Great Lakes Dredge & Dock (GLDD) Financials

$17.00 0.00 (0.00%)

As of 05/22/2026

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-6.19	-8.18	-31	-6.29	49	66	49	-34	14	57	73
Consolidated Net Income / (Loss)	-6.19	-8.18	-31	-6.29	49	66	49	-34	14	57	73
Net Income / (Loss) Continuing Operations	-6.19	0.54	-15	11	56	66	49	-34	14	57	73
Total Pre-Tax Income	-8.69	0.37	-49	16	71	86	63	-43	18	75	100
Total Operating Income	23	27	-19	53	98	112	83	-28	28	93	128
Total Gross Profit	96	85	43	111	154	171	145	31	78	161	203
Total Revenue	857	637	592	621	712	734	726	649	590	763	888
Operating Revenue	857	637	592	621	712	734	726	649	590	763	888
Total Cost of Revenue	761	552	549	509	558	562	581	618	512	602	685
Operating Cost of Revenue	761	552	549	509	558	562	581	618	512	602	685
Total Operating Expenses	73	58	62	59	56	59	62	59	50	68	76
Selling, General & Admin Expense	71	55	57	55	59	63	62	51	57	71	78
Other Special Charges / (Income)	-0.86	3.09	4.79	3.73	1.14	-1.57	-	-	-	-	-2.27
Total Other Income / (Expense), net	-32	-27	-30	-36	-27	-25	-21	-16	-9.91	-17	-27
Interest Expense	-	-	-	-	-	-	-	-	0.00	0.00	11
Interest & Investment Income	-24	-23	-28	-34	-28	-27	-22	-14	-12	-18	-17
Other Income / (Expense), net	-7.28	-3.14	-1.47	-2.59	0.32	1.11	0.99	-1.57	2.23	0.46	0.11
Income Tax Expense	-2.50	-0.18	-34	5.44	15	20	13	-9.36	4.41	18	27
Basic Earnings per Share	($0.10)	($0.13)	($0.51)	($0.10)	$0.78	$1.02	$0.75	($0.52)	$0.21	$0.85	$1.10
Weighted Average Basic Shares Outstanding	60.41M	60.74M	61.37M	62.24M	63.60M	64.74M	65.59M	66.05M	66.47M	67.09M	66.87M
Diluted Earnings per Share	($0.10)	($0.13)	($0.51)	($0.10)	$0.76	$1.00	$0.75	($0.52)	$0.21	$0.84	$1.08
Weighted Average Diluted Shares Outstanding	60.41M	61.37M	61.37M	63.61M	65.04M	65.87M	66.30M	66.05M	66.96M	67.85M	67.75M
Weighted Average Basic & Diluted Shares Outstanding	61.90M	62.90M	61.30M	62.90M	64.29M	65.12M	65.75M	66.19M	66.62M	67.28M	66.78M

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	1.73	-6.15	22	21	7.67	8.85	20	33	9.70	18	13
Consolidated Net Income / (Loss)	1.73	-6.15	22	21	7.67	8.85	20	33	9.70	18	13
Net Income / (Loss) Continuing Operations	1.73	-6.15	22	21	7.67	8.85	20	33	9.70	18	13
Total Pre-Tax Income	2.53	-7.96	28	28	11	12	25	45	13	24	18
Total Operating Income	3.68	-5.12	31	31	15	17	30	50	17	28	33
Total Gross Profit	18	9.03	39	46	30	36	49	70	37	44	54
Total Revenue	133	117	182	199	170	191	203	243	194	195	256
Operating Revenue	133	117	182	199	170	191	203	243	194	195	256
Total Cost of Revenue	115	108	143	153	140	155	154	173	157	151	203
Operating Cost of Revenue	115	108	143	153	140	155	154	173	157	151	203
Total Operating Expenses	14	14	8.14	14	15	20	19	20	19	16	21
Selling, General & Admin Expense	14	14	15	16	16	20	19	20	19	18	21
Total Other Income / (Expense), net	-1.15	-2.84	-2.76	-3.47	-4.07	-4.69	-5.20	-4.82	-3.97	-4.29	-14
Interest & Investment Income	-3.18	-2.76	-2.82	-3.89	-4.20	-4.89	-4.90	-4.45	-4.22	-4.56	-3.53
Other Income / (Expense), net	2.02	-0.08	0.06	0.43	0.13	0.20	-0.29	-0.37	0.25	0.26	-0.04
Income Tax Expense	0.80	-1.81	6.21	6.99	2.84	3.15	5.14	12	3.42	6.13	5.59
Basic Earnings per Share	$0.03	($0.09)	$0.32	$0.32	$0.11	$0.13	$0.29	$0.50	$0.15	$0.27	$0.18
Weighted Average Basic Shares Outstanding	66.46M	66.53M	66.47M	66.73M	67.12M	67.22M	67.09M	67.38M	66.70M	66.68M	66.87M
Diluted Earnings per Share	$0.03	$0.00	$0.23	$0.31	$0.11	$0.13	$0.42	$0.49	$0.14	$0.26	$0.19
Weighted Average Diluted Shares Outstanding	66.81M	66.53M	66.96M	67.49M	67.70M	67.83M	67.85M	68.40M	67.19M	67.35M	67.75M
Weighted Average Basic & Diluted Shares Outstanding	66.49M	66.61M	66.62M	67.01M	67.19M	67.27M	67.28M	67.93M	68.00M	68.00M	66.78M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-28	4.02	-2.35	17	153	30	-69	-141	17	-14	3.15
Net Cash From Operating Activities	29	39	22	138	193	79	49	1.65	47	70	247
Net Cash From Continuing Operating Activities	29	35	34	142	202	79	49	1.65	47	70	247
Net Income / (Loss) Continuing Operations	-6.19	0.54	-15	11	56	0.00	0.00	0.00	0.00	0.00	0.00
Consolidated Net Income / (Loss)	-6.19	-8.18	-31	-6.29	49	66	49	-34	14	57	73
Depreciation Expense	65	55	56	50	37	38	43	46	43	43	43
Amortization Expense	2.77	2.44	3.28	3.50	2.75	1.61	2.35	12	12	24	21
Non-Cash Adjustments To Reconcile Net Income	5.70	-6.20	38	73	41	-27	-21	-19	23	-3.54	22
Changes in Operating Assets and Liabilities, net	-38	-17	-48	3.88	65	0.07	-25	-4.11	-44	-51	87
Net Cash From Investing Activities	-73	-66	-58	-35	-26	-43	-112	-141	-120	-116	-145
Net Cash From Continuing Investing Activities	-73	-73	-57	-36	-44	-43	-112	-141	-120	-116	-145
Purchase of Property, Plant & Equipment	-74	-83	-66	-49	-49	-48	-117	-143	-151	-125	-147
Sale of Property, Plant & Equipment	1.32	10	8.59	14	5.59	4.45	4.46	2.10	31	9.45	2.61
Net Cash From Financing Activities	16	31	34	-85	-14	-6.26	-5.86	-1.66	90	32	-99
Net Cash From Continuing Financing Activities	16	32	35	-84	-14	-6.26	-5.86	-1.66	90	32	-99
Repayment of Debt	-166	-250	-411	-113	-12	0.00	-325	-10	-118	-41	-354
Repurchase of Common Equity	-1.54	-6.82	-5.02	0.00	-2.39	-3.87	-4.40	-0.98	0.00	-12	-14
Issuance of Debt	183	289	450	29	0.00	0.00	325	10	208	86	271
Other Financing Activities, net	1.04	0.60	0.56	-0.11	-0.17	-2.39	-1.46	-0.68	-0.07	-1.35	-2.05
Cash Interest Paid	25	27	35	31	25	26	23	18	21	30	30
Cash Income Taxes Paid	0.59	0.20	0.37	0.29	0.37	0.39	0.64	1.26	0.13	2.49	2.17

