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Friday 6 November 2026
Export WLDN’s income statement to Excel — free account
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
63.58
7.27
−10.26%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
22.79 | 16.55 | 31.51 | 73.91 | 0.00 | 0.00 | 0.00 | 26.35 | 23.37 | 28.64 |
Piotroski F-Score |
5 | 5 | 4 | 3 | 5 | 5 | 5 | 8 | 8 | 7 |
Altman Z-Score |
4.55 | 4.55 | 2.61 | 2.09 | 2.29 | 2.19 | 1.75 | 2.48 | 3.17 | 5.71 |
P/S ratio |
0.91 | 0.73 | 1.19 | 0.80 | 1.26 | 1.24 | 0.54 | 0.56 | 0.93 | 2.20 |
P/FCF ratio |
9.48 | 22.41 | 58.68 | 70.54 | 11.72 | 324.83 | 0.00 | 9.74 | 8.26 | 21.19 |
Altman Z″-Score (non-manufacturers) |
3.30 | 3.50 | 2.56 | 1.70 | 1.29 | 1.35 | 1.50 | 2.66 | 3.16 | 3.50 |
Beneish M-Score |
(2.44) | (2.27) | (1.90) | (2.31) | (3.31) | (2.50) | (2.68) | (2.70) | (3.02) | (2.60) |
P/Operating CF |
39.00 | 22.06 | (80.99) | 106.46 | 24.41 | 38.09 | 47.09 | 18.93 | 15.73 | 38.26 |
P/B ratio |
3.79 | 2.82 | 2.25 | 2.12 | 2.91 | 2.45 | 1.28 | 1.43 | 2.25 | 4.92 |
Price to Tangible BV |
8.59 | 9.14 | 148.85 | 0.00 | 0.00 | 0.00 | 23.47 | 7.78 | 8.23 | 16.69 |
EV/Sales |
0.81 | 0.69 | 1.36 | 1.05 | 1.44 | 1.45 | 0.71 | 0.69 | 0.94 | 2.17 |
EV/EBITDA |
11.42 | 9.90 | 21.15 | 19.00 | 54.95 | 47.61 | 22.42 | 9.16 | 11.52 | 22.45 |
EV/Operating CF |
7.82 | 16.94 | 49.05 | 40.11 | 11.95 | 52.39 | 32.31 | 8.99 | 7.39 | 18.48 |
EV/FCF |
8.46 | 21.09 | 67.23 | 92.68 | 13.39 | 380.46 | (3,242.68) | 12.01 | 8.37 | 20.92 |
Quick Ratio |
1.42 | 0.97 | 0.86 | 0.51 | 0.75 | 0.72 | 0.66 | 0.82 | 1.03 | 0.85 |
Current Ratio |
1.47 | 1.48 | 1.49 | 1.33 | 1.34 | 1.27 | 1.37 | 1.67 | 1.71 | 1.56 |
Net Debt/EBITDA |
(1.38) | (0.62) | 2.69 | 4.54 | 6.85 | 6.96 | 5.35 | 1.73 | 0.14 | (0.29) |
Debt/Assets |
2.11% | 1.93% | 20.75% | 26.56% | 24.42% | 21.88% | 22.49% | 21.70% | 17.37% | 8.66% |
Debt/Equity |
0.05 | 0.04 | 0.43 | 0.70 | 0.58 | 0.48 | 0.51 | 0.45 | 0.34 | 0.15 |
Asset Turnover |
2.31 | 2.22 | 1.24 | 1.20 | 0.93 | 0.89 | 1.07 | 1.24 | 1.29 | 1.35 |
Operating CF/Net income |
2.60 | 0.91 | 0.75 | 2.40 | (3.24) | (1.16) | (1.12) | 3.59 | 3.19 | 1.52 |
Capex/Depreciation |
(0.51) | (0.42) | (0.43) | (0.43) | (0.19) | (0.43) | (0.46) | (0.60) | (0.56) | (0.43) |
Interest Coverage |
64.49 | 123.46 | 18.24 | 1.91 | (3.20) | (2.25) | (1.33) | 2.35 | 4.02 | 7.68 |
| 18.96% | 20.12% | 9.33% | 3.11% | (8.62%) | (4.83%) | (4.68%) | 5.73% | 10.40% | 19.49% | |
| 9.19% | 9.84% | 4.57% | 1.31% | (3.44%) | (2.11%) | (2.10%) | 2.65% | 5.13% | 10.42% | |
ROIC |
24.43% | 14.54% | 4.17% | 2.10% | (4.24%) | (2.14%) | (1.74%) | 5.17% | 8.13% | 9.65% |
Return on Tangible Assets |
28.92% | 37.74% | 19.00% | 8.72% | (28.02%) | (17.35%) | (12.18%) | 10.46% | 17.72% | 43.29% |
Average Days of Receivables |
87.30 | 53.78 | 84.78 | 51.36 | 55.55 | 75.81 | 55.26 | 50.69 | 43.78 | 37.99 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
22.42% | 19.91% | 25.18% | 23.02% | 29.77% | 33.22% | 28.86% | 25.82% | 25.97% | 26.87% |
Intangible Assets out of Total Assets |
