Orion Group Holdings, Inc. (ORN) 10-Year Financial Performance & Capital Metrics

ORN • • Industrial / General

IndustrialsEngineering & ConstructionHeavy Civil ConstructionMarine & Water Infrastructure

AboutOrion Group Holdings, Inc. operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides various marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures. Its marine transportation facility projects comprise public port facilities, cruise ship port facilities, private terminals, special-use navy terminals, recreational use marinas and docks, and other marine-based facilities. The company also offers on-going maintenance and repair, inspection, emergency repair, and demolition and salvage services to marine transportation facilities. Its marine pipeline service projects include the installation and removal of underwater buried pipeline transmission lines; the installation of pipeline intakes and outfalls for industrial facilities; the construction of pipeline outfalls for wastewater and industrial discharges; river crossing and directional drilling; the creation of hot taps and tie-ins; and inspection, maintenance, and repair services. The company's bridge and causeway projects include the construction, repair, and maintenance of overwater bridges and causeways, as well as the development of fendering systems in marine environments; and marine environmental structures used for erosion control, wetlands creation, and environmental remediation. The company also provides specialty services, such as design, salvage, demolition, surveying, towing, diving and underwater inspection, excavation, and repair services. In addition, it offers light commercial, structural, and other concrete construction services. Orion Group Holdings, Inc. was founded in 1994 and is headquartered in Houston, Texas.Show more

Revenue $796M +11.9%
EBITDA $34M +98.8%
Net Income -$2M +90.8%
EPS (Diluted) -0.05 +91.4%
Gross Margin 11.45% +32.1%
EBITDA Margin 4.31% +77.7%
Operating Margin 1.45% +255.3%
Net Margin -0.21% +91.8%
ROE -1.21% +91.2%
ROIC 4.4% +266.6%
Debt/Equity 0.63 -10.9%
Interest Coverage 0.86 +251.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.9x turnover

