Great Lakes Dredge & Dock Corporation (GLDD) Financial Ratios
25 years of historical data (2001–2025) · Industrials · Engineering & Construction
EV/EBITDA
↓
9.34
↓-45% vs avg
5yr avg: 16.98
30Y Low5.2·High43.1
P/FCF
11.41
↑+28% vs avg
5yr avg: 8.94
30Y Low4.4·High86.5
P/B Ratio
↓
2.23
↑+32% vs avg
5yr avg: 1.69
30Y Low0.9·High2.7
ROE
↑
15.2%
↓+106% vs avg
5yr avg: 7.4%
30Y Low-221%·High21%
Debt/EBITDA
↓
2.71
↓-65% vs avg
5yr avg: 7.85
30Y Low0.0·High22.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GLDD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Great Lakes Dredge & Dock Corporation trades at 15.7x earnings, 24% below its 5-year average of 20.8x, sitting at the 38th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a discount of 38%. On a free-cash-flow basis, the stock trades at 11.4x P/FCF, 28% above the 5-year average of 8.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $889M | $766M | $514M | $393M | $1.0B | $868M | $737M | $421M | $331M | $258M |
| Enterprise Value | $1.6B | $1.3B | $1.3B | $997M | $800M | $1.3B | $1.0B | $945M | $720M | $746M | $639M |
| P/E Ratio → | 15.74 | 12.15 | 13.44 | 36.57 | — | 20.96 | 13.17 | 14.91 | — | — | — |
| P/S Ratio | 1.28 | 1.00 | 1.00 | 0.87 | 0.61 | 1.44 | 1.18 | 1.04 | 0.68 | 0.56 | 0.34 |
| P/B Ratio | 2.23 | 1.72 | 1.71 | 1.33 | 1.07 | 2.61 | 2.50 | 2.64 | 1.96 | 1.50 | 1.04 |
| P/FCF | 11.41 | 8.94 | — | — | — | — | 27.69 | 5.24 | 4.77 | — | — |
| P/OCF | 4.60 | 3.60 | 10.93 | 10.84 | 584.83 | 23.36 | 10.99 | 3.88 | 3.06 | 15.40 | 6.67 |
P/E links to full P/E history page with 30-year chart
GLDD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Great Lakes Dredge & Dock Corporation's enterprise value stands at 9.3x EBITDA, 45% below its 5-year average of 17.0x. The Industrials sector median is 13.9x, placing the stock at a 33% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.50 | 1.71 | 1.69 | 1.23 | 1.76 | 1.42 | 1.33 | 1.16 | 1.26 | 0.83 |
| EV / EBITDA | 9.34 | 7.89 | 9.64 | 14.10 | 43.15 | 10.13 | 6.94 | 6.99 | 6.99 | 20.36 | 7.82 |
| EV / EBIT | 12.57 | 11.39 | 14.00 | 32.75 | — | 15.17 | 9.35 | 9.82 | 14.39 | — | 26.83 |
| EV / FCF | — | 13.41 | — | — | — | — | 33.20 | 6.72 | 8.16 | — | — |
GLDD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Great Lakes Dredge & Dock Corporation earns an operating margin of 14.1%, above the Industrials sector average of 4.3%. Operating margins have expanded from 4.8% to 14.1% over the past 3 years, signaling improving operational efficiency. ROE of 15.2% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 9.7% represents adequate returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.9% | 22.9% | 21.1% | 13.2% | 4.8% | 20.0% | 23.3% | 21.6% | 19.4% | 11.1% | 11.3% |
| Operating Margin | 14.1% | 14.1% | 12.2% | 4.8% | -4.3% | 11.5% | 15.2% | 13.8% | 8.5% | -3.3% | 3.5% |
| Net Profit Margin | 8.3% | 8.3% | 7.5% | 2.4% | -5.2% | 6.8% | 9.0% | 6.9% | -1.0% | -5.3% | -1.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.2% | 15.2% | 13.7% | 3.7% | -8.9% | 13.3% | 21.1% | 20.0% | -2.9% | -13.3% | -3.3% |
| ROA | 5.6% | 5.6% | 4.7% | 1.3% | -3.4% | 5.1% | 7.1% | 6.1% | -0.8% | -3.6% | -0.9% |
| ROIC | 9.7% | 9.7% | 7.5% | 2.6% | -2.9% | 10.8% | 16.6% | 14.7% | 6.9% | -2.3% | 3.3% |
| ROCE | 11.4% | 11.4% | 9.2% | 3.2% | -3.3% | 10.3% | 15.2% | 15.6% | 8.4% | -2.8% | 3.8% |
GLDD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Great Lakes Dredge & Dock Corporation carries a Debt/EBITDA ratio of 2.7x, which is moderately leveraged (16% below the sector average of 3.2x). Net debt stands at $445M ($458M total debt minus $13M cash). Interest coverage of 7.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.89 | 0.89 | 1.23 | 1.31 | 1.12 | 0.96 | 1.12 | 1.41 | 1.55 | 1.95 | 1.58 |
| Debt / EBITDA | 2.71 | 2.71 | 4.06 | 7.15 | 22.30 | 3.03 | 2.59 | 2.92 | 3.24 | 11.75 | 4.80 |
| Net Debt / Equity | — | 0.86 | 1.20 | 1.25 | 1.10 | 0.60 | 0.50 | 0.75 | 1.39 | 1.88 | 1.54 |
