Great Lakes Dredge & Dock (GLDD) Financials

$10.93 +0.24 (+2.25%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$10.94 +0.01 (+0.05%)

As of 05/23/2025 04:04 PM Eastern

Annual Income Statements for Great Lakes Dredge & Dock

This table shows Great Lakes Dredge & Dock's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	57	14	-34
Consolidated Net Income / (Loss)	57	14	-34
Net Income / (Loss) Continuing Operations	57	14	-34
Total Pre-Tax Income	75	18	-43
Total Operating Income	93	28	-28
Total Gross Profit	161	78	31
Total Revenue	763	590	649
Operating Revenue	763	590	649
Total Cost of Revenue	602	512	618
Operating Cost of Revenue	602	512	618
Total Operating Expenses	68	50	59
Selling, General & Admin Expense	71	57	51
Other Operating Expenses / (Income)	-3.00	-7.54	7.79
Total Other Income / (Expense), net	-17	-9.91	-16
Interest & Investment Income	-18	-12	-14
Other Income / (Expense), net	0.46	2.23	-1.57
Income Tax Expense	18	4.41	-9.36
Basic Earnings per Share	$0.85	$0.21	($0.52)
Weighted Average Basic Shares Outstanding	67.09M	66.47M	66.05M
Diluted Earnings per Share	$0.84	$0.21	($0.52)
Weighted Average Diluted Shares Outstanding	67.85M	66.96M	66.05M
Weighted Average Basic & Diluted Shares Outstanding	67.28M	66.62M	66.19M

This table shows Great Lakes Dredge & Dock's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	33	20	8.85	7.67	21	22	-6.15	1.73	-3.23	-31	-9.91
Consolidated Net Income / (Loss)	33	20	8.85	7.67	21	22	-6.15	1.73	-3.23	-31	-9.91
Net Income / (Loss) Continuing Operations	33	20	8.85	7.67	21	22	-6.15	1.73	-3.23	-31	-9.91
Total Pre-Tax Income	45	25	12	11	28	28	-7.96	2.53	-4.02	-40	-13
Total Operating Income	50	30	17	15	31	31	-5.12	3.68	-0.86	-37	-9.45
Total Gross Profit	70	49	36	30	46	39	9.03	18	12	-16	3.80
Total Revenue	243	203	191	170	199	182	117	133	158	147	158
Operating Revenue	243	203	191	170	199	182	117	133	158	147	158
Total Cost of Revenue	173	154	155	140	153	143	108	115	146	163	155
Operating Cost of Revenue	173	154	155	140	153	143	108	115	146	163	155
Total Operating Expenses	20	19	20	15	14	8.14	14	14	13	21	13
Selling, General & Admin Expense	20	19	20	16	16	15	14	14	13	12	13
Other Special Charges / (Income)	-0.46	-	-0.28	-0.91	-2.02	-	-0.04	-0.24	-0.02	-	-0.04
Total Other Income / (Expense), net	-4.82	-5.20	-4.69	-4.07	-3.47	-2.76	-2.84	-1.15	-3.16	-2.90	-3.80
Interest & Investment Income	-4.45	-4.90	-4.89	-4.20	-3.89	-2.82	-2.76	-3.18	-3.39	-3.11	-3.55
Other Income / (Expense), net	-0.37	-0.29	0.20	0.13	0.43	0.06	-0.08	2.02	0.23	0.21	-0.25
Income Tax Expense	12	5.14	3.15	2.84	6.99	6.21	-1.81	0.80	-0.79	-8.45	-3.35
Basic Earnings per Share	$0.50	$0.29	$0.13	$0.11	$0.32	$0.32	($0.09)	$0.03	($0.05)	($0.48)	($0.15)
Weighted Average Basic Shares Outstanding	67.38M	67.09M	67.22M	67.12M	66.73M	66.47M	66.53M	66.46M	66.26M	66.05M	66.11M
Diluted Earnings per Share	$0.49	$0.42	$0.00	$0.11	$0.31	$0.23	$0.00	$0.03	($0.05)	($0.48)	($0.15)
Weighted Average Diluted Shares Outstanding	68.40M	67.85M	67.83M	67.70M	67.49M	66.96M	66.53M	66.81M	66.26M	66.05M	66.11M
Weighted Average Basic & Diluted Shares Outstanding	67.93M	67.28M	67.27M	67.19M	67.01M	66.62M	66.61M	66.49M	66.42M	66.19M	66.17M

