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Willdan Group, Inc.

WLDN Industrials Engineering & Construction

Willdan Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $681.6 million, up 20.5% from fiscal 2024.

Revenue
+17.9%
EPS
−17.0%
Free cash flow
+82.0%
Total debt
+25.3%

Quarter to September 2026, against a year earlier

70.88 3.32 −4.47%
Market cap
$1.1B
P/E
16.6×
Fwd P/E
20.2×
Dividend yield
—
F-score
7/9
Altman Z
5.71
Beneish M
−2.60
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 12.48
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 1 — 2 — — — 3 — —
Insider Ownership 3.40%

Capital & Financial Ratios $m

Size
Market Cap 1,080.00
Revenue ttm 774.36
Net income ttm 63.45
Free cash flow ttm 64.57
Net debt Q 17.83
Valuation
P/E 16.64
Forward P/E 20.20
Price / sales 1.39
Forward P/S Powerpack
Price / FCF 16.68
Price / book 2.90
Financial health
Current ratio Q 1.48
Debt / equity Q 0.16 (at or below 0.5: strong)
Interest coverage Q 15.22
Growth
Revenue growth Q +17.87% (above 0%: growing)
Operating income growth Q +9.70% (above 0%: growing)
EPS, this year +3.95%
EPS, next year A +8.52%
Revenue, next year A +21.31% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +22.34% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.4×, against a ten-year median of 1.0×; over the ten years it ranged from 0.3× in 2016 to 2.7× in 2026.
P/E against its own 10 years 6.39%
10-year low 10-year high
P/S against its own 10 years 84.53%
10-year low 10-year high
P/B against its own 10 years 62.30%
10-year low 10-year high
EV/Sales against its own 10 years 76.35%
10-year low 10-year high
EV/FCF against its own 10 years 45.52%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 23 74 66 42
Receivables 71 68 71 100
Inventory — — — —
Other 94 89 107 —
192 236 252 284
2023 2024 2025 Q'26
Payables 33 34 46 52
ST’ Debt — — — —
Other 13 24 25 —
115 138 162 192

Compound Annual Growth %

10y 5y 3y
Sales 17.57% 11.76% 16.67%
Cash Flow 25.75% 11.24% 104.00%
Earnings 28.57% 0.00% 0.00%
Book Value 23.27% 12.50% 18.87%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 1.22 Actual 2.07

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.81 1.21 Beat by 0.40
Q4 FY25 0.79 1.57 Beat by 0.78
Q1 FY26 0.81 0.91 Beat by 0.10
Q2 FY26 1.22 2.07 Beat by 0.85
Q3 FY26 1.07 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.55 1.58 0.76 — —
’25 0.32 1.03 0.90 1.23 3.49
’24 0.21 0.33 0.51 0.53 1.58
’23 0.07 0.03 0.11 0.58 0.80
’22 (0.30) (0.33) 0.01 (0.03) (0.65)
’21 (0.31) (0.37) 0.06 (0.07) (0.68)
’20 (0.71) (0.43) 0.21 (0.33) (1.23)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 155 231 215 — —
’25 152 173 182 174 682
’24 122 141 158 144 566
’23 103 119 133 156 510
’22 92 103 121 113 429
’21 79 84 98 92 354
’20 106 84 105 97 391
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (24) 44 13 — —
’25 3 25 12 39 80
’24 27 1 11 33 72
’23 17 2 5 15 39
’22 (8) 4 8 5 9
’21 6 (6) (1) 12 10
’20 16 13 (2) 20 47
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (26) 42 12 — —
’25 1 23 10 37 71
’24 25 (1) 9 31 64
’23 14 (1) 3 13 29
’22 (10) 2 5 2 0
’21 4 (8) (3) 8 1
’20 14 12 (3) 19 42
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 209 273 272 443 391 354 429 510 566 682 774 +14.0% 827 960 — +18.7%
Gross margin, % 31.44 28.06 34.15 30.46 33.09 38.41 33.46 35.24 35.84 37.51 38.18 +6.1 pt
EBT 11 14 12 5 (20) (12) (11) 15 27 40 52 +15.0%
EBT margin, % 5.44 5.01 4.47 1.05 (5.03) (3.51) (2.67) 2.86 4.72 5.87 6.72 +0.4 pt
Net income 8 12 10 5 (14) (8) (8) 11 23 53 63 +22.8%
Per share, $
Per share, $ Revenue 25.42 32.00 29.39 39.70 33.15 28.40 32.98 38.08 40.95 47.13 50.96 +7.1%
Earnings 1.01 1.42 1.08 0.43 (1.23) (0.68) (0.65) 0.82 1.63 3.63 4.26 +15.3%
Cash flow 2.63 1.30 0.82 1.04 3.99 0.79 0.72 2.93 5.22 5.54 4.75 +8.6%
Capex (0.20) (0.25) (0.22) (0.59) (0.43) (0.68) (0.73) (0.74) (0.61) (0.65) (0.50) +13.9%
Free cash flow 2.43 1.04 0.60 0.45 3.56 0.11 (0.01) 2.19 4.61 4.89 4.25 +8.1%
Book value 6.07 8.27 15.58 14.99 14.34 14.39 13.95 14.92 16.96 21.08 24.42 +14.8%
Shares, m 8 9 9 11 12 12 13 13 14 14 15 +6.5%
Valuation, ×
Valuation, × P/E 22.79 16.55 31.51 73.91 0.00 0.00 0.00 26.35 23.37 28.64 16.64 22.3
P/S 0.91 0.73 1.19 0.80 1.26 1.24 0.54 0.56 0.93 2.20 1.39 1.0
P/B 3.79 2.82 2.25 2.12 2.91 2.45 1.28 1.43 2.25 4.92 2.90 2.6
EV/Sales 0.81 0.69 1.36 1.05 1.44 1.45 0.71 0.69 0.94 2.17 1.41 1.1
EV/FCF 8.46 21.09 67.23 92.68 13.39 380.46 (3,242.68) 12.01 8.37 20.92 16.96 (261.8)
Cash, $m
Cash, $m Operating cash flow 22 11 8 12 47 10 9 39 72 80 72 +15.7%
Capex (2) (2) (2) (7) (5) (8) (10) (10) (8) (9) (8) +21.3%
Free cash flow 20 9 6 5 42 1 0 29 64 71 65 +15.1%
Balance, $m
Balance, $m Working capital 24 27 45 43 39 32 47 77 98 90 93 +15.7%
Net debt (20) (12) 47 111 70 75 73 67 7 (19) 18 (0.9%)
Shareholders’ equity 50 71 144 167 169 179 182 200 234 305 371 +22.3%
Returns, %
Returns, % ROA 9.19 9.84 4.57 1.31 (3.44) (2.11) (2.10) 2.65 5.13 10.42 11.00 +1.2 pt
ROIC 24.43 14.54 4.17 2.10 (4.24) (2.14) (1.74) 5.17 8.13 9.65 8.64 (14.8) pt
ROE 18.96 20.12 9.33 3.11 (8.62) (4.83) (4.68) 5.73 10.40 19.49 19.40 +0.5 pt
People
People Employees 831 882 1,202 1,451 1,353 1,560 1,491 1,616 1,761 1,814 — +9.1%
Revenue/emp, $m 0.25 0.31 0.23 0.31 0.29 0.23 0.29 0.32 0.32 0.38 — +4.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026

