Filing Flows › Orion Group Holdings (ORN) › Q3 2026 › vs Q3 2025
Orion Group Holdings (ORN) Q3 2026 vs Q3 2025 (year over year)
Orion Group Holdings's revenue rose $31.1M (+14%) from $225M in Q3 2025 to $256M in Q3 2026. The biggest changes: Marine Segment +$18.2M (+13%); Concrete Segment +$12.8M (+16%). Gross margin 12.9% against 13.2% (-0.3 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 12.9% | 13.2% | -0.3 pts |
| Operating margin | 3.3% | 2.4% | +1.0 pts |
| Net margin | 2.1% | 1.5% | +0.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Marine Segment | $161M | $143M | $18.2M | +13% |
| Concrete Segment | $95.0M | $82.2M | $12.8M | +16% |
| Revenue | $256M | $225M | $31.1M | +14% |
| Gross profit | $33.1M | $29.8M | $3.4M | +11% |
| Cost of revenue | $223M | $195M | $27.7M | +14% |
| Operating profit | $8.5M | $5.3M | $3.2M | +60% |
| Operating expenses | $24.6M | $24.4M | $188K | +0.8% |
| Pre-tax earnings | $5.9M | $3.6M | $2.2M | +62% |
| Other expense, net | $2.7M | $1.7M | $957K | +56% |
| Net earnings | $5.5M | $3.3M | $2.2M | +66% |
| Income tax | $388K | $317K | $71K | +22% |
| Operating cash sources | $13.0M | $8.4M | $4.6M | +54% |
| Depreciation & amortization | $5.5M | $3.8M | $1.7M | +45% |
| Share-based compensation | $2.1M | $1.4M | $718K | +52% |
| Working capital & other | $11.1M | −$14.8M | $25.9M | — |
| Operating cash flow | $2.0M | $23.3M | −$21.3M | -92% |
| Capital expenditures | $8.0M | $9.3M | −$1.3M | -14% |
| Negative free cash flow (OCF − capex) | $6.0M | −$13.9M | $19.9M | — |
Questions
How much did Orion Group Holdings's revenue grow year over year in Q3 2026?
Orion Group Holdings's revenue rose $31.1M (+14%) from $225M in Q3 2025 to $256M in Q3 2026.
What drove Orion Group Holdings's revenue change in Q3 2026?
Marine Segment +$18.2M (+13%); Concrete Segment +$12.8M (+16%).