This table details how cash moves in and out of Great Lakes Dredge & Dock's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-14	17	-141
Net Cash From Operating Activities	70	47	1.65
Net Cash From Continuing Operating Activities	70	47	1.65
Net Income / (Loss) Continuing Operations	0.00	0.00	0.00
Consolidated Net Income / (Loss)	57	14	-34
Depreciation Expense	43	43	46
Amortization Expense	24	12	12
Non-Cash Adjustments To Reconcile Net Income	-3.54	23	-19
Changes in Operating Assets and Liabilities, net	-51	-44	-4.11
Net Cash From Investing Activities	-116	-120	-141
Net Cash From Continuing Investing Activities	-116	-120	-141
Purchase of Property, Plant & Equipment	-125	-151	-143
Sale of Property, Plant & Equipment	9.45	31	2.10
Net Cash From Financing Activities	32	90	-1.66
Net Cash From Continuing Financing Activities	32	90	-1.66
Repayment of Debt	-141	-118	-10
Repurchase of Common Equity	-12	0.00	-0.98
Issuance of Debt	186	208	10
Other Financing Activities, net	-1.35	-0.07	-0.68
Cash Interest Paid	30	21	18
Cash Income Taxes Paid	2.49	0.13	1.26

This table details how cash moves in and out of Great Lakes Dredge & Dock's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	1.12	-1.82	-11	-0.59	-0.04	9.67	-28	9.55	26	-32	-39
Net Cash From Operating Activities	61	-14	27	18	38	-2.15	15	25	9.32	8.30	-7.50
Net Cash From Continuing Operating Activities	61	-14	27	18	38	-2.15	15	25	9.32	8.30	-7.50
Net Income / (Loss) Continuing Operations	33	-38	8.85	7.67	21	7.65	-6.15	1.73	-3.23	2.89	-9.91
Consolidated Net Income / (Loss)	33	20	8.85	7.67	21	22	-6.15	1.73	-3.23	-31	-9.91
Depreciation Expense	11	10	10	11	11	10	11	11	11	12	11
Amortization Expense	4.26	9.91	5.30	9.03	0.24	5.13	1.83	5.23	0.24	12	0.27
Non-Cash Adjustments To Reconcile Net Income	1.29	30	-23	1.76	-13	-17	1.08	52	-13	9.78	5.06
Changes in Operating Assets and Liabilities, net	11	-84	26	-11	19	-22	8.19	-45	14	5.85	-14
Net Cash From Investing Activities	-21	-22	-38	-47	-8.27	-23	-43	-20	-34	-40	-31
Net Cash From Continuing Investing Activities	-21	-22	-38	-47	-8.27	-23	-43	-20	-34	-40	-31
Purchase of Property, Plant & Equipment	-21	-23	-38	-52	-12	-53	-43	-21	-34	-40	-31
Sale of Property, Plant & Equipment	0.53	0.12	0.30	5.39	3.64	29	0.04	1.13	0.06	-	0.04
Net Cash From Financing Activities	-39	34	0.10	28	-30	35	-0.07	4.79	50	-0.15	-0.26
Net Cash From Continuing Financing Activities	-39	34	0.10	28	-30	35	-0.07	4.79	50	-0.15	-0.26
Repayment of Debt	-90	-20	-15	-76	-30	-53	-40	-	-25	-10	-
Repurchase of Common Equity	-3.17	-0.67	0.36	-11	0.00	-	-	-	0.00	-0.15	-
Issuance of Debt	55	55	15	116	0.00	88	40	5.00	75	10	-
Other Financing Activities, net	-0.85	-0.14	-0.26	-0.74	-0.21	-0.02	-0.07	-0.21	0.23	-	0.57
Cash Interest Paid	3.64	12	3.65	12	2.07	10.00	0.79	9.42	0.54	8.79	0.15
Cash Income Taxes Paid	0.08	1.00	0.02	1.30	0.18	-0.15	0.02	0.30	-0.05	-0.00	0.03

This table presents Great Lakes Dredge & Dock's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	1,255	1,111	982
Total Current Assets	263	226	183
Cash & Equivalents	10	23	6.55
Accounts Receivable	118	55	45
Inventories, net	30	34	29
Prepaid Expenses	2.83	1.49	1.57
Other Current Assets	102	113	101
Plant, Property, & Equipment, net	703	615	544
Total Noncurrent Assets	288	270	255
Goodwill	77	77	77
Other Noncurrent Operating Assets	212	193	178
Total Liabilities & Shareholders' Equity	1,255	1,111	982
Total Liabilities	806	725	614
Total Current Liabilities	216	179	160
Accounts Payable	101	84	94
Accrued Expenses	42	37	29
Current Deferred Revenue	26	30	9.91
Other Current Liabilities	47	29	27
Total Noncurrent Liabilities	590	546	453
Long-Term Debt	448	412	322
Noncurrent Deferred & Payable Income Tax Liabilities	79	62	59
Other Noncurrent Operating Liabilities	63	72	73
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	449	386	368
Total Preferred & Common Equity	449	386	368
Total Common Equity	449	386	368
Common Stock	322	317	312
Retained Earnings	127	70	56
Accumulated Other Comprehensive Income / (Loss)	-0.97	-2.02	-0.19