Willdan Group, Inc. vs peers in Engineering & Construction (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CDLR Cadeler A/S Sponsored ADR $2.9B — (loss-making) — +122.12% (above 0%: growing) n/m +99.04% (above 0%: growing) 21.46% 6.24% Compare
LGN Legence Corp. $2.8B — (loss-making) 15.4× +110.74% (above 0%: growing) n/m +106.83% (above 0%: growing) 17.45% (0.52%) Compare
WLDN Willdan Group, Inc. $1.1B 16.0× 20.2× +33.18% (above 0%: growing) +51.40% (above 0%: growing) +82.02% (above 0%: growing) 37.85% 8.54%
AMRC Ameresco, Inc. $1.0B 36.1× 18.5× +9.14% (above 0%: growing) −25.00% (below 0%: shrinking) −81.22% (below 0%: shrinking) 17.71% 8.57% Compare
BWMN Bowman Consulting Group Ltd. $745.4M 102× 58.6× +19.69% (above 0%: growing) n/m −457.88% (below 0%: shrinking) 53.20% 5.57% Compare
CDNL Cardinal Infrastructure Group Inc. $597.5M — — — — −728.05% (below 0%: shrinking) 15.88% 6.82% Compare
ITG ITG Inc. $525.2M — — — — — 17.81% 5.58% Compare
BBCP CONCRETE PUMPING HOLDINGS, INC. $479.8M 56.4× 51.2× +12.63% (above 0%: growing) +28.57% (above 0%: growing) −28.85% (below 0%: shrinking) 38.74% 12.92% Compare
PHOE Phoenix Asia Holdings Limited $396.2M — — — — −1,148.32% (below 0%: shrinking) — — Compare
Median of peers $671.4M 56.4× 34.9× +19.69% — −81.22% 17.81% 6.24%

All 51 Engineering & Construction stocks →

Pay and ownership Proxy statement filed 24 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 3.64m 10.62m 155.65
2024 2.40m 5.00m (7.92)
2023 1.58m 2.68m (48.45)
2022 2.09m (1.40m) (57.20)
2021 2.99m 959.66k (15.59)

Ownership

Directors and executive officers, together 5.60%
The Vanguard Group 6.50%
BlackRock, Inc. 6.10%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Willdan Group, Inc. (WLDN) Latest News

6 Nov

Impact 4 · · GuruFocus.com
Impact 4 · · The Motley Fool transcript

5 Nov

Impact 4 · · Business Wire
Impact 3 · · Associated Press

31 Oct

Impact 3 · · Simply Wall St.

30 Oct

Impact 4 · · Business Wire

29 Oct

Impact 4 · · Zacks

28 Oct

Impact 3 · · Zacks

24 Sep

Impact 4 · · Simply Wall St.

22 Sep

Impact 4 · · Business Wire

17 Aug

Impact 4 ·

13 Aug

Impact 3 · · The Motley Fool transcript

7 Aug

Impact 4 ·
Impact 3 · · MarketBeat transcript
Impact 3 · · Moby transcript

6 Aug

Impact 3 ·
Impact 3 ·

23 Jul

Impact 3 ·

15 Jul

Impact 3 ·

14 Jul

Impact 3 ·

1 Jul

Impact 3 ·

18 May

Impact 3 · · Insider Monkey

12 May

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

11 May

Impact 3 · · Simply Wall St.

9 May

Impact 4 · · The Motley Fool
Impact 4 · · MarketBeat

8 May

Impact 4 · · The Motley Fool transcript
Impact 4 · · MT Newswires
Impact 4 · · Moby
stockrow.com/WLDN · Data as of Nov 6, 2026 · For information only; not investment advice. · © 2026 stockrow.com