✗Weaknesses

✗Negative free cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.52%

5Y2.37%

3Y9.82%

TTM7.02%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM174.29%

EPS CAGR

10Y-

5Y-

3Y-

TTM157.78%

ROCE

10Y Avg-3.32%

5Y Avg0.85%

3Y Avg-0.82%

Latest5.39%

Peer Comparison

Marine & Water Infrastructure

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
GLDDGreat Lakes Dredge & Dock Corporation	1.05B	15.44	18.38	29.35%	9.65%	16.04%	1.23
MGNMegan Holdings Limited Ordinary Shares	28.36M	1.75	3.71	17.88%	9.72%	32.34%	0.01
SHIMShimmick Corporation Common Stock	131.08M	3.66	-0.89	-24.11%	-12.33%	-6.97%
SLNDSouthland Holdings, Inc.	177.49M	3.28	-1.50	-15.53%	-10.08%	-107.82%	1.83
ORNOrion Group Holdings, Inc.	447.69M	11.22	-237.21	11.89%	1.13%	6.01%	0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	466.5M	578.24M	578.55M	520.89M	708.39M	709.94M	601.36M	748.32M	711.78M	796.39M
Revenue Growth %	0.21%	0.24%	0%	-0.1%	0.36%	0%	-0.15%	0.24%	-0.05%	0.12%
Cost of Goods Sold+	426.32M	510.75M	511.66M	499.25M	644.35M	625.24M	560.39M	697.58M	650.12M	705.23M
COGS % of Revenue	0.91%	0.88%	0.88%	0.96%	0.91%	0.88%	0.93%	0.93%	0.91%	0.89%
Gross Profit+	40.18M	67.48M	62.24M	16.78M	64.04M	84.7M	40.97M	50.74M	61.66M	91.16M
Gross Margin %	0.09%	0.12%	0.11%	0.03%	0.09%	0.12%	0.07%	0.07%	0.09%	0.11%
Gross Profit Growth %	-0.1%	0.68%	-0.08%	-0.73%	2.82%	0.32%	-0.52%	0.24%	0.22%	0.48%
Operating Expenses+	48.18M	63.41M	60.7M	117.32M	61.85M	58.12M	50.28M	58.77M	68.29M	79.64M
OpEx % of Revenue	0.1%	0.11%	0.1%	0.23%	0.09%	0.08%	0.08%	0.08%	0.1%	0.1%
Selling, General & Admin	47.72M	64.99M	66.03M	61.46M	61.01M	65.09M	60.18M	62.5M	69.43M	82.54M
SG&A % of Revenue	0.1%	0.11%	0.11%	0.12%	0.09%	0.09%	0.1%	0.08%	0.1%	0.1%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	466K	-1.58M	4.06M	64.12M	836K	-6.97M	-9.9M	-3.73M	-1.14M	-2.9M
Operating Income+	-8M	4.07M	1.54M	-100.54M	2.19M	26.59M	-9.32M	-8.03M	-6.63M	11.52M
Operating Margin %	-0.02%	0.01%	0%	-0.19%	0%	0.04%	-0.02%	-0.01%	-0.01%	0.01%
Operating Income Growth %	-1.78%	1.51%	-0.62%	-66.37%	1.02%	11.12%	-1.35%	0.14%	0.17%	2.74%
EBITDA+	20.08M	38.24M	31.03M	-68.74M	30.6M	53.8M	16.11M	16.03M	17.25M	34.29M
EBITDA Margin %	0.04%	0.07%	0.05%	-0.13%	0.04%	0.08%	0.03%	0.02%	0.02%	0.04%
EBITDA Growth %	-0.4%	0.9%	-0.19%	-3.22%	1.45%	0.76%	-0.7%	-0.01%	0.08%	0.99%
D&A (Non-Cash Add-back)	28.08M	34.16M	29.49M	31.8M	28.41M	27.22M	25.43M	24.06M	23.88M	22.77M
EBIT	-7.53M	2.5M	864K	-39.81M	389K	17.54M	-20.73M	-13M	-8.2M	8.62M
Net Interest Income+	-3.12M	-6.17M	-5.72M	-7.81M	-6.46M	-4.74M	-4.94M	-4.35M	-11.56M	-13.17M
Interest Income	32K	3K	11K	136K	353K	183K	136K	104K	103K	207K
Interest Expense	3.15M	6.17M	5.73M	7.94M	6.81M	4.92M	5.08M	4.46M	11.66M	13.38M
Other Income/Expense	-2.58M	-6.11M	-5.68M	-6.12M	-5.68M	-4.39M	-4.74M	-4.15M	-10.91M	-12.82M
Pretax Income+	-10.58M	-2.04M	-4.14M	-106.66M	-3.49M	22.2M	-14.06M	-12.18M	-17.55M	-1.3M
Pretax Margin %	-0.02%	-0%	-0.01%	-0.2%	-0%	0.03%	-0.02%	-0.02%	-0.02%	-0%
Income Tax+	-2.52M	1.58M	-4.54M	-12.23M	1.87M	1.98M	502K	429K	330K	348K
Effective Tax Rate %	0.76%	1.78%	-0.1%	0.89%	1.54%	0.91%	1.04%	1.04%	1.02%	1.27%
Net Income+	-8.06M	-3.62M	400K	-94.42M	-5.36M	20.22M	-14.56M	-12.61M	-17.88M	-1.64M
Net Margin %	-0.02%	-0.01%	0%	-0.18%	-0.01%	0.03%	-0.02%	-0.02%	-0.03%	-0%
Net Income Growth %	-2.17%	0.55%	1.11%	-237.06%	0.94%	4.77%	-1.72%	0.13%	-0.42%	0.91%
Net Income (Continuing)	-8.06M	-3.62M	400K	-94.42M	-5.36M	20.22M	-14.56M	-12.61M	-17.88M	-1.64M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.29	-0.13	0.01	-3.31	-0.18	0.67	-0.47	-0.40	-0.55	-0.05
EPS Growth %	-2.16%	0.55%	1.08%	-332%	0.95%	4.72%	-1.7%	0.15%	-0.38%	0.91%
EPS (Basic)	-0.29	-0.13	0.01	-3.31	-0.18	0.67	-0.47	-0.40	-0.55	-0.05
Diluted Shares Outstanding	27.37M	27.54M	28.35M	28.52M	29.32M	30.12M	30.76M	31.4M	32.35M	34.78M
