Willdan Group (WLDN) Financials

$94.36 +3.68 (+4.06%)

As of 01:20 PM Eastern

Annual Income Statements for Willdan Group

This table shows Willdan Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/2/2015	1/1/2016	12/30/2016	12/29/2017	12/28/2018	12/27/2019	1/1/2021	12/31/2021	12/30/2022	12/29/2023	12/27/2024
Net Income / (Loss) Attributable to Common Shareholders	9.42	4.26	8.30	12	10	4.84	-14	-8.42	-8.45	11	23
Consolidated Net Income / (Loss)	9.42	4.26	8.30	12	10	4.84	-14	-8.42	-8.45	11	23
Net Income / (Loss) Continuing Operations	9.42	4.26	8.30	12	10	4.84	-14	-8.42	-8.45	11	23
Total Pre-Tax Income	8.43	7.34	11	14	12	4.66	-20	-12	-11	15	27
Total Operating Income	8.31	7.53	12	14	13	9.36	-16	-8.69	-7.06	22	31
Total Gross Profit	44	53	66	77	93	135	129	136	144	180	203
Total Revenue	108	135	209	273	272	443	391	354	429	510	566
Operating Revenue	108	135	209	273	272	443	391	354	429	510	566
Total Cost of Revenue	64	82	143	197	179	308	262	218	286	330	363
Operating Cost of Revenue	64	82	143	197	179	308	262	218	286	330	363
Total Operating Expenses	36	45	54	63	80	126	146	145	151	158	171
Selling, General & Admin Expense	9.46	13	15	15	17	24	29	27	34	31	34
Depreciation Expense	0.46	2.07	3.20	3.95	6.06	15	19	17	17	16	15
Other Operating Expenses / (Income)	26	30	35	41	51	75	82	84	91	105	115
Other Special Charges / (Income)	0.26	0.78	1.24	2.77	6.26	12	16	17	8.37	5.32	7.39
Total Other Income / (Expense), net	0.12	-0.19	-0.18	-0.01	-0.61	-4.71	-3.44	-3.71	-4.39	-7.48	-4.67
Interest & Investment Income	0.01	-	-	-	-	-	-5.07	-3.87	-5.33	-9.41	-7.80
Other Income / (Expense), net	0.13	0.02	0.00	0.10	0.09	0.19	1.63	0.16	0.94	1.93	3.13
Income Tax Expense	-0.99	3.08	3.07	1.56	2.13	-0.19	-5.17	-3.99	-3.00	3.67	4.11
Basic Earnings per Share	$1.26	$0.54	$1.01	$1.42	$1.08	$0.43	($1.23)	($0.68)	($0.65)	$0.82	$1.63
Weighted Average Basic Shares Outstanding	7.49M	7.83M	8.22M	8.54M	9.26M	11.16M	11.79M	12.46M	13.01M	13.39M	13.82M
Diluted Earnings per Share	$1.22	$0.52	$0.97	$1.32	$1.03	$0.41	($1.23)	($0.68)	($0.65)	$0.80	$1.58
Weighted Average Diluted Shares Outstanding	7.74M	8.11M	8.57M	9.16M	9.76M	11.77M	11.79M	12.46M	13.01M	13.61M	14.25M
Weighted Average Basic & Diluted Shares Outstanding	7.50M	7.90M	8.20M	8.50M	9.30M	11.55M	12.24M	12.86M	13.39M	13.77M	14.41M

