Willdan Group, Inc. (WLDN) Stock Analysis
Industrials · Engineering & Construction · NasdaqGM
Willdan Group, Inc. (WLDN) posted $681.55M in revenue for fiscal 2025 (up 20.5% year over year), at a 7.7% net margin, and has compounded revenue about 11.8%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Willdan Group, Inc.
Willdan Group, Inc. has grown revenue from $208.94M to $681.55M over the last 10 fiscal years, compounding about 11.8% a year. The most recent year was up 20.5%, so growth is actually accelerating.
Net margin sits at 7.7%, up 3.7 points year over year on a 37.5% gross margin. It carries about $48.46M of total debt.
At today's valuation the market is pricing in roughly 8.2% annual free-cash-flow growth — versus the 11% it actually delivered over the last five years, broadly in line with what it has delivered. The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Willdan Group, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Willdan Group, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $208.94M | $273.35M | $272.25M | $443.10M | $390.98M | $353.75M | $429.14M | $510.10M | $565.80M | $681.55M |
| Gross profit | $65.68M | $76.69M | $92.97M | $134.97M | $129.39M | $135.87M | $143.58M | $179.77M | $202.78M | $255.68M |
| Net income | $8.30M | $12.13M | $10.03M | $4.84M | $-14.50M | $-8.42M | $-8.45M | $10.93M | $22.57M | $52.56M |
| Net margin | 4.0% | 4.4% | 3.7% | 1.1% | -3.7% | -2.4% | -2.0% | 2.1% | 4.0% | 7.7% |
Source: Willdan Group, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
Willdan Group, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 15.3% over 4 years (12.8M → 14.8M) — existing holders' stakes are being diluted.
What growth is priced into WLDN stock?
At today's market cap of $1.47B, Willdan Group, Inc. is priced for free-cash-flow growth of about 8.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $70.70M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 11%/yr over the last five fiscal years and revenue 11.8%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Willdan Group, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Willdan Group, Inc. financial history by metric
Compare Willdan Group, Inc. with peers
About Willdan Group, Inc.
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.
Willdan Group, Inc. — frequently asked questions
What is Willdan Group, Inc.'s revenue?
Willdan Group, Inc. (WLDN) reported revenue of $681.55M for fiscal year 2025, up 20.5% from the prior year, according to its SEC filings.
Is Willdan Group, Inc. profitable?
Yes. WLDN earned net income of $52.56M in fiscal 2025, a net margin of 7.7%.
What is WLDN's P/E ratio?
Willdan Group, Inc. trades at a price-to-earnings ratio of about 26.1 based on the latest data in our nightly-refreshed cache.
How fast is Willdan Group, Inc. growing?
WLDN's revenue grew at roughly 11.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Willdan Group, Inc. have?
As of fiscal year 2025, WLDN carried roughly $48.46M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Willdan Group, Inc.'s gross margin?
WLDN's gross margin was 37.5% in fiscal 2025 — gross profit of $255.68M on revenue of $681.55M.
What is Willdan Group, Inc.'s market cap?
Willdan Group, Inc. (WLDN) has a market capitalization of about $1.47B, based on the latest data in our nightly-refreshed cache.
When does Willdan Group, Inc.'s fiscal year end?
WLDN's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into WLDN stock?
At today's market cap of $1.47B, Willdan Group, Inc. is priced for free-cash-flow growth of about 8.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $70.70M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 11%/yr over the last five fiscal years and revenue 11.8%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Willdan Group, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.