Basic Shares Outstanding	27.37M	27.54M	28.03M	28.52M	29.32M	30.12M	30.76M	31.4M	32.35M	34.78M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	193.12M	195.11M	191.79M	137.06M	211.97M	235.4M	197.93M	220.34M	271.82M	269.33M
Cash & Short-Term Investments	1.34M	305K	9.09M	8.68M	1.09M	1.59M	12.29M	3.78M	30.94M	28.32M
Cash Only	1.34M	305K	9.09M	8.68M	1.09M	1.59M	12.29M	3.78M	30.94M	28.32M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	172.79M	177.14M	174.19M	122.32M	204.92M	225.84M	176.87M	205.46M	229.28M	229.95M
Days Sales Outstanding	135.2	111.81	109.9	85.71	105.58	116.11	107.35	100.22	117.58	105.39
Inventory	4.87M	5.39M	4.39M	1.06M	1.11M	1.55M	1.43M	2.86M	2.7M	1.97M
Days Inventory Outstanding	4.17	3.85	3.13	0.77	0.63	0.9	0.93	1.5	1.52	1.02
Other Current Assets	14.88M	13.15M	4.04M	0	4.85M	6.43M	7.34M	8.23M	8.89M	9.08M
Total Non-Current Assets+	272.38M	252.57M	241.5M	175.81M	182.88M	178.79M	153.82M	146.82M	145.08M	147.99M
Property, Plant & Equipment	165.99M	158.08M	146.28M	148M	158.24M	157.23M	135.9M	131.79M	137.13M	139M
Fixed Asset Turnover	2.81x	3.66x	3.96x	3.52x	4.48x	4.52x	4.42x	5.68x	5.19x	5.73x
Goodwill	65.98M	66.35M	69.48M	0	0	0	0	0	0	0
Intangible Assets	29.32M	22.03M	18.18M	14.79M	12.15M	10.08M	8.56M	7.32M	0	0
Long-Term Investments	222K	733K	-8.42M	-49K	2.5M	1.8M	1.1M	0	0	0
Other Non-Current Assets	11.09M	6.1M	7.56M	13.02M	9.91M	9.61M	8.22M	7.64M	7.92M	8.97M
Total Assets+	465.5M	447.68M	433.29M	312.87M	394.84M	414.19M	351.75M	367.15M	416.89M	417.32M
Asset Turnover	1.00x	1.29x	1.34x	1.66x	1.79x	1.71x	1.71x	2.04x	1.71x	1.91x
Asset Growth %	0.32%	-0.04%	-0.03%	-0.28%	0.26%	0.05%	-0.15%	0.04%	0.14%	0%
Total Current Liabilities+	118.3M	117.52M	121.99M	86.31M	149.75M	180.61M	161.74M	189.24M	215.92M	191.17M
Accounts Payable	54.39M	50.02M	47.18M	42.76M	70.98M	48.97M	49.14M	88.8M	82.82M	98.45M
Days Payables Outstanding	46.57	35.74	33.66	31.26	40.21	28.59	32.01	46.47	46.5	50.95
Short-Term Debt	12M	19.19M	22.76M	2.95M	11.5M	13.23M	46.4M	43.73M	13.45M	18.55M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	9.29M	5.79M	5.89M	18.61M	9.64M	69.57M	28.71M	10.86M	67.81M	-18.13M
Current Ratio	1.63x	1.66x	1.57x	1.59x	1.42x	1.30x	1.22x	1.16x	1.26x	1.41x
Quick Ratio	1.59x	1.61x	1.54x	1.58x	1.41x	1.29x	1.21x	1.15x	1.25x	1.40x
Cash Conversion Cycle	92.8	79.93	79.37	55.22	66.01	88.43	76.28	55.25	72.59	55.46
Total Non-Current Liabilities+	119.49M	103.95M	80.03M	84.98M	107.07M	74.08M	41.91M	40.12M	79.5M	75.47M
Long-Term Debt	94.75M	82.08M	63.19M	76.12M	68.03M	29.52M	259K	716K	23.74M	22.75M
Capital Lease Obligations	0	0	0	5.19M	17.36M	22.91M	22.55M	22.12M	30.38M	32.18M
Deferred Tax Liabilities	19.34M	19M	13.24M	49K	205K	207K	169K	211K	64K	28K
Other Non-Current Liabilities	5.4M	2.88M	3.6M	3.62M	4.03M	4.42M	2.76M	277K	25.32M	20.5M
Total Liabilities	237.79M	221.47M	202.02M	171.28M	256.82M	254.69M	203.65M	229.35M	295.42M	266.64M
Total Debt+	110.65M	101.27M	85.94M	79.06M	96.88M	65.67M	69.21M	66.56M	85.49M	94.46M
Net Debt	109.3M	100.96M	76.86M	70.38M	95.8M	64.08M	56.91M	62.78M	54.55M	66.15M
Debt / Equity	0.49x	0.45x	0.37x	0.56x	0.70x	0.41x	0.47x	0.48x	0.70x	0.63x
Debt / EBITDA	5.51x	2.65x	2.77x	-	3.17x	1.22x	4.30x	4.15x	4.96x	2.76x
Net Debt / EBITDA	5.44x	2.64x	2.48x	-	3.13x	1.19x	3.53x	3.92x	3.16x	1.93x
Interest Coverage	-2.54x	0.66x	0.27x	-12.66x	0.32x	5.40x	-1.84x	-1.80x	-0.57x	0.86x
Total Equity+	227.71M	226.2M	231.27M	141.59M	138.02M	159.49M	148.1M	137.8M	121.47M	150.68M
Equity Growth %	-0.04%	-0.01%	0.02%	-0.39%	-0.03%	0.16%	-0.07%	-0.07%	-0.12%	0.24%
Book Value per Share	8.32	8.21	8.16	4.96	4.71	5.29	4.81	4.39	3.76	4.33
Total Shareholders' Equity	227.71M	226.2M	231.27M	141.59M	138.02M	159.49M	148.1M	137.8M	121.47M	150.68M
Common Stock	279K	283K	288K	296K	303K	312K	317K	328K	333K	397K
Retained Earnings	65.38M	61.76M	62.85M	-31.86M	-37.22M	-17M	-31.56M	-44.17M	-62.05M	-63.69M
Treasury Stock	-6.54M	-6.54M	-6.54M	-6.54M	-6.54M	-6.54M	-6.54M	-6.54M	-6.54M	-6.54M
