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. In the quarter to June 2026, revenue grew 33.2%, EPS grew 51.4%, free cash flow grew 82.0% and total debt rose 12.2%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three.

72.28 0.67 +0.94%
Market cap
$1.1B
P/E
16.4×
Fwd P/E
25.9×
Dividend yield
—
F-score
7/9
Altman Z
5.71
Beneish M
−2.60
Dividend safety
n/a
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
P/E ratio
28.64 23.37 26.35 0.00 0.00 0.00 73.91 31.51 16.55 22.79
Piotroski F-Score
7 8 8 5 5 5 3 4 5 5
Altman Z-Score
5.71 3.17 2.48 1.75 2.19 2.29 2.09 2.61 4.55 4.55
P/S ratio
2.20 0.93 0.56 0.54 1.24 1.26 0.80 1.19 0.73 0.91
P/FCF ratio
21.19 8.26 9.74 0.00 324.83 11.72 70.54 58.68 22.41 9.48
Altman Z″-Score (non-manufacturers)
3.50 3.16 2.66 1.50 1.35 1.29 1.70 2.56 3.50 3.30
Beneish M-Score
(2.60) (3.02) (2.70) (2.68) (2.50) (3.31) (2.31) (1.90) (2.27) (2.44)
P/Operating CF
38.26 15.73 18.93 47.09 38.09 24.41 106.46 (80.99) 22.06 39.00
P/B ratio
4.92 2.25 1.43 1.28 2.45 2.91 2.12 2.25 2.82 3.79
Price to Tangible BV
16.69 8.23 7.78 23.47 0.00 0.00 0.00 148.85 9.14 8.59
EV/Sales
2.17 0.94 0.69 0.71 1.45 1.44 1.05 1.36 0.69 0.81
EV/EBITDA
22.45 11.52 9.16 22.42 47.61 54.95 19.00 21.15 9.90 11.42
EV/Operating CF
18.48 7.39 8.99 32.31 52.39 11.95 40.11 49.05 16.94 7.82
EV/FCF
20.92 8.37 12.01 (3,242.68) 380.46 13.39 92.68 67.23 21.09 8.46
Quick Ratio
0.85 1.03 0.82 0.66 0.72 0.75 0.51 0.86 0.97 1.42
Current Ratio
1.56 1.71 1.67 1.37 1.27 1.34 1.33 1.49 1.48 1.47
Net Debt/EBITDA
(0.29) 0.14 1.73 5.35 6.96 6.85 4.54 2.69 (0.62) (1.38)
Debt/Assets
8.66% 17.37% 21.70% 22.49% 21.88% 24.42% 26.56% 20.75% 1.93% 2.11%
Debt/Equity
0.15 0.34 0.45 0.51 0.48 0.58 0.70 0.43 0.04 0.05
Asset Turnover
1.35 1.29 1.24 1.07 0.89 0.93 1.20 1.24 2.22 2.31
Operating CF/Net income
1.52 3.19 3.59 (1.12) (1.16) (3.24) 2.40 0.75 0.91 2.60
Capex/Depreciation
(0.43) (0.56) (0.60) (0.46) (0.43) (0.19) (0.43) (0.43) (0.42) (0.51)
Interest Coverage
7.68 4.02 2.35 (1.33) (2.25) (3.20) 1.91 18.24 123.46 64.49
ROE
19.49% 10.40% 5.73% (4.68%) (4.83%) (8.62%) 3.11% 9.33% 20.12% 18.96%
ROA
10.42% 5.13% 2.65% (2.10%) (2.11%) (3.44%) 1.31% 4.57% 9.84% 9.19%
ROIC
9.65% 8.13% 5.17% (1.74%) (2.14%) (4.24%) 2.10% 4.17% 14.54% 24.43%
Return on Tangible Assets
43.29% 17.72% 10.46% (12.18%) (17.35%) (28.02%) 8.72% 19.00% 37.74% 28.92%
Average Days of Receivables
37.99 43.78 50.69 55.26 75.81 55.55 51.36 84.78 53.78 87.30
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
26.87% 25.97% 25.82% 28.86% 33.22% 29.77% 23.02% 25.18% 19.91% 22.42%
