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Side-by-side financial comparison of Orion Group Holdings Inc (ORN) and UNITIL CORP (UTL). Click either name above to swap in a different company.

Orion Group Holdings Inc is the larger business by last-quarter revenue ($216.3M vs $161.5M, roughly 1.3× UNITIL CORP). UNITIL CORP runs the higher net margin — 11.8% vs 2.2%, a 9.6% gap on every dollar of revenue. On growth, UNITIL CORP posted the faster year-over-year revenue change (26.7% vs 14.6%). Over the past eight quarters, Orion Group Holdings Inc's revenue compounded faster (6.1% CAGR vs -4.9%).

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.

Unitil Corporation is an interstate electricity and natural gas utility company that provides services for New Hampshire, Massachusetts and Maine. Its earliest predecessor company, the Portland Gas Light Company, was founded in Maine in 1849. The current company was set up in 1984 and is based in New Hampshire. With a market cap of 686.51M, it provides electric services to about 102,400 customers and natural gas to over 75,900 customers. The service territory of Unitil includes business distr...

ORN vs UTL — Head-to-Head

Bigger by revenue
ORN
ORN
1.3× larger
ORN
$216.3M
$161.5M
UTL
Growing faster (revenue YoY)
UTL
UTL
+12.0% gap
UTL
26.7%
14.6%
ORN
Higher net margin
UTL
UTL
9.6% more per $
UTL
11.8%
2.2%
ORN
Faster 2-yr revenue CAGR
ORN
ORN
Annualised
ORN
6.1%
-4.9%
UTL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ORN
ORN
UTL
UTL
Revenue
$216.3M
$161.5M
Net Profit
$4.7M
$19.0M
Gross Margin
12.0%
Operating Margin
21.5%
Net Margin
2.2%
11.8%
Revenue YoY
14.6%
26.7%
Net Profit YoY
435.7%
21.8%
EPS (diluted)
$0.12
$1.05

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.