This table shows Willdan Group'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	Q1 2026
Period end date	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	4/4/2025	7/4/2025	10/3/2025	4/3/2026
Net Income / (Loss) Attributable to Common Shareholders	0.40	1.57	8.03	2.94	4.59	7.35	7.69	4.69	15	14	8.53
Consolidated Net Income / (Loss)	0.40	1.57	8.03	2.94	4.59	7.35	7.69	4.69	15	14	8.53
Net Income / (Loss) Continuing Operations	0.40	1.57	8.03	2.94	4.59	7.35	7.69	4.69	15	14	8.53
Total Pre-Tax Income	0.64	2.28	9.98	3.93	5.31	7.50	9.93	5.19	10	14	7.25
Total Operating Income	2.47	3.84	12	5.36	6.45	8.67	11	7.04	12	15	7.29
Total Gross Profit	41	43	54	47	49	52	55	58	68	67	63
Total Revenue	119	133	156	122	141	158	144	152	173	182	155
Operating Revenue	119	133	156	122	141	158	144	152	173	182	155
Total Cost of Revenue	78	89	101	75	92	107	89	95	105	115	92
Operating Cost of Revenue	78	89	101	75	92	107	89	95	105	115	92
Total Operating Expenses	38	40	43	42	42	43	44	51	57	52	56
Selling, General & Admin Expense	7.71	8.05	8.19	8.12	8.31	8.93	8.84	10	13	11	11
Depreciation Expense	4.13	4.19	3.91	3.59	3.63	3.72	3.81	4.44	5.50	3.91	5.45
Other Operating Expenses / (Income)	25	26	29	29	28	28	29	34	35	34	35
Other Special Charges / (Income)	1.29	1.24	1.26	1.39	1.95	2.02	2.03	2.43	3.18	3.15	3.69
Total Other Income / (Expense), net	-1.83	-1.56	-1.77	-1.43	-1.13	-1.17	-0.94	-1.84	-1.64	-0.57	-0.04
Interest & Investment Income	-2.21	-2.44	-2.30	-2.14	-1.96	-1.93	-1.77	-1.80	-2.19	-0.90	-0.84
Other Income / (Expense), net	0.37	0.88	0.54	0.70	0.83	0.76	0.83	-0.04	0.55	0.33	0.80
Income Tax Expense	0.24	0.71	1.95	0.99	0.72	0.16	2.25	0.51	-5.26	0.57	-1.28
Basic Earnings per Share	$0.03	$0.12	$0.60	$0.22	$0.33	$0.53	$0.55	$0.33	$1.07	$0.94	$0.58
Weighted Average Basic Shares Outstanding	13.34M	13.46M	13.39M	13.61M	13.73M	13.93M	13.82M	14.16M	14.44M	14.60M	14.74M
Diluted Earnings per Share	$0.03	$0.11	$0.59	$0.21	$0.33	$0.51	$0.53	$0.32	$1.03	$0.90	$0.55
Weighted Average Diluted Shares Outstanding	13.49M	13.71M	13.61M	13.91M	14.07M	14.36M	14.25M	14.63M	14.92M	15.23M	15.39M
Weighted Average Basic & Diluted Shares Outstanding	13.59M	13.65M	13.77M	13.82M	13.99M	14.12M	14.41M	14.50M	14.67M	14.75M	15.11M

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/2/2015	1/1/2016	12/30/2016	12/29/2017	12/28/2018	12/27/2019	1/1/2021	12/31/2021	12/30/2022	12/29/2023	12/27/2024
Net Change in Cash & Equivalents	12	-1.69	6.18	-8.24	0.84	-9.81	23	-17	8.26	3.91	51
Net Cash From Operating Activities	12	8.10	22	11	7.57	12	47	9.80	9.43	39	72
Net Cash From Continuing Operating Activities	12	8.10	22	11	7.57	12	47	9.80	9.43	39	72
Net Income / (Loss) Continuing Operations	9.42	4.26	8.30	12	10	4.84	-14	-8.42	-8.45	11	23
Consolidated Net Income / (Loss)	9.42	4.26	8.30	12	10	4.84	-14	-8.42	-8.45	11	23
Depreciation Expense	0.46	2.07	3.22	4.08	6.21	15	19	17	17	16	15
Non-Cash Adjustments To Reconcile Net Income	0.79	1.90	-0.42	-3.67	-6.31	-21	63	28	-13	-1.70	14
Changes in Operating Assets and Liabilities, net	1.23	-0.13	10	-1.47	-2.36	12	-20	-27	14	14	21
Net Cash From Investing Activities	-0.49	-11	-11	-17	-126	-78	-5.06	-8.45	-9.53	-11	-16
Net Cash From Continuing Investing Activities	-0.49	-11	-11	-17	-126	-78	-5.06	-8.45	-9.53	-11	-16
Purchase of Property, Plant & Equipment	-0.49	-2.48	-1.66	-2.18	-2.11	-6.64	-5.08	-8.50	-9.60	-9.93	-8.41
Acquisitions	-	-8.17	-8.86	-15	-124	-72	-	0.00	0.00	-1.60	-7.36
Sale of Property, Plant & Equipment	0.01	0.01	0.02	-	0.06	0.05	0.02	0.05	0.08	0.07	0.03
Net Cash From Financing Activities	0.10	0.85	-4.92	-2.53	120	57	-19	-19	8.36	-24	-5.57
Net Cash From Continuing Financing Activities	0.10	0.85	-4.92	-2.53	120	57	-19	-19	8.36	-24	-5.57
Repayment of Debt	-0.42	-2.44	-4.90	-4.16	-4.28	-81	-43	-15	-15	-116	-8.32
Repurchase of Common Equity	-	-	-	-	-0.44	-2.88	-2.95	-3.12	-0.99	-0.21	-1.41
Issuance of Debt	-	2.61	0.73	1.00	72	138	25	2.07	22	105	0.00
Issuance of Common Equity	0.08	0.17	0.21	0.83	57	3.44	2.22	2.66	3.04	2.78	2.84
Other Financing Activities, net	0.45	0.51	-0.96	-0.20	-4.00	-1.09	-0.90	-5.24	-0.31	-16	1.32
Cash Interest Paid	0.02	0.20	0.18	0.11	0.49	4.17	5.03	3.55	5.07	10	7.52
Cash Income Taxes Paid	0.13	0.95	1.88	2.75	3.16	4.05	0.17	-1.62	-1.12	-3.07	1.32

