Willdan Group, Inc. WLDN

Industrials SIC 8711 - Services-Engineering Services NAICS Professional, Scientific, and Technical Services › Architectural, Engineering, and Related Services › Engineering Services derived Nasdaq

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.

Last close 72.48 2026-10-23
Market cap $1.10B 2026-07-03 share count
52-week range 64.67 - 137.00

Valuation FY2025 figures against the last close

P/S1.6x
P/E20.8x
P/FCF15.6x
EV/EBITDA17.3x
Dividend yield—
Diluted EPS3.49

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Energy
  • Engineering and Consulting
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Energy, FY2025: 576.1M (84.5%) 85% Energy Engineering and Consulting, FY2025: 105.5M (15.5%) 15% FY2024 Energy, FY2024: 473.3M (83.7%) 84% Engineering and Consulting, FY2024: 92.5M (16.3%) 16% FY2023 Energy, FY2023: 427M (83.7%) 84% Engineering and Consulting, FY2023: 83.1M (16.3%) 16%
Segment FY2025FY2024FY2023
Energy $576.1M $473.3M $427.0M
Engineering and Consulting $105.5M $92.5M $83.1M

As the company reported it, from the “SEGMENT AND GEOGRAPHICAL INFORMATION - Statement of Operations (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 3.631.630.82-0.65-0.68-1.230.431.081.421.01
EPS, diluted 3.491.580.80-0.65-0.68-1.230.411.031.320.97
Shares, diluted (wtd. avg.) 15.1M14.2M13.6M13.0M12.5M11.8M11.8M9.8M9.2M8.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M 800M Revenue, FY2016: 208.9M Gross profit, FY2016: 65.7M Net income, FY2016: 8.3M Revenue, FY2017: 273.4M Gross profit, FY2017: 76.7M Net income, FY2017: 12.1M Revenue, FY2018: 272.3M Gross profit, FY2018: 93M Net income, FY2018: 10M Revenue, FY2019: 443.1M Gross profit, FY2019: 135M Net income, FY2019: 4.8M Revenue, FY2020: 391M Gross profit, FY2020: 129.4M Net income, FY2020: -14.5M Revenue, FY2021: 353.8M Gross profit, FY2021: 135.9M Net income, FY2021: -8.4M Revenue, FY2022: 429.1M Gross profit, FY2022: 143.6M Net income, FY2022: -8.4M Revenue, FY2023: 510.1M Gross profit, FY2023: 179.8M Net income, FY2023: 10.9M Revenue, FY2024: 565.8M Gross profit, FY2024: 202.8M Net income, FY2024: 22.6M Revenue, FY2025: 681.6M Gross profit, FY2025: 255.7M Net income, FY2025: 52.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $208.9M $273.4M $272.3M $443.1M $391.0M $353.8M $429.1M $510.1M $565.8M $681.6M
Gross profit $65.7M $76.7M $93.0M $135.0M $129.4M $135.9M $143.6M $179.8M $202.8M $255.7M
Net income $8.3M $12.1M $10.0M $4.8M -$14.5M -$8.4M -$8.4M $10.9M $22.6M $52.6M

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
  • 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
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • 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
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02
  • Annual report filed Form 10-K

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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