Ameresco, Inc. (AMRC) vs Willdan Group, Inc. (WLDN)

Ameresco, Inc. and Willdan Group, Inc. are both Engineering & Construction companies. Ameresco, Inc. and Willdan Group, Inc. are of similar size ($1.2B and $1.2B). Willdan Group, Inc. trades at the lower P/E: 17.9× against 40.5×. Willdan Group, Inc. grew revenue faster over the last twelve months: 18.1% against 8.89%. Willdan Group, Inc. has the higher net margin (8.80% vs 1.40%) and the higher return on invested capital (8.68% vs 2.76%). Across the 21 metrics below, Willdan Group, Inc. leads on 15 and Ameresco, Inc. on 6.

Valuation

Metric AMRC WLDN Engineering & Construction median
P/E 40.53 17.85 28.59
P/S 0.56 1.60 1.15
P/B 0.84 3.39 3.96
Price to free cash flow n/m 19.02 25.24
EV/EBITDA 11.14 15.73 14.87
EV/Sales 1.42 1.64 1.42
Earnings yield 2.47% 5.60% 2.47%
Free cash flow yield (9.20%) 5.26% 1.91%

Profitability

Metric AMRC WLDN Engineering & Construction median
Gross margin 16.13% 37.79% 18.76%
Operating margin 6.72% 7.05% 6.26%
Net margin 1.40% 8.80% 2.23%
Free cash flow margin (5.13%) 8.41% 1.83%
Return on equity 2.34% 21.19% 7.90%
Return on assets 0.62% 11.67% 0.87%
Return on invested capital 2.76% 8.68% 2.52%

Growth

Metric AMRC WLDN Engineering & Construction median
Revenue growth (TTM) 8.89% 18.09% 16.67%
EPS growth (last fiscal year) (22.43%) 120.89% —
Revenue growth, 5-year CAGR 13.36% 11.76% 11.76%
Net income growth, 5-year CAGR (3.91%) 0.00% 0.00%

Health

Metric AMRC WLDN Engineering & Construction median
Debt to equity 1.45 0.19 0.40
Current ratio 1.67 1.37 1.39
Net debt to EBITDA 7.35 (0.29) 0.38

Dividend

Metric AMRC WLDN Engineering & Construction median
Dividend yield — — 0.65%
Payout ratio 0.00 0.00 0.00

Size

Metric AMRC WLDN Engineering & Construction median
Market cap 1.15b 1.21b 1.31b

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