Research Reports

Summary

Orion Group Holdings, Inc. furnished an investor presentation for the fourth quarter and full year 2025, reporting record revenue of $852 million and Adjusted EBITDA of $45 million. The company also announced the acquisition of J.E. McAmis, which closed on February 3, 2026, and provided fiscal 2026 revenue guidance of $900M-$950M.

Key takeaways

Full year 2025 Revenue was $852 million with Adjusted EBITDA of $45 million.
Total Backlog as of December 31, 2025 was $640 million.
Acquisition of J.E. McAmis closed on February 3, 2026 for $60 million plus contingent consideration.
Fiscal 2026 Guidance projects Revenue of $900M-$950M and Adjusted EBITDA of $54M-$58M.
The company reported a record $23B opportunity pipeline, with 76% in the public sector.
Marine segment 2025 Revenue was $545M (14.7% Adj. EBITDA Margin); Concrete segment Revenue was $307M (4% Adj. EBITDA Margin).