Accumulated OCI	-145K	-382K	-26K	-52K	-1.04M	-1.6M	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	25.18M	23.15M	34.13M	21.93M	-716K	46.03M	69K	9.56M	17.18M	12.68M
Operating CF Margin %	0.05%	0.04%	0.06%	0.04%	-0%	0.06%	0%	0.01%	0.02%	0.02%
Operating CF Growth %	1.11%	-0.08%	0.47%	-0.36%	-1.03%	65.29%	-1%	137.62%	0.8%	-0.26%
Net Income	-8.06M	-3.62M	400K	-94.42M	-5.36M	20.22M	-14.56M	-12.61M	-17.88M	-1.64M
Depreciation & Amortization	28.08M	34.16M	29.49M	31.8M	33.59M	33.09M	30.53M	28.87M	30.64M	32.73M
Stock-Based Compensation	2.27M	2.28M	2.3M	2.24M	2.75M	2M	2.4M	2.75M	2.04M	4.01M
Deferred Taxes	-2.88M	751K	-4.17M	-13.19M	71K	17K	-9K	13K	-103K	-27K
Other Non-Cash Items	950K	-354K	595K	67.9M	-952K	-8.77M	-10.2M	-4.22M	61K	-689K
Working Capital Changes	4.82M	-10.07M	5.51M	27.61M	-30.81M	-526K	-8.1M	-5.24M	2.41M	-21.7M
Change in Receivables	-2.67M	-23.93M	15.02M	10.94M	-84.38M	33.25M	8.46M	-44.03M	-23.71M	-850K
Change in Inventory	1.15M	1.7M	89K	647K	503K	148K	371K	-1.49M	-729K	-554K
Change in Payables	12.24M	-5.72M	-5.67M	-4.58M	28.89M	-22.02M	589K	39.37M	-4.51M	16.02M
Cash from Investing+	-128.79M	-17.69M	-10.08M	-13.3M	-13.33M	-3.13M	10.63M	-9.7M	2.17M	-11.48M
Capital Expenditures	-20.8M	-18.71M	-10.73M	-17.71M	-17.2M	-14.69M	-16.98M	-14.58M	-8.91M	-14.09M
CapEx % of Revenue	0.04%	0.03%	0.02%	0.03%	0.02%	0.02%	0.03%	0.02%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.71M	1.4M	7.21M	4.32M	3.87M	11.56M	27.6M	4.88M	11.08M	2.61M
Cash from Financing+	66.07M	-6.5M	-15.27M	-9.03M	6.45M	-42.4M	6K	-8.37M	7.81M	-3.82M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-4.47M	67K	541K	1.95M	-1.65M	-577K	-839K	-1.1M	-7.03M	25K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	4.38M	4.43M	23.4M	4.22M	-17.91M	31.34M	-16.91M	-5.02M	8.27M	-1.42M
FCF Margin %	0.01%	0.01%	0.04%	0.01%	-0.03%	0.04%	-0.03%	-0.01%	0.01%	-0%
FCF Growth %	1.14%	0.01%	4.28%	-0.82%	-5.25%	2.75%	-1.54%	0.7%	2.65%	-1.17%
FCF per Share	0.16	0.16	0.83	0.15	-0.61	1.04	-0.55	-0.16	0.26	-0.04
FCF Conversion (FCF/Net Income)	-3.12x	-6.39x	85.33x	-0.23x	0.13x	2.28x	-0.00x	-0.76x	-0.96x	-7.71x
Interest Paid	3.06M	5.03M	4.41M	4.82M	6.31M	3.19M	2.42M	2.92M	12.08M	11.5M
Taxes Paid	584K	999K	1.01M	903K	578K	2.17M	568K	533K	618K	797K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-3.47%	-1.59%	0.17%	-50.65%	-3.83%	13.59%	-9.47%	-8.82%	-13.79%	-1.21%
Return on Invested Capital (ROIC)	-2.1%	0.92%	0.36%	-29%	0.74%	8.72%	-3.26%	-2.97%	-2.64%	4.4%
Gross Margin	8.61%	11.67%	10.76%	3.22%	9.04%	11.93%	6.81%	6.78%	8.66%	11.45%
Net Margin	-1.73%	-0.63%	0.07%	-18.13%	-0.76%	2.85%	-2.42%	-1.69%	-2.51%	-0.21%
Debt / Equity	0.49x	0.45x	0.37x	0.56x	0.70x	0.41x	0.47x	0.48x	0.70x	0.63x
Interest Coverage	-2.54x	0.66x	0.27x	-12.66x	0.32x	5.40x	-1.84x	-1.80x	-0.57x	0.86x
FCF Conversion	-3.12x	-6.39x	85.33x	-0.23x	0.13x	2.28x	-0.00x	-0.76x	-0.96x	-7.71x
Revenue Growth	20.91%	23.95%	0.05%	-9.97%	35.99%	0.22%	-15.29%	24.44%	-4.88%	11.89%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Marine	-	-	-	-	-	-	263.92M	339.21M	395.92M	521.25M
Marine Growth	-	-	-	-	-	-	-	28.53%	16.72%	31.66%
Concrete	-	-	-	-	-	-	337.44M	409.11M	315.86M	275.14M
Concrete Growth	-	-	-	-	-	-	-	21.24%	-22.79%	-12.89%
Heavy Civil Marine Construction	347.12M	284.63M	285.74M	13.72M	369.14M	388.17M	-	-	-	-
Heavy Civil Marine Construction Growth	-	-18.00%	0.39%	-95.20%	2590.31%	5.16%	-	-	-	-
Commercial Concrete	119.38M	293.6M	292.82M	60.93M	339.25M	321.77M	-	-	-	-
Commercial Concrete Growth	-	145.94%	-0.27%	-79.19%	456.83%	-5.15%	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Mexico and the Caribbean	18.9M	7.4M	9.4M	12.2M	-	-	-	-	-	-
Mexico and the Caribbean Growth	-	-60.85%	27.03%	29.79%	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Orion Group Holdings, Inc. (ORN) reported $835.9M in revenue for fiscal year 2024. This represents a 222% increase from $259.9M in 2011.

