Orion Group Holdings, Inc. operates as a specialty construction company in the infrastructure, industrial, and building sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates through two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine …
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Competitive advantage assessment
Key strengths
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.73), demonstrating pricing resilience across cycles.
Strong Liquidity BufferLiquidity position is strong (score 0.60), providing operational cushion.
Key risks
Below-Peer Operating EfficiencyOperating margin at 31.1th percentile indicates below-peer efficiency.
Weak or Negative Cash FlowCash generation is weak (score 0.29), limiting financial flexibility.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Orion Group Holdings, Inc. ranks #31 of 49
scored companies in Engineering & Construction by moat score — the top 63%.
The widest moat in the group is Sterling Infrastructure, Inc. (STRL)
at 79/100.
Moat scores for companies ranked near ORN in Engineering & Construction
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 35
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 38
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 36
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 50
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 46
· 15% of the moat score
Scale matters only when it converts into economics.
Orion Group Holdings, Inc. (ORN) scores 42 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #31 of 49 scored companies in Engineering & Construction, the top 63%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 48 companies in Engineering & Construction. Its strongest defense is Resilience (50/100) and its weakest is Cost Advantage (35/100).
How does Orion Group Holdings, Inc. compare with other Engineering & Construction companies?
Orion Group Holdings, Inc. ranks #31 of 49 scored companies in Engineering & Construction by moat score. The widest moat in Engineering & Construction is Sterling Infrastructure, Inc. (STRL) at 79/100. The companies ranked closest are Skyline Builders Group Holding (SKBL) at 42 just above it and INNOVATE Corp. (VATE) at 39 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 48 companies in Engineering & Construction. The defenses are then weighted to produce the overall score out of 100.
Why is Orion Group Holdings, Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Orion Group Holdings, Inc.?
The Corporate Default template measures 6 defenses, and ORN scores: Pricing Power (44), Cost Advantage (35), Customer Stickiness (38), Capital Efficiency (36), Resilience (50), Scale & Market Position (46). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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