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	9.55	-28	9.67	-0.04	-0.59	-11	-1.82	1.12	-8.41	9.75	0.69
Net Cash From Operating Activities	25	15	-2.15	38	18	27	-14	61	57	49	80
Net Cash From Continuing Operating Activities	25	15	-2.15	38	18	27	-14	61	57	49	80
Net Income / (Loss) Continuing Operations	1.73	-6.15	7.65	21	7.67	8.85	-38	33	9.70	18	-61
Consolidated Net Income / (Loss)	1.73	-6.15	22	21	7.67	8.85	20	33	9.70	18	13
Depreciation Expense	11	11	10	11	11	10	10	11	11	11	11
Amortization Expense	5.23	1.83	5.13	4.66	9.03	5.30	9.91	4.26	6.74	3.69	5.87
Non-Cash Adjustments To Reconcile Net Income	52	1.08	-17	-13	1.76	-23	30	1.29	22	18	-19
Changes in Operating Assets and Liabilities, net	-45	8.19	-22	15	-11	26	-84	11	8.31	-0.99	68
Net Cash From Investing Activities	-20	-43	-23	-8.27	-47	-38	-22	-21	-61	-34	-29
Net Cash From Continuing Investing Activities	-20	-43	-23	-8.27	-47	-38	-22	-21	-61	-34	-29
Purchase of Property, Plant & Equipment	-21	-43	-53	-12	-52	-38	-23	-21	-61	-36	-29
Sale of Property, Plant & Equipment	1.13	0.04	29	3.64	5.39	0.30	0.12	0.53	-	2.00	0.08
Net Cash From Financing Activities	4.79	-0.07	35	-30	28	0.10	34	-39	-4.74	-5.50	-50
Net Cash From Continuing Financing Activities	4.79	-0.07	35	-30	28	0.10	34	-39	-4.74	-5.50	-50
Repayment of Debt	-	-40	-53	-30	-76	-15	-20	-90	-20	-90	-154
Repurchase of Common Equity	-	-	-	0.00	-11	0.36	-0.67	-3.17	-9.02	-0.01	-1.56
Issuance of Debt	5.00	40	88	0.00	116	15	55	55	25	85	106
Cash Interest Paid	9.42	0.79	10.00	2.07	12	3.65	12	3.64	12	3.49	11
Cash Income Taxes Paid	0.30	0.02	-0.15	0.18	1.30	0.02	1.00	0.08	2.16	0.12	-0.19

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	898	894	832	730	898	958	998	982	1,111	1,255	1,286
Total Current Assets	330	307	262	207	301	363	327	183	226	263	217
Cash & Equivalents	14	11	16	34	187	217	145	6.55	23	10	13
Accounts Receivable	212	183	52	65	20	39	83	45	55	118	70
Inventories, net	36	37	34	28	30	35	31	29	34	30	28
Prepaid Expenses	7.92	12	5.03	4.71	1.53	3.09	2.02	1.57	1.49	2.83	3.07
Other Current Assets	60	63	117	50	62	69	66	101	113	102	103
Plant, Property, & Equipment, net	430	413	397	370	375	383	455	544	615	703	803
Total Noncurrent Assets	138	173	173	154	222	212	215	255	270	288	265
Goodwill	84	84	77	77	77	77	77	77	77	77	77
Other Noncurrent Operating Assets	48	74	97	77	146	136	139	178	193	212	188
Total Liabilities & Shareholders' Equity	898	894	832	730	898	958	998	982	1,111	1,255	1,286
Total Liabilities	646	646	611	515	618	611	599	614	725	806	769
Total Current Liabilities	206	180	150	163	204	176	155	160	179	216	216
Accounts Payable	119	103	65	72	76	71	86	94	84	101	109
Accrued Expenses	72	69	52	48	51	53	38	29	37	42	49
Current Deferred Revenue	7.06	5.14	2.59	18	55	33	15	9.91	30	26	35
Other Current Liabilities	-	-	-	12	21	19	17	27	29	47	22
Total Noncurrent Liabilities	440	466	461	352	414	435	444	453	546	590	553
Long-Term Debt	346	390	428	322	323	324	321	322	412	448	378
Noncurrent Deferred & Payable Income Tax Liabilities	74	68	26	23	36	56	68	59	62	79	104
Other Noncurrent Operating Liabilities	20	7.01	6.34	7.28	56	55	54	73	72	63	71
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	252	248	221	215	279	347	399	368	386	449	517
Total Preferred & Common Equity	252	248	221	215	279	347	399	368	386	449	517
Total Common Equity	252	248	221	215	279	347	399	368	386	449	517
Common Stock	283	286	290	295	302	305	308	312	317	322	329
Retained Earnings	-28	-36	-67	-75	-23	41	90	56	70	127	201
Treasury Stock	-1.43	-1.43	-1.43	-1.43	-	-	-	-	-	-	-12
Accumulated Other Comprehensive Income / (Loss)	-1.98	-1.15	0.00	-3.81	0.30	0.97	0.14	-0.19	-2.02	-0.97	-1.30