Orion Group Holdings, Inc. (ORN) grew revenue by 11.9% over the past year. This is steady growth.

Yes, Orion Group Holdings, Inc. (ORN) is profitable, generating $9.5M in net income for fiscal year 2024 (-0.2% net margin).

Dividend & Returns

Orion Group Holdings, Inc. (ORN) has a return on equity (ROE) of -1.2%. Negative ROE indicates the company is unprofitable.

Orion Group Holdings, Inc. (ORN) had negative free cash flow of $1.3M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Orion Group Holdings, Inc. (ORN) 10-Year Financial Performance & Capital Metrics

ORN • • Industrial / General

IndustrialsEngineering & ConstructionHeavy Civil ConstructionMarine & Water Infrastructure

Revenue $796M +11.9%
EBITDA $34M +98.8%
Net Income -$2M +90.8%
EPS (Diluted) -0.05 +91.4%
Gross Margin 11.45% +32.1%
EBITDA Margin 4.31% +77.7%
Operating Margin 1.45% +255.3%
Net Margin -0.21% +91.8%
ROE -1.21% +91.2%
ROIC 4.4% +266.6%
Debt/Equity 0.63 -10.9%
Interest Coverage 0.86 +251.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.9x turnover

✗Weaknesses

✗Negative free cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.52%

5Y2.37%

3Y9.82%

TTM7.02%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM174.29%

EPS CAGR

10Y-

5Y-

3Y-

TTM157.78%

ROCE

10Y Avg-3.32%

5Y Avg0.85%

3Y Avg-0.82%

Latest5.39%

Peer Comparison

Marine & Water Infrastructure

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
GLDDGreat Lakes Dredge & Dock Corporation	1.05B	15.44	18.38	29.35%	9.65%	16.04%	1.23
MGNMegan Holdings Limited Ordinary Shares	28.36M	1.75	3.71	17.88%	9.72%	32.34%	0.01
SHIMShimmick Corporation Common Stock	131.08M	3.66	-0.89	-24.11%	-12.33%	-6.97%
SLNDSouthland Holdings, Inc.	177.49M	3.28	-1.50	-15.53%	-10.08%	-107.82%	1.83
ORNOrion Group Holdings, Inc.	447.69M	11.22	-237.21	11.89%	1.13%	6.01%	0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	466.5M	578.24M	578.55M	520.89M	708.39M	709.94M	601.36M	748.32M	711.78M	796.39M
Revenue Growth %	0.21%	0.24%	0%	-0.1%	0.36%	0%	-0.15%	0.24%	-0.05%	0.12%
Cost of Goods Sold+	426.32M	510.75M	511.66M	499.25M	644.35M	625.24M	560.39M	697.58M	650.12M	705.23M
COGS % of Revenue	0.91%	0.88%	0.88%	0.96%	0.91%	0.88%	0.93%	0.93%	0.91%	0.89%
Gross Profit+	40.18M	67.48M	62.24M	16.78M	64.04M	84.7M	40.97M	50.74M	61.66M	91.16M
Gross Margin %	0.09%	0.12%	0.11%	0.03%	0.09%	0.12%	0.07%	0.07%	0.09%	0.11%
Gross Profit Growth %	-0.1%	0.68%	-0.08%	-0.73%	2.82%	0.32%	-0.52%	0.24%	0.22%	0.48%
Operating Expenses+	48.18M	63.41M	60.7M	117.32M	61.85M	58.12M	50.28M	58.77M	68.29M	79.64M
OpEx % of Revenue	0.1%	0.11%	0.1%	0.23%	0.09%	0.08%	0.08%	0.08%	0.1%	0.1%
Selling, General & Admin	47.72M	64.99M	66.03M	61.46M	61.01M	65.09M	60.18M	62.5M	69.43M	82.54M
SG&A % of Revenue	0.1%	0.11%	0.11%	0.12%	0.09%	0.09%	0.1%	0.08%	0.1%	0.1%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	466K	-1.58M	4.06M	64.12M	836K	-6.97M	-9.9M	-3.73M	-1.14M	-2.9M
Operating Income+	-8M	4.07M	1.54M	-100.54M	2.19M	26.59M	-9.32M	-8.03M	-6.63M	11.52M
Operating Margin %	-0.02%	0.01%	0%	-0.19%	0%	0.04%	-0.02%	-0.01%	-0.01%	0.01%
Operating Income Growth %	-1.78%	1.51%	-0.62%	-66.37%	1.02%	11.12%	-1.35%	0.14%	0.17%	2.74%
EBITDA+	20.08M	38.24M	31.03M	-68.74M	30.6M	53.8M	16.11M	16.03M	17.25M	34.29M
EBITDA Margin %	0.04%	0.07%	0.05%	-0.13%	0.04%	0.08%	0.03%	0.02%	0.02%	0.04%
