could lay the groundwork for future business development.
- Historical Performance Review: Over the past two years, Orion has beaten EPS estimates 63% of the time and revenue estimates 38% of the time, indicating a degree of stability and adaptability in its financial performance amidst market fluctuations.
- Contract Acquisition: Recently, Orion secured an $86.3 million contract from the US Army Corps of Engineers for a major Texas coastline restoration project, which not only bolsters the company's order flow but may also support future revenue growth.
See More
