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How Orion Group Holdings (ORN) makes money
Orion Group Holdings (ORN) made $256M of revenue in the third quarter 2026 (Q3 2026), +14% from a year earlier. Marine Segment brought in $161M (63%); Concrete Segment brought in $95.0M (37%). Of every dollar of revenue, 13¢ was left as gross profit, 3¢ was left as operating profit, 2¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Marine Segment | $161M | 62.9% | +23% | +13% |
| Concrete Segment | $95.0M | 37.1% | +4% | +16% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $256M | 100.0% |
| Cost of revenue | $223M | 87.1% |
| Gross profit | $33.1M | 12.9% |
| Operating expenses | $24.6M | 9.6% |
| Operating profit | $8.5M | 3.3% |
| Income tax | $388K | 0.2% |
| Net earnings | $5.5M | 2.1% |
| Operating cash flow | $2.0M | 0.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $256M | +14% |
| Q2 2026 | $222M | +8% |
| Q1 2026 | $216M | +15% |
| Q4 2025 | $233M | +8% |
| Q3 2025 | $225M | -0.7% |
| Q2 2025 | $205M | +7% |
| Q1 2025 | $189M | +17% |
From Orion Group Holdings' 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does Orion Group Holdings make money?
Orion Group Holdings (ORN) made $256M of revenue in the third quarter 2026 (Q3 2026), +14% from a year earlier. Marine Segment brought in $161M (63%); Concrete Segment brought in $95.0M (37%). Of every dollar of revenue, 13¢ was left as gross profit, 3¢ was left as operating profit, 2¢ was left as net earnings.
What is Orion Group Holdings' biggest business?
Marine Segment: $161M in the third quarter 2026, 63% of revenue, +13% from a year earlier.
What is Orion Group Holdings' profit margin?
Net earnings were $5.5M, 2.1% of revenue, in the third quarter 2026; the operating margin was 3.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.