Willdan Group, Inc. (WLDN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.22	$2.07	+69.7%	—	$231M	—
Q1 26	$0.81	$0.91	+12.3%	—	$155.1M	—
Q4 25	$0.79	$1.57	+98.7%	—	$173.7M	—
Q3 25	$0.81	$1.21	+49.4%	—	$182M	—
Q2 25	$0.72	$1.5	+108.3%	—	$173.5M	—
Q1 25	$0.44	$0.63	+43.2%	—	$152.4M	—
Q4 24	$0.57	$0.75	+31.6%	—	$144.1M	—
Q3 24	$0.55	$0.73	+32.7%	—	$158.3M	—
Q2 24	$0.29	$0.55	+89.7%	—	$141M	—
Q1 24	$0.19	$0.4	+110.5%	—	$122.5M	—
Q4 23	$0.38	$0.8	+110.5%	—	$155.7M	—
Q3 23	$0.37	$0.37	0.0%	—	$132.7M	—
Q2 23	$0.14	$0.26	+85.7%	—	$119.1M	—
Q1 23	-$0.03	$0.32	+1166.7%	—	$102.6M	—
Q4 22	$0.41	$0.36	-12.2%	—	$113.3M	—
Q3 22	$0.18	$0.42	+133.3%	—	$121.4M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.63	—	—	$681.6M	—
FY24	—	$1.63	—	—	$565.8M	—
FY23	—	$0.82	—	—	$510.1M	—
FY22	—	-$0.65	—	—	$429.1M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$208.9M	$273.4M	$272.3M	$443.1M	$391M	$353.8M	$429.1M	$510.1M	$565.8M	$681.6M
YoY change	+54.7%	+30.8%	-0.4%	+62.8%	-11.8%	-9.52%	+21.3%	+18.9%	+10.9%	+20.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	208.9M	273.4M	272.3M	443.1M	391M	353.8M	429.1M	510.1M	565.8M	681.6M
Cost of revenue	143.3M	196.7M	179.3M	308.1M	261.6M	217.9M	285.6M	330.3M	363M	425.9M
Gross profit	65.7M	76.7M	93M	135M	129.4M	135.9M	143.6M	179.8M	202.8M	255.7M
Gross margin	31.4%	28.1%	34.1%	30.5%	33.1%	38.4%	33.5%	35.2%	35.8%	37.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	36.4M	43.9M	57.1M	87M	97.8M	127.4M	133.2M	141.3M	156.7M	192.8M
Operating expenses	50.9M	59M	74.1M	110.6M	126.9M	154.6M	166.8M	141.3M	156.7M	192.8M
Operating income	11.5M	13.7M	12.8M	9.4M	-16.2M	-8.7M	-7.1M	22.1M	31.4M	44.1M
Operating margin	5.53%	5.01%	4.69%	2.11%	-4.15%	-2.46%	-1.65%	4.33%	5.54%	6.48%
Non-operating income, net	2K	98K	90K	193K	1.6M	156K	939K	1.9M	3.1M	1.6M
Pretax income	11.4M	13.7M	12.2M	4.7M	-19.7M	-12.4M	-11.5M	14.6M	26.7M	40M
Income tax	3.1M	1.6M	2.1M	-185K	-5.2M	-4M	-3M	3.7M	4.1M	-12.6M
Net income	8.3M	12.1M	10M	4.8M	-14.5M	-8.4M	-8.4M	10.9M	22.6M	52.6M
Net margin	3.97%	4.44%	3.68%	1.09%	-3.71%	-2.38%	-1.97%	2.14%	3.99%	7.71%
EBITDA	14.8M	17.9M	19.1M	25M	4.1M	8.6M	11.4M	40.4M	49.2M	64.4M
EPS	1.01	1.42	1.08	0.43	-1.23	-0.68	-0.65	0.82	1.63	3.63
Diluted EPS	0.97	1.32	1.03	0.41	-1.23	-0.68	-0.65	0.8	1.58	3.49

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	132.7M	155.7M	122.5M	141M	158.3M	144.1M	152.4M	173.5M	182M	173.7M	155.1M	231M
Cost of revenue	89.3M	101.3M	75.1M	92.2M	106.7M	89.1M	94.7M	105.1M	114.9M	111.1M	92M	143.6M
Gross profit	43.4M	54.4M	47.4M	48.8M	51.6M	55M	57.7M	68.3M	67.1M	62.6M	63.2M	87.5M
Gross margin	32.7%	35%	38.7%	34.6%	32.6%	38.1%	37.8%	39.4%	36.9%	36%	40.7%	37.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	35.4M	38.8M	38.5M	38.7M	39.2M	40.3M	46.2M	51M	48.3M	47.3M	50.4M	60.7M