This table presents Great Lakes Dredge & Dock's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,233	1,145	1,128	1,095	1,020	1,008	1,025	1,004
Total Current Assets	258	215	219	211	168	190	209	233
Cash & Equivalents	11	12	23	23	14	42	33	39
Accounts Receivable	113	43	56	40	30	43	33	69
Inventories, net	26	35	32	32	32	32	29	27
Prepaid Expenses	2.29	1.44	2.26	2.03	42	30	33	36
Other Current Assets	105	124	106	114	49	43	81	62
Plant, Property, & Equipment, net	704	682	653	613	606	570	562	518
Total Noncurrent Assets	272	249	255	271	246	247	255	253
Goodwill	77	77	77	77	77	77	77	77
Other Noncurrent Operating Assets	195	172	179	194	169	170	178	176
Total Liabilities & Shareholders' Equity	1,233	1,145	1,128	1,095	1,020	1,008	1,025	1,004
Total Liabilities	754	720	710	686	654	639	661	607
Total Current Liabilities	193	178	166	168	164	141	163	147
Accounts Payable	90	95	90	90	74	65	88	81
Accrued Expenses	33	44	28	32	34	26	37	38
Current Deferred Revenue	30	16	21	18	29	24	12	5.45
Other Current Liabilities	39	23	27	28	26	26	26	23
Total Noncurrent Liabilities	560	542	544	518	490	498	498	460
Long-Term Debt	414	413	411	382	377	377	372	321
Noncurrent Deferred & Payable Income Tax Liabilities	89	74	72	70	58	59	58	67
Other Noncurrent Operating Liabilities	58	56	60	66	55	62	68	71
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	480	425	418	409	366	369	364	397
Total Preferred & Common Equity	480	425	418	409	366	369	364	397
Total Common Equity	480	425	418	409	366	369	364	397
Common Stock	323	321	320	319	316	314	313	311
Retained Earnings	161	108	99	91	49	55	53	87
Treasury Stock	-3.17	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income / (Loss)	-0.60	-3.34	-0.68	-0.73	1.53	-0.62	-1.60	-1.22

