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Orion Group Holdings Inc

Orion Group Holdings Inc

ORN
$9.36USD↑+3.31%+0.30 today

MARKET CAP

379.0M

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$9 – $9

52W RANGE

$7
$17

AI Summary

Stalk
Sell NowMedium

ORN is in Stage 3 distribution, with the uptrend ladder broken and short-term EMAs now acting as resistance. The medium-term bias is bearish given failed rally attempts into the 9/21 EMA zone and emerging lower highs. Short-term conditions favor further downside continuation as price trades below all EMAs and the 50DMA with no exhaustion visible. Execution should target sell-side interaction on rallies into the EMA resistance zone around mid-13s to mid-14s. Key risks include potential demand absorption at the 50DMA and near-oversold RSI bounces.

  • ↑Q2 revenue rose 8% YoY to $222M; 90% of marine work under contract.
  • ↑Backlog reached $722M with $275M in Q2 bookings, supporting $900–950M 2026 guidance.
  • ↓Negative earnings yield points to potential overvaluation risk.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Orion Group Holdings, Inc. (NYSE: ORN) is a leading player in the specialty construction industry, primarily focusing on marine and heavy civil infrastructure projects that support sectors such as defense, transportation, and energy. The company is poised to benefit from a favorable market positioning amidst heightened public and private capital expenditures on infrastructure investments. As the U.S. ramps up focus on national security, Orion stands to capitalize on emerging projects critical for enhancing economic competitiveness and defense capabilities, particularly in an anticipated marine infrastructure investment mega cycle.

Bull says

  • ↑Q2 revenue rose 8% YoY to $222M; 90% of marine work under contract.
  • ↑Backlog reached $722M with $275M in Q2 bookings, supporting $900–950M 2026 guidance.
  • ↑Data-center projects drive 50% of concrete segment revenues amid rising capex.
  • ↑Strong profitability and steady FCF underscore financial stability and growth capacity.
  • ↑Positioned for a marine infrastructure mega-cycle fueled by increased defense spending.
  • ↑Robust price momentum and manageable debt levels may attract further investor interest.

Bear says

  • ↓Negative earnings yield points to potential overvaluation risk.
  • ↓Q2 GAAP loss widened to $4.1M; adj. EBITDA fell to $7.9M from $11M.
  • ↓Elevated stock volatility and competitive pressure in the data-center segment.
  • ↓Dependence on federal budgets risks project delays from shifting political priorities.
  • ↓High short interest and negative dividend yield reflect deep investor skepticism.
  • ↓Small market cap may expose Orion to larger competitors in civil infrastructure.

Earnings Call · Q2 2025 · Mgmt. Guidance

Updated 08-02-2026bullish

Transcript signals

Bull points

  • We've delivered another strong performance in the second quarter, with revenue increasing 7% to $205 million and adjusted EBITDA doubling to $11 million from the second quarter last year.
  • Our opportunity pipeline also grew from $16 billion last quarter to $18 billion today, fueled by diverse growth drivers with multiple sources of public and private funding, which gives us continued confidence in our plans for growth.
  • Overall, we are encouraged by the breadth and quality of the prospects ahead and will continue to see momentum remain strong.

Bear points

  • delays on decisions for four large pursuits, which slid out of the second quarter, reflecting potential challenges in securing new projects.
  • Thank you, operator, and thank you all for joining us today to discuss Orion Group Holdings Second Quarter 2025 Financial Results.
Read full transcript analysis ›