EBITDA Growth %	-0.4%	0.9%	-0.19%	-3.22%	1.45%	0.76%	-0.7%	-0.01%	0.08%	0.99%
D&A (Non-Cash Add-back)	28.08M	34.16M	29.49M	31.8M	28.41M	27.22M	25.43M	24.06M	23.88M	22.77M
EBIT	-7.53M	2.5M	864K	-39.81M	389K	17.54M	-20.73M	-13M	-8.2M	8.62M
Net Interest Income+	-3.12M	-6.17M	-5.72M	-7.81M	-6.46M	-4.74M	-4.94M	-4.35M	-11.56M	-13.17M
Interest Income	32K	3K	11K	136K	353K	183K	136K	104K	103K	207K
Interest Expense	3.15M	6.17M	5.73M	7.94M	6.81M	4.92M	5.08M	4.46M	11.66M	13.38M
Other Income/Expense	-2.58M	-6.11M	-5.68M	-6.12M	-5.68M	-4.39M	-4.74M	-4.15M	-10.91M	-12.82M
Pretax Income+	-10.58M	-2.04M	-4.14M	-106.66M	-3.49M	22.2M	-14.06M	-12.18M	-17.55M	-1.3M
Pretax Margin %	-0.02%	-0%	-0.01%	-0.2%	-0%	0.03%	-0.02%	-0.02%	-0.02%	-0%
Income Tax+	-2.52M	1.58M	-4.54M	-12.23M	1.87M	1.98M	502K	429K	330K	348K
Effective Tax Rate %	0.76%	1.78%	-0.1%	0.89%	1.54%	0.91%	1.04%	1.04%	1.02%	1.27%
Net Income+	-8.06M	-3.62M	400K	-94.42M	-5.36M	20.22M	-14.56M	-12.61M	-17.88M	-1.64M
Net Margin %	-0.02%	-0.01%	0%	-0.18%	-0.01%	0.03%	-0.02%	-0.02%	-0.03%	-0%
Net Income Growth %	-2.17%	0.55%	1.11%	-237.06%	0.94%	4.77%	-1.72%	0.13%	-0.42%	0.91%
Net Income (Continuing)	-8.06M	-3.62M	400K	-94.42M	-5.36M	20.22M	-14.56M	-12.61M	-17.88M	-1.64M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.29	-0.13	0.01	-3.31	-0.18	0.67	-0.47	-0.40	-0.55	-0.05
EPS Growth %	-2.16%	0.55%	1.08%	-332%	0.95%	4.72%	-1.7%	0.15%	-0.38%	0.91%
EPS (Basic)	-0.29	-0.13	0.01	-3.31	-0.18	0.67	-0.47	-0.40	-0.55	-0.05
Diluted Shares Outstanding	27.37M	27.54M	28.35M	28.52M	29.32M	30.12M	30.76M	31.4M	32.35M	34.78M
Basic Shares Outstanding	27.37M	27.54M	28.03M	28.52M	29.32M	30.12M	30.76M	31.4M	32.35M	34.78M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	193.12M	195.11M	191.79M	137.06M	211.97M	235.4M	197.93M	220.34M	271.82M	269.33M
Cash & Short-Term Investments	1.34M	305K	9.09M	8.68M	1.09M	1.59M	12.29M	3.78M	30.94M	28.32M
Cash Only	1.34M	305K	9.09M	8.68M	1.09M	1.59M	12.29M	3.78M	30.94M	28.32M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	172.79M	177.14M	174.19M	122.32M	204.92M	225.84M	176.87M	205.46M	229.28M	229.95M
Days Sales Outstanding	135.2	111.81	109.9	85.71	105.58	116.11	107.35	100.22	117.58	105.39
Inventory	4.87M	5.39M	4.39M	1.06M	1.11M	1.55M	1.43M	2.86M	2.7M	1.97M
Days Inventory Outstanding	4.17	3.85	3.13	0.77	0.63	0.9	0.93	1.5	1.52	1.02
Other Current Assets	14.88M	13.15M	4.04M	0	4.85M	6.43M	7.34M	8.23M	8.89M	9.08M
Total Non-Current Assets+	272.38M	252.57M	241.5M	175.81M	182.88M	178.79M	153.82M	146.82M	145.08M	147.99M
Property, Plant & Equipment	165.99M	158.08M	146.28M	148M	158.24M	157.23M	135.9M	131.79M	137.13M	139M
Fixed Asset Turnover	2.81x	3.66x	3.96x	3.52x	4.48x	4.52x	4.42x	5.68x	5.19x	5.73x
Goodwill	65.98M	66.35M	69.48M	0	0	0	0	0	0	0
Intangible Assets	29.32M	22.03M	18.18M	14.79M	12.15M	10.08M	8.56M	7.32M	0	0
Long-Term Investments	222K	733K	-8.42M	-49K	2.5M	1.8M	1.1M	0	0	0
Other Non-Current Assets	11.09M	6.1M	7.56M	13.02M	9.91M	9.61M	8.22M	7.64M	7.92M	8.97M
Total Assets+	465.5M	447.68M	433.29M	312.87M	394.84M	414.19M	351.75M	367.15M	416.89M	417.32M
Asset Turnover	1.00x	1.29x	1.34x	1.66x	1.79x	1.71x	1.71x	2.04x	1.71x	1.91x
Asset Growth %	0.32%	-0.04%	-0.03%	-0.28%	0.26%	0.05%	-0.15%	0.04%	0.14%	0%
Total Current Liabilities+	118.3M	117.52M	121.99M	86.31M	149.75M	180.61M	161.74M	189.24M	215.92M	191.17M
