Orion’s Q4 Revenue Surpasses Estimates by 4.9%, EPS Surges 57.9% and Guides $925M
Orion reported Q4 revenue of $233.2M, up 7.5% year-on-year and 4.9% above estimates, with non-GAAP EPS of $0.08, 57.9% above consensus. It set FY2026 revenue guidance at $925M midpoint, EPS at $0.39 and EBITDA at $56M, while operating margin fell to 2.2% and backlog dropped 12.2%.
1. Q4 CY2025 Financial Results
Orion delivered Q4 revenue of $233.2 million, marking a 7.5% increase year-on-year and beating analysts’ $222.4 million estimate by 4.9%. Adjusted EPS reached $0.08, topping the $0.05 consensus by 57.9%, while adjusted EBITDA was $12.96 million, in line with the $12.93 million forecast at a 5.6% margin.
2. FY2026 Guidance
The company issued full-year 2026 revenue guidance of $925 million at midpoint, 1.5% above street estimates, and projected adjusted EPS of $0.39, 14.7% above consensus, alongside EBITDA guidance of $56 million versus $55.45 million expected.
3. Margins and Backlog Trends
Operating margin slipped to 2.2% from 4.0% a year earlier, and free cash flow margin dropped to 0.2% from 4.6%. Backlog stood at $640 million at quarter end, down 12.2% year-on-year, signaling potential pressure on future revenue visibility.