This table displays calculated financial ratios and metrics derived from Great Lakes Dredge & Dock's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	29.35%	-9.12%	-10.65%
EBITDA Growth	87.83%	190.40%	-77.34%
EBIT Growth	206.27%	203.91%	-134.71%
NOPAT Growth	228.98%	210.37%	-129.58%
Net Income Growth	311.80%	140.83%	-168.89%
EPS Growth	300.00%	140.38%	-169.33%
Operating Cash Flow Growth	47.73%	2,769.03%	-96.63%
Free Cash Flow Firm Growth	40.65%	45.24%	-133.04%
Invested Capital Growth	14.47%	13.41%	18.92%
Revenue Q/Q Growth	2.84%	6.32%	-8.89%
EBITDA Q/Q Growth	10.85%	444.71%	-67.53%
EBIT Q/Q Growth	-0.88%	183.11%	-166.54%
NOPAT Q/Q Growth	0.12%	178.46%	-156.49%
Net Income Q/Q Growth	-3.12%	135.82%	-256.07%
EPS Q/Q Growth	29.23%	142.00%	-252.94%
Operating Cash Flow Q/Q Growth	-13.96%	-18.06%	465.71%
Free Cash Flow Firm Q/Q Growth	-56.07%	8.50%	-3.89%
Invested Capital Q/Q Growth	7.39%	6.31%	0.55%
Profitability Metrics	-	-	-
Gross Margin	21.05%	13.18%	4.80%
EBITDA Margin	21.04%	14.49%	4.53%
Operating Margin	12.17%	4.79%	-4.28%
EBIT Margin	12.23%	5.16%	-4.52%
Profit (Net Income) Margin	7.51%	2.36%	-5.25%
Tax Burden Percent	75.96%	75.94%	78.44%
Interest Burden Percent	80.83%	60.13%	148.14%
Effective Tax Rate	24.04%	24.06%	0.00%
Return on Invested Capital (ROIC)	8.49%	2.94%	-3.09%
ROIC Less NNEP Spread (ROIC-NNEP)	5.29%	0.80%	-9.06%
Return on Net Nonoperating Assets (RNNOA)	5.24%	0.75%	-5.79%
Return on Equity (ROE)	13.73%	3.69%	-8.88%
Cash Return on Invested Capital (CROIC)	-5.01%	-9.62%	-20.37%
Operating Return on Assets (OROA)	7.88%	2.91%	-2.96%
Return on Assets (ROA)	4.84%	1.33%	-3.44%
Return on Common Equity (ROCE)	13.73%	3.69%	-8.88%
Return on Equity Simple (ROE_SIMPLE)	12.76%	3.61%	-9.25%
Net Operating Profit after Tax (NOPAT)	70	21	-19
NOPAT Margin	9.24%	3.63%	-2.99%
Net Nonoperating Expense Percent (NNEP)	3.20%	2.14%	5.97%
Return On Investment Capital (ROIC_SIMPLE)	7.86%	2.69%	-2.81%
Cost of Revenue to Revenue	78.95%	86.82%	95.20%
SG&A Expenses to Revenue	9.28%	9.68%	7.88%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.89%	8.40%	9.08%
Earnings before Interest and Taxes (EBIT)	93	30	-29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	160	85	29
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.69	1.33	1.07
Price to Tangible Book Value (P/TBV)	2.04	1.66	1.35
Price to Revenue (P/Rev)	1.00	0.87	0.61
Price to Earnings (P/E)	13.26	36.79	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	7.54%	2.72%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.35	1.16	1.04
Enterprise Value to Revenue (EV/Rev)	1.57	1.53	1.09
Enterprise Value to EBITDA (EV/EBITDA)	7.46	10.55	24.09
Enterprise Value to EBIT (EV/EBIT)	12.84	29.58	0.00
Enterprise Value to NOPAT (EV/NOPAT)	16.99	42.04	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	17.09	18.99	428.73
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	1.00	1.07	0.87
Long-Term Debt to Equity	1.00	1.07	0.87
Financial Leverage	0.99	0.93	0.64
Leverage Ratio	2.84	2.78	2.58
Compound Leverage Factor	2.29	1.67	3.82
Debt to Total Capital	49.96%	51.66%	46.61%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	49.96%	51.66%	46.61%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.04%	48.34%	53.39%
Debt to EBITDA	2.79	4.82	10.93
Net Debt to EBITDA	2.73	4.56	10.71
Long-Term Debt to EBITDA	2.79	4.82	10.93
Debt to NOPAT	6.36	19.23	-16.56
Net Debt to NOPAT	6.21	18.16	-16.22
Long-Term Debt to NOPAT	6.36	19.23	-16.56
Altman Z-Score	1.61	1.18	1.06
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.22	1.26	1.14
Quick Ratio	0.59	0.43	0.32
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-42	-70	-128
Operating Cash Flow to CapEx	60.56%	39.47%	1.17%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.64	0.56	0.66
Accounts Receivable Turnover	8.83	11.83	10.15
Inventory Turnover	18.88	16.21	20.59
Fixed Asset Turnover	1.16	1.02	1.30
Accounts Payable Turnover	6.50	5.75	6.88
Days Sales Outstanding (DSO)	41.36	30.86	35.96
Days Inventory Outstanding (DIO)	19.33	22.51	17.73
Days Payable Outstanding (DPO)	56.12	63.43	53.08
Cash Conversion Cycle (CCC)	4.57	-10.06	0.60
Capital & Investment Metrics	-	-	-
Invested Capital	887	775	683
Invested Capital Turnover	0.92	0.81	1.03
Increase / (Decrease) in Invested Capital	112	92	109
Enterprise Value (EV)	1,198	901	709
Market Capitalization	760	512	394
Book Value per Share	$6.67	$5.79	$5.56
Tangible Book Value per Share	$5.53	$4.64	$4.41
Total Capital	897	798	690
Total Debt	448	412	322
Total Long-Term Debt	448	412	322
Net Debt	438	389	315
Capital Expenditures (CapEx)	116	120	141
Debt-free, Cash-free Net Working Capital (DFCFNWC)	37	24	16
Debt-free Net Working Capital (DFNWC)	47	47	23
Net Working Capital (NWC)	47	47	23
Net Nonoperating Expense (NNE)	13	7.52	15
Net Nonoperating Obligations (NNO)	438	389	315
Total Depreciation and Amortization (D&A)	67	55	59
Debt-free, Cash-free Net Working Capital to Revenue	4.88%	4.08%	2.46%
Debt-free Net Working Capital to Revenue	6.22%	7.95%	3.47%
Net Working Capital to Revenue	6.22%	7.95%	3.47%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.85	$0.21	($0.52)
Adjusted Weighted Average Basic Shares Outstanding	67.09M	66.47M	66.05M
Adjusted Diluted Earnings per Share	$0.84	$0.21	($0.52)
Adjusted Weighted Average Diluted Shares Outstanding	67.85M	66.96M	66.05M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	67.28M	66.62M	66.19M
Normalized Net Operating Profit after Tax (NOPAT)	70	21	-19
Normalized NOPAT Margin	9.24%	3.63%	-2.99%
Pre Tax Income Margin	9.88%	3.11%	-6.69%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	20.19%	0.00%	-2.88%