Accounts Payable	54.39M	50.02M	47.18M	42.76M	70.98M	48.97M	49.14M	88.8M	82.82M	98.45M
Days Payables Outstanding	46.57	35.74	33.66	31.26	40.21	28.59	32.01	46.47	46.5	50.95
Short-Term Debt	12M	19.19M	22.76M	2.95M	11.5M	13.23M	46.4M	43.73M	13.45M	18.55M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	9.29M	5.79M	5.89M	18.61M	9.64M	69.57M	28.71M	10.86M	67.81M	-18.13M
Current Ratio	1.63x	1.66x	1.57x	1.59x	1.42x	1.30x	1.22x	1.16x	1.26x	1.41x
Quick Ratio	1.59x	1.61x	1.54x	1.58x	1.41x	1.29x	1.21x	1.15x	1.25x	1.40x
Cash Conversion Cycle	92.8	79.93	79.37	55.22	66.01	88.43	76.28	55.25	72.59	55.46
Total Non-Current Liabilities+	119.49M	103.95M	80.03M	84.98M	107.07M	74.08M	41.91M	40.12M	79.5M	75.47M
Long-Term Debt	94.75M	82.08M	63.19M	76.12M	68.03M	29.52M	259K	716K	23.74M	22.75M
Capital Lease Obligations	0	0	0	5.19M	17.36M	22.91M	22.55M	22.12M	30.38M	32.18M
Deferred Tax Liabilities	19.34M	19M	13.24M	49K	205K	207K	169K	211K	64K	28K
Other Non-Current Liabilities	5.4M	2.88M	3.6M	3.62M	4.03M	4.42M	2.76M	277K	25.32M	20.5M
Total Liabilities	237.79M	221.47M	202.02M	171.28M	256.82M	254.69M	203.65M	229.35M	295.42M	266.64M
Total Debt+	110.65M	101.27M	85.94M	79.06M	96.88M	65.67M	69.21M	66.56M	85.49M	94.46M
Net Debt	109.3M	100.96M	76.86M	70.38M	95.8M	64.08M	56.91M	62.78M	54.55M	66.15M
Debt / Equity	0.49x	0.45x	0.37x	0.56x	0.70x	0.41x	0.47x	0.48x	0.70x	0.63x
Debt / EBITDA	5.51x	2.65x	2.77x	-	3.17x	1.22x	4.30x	4.15x	4.96x	2.76x
Net Debt / EBITDA	5.44x	2.64x	2.48x	-	3.13x	1.19x	3.53x	3.92x	3.16x	1.93x
Interest Coverage	-2.54x	0.66x	0.27x	-12.66x	0.32x	5.40x	-1.84x	-1.80x	-0.57x	0.86x
Total Equity+	227.71M	226.2M	231.27M	141.59M	138.02M	159.49M	148.1M	137.8M	121.47M	150.68M
Equity Growth %	-0.04%	-0.01%	0.02%	-0.39%	-0.03%	0.16%	-0.07%	-0.07%	-0.12%	0.24%
Book Value per Share	8.32	8.21	8.16	4.96	4.71	5.29	4.81	4.39	3.76	4.33
Total Shareholders' Equity	227.71M	226.2M	231.27M	141.59M	138.02M	159.49M	148.1M	137.8M	121.47M	150.68M
Common Stock	279K	283K	288K	296K	303K	312K	317K	328K	333K	397K
Retained Earnings	65.38M	61.76M	62.85M	-31.86M	-37.22M	-17M	-31.56M	-44.17M	-62.05M	-63.69M
Treasury Stock	-6.54M	-6.54M	-6.54M	-6.54M	-6.54M	-6.54M	-6.54M	-6.54M	-6.54M	-6.54M
Accumulated OCI	-145K	-382K	-26K	-52K	-1.04M	-1.6M	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	25.18M	23.15M	34.13M	21.93M	-716K	46.03M	69K	9.56M	17.18M	12.68M
Operating CF Margin %	0.05%	0.04%	0.06%	0.04%	-0%	0.06%	0%	0.01%	0.02%	0.02%
Operating CF Growth %	1.11%	-0.08%	0.47%	-0.36%	-1.03%	65.29%	-1%	137.62%	0.8%	-0.26%
Net Income	-8.06M	-3.62M	400K	-94.42M	-5.36M	20.22M	-14.56M	-12.61M	-17.88M	-1.64M
Depreciation & Amortization	28.08M	34.16M	29.49M	31.8M	33.59M	33.09M	30.53M	28.87M	30.64M	32.73M
Stock-Based Compensation	2.27M	2.28M	2.3M	2.24M	2.75M	2M	2.4M	2.75M	2.04M	4.01M
Deferred Taxes	-2.88M	751K	-4.17M	-13.19M	71K	17K	-9K	13K	-103K	-27K
Other Non-Cash Items	950K	-354K	595K	67.9M	-952K	-8.77M	-10.2M	-4.22M	61K	-689K
Working Capital Changes	4.82M	-10.07M	5.51M	27.61M	-30.81M	-526K	-8.1M	-5.24M	2.41M	-21.7M
Change in Receivables	-2.67M	-23.93M	15.02M	10.94M	-84.38M	33.25M	8.46M	-44.03M	-23.71M	-850K
Change in Inventory	1.15M	1.7M	89K	647K	503K	148K	371K	-1.49M	-729K	-554K
Change in Payables	12.24M	-5.72M	-5.67M	-4.58M	28.89M	-22.02M	589K	39.37M	-4.51M	16.02M
