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Orion Group Holdings ORN Heavy Civil Marine Construction — Operating Income

Other segment segments

Commercial Concrete
$4.2M+250%

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Other financials

Income statement

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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

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

Cash flow

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

Valuation

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Market cap$417.51M+58.0%
Enterprise value$563.76M+65.2%
P/E108.6×
P/S0.5×+0.2×

Profitability

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Gross margin11.8%-0.9pp
Operating margin0.9%-1.7pp
Net margin0.4%
FCF margin-2.8%-0.5pp

Returns & leverage

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Return on equity-50.6%
Debt / equity0.6×
Current ratio1.5×+0.1×

Where this comes from

Reported directly by Orion Group Holdings in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Orion Group Holdings’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 2:41 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001402829-26-000046
Line itemMarineConcreteGeneral CorporateConsolidated
Gross profit15,1847,74322,927
Selling, general and administrative expenses7,6233,55713,21524,395
Gain on disposal of assets, net(140)(13)(153)
Operating income (loss)$7,701$4,199$(13,215)$(1,315)
Other income (expense):
Interest expense(2,505)
Other income149
Loss before income taxes(3,671)

Item 1. Financial Statements (Unaudited)

FAQ

What is Orion Group Holdings's heavy civil marine construction — operating income?
Orion Group Holdings (ORN) reported heavy civil marine construction — operating income of $7.7M in Q2 2026.
How has Orion Group Holdings's heavy civil marine construction — operating income changed year-over-year?
Orion Group Holdings's heavy civil marine construction — operating income increased by 23.6% year-over-year, from $6.23M to $7.7M.
What is the long-term trend for Orion Group Holdings's heavy civil marine construction — operating income?
Over 4 years (2021 to 2025), Orion Group Holdings's heavy civil marine construction — operating income has grown at a 50.9% compound annual growth rate (CAGR), from $5.76M to $29.86M.
What does heavy civil marine construction — operating income mean?
Measures the profitability of the marine construction segment after deducting both direct project costs and indirect operating expenses. It serves as the primary gauge of the segment's operational health and its ability to generate sustainable earnings from core business activities. This metric is vital for comparing the segment's performance against industry peers.

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