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	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	1,015	1,004	1,025	1,008	1,020	1,095	1,128	1,145	1,233	1,242	1,268
Total Current Assets	283	233	209	190	168	211	219	215	258	222	230
Cash & Equivalents	75	39	33	42	14	23	23	12	11	2.93	13
Accounts Receivable	69	69	33	43	30	40	56	43	113	111	109
Inventories, net	31	27	29	32	32	32	32	35	26	27	27
Prepaid Expenses	45	36	33	30	42	2.03	2.26	1.44	2.29	1.72	2.28
Other Current Assets	63	62	81	43	49	114	106	124	105	80	79
Plant, Property, & Equipment, net	495	518	562	570	606	613	653	682	704	758	781
Total Noncurrent Assets	9.58	253	255	247	246	271	255	249	272	262	257
Goodwill	77	77	77	77	77	77	77	77	77	77	77
Other Noncurrent Operating Assets	151	176	178	170	169	194	179	172	195	185	180
Total Liabilities & Shareholders' Equity	1,015	1,004	1,025	1,008	1,020	1,095	1,128	1,145	1,233	1,242	1,268
Total Liabilities	603	607	661	639	654	686	710	720	754	760	766
Total Current Liabilities	142	147	163	141	164	168	166	178	193	192	192
Accounts Payable	96	81	88	65	74	90	90	95	90	99	90
Accrued Expenses	25	38	37	26	34	32	28	44	33	33	40
Current Deferred Revenue	2.61	5.45	12	24	29	18	21	16	30	29	37
Other Current Liabilities	18	23	26	26	26	28	27	23	39	31	25
Total Noncurrent Liabilities	461	460	498	498	490	518	544	542	560	567	574
Long-Term Debt	321	321	372	377	377	382	411	413	414	420	415
Noncurrent Deferred & Payable Income Tax Liabilities	73	67	58	59	58	70	72	74	89	92	99
Other Noncurrent Operating Liabilities	67	71	68	62	55	66	60	56	58	55	60
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	412	397	364	369	366	409	418	425	480	482	502
Total Preferred & Common Equity	412	397	364	369	366	409	418	425	480	482	502
Total Common Equity	412	397	364	369	366	409	418	425	480	482	502
Common Stock	309	311	313	314	316	319	320	321	323	324	326
Retained Earnings	97	87	53	55	49	91	99	108	161	171	188
Treasury Stock	-	-	-	-	-	-	-	-	-3.17	-12	-12
Accumulated Other Comprehensive Income / (Loss)	6.00	-1.22	-1.60	-0.62	1.53	-0.73	-0.68	-3.34	-0.60	-0.75	-0.12