This table details how cash moves in and out of Willdan Group'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	Q1 2026
Period end date	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	4/4/2025	7/4/2025	10/3/2025	4/3/2026
Net Change in Cash & Equivalents	-4.20	-0.76	11	24	-2.66	8.84	21	-36	-6.02	0.76	-32
Net Cash From Operating Activities	1.62	5.20	15	27	0.89	11	33	3.31	25	12	-24
Net Cash From Continuing Operating Activities	1.62	5.20	15	27	0.75	11	33	3.31	25	12	-24
Net Income / (Loss) Continuing Operations	0.40	1.57	8.03	2.94	4.59	7.35	7.69	4.69	15	14	8.53
Consolidated Net Income / (Loss)	0.40	1.57	8.03	2.94	4.59	7.35	7.69	4.69	15	14	8.53
Depreciation Expense	4.13	4.19	3.91	3.59	3.63	3.72	3.81	4.44	5.50	3.91	5.45
Non-Cash Adjustments To Reconcile Net Income	-3.01	3.00	-15	16	-11	-6.41	16	1.21	-11	-7.64	16
Changes in Operating Assets and Liabilities, net	0.11	-3.56	18	4.33	4.01	6.27	6.18	-7.02	16	2.19	-54
Net Cash From Investing Activities	-2.23	-3.41	-2.34	-1.95	-2.15	-1.94	-9.70	-35	-4.87	-0.70	-2.58
Net Cash From Continuing Investing Activities	-2.23	-3.41	-2.34	-1.95	-2.15	-1.94	-9.70	-35	-4.87	-0.70	-2.58
Purchase of Property, Plant & Equipment	-2.27	-1.82	-2.34	-1.97	-2.15	-1.95	-2.34	-2.31	-2.21	-2.41	-2.02
Acquisitions	-	-	-	0.00	-	-	-7.36	-32	-2.67	1.71	-0.58
Sale of Property, Plant & Equipment	0.04	0.01	-	0.02	0.00	0.01	0.01	0.02	0.01	-	0.03
Net Cash From Financing Activities	-3.59	-2.56	-2.25	-1.47	-1.40	0.01	-2.71	-4.34	-27	-11	-5.41
Net Cash From Continuing Financing Activities	-3.59	-2.56	-2.25	-1.47	-1.40	0.01	-2.71	-4.34	-27	-11	-5.41
Repayment of Debt	-4.24	-104	-2.04	-2.03	-1.89	-1.89	-2.50	-0.14	-116	79	-0.63
Issuance of Common Equity	-	1.39	0.00	1.40	-	1.44	-	1.49	-	1.76	1.92
Other Financing Activities, net	-4.29	-0.32	-0.21	-0.06	0.50	0.92	-0.05	-5.69	-1.61	-92	-6.70
Cash Interest Paid	2.04	3.56	2.17	2.08	1.90	1.32	2.22	1.66	2.25	0.91	1.01
Cash Income Taxes Paid	-1.62	-1.46	0.08	0.00	0.55	0.65	0.11	0.06	2.41	-	0.81

