Willdan Group, Inc. (WLDN) 10-Year Financial Performance & Capital Metrics

WLDN • • Industrial / General

IndustrialsEngineering & ConstructionInfrastructure Engineering & ConsultingEnvironmental & Water Engineering

AboutWilldan Group, Inc., together with its subsidiaries, provides professional, technical and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services, as well as software and data analytics. The Engineering and Consulting segment provides building and safety, city engineering and code enforcement, development plan review and inspection, disaster recovery, geotechnical and earthquake engineering, planning and surveying, contract staff support, program and construction management, structural engineering, transportation and traffic engineering, and water resources services. This segment also offers district administration, financial consulting, and federal compliance services; and communications and technology services. It serves public and governmental agencies, including cities, counties, redevelopment agencies, water districts, school districts, and universities; investor and municipal owned energy utilities; state and federal agencies; and commercial and industrial firms, as well as various other special districts and agencies. The company was founded in 1964 and is headquartered in Anaheim, California.Show more

Revenue $566M +10.9%
EBITDA $46M +19.7%
Net Income $23M +106.6%
EPS (Diluted) 1.58 +97.5%
Gross Margin 35.84% +1.7%
EBITDA Margin 8.15% +7.9%
Operating Margin 5.54% +28.1%
Net Margin 3.99% +86.2%
ROE 10.4% +81.4%
ROIC 8.42% +49.2%
Debt/Equity 0.46 -19.5%
Interest Coverage 4.02 +71.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 36.1%
✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 92 (top 8%)
✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗Weak 3Y average ROE of 3.8%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y18%

5Y5.01%

3Y16.95%

TTM12.9%

Profit (Net Income) CAGR

10Y9.14%

5Y36.06%

3Y-

TTM81.26%

EPS CAGR

10Y2.62%

5Y30.97%

3Y-

TTM70.55%

ROCE

10Y Avg8.13%

5Y Avg1.3%

3Y Avg5.01%

Latest9.98%

Peer Comparison

Environmental & Water Engineering

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WLDNWilldan Group, Inc.	1.98B	133.99	84.80	10.92%	6.37%	14.67%	3.22%	0.46
TTEKTetra Tech, Inc.	9.71B	37.17	39.97	4.69%	5.18%	13.92%	4.52%	0.55