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.20%	-25.61%	-7.11%	4.84%	14.61%	3.10%	-1.02%	-10.65%	-9.12%	29.35%	16.47%
EBITDA Growth	2.84%	-2.32%	-52.56%	170.11%	33.11%	10.36%	-14.99%	-77.34%	190.40%	87.83%	19.59%
EBIT Growth	-46.22%	52.03%	-187.12%	340.92%	96.77%	14.66%	-25.21%	-134.71%	203.91%	206.27%	37.13%
NOPAT Growth	-70.12%	149.27%	-133.71%	360.87%	118.62%	11.16%	-23.33%	-129.58%	210.37%	228.98%	32.75%
Net Income Growth	-160.12%	-32.12%	-282.29%	79.87%	884.03%	33.98%	-25.22%	-168.89%	140.83%	311.80%	28.30%
EPS Growth	-158.82%	-30.00%	-292.31%	80.39%	860.00%	31.58%	-25.00%	-169.33%	140.38%	300.00%	28.57%
Operating Cash Flow Growth	-40.33%	32.79%	-44.35%	539.71%	39.88%	-59.00%	-37.92%	-96.63%	2,769.03%	47.73%	252.09%
Free Cash Flow Firm Growth	40.87%	133.85%	-303.49%	794.72%	-9.72%	-69.40%	-217.03%	-133.04%	45.24%	40.65%	336.69%
Invested Capital Growth	9.63%	4.77%	1.78%	-21.52%	-15.55%	9.31%	26.57%	18.92%	13.41%	14.47%	-0.56%
Revenue Q/Q Growth	-2.60%	-17.94%	-0.32%	17.36%	-1.24%	1.08%	5.49%	-8.89%	6.32%	2.84%	6.43%
EBITDA Q/Q Growth	-1.70%	-3.47%	-37.14%	46.79%	2.81%	-2.06%	16.84%	-67.53%	444.71%	10.85%	-0.17%
EBIT Q/Q Growth	-6.62%	25.68%	-300.94%	317.06%	6.67%	-2.96%	27.20%	-166.54%	183.11%	-0.88%	2.26%
NOPAT Q/Q Growth	-94.22%	147.48%	-244.39%	268.84%	14.93%	-6.28%	22.77%	-156.49%	178.46%	0.12%	-0.78%
Net Income Q/Q Growth	-145.31%	-303.01%	1.41%	-22.67%	92.23%	-7.51%	39.90%	-256.07%	135.82%	-3.12%	-8.79%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-11.11%	90.00%	-8.26%	44.23%	-252.94%	142.00%	29.23%	-8.47%
Operating Cash Flow Q/Q Growth	-15.92%	-15.93%	-23.94%	27.63%	-13.27%	-17.13%	7.10%	465.71%	-18.06%	-13.96%	60.80%
Free Cash Flow Firm Q/Q Growth	-125.13%	181.34%	-107.50%	176.00%	-24.84%	-31.18%	-32.08%	-3.89%	8.50%	-56.07%	537.46%
Invested Capital Q/Q Growth	-1.04%	-1.46%	103.71%	-9.08%	2.89%	6.38%	10.11%	0.55%	6.31%	7.39%	-2.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	11.19%	13.39%	7.22%	17.95%	21.61%	23.34%	20.01%	4.80%	13.18%	21.05%	22.91%
EBITDA Margin	9.69%	12.72%	6.50%	16.74%	19.44%	20.81%	17.87%	4.53%	14.49%	21.04%	21.60%
Operating Margin	2.68%	4.23%	-3.26%	8.48%	13.79%	15.24%	11.49%	-4.28%	4.79%	12.17%	14.39%
EBIT Margin	1.83%	3.74%	-3.51%	8.06%	13.84%	15.39%	11.63%	-4.52%	5.16%	12.23%	14.40%
Profit (Net Income) Margin	-0.72%	-1.28%	-5.28%	-1.01%	6.93%	9.01%	6.81%	-5.25%	2.36%	7.51%	8.27%
Tax Burden Percent	71.25%	-2,240.27%	63.63%	-38.25%	69.57%	76.61%	78.68%	78.44%	75.94%	75.96%	73.23%
Interest Burden Percent	-55.40%	1.53%	236.57%	32.89%	72.04%	76.45%	74.41%	148.14%	60.13%	80.83%	78.44%
Effective Tax Rate	0.00%	-48.49%	0.00%	33.05%	21.51%	23.39%	21.32%	0.00%	24.06%	24.04%	26.77%
Return on Invested Capital (ROIC)	2.86%	6.66%	-2.17%	6.30%	16.98%	19.70%	12.77%	-3.09%	2.94%	8.49%	10.58%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.37%	-7.06%	-6.77%	-5.88%	3.57%	3.64%	1.30%	-9.06%	0.80%	5.29%	5.57%
Return on Net Nonoperating Assets (RNNOA)	-5.30%	-9.93%	-11.15%	-9.19%	2.98%	1.42%	0.49%	-5.79%	0.75%	5.24%	4.63%
Return on Equity (ROE)	-2.44%	-3.27%	-13.33%	-2.89%	19.96%	21.12%	13.26%	-8.88%	3.69%	13.73%	15.21%
Cash Return on Invested Capital (CROIC)	-6.33%	2.00%	-3.94%	30.41%	33.85%	10.81%	-10.69%	-20.37%	-9.62%	-5.01%	11.14%
Operating Return on Assets (OROA)	1.75%	2.66%	-2.41%	6.40%	12.10%	12.17%	8.63%	-2.96%	2.91%	7.88%	10.07%
Return on Assets (ROA)	-0.69%	-0.91%	-3.62%	-0.81%	6.06%	7.12%	5.06%	-3.44%	1.33%	4.84%	5.78%
Return on Common Equity (ROCE)	-2.44%	-3.27%	-13.33%	-2.89%	19.96%	21.12%	13.26%	-8.88%	3.69%	13.73%	15.21%
Return on Equity Simple (ROE_SIMPLE)	-2.45%	-3.30%	-14.13%	-2.93%	17.66%	19.07%	12.39%	-9.25%	3.61%	12.76%	0.00%
Net Operating Profit after Tax (NOPAT)	16	40	-14	35	77	86	66	-19	21	70	94
NOPAT Margin	1.88%	6.28%	-2.28%	5.68%	10.83%	11.67%	9.04%	-2.99%	3.63%	9.24%	10.54%
Net Nonoperating Expense Percent (NNEP)	7.24%	13.72%	4.59%	12.18%	13.42%	16.06%	11.47%	5.97%	2.14%	3.20%	5.01%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-2.81%	2.69%	7.86%	10.45%
Cost of Revenue to Revenue	88.81%	86.61%	92.78%	82.05%	78.39%	76.66%	79.99%	95.20%	86.82%	78.95%	77.09%
SG&A Expenses to Revenue	8.29%	8.67%	9.67%	8.88%	8.31%	8.55%	8.56%	7.88%	9.68%	9.28%	8.78%
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	8.52%	9.16%	10.47%	9.48%	7.82%	8.11%	8.56%	9.08%	8.40%	8.89%	8.52%
Earnings before Interest and Taxes (EBIT)	16	24	-21	50	98	113	84	-29	30	93	128
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	83	81	38	104	138	153	130	29	85	160	192
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.95	1.03	1.51	1.92	2.59	2.47	2.59	1.07	1.33	1.69	1.73
Price to Tangible Book Value (P/TBV)	1.44	1.57	2.30	2.99	3.57	3.17	3.21	1.35	1.66	2.04	2.03
Price to Revenue (P/Rev)	0.28	0.40	0.56	0.67	1.02	1.17	1.42	0.61	0.87	1.00	1.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	14.68	12.94	20.91	0.00	36.79	13.26	12.14
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	0.00%	0.00%	0.00%	0.00%	6.81%	7.73%	4.78%	0.00%	2.72%	7.54%	8.24%
Enterprise Value to Invested Capital (EV/IC)	0.98	1.03	1.19	1.43	2.07	2.12	2.10	1.04	1.16	1.35	1.43
Enterprise Value to Revenue (EV/Rev)	0.67	0.99	1.26	1.13	1.21	1.31	1.66	1.09	1.53	1.57	1.42
Enterprise Value to EBITDA (EV/EBITDA)	6.92	7.80	19.40	6.75	6.22	6.31	9.31	24.09	10.55	7.46	6.55
Enterprise Value to EBIT (EV/EBIT)	36.66	26.55	0.00	14.01	8.74	8.53	14.32	0.00	29.58	12.84	9.83
Enterprise Value to NOPAT (EV/NOPAT)	35.76	15.80	0.00	19.90	11.17	11.25	18.42	0.00	42.04	16.99	13.43
Enterprise Value to Operating Cash Flow (EV/OCF)	19.73	16.37	34.69	5.09	4.47	12.20	24.67	428.73	18.99	17.09	5.10
