Shimmick Corp SHIM
Shimmick delivers turnkey solutions that are designed to strengthen the water market, as well as other critical infrastructure markets, including energy, climate resiliency and sustainable transportation. With a history and experience that spans over a century, Shimmick, headquartered in California, unites deep engineering heritage with entrepreneurial spirit to tackle today's most complex infrastructure challenges. We integrate technical excellence with collaborative project delivery methods to provide innovative, technology-driven infrastructure solutions that seek to accelerate economic growth and empower communities nationwide.
We and our legacy companies have a long history of successfully completing complex water and other critical infrastructure projects, ranging from advanced wastewater recycling and purification system to dams, locks and transit systems. According to Engineering News Record, in 2025, we are nationally ranked as a top fifteen builder of water supply (#12), dams and reservoirs (#8), and water treatment and desalination plants (#11). Our business includes construction operations from Morrison Knudsen and Washington Group International, which were consolidated in 2017 by AECOM.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $492.8M | $480.2M | $632.8M | $664.2M | — |
| Cost of revenue | $459.3M | $535.9M | $610.4M | $640.6M | — |
| Gross profit | $33.6M | -$55.6M | $22.4M | $23.5M | — |
| SG&A | $54.6M | $64.0M | $64.1M | $60.4M | — |
| Total operating expenses | $54.6M | $79.7M | $64.1M | $63.1M | — |
| Operating income | -$19.4M | -$119.3M | $435.0K | $12.9M | — |
| Interest expense | $6.7M | $5.4M | $2.3M | — | — |
| Pre-tax income | -$25.4M | -$125.7M | -$2.3M | $4.2M | — |
| Income tax | $0 | $963.0K | $0 | $1.3M | — |
| Net income | -$25.6M | -$124.7M | -$2.5M | $3.8M | — |
| EPS, basic | -0.74 | -4.10 | -0.11 | 0.17 | — |
| EPS, diluted | -0.74 | -4.10 | -0.11 | 0.17 | — |
| Shares, diluted (wtd. avg.) | 34,770 | 30,406 | 22,356 | 21,909 | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $20.0M | $33.7M | $63.9M | $82.1M | $81.9M |
| Receivables | $30.2M | $43.0M | $54.2M | $56.4M | — |
| Total current assets | $175.4M | $141.0M | $257.5M | $233.5M | — |
| Property, plant and equipment | $10.6M | $19.1M | $46.4M | $55.2M | — |
| Other intangibles | $4.1M | $6.7M | $9.2M | $12.0M | — |
| Total assets | $218.8M | $233.9M | $426.7M | $446.8M | — |
| Accounts payable | $69.5M | $46.5M | $81.6M | $67.5M | — |
| Total current liabilities | $196.1M | $230.3M | $271.3M | $340.9M | — |
| Long-term debt | $60.3M | $9.5M | $29.6M | $0 | — |
| Total liabilities | $275.4M | $268.5M | $356.2M | $395.2M | — |
| Retained earnings | -$103.8M | -$78.2M | $46.5M | $49.1M | — |
| Total equity | -$56.6M | -$34.7M | $70.5M | $51.6M | $47.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$65.1M | -$21.3M | -$88.1M | -$3.1M | — |
| Depreciation and amortisation | $13.0M | $15.1M | $17.1M | $16.0M | — |
| Stock-based compensation | $5.2M | $6.1M | $2.1M | $2.3M | — |
| Capital expenditure | $6.4M | $10.5M | $7.0M | $10.4M | — |
| Investing cash flow | $1.1M | $15.0M | $22.1M | $4.2M | — |
| Financing cash flow | $50.1M | -$21.9M | $47.9M | -$931.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-105064.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | $664.2M | $632.8M | $480.2M | $492.8M |
| Gross profit | — | $23.5M | $22.4M | -$55.6M | $33.6M |
| Net income | — | $3.8M | -$2.5M | -$124.7M | -$25.6M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Other event Item 8.01
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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