Operating expenses	35.4M	38.8M	38.5M	38.7M	39.2M	40.3M	46.2M	51M	48.3M	47.3M	50.4M	60.7M
Operating income	3.8M	11.7M	5.4M	6.4M	8.7M	10.9M	7M	11.8M	14.9M	10.4M	7.3M	19.7M
Operating margin	2.89%	7.55%	4.38%	4.57%	5.48%	7.55%	4.62%	6.81%	8.17%	6.01%	4.7%	8.54%
Non-operating income, net	879K	538K	704K	826K	763K	834K	-41K	551K	330K	755K	795K	439K
Pretax income	2.3M	10M	3.9M	5.3M	7.5M	9.9M	5.2M	10.2M	14.3M	10.3M	7.3M	19.1M
Income tax	713K	2M	986K	720K	157K	2.2M	506K	-5.3M	569K	-8.4M	-1.3M	-5.3M
Net income	1.6M	8M	2.9M	4.6M	7.3M	7.7M	4.7M	15.4M	13.7M	18.7M	8.5M	24.3M
Net margin	1.18%	5.16%	2.4%	3.26%	4.64%	5.34%	3.08%	8.9%	7.54%	10.8%	5.5%	10.5%
EBITDA	8.9M	16.2M	9.7M	10.9M	13.2M	15.5M	11.4M	17.9M	19.1M	16M	13.5M	27.1M
EPS	0.12	0.59	0.22	0.33	0.53	0.55	0.33	1.07	0.94	1.28	0.58	1.62
Diluted EPS	0.11	0.58	0.21	0.33	0.51	0.53	0.32	1.03	0.9	1.23	0.55	1.58

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	185.7M	204.5M	324.1M	—	491.8M	438.5M	232.3M	288M	526.3M	1.5B	1.2B
Enterprise value	169.6M	193.4M	380.1M	—	598.5M	545.5M	346.9M	378.7M	559.9M	1.5B	1.3B
Shares outstanding	8.2M	8.5M	9.3M	11.2M	11.8M	12.5M	13M	13.4M	13.8M	14.5M	14.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	22.4	16.9	32.3	—	—	—	—	26.4	23.3	28.5	18.1
P/S	0.89	0.75	1.19	—	1.26	1.24	0.54	0.56	0.93	2.2	1.59
P/B	3.72	2.89	2.25	—	2.91	2.45	1.28	1.44	2.25	4.92	3.74
EV/EBITDA	11.5	10.8	19.9	—	144.5	63.4	30.5	9.36	11.4	23.3	17
EV/Sales	0.81	0.71	1.4	—	1.53	1.54	0.81	0.74	0.99	2.2	1.69
Earnings yield	4.47%	5.93%	3.1%	—	—	—	—	3.79%	4.29%	3.51%	5.52%
FCF yield	10.7%	4.35%	1.69%	—	8.53%	0.3%	-0.07%	10.2%	12.1%	4.72%	4.29%
PEG	—	—	—	—	—	—	—	—	—	—	0.35

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	31.4%	28.1%	34.1%	30.5%	33.1%	38.4%	33.5%	35.2%	35.8%	37.5%	37.9%
Operating margin	5.53%	5.01%	4.69%	2.11%	-4.15%	-2.46%	-1.65%	4.33%	5.54%	6.48%	8.63%
Net margin	3.97%	4.44%	3.68%	1.09%	-3.71%	-2.38%	-1.97%	2.14%	3.99%	7.71%	8.8%
ROE	16.6%	17.2%	6.95%	2.89%	-8.57%	-4.7%	-4.65%	5.47%	9.63%	17.2%	21.2%
ROA	7.66%	8.78%	3.33%	1.1%	-3.6%	-2.13%	-2.06%	2.63%	4.86%	9.66%	5.86%
ROIC	24.9%	20.4%	5.26%	2.96%	-5.88%	-3.04%	-2.39%	5.69%	9.9%	14.3%	12.9%
Return on tangible assets	15.8%	30%	60.1%	15.6%	-101.6%	-29.3%	-12.7%	12.2%	18.2%	46.1%	89.9%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.47	1.48	1.49	1.33	1.34	1.27	1.37	1.67	1.71	1.56	1.37
Quick ratio	1.47	1.48	1.49	1.33	1.34	1.27	1.37	1.67	1.71	1.56	1.37
Debt / equity	0.13	0.05	0.49	0.93	0.8	0.66	0.68	0.57	0.46	0.23	0.25
Debt / assets	0.06	0.02	0.24	0.35	0.34	0.3	0.3	0.27	0.23	0.13	0.14
Net debt / EBITDA	-1.09	-0.62	2.94	5.97	25.8	12.4	10.1	2.24	0.68	0.05	0.72
Interest coverage	64.5	124.3	18.4	1.95	-2.88	-2.21	-1.15	2.55	4.42	7.96	14.8