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	52.62	0.00	4.12	5.60	20.50	0.00	0.00	0.00	0.00	12.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.40	1.58	1.94	1.50	1.16	0.93	0.80	0.87	1.07	1.00	0.73
Long-Term Debt to Equity	1.37	1.57	1.93	1.50	1.16	0.93	0.80	0.87	1.07	1.00	0.73
Financial Leverage	1.21	1.41	1.65	1.56	0.83	0.39	0.38	0.64	0.93	0.99	0.83
Leverage Ratio	3.53	3.58	3.68	3.58	3.29	2.96	2.62	2.58	2.78	2.84	2.63
Compound Leverage Factor	-1.95	0.05	8.70	1.18	2.37	2.27	1.95	3.82	1.67	2.29	2.06
Debt to Total Capital	58.35%	61.31%	65.99%	59.97%	53.61%	48.29%	44.58%	46.61%	51.66%	49.96%	42.24%
Short-Term Debt to Total Capital	1.24%	0.38%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	57.11%	60.93%	65.80%	59.97%	53.61%	48.29%	44.58%	46.61%	51.66%	49.96%	42.24%
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	41.65%	38.69%	34.01%	40.03%	46.39%	51.71%	55.42%	53.39%	48.34%	50.04%	57.76%
Debt to EBITDA	4.26	4.84	11.16	3.10	2.33	2.12	2.47	10.93	4.82	2.79	1.97
Net Debt to EBITDA	4.04	4.65	10.75	2.77	0.98	0.70	1.35	10.71	4.56	2.73	1.90
Long-Term Debt to EBITDA	4.16	4.81	11.13	3.10	2.33	2.12	2.47	10.93	4.82	2.79	1.97
Debt to NOPAT	21.98	9.81	-31.79	9.14	4.19	3.78	4.89	-16.56	19.23	6.36	4.04
Net Debt to NOPAT	20.87	9.41	-30.62	8.16	1.76	1.25	2.67	-16.22	18.16	6.21	3.90
Long-Term Debt to NOPAT	21.52	9.75	-31.70	9.14	4.19	3.78	4.89	-16.56	19.23	6.36	4.04
Altman Z-Score	1.36	1.15	1.00	1.49	1.95	2.29	2.38	1.06	1.18	1.61	1.94
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	1.60	1.71	1.75	1.27	1.47	2.06	2.12	1.14	1.26	1.22	1.01
Quick Ratio	1.10	1.08	0.45	0.61	1.01	1.45	1.48	0.32	0.43	0.59	0.39
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-36	12	-24	170	154	47	-55	-128	-70	-42	99
Operating Cash Flow to CapEx	39.82%	53.12%	37.48%	387.30%	439.41%	182.87%	43.68%	1.17%	39.47%	60.56%	170.58%
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	9.11
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	22.79
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	9.43
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.96	0.71	0.69	0.79	0.87	0.79	0.74	0.66	0.56	0.64	0.70
Accounts Receivable Turnover	4.20	3.23	5.04	10.64	16.83	24.96	11.91	10.15	11.83	8.83	9.44
Inventory Turnover	21.53	15.11	15.35	16.29	19.13	17.34	17.75	20.59	16.21	18.88	23.70
Fixed Asset Turnover	2.07	1.51	1.46	1.62	1.91	1.94	1.73	1.30	1.02	1.16	1.18
Accounts Payable Turnover	6.37	4.97	6.53	7.45	7.56	7.63	7.41	6.88	5.75	6.50	6.50
Days Sales Outstanding (DSO)	86.84	113.11	72.44	34.31	21.69	14.62	30.65	35.96	30.86	41.36	38.67
Days Inventory Outstanding (DIO)	16.96	24.16	23.77	22.41	19.08	21.05	20.56	17.73	22.51	19.33	15.40
Days Payable Outstanding (DPO)	57.28	73.39	55.92	48.98	48.30	47.83	49.29	53.08	63.43	56.12	56.18
Cash Conversion Cycle (CCC)	46.52	63.88	40.30	7.75	-7.54	-12.16	1.92	0.60	-10.06	4.57	-2.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	588	616	627	492	415	454	575	683	775	887	882
Invested Capital Turnover	1.53	1.06	0.95	1.11	1.57	1.69	1.41	1.03	0.81	0.92	1.00
Increase / (Decrease) in Invested Capital	52	28	11	-135	-76	39	121	109	92	112	-4.96
Enterprise Value (EV)	575	633	747	701	860	963	1,209	709	901	1,198	1,257
Market Capitalization	239	256	333	414	724	856	1,033	394	512	760	892
Book Value per Share	$4.17	$4.07	$3.59	$3.44	$4.37	$5.34	$6.07	$5.56	$5.79	$6.67	$7.61
Tangible Book Value per Share	$2.75	$2.67	$2.35	$2.21	$3.17	$4.16	$4.90	$4.41	$4.64	$5.53	$6.48
Total Capital	605	641	651	537	602	670	720	690	798	897	895
Total Debt	353	393	429	322	323	324	321	322	412	448	378
Total Long-Term Debt	346	390	428	322	323	324	321	322	412	448	378
Net Debt	335	377	414	287	136	107	176	315	389	438	365
Capital Expenditures (CapEx)	73	73	57	36	44	43	112	141	120	116	145
Debt-free, Cash-free Net Working Capital (DFCFNWC)	117	119	97	9.12	-90	-30	27	16	24	37	-12
Debt-free Net Working Capital (DFNWC)	132	130	113	44	97	186	173	23	47	47	1.63
Net Working Capital (NWC)	124	127	112	44	97	186	173	23	47	47	1.63
Net Nonoperating Expense (NNE)	22	48	18	42	28	20	16	15	7.52	13	20
Net Nonoperating Obligations (NNO)	335	368	405	277	136	107	176	315	389	438	365
Total Depreciation and Amortization (D&A)	67	57	59	54	40	40	45	59	55	67	64
Debt-free, Cash-free Net Working Capital to Revenue	13.70%	18.62%	16.43%	1.47%	-12.68%	-4.10%	3.75%	2.46%	4.08%	4.88%	-1.32%
Debt-free Net Working Capital to Revenue	15.35%	20.37%	19.11%	7.02%	13.60%	25.41%	23.78%	3.47%	7.95%	6.22%	0.18%
Net Working Capital to Revenue	14.48%	19.98%	18.90%	7.02%	13.60%	25.41%	23.78%	3.47%	7.95%	6.22%	0.18%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.10)	($0.13)	($0.51)	($0.10)	$0.78	$1.02	$0.75	($0.52)	$0.21	$0.85	$1.10
Adjusted Weighted Average Basic Shares Outstanding	60.41M	60.74M	61.37M	62.24M	63.60M	64.74M	65.59M	66.05M	66.47M	67.09M	66.87M
Adjusted Diluted Earnings per Share	($0.10)	($0.13)	($0.51)	($0.10)	$0.76	$1.00	$0.75	($0.52)	$0.21	$0.84	$1.08
Adjusted Weighted Average Diluted Shares Outstanding	60.41M	60.74M	61.37M	63.61M	65.04M	65.87M	66.30M	66.05M	66.96M	67.85M	67.75M
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	60.43M	60.96M	61.62M	62.65M	64.29M	65.12M	65.75M	66.19M	66.62M	67.28M	66.78M
Normalized Net Operating Profit after Tax (NOPAT)	17	21	-10	38	78	84	66	-19	21	70	94
Normalized NOPAT Margin	2.03%	3.30%	-1.71%	6.08%	10.95%	11.51%	9.04%	-2.99%	3.63%	9.24%	10.54%
Pre Tax Income Margin	-1.01%	0.06%	-8.30%	2.65%	9.97%	11.76%	8.65%	-6.69%	3.11%	9.88%	11.29%
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	11.82
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.65
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	-1.54
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	-4.71
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	-24.95%	-83.38%	-16.07%	0.00%	4.84%	5.86%	8.89%	-2.88%	0.00%	20.19%	18.73%