This table displays calculated financial ratios and metrics derived from Great Lakes Dredge & Dock's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	22.25%	11.58%	63.14%	28.21%	25.70%	23.91%	-25.99%	-11.22%	-18.68%	-30.15%	-6.10%
EBITDA Growth	35.26%	9.20%	350.45%	59.33%	312.90%	462.66%	345.92%	108.92%	-65.15%	-126.11%	-95.06%
EBIT Growth	55.39%	-2.72%	424.82%	157.94%	5,108.48%	183.78%	46.41%	490.15%	-103.47%	-199.09%	-145.78%
NOPAT Growth	56.55%	0.59%	443.23%	322.05%	4,006.29%	192.22%	45.81%	1,153.35%	-104.18%	-193.08%	-138.04%
Net Income Growth	58.94%	-8.54%	243.84%	342.76%	750.70%	169.16%	37.90%	142.97%	-129.22%	-226.15%	-171.78%
EPS Growth	58.06%	82.61%	0.00%	266.67%	720.00%	147.92%	100.00%	150.00%	-129.41%	-226.32%	-171.43%
Operating Cash Flow Growth	58.30%	-528.21%	72.95%	-25.87%	312.46%	-125.92%	306.48%	197.28%	-64.59%	33.96%	-204.02%
Free Cash Flow Firm Growth	-85.07%	-30.07%	-60.16%	-76.82%	62.07%	49.49%	67.78%	64.82%	-43.40%	-44.49%	-111.47%
Invested Capital Growth	14.85%	14.47%	13.32%	14.66%	9.28%	13.41%	7.26%	8.45%	18.39%	18.92%	30.22%
Revenue Q/Q Growth	19.77%	6.07%	12.40%	-14.38%	9.32%	55.08%	-11.67%	-16.06%	7.76%	-7.38%	5.97%
EBITDA Q/Q Growth	28.35%	55.36%	-7.37%	-19.27%	5.20%	540.86%	-67.24%	109.22%	143.90%	-887.99%	-84.65%
EBIT Q/Q Growth	66.62%	76.12%	14.82%	-53.88%	4.31%	688.08%	-191.18%	995.45%	98.26%	-276.12%	-563.89%
NOPAT Q/Q Growth	55.15%	93.67%	15.65%	-54.95%	-0.31%	760.86%	-242.21%	516.95%	97.65%	-288.37%	-2,664.04%
Net Income Q/Q Growth	69.49%	122.73%	15.37%	-63.50%	-2.48%	450.31%	-455.11%	153.64%	89.63%	-214.52%	-145.72%
EPS Q/Q Growth	16.67%	0.00%	-100.00%	-64.52%	-3.13%	0.00%	-100.00%	160.00%	89.58%	-220.00%	-150.00%
Operating Cash Flow Q/Q Growth	550.14%	-150.50%	45.75%	-52.22%	1,886.29%	-113.90%	-37.52%	165.85%	12.24%	210.76%	70.57%
Free Cash Flow Firm Q/Q Growth	12.68%	-4.14%	8.31%	-121.97%	38.63%	-28.23%	-1.23%	52.39%	18.27%	18.21%	-10.53%
Invested Capital Q/Q Growth	-0.49%	7.39%	2.42%	4.93%	-0.82%	6.31%	3.63%	0.01%	2.92%	0.55%	4.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.63%	24.13%	18.95%	17.54%	22.94%	21.28%	7.71%	13.49%	7.68%	-11.02%	2.40%
EBITDA Margin	26.50%	24.73%	16.88%	20.49%	21.73%	25.27%	6.12%	16.49%	6.61%	-8.63%	1.01%
Operating Margin	20.56%	14.82%	8.73%	8.58%	15.85%	16.80%	-4.37%	2.77%	-0.55%	-25.03%	-5.97%
EBIT Margin	20.41%	14.67%	8.84%	8.65%	16.06%	16.83%	-4.44%	4.30%	-0.40%	-24.89%	-6.13%
Profit (Net Income) Margin	13.76%	9.72%	4.63%	4.51%	10.58%	11.86%	-5.25%	1.31%	-2.04%	-21.25%	-6.26%
Tax Burden Percent	74.05%	79.34%	73.73%	72.97%	75.05%	77.64%	77.28%	68.53%	80.33%	78.68%	74.75%
Interest Burden Percent	91.02%	83.52%	71.07%	71.47%	87.80%	90.79%	153.11%	44.34%	631.40%	108.51%	136.59%
Effective Tax Rate	25.95%	20.66%	26.27%	27.03%	24.95%	22.36%	0.00%	31.47%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	14.89%	10.79%	6.14%	5.53%	10.19%	10.55%	-2.41%	1.68%	-0.36%	-18.08%	-4.95%
ROIC Less NNEP Spread (ROIC-NNEP)	13.95%	9.80%	5.24%	4.71%	9.44%	9.94%	-3.21%	1.40%	-1.38%	-20.31%	-6.49%
Return on Net Nonoperating Assets (RNNOA)	11.96%	9.71%	5.05%	4.33%	8.53%	9.29%	-2.71%	1.02%	-0.91%	-12.98%	-3.61%
Return on Equity (ROE)	26.84%	20.50%	11.19%	9.87%	18.72%	19.83%	-5.12%	2.70%	-1.28%	-31.06%	-8.57%
Cash Return on Invested Capital (CROIC)	-3.67%	-5.01%	-3.43%	-6.50%	-2.63%	-9.62%	-10.89%	-12.60%	-21.96%	-20.37%	-20.53%
Operating Return on Assets (OROA)	14.15%	9.46%	6.05%	5.41%	9.55%	9.48%	-2.43%	2.53%	-0.24%	-16.32%	-4.47%
Return on Assets (ROA)	9.54%	6.27%	3.17%	2.82%	6.29%	6.69%	-2.88%	0.77%	-1.23%	-13.93%	-4.56%
Return on Common Equity (ROCE)	26.84%	20.50%	11.19%	9.87%	18.72%	19.83%	-5.12%	2.70%	-1.28%	-31.06%	-8.57%