Effective tax rate	27%	11.4%	17.5%	0%	0%	0%	0%	25.1%	15.4%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	25.4	32	29.4	39.7	33.2	28.4	33	38.1	40.9	47.1	50.3
EPS (basic)	1.01	1.42	1.08	0.43	-1.23	-0.68	-0.65	0.82	1.63	3.63	3.63
EPS (diluted)	0.97	1.32	1.03	0.41	-1.23	-0.68	-0.65	0.8	1.58	3.49	4.26
Book value per share	6.07	8.27	15.6	15	14.3	14.4	13.9	14.9	17	21.1	20.7
FCF per share	2.43	1.04	0.59	0.45	3.56	0.1	-0.01	2.19	4.61	4.89	4.04
Cash per share	2.76	1.69	1.65	0.49	2.41	0.9	0.68	1.75	5.37	4.56	2.29
Capex per share	0.2	0.26	0.22	0.59	0.43	0.68	0.73	0.74	0.61	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.79%	0.8%	0.75%	1.49%	1.29%	2.39%	2.22%	1.93%	1.48%	—	—
Capex / operating cash flow	10.5%	34%	22.2%	-112.9%	6.35%	116.2%	-383.2%	33.6%	12.4%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$132.7M	$155.7M	$122.5M	$141M	$158.3M	$144.1M	$152.4M	$173.5M	$182M	$173.7M	$155.1M	$231M
YoY change	+9.34%	+37.5%	+19.4%	+18.4%	+19.2%	-7.46%	+24.4%	+23%	+15%	+20.6%	+1.79%	+33.2%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	22.7M	14.4M	15.3M	5.5M	28.4M	11.2M	8.8M	23.4M	74.2M	65.9M
Receivables	30.3M	38.4M	61.3M	57.5M	53.1M	67.2M	60.2M	69.7M	65.6M	64.6M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	75.2M	83.2M	136.1M	175.5M	155.9M	149M	174M	192M	235.5M	251.7M
Property, plant & equipment	4.5M	5.3M	8M	34.3M	32.6M	31.9M	34.9M	39.6M	43.6M	48.1M
Goodwill & intangibles	55.8M	97.7M	284.2M	409M	388.8M	365.7M	343.2M	326.2M	340.8M	430.1M
Total assets	108.3M	138.2M	300.9M	439.9M	403M	394.4M	409.7M	415.6M	464.9M	544.2M
Accounts payable	17.4M	20.8M	36.8M	34M	41.4M	36.7M	28.8M	33.2M	33.8M	45.6M
Short-term debt	4.3M	672K	8.9M	19.6M	21.1M	21.1M	22.6M	14.2M	17.1M	8.4M
Total current liabilities	51.1M	56.4M	91.3M	132M	116.7M	117.2M	127.2M	114.7M	137.7M	161.8M
Long-term debt	2.3M	2.7M	62.4M	135.2M	114.1M	97.1M	100.7M	99.9M	90.7M	60.9M
Total liabilities	58.4M	67.5M	156.6M	272.6M	233.9M	215.2M	228.2M	215.7M	230.5M	239.4M
Shareholders' equity	49.9M	70.7M	144.3M	167.3M	169.2M	179.2M	181.5M	199.8M	234.3M	304.9M
Total debt	6.6M	3.3M	71.3M	154.9M	135.2M	118.2M	123.4M	114.1M	107.7M	69.3M
Net debt	-16.1M	-11.1M	56.1M	149.4M	106.7M	107M	114.6M	90.7M	33.6M	3.4M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	12.9M	23.4M	46.9M	44.3M	53.1M	74.2M	38.4M	—	—	—	—	34.9M
Receivables	66.3M	69.7M	50.8M	62M	63.1M	65.6M	59.7M	55.4M	66.7M	64.6M	80.8M	84.3M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	164.5M	192M	186.5M	200.4M	228.1M	235.5M	197M	205.8M	229.1M	251.7M	220.4M	269.9M
Property, plant & equipment	38.9M	39.6M	40.3M	43.6M	43.3M	43.6M	42.5M	41.9M	45.6M	48.1M	48.3M	47.8M
Goodwill & intangibles	330.6M	326.2M	322.5M	318.8M	315.4M	340.8M	432.7M	433M	426.3M	430.1M	425.3M	562.2M
