Orion Group HoldingsORN +2.63%62 Gross Margin % is 11.96% as of Mar. 2026, which is 21% above its 10-year median of 9.90. GuruFocus rates ORN with a GF Score™ of 62/100 and a GF Value™ of $7.62 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,723 Construction companies, Orion Group Holdings ranks worse than 73.3% on this metric.
ORN's Gross Margin % is ranked worse than 73.3% of 1723
companies
in the Construction industry
Industry Median: 20.7
vs ORN: 12.33
Orion Group Holdings had a gross margin of 11.96% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Orion Group Holdings was 5.90% per year.
Orion Group Holdings (NYSE:ORN) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Orion Group Holdings had a gross margin of 11.96% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Orion Group Holdings Gross Margin % Related Terms
Orion Group Holdings Gross Margin % Historical Data
* Premium members only.
The historical data trend for Orion Group Holdings's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ORN vs BWMN, MCDIF, BBCP: Gross Margin % Comparison
For the Engineering & Construction subindustry, Orion Group Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Orion Group Holdings Gross Margin % vs Construction Industry
For the Construction industry and Industrials sector, Orion Group Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Orion Group Holdings's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Orion Group Holdings (ORN) has a Gross Margin % of 11.96% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Orion Group Holdings and its competitors. This is 21% above median its historical median of 9.90. Over the past decade, Orion Group Holdings' Gross Margin % has ranged from 3.22 to 12.39. According to the industry distribution chart, Orion Group Holdings ranks #1263 out of 1723 companies in the Construction industry, placing it in the top 73.3%.
Is Orion Group Holdings' Gross Margin % too high?
Orion Group Holdings' current Gross Margin % of 11.96% is 21% above median its 10-year median of 9.90. Over the past 10 years, this metric has ranged from a low of 3.22 to a high of 12.39. The Construction industry median Gross Margin % is 20.70. Orion Group Holdings' value of 11.96% is 42.2% below this industry median. Based on the distribution chart, Orion Group Holdings ranks #1263 out of 1723 companies in the Construction industry, which is below the industry midpoint. Overall, Orion Group Holdings has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Orion Group Holdings' Gross Margin % compare to BWMN and MCDIF?
According to the Construction industry distribution chart, Orion Group Holdings ranks #1263 out of 1723 companies for Gross Margin %. This places Orion Group Holdings in the lower half of its industry. The industry median Gross Margin % is 20.70. Orion Group Holdings' value of 11.96% is 42.2% below this benchmark. Historically, Orion Group Holdings' own Gross Margin % has ranged from 3.22 to 12.39 over the past decade. While the company's 10-year median is 9.90 vs. the industry median of 20.70, Orion Group Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Construction company?
The median Gross Margin % among Construction companies is 20.70, based on 1,723 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Orion Group Holdings's current Gross Margin % of 11.96% is 42.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Orion Group Holdings and its competitors. For the Construction industry, the median Gross Margin % is 20.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orion Group Holdings's current Gross Margin % is 11.96%, which is 21% above median its own 10-year median of 9.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orion Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Orion Group Holdings (ORN) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.62, compared to a current price of $15.97 — trading 109.6% above its estimated fair value. The current Gross Margin % is 11.96%, which is 21% above median its 10-year median of 9.90 and 42.2% below the Construction industry median of 20.70. Orion Group Holdings' overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Orion Group Holdings (ORN), the current Gross Margin % is 11.96% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Orion Group Holdings (ORN) Overvalued in 2026?
Based on GuruFocus' analysis, Orion Group Holdings stock appears to be overvalued.
The current stock price of $15.97 is trading 109.6% above its estimated GF Value™ of $7.62.
GuruFocus considers Orion Group Holdings to be Significantly Overvalued.
Key valuation signals for ORN:
Gross Margin %: 11.96% (21% above median its 10-year median of 9.90)
GF Value™: $7.62 vs. price of $15.97 (109.6% above fair value)
Industry Position: 42.2% below the Construction median (#1263 of 1723)
No single metric tells the full story. See the ORN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Orion Group Holdings Inc is a specialty construction company serving the infrastructure, industrial, and building sectors, providing services both on and off the water in the continental United States, Alaska, Canada, and the Caribbean Basin through its marine segment and its concrete segment. Its marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. The concrete segment generates maximum revenue and provides construction services for commercial, industrial, multi-family residential, and public projects, including the data center market.
62GF Score
Get the complete analysis for ORN
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ORN has been successfully added to your 