Return on Equity Simple (ROE_SIMPLE)	14.51%	0.00%	13.89%	10.55%	9.33%	0.00%	-10.61%	-11.55%	-13.28%	0.00%	5.50%
Net Operating Profit after Tax (NOPAT)	37	24	12	11	24	24	-3.59	2.52	-0.60	-26	-6.62
NOPAT Margin	15.23%	11.76%	6.44%	6.26%	11.89%	13.04%	-3.06%	1.90%	-0.38%	-17.52%	-4.18%
Net Nonoperating Expense Percent (NNEP)	0.94%	1.00%	0.91%	0.82%	0.74%	0.61%	0.80%	0.28%	1.01%	2.23%	1.53%
Return On Investment Capital (ROIC_SIMPLE)	4.14%	2.66%	-	-	-	2.97%	-	-	-	-3.73%	-
Cost of Revenue to Revenue	71.37%	75.87%	81.05%	82.46%	77.06%	78.72%	92.29%	86.51%	92.32%	111.02%	97.60%
SG&A Expenses to Revenue	8.25%	9.21%	10.37%	9.50%	8.11%	8.47%	12.11%	10.90%	8.24%	8.46%	8.39%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.06%	9.31%	10.22%	8.97%	7.10%	4.48%	12.08%	10.72%	8.22%	14.01%	8.37%
Earnings before Interest and Taxes (EBIT)	50	30	17	15	32	31	-5.20	5.70	-0.64	-37	-9.71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	64	50	32	35	43	46	7.17	22	10	-13	1.61
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.22	1.69	1.66	1.41	1.42	1.33	1.45	1.47	0.99	1.07	1.26
Price to Tangible Book Value (P/TBV)	1.45	2.04	2.03	1.72	1.75	1.66	1.83	1.86	1.25	1.35	1.56
Price to Revenue (P/Rev)	0.73	1.00	0.95	0.88	0.92	0.87	0.96	0.91	0.59	0.61	0.70
Price to Earnings (P/E)	8.40	13.26	11.97	13.34	15.27	36.79	0.00	0.00	0.00	0.00	22.96
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	11.90%	7.54%	8.35%	7.50%	6.55%	2.72%	0.00%	0.00%	0.00%	0.00%	4.36%
Enterprise Value to Invested Capital (EV/IC)	1.12	1.35	1.34	1.21	1.23	1.16	1.23	1.25	0.99	1.04	1.15
Enterprise Value to Revenue (EV/Rev)	1.22	1.57	1.49	1.46	1.50	1.53	1.61	1.47	1.14	1.09	1.10
Enterprise Value to EBITDA (EV/EBITDA)	5.57	7.46	7.66	8.16	8.83	10.55	56.93	86.61	0.00	24.09	8.65
Enterprise Value to EBIT (EV/EBIT)	8.91	12.84	11.78	13.56	14.96	29.58	0.00	0.00	0.00	0.00	17.79
Enterprise Value to NOPAT (EV/NOPAT)	11.79	16.99	15.73	18.08	20.53	42.04	0.00	0.00	0.00	0.00	22.79
Enterprise Value to Operating Cash Flow (EV/OCF)	10.68	17.09	13.61	13.93	12.31	18.99	15.42	25.12	0.00	428.73	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.86	1.00	0.97	0.98	0.93	1.07	1.03	1.02	1.02	0.87	0.81
Long-Term Debt to Equity	0.86	1.00	0.97	0.98	0.93	1.07	1.03	1.02	1.02	0.87	0.81
Financial Leverage	0.86	0.99	0.96	0.92	0.90	0.93	0.85	0.73	0.66	0.64	0.56
Leverage Ratio	2.62	2.84	2.74	2.71	2.74	2.78	2.65	2.59	2.62	2.58	2.53
Compound Leverage Factor	2.38	2.37	1.94	1.94	2.41	2.52	4.06	1.15	16.56	2.80	3.46
Debt to Total Capital	46.31%	49.96%	49.23%	49.61%	48.30%	51.66%	50.74%	50.56%	50.52%	46.61%	44.74%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	46.31%	49.96%	49.23%	49.61%	48.30%	51.66%	50.74%	50.56%	50.52%	46.61%	44.74%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	53.69%	50.04%	50.77%	50.39%	51.70%	48.34%	49.26%	49.45%	49.48%	53.39%	55.26%
Debt to EBITDA	2.34	2.79	2.85	3.44	3.58	4.82	24.04	37.23	-290.13	10.93	3.55
Net Debt to EBITDA	2.27	2.73	2.77	3.25	3.37	4.56	23.14	33.07	-264.75	10.71	3.12
Long-Term Debt to EBITDA	2.34	2.79	2.85	3.44	3.58	4.82	24.04	37.23	-290.13	10.93	3.55
Debt to NOPAT	4.94	6.36	5.86	7.62	8.33	19.23	-13.80	-12.42	-11.21	-16.56	9.35
Net Debt to NOPAT	4.80	6.21	5.69	7.19	7.83	18.16	-13.28	-11.03	-10.23	-16.22	8.22
Long-Term Debt to NOPAT	4.94	6.36	5.86	7.62	8.33	19.23	-13.80	-12.42	-11.21	-16.56	9.35
Altman Z-Score	1.50	1.44	1.46	1.31	1.34	1.18	1.08	1.25	1.05	1.03	1.40
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.33	1.22	1.21	1.32	1.25	1.26	1.02	1.35	1.28	1.14	1.58
Quick Ratio	0.65	0.59	0.31	0.48	0.38	0.43	0.27	0.60	0.40	0.32	0.73
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-77	-88	-85	-92	-42	-68	-53	-52	-110	-134	-164