0.26 | 0.35 | 0.47 | 0.46 | 0.48 | 0.46 | 0.42 | 0.39 | 0.37 | 0.40 |
Share Based Compensation of Revenue |
0.59% | 1.01% | 2.30% | 2.73% | 4.12% | 4.68% | 1.95% | 1.04% | 1.31% | 1.74% |
Graham Net Nets |
0.09 | 0.08 | (0.06) | (0.27) | (0.16) | (0.15) | (0.23) | (0.08) | 0.01 | 0.01 |
Graham Number |
11.75 | 16.20 | 19.72 | 12.04 | 0.00 | 0.00 | 0.00 | 16.49 | 24.94 | 41.44 |
Earnings Yield |
4.39% | 6.04% | 3.17% | 1.35% | (3.00%) | (1.93%) | (3.67%) | 3.80% | 4.28% | 3.49% |
Free Cash Flow Yield |
10.55% | 4.46% | 1.70% | 1.42% | 8.53% | 0.31% | (0.04%) | 10.27% | 12.10% | 4.72% |
Revenue per Share |
25.42 | 32.00 | 29.39 | 39.70 | 33.15 | 28.40 | 32.98 | 38.08 | 40.95 | 47.13 |
Operating CF per Share |
2.63 | 1.30 | 0.82 | 1.04 | 3.99 | 0.79 | 0.72 | 2.93 | 5.22 | 5.54 |
Capex per Share |
(0.20) | (0.25) | (0.22) | (0.59) | (0.43) | (0.68) | (0.73) | (0.74) | (0.61) | (0.65) |
Free Cash Flow per Share |
2.43 | 1.04 | 0.60 | 0.45 | 3.56 | 0.11 | (0.01) | 2.19 | 4.61 | 4.89 |
Cash per Share |
2.76 | 1.69 | 1.65 | 0.49 | 2.41 | 0.90 | 1.50 | 1.75 | 5.37 | 4.56 |
Shareholders Equity per Share |
6.07 | 8.27 | 15.58 | 14.99 | 14.34 | 14.39 | 13.95 | 14.92 | 16.96 | 21.08 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
6.07 | 8.27 | 15.58 | 14.99 | 14.34 | 14.39 | 13.95 | 14.92 | 16.96 | 21.08 |
Free Cash Flow |
19.95 | 8.89 | 5.52 | 5.03 | 41.97 | 1.35 | (0.09) | 29.36 | 63.69 | 70.74 |
Working Capital |
24.19 | 26.83 | 44.78 | 43.50 | 39.23 | 31.75 | 46.81 | 77.34 | 97.85 | 89.92 |
Capital Expenditures |
(1.65) | (2.18) | (2.05) | (6.59) | (5.06) | (8.45) | (9.53) | (9.86) | (8.38) | (9.34) |
Net Current Asset Value |
16.81 | 15.67 | (20.53) | (97.16) | (77.96) | (66.24) | (54.20) | (23.73) | 5.00 | 12.32 |
EV/EBIT |
14.62 | 13.68 | 29.07 | 49.78 | 0.00 | 0.00 | 0.00 | 15.97 | 17.00 | 33.53 |
Capex to Sales |
0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 |
Price to Operating Income |
16.39 | 14.54 | 25.37 | 37.89 | 0.00 | 0.00 | 0.00 | 12.95 | 16.79 | 33.96 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.72 | 0.99 | 0.60 | 1.26 | 2.12 | 1.16 | 0.92 | 0.61 | 0.50 | 0.69 |
Cash ROIC |
26.65% | 10.13% | 2.49% | 1.74% | 14.18% | 0.49% | (0.03%) | 9.37% | 16.36% | 16.93% |
Accounts Receivable Turnover |
5.10 | 6.06 | 5.26 | 7.06 | 6.42 | 5.32 | 6.20 | 7.51 | 8.16 | 9.82 |
Accounts Payable Turnover |
12.48 | 10.29 | 6.22 | 8.70 | 6.94 | 5.58 | 8.72 | 10.65 | 10.84 | 10.73 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
44.32 | 38.65 | 74.98 | 40.28 | 57.73 | 61.43 | 36.85 | 36.68 | 33.95 | 39.11 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
40.96 | 45.12 | 51.76 | 62.79 | 60.93 | 66.49 | 69.23 | 67.91 | 69.35 | 69.40 |
Average Payables |
11.48 | 19.11 | 28.83 | 35.41 | 37.69 | 39.02 | 32.75 | 31.01 | 33.48 | 39.70 |
Average Assets |
90.35 | 123.26 | 219.54 | 370.41 | 421.47 | 398.72 | 402.05 | 412.63 | 440.23 | 504.54 |
Average Common Equity |
43.77 | 60.29 | 107.47 | 155.78 | 168.22 | 174.19 | 180.36 | 190.67 | 217.09 | 269.60 |
Columns are period end dates · fundamentals updated 6 Nov 2026