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.22%	-25.99%	23.91%	25.70%	28.21%	63.14%	11.58%	22.25%	13.92%	2.11%	26.47%
EBITDA Growth	108.92%	345.92%	462.66%	312.90%	59.33%	350.45%	9.20%	35.26%	14.10%	33.10%	-0.65%
EBIT Growth	490.15%	46.41%	183.78%	5,108.48%	157.94%	424.82%	-2.72%	55.39%	17.81%	68.15%	9.48%
NOPAT Growth	1,153.35%	45.81%	192.22%	4,006.29%	322.05%	443.23%	0.59%	56.55%	18.65%	69.93%	-5.17%
Net Income Growth	142.97%	37.90%	169.16%	750.70%	342.76%	243.84%	-8.54%	58.94%	26.35%	100.23%	-35.92%
EPS Growth	150.00%	100.00%	147.92%	720.00%	266.67%	0.00%	82.61%	58.06%	27.27%	100.00%	-34.48%
Operating Cash Flow Growth	197.28%	306.48%	-125.92%	312.46%	-25.87%	72.95%	-528.21%	58.30%	209.87%	83.62%	689.90%
Free Cash Flow Firm Growth	64.82%	67.78%	49.49%	62.07%	-76.82%	-60.16%	-30.07%	-85.07%	13.95%	31.66%	131.22%
Invested Capital Growth	8.45%	7.26%	13.41%	9.28%	14.66%	13.32%	14.47%	14.85%	11.43%	9.55%	-0.56%
Revenue Q/Q Growth	-16.06%	-11.67%	55.08%	9.32%	-14.38%	12.40%	6.07%	19.77%	-20.22%	0.75%	31.38%
EBITDA Q/Q Growth	109.22%	-67.24%	540.86%	5.20%	-19.27%	-7.37%	55.36%	28.35%	-46.06%	23.74%	15.97%
EBIT Q/Q Growth	995.45%	-191.18%	688.08%	4.31%	-53.88%	14.82%	76.12%	66.62%	-65.04%	63.89%	14.68%
NOPAT Q/Q Growth	516.95%	-242.21%	760.86%	-0.31%	-54.95%	15.65%	93.67%	55.15%	-65.86%	65.62%	8.08%
Net Income Q/Q Growth	153.64%	-455.11%	450.31%	-2.48%	-63.50%	15.37%	122.73%	69.49%	-70.99%	82.82%	-28.72%
EPS Q/Q Growth	160.00%	-100.00%	0.00%	-3.13%	-64.52%	-100.00%	0.00%	16.67%	-71.43%	85.71%	-26.92%
Operating Cash Flow Q/Q Growth	165.85%	-37.52%	-113.90%	1,886.29%	-52.22%	45.75%	-150.50%	550.14%	-6.47%	-13.63%	62.22%
Free Cash Flow Firm Q/Q Growth	52.39%	-1.23%	-28.23%	38.63%	-121.97%	8.31%	-4.14%	12.68%	-3.21%	27.18%	147.57%
Invested Capital Q/Q Growth	0.01%	3.63%	6.31%	-0.82%	4.93%	2.42%	7.39%	-0.49%	1.82%	0.69%	-2.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.49%	7.71%	21.28%	22.94%	17.54%	18.95%	24.13%	28.63%	18.87%	22.42%	20.91%
EBITDA Margin	16.49%	6.12%	25.27%	21.73%	20.49%	16.88%	24.73%	26.50%	17.92%	22.01%	19.43%
Operating Margin	2.77%	-4.37%	16.80%	15.85%	8.58%	8.73%	14.82%	20.56%	8.82%	14.42%	12.72%
EBIT Margin	4.30%	-4.44%	16.83%	16.06%	8.65%	8.84%	14.67%	20.41%	8.95%	14.55%	12.70%
Profit (Net Income) Margin	1.31%	-5.25%	11.86%	10.58%	4.51%	4.63%	9.72%	13.76%	5.00%	9.08%	4.93%
Tax Burden Percent	68.53%	77.28%	77.64%	75.05%	72.97%	73.73%	79.34%	74.05%	73.91%	74.32%	69.31%
Interest Burden Percent	44.34%	153.11%	90.79%	87.80%	71.47%	71.07%	83.52%	91.02%	75.68%	83.95%	55.95%
Effective Tax Rate	31.47%	0.00%	22.36%	24.95%	27.03%	26.27%	20.66%	25.95%	26.09%	25.68%	30.69%
Return on Invested Capital (ROIC)	1.68%	-2.41%	10.55%	10.19%	5.53%	6.14%	10.79%	14.89%	6.35%	10.33%	8.85%
ROIC Less NNEP Spread (ROIC-NNEP)	1.40%	-3.21%	9.94%	9.44%	4.71%	5.24%	9.80%	13.95%	5.62%	9.54%	6.37%
Return on Net Nonoperating Assets (RNNOA)	1.02%	-2.71%	9.29%	8.53%	4.33%	5.05%	9.71%	11.96%	5.03%	8.26%	5.29%
Return on Equity (ROE)	2.70%	-5.12%	19.83%	18.72%	9.87%	11.19%	20.50%	26.84%	11.38%	18.59%	14.15%
Cash Return on Invested Capital (CROIC)	-12.60%	-10.89%	-9.62%	-2.63%	-6.50%	-3.43%	-5.01%	-3.67%	-0.76%	1.79%	11.14%
Operating Return on Assets (OROA)	2.53%	-2.43%	9.48%	9.55%	5.41%	6.05%	9.46%	14.15%	6.27%	10.07%	8.88%
Return on Assets (ROA)	0.77%	-2.88%	6.69%	6.29%	2.82%	3.17%	6.27%	9.54%	3.51%	6.28%	3.44%
Return on Common Equity (ROCE)	2.70%	-5.12%	19.83%	18.72%	9.87%	11.19%	20.50%	26.84%	11.38%	18.59%	14.15%
Return on Equity Simple (ROE_SIMPLE)	-11.55%	-10.61%	0.00%	9.33%	10.55%	13.89%	0.00%	14.51%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	2.52	-3.59	24	24	11	12	24	37	13	21	23
NOPAT Margin	1.90%	-3.06%	13.04%	11.89%	6.26%	6.44%	11.76%	15.23%	6.52%	10.71%	8.81%
Net Nonoperating Expense Percent (NNEP)	0.28%	0.80%	0.61%	0.74%	0.82%	0.91%	1.00%	0.94%	0.73%	0.79%	2.48%
Return On Investment Capital (ROIC_SIMPLE)	-	-	2.97%	-	-	-	2.66%	4.14%	1.40%	2.28%	2.52%
Cost of Revenue to Revenue	86.51%	92.29%	78.72%	77.06%	82.46%	81.05%	75.87%	71.37%	81.13%	77.58%	79.09%
SG&A Expenses to Revenue	10.90%	12.11%	8.47%	8.11%	9.50%	10.37%	9.21%	8.25%	10.05%	8.99%	8.15%
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	10.72%	12.08%	4.48%	7.10%	8.97%	10.22%	9.31%	8.06%	10.05%	8.00%	8.20%
Earnings before Interest and Taxes (EBIT)	5.70	-5.20	31	32	15	17	30	50	17	28	33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	22	7.17	46	43	35	32	50	64	35	43	50
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.47	1.45	1.33	1.42	1.41	1.66	1.69	1.22	1.72	1.62	1.73
Price to Tangible Book Value (P/TBV)	1.86	1.83	1.66	1.75	1.72	2.03	2.04	1.45	2.04	1.92	2.03
Price to Revenue (P/Rev)	0.91	0.96	0.87	0.92	0.88	0.95	1.00	0.73	1.00	0.98	1.00
Price to Earnings (P/E)	0.00	0.00	36.79	15.27	13.34	11.97	13.26	8.40	11.55	10.12	12.14
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	0.00%	0.00%	2.72%	6.55%	7.50%	8.35%	7.54%	11.90%	8.66%	9.88%	8.24%
Enterprise Value to Invested Capital (EV/IC)	1.25	1.23	1.16	1.23	1.21	1.34	1.35	1.12	1.39	1.35	1.43
Enterprise Value to Revenue (EV/Rev)	1.47	1.61	1.53	1.50	1.46	1.49	1.57	1.22	1.50	1.46	1.42
Enterprise Value to EBITDA (EV/EBITDA)	86.61	56.93	10.55	8.83	8.16	7.66	7.46	5.57	6.86	6.34	6.55
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	29.58	14.96	13.56	11.78	12.84	8.91	10.96	9.74	9.83
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	42.04	20.53	18.08	15.73	16.99	11.79	14.52	12.91	13.43
Enterprise Value to Operating Cash Flow (EV/OCF)	25.12	15.42	18.99	12.31	13.93	13.61	17.09	10.68	9.50	7.94	5.10
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	78.78	12.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.02	1.03	1.07	0.93	0.98	0.97	1.00	0.86	0.87	0.83	0.73
Long-Term Debt to Equity	1.02	1.03	1.07	0.93	0.98	0.97	1.00	0.86	0.87	0.83	0.73
Financial Leverage	0.73	0.85	0.93	0.90	0.92	0.96	0.99	0.86	0.89	0.87	0.83
Leverage Ratio	2.59	2.65	2.78	2.74	2.71	2.74	2.84	2.62	2.63	2.60	2.63
Compound Leverage Factor	1.15	4.06	2.52	2.41	1.94	1.94	2.37	2.38	1.99	2.18	1.47
Debt to Total Capital	50.56%	50.74%	51.66%	48.30%	49.61%	49.23%	49.96%	46.31%	46.55%	45.27%	42.24%
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	50.56%	50.74%	51.66%	48.30%	49.61%	49.23%	49.96%	46.31%	46.55%	45.27%	42.24%
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	49.45%	49.26%	48.34%	51.70%	50.39%	50.77%	50.04%	53.69%	53.45%	54.73%	57.76%
Debt to EBITDA	37.23	24.04	4.82	3.58	3.44	2.85	2.79	2.34	2.31	2.16	1.97
Net Debt to EBITDA	33.07	23.14	4.56	3.37	3.25	2.77	2.73	2.27	2.30	2.10	1.90
Long-Term Debt to EBITDA	37.23	24.04	4.82	3.58	3.44	2.85	2.79	2.34	2.31	2.16	1.97
Debt to NOPAT	-12.42	-13.80	19.23	8.33	7.62	5.86	6.36	4.94	4.89	4.40	4.04
Net Debt to NOPAT	-11.03	-13.28	18.16	7.83	7.19	5.69	6.21	4.80	4.86	4.27	3.90
Long-Term Debt to NOPAT	-12.42	-13.80	19.23	8.33	7.62	5.86	6.36	4.94	4.89	4.40	4.04
Altman Z-Score	1.25	1.08	1.18	1.34	1.31	1.46	1.44	1.50	1.59	1.62	1.69
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	1.35	1.02	1.26	1.25	1.32	1.21	1.22	1.33	1.15	1.20	1.01
Quick Ratio	0.60	0.27	0.43	0.38	0.48	0.31	0.59	0.65	0.59	0.64	0.39
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-52	-53	-68	-42	-92	-85	-88	-77	-80	-58	28
Operating Cash Flow to CapEx	123.74%	35.68%	-9.29%	464.77%	39.12%	70.50%	-60.11%	293.73%	93.94%	144.96%	271.35%
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	0.59	0.55	0.56	0.59	0.63	0.68	0.64	0.69	0.70	0.69	0.70
Accounts Receivable Turnover	10.60	11.20	11.83	17.24	13.45	20.36	8.83	10.49	9.93	10.99	9.44
Inventory Turnover	18.29	17.84	16.21	17.10	17.01	17.58	18.88	21.42	21.84	20.51	23.70
Fixed Asset Turnover	1.12	0.99	1.02	1.07	1.09	1.15	1.16	1.23	1.18	1.14	1.18
Accounts Payable Turnover	7.18	6.83	5.75	5.84	7.00	7.00	6.50	6.92	6.74	6.91	6.50
Days Sales Outstanding (DSO)	34.42	32.58	30.86	21.18	27.15	17.93	41.36	34.78	36.78	33.20	38.67
Days Inventory Outstanding (DIO)	19.95	20.46	22.51	21.35	21.46	20.76	19.33	17.04	16.71	17.80	15.40
Days Payable Outstanding (DPO)	50.83	53.40	63.43	62.48	52.17	52.14	56.12	52.77	54.12	52.85	56.18
Cash Conversion Cycle (CCC)	3.54	-0.36	-10.06	-19.96	-3.56	-13.46	4.57	-0.94	-0.64	-1.85	-2.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	703	729	775	768	806	826	887	883	899	905	882
Invested Capital Turnover	0.88	0.79	0.81	0.86	0.88	0.95	0.92	0.98	0.97	0.96	1.00
Increase / (Decrease) in Invested Capital	55	49	92	65	103	97	112	114	92	79	-4.96
Enterprise Value (EV)	877	893	901	942	977	1,108	1,198	988	1,245	1,218	1,257
Market Capitalization	542	530	512	583	588	707	760	585	828	815	892
Book Value per Share	$5.55	$5.50	$5.79	$6.13	$6.24	$6.33	$6.67	$7.13	$7.09	$7.38	$7.61
Tangible Book Value per Share	$4.40	$4.35	$4.64	$4.98	$5.10	$5.19	$5.53	$6.00	$5.97	$6.26	$6.48
Total Capital	745	743	798	791	829	838	897	894	901	917	895
Total Debt	377	377	412	382	411	413	448	414	420	415	378
Total Long-Term Debt	377	377	412	382	411	413	448	414	420	415	378
Net Debt	335	363	389	359	388	400	438	403	417	403	365
Capital Expenditures (CapEx)	20	43	23	8.27	47	38	22	21	61	34	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	6.96	-11	24	20	30	25	37	53	27	25	-12
Debt-free Net Working Capital (DFNWC)	49	3.55	47	43	54	37	47	65	30	38	1.63
Net Working Capital (NWC)	49	3.55	47	43	54	37	47	65	30	38	1.63
Net Nonoperating Expense (NNE)	0.79	2.57	2.14	2.60	2.97	3.46	4.12	3.57	2.93	3.19	9.97
Net Nonoperating Obligations (NNO)	335	363	389	359	388	400	438	403	417	403	365
Total Depreciation and Amortization (D&A)	16	12	15	11	20	15	20	15	17	15	17
Debt-free, Cash-free Net Working Capital to Revenue	1.17%	-1.90%	4.08%	3.15%	4.55%	3.37%	4.88%	6.59%	3.22%	3.05%	-1.32%
Debt-free Net Working Capital to Revenue	8.23%	0.64%	7.95%	6.77%	8.01%	4.99%	6.22%	8.00%	3.57%	4.57%	0.18%
Net Working Capital to Revenue	8.23%	0.64%	7.95%	6.77%	8.01%	4.99%	6.22%	8.00%	3.57%	4.57%	0.18%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.03	($0.09)	$0.32	$0.32	$0.11	$0.13	$0.29	$0.50	$0.15	$0.27	$0.18
Adjusted Weighted Average Basic Shares Outstanding	66.46M	66.53M	66.47M	66.73M	67.12M	67.22M	67.09M	67.38M	66.70M	66.68M	66.87M
Adjusted Diluted Earnings per Share	$0.03	($0.09)	$0.23	$0.31	$0.11	$0.00	$0.42	$0.49	$0.14	$0.26	$0.19
Adjusted Weighted Average Diluted Shares Outstanding	66.81M	66.53M	66.96M	67.49M	67.70M	67.83M	67.85M	68.40M	67.19M	67.35M	67.75M
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	66.49M	66.61M	66.62M	67.01M	67.19M	67.27M	67.28M	67.93M	68.00M	68.00M	66.78M
Normalized Net Operating Profit after Tax (NOPAT)	2.36	-3.61	24	22	9.98	12	24	37	13	19	23
Normalized NOPAT Margin	1.78%	-3.08%	13.04%	11.13%	5.87%	6.33%	11.76%	15.09%	6.52%	9.98%	8.81%
Pre Tax Income Margin	1.91%	-6.80%	15.28%	14.10%	6.18%	6.28%	12.26%	18.58%	6.77%	12.22%	7.11%
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	0.00%	-0.39%	0.00%	0.00%	25.53%	18.44%	20.19%	21.15%	17.44%	15.98%	18.73%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for GLDD (Great Lakes Dredge & Dock) based on the quarterly statements from 2022 through 2025. The bullets highlight points that may positively or negatively impact the stock, with positives listed first, then neutral, then negatives.