Operating Cash Flow to CapEx	293.73%	-60.11%	70.50%	39.12%	464.77%	-9.29%	35.68%	123.74%	27.76%	20.54%	-24.32%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.69	0.64	0.68	0.63	0.59	0.56	0.55	0.59	0.60	0.66	0.73
Accounts Receivable Turnover	10.49	8.83	20.36	13.45	17.24	11.83	11.20	10.60	17.55	10.15	12.68
Inventory Turnover	21.42	18.88	17.58	17.01	17.10	16.21	17.84	18.29	20.39	20.59	21.19
Fixed Asset Turnover	1.23	1.16	1.15	1.09	1.07	1.02	0.99	1.12	1.19	1.30	1.50
Accounts Payable Turnover	6.92	6.50	7.00	7.00	5.84	5.75	6.83	7.18	6.47	6.88	8.06
Days Sales Outstanding (DSO)	34.78	41.36	17.93	27.15	21.18	30.86	32.58	34.42	20.80	35.96	28.80
Days Inventory Outstanding (DIO)	17.04	19.33	20.76	21.46	21.35	22.51	20.46	19.95	17.90	17.73	17.22
Days Payable Outstanding (DPO)	52.77	56.12	52.14	52.17	62.48	63.43	53.40	50.83	56.46	53.08	45.30
Cash Conversion Cycle (CCC)	-0.94	4.57	-13.46	-3.56	-19.96	-10.06	-0.36	3.54	-17.75	0.60	0.72
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	883	887	826	806	768	775	729	703	703	683	679
Invested Capital Turnover	0.98	0.92	0.95	0.88	0.86	0.81	0.79	0.88	0.94	1.03	1.19
Increase / (Decrease) in Invested Capital	114	112	97	103	65	92	49	55	109	109	158
Enterprise Value (EV)	988	1,198	1,108	977	942	901	893	877	699	709	783
Market Capitalization	585	760	707	588	583	512	530	542	359	394	501
Book Value per Share	$7.13	$6.67	$6.33	$6.24	$6.13	$5.79	$5.50	$5.55	$5.50	$5.56	$6.01
Tangible Book Value per Share	$6.00	$5.53	$5.19	$5.10	$4.98	$4.64	$4.35	$4.40	$4.34	$4.41	$4.85
Total Capital	894	897	838	829	791	798	743	745	736	690	718
Total Debt	414	448	413	411	382	412	377	377	372	322	321
Total Long-Term Debt	414	448	413	411	382	412	377	377	372	322	321
Net Debt	403	438	400	388	359	389	363	335	339	315	283
Capital Expenditures (CapEx)	21	22	38	47	8.27	23	43	20	34	40	31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	53	37	25	30	20	24	-11	6.96	13	16	47
Debt-free Net Working Capital (DFNWC)	65	47	37	54	43	47	3.55	49	45	23	86
Net Working Capital (NWC)	65	47	37	54	43	47	3.55	49	45	23	86
Net Nonoperating Expense (NNE)	3.57	4.12	3.46	2.97	2.60	2.14	2.57	0.79	2.63	5.47	3.29
Net Nonoperating Obligations (NNO)	403	438	400	388	359	389	363	335	339	315	283
Total Depreciation and Amortization (D&A)	15	20	15	20	11	15	12	16	11	24	11
Debt-free, Cash-free Net Working Capital to Revenue	6.59%	4.88%	3.37%	4.55%	3.15%	4.08%	-1.90%	1.17%	2.11%	2.46%	6.59%
Debt-free Net Working Capital to Revenue	8.00%	6.22%	4.99%	8.01%	6.77%	7.95%	0.64%	8.23%	7.42%	3.47%	12.04%
Net Working Capital to Revenue	8.00%	6.22%	4.99%	8.01%	6.77%	7.95%	0.64%	8.23%	7.42%	3.47%	12.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.50	$0.29	$0.13	$0.11	$0.32	$0.32	($0.09)	$0.03	($0.05)	($0.48)	($0.15)
Adjusted Weighted Average Basic Shares Outstanding	67.38M	67.09M	67.22M	67.12M	66.73M	66.47M	66.53M	66.46M	66.26M	66.05M	66.11M
Adjusted Diluted Earnings per Share	$0.49	$0.42	$0.00	$0.11	$0.31	$0.23	($0.09)	$0.03	($0.05)	($0.48)	($0.15)
Adjusted Weighted Average Diluted Shares Outstanding	68.40M	67.85M	67.83M	67.70M	67.49M	66.96M	66.53M	66.81M	66.26M	66.05M	66.11M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	67.93M	67.28M	67.27M	67.19M	67.01M	66.62M	66.61M	66.49M	66.42M	66.19M	66.17M
Normalized Net Operating Profit after Tax (NOPAT)	37	24	12	9.98	22	24	-3.61	2.36	-0.62	-26	-6.65
Normalized NOPAT Margin	15.09%	11.76%	6.33%	5.87%	11.13%	13.04%	-3.08%	1.78%	-0.39%	-17.52%	-4.20%
Pre Tax Income Margin	18.58%	12.26%	6.28%	6.18%	14.10%	15.28%	-6.80%	1.91%	-2.54%	-27.01%	-8.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	21.15%	20.19%	18.44%	25.53%	0.00%	0.00%	-0.39%	0.00%	0.00%	-2.88%	3.79%