This table presents Willdan Group'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	1/1/2016	12/30/2016	12/29/2017	12/28/2018	12/27/2019	1/1/2021	12/31/2021	12/30/2022	12/29/2023	12/27/2024	1/2/2026
Total Assets	72	108	138	301	440	403	394	410	416	465	544
Total Current Assets	51	75	83	136	175	156	149	174	192	236	252
Cash & Equivalents	16	23	14	15	5.45	28	11	8.81	23	74	66
Restricted Cash	-	-	-	-	-	-	0.00	11	0.00	0.00	0.00
Accounts Receivable	32	50	40	63	62	60	73	65	71	68	71
Prepaid Expenses	2.08	2.60	3.76	5.75	6.25	5.56	4.97	6.45	3.89	4.98	7.53
Other Current Assets	-	-	25	52	101	62	59	83	94	89	107
Plant, Property, & Equipment, net	3.68	4.51	5.31	8.00	12	13	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	18	29	50	157	252	235	245	236	224	229	293
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	17	23	27	30	31
Goodwill	16	22	38	98	128	130	130	130	131	141	180
Intangible Assets	1.55	5.94	11	44	77	64	53	41	32	29	36
Noncurrent Deferred & Refundable Income Taxes	-	-	-	12	9.31	14	17	19	16	13	27
Other Noncurrent Operating Assets	0.50	0.71	0.83	2.39	39	26	29	23	17	16	19
Total Liabilities & Shareholders' Equity	72	108	138	301	440	403	394	410	416	465	544
Total Liabilities	35	58	68	157	273	234	215	228	216	231	239
Total Current Liabilities	28	51	56	91	132	117	117	127	115	138	162
Short-Term Debt	5.90	6.23	4.92	12	19	27	25	21	8.45	13	6.23
Accounts Payable	5.56	17	21	37	34	41	37	29	33	34	46
Accrued Expenses	10	19	23	37	68	34	36	59	54	63	82
Other Current Liabilities	-	-	7.32	5.40	11	14	20	18	19	28	27
Total Noncurrent Liabilities	6.71	7.38	11	65	141	117	98	101	101	93	78
Long-Term Debt	1.09	2.07	2.50	62	117	98	86	91	89	79	46
Capital Lease Obligations	0.26	0.21	0.16	0.22	0.19	0.24	0.78	1.60	1.18	1.38	1.16
Other Noncurrent Operating Liabilities	4.31	2.54	5.43	2.15	24	19	12	8.86	11	12	30
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	38	50	71	144	167	169	179	182	200	234	305
Total Preferred & Common Equity	38	50	71	144	167	169	179	182	200	234	305
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	38	50	71	144	167	169	179	182	200	234	305
Common Stock	38	42	51	114	133	149	167	178	186	198	215
Retained Earnings	-0.84	7.46	20	30	35	21	12	3.65	15	37	90
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-0.40	-0.49	-0.04	0.00	-0.66	-0.31	-0.27