Q4 2025 net cash from continuing operating activities: $79,748,000, the strongest quarterly operating cash flow in the period shown.
Q4 2025 gross profit of $53,636,000 on $256,452,000 in revenue, indicating improved gross margins versus Q4 2024.
Q4 2025 net income attributable to common shareholders: $12,634,000, reflecting continued quarterly profitability.
Long-term debt declined QoQ, from $419,619,000 (Q2 2025) to $415,321,000 (Q3 2025), signaling slight deleveraging.
Total equity rose to $502,112,000 in Q3 2025, up from $481,869,000 in Q2 2025, showing strengthening capitalization.
Q4 2025 revenue increased to $256,452,000, up approximately 32% from Q2 2025, signaling topline improvement into year-end.
Profitability has been volatile historically, with negative net income in certain quarters (e.g., Q3 2023, Q4 2023, Q2 2022), illustrating cyclical business conditions.
Long-term debt has generally trended in a narrow band around $410–420 million over 2024–2025, suggesting limited near-term restructuring risk but ongoing leverage to monitor.
Cash balances remain relatively modest, with cash & equivalents around $12–\$19 million across periods, implying limited near-term liquidity headroom.
Investing activities show persistent capital expenditures, e.g., Q4 2025 PPE purchases of about \$29.5 million and Q3 2025 PPE purchases of about \$35.9 million, contributing to negative net cash from investing activities.

