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Side-by-side financial comparison of Orion Group Holdings Inc (ORN) and Shimmick Corp (SHIM). Click either name above to swap in a different company.
Orion Group Holdings Inc is the larger business by last-quarter revenue ($233.2M vs $141.9M, roughly 1.6× Shimmick Corp). Orion Group Holdings Inc runs the higher net margin — -0.1% vs -3.1%, a 3.0% gap on every dollar of revenue. Orion Group Holdings Inc produced more free cash flow last quarter ($454.0K vs $-28.7M). Over the past eight quarters, Orion Group Holdings Inc's revenue compounded faster (20.5% CAGR vs -10.1%).
Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.
Shimmick Corp is a U.S.-based heavy civil construction firm specializing in building and upgrading critical public infrastructure, including water facilities, transportation systems, dams, and environmental remediation projects. It primarily serves federal, state, and local government clients across North America, delivering complex large-scale construction solutions for public sector segments.
ORN vs SHIM — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $233.2M | $141.9M |
| Net Profit | $-240.0K | $-4.4M |
| Gross Margin | 11.6% | 7.6% |
| Operating Margin | 2.2% | -2.2% |
| Net Margin | -0.1% | -3.1% |
| Revenue YoY | 7.5% | — |
| Net Profit YoY | -103.6% | — |
| EPS (diluted) | $-0.00 | $-0.12 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $233.2M | $141.9M | ||
| Q3 25 | $225.1M | $128.4M | ||
| Q2 25 | $205.3M | $122.1M | ||
| Q1 25 | $188.7M | $103.6M | ||
| Q4 24 | $216.9M | — | ||
| Q3 24 | $226.7M | $166.0M | ||
| Q2 24 | $192.2M | $90.6M | ||
| Q1 24 | $160.7M | $120.0M |
| Q4 25 | $-240.0K | $-4.4M | ||
| Q3 25 | $3.3M | $-8.5M | ||
| Q2 25 | $841.0K | $-9.8M | ||
| Q1 25 | $-1.4M | $-38.5M | ||
| Q4 24 | $6.8M | — | ||
| Q3 24 | $4.3M | $-1.6M | ||
| Q2 24 | $-6.6M | $-51.4M | ||
| Q1 24 | $-6.1M | $-33.3M |
| Q4 25 | 11.6% | 7.6% | ||
| Q3 25 | 13.2% | 6.3% | ||
| Q2 25 | 12.6% | 3.8% | ||
| Q1 25 | 12.2% | -20.1% | ||
| Q4 24 | 14.0% | — | ||
| Q3 24 | 11.9% | 7.3% | ||
| Q2 24 | 9.5% | -34.4% | ||
| Q1 24 | 9.7% | -13.2% |
| Q4 25 | 2.2% | -2.2% | ||
| Q3 25 | 2.4% | -5.5% | ||
| Q2 25 | 1.7% | -7.3% | ||
| Q1 25 | 0.4% | -39.3% | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 3.4% | 0.7% | ||
| Q2 24 | -1.4% | -53.0% | ||
| Q1 24 | -1.9% | -26.5% |
| Q4 25 | -0.1% | -3.1% | ||
| Q3 25 | 1.5% | -6.6% | ||
| Q2 25 | 0.4% | -8.0% | ||
| Q1 25 | -0.7% | -37.1% | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 1.9% | -0.9% | ||
| Q2 24 | -3.4% | -56.7% | ||
| Q1 24 | -3.8% | -27.8% |
| Q4 25 | $-0.00 | $-0.12 | ||
| Q3 25 | $0.08 | $-0.25 | ||
| Q2 25 | $0.02 | $-0.28 | ||
| Q1 25 | $-0.04 | $-0.92 | ||
| Q4 24 | $0.22 | — | ||
| Q3 24 | $0.12 | $-0.05 | ||
| Q2 24 | $-0.20 | $-1.83 | ||
| Q1 24 | $-0.19 | $-1.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.6M | $17.6M |
| Total DebtLower is stronger | — | $57.5M |