Cash from Investing+	-128.79M	-17.69M	-10.08M	-13.3M	-13.33M	-3.13M	10.63M	-9.7M	2.17M	-11.48M
Capital Expenditures	-20.8M	-18.71M	-10.73M	-17.71M	-17.2M	-14.69M	-16.98M	-14.58M	-8.91M	-14.09M
CapEx % of Revenue	0.04%	0.03%	0.02%	0.03%	0.02%	0.02%	0.03%	0.02%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.71M	1.4M	7.21M	4.32M	3.87M	11.56M	27.6M	4.88M	11.08M	2.61M
Cash from Financing+	66.07M	-6.5M	-15.27M	-9.03M	6.45M	-42.4M	6K	-8.37M	7.81M	-3.82M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-4.47M	67K	541K	1.95M	-1.65M	-577K	-839K	-1.1M	-7.03M	25K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	4.38M	4.43M	23.4M	4.22M	-17.91M	31.34M	-16.91M	-5.02M	8.27M	-1.42M
FCF Margin %	0.01%	0.01%	0.04%	0.01%	-0.03%	0.04%	-0.03%	-0.01%	0.01%	-0%
FCF Growth %	1.14%	0.01%	4.28%	-0.82%	-5.25%	2.75%	-1.54%	0.7%	2.65%	-1.17%
FCF per Share	0.16	0.16	0.83	0.15	-0.61	1.04	-0.55	-0.16	0.26	-0.04
FCF Conversion (FCF/Net Income)	-3.12x	-6.39x	85.33x	-0.23x	0.13x	2.28x	-0.00x	-0.76x	-0.96x	-7.71x
Interest Paid	3.06M	5.03M	4.41M	4.82M	6.31M	3.19M	2.42M	2.92M	12.08M	11.5M
Taxes Paid	584K	999K	1.01M	903K	578K	2.17M	568K	533K	618K	797K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-3.47%	-1.59%	0.17%	-50.65%	-3.83%	13.59%	-9.47%	-8.82%	-13.79%	-1.21%
Return on Invested Capital (ROIC)	-2.1%	0.92%	0.36%	-29%	0.74%	8.72%	-3.26%	-2.97%	-2.64%	4.4%
Gross Margin	8.61%	11.67%	10.76%	3.22%	9.04%	11.93%	6.81%	6.78%	8.66%	11.45%
Net Margin	-1.73%	-0.63%	0.07%	-18.13%	-0.76%	2.85%	-2.42%	-1.69%	-2.51%	-0.21%
Debt / Equity	0.49x	0.45x	0.37x	0.56x	0.70x	0.41x	0.47x	0.48x	0.70x	0.63x
Interest Coverage	-2.54x	0.66x	0.27x	-12.66x	0.32x	5.40x	-1.84x	-1.80x	-0.57x	0.86x
FCF Conversion	-3.12x	-6.39x	85.33x	-0.23x	0.13x	2.28x	-0.00x	-0.76x	-0.96x	-7.71x
Revenue Growth	20.91%	23.95%	0.05%	-9.97%	35.99%	0.22%	-15.29%	24.44%	-4.88%	11.89%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Marine	-	-	-	-	-	-	263.92M	339.21M	395.92M	521.25M
Marine Growth	-	-	-	-	-	-	-	28.53%	16.72%	31.66%
Concrete	-	-	-	-	-	-	337.44M	409.11M	315.86M	275.14M
Concrete Growth	-	-	-	-	-	-	-	21.24%	-22.79%	-12.89%
Heavy Civil Marine Construction	347.12M	284.63M	285.74M	13.72M	369.14M	388.17M	-	-	-	-
Heavy Civil Marine Construction Growth	-	-18.00%	0.39%	-95.20%	2590.31%	5.16%	-	-	-	-
Commercial Concrete	119.38M	293.6M	292.82M	60.93M	339.25M	321.77M	-	-	-	-
Commercial Concrete Growth	-	145.94%	-0.27%	-79.19%	456.83%	-5.15%	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Mexico and the Caribbean	18.9M	7.4M	9.4M	12.2M	-	-	-	-	-	-
Mexico and the Caribbean Growth	-	-60.85%	27.03%	29.79%	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Orion Group Holdings, Inc. (ORN) reported $835.9M in revenue for fiscal year 2024. This represents a 222% increase from $259.9M in 2011.

Orion Group Holdings, Inc. (ORN) grew revenue by 11.9% over the past year. This is steady growth.

Yes, Orion Group Holdings, Inc. (ORN) is profitable, generating $9.5M in net income for fiscal year 2024 (-0.2% net margin).

Dividend & Returns

Orion Group Holdings, Inc. (ORN) has a return on equity (ROE) of -1.2%. Negative ROE indicates the company is unprofitable.

Orion Group Holdings, Inc. (ORN) had negative free cash flow of $1.3M in fiscal year 2024, likely due to heavy capital investments.