WLDNNasdaqServices-Engineering ServicesFiscal year ends January 1
Willdan Group, Inc.
Financials through Q2 FY2026, quarter ended Jul 3, 2026Last filing: 10-Q on Aug 7, 2026
$73.57+1.34 (+1.86%)
Close on Oct 19, 2026
- Market cap
- $1.13B
- P/E (TTM)
- 17.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
37.5%+4.4 pts over 5 years
Operating margin
6.5%+10.6 pts over 5 years
Net margin
7.7%+11.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +20.5% | +16.7% | +11.8% | +17.6% | |
| Gross profit | +26.1% | +21.2% | +14.6% | +17.0% | |
| Operating income | +40.8% | – | – | +19.3% | |
| Net income | +132.9% | – | – | – | |
| EPS, diluted | +120.9% | – | – | +21.0% | |
| Free cash flow | +11.1% | – | +11.0% | +28.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -8.6% | 19.5% | |
| Return on assets | – | -3.4% | 10.4% | |
| Current ratio | 1.47 | 1.34 | 1.56 | |
| Debt to equity | 0.04 | 0.58 | 0.16 | |
| Net debt to EBITDA | -1.39× | 27.73× | -0.28× | |
| Interest coverage | 64.5× | -3.2× | – | |
| Capex to revenue | 0.8% | 1.3% | 1.4% | |
| Diluted shares | 9M | 12M | 15M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Willdan generated $210.61M from operations and spent $45.83M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$210.61M
Used
$45.83M
Capital expenditure$45.83M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.7%
×Asset turnover1.35×
×Equity multiplier1.87×
=Return on equity, FY202519.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.7% | 1.35× | 1.87× | 19.5% |
| FY2024 | 4.0% | 1.29× | 2.03× | 10.4% |
| FY2023 | 2.1% | 1.24× | 2.16× | 5.7% |
| FY2022 | -2.0% | 1.07× | 2.23× | -4.7% |
| FY2021 | -2.4% | 0.89× | 2.29× | -4.8% |
| FY2020 | -3.7% | 0.93× | 2.51× | -8.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$52.56M
- Cash generatingOperating cash flow above zero$80.08M
- Return on assets improvedROA up on the prior year5.4% → 11.3%
- Earnings backed by cashOperating cash flow above net income$80.08M vs $52.56M
- Less leverageLong-term debt to assets fell17.1% → 8.4%
- Better liquidityCurrent ratio rose1.71 → 1.56
- No dilutionShare count did not rise14M → 15M
- Gross margin improvedGross margin up on the prior year35.84% → 37.51%
- More efficientAsset turnover rose1.36 → 1.47