Orion Group Holdings Inc
$7.57
−0.08 (−1.05%) · delayed · Nov 13, 2026
Five-year price
52w $6.75 to $17.40
- Market cap
- $308M
- Enterprise value
- $314M
- P/E
- 126.2×
- EV / EBIT
- 21.5×
- FCF yield
- −3.5%
- ROIC
- 7.6%
- Debt / equity
- 0.05
- Piotroski F
- 7/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
33
- ○ROIC > 12% (5y avg)5y avg ROIC 0.4%
- ○ROE > 15% (5y avg)5y avg ROE -6.6%
- ●Stable operating marginsMargin volatility 1.4% (σ, 5y)
- ○Earnings convert to cashFCF / net income -434% (5y avg)
- ●Growing revenueRevenue CAGR 5y 3.7%
- ○Shrinking share countDiluted shares 31.6% over 5y
Value
20
- ○P/E below 15P/E 126.2
- ○EV/EBIT below 12EV/EBIT 21.5
- ○FCF yield above 6%FCF yield -3.5%
- ○Price below Graham NumberGraham Number $2.30
- ●P/B below 3P/B 1.9
Safety
60
- ●Debt / equity below 0.5D/E 0.05
- ●Debt payable in < 4 yrs of earningsNet debt $0.0B
- ○Interest coverage > 8xCoverage 1.6x
- ○Current ratio > 1.5Current ratio 1.36
- ●Piotroski F-score ≥ 6F-score 7/9
Graham Defensive
0
- ○Adequate size (revenue > $2B)Revenue $0.9B
- ○Strong condition (current ratio ≥ 2)Current ratio 1.36
- ○Earnings stability (no loss, 10y)9 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- –Earnings growth ≥ 33% (10y, 3y avgs)n/a
- –Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) n/a
- –P/E × P/B ≤ 22.5Product n/a
Valuation lab
What do you have to believe?
A cash-flow valuation isn’t meaningful here: free cash flow is negative or not reported (common for banks, insurers and early-stage companies). Use book value and earnings power instead.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 579 | 521 | 708 | 710 | 601 | 748 | 712 | 796 | 852 |
| Gross profit | 62 | 17 | 64 | 85 | 41 | 51 | 62 | 91 | 106 |
| Operating income | 2 | (101) | 2 | 27 | (9) | (8) | (7) | 12 | 15 |
| Operating margin | 0.3% | -19.3% | 0.3% | 3.7% | -1.5% | -1.1% | -0.9% | 1.4% | 1.7% |
| Pre-tax income | (4) | (107) | (3) | 22 | (14) | (12) | (18) | (1) | 3 |
| Income tax | (5) | (12) | 2 | 2 | 1 | 0 | 0 | 0 | 0 |
| Net income | 0 | (94) | (5) | 20 | (15) | (13) | (18) | (2) | 2 |
| EPS (diluted) | 0.01 | -3.31 | -0.18 | 0.67 | -0.47 | -0.40 | -0.55 | -0.05 | 0.06 |
| Diluted shares | 28 | 29 | 29 | 30 | 31 | 31 | 32 | 35 | 40 |
Who owns it