Profit & Loss

	Jan 2016	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Jan 2021	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	135.1M	208.94M	273.35M	272.25M	443.1M	390.98M	353.75M	429.14M	510.1M	565.8M
Revenue Growth %	0.25%	0.55%	0.31%	-0%	0.63%	-0.12%	-0.1%	0.21%	0.19%	0.11%
Cost of Goods Sold+	82.08M	143.26M	196.66M	179.28M	308.13M	261.59M	217.88M	285.56M	330.33M	363.02M
COGS % of Revenue	0.61%	0.69%	0.72%	0.66%	0.7%	0.67%	0.62%	0.67%	0.65%	0.64%
Gross Profit+	53.02M	65.68M	76.69M	92.97M	134.97M	129.39M	135.87M	143.58M	179.77M	202.78M
Gross Margin %	0.39%	0.31%	0.28%	0.34%	0.3%	0.33%	0.38%	0.33%	0.35%	0.36%
Gross Profit Growth %	0.2%	0.24%	0.17%	0.21%	0.45%	-0.04%	0.05%	0.06%	0.25%	0.13%
Operating Expenses+	45.49M	54.14M	62.99M	80.2M	125.61M	145.62M	144.56M	150.64M	157.69M	171.43M
OpEx % of Revenue	0.34%	0.26%	0.23%	0.29%	0.28%	0.37%	0.41%	0.35%	0.31%	0.3%
Selling, General & Admin	30.76M	36.41M	43.93M	57.11M	86.98M	97.82M	127.42M	133.15M	141.26M	171.43M
SG&A % of Revenue	0.23%	0.17%	0.16%	0.21%	0.2%	0.25%	0.36%	0.31%	0.28%	0.3%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	18K	2K	98K	90K	38.63M	47.8M	17.15M	17.49M	16.43M	0
Operating Income+	7.53M	11.54M	13.7M	12.77M	9.36M	-16.23M	-8.69M	-7.06M	22.07M	31.35M
Operating Margin %	0.06%	0.06%	0.05%	0.05%	0.02%	-0.04%	-0.02%	-0.02%	0.04%	0.06%
Operating Income Growth %	-0.09%	0.53%	0.19%	-0.07%	-0.27%	-2.73%	0.46%	0.19%	4.13%	0.42%
EBITDA+	9.6M	14.76M	17.79M	18.98M	24.84M	2.52M	8.46M	10.43M	38.51M	46.1M
EBITDA Margin %	0.07%	0.07%	0.07%	0.07%	0.06%	0.01%	0.02%	0.02%	0.08%	0.08%
EBITDA Growth %	0.09%	0.54%	0.2%	0.07%	0.31%	-0.9%	2.36%	0.23%	2.69%	0.2%
D&A (Non-Cash Add-back)	2.07M	3.22M	4.08M	6.21M	15.47M	18.74M	17.15M	17.49M	16.43M	14.74M
EBIT	7.55M	11.55M	13.8M	12.77M	9.56M	-14.6M	-8.54M	-6.12M	24M	34.48M
Net Interest Income+	-207K	-179K	-111K	-700K	-4.9M	-5.07M	-3.87M	-5.33M	-9.41M	-7.8M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	207K	179K	111K	700K	4.9M	5.07M	3.87M	5.33M	9.41M	7.8M
Other Income/Expense	-189K	-177K	-13K	-610K	-4.71M	-3.44M	-3.71M	-4.39M	-7.48M	-4.67M
Pretax Income+	7.34M	11.37M	13.69M	12.16M	4.66M	-19.67M	-12.4M	-11.45M	14.59M	26.68M
Pretax Margin %	0.05%	0.05%	0.05%	0.04%	0.01%	-0.05%	-0.04%	-0.03%	0.03%	0.05%
Income Tax+	3.08M	3.07M	1.56M	2.13M	-185K	-5.17M	-3.99M	-3M	3.67M	4.11M
Effective Tax Rate %	0.58%	0.73%	0.89%	0.82%	1.04%	0.74%	0.68%	0.74%	0.75%	0.85%
Net Income+	4.26M	8.3M	12.13M	10.03M	4.84M	-14.5M	-8.42M	-8.45M	10.93M	22.57M
Net Margin %	0.03%	0.04%	0.04%	0.04%	0.01%	-0.04%	-0.02%	-0.02%	0.02%	0.04%
Net Income Growth %	-0.55%	0.95%	0.46%	-0.17%	-0.52%	-3.99%	0.42%	-0%	2.29%	1.07%
Net Income (Continuing)	4.26M	8.3M	12.13M	10.03M	4.84M	-14.5M	-8.42M	-8.45M	10.93M	22.57M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.52	0.97	1.32	1.03	0.41	-1.23	-0.68	-0.65	0.80	1.58
EPS Growth %	-0.57%	0.87%	0.36%	-0.22%	-0.6%	-4%	0.45%	0.04%	2.23%	0.97%
