Demonstrações financeiras detalhadas de Orion Group Holdings, Inc. (ORN): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Orion Group Holdings, Inc. registou receitas de $852.3M no último exercício, com um CAGR de 5 anos de 3.7%. O lucro líquido atingiu $2.5M, com CAGR de 5 anos de -34.2%.
Margens dos últimos 12 meses: margem bruta 11.8%, margem operacional 0.8%, margem líquida 0.4%.
Ao preço atual de $9.12, ORN negocia a um P/L de 96.81 e um ROE de 2.22%. A capitalização de mercado é de $369M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $578.2M | $578.6M | $520.9M | $708.4M | $709.9M | $601.4M | $748.3M | $711.8M | $796.4M | $852.3M |
| Custo da Receita | $510.8M | $511.7M | $499.2M | $644.3M | $625.2M | $560.4M | $697.6M | $650.1M | $705.2M | $746.6M |
| Lucro Bruto | $67.5M | $62.2M | $16.8M | $64.0M | $84.7M | $41.0M | $50.7M | $61.7M | $91.2M | $105.6M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $65.0M | $66.0M | $61.5M | $61.0M | $65.1M | $60.2M | $62.5M | $69.4M | $82.5M | $93.5M |
| Despesas Operacionais | $63.4M | $60.7M | $117.3M | $61.8M | $58.1M | $50.3M | $58.8M | $68.3M | $79.6M | $93.5M |
| Lucro Operacional | $4.1M | $1.5M | -$100.5M | $2.2M | $26.6M | -$9.3M | -$8.0M | -$6.6M | $11.5M | $12.1M |
| EBITDA | $36.7M | $30.4M | -$8.0M | $28.8M | $44.8M | $4.7M | $11.1M | $15.7M | $31.4M | $42.3M |
| Despesas com Juros | $6.2M | $5.7M | $7.9M | $6.8M | $4.9M | $5.1M | $4.5M | $11.7M | $13.4M | $8.6M |
| Lucro Antes de Impostos | -$2.0M | -$4.1M | -$106.7M | -$3.5M | $22.2M | -$14.1M | -$12.2M | -$17.5M | -$1.3M | $2.9M |
| Imposto | $1.6M | -$4.5M | -$12.2M | $1.9M | $2.0M | $502000 | $429000 | $330000 | $348000 | $419000 |
| Lucro Líquido | -$3.6M | $400000 | -$94.4M | -$5.4M | $20.2M | -$14.6M | -$12.6M | -$17.9M | -$1.6M | $2.5M |
| LPA | $-0.13 | $0.01 | $-3.31 | $-0.18 | $0.67 | $-0.47 | $-0.40 | $-0.55 | $-0.05 | $0.06 |
| LPA Diluído | $-0.13 | $0.01 | $-3.31 | $-0.18 | $0.67 | $-0.47 | $-0.40 | $-0.55 | $-0.05 | $0.06 |
| Ações em Circulação (Diluídas) | $27.5M | $28.4M | $28.5M | $29.3M | $30.1M | $30.8M | $31.4M | $32.3M | $34.8M | $39.6M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $225.1M | $233.2M | $216.3M | $221.9M |
| Lucro Bruto | $29.8M | $27.1M | $25.9M | $22.9M |
| Lucro Operacional | $5.3M | $4.0M | -$830000 | -$1.5M |
| EBITDA | $13.5M | $11.2M | $7.2M | $7.3M |
| Lucro Líquido | $3.3M | -$240000 | $4.7M | -$4.1M |
| LPA | $0.08 | $-0.01 | $0.12 | $-0.10 |
| LPA Diluído | $0.08 | $-0.01 | $0.12 | $-0.10 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $305000 | $9.1M | $8.7M | $1.1M | $1.6M | $12.3M | $3.8M | $30.9M | $28.3M | $1.6M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $177.1M | $174.2M | $122.3M | $204.9M | $225.8M | $176.9M | $205.5M | $229.3M | $230.0M | $259.8M |
| Estoque | $5.4M | $4.4M | $1.1M | $1.1M | $1.5M | $1.4M | $2.9M | $2.7M | $2.0M | $2.4M |
| Ativos Circulantes | $195.1M | $191.8M | $137.1M | $212.0M | $235.4M | $197.9M | $220.3M | $271.8M | $269.3M | $278.2M |
