Willdan Group, Inc. WLDN
Willdan Group, Inc. ("Willdan") is a provider of professional, technical and consulting services to utilities, private industry, and public agencies at all levels of government. As resource and infrastructure needs undergo continuous change, we help organizations and their communities evolve and thrive by providing a wide range of technical services for energy solutions, greenhouse gas reduction, and government infrastructure needs. Through engineering, program management, policy advisory, and software and data analytics, we plan, design and deliver comprehensive, innovative, cost-effective and proven solutions to improve efficiency, resiliency, and sustainability in energy and infrastructure to our clients.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $681.6M | $565.8M | $510.1M | $429.1M | $353.8M | $391.0M | $443.1M | $272.3M | $273.4M | $208.9M |
| Cost of revenue | $425.9M | $363.0M | $330.3M | $285.6M | $217.9M | $261.6M | $308.1M | $179.3M | $196.7M | $143.3M |
| Gross profit | $255.7M | $202.8M | $179.8M | $143.6M | $135.9M | $129.4M | $135.0M | $93.0M | $76.7M | $65.7M |
| Total operating expenses | $211.5M | $171.4M | $157.7M | $150.6M | $144.6M | $145.6M | $125.6M | $80.2M | $63.0M | $54.1M |
| Operating income | $44.1M | $31.4M | $22.1M | -$7.1M | -$8.7M | -$16.2M | $9.4M | $12.8M | $13.7M | $11.5M |
| Interest expense | — | — | — | — | $3.9M | $5.1M | $4.9M | $700.0K | $111.0K | $179.0K |
| Pre-tax income | $40.0M | $26.7M | $14.6M | -$11.5M | -$12.4M | -$19.7M | $4.7M | $12.2M | $13.7M | $11.4M |
| Income tax | $12.6M | $4.1M | $3.7M | $3.0M | $4.0M | $5.2M | $185.0K | $2.1M | $1.6M | $3.1M |
| Net income | $52.6M | $22.6M | $10.9M | -$8.4M | -$8.4M | -$14.5M | $4.8M | $10.0M | $12.1M | $8.3M |
| EPS, basic | 3.63 | 1.63 | 0.82 | -0.65 | -0.68 | -1.23 | 0.43 | 1.08 | 1.42 | 1.01 |
| EPS, diluted | 3.49 | 1.58 | 0.80 | -0.65 | -0.68 | -1.23 | 0.41 | 1.03 | 1.32 | 0.97 |
| Shares, diluted (wtd. avg.) | $15.1M | $14.2M | $13.6M | $13.0M | $12.5M | $11.8M | $11.8M | $9.8M | $9.2M | $8.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $65.9M | $74.2M | $23.4M | $19.5M | $11.2M | $28.4M | $5.5M | $15.3M | $14.4M | $22.7M |
| Receivables | $64.6M | $65.6M | $69.7M | $60.2M | $67.2M | $53.1M | $57.5M | $61.3M | $38.4M | $30.3M |
| Total current assets | $251.7M | $235.5M | $192.0M | $174.0M | $149.0M | $155.9M | $175.5M | $136.1M | $83.2M | $75.2M |
| Property, plant and equipment | — | — | — | — | $16.8M | $12.5M | $12.1M | $8.0M | $5.3M | $4.5M |
| Goodwill | $179.5M | $141.0M | $131.1M | $130.1M | $130.1M | $130.1M | $127.6M | $97.7M | $38.2M | $21.9M |
| Other intangibles | $35.5M | $29.4M | $32.0M | $41.5M | $52.7M | $64.3M | $76.8M | $44.4M | $10.7M | $5.9M |
| Total assets | $544.2M | $464.9M | $415.6M | $409.7M | $394.4M | $403.0M | $439.9M | $300.9M | $138.2M | $108.3M |
| Accounts payable | $45.6M | $33.8M | $33.2M | $28.8M | $36.7M | $41.4M | $34.0M | $36.8M | $20.8M | $17.4M |
| Short-term debt | $2.5M | $10.1M | $8.5M | $16.9M | $15.0M | — | — | — | — | — |
| Total current liabilities | $161.8M | $137.7M | $114.7M | $127.2M | $117.2M | $116.7M | $132.0M | $91.3M | $56.4M | $51.1M |
| Long-term debt | $46.0M | $79.3M | $89.0M | $90.5M | $85.5M | $113.2M | $130.4M | $70.8M | — | — |
| Total liabilities | $239.4M | $230.5M | $215.7M | $228.2M | $215.2M | $233.9M | $272.6M | $156.6M | $67.5M | $58.4M |
| Retained earnings | $89.7M | $37.1M | $14.6M | $3.7M | $12.1M | $20.5M | $35.0M | $30.2M | $19.6M | $7.5M |
| Total equity | $304.9M | $234.3M | $199.8M | $181.5M | $179.2M | $169.2M | $167.3M | $144.3M | $70.7M | $49.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $80.1M | $72.1M | $39.2M | $9.4M | $9.8M | $47.0M | $11.6M | $7.6M | $11.1M | $21.6M |
| Depreciation and amortisation | $18.7M | $14.7M | $16.4M | $17.5M | $17.1M | $18.7M | $15.5M | $6.2M | $4.1M | $3.2M |
| Stock-based compensation | $11.8M | $7.4M | $5.3M | $8.4M | $16.6M | $16.1M | $12.1M | $6.3M | $2.8M | $1.2M |
| Capital expenditure | $9.4M | $8.4M | $9.9M | $9.6M | $8.5M | $5.1M | $6.6M | $2.1M | $2.2M | $1.7M |
| Investing cash flow | -$45.6M | -$15.7M | -$11.5M | -$9.5M | -$8.5M | -$5.1M | -$78.3M | -$126.4M | -$16.8M | -$10.5M |
| Financing cash flow | -$42.7M | -$5.6M | -$23.8M | $8.4M | -$18.5M | -$19.0M | $56.9M | $119.7M | -$2.5M | -$4.9M |
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 0001104659-26-048621.
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