05/25/26 07:45 PM ETAI Generated. May Contain Errors.

Great Lakes Dredge & Dock Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Great Lakes Dredge & Dock's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Great Lakes Dredge & Dock's net income appears to be on an upward trend, with a most recent value of $73.47 million in 2025, falling from -$6.19 million in 2015. The previous period was $57.27 million in 2024. Find out what analysts predict for Great Lakes Dredge & Dock in the coming months.

Great Lakes Dredge & Dock's total operating income in 2025 was $127.79 million, based on the following breakdown:

Total Gross Profit: $203.49 million
Total Operating Expenses: $75.70 million

Over the last 10 years, Great Lakes Dredge & Dock's total revenue changed from $856.88 million in 2015 to $888.28 million in 2025, a change of 3.7%.

Great Lakes Dredge & Dock's total liabilities were at $768.61 million at the end of 2025, a 4.7% decrease from 2024, and a 19.0% increase since 2015.

In the past 10 years, Great Lakes Dredge & Dock's cash and equivalents has ranged from $6.55 million in 2022 to $216.51 million in 2020, and is currently $13.36 million as of their latest financial filing in 2025.

Over the last 10 years, Great Lakes Dredge & Dock's book value per share changed from 4.17 in 2015 to 7.61 in 2025, a change of 82.3%.

Related Companies

Financial statements for NASDAQ:GLDD last updated on 2/26/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Great Lakes Dredge & Dock (GLDD) Financials

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Great Lakes Dredge & Dock (GLDD) Financials

Annual Income Statements for Great Lakes Dredge & Dock

Quarterly Income Statements for Great Lakes Dredge & Dock

Annual Cash Flow Statements for Great Lakes Dredge & Dock

Quarterly Cash Flow Statements for Great Lakes Dredge & Dock

Annual Balance Sheets for Great Lakes Dredge & Dock

Quarterly Balance Sheets for Great Lakes Dredge & Dock

Annual Metrics And Ratios for Great Lakes Dredge & Dock

Quarterly Metrics And Ratios for Great Lakes Dredge & Dock

Financials Breakdown Chart

Key Financial Trends

Great Lakes Dredge & Dock Financials - Frequently Asked Questions

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

How has Great Lakes Dredge & Dock's net income changed over the last 10 years?

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

How has Great Lakes Dredge & Dock's revenue changed over the last 10 years?

How much debt does Great Lakes Dredge & Dock have?

How much cash does Great Lakes Dredge & Dock have?

How has Great Lakes Dredge & Dock's book value per share changed over the last 10 years?

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