Orion Properties Inc. (ONL) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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ONL Revenue Growth
Revenue Breakdown (FY 2025)
ONL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
ONL Revenue Analysis (2019–2025)
As of May 9, 2026, Orion Properties Inc. (ONL) generated trailing twelve-month (TTM) revenue of $145.9 million, reflecting slight decline in growth of -4.5% year-over-year. The most recent quarter (Q1 2026) recorded $36.3 million in revenue, up 3.1% sequentially.
Looking at the longer-term picture, ONL's 5-year compound annual growth rate (CAGR) stands at +22.5%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $208.1 million in 2022.
Revenue diversification analysis shows ONL's business is primarily driven by Rental Revenue (99%), and Fees From Unconsolidated Joint Venture (1%). With over half of revenue concentrated in Rental Revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including HIW (+0.4% YoY), PDM (-25.7% YoY), and DEA (+11.9% YoY), ONL has underperformed the peer group in terms of revenue growth. Compare ONL vs HIW →
ONL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ONLCurrent | $146M | -4.5% | +22.5% | -1.5% | |
 HIW | $806M | +0.4% | +1.8% | 26.0% | |
 PDM | $565M | -25.7% | +1.1% | 14.1% | |
 DEA | $336M | +11.9% | +6.5% | 24.9% | |
 PGRE | $757M | -5.3% | -0.3% | 19.6% | |
 VRE | $288M | +7.1% | -1.7% | 17.1% |
ONL Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $147.6M | -10.4% | $82.8M | 56.1% | $-2,166,000 | -1.5% |
| 2024 | $164.9M | -15.5% | $99.7M | 60.5% | $-21,203,000 | -12.9% |
| 2023 | $195.0M | -6.3% | $134.3M | 68.8% | $6.4M | 3.3% |
| 2022 | $208.1M | +161.0% | $146.6M | 70.4% | $-676,000 | -0.3% |
| 2021 | $79.7M | +49.1% | $66.3M | 83.2% | $18.6M | 23.3% |
| 2020 | $53.5M | +0.0% | $47.7M | 89.2% | $19.7M | 36.8% |
| 2019 | $53.5M | - | $47.6M | 89.0% | $18.6M | 34.8% |
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Start ComparisonONL — Frequently Asked Questions
Quick answers to the most common questions about buying ONL stock.
Is ONL's revenue growth accelerating or slowing?
ONL revenue growth slowed to -4.5%, below the 5-year CAGR of +22.5%. TTM revenue is $146M. The deceleration marks a shift from historical growth rates.
What is ONL's long-term revenue growth rate?
Orion Properties Inc.'s 5-year revenue CAGR of +22.5% reflects the variable expansion pattern. Current YoY growth of -4.5% is near this long-term average.
How is ONL's revenue distributed by segment?
ONL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.