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Orion Group Holdings ORN Q2 2026 earnings

Reported July 28, 2026 · After market close

Revenue$221.9MMiss by $3.8M
EPS$0.02Miss by $0.04
Revenue estimate$225.7M
EPS estimate$0.06
In the quarter, Orion delivered solid year-over-year revenue growth and project bookings, reflecting favorable demand in our end markets. Our confidence in the long-term opportunities across our Marine and Concrete businesses remains robust, and our pipeline of opportunities has grown to approximately $27 billion. Recent awards across both of our businesses reinforce our competitive position in attractive end markets, spanning defense infrastructure, port and transportation infrastructure, data centers, healthcare and advanced manufacturing. With a growing opportunity pipeline, expanded capabilities, and an outstanding team delivering projects that matter, our conviction in Orion's long-term growth trajectory is strong
Travis Boone

Next report

Oct 27, 2026 (in a month)
Revenue estimate$246.0M
EPS estimate$0.10

Financials

Q2 2026

Income statement

See full
Revenue$221.9M+8.1%
Gross profit$22.9M-11.1%
Operating income-$1.3M-138%
Net income-$4.1M-593%
EPS (diluted)-$0.10-600%

Balance sheet

See full
Cash & equivalents$2.5M+45.9%
Total debt$148.8M+89.1%
Total assets$496.2M+14.7%

Cash flow

See full
Operating cash flow-$17.6M-217%
CapEx$11.5M+61.7%
Free cash flow-$29.2M-130%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$369.32M+18.1%
Enterprise value$515.57M+32.3%
P/E96.1×
P/S0.4×0.0×

Profitability

See full
Gross margin11.8%-0.9pp
Operating margin0.9%-1.7pp
Net margin0.4%

Returns & leverage

See full
Current ratio1.5×+0.1×

Segments

By product

See full
Construction$109.9M-4.3%
Light Commercial$84.4M+47.0%
Dredging$16.6M-6.0%
Structural$6.7M-47.0%
Specialty Services$4.3M+56.3%

By segment

See full
Heavy Civil Marine Construction$130.8M-3.3%
Commercial Concrete$91.0M+30.1%

FAQ

When did Orion Group Holdings report Q2 2026 earnings?
Orion Group Holdings (ORN) reported Q2 2026 earnings on July 28, 2026 after market close.
What were Orion Group Holdings's Q2 2026 revenue and EPS?
Orion Group Holdings reported revenue of $221.9M and eps of $0.02 for Q2 2026.
Did Orion Group Holdings beat estimates in Q2 2026?
Revenue missed the consensus estimate of $225.7M by $3.8M. EPS missed the consensus estimate of $0.06 by $0.04.
How did Orion Group Holdings's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.1% from $205.3M a year earlier and eps declined 71.4% from $0.07.
Where can I find Orion Group Holdings's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001402829-26-000044) and the 10-Q periodic report (0001402829-26-000046) directly on SEC EDGAR. The filing index links above go to sec.gov.