Filing Flows › Orion Group Holdings (ORN) › Q3 2026 › vs Q2 2026
Orion Group Holdings (ORN) Q3 2026 vs Q2 2026 (quarter over quarter)
Orion Group Holdings's revenue rose $34.3M (+15%) from $222M in Q2 2026 to $256M in Q3 2026. The biggest changes: Marine Segment +$30.4M (+23%); Concrete Segment +$3.9M (+4%). Gross margin 12.9% against 10.3% (+2.6 pts).
Orion Group Holdings, Q3 2026: revenue $256M (+14% year over year), operating margin 3.3%, net earnings $5.5M, operating cash flow $2.0M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 12.9% | 10.3% | +2.6 pts |
| Operating margin | 3.3% | -0.6% | +3.9 pts |
| Net margin | 2.1% | -1.9% | +4.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Marine Segment | $161M | $131M | $30.4M | +23% |
| Concrete Segment | $95.0M | $91.0M | $3.9M | +4% |
| Revenue | $256M | $222M | $34.3M | +15% |
| Gross profit | $33.1M | $22.9M | $10.2M | +45% |
| Cost of revenue | $223M | $199M | $24.1M | +12% |
| Operating profit | $8.5M | −$1.3M | $9.8M | — |
| Operating expenses | $24.6M | $24.2M | $377K | +2% |
| Pre-tax earnings | $5.9M | −$3.7M | $9.5M | — |
| Other expense, net | $2.7M | $2.4M | $304K | +13% |
| Net earnings | $5.5M | −$4.1M | $9.6M | — |
| Income tax | $388K | $474K | −$86K | -18% |
| Operating cash sources | $13.0M | $3.1M | $9.9M | +314% |
| Depreciation & amortization | $5.5M | $5.3M | $185K | +4% |
| Share-based compensation | $2.1M | $2.0M | $88K | +4% |
| Working capital & other | $11.1M | $20.8M | −$9.7M | -47% |
| Operating cash flow | $2.0M | −$17.6M | $19.6M | — |
| Capital expenditures | $8.0M | $11.5M | −$3.5M | -31% |
| Negative free cash flow (OCF − capex) | $6.0M | $29.2M | −$23.1M | -79% |
Questions
How much did Orion Group Holdings's revenue grow quarter over quarter in Q3 2026?
Orion Group Holdings's revenue rose $34.3M (+15%) from $222M in Q2 2026 to $256M in Q3 2026.
What drove Orion Group Holdings's revenue change in Q3 2026?
Marine Segment +$30.4M (+23%); Concrete Segment +$3.9M (+4%).