Intangible Assets out of Total Assets
0.40 0.37 0.39 0.42 0.46 0.48 0.46 0.47 0.35 0.26
Share Based Compensation of Revenue
1.74% 1.31% 1.04% 1.95% 4.68% 4.12% 2.73% 2.30% 1.01% 0.59%
Graham Net Nets
0.01 0.01 (0.08) (0.23) (0.15) (0.16) (0.27) (0.06) 0.08 0.09
Graham Number
41.44 24.94 16.49 0.00 0.00 0.00 12.04 19.72 16.20 11.75
Earnings Yield
3.49% 4.28% 3.80% (3.67%) (1.93%) (3.00%) 1.35% 3.17% 6.04% 4.39%
Free Cash Flow Yield
4.72% 12.10% 10.27% (0.04%) 0.31% 8.53% 1.42% 1.70% 4.46% 10.55%
Revenue per Share
47.13 40.95 38.08 32.98 28.40 33.15 39.70 29.39 32.00 25.42
Operating CF per Share
5.54 5.22 2.93 0.72 0.79 3.99 1.04 0.82 1.30 2.63
Capex per Share
(0.65) (0.61) (0.74) (0.73) (0.68) (0.43) (0.59) (0.22) (0.25) (0.20)
Free Cash Flow per Share
4.89 4.61 2.19 (0.01) 0.11 3.56 0.45 0.60 1.04 2.43
Cash per Share
4.56 5.37 1.75 1.50 0.90 2.41 0.49 1.65 1.69 2.76
Shareholders Equity per Share
21.08 16.96 14.92 13.95 14.39 14.34 14.99 15.58 8.27 6.07
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
21.08 16.96 14.92 13.95 14.39 14.34 14.99 15.58 8.27 6.07
Free Cash Flow
70.74 63.69 29.36 (0.09) 1.35 41.97 5.03 5.52 8.89 19.95
Working Capital
89.92 97.85 77.34 46.81 31.75 39.23 43.50 44.78 26.83 24.19
Capital Expenditures
(9.34) (8.38) (9.86) (9.53) (8.45) (5.06) (6.59) (2.05) (2.18) (1.65)
Net Current Asset Value
12.32 5.00 (23.73) (54.20) (66.24) (77.96) (97.16) (20.53) 15.67 16.81
EV/EBIT
33.53 17.00 15.97 0.00 0.00 0.00 49.78 29.07 13.68 14.62
Capex to Sales
0.01 0.01 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01
Price to Operating Income
33.96 16.79 12.95 0.00 0.00 0.00 37.89 25.37 14.54 16.39
Other line items
Depreciation/Fixed assets
0.69 0.50 0.61 0.92 1.16 2.12 1.26 0.60 0.99 0.72
Cash ROIC
16.93% 16.36% 9.37% (0.03%) 0.49% 14.18% 1.74% 2.49% 10.13% 26.65%
Accounts Receivable Turnover
9.82 8.16 7.51 6.20 5.32 6.42 7.06 5.26 6.06 5.10
Accounts Payable Turnover
10.73 10.84 10.65 8.72 5.58 6.94 8.70 6.22 10.29 12.48
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
39.11 33.95 36.68 36.85 61.43 57.73 40.28 74.98 38.65 44.32
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
69.40 69.35 67.91 69.23 66.49 60.93 62.79 51.76 45.12 40.96
Average Payables
39.70 33.48 31.01 32.75 39.02 37.69 35.41 28.83 19.11 11.48
Average Assets
504.54 440.23 412.63 402.05 398.72 421.47 370.41 219.54 123.26 90.35
Average Common Equity
269.60 217.09 190.67 180.36 174.19 168.22 155.78 107.47 60.29 43.77

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