Frequently Asked Questions About Great Lakes Dredge & Dock's Financials

When does Great Lakes Dredge & Dock's financial year end?

According to the most recent income statement we have on file, Great Lakes Dredge & Dock's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Great Lakes Dredge & Dock's net income changed over the last 2 years?

Great Lakes Dredge & Dock's net income appears to be on an upward trend, with a most recent value of $57.27 million in 2024, falling from -$34.06 million in 2022. The previous period was $13.91 million in 2023. See where experts think Great Lakes Dredge & Dock is headed by visiting Great Lakes Dredge & Dock's forecast page.

What is Great Lakes Dredge & Dock's operating income?

Great Lakes Dredge & Dock's total operating income in 2024 was $92.81 million, based on the following breakdown:

Total Gross Profit: $160.58 million
Total Operating Expenses: $67.77 million

How has Great Lakes Dredge & Dock revenue changed over the last 2 years?

Over the last 2 years, Great Lakes Dredge & Dock's total revenue changed from $648.78 million in 2022 to $762.69 million in 2024, a change of 17.6%.

How much debt does Great Lakes Dredge & Dock have?

Great Lakes Dredge & Dock's total liabilities were at $806.19 million at the end of 2024, a 11.2% increase from 2023, and a 31.4% increase since 2022.

How much cash does Great Lakes Dredge & Dock have?

In the past 2 years, Great Lakes Dredge & Dock's cash and equivalents has ranged from $6.55 million in 2022 to $22.84 million in 2023, and is currently $10.22 million as of their latest financial filing in 2024.

How has Great Lakes Dredge & Dock's book value per share changed over the last 2 years?

Over the last 2 years, Great Lakes Dredge & Dock's book value per share changed from 5.56 in 2022 to 6.67 in 2024, a change of 19.9%.

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This page (NASDAQ:GLDD) was last updated on 5/25/2025 by MarketBeat.com Staff

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Great Lakes Dredge & Dock (GLDD) Financials

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Great Lakes Dredge & Dock (GLDD) Financials

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