Orion Properties Inc. (ONL) Revenue History
Annual and quarterly revenue from 2019 to present
ONL Revenue Over Time (2019–2025)
ONL Revenue Growth History
3 of 6 years with positive growth- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- +0.0%
- FY2021 revenue growth
- +49.1%
- FY2022 revenue growth
- +161.0%
- FY2023 revenue growth
- -6.3%
- FY2024 revenue growth
- -15.5%
- FY2025 revenue growth
- -10.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $36.3M | -4.5% |
| Q4 2025 | $35.2M | -8.2% |
| Q3 2025 | $37.1M | -5.2% |
| Q2 2025 | $37.3M | -7.0% |
| Q1 2025 | $38.0M | -19.5% |
| Q4 2024 | $38.4M | -12.3% |
| Q3 2024 | $39.2M | -20.2% |
| Q2 2024 | $40.1M | -22.9% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
ONL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
ONL Revenue Analysis (2019–2025)
Current Revenue & Growth
As of June 29, 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.
Historical Growth Trajectory
ONL's 5-year compound annual growth rate (CAGR) stands at +22.5%, indicating outstanding long-term growth trajectory. The 3-year CAGR of -10.8% is below the 5-year average, signalling a growth deceleration in recent years. Orion Properties Inc.'s highest annual revenue of $208.1 million was recorded in 2022.
Revenue by Segment
ONL's revenue 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 has a focused business model while developing other growth vectors.
Peer Comparison
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 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% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
7+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
ONL — 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 is slowing. TTM revenue is $146M, up -4.5% year-over-year — below the 5-year CAGR of +22.5%. The deceleration suggests maturing end-markets or increased competition.
What is ONL's revenue history from 2019 to 2026?
Orion Properties Inc. (ONL) revenue history spans 2019 to 2026. TTM revenue as of 2026 is $146M, growing at -4.5% YoY. The 5-year CAGR is +22.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ONL's long-term revenue growth rate (CAGR)?
Orion Properties Inc.'s 5-year revenue CAGR of +22.5% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -4.5% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ONL.
Why does ONL's quarterly revenue fluctuate?
ONL quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Orion Properties Inc.'s revenue data from 2019 to 2026 shows full historical quarterly detail on this page.
How is ONL's revenue distributed by segment?
ONL reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ONL's revenue compare to industry peers?
Orion Properties Inc. (ONL) with TTM revenue of $146M and -4.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.