Total assets	401.6M	415.6M	407.9M	421.3M	447.3M	464.9M	471.2M	484.9M	507.9M	544.2M	511.7M	634.9M
Accounts payable	32.8M	33.2M	34.5M	31.9M	38M	33.8M	41.6M	42.5M	50.1M	45.6M	42.2M	62.9M
Short-term debt	13.9M	14.2M	14.7M	16.1M	16.8M	17.1M	9.6M	9.5M	8.6M	8.4M	8.5M	8.5M
Total current liabilities	107.8M	114.7M	104.1M	110.8M	128.6M	137.7M	122.2M	143.5M	155.3M	161.8M	131.5M	196.7M
Long-term debt	102.5M	99.9M	97.6M	96.9M	93.8M	90.7M	94.5M	66M	59.3M	60.9M	60.9M	80.7M
Total liabilities	210.5M	215.7M	202.4M	208.3M	223.3M	230.5M	225.6M	218.9M	224.8M	239.4M	201.3M	284.4M
Shareholders' equity	191.1M	199.8M	205.5M	213M	224M	234.3M	245.5M	265.9M	283.1M	304.9M	310.3M	350.5M
Total debt	116.4M	114.1M	112.3M	113M	110.6M	107.7M	104M	75.5M	67.9M	69.3M	69.4M	89.2M
Net debt	103.5M	90.7M	65.4M	68.8M	57.5M	33.6M	65.7M	—	—	—	—	54.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	8.3M	12.1M	10M	4.8M	-14.5M	-8.4M	-8.4M	10.9M	22.6M	52.6M
Depreciation & amortization	3.2M	4.1M	6.2M	15.5M	18.7M	17.1M	17.5M	16.4M	14.7M	18.7M
Stock-based compensation	1.2M	2.8M	6.3M	12.1M	16.1M	16.6M	8.4M	5.3M	7.4M	11.8M
Change in working capital	1.6M	-14.4M	-9M	-37.8M	56.8M	-17.6M	-21.4M	-5.9M	20.3M	-11.7M
Operating cash flow	15.6M	6.4M	9.2M	-5.8M	79.6M	7.3M	-2.5M	29.4M	67.7M	80.1M
Capital expenditure	-1.6M	-2.2M	-2M	-6.6M	-5.1M	-8.5M	-9.5M	-9.9M	-8.4M	—
Investing cash flow	-10.5M	-16.8M	-126.4M	-78.3M	-5.1M	-8.5M	-9.5M	-11.5M	-15.7M	-36.3M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	-442K	—	—	—	—	—	—	—
Financing cash flow	-5.5M	-5.3M	114.7M	-23.8M	-64.3M	-36.1M	5M	-26.8M	-11.2M	82.6M
Net change in cash	-306K	-15.6M	-2.4M	-107.9M	10.3M	-37.3M	-7M	-8.9M	40.8M	126.4M
Free cash flow	19.9M	8.9M	5.5M	5M	41.9M	1.3M	-169K	29.3M	63.7M	70.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	1.6M	8M	2.9M	4.6M	7.3M	7.7M	—	—	13.7M	18.7M	8.5M	24.3M
Depreciation & amortization	4.2M	3.9M	3.6M	3.6M	3.7M	3.8M	—	—	3.9M	4.8M	5.4M	7M
Stock-based compensation	1.2M	1.3M	1.4M	1.9M	2M	2M	—	—	3.1M	3.1M	3.7M	4.8M
Change in working capital	-11.5M	-10.2M	35.8M	-16.3M	-17M	17.9M	—	—	-15.8M	5.8M	-9.5M	-15.4M
Operating cash flow	-4.1M	4.4M	44.8M	-6M	-3.5M	32.4M	3.3M	25.4M	12.2M	39.2M	-24.4M	43.9M
Capital expenditure	-1.8M	-2.3M	-2M	-2.1M	-1.9M	-2.3M	—	—	—	—	—	—
Investing cash flow	-1.8M	-2.3M	-2M	-2.1M	-1.9M	-9.7M	—	—	1.7M	-2.9M	-583K	-49.9M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-4M	-2.4M	-3.2M	-2.3M	-2.7M	-3M	—	—	-13.1M	-1.3M	-7.3M	-18.3M
Net change in cash	-9.9M	-326K	39.7M	-10.4M	-8.1M	19.6M	3.3M	25.4M	815K	35M	-32.3M	-24.3M
Free cash flow	3.4M	12.8M	25M	-1.3M	8.8M	31.1M	—	—	9.8M	36.7M	-26.4M	42.2M

Willdan Group, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement