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Willdan Group, Inc., together with its subsidiaries, provides professional, technical, and consulting services through engineering, program management, policy advisory, and software and data analytics primarily in the United States. The company operates in two segments: Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, AI data center power solutions, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services. The Engineering and Consulting segment provides building and safety, city engineering and code enforcement, development review, disaster recovery, geotechnical, earthquake, planning and surveying, contract staff support, program and construction management, structures, transportation and traffic engineering, and water resources services. This segment also offers district administration, financial consulting, and federal compliance services. It serves investor and municipal owned energy utilities, public and governmental agencies, including cities, counties, redevelopment agencies, water districts, school districts, and universities; state and federal agencies; and commercial and industrial firms, as well as various other special districts and agencies. Willdan Group, Inc. was founded in 1964 and is headquartered in Anaheim, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $682M | $64M | $53M | $71M | 17.2% | 20.5% | 132.9% |
| 2024 | $566M | $49M | $23M | $64M | 9.6% | 10.9% | 106.6% |
| 2023 | $510M | $40M | $11M | $29M | 5.5% | 18.9% | - |
| 2022 | $429M | $11M | $-8M | $-0M | -4.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 429.14 | 510.10 | 565.80 | 681.55 |
| Cost Of Revenue | 285.56 | 330.33 | 363.02 | 425.87 |
| Gross Profit | 143.58 | 179.77 | 202.78 | 255.68 |
| Operating Expense | 150.64 | 157.69 | 171.43 | 211.53 |
| Operating Income | -7.06 | 22.07 | 31.35 | 44.15 |
| EBITDA | 11.37 | 40.44 | 49.23 | 64.43 |
| EBIT | -6.12 | 24 | 34.48 | 45.74 |
| Pretax Income | -11.45 | 14.59 | 26.68 | 39.99 |
| Tax Provision | -3 | 3.67 | 4.11 | -12.56 |
| Net Income | -8.45 | 10.93 | 22.57 | 52.56 |
| Net Income Common Stockholders | -8.45 | 10.93 | 22.57 | 52.56 |
| Total Expenses | 436.20 | 488.02 | 534.45 | 637.40 |
| Interest Expense | 5.33 | 9.41 | 7.80 | 5.75 |
| Selling General And Administration | 133.15 | 141.26 | 156.68 | 192.85 |
| Normalized EBITDA | 11.37 | 40.44 | 49.23 | 64.43 |
| Normalized Income | -8.45 | 10.93 | 22.57 | 52.56 |
| Basic EPS | -0.65 | 0.82 | 1.63 | 3.63 |
| Diluted EPS | -0.65 | 0.80 | 1.58 | 3.49 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.26 | 0.25 | 0.15 | 0.40 |
| Net Income From Continuing Operation Net Minority Interest | -8.45 | 10.93 | 22.57 | 52.56 |
| Reconciled Depreciation | 17.49 | 16.43 | 14.74 | 18.69 |
| Reconciled Cost Of Revenue | 285.56 | 330.33 | 363.02 | 425.87 |
| Net Interest Income | -5.33 | -9.41 | -7.80 | -5.75 |
| Net Income From Continuing And Discontinued Operation | -8.45 | 10.93 | 22.57 | 52.56 |
| Total Operating Income As Reported | -7.06 | 22.07 | 31.35 | 44.15 |
| Diluted Average Shares | 13.01 | 13.61 | 14.24 | 15.07 |
| Basic Average Shares | 13.01 | 13.39 | 13.82 | 14.46 |
| Diluted NI Availto Com Stockholders | -8.45 | 10.93 | 22.57 | 52.56 |
| Net Income Including Noncontrolling Interests | -8.45 | 10.93 | 22.57 | 52.56 |
| Net Income Continuous Operations | -8.45 | 10.93 | 22.57 | 52.56 |
| Other Income Expense | 0.94 | 1.93 | 3.13 | 1.59 |
| Other Non Operating Income Expenses | 0.94 | 1.93 | 3.13 | 1.59 |
| Net Non Operating Interest Income Expense | -5.33 | -9.41 | -7.80 | -5.75 |
| Interest Expense Non Operating | 5.33 | 9.41 | 7.80 | 5.75 |
| Other Operating Expenses | 33.69 | 0 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | 17.49 | 16.43 | 14.74 | 18.69 |
| Depreciation And Amortization In Income Statement | 17.49 | 16.43 | 14.74 | 18.69 |
| General And Administrative Expense | 133.15 | 141.26 | 156.68 | 192.85 |
| Other Gand A | 42.98 | 40.38 | 43.92 | 55.29 |
| Salaries And Wages | 90.17 | 100.88 | 112.76 | 137.56 |
| Operating Revenue | 429.14 | 510.10 | 565.80 | 681.55 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Willdan Group, Inc.this co. | WLDN | $1.1B | 20.88↓ discount | 3.53 | 17.2% | 17.21 |
| Cadre Holdings, Inc. | CDRE | $1.2B | 26.84 | 3.63 | 13.9% | 14.36 |
| NANO Nuclear Energy Inc. | NNE | $1.2B | - | 1.89 | -18.0% | -11.07 |
| BrightView Holdings, Inc. | BV | $1.1B | 168.57 | 0.89 | 3.1% | 7.46 |
| Resolute Holdings Management, Inc. | RHLD | $1.1B |
| - |
| 172.36 |
| -7.6% |
| 7.81 |
| Limbach Holdings, Inc. | LMB | $1.1B | 28.29 | 5.43 | 20.0% | 15.98 |
| LegalZoom.com, Inc. | LZ | $1.1B | 70.71 | 6.35 | 9.0% | 11.12 |
| Genco Shipping & Trading Limited | GNK | $1.1B | - | 1.17 | -0.5% | 19.61 |
| Graham Corporation | GHM | $1.0B | 67.23 | 7.59 | 10.2% | 41.88 |
| Peer Median | - | 67.23 | 4.53 | 6.0% | 12.74 | |