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Orion vs Southland: revenue, profit, margins and growth compared

Orion brought in $852.3M of revenue in fiscal 2025, Southland $772.2M in fiscal 2025. Revenue changed by +7.0% at Orion and -21.2% at Southland on the year before, so Orion grew faster. Orion kept 0.3% of its revenue as net profit, Southland -39.7%. Free cash flow was -$10.8M at Orion and $12.7M at Southland.

Side by side, latest fiscal year

ORNSLND
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$852.3M$772.2M
Revenue growth+7.0%-21.2%
Net income$2.5M-$306.5M
Net margin0.3%-39.7%
Free cash flow-$10.8M$12.7M
Free cash flow margin-1.3%1.6%
Earnings per share (diluted)$0.06-$5.67
Cash$1.6M$52.7M
Debt$7.9M$257.7M
Price to earnings143.0n/a
Market value$347.4M$35.9M
Dividend yieldn/an/a
Rank by revenue in sector#281 of 451 · Industrials#288 of 451 · Industrials

Over the years

Revenue
ORN FY2018: $520.9MORN FY2019: $708.4MORN FY2020: $709.9MORN FY2021: $601.4MORN FY2022: $748.3MORN FY2023: $711.8MORN FY2024: $796.4MORN FY2025: $852.3MSLND FY2021: $1.3BSLND FY2022: $1.2BSLND FY2023: $1.2BSLND FY2024: $980.2MSLND FY2025: $772.2MFY18FY19FY20FY21FY22FY23FY24FY25
ORN $852.3MSLND $772.2M
Net income
ORN FY2018: -$94.4MORN FY2019: -$5.4MORN FY2020: $20.2MORN FY2021: -$14.6MORN FY2022: -$12.6MORN FY2023: -$17.9MORN FY2024: -$1.6MORN FY2025: $2.5MSLND FY2021: $38.7MSLND FY2022: $60.5MSLND FY2023: -$19.3MSLND FY2024: -$105.4MSLND FY2025: -$306.5MFY18FY19FY20FY21FY22FY23FY24FY25
ORN $2.5MSLND -$306.5M
Net margin
ORN FY2018: -18.1%ORN FY2019: -0.8%ORN FY2020: 2.8%ORN FY2021: -2.4%ORN FY2022: -1.7%ORN FY2023: -2.5%ORN FY2024: -0.2%ORN FY2025: 0.3%SLND FY2021: 3.0%SLND FY2022: 5.2%SLND FY2023: -1.7%SLND FY2024: -10.7%SLND FY2025: -39.7%FY18FY19FY20FY21FY22FY23FY24FY25
ORN 0.3%SLND -39.7%
Revenue growth
ORN FY2019: +36.0%ORN FY2020: +0.2%ORN FY2021: -15.3%ORN FY2022: +24.4%ORN FY2023: -4.9%ORN FY2024: +11.9%ORN FY2025: +7.0%SLND FY2022: -9.2%SLND FY2023: -0.1%SLND FY2024: -15.5%SLND FY2025: -21.2%FY19FY20FY21FY22FY23FY24FY25
ORN +7.0%SLND -21.2%
Free cash flow
ORN FY2018: $4.2MORN FY2019: -$17.9MORN FY2020: $31.3MORN FY2021: -$16.9MORN FY2022: -$5MORN FY2023: $8.3MORN FY2024: -$1.4MORN FY2025: -$10.8MSLND FY2021: -$109.4MSLND FY2022: -$71MSLND FY2023: -$21.1MSLND FY2024: -$5.5MSLND FY2025: $12.7MFY18FY19FY20FY21FY22FY23FY24FY25
ORN -$10.8MSLND $12.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Orion and Southland

Which is bigger by revenue, Orion or Southland?

Orion is bigger by revenue: $852.3M in fiscal 2025, against $772.2M for Southland in fiscal 2025.

Which keeps more of its revenue as profit, Orion or Southland?

Orion had a net margin of 0.3% in fiscal 2025; Southland had -39.7% in fiscal 2025.

Which grew revenue faster, Orion or Southland?

In their latest fiscal years revenue changed by +7.0% at Orion and -21.2% at Southland.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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