| Imobilizado | $158.1M | $146.3M | $148.0M | $158.2M | $157.2M | $135.9M | $131.8M | $137.1M | $139.0M | $127.0M |
| Ágio | $66.4M | $69.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | $22.0M | $18.2M | $14.8M | $12.1M | $10.1M | $8.6M | $7.3M | 0 | 0 | 0 |
| Ativos Totais | $447.7M | $433.3M | $312.9M | $394.8M | $414.2M | $351.8M | $367.2M | $416.9M | $417.3M | $414.7M |
| Contas a Pagar | $50.0M | $47.2M | $42.8M | $71.0M | $49.0M | $49.1M | $88.8M | $82.8M | $98.4M | $109.1M |
| Dívida de Curto Prazo | $19.2M | $22.8M | $2.9M | $11.5M | $13.2M | $46.4M | $43.7M | $31.4M | $18.6M | $1.8M |
| Passivos Circulantes | $117.5M | $122.0M | $86.3M | $149.8M | $180.6M | $161.7M | $189.2M | $215.9M | $191.2M | $203.9M |
| Dívida de Longo Prazo | $82.1M | $63.2M | $76.1M | $68.0M | $29.5M | $259000 | $716000 | $23.7M | $22.8M | $6.1M |
| Passivos Totais | $221.5M | $202.0M | $171.3M | $256.8M | $254.7M | $203.7M | $229.4M | $295.4M | $266.6M | $255.6M |
| Reservas | $61.8M | $62.8M | -$31.9M | -$37.2M | -$17.0M | -$31.6M | -$44.2M | -$62.0M | -$63.7M | -$61.2M |
| Patrimônio Líquido | $226.2M | $231.3M | $141.6M | $138.0M | $159.5M | $148.1M | $137.8M | $121.5M | $150.7M | $159.0M |
| Dívida Total | $101.3M | $85.9M | $79.1M | $96.9M | $65.7M | $69.2M | $66.6M | $85.5M | $94.5M | $64.8M |
| Dívida Líquida | $101.0M | $76.9M | $70.4M | $95.8M | $64.1M | $56.9M | $62.8M | $54.6M | $66.1M | $63.2M |
| Capital de Giro | $77.6M | $69.8M | $50.8M | $62.2M | $54.8M | $36.2M | $31.1M | $55.9M | $78.2M | $74.3M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $4.9M | $1.6M | $6.3M | $2.5M |
| Ativos Totais | $422.4M | $414.7M | $478.7M | $496.2M |
| Passivos Totais | $264.5M | $255.6M | $312.1M | $331.8M |
| Patrimônio Líquido | $157.9M | $159.0M | $166.7M | $164.5M |
| Dívida Total | $81.8M | $64.8M | $116.7M | $148.8M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$3.6M | $400000 | -$94.4M | -$5.4M | $20.2M | -$14.6M | -$12.6M | -$17.9M | -$1.6M | $2.5M |
| Depreciação e Amortização | $34.2M | $29.5M | $31.8M | $33.6M | $33.1M | $30.5M | $28.9M | $30.6M | $32.7M | $30.5M |
| Compensação em Ações | $2.3M | $2.3M | $2.2M | $2.8M | $2.0M | $2.4M | $2.8M | $2.0M | $4.0M | $5.5M |
| Variação Capital de Giro | -$10.1M | $5.5M | $27.6M | -$30.8M | -$526000 | -$8.1M | -$5.2M | $2.4M | -$21.7M | -$22.4M |
| Fluxo de Caixa Operacional | $23.1M | $34.1M | $21.9M | -$716000 | $46.0M | $69000 | $9.6M | $17.2M | $12.7M | $28.1M |
| CapEx | -$18.7M | -$10.7M | -$17.7M | -$17.2M | -$14.7M | -$17.0M | -$14.6M | -$8.9M | -$14.1M | -$38.9M |
| Aquisições | -$369000 | -$6.6M | $3.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $4.4M | $23.4M | $4.2M | -$17.9M | $31.3M | -$16.9M | -$5.0M | $8.3M | -$1.4M | -$10.8M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $23.3M | $13.8M | $4.9M | -$17.6M |
| CapEx | -$9.3M | -$13.4M | -$8.6M | -$11.5M |
| Fluxo de Caixa Livre | $13.9M | $454000 | -$3.6M | -$29.2M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $1.4M | $1.4M | $1.4M | $2.0M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +0.1% | -10.0% | +36.0% | +0.2% | -15.3% | +24.4% | -4.9% | +11.9% | +7.0% |
