- Marcum & Sons
- 2026
- 5
- 2
- 40.00%
- $23,513,095
- 2.79%
- 10.09%
- 7.55%
- $36,248,899

Marcum & Sons holds **$10.1M** in remaining backlog across two long-duration projects bid in early 2026, supporting steady but limited monthly revenue given 120-month contract terms. The 66.7% success rate on **$29.1M** in 2026 bids provides a solid foundation for near-term execution. Cash flow will remain constrained until additional shorter-cycle work is secured.
Medium-term Outlook (6-12 months)
Execution of the **$23.5M** in 2026 low bids will continue to draw down the **$10.1M** backlog at a slow pace, requiring disciplined cost control to maintain margins. The sharp improvement from the 11.1% success rate in 2025 positions the firm for potential backlog growth if bidding volume is sustained. Pipeline replenishment becomes critical to avoid revenue gaps.
Key Risk Period
The primary risk emerges beyond 12 months if new awards do not offset the extended 120-month durations on current projects, potentially creating cash flow shortfalls. Historical volatility in win rates amplifies exposure to market or competitive shifts in Oregon.
Recommendations
Prioritize bidding on mid-duration projects to accelerate cash conversion while maintaining focus on the two active US97 contracts. Target a minimum 30% increase in annual bid volume with refined pricing to build a more resilient backlog.
- N College Street Little Creek Bridge Union
- ODOT
- $1,234,567
- 10/22/26
- US97 Multi Use Trail US Forest Service Boundary Lava
- ODOT
- $5,910,041
- 9/17/26
- I 84 Bridges Over North Spruce Street La Grande
- ODOT
- $5,591,196
- 6/11/26
- US97 NW Galloway Ave ONeil Hwy Section
- ODOT
- $1,763,946
- 5/21/26
- US97 Earl St Colfax Ln Madras Section
- ODOT
- $21,749,149
- 4/2/26