EPS (Basic)	0.54	1.01	1.42	1.03	0.43	-1.23	-0.68	-0.65	0.82	1.63
Diluted Shares Outstanding	8.11M	8.56M	9.15M	9.76M	11.77M	11.79M	12.46M	13.01M	13.61M	14.24M
Basic Shares Outstanding	7.83M	8.22M	8.54M	9.74M	11.16M	11.79M	12.46M	13.01M	13.39M	13.82M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jan 2016	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Jan 2021	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	50.52M	75.24M	83.19M	136.09M	175.47M	155.9M	148.96M	173.97M	192.02M	235.52M
Cash & Short-Term Investments	16.49M	22.67M	14.42M	15.26M	5.45M	28.41M	11.22M	8.81M	23.4M	74.16M
Cash Only	16.49M	22.67M	14.42M	15.26M	5.45M	28.41M	11.22M	8.81M	23.4M	74.16M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	31.95M	49.97M	65.01M	115.09M	163.77M	121.94M	132.77M	148.03M	164.73M	156.39M
Days Sales Outstanding	86.31	87.3	86.8	154.3	134.9	113.83	136.99	125.91	117.87	100.89
Inventory	0	0	0	0	0	0	0	10.68M	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	13.65	-	-
Other Current Assets	0	0	0	0	0	0	0	6.45M	3.89M	4.98M
Total Non-Current Assets+	21.83M	33.11M	54.98M	165.74M	264.44M	247.12M	245.46M	235.7M	223.57M	229.34M
Property, Plant & Equipment	3.68M	4.51M	5.31M	8M	34.35M	32.64M	31.93M	34.93M	39.56M	43.57M
Fixed Asset Turnover	36.67x	46.32x	51.52x	34.04x	12.90x	11.98x	11.08x	12.29x	12.89x	12.99x
Goodwill	16.1M	21.95M	38.18M	97.75M	127.65M	130.12M	130.12M	130.12M	131.14M	140.99M
Intangible Assets	1.54M	5.94M	10.67M	44.36M	76.84M	64.26M	52.71M	41.49M	31.96M	29.41M
Long-Term Investments	0	-1.84B	-2.46B	0	0	0	0	9.58M	0	0
Other Non-Current Assets	504K	707K	826K	3.31M	16.3M	5.99M	13.84M	1.04M	4.95M	2.02M
Total Assets+	72.34M	108.35M	138.17M	301.84M	439.91M	403.02M	394.42M	409.67M	415.59M	464.86M
Asset Turnover	1.87x	1.93x	1.98x	0.90x	1.01x	0.97x	0.90x	1.05x	1.23x	1.22x
Asset Growth %	0.32%	0.5%	0.28%	1.18%	0.46%	-0.08%	-0.02%	0.04%	0.01%	0.12%
Total Current Liabilities+	28.02M	51.05M	56.36M	91.31M	131.98M	116.67M	117.21M	127.17M	114.68M	137.68M
Accounts Payable	5.56M	17.39M	20.83M	36.83M	34M	41.37M	36.67M	28.83M	33.19M	33.77M
Days Payables Outstanding	24.73	44.32	38.65	74.98	40.28	57.73	61.43	36.85	36.68	33.95
Short-Term Debt	4.04M	3.97M	383K	8.57M	13.72M	15M	15.04M	16.9M	8.45M	10.14M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	8.69M	11.78M	13.47M	31.61M	11.04M	7.66M	10.01M	52.3M	17.55M	21.94M
Current Ratio	1.80x	1.47x	1.48x	1.49x	1.33x	1.34x	1.27x	1.37x	1.67x	1.71x
Quick Ratio	1.80x	1.47x	1.48x	1.49x	1.33x	1.34x	1.27x	1.28x	1.67x	1.71x
Cash Conversion Cycle	-	-	-	-	-	-	-	102.71	-	-
Total Non-Current Liabilities+	6.71M	7.38M	11.16M	66.24M	140.66M	117.19M	97.99M	101M	101.06M	92.84M
Long-Term Debt	1.08M	2.07M	2.5M	62.21M	116.63M	98.18M	85.54M	90.54M	88.98M	79.35M
Capital Lease Obligations	255K	210K	160K	224K	18.6M	15.88M	11.55M	10.2M	10.94M	11.32M
Deferred Tax Liabilities	331K	1.84M	2.46M	14.07M	0	0	0	15.2M	0	0