| Stockholders' EquityBook value | $159.0M | $-52.7M |
| Total Assets | $414.7M | $218.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6M | $17.6M | ||
| Q3 25 | $4.9M | $21.4M | ||
| Q2 25 | $1.7M | $16.3M | ||
| Q1 25 | $13.0M | $33.7M | ||
| Q4 24 | $28.3M | — | ||
| Q3 24 | $28.3M | $26.0M | ||
| Q2 24 | $4.8M | $22.4M | ||
| Q1 24 | $4.6M | $27.3M |
| Q4 25 | — | $57.5M | ||
| Q3 25 | — | $36.4M | ||
| Q2 25 | $33.4M | $31.4M | ||
| Q1 25 | $23.3M | $9.5M | ||
| Q4 24 | $23.2M | — | ||
| Q3 24 | $28.0M | $39.9M | ||
| Q2 24 | $60.3M | — | ||
| Q1 24 | $37.5M | $31.5M |
| Q4 25 | $159.0M | $-52.7M | ||
| Q3 25 | $157.9M | $-49.5M | ||
| Q2 25 | $153.2M | $-42.6M | ||
| Q1 25 | $150.8M | $-34.7M | ||
| Q4 24 | $150.7M | — | ||
| Q3 24 | $142.4M | $973.0K | ||
| Q2 24 | $111.1M | $436.0K | ||
| Q1 24 | $116.1M | $38.1M |
| Q4 25 | $414.7M | $218.5M | ||
| Q3 25 | $422.4M | $203.0M | ||
| Q2 25 | $432.7M | $227.7M | ||
| Q1 25 | $416.3M | $233.9M | ||
| Q4 24 | $417.3M | — | ||
| Q3 24 | $430.3M | $346.7M | ||
| Q2 24 | $414.0M | $344.5M | ||
| Q1 24 | $363.6M | $378.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | 0.15× | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | 0.20× | 41.01× | ||
| Q2 24 | 0.54× | — | ||
| Q1 24 | 0.32× | 0.83× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $13.8M | $-23.7M |
| Free Cash FlowOCF − Capex | $454.0K | $-28.7M |
| FCF MarginFCF / Revenue | 0.2% | -20.2% |
| Capex IntensityCapex / Revenue | 5.7% | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-10.8M | $-27.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.8M | $-23.7M | ||
| Q3 25 | $23.3M | $-3.8M | ||
| Q2 25 | $-5.6M | $-38.2M | ||
| Q1 25 | $-3.4M | $44.9M | ||
| Q4 24 | $13.4M | — | ||
| Q3 24 | $37.5M | $12.7M | ||
| Q2 24 | $-15.3M | $-43.9M | ||
| Q1 24 | $-22.8M | $-35.0M |
| Q4 25 | $454.0K | $-28.7M | ||
| Q3 25 | $13.9M | $-4.2M | ||
| Q2 25 | $-12.7M | $-38.7M | ||
| Q1 25 | $-12.5M | $44.4M | ||
| Q4 24 | $9.9M | — | ||
| Q3 24 | $33.3M | $10.3M | ||
| Q2 24 | $-20.0M | $-46.8M | ||
| Q1 24 | $-24.7M | $-39.6M |
| Q4 25 | 0.2% | -20.2% | ||
| Q3 25 | 6.2% | -3.2% | ||
| Q2 25 | -6.2% | -31.7% | ||
| Q1 25 | -6.6% | 42.9% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 14.7% | 6.2% | ||
| Q2 24 | -10.4% | -51.7% | ||
| Q1 24 | -15.4% | -33.0% |
| Q4 25 | 5.7% | 3.5% | ||
| Q3 25 | 4.2% | 0.3% | ||
| Q2 25 | 3.5% | 0.4% | ||
| Q1 25 | 4.8% | 0.5% | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.8% | 1.4% | ||
| Q2 24 | 2.4% | 3.3% | ||
| Q1 24 | 1.2% | 3.8% |
| Q4 25 | — | — | ||
| Q3 25 | 7.05× | — | ||
| Q2 25 | -6.61× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.98× | — | ||
| Q3 24 | 8.79× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ORN
| Construction | $117.0M | 50% |
| Light Commercial | $85.8M | 37% |
| Dredging | $18.1M | 8% |
| Structural | $8.0M | 3% |
| Specialty Services | $4.3M | 2% |
SHIM
| Shimmick Projects | $106.8M | 75% |
| Non Core Projects | $35.1M | 25% |