Revenue
ORN
ORN
UTL
UTL
Q1 26
$216.3M
Q4 25
$233.2M
$161.5M
Q3 25
$225.1M
$101.1M
Q2 25
$205.3M
$102.6M
Q1 25
$188.7M
$170.8M
Q4 24
$216.9M
$127.5M
Q3 24
$226.7M
$92.9M
Q2 24
$192.2M
$95.7M
Net Profit
ORN
ORN
UTL
UTL
Q1 26
$4.7M
Q4 25
$-240.0K
$19.0M
Q3 25
$3.3M
$-300.0K
Q2 25
$841.0K
$4.0M
Q1 25
$-1.4M
$27.5M
Q4 24
$6.8M
$15.6M
Q3 24
$4.3M
$0
Q2 24
$-6.6M
$4.3M
Gross Margin
ORN
ORN
UTL
UTL
Q1 26
12.0%
Q4 25
11.6%
Q3 25
13.2%
Q2 25
12.6%
Q1 25
12.2%
Q4 24
14.0%
Q3 24
11.9%
Q2 24
9.5%
Operating Margin
ORN
ORN
UTL
UTL
Q1 26
Q4 25
2.2%
21.5%
Q3 25
2.4%
6.9%
Q2 25
1.7%
13.0%
Q1 25
0.4%
27.0%
Q4 24
4.4%
22.1%
Q3 24
3.4%
6.2%
Q2 24
-1.4%
13.0%
Net Margin
ORN
ORN
UTL
UTL
Q1 26
2.2%
Q4 25
-0.1%
11.8%
Q3 25
1.5%
-0.3%
Q2 25
0.4%
3.9%
Q1 25
-0.7%
16.1%
Q4 24
3.1%
12.2%
Q3 24
1.9%
Q2 24
-3.4%
4.5%
EPS (diluted)
ORN
ORN
UTL
UTL
Q1 26
$0.12
Q4 25
$-0.00
$1.05
Q3 25
$0.08
$-0.02
Q2 25
$0.02
$0.25
Q1 25
$-0.04
$1.69
Q4 24
$0.22
$0.97
Q3 24
$0.12
$0.00
Q2 24
$-0.20
$0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ORN
ORN
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$6.3M
$15.6M
Total DebtLower is stronger
$670.5M
Stockholders' EquityBook value
$166.7M
$609.6M
Total Assets
$478.7M
$2.1B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORN
ORN
UTL
UTL
Q1 26
$6.3M
Q4 25
$1.6M
$15.6M
Q3 25
$4.9M
$14.6M
Q2 25
$1.7M
$8.5M
Q1 25
$13.0M
$10.2M
Q4 24
$28.3M
$6.3M
Q3 24
$28.3M
$6.3M
Q2 24
$4.8M
$2.8M
Total Debt
ORN
ORN
UTL
UTL
Q1 26
Q4 25
$670.5M
Q3 25
$670.5M
Q2 25
$33.4M
$640.7M
Q1 25
$23.3M
$642.1M
Q4 24
$23.2M
$643.3M
Q3 24
$28.0M
$643.3M
Q2 24
$60.3M
$511.3M
Stockholders' Equity
ORN
ORN
UTL
UTL
Q1 26
$166.7M
Q4 25
$159.0M
$609.6M
Q3 25
$157.9M
$597.2M
Q2 25
$153.2M
$532.8M
Q1 25
$150.8M
$534.1M
Q4 24
$150.7M
$512.5M
Q3 24
$142.4M
$502.4M
Q2 24
$111.1M
$508.8M
Total Assets
ORN
ORN
UTL
UTL
Q1 26
$478.7M
Q4 25
$414.7M
$2.1B
Q3 25
$422.4M
$1.9B
Q2 25
$432.7M
$1.9B
Q1 25
$416.3M
$1.9B
Q4 24
$417.3M
$1.8B
Q3 24
$430.3M
$1.7B
Q2 24
$414.0M
$1.7B
Debt / Equity
ORN
ORN
UTL
UTL
Q1 26
Q4 25
1.10×
Q3 25
1.12×
Q2 25
0.22×
1.20×
Q1 25
0.15×
1.20×
Q4 24
0.15×
1.26×
Q3 24
0.20×
1.28×
Q2 24
0.54×
1.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ORN
ORN
UTL
UTL
Operating Cash FlowLast quarter
$21.4M
Free Cash FlowOCF − Capex
$-36.3M
FCF MarginFCF / Revenue
-22.5%
Capex IntensityCapex / Revenue
35.7%
Cash ConversionOCF / Net Profit
1.13×
TTM Free Cash FlowTrailing 4 quarters
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ORN
ORN
UTL
UTL
Q1 26
Q4 25
$13.8M
$21.4M
Q3 25
$23.3M
$15.6M
Q2 25
$-5.6M
$42.2M
Q1 25
$-3.4M
$52.1M
Q4 24
$13.4M
$23.3M
Q3 24
$37.5M
$26.1M
Q2 24
$-15.3M
$49.9M
Free Cash Flow
ORN
ORN
UTL
UTL
Q1 26
Q4 25
$454.0K
$-36.3M
Q3 25
$13.9M
$-39.0M
Q2 25
$-12.7M
$2.0M
Q1 25
$-12.5M
$19.5M
Q4 24
$9.9M
$-32.3M
Q3 24
$33.3M
$-31.3M
Q2 24
$-20.0M
$13.2M
FCF Margin
ORN
ORN
UTL
UTL
Q1 26
Q4 25
0.2%
-22.5%
Q3 25
6.2%
-38.6%
Q2 25
-6.2%
1.9%
Q1 25
-6.6%
11.4%
Q4 24
4.6%
-25.3%
Q3 24
14.7%
-33.7%
Q2 24
-10.4%
13.8%
Capex Intensity
ORN
ORN
UTL
UTL
Q1 26
Q4 25
5.7%
35.7%
Q3 25
4.2%
54.0%
Q2 25
3.5%
39.2%
Q1 25
4.8%
19.1%
Q4 24
1.6%
43.6%
Q3 24
1.8%
61.8%
Q2 24
2.4%
38.3%
Cash Conversion
ORN
ORN
UTL
UTL
Q1 26
Q4 25
1.13×
Q3 25
7.05×
Q2 25
-6.61×
10.55×
Q1 25
1.89×
Q4 24
1.98×
1.49×
Q3 24
8.79×
Q2 24
11.60×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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