Other Non-Current Liabilities	4.3M	5.09M	8.5M	3.8M	5.42M	3.13M	910K	259K	1.14M	2.17M
Total Liabilities	34.73M	58.43M	67.52M	157.55M	272.63M	233.86M	215.2M	228.17M	215.74M	230.52M
Total Debt+	5.82M	6.59M	3.33M	71.33M	154.88M	135.15M	118.23M	123.39M	114.1M	107.75M
Net Debt	-10.66M	-16.08M	-11.09M	56.07M	149.43M	106.75M	107.01M	114.58M	90.7M	33.59M
Debt / Equity	0.15x	0.13x	0.05x	0.49x	0.93x	0.80x	0.66x	0.68x	0.57x	0.46x
Debt / EBITDA	0.61x	0.45x	0.19x	3.76x	6.24x	53.72x	13.98x	11.83x	2.96x	2.34x
Net Debt / EBITDA	-1.11x	-1.09x	-0.62x	2.95x	6.02x	42.43x	12.66x	10.99x	2.36x	0.73x
Interest Coverage	36.38x	64.49x	123.46x	18.24x	1.91x	-3.20x	-2.25x	-1.33x	2.35x	4.02x
Total Equity+	37.62M	49.92M	70.65M	144.29M	167.28M	169.16M	179.22M	181.5M	199.84M	234.34M
Equity Growth %	0.24%	0.33%	0.42%	1.04%	0.16%	0.01%	0.06%	0.01%	0.1%	0.17%
Book Value per Share	4.64	5.83	7.72	14.78	14.22	14.34	14.39	13.95	14.69	16.45
Total Shareholders' Equity	37.62M	49.92M	70.65M	144.29M	167.28M	169.16M	179.22M	181.5M	199.84M	234.34M
Common Stock	79K	83K	88K	110K	115K	122K	128K	133K	137K	142K
Retained Earnings	-840K	7.46M	19.59M	30.17M	35.01M	20.52M	12.1M	3.65M	14.58M	37.15M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-8.4M	-9.14M	-10.38M	-11.79M	-396K	-488K	-38K	0	-664K	-314K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Jan 2021	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	8.1M	21.6M	11.07M	7.57M	11.62M	47.02M	9.8M	9.43M	39.21M	72.07M
Operating CF Margin %	0.06%	0.1%	0.04%	0.03%	0.03%	0.12%	0.03%	0.02%	0.08%	0.13%
Operating CF Growth %	-0.36%	1.67%	-0.49%	-0.32%	0.54%	3.05%	-0.79%	-0.04%	3.16%	0.84%
Net Income	4.26M	8.3M	12.13M	10.03M	4.84M	-14.5M	-8.42M	-8.45M	10.93M	22.57M
Depreciation & Amortization	2.07M	3.22M	4.08M	6.21M	15.47M	18.74M	17.15M	17.49M	16.43M	14.74M
Stock-Based Compensation	777K	1.24M	2.77M	6.26M	12.11M	16.11M	16.56M	0	5.32M	7.39M
Deferred Taxes	1.76M	1.23M	621K	-2.89M	-209K	-5.21M	0	-1.69M	2.58M	2.62M
Other Non-Cash Items	1.13M	241K	994K	-968K	741K	9.02M	1.04M	11.72M	2.21M	805K
Working Capital Changes	-1.89M	7.38M	-9.53M	-11.08M	-21.34M	22.85M	-16.53M	-9.63M	1.75M	23.95M
Change in Receivables	-4.35M	1.29M	-7.41M	3.18M	-25.68M	37.38M	-11.07M	-15.51M	-17.52M	9.96M
Change in Inventory	-2.23M	3.75M	-3.61M	-10.34M	0	0	0	0	0	0
Change in Payables	1.84M	206K	3.19M	-1.58M	-6.29M	7.37M	0	-7.84M	4.36M	-831K
Cash from Investing+	-10.64M	-10.5M	-16.78M	-126.39M	-78.35M	-5.06M	-8.45M	-9.53M	-11.46M	-15.74M
Capital Expenditures	-2.48M	-1.66M	-2.18M	-2.1M	-6.64M	-5.08M	-8.5M	-9.6M	-9.93M	-8.41M
CapEx % of Revenue	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	7K	15K	0	59K	45K	17K	46K	0	68K	34K
Cash from Financing+	848K	-4.92M	-2.53M	119.66M	56.92M	-19.01M	-18.53M	-2.32M	-23.84M	-5.57M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	512K	-748K	1.02M	51.64M	-599K	-1.4M	-2.04M	-11.2M	-13.04M	4.19M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	5.63M	19.94M	8.89M	5.46M	4.98M	41.95M	1.3M	-169K	29.29M	63.66M