| Crescimento Lucro Líquido (anual) | | +111.0% | -23705.5% | +94.3% | +477.3% | -172.0% | +13.4% | -41.7% | +90.8% | +251.3% |
| Crescimento LPA (anual) | | +107.7% | -33200.0% | +94.6% | +472.2% | -170.1% | +14.9% | -37.5% | +91.4% | +232.8% |
| Variação de Ações (anual) | | +3.0% | +0.6% | +2.8% | +2.7% | +2.1% | +2.1% | +3.0% | +7.5% | +14.0% |
| Crescimento FCF (anual) | | +427.8% | -82.0% | -524.8% | +274.9% | -153.9% | +70.3% | +264.8% | -117.1% | -663.0% |
| Margem Bruta | 11.7% | 10.8% | 3.2% | 9.0% | 11.9% | 6.8% | 6.8% | 8.7% | 11.4% | 12.4% |
| Margem Operacional | 0.7% | 0.3% | -19.3% | 0.3% | 3.7% | -1.5% | -1.1% | -0.9% | 1.4% | 1.4% |
| Margem EBITDA | 6.3% | 5.2% | -1.5% | 4.1% | 6.3% | 0.8% | 1.5% | 2.2% | 3.9% | 5.0% |
| Margem Líquida | -0.6% | 0.1% | -18.1% | -0.8% | 2.8% | -2.4% | -1.7% | -2.5% | -0.2% | 0.3% |
| Margem FCF | 0.8% | 4.0% | 0.8% | -2.5% | 4.4% | -2.8% | -0.7% | 1.2% | -0.2% | -1.3% |
| Taxa Efetiva de Imposto | -77.5% | 109.7% | 11.5% | -53.5% | 8.9% | -3.6% | -3.5% | -1.9% | -26.9% | 14.4% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $0.16 | $0.83 | $0.15 | $-0.61 | $1.04 | $-0.55 | $-0.16 | $0.26 | $-0.04 | $-0.27 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $27.5M | $28.0M | $28.5M | $29.3M | $30.1M | $30.8M | $31.4M | $32.3M | $34.8M | $39.6M |
O que olhar em Industriais
Aeroespacial, defesa, maquinaria, transporte. Semi-cíclicos. Chave: backlog, margens operacionais e conversão de FCF.
- Crescimento receita 5 anos — Sem crescimento, não há criação de valor a longo prazo
- Margem operacional — O melhor indicador de disciplina operacional em industriais
- ROIC — Industriais de qualidade têm ROIC >15% — os outros destroem capital
- Conversão FCF — FCF / Net Income — em industriais bom >85%
- Dívida líquida / EBITDA — Industriais cíclicos com dívida alta sofrem muito em recessão
- Capex / Receita — Manter a maquinaria. <4% = possível subinvestimento (deterioração futura)
- Altman Z-Score — Modelo de falência (NYU 1968) — combina liquidez, alavancagem e rentabilidade. Chave em cíclicas
Rentabilidade
| Retorno sobre patrimônio | 2.22% |
| Retorno sobre capital investido | -3.24% |
| Retorno sobre ativos | 0.73% |
| Margem bruta | 11.78% |
| Margem operacional | 0.78% |
| Margem líquida | 0.40% |
Saúde financeira
| Dívida / Patrimônio | 0.90 |
| Liquidez corrente | 1.52 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -76.54 | 783.00 | -1.30 | -28.83 | 7.40 | -8.02 | -5.95 | -8.98 | -154.97 | 158.28 |
| P/VP | 1.21 | 0.95 | 0.86 | 1.10 | 0.94 | 0.78 | 0.54 | 1.32 | 1.69 | 2.48 |
| P/V | 0.47 | 0.38 | 0.23 | 0.21 | 0.21 | 0.19 | 0.10 | 0.22 | 0.32 | 0.46 |
| Margem Bruta | 11.7% | 10.8% | 3.2% | 9.0% | 11.9% | 6.8% | 6.8% | 8.7% | 11.4% | 12.4% |
| Margem Operacional | 0.7% | 0.3% | -19.3% | 0.3% | 3.7% | -1.5% | -1.1% | -0.9% | 1.4% | 1.4% |
| Margem Líquida | -0.6% | 0.1% | -18.1% | -0.8% | 2.8% | -2.4% | -1.7% | -2.5% | -0.2% | 0.3% |