| Net Debt / EBITDA | 2.63 | 2.63 | 3.99 | 6.83 | 21.95 | 1.88 | 1.15 | 1.54 | 2.90 | 11.32 | 4.67 |
| Debt / FCF | — | 4.47 | — | — | — | — | 5.51 | 1.48 | 3.39 | — | — |
| Interest Coverage | 6.99 | 6.99 | 5.22 | 2.51 | -2.08 | 3.91 | 4.19 | 3.50 | 1.49 | -0.73 | 1.02 |
GLDD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.97x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.26x to 0.97x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.97 | 0.97 | 1.17 | 1.26 | 1.14 | 2.12 | 2.06 | 1.47 | 1.27 | 1.74 | 1.71 |
| Quick Ratio | 0.84 | 0.84 | 1.03 | 1.07 | 0.96 | 1.92 | 1.86 | 1.33 | 1.09 | 1.51 | 1.50 |
| Cash Ratio | 0.06 | 0.06 | 0.05 | 0.13 | 0.04 | 0.94 | 1.23 | 0.92 | 0.21 | 0.11 | 0.06 |
| Asset Turnover | — | 0.67 | 0.58 | 0.53 | 0.66 | 0.73 | 0.77 | 0.79 | 0.85 | 0.71 | 0.86 |
| Inventory Turnover | 24.52 | 24.52 | 20.16 | 15.09 | 21.13 | 18.88 | 16.21 | 18.48 | 17.80 | 15.22 | 14.87 |
| Days Sales Outstanding | — | 62.16 | 91.99 | 76.48 | 62.34 | 61.72 | 35.37 | 21.72 | 48.64 | 80.04 | 87.07 |
GLDD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Great Lakes Dredge & Dock Corporation returns 1.0% to shareholders annually primarily through share buybacks. The earnings yield of 6.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.4% | 8.2% | 7.4% | 2.7% | — | 4.8% | 7.6% | 6.7% | — | — | — |
| FCF Yield | 8.8% | 11.2% | — | — | — | — | 3.6% | 19.1% | 21.0% | — | — |
| Buyback Yield | 1.0% | 1.3% | 0.2% | 0.0% | 0.0% | 0.0% | 0.4% | 0.0% | 0.3% | 0.1% | 0.1% |
| Total Shareholder Yield | 1.0% | 1.3% | 0.2% | 0.0% | 0.0% | 0.0% | 0.4% | 0.0% | 0.3% | 0.1% | 0.1% |
| Shares Outstanding | — | $68M | $68M | $67M | $66M | $66M | $66M | $65M | $64M | $61M | $61M |
Peer Comparison
Compare GLDD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 GLDDYou | $1B | 15.7 | 9.3 | 11.4 | 22.9% | 14.1% | 15.2% | 9.7% | 2.7 |
 CIVI | $2B | 3.2 | 1.9 | 2.6 | 41.2% | 29.0% | 13.1% | 10.8% | 1.3 |
 GVA | $6B | 40.4 | 17.7 | 19.4 | 16.1% | 5.9% | 16.8% | 10.8% | 3.8 |
 PRIM | $5B | 20.2 | 12.3 | 16.1 | 10.7% | 5.5% | 17.8% | 13.6% | 2.5 |
 STRL | $26B | 91.9 | 53.7 | 72.9 | 22.1% | 16.6% | 30.0% | 38.9% | 0.7 |
 ROAD | $7B | 66.7 | 21.8 | 45.2 | 15.6% | 8.5% | 13.7% | 10.3% | 4.4 |
 MYRG | $7B | 61.2 | 31.1 | 30.9 | 11.5% | 4.4% | 18.8% | 18.3% | 0.5 |
 WLDN | $1B | 25.5 | 21.5 | 19.0 | 37.5% | 6.5% | 19.5% | 11.5% | 1.1 |
 CAT | $459B | 52.4 | 36.5 | 44.6 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
 VMC | $39B | 37.3 | 19.1 | 34.6 | 27.3% | 20.1% | 13.0% | 8.8% | 2.3 |
 MLM | $37B | 32.4 | 19.5 | 37.6 | 30.0% | 23.3% | 11.7% | 7.6% | 2.5 |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 25 years · Updated daily
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GLDD — Frequently Asked Questions
Quick answers to the most common questions about buying GLDD stock.
What is Great Lakes Dredge & Dock Corporation's P/E ratio?
Great Lakes Dredge & Dock Corporation's current P/E ratio is 15.7x. The historical average is 37.5x. This places it at the 38th percentile of its historical range.
What is Great Lakes Dredge & Dock Corporation's EV/EBITDA?
Great Lakes Dredge & Dock Corporation's current EV/EBITDA is 9.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.0x.
What is Great Lakes Dredge & Dock Corporation's ROE?
Great Lakes Dredge & Dock Corporation's return on equity (ROE) is 15.2%. The historical average is -7.2%.
Is GLDD stock overvalued?
Based on historical data, Great Lakes Dredge & Dock Corporation is trading at a P/E of 15.7x. This is at the 38th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Great Lakes Dredge & Dock Corporation's profit margins?
Great Lakes Dredge & Dock Corporation has 22.9% gross margin and 14.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Great Lakes Dredge & Dock Corporation have?
Great Lakes Dredge & Dock Corporation's Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.