FCF Margin %	0.04%	0.1%	0.03%	0.02%	0.01%	0.11%	0%	-0%	0.06%	0.11%
FCF Growth %	-0.54%	2.54%	-0.55%	-0.39%	-0.09%	7.42%	-0.97%	-1.13%	174.31%	1.17%
FCF per Share	0.69	2.33	0.97	0.56	0.42	3.56	0.10	-0.01	2.15	4.47
FCF Conversion (FCF/Net Income)	1.90x	2.60x	0.91x	0.75x	2.40x	-3.24x	-1.16x	-1.12x	3.59x	3.19x
Interest Paid	203K	179K	111K	494K	4.17M	5.03M	3.54M	0	10.19M	7.52M
Taxes Paid	949K	1.88M	2.75M	3.16M	4.05M	174K	0	0	0	1.32M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.52%	18.96%	20.12%	9.33%	3.11%	-8.62%	-4.83%	-4.68%	5.73%	10.4%
Return on Invested Capital (ROIC)	29.74%	28.48%	22.01%	7.37%	2.72%	-4.11%	-2.32%	-1.82%	5.64%	8.42%
Gross Margin	39.25%	31.44%	28.06%	34.15%	30.46%	33.09%	38.41%	33.46%	35.24%	35.84%
Net Margin	3.15%	3.97%	4.44%	3.68%	1.09%	-3.71%	-2.38%	-1.97%	2.14%	3.99%
Debt / Equity	0.15x	0.13x	0.05x	0.49x	0.93x	0.80x	0.66x	0.68x	0.57x	0.46x
Interest Coverage	36.38x	64.49x	123.46x	18.24x	1.91x	-3.20x	-2.25x	-1.33x	2.35x	4.02x
FCF Conversion	1.90x	2.60x	0.91x	0.75x	2.40x	-3.24x	-1.16x	-1.12x	3.59x	3.19x
Revenue Growth	25%	54.65%	30.83%	-0.4%	62.75%	-11.76%	-9.52%	21.31%	18.87%	10.92%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Energy	-	-	-	196.83M	370.71M	324.18M	286.38M	357.46M	426.98M	473.31M
Energy Growth	-	-	-	-	88.34%	-12.55%	-11.66%	24.82%	19.45%	10.85%
Engineering Consulting Services	-	-	-	75.42M	72.38M	66.8M	-	71.68M	83.12M	92.49M
Engineering Consulting Services Growth	-	-	-	-	-4.02%	-7.71%	-	-	15.96%	11.27%
Engineering and Consulting	-	-	-	-	-	-	67.37M	-	-	-
Engineering and Consulting Growth	-	-	-	-	-	-	-	-	-	-
Engineering Services	46M	141.89M	199.61M	-	-	-	-	-	-	-
Engineering Services Growth	-	208.47%	40.68%	-	-	-	-	-	-	-
Energy Efficiency Services	74.12M	52.29M	57.44M	-	-	-	-	-	-	-
Energy Efficiency Services Growth	-	-29.45%	9.84%	-	-	-	-	-	-	-
Public Finance Services	11.86M	12.39M	13.31M	-	-	-	-	-	-	-
Public Finance Services Growth	-	4.46%	7.44%	-	-	-	-	-	-	-
Homeland Security Services	3.13M	2.38M	3M	-	-	-	-	-	-	-
Homeland Security Services Growth	-	-24.02%	26.23%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Willdan Group, Inc. (WLDN) has a price-to-earnings (P/E) ratio of 84.8x. This suggests investors expect higher future growth.

Growth & Financials

Willdan Group, Inc. (WLDN) reported $651.9M in revenue for fiscal year 2024. This represents a 508% increase from $107.2M in 2011.

Willdan Group, Inc. (WLDN) grew revenue by 10.9% over the past year. This is steady growth.

Yes, Willdan Group, Inc. (WLDN) is profitable, generating $41.5M in net income for fiscal year 2024 (4.0% net margin).

Dividend & Returns

Willdan Group, Inc. (WLDN) has a return on equity (ROE) of 10.4%. This is reasonable for most industries.

Willdan Group, Inc. (WLDN) generated $65.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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