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

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/29/2023	3/29/2024	6/28/2024	9/27/2024	4/4/2025	7/4/2025	10/3/2025	4/3/2026
Total Assets	395	393	395	402	408	421	447	471	485	508	512
Total Current Assets	154	155	156	165	187	200	228	197	206	229	220
Cash & Equivalents	8.82	18	14	13	47	44	53	38	32	33	28
Restricted Cash	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.29
Accounts Receivable	65	57	57	68	51	62	65	62	60	74	84
Prepaid Expenses	4.89	5.43	5.40	5.28	5.86	6.11	5.33	7.19	6.36	5.44	8.38
Other Current Assets	75	75	79	79	82	88	104	89	107	116	95
Plant, Property, & Equipment, net	21	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	220	238	239	237	221	221	219	274	279	279	291
Noncurrent Note & Lease Receivables	-	24	25	26	28	28	29	30	31	31	31
Goodwill	130	130	130	131	131	131	131	174	182	178	180
Intangible Assets	44	39	36	34	30	28	27	42	34	36	33
Noncurrent Deferred & Refundable Income Taxes	21	18	18	17	15	15	15	13	18	17	28
Other Noncurrent Operating Assets	25	27	30	28	18	18	18	15	14	17	19
Total Liabilities & Shareholders' Equity	395	393	395	402	408	421	447	471	485	508	512
Total Liabilities	215	208	208	211	202	208	223	226	219	225	201
Total Current Liabilities	111	111	196	108	104	111	129	122	144	155	131
Short-Term Debt	18	20	103	8.00	8.92	9.53	10	11	11	11	12
Accounts Payable	23	29	35	33	35	32	38	42	42	50	42
Accrued Expenses	51	41	37	46	38	45	59	39	60	65	51
Other Current Liabilities	5.86	21	21	21	22	24	22	30	30	29	26
Total Noncurrent Liabilities	104	97	12	103	98	97	95	103	75	70	70
Long-Term Debt	94	85	0.02	91	87	84	82	84	57	47	45
Capital Lease Obligations	-	1.35	1.25	1.25	1.11	1.13	1.45	1.47	1.38	1.36	1.19
Other Noncurrent Operating Liabilities	10	10	11	10	11	12	12	18	17	22	23
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	180	185	187	191	206	213	224	246	266	283	310
Total Preferred & Common Equity	180	185	187	191	206	213	224	246	266	283	310
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	180	185	187	191	206	213	224	246	266	283	310
Common Stock	176	181	182	185	188	191	195	204	209	212	212
Retained Earnings	4.08	4.58	4.98	6.55	18	22	29	42	57	71	98
Accumulated Other Comprehensive Income / (Loss)	0.00	-	-	-	-0.23	-0.13	-0.81	-0.50	-0.31	-0.33	-0.15

This table displays calculated financial ratios and metrics derived from Willdan Group's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/2/2015	1/1/2016	12/30/2016	12/29/2017	12/28/2018	12/27/2019	1/1/2021	12/31/2021	12/30/2022	12/29/2023	12/27/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.39%	25.00%	54.65%	30.83%	-0.40%	62.75%	-11.76%	-9.52%	21.31%	18.87%	10.92%
EBITDA Growth	159.22%	8.16%	53.49%	21.12%	6.64%	31.23%	-83.45%	107.89%	31.98%	255.79%	21.74%
EBIT Growth	196.35%	-10.51%	52.97%	19.54%	-6.82%	-25.70%	-252.79%	41.55%	28.25%	491.97%	43.64%
NOPAT Growth	273.90%	-52.95%	92.93%	44.05%	-13.24%	-7.58%	-216.68%	46.44%	18.73%	434.33%	60.47%
Net Income Growth	258.02%	-54.77%	94.86%	46.15%	-17.31%	-51.73%	-399.44%	41.94%	-0.37%	229.33%	106.57%
EPS Growth	248.57%	-57.38%	86.54%	36.08%	-21.97%	-60.19%	-400.00%	44.72%	4.41%	223.08%	97.50%
Operating Cash Flow Growth	880.71%	-31.89%	166.60%	-48.75%	-31.63%	53.55%	304.66%	-79.15%	-3.78%	315.71%	83.79%
Free Cash Flow Firm Growth	861.69%	-221.51%	109.60%	-1,635.94%	-710.13%	34.30%	123.25%	-197.34%	97.64%	3,764.69%	190.58%
Invested Capital Growth	3.24%	114.53%	26.06%	78.40%	218.39%	46.45%	-10.43%	4.90%	-1.61%	0.00%	-7.82%
Revenue Q/Q Growth	7.75%	0.96%	14.15%	2.53%	8.91%	10.74%	-7.68%	-1.31%	5.16%	9.07%	-2.01%
EBITDA Q/Q Growth	22.91%	-11.63%	18.88%	3.49%	2.20%	24.88%	-70.55%	243.20%	32.74%	23.45%	-1.38%
EBIT Q/Q Growth	24.51%	-20.37%	24.00%	3.01%	-9.20%	70.70%	-255.60%	41.49%	33.04%	50.14%	-1.66%
NOPAT Q/Q Growth	20.51%	-28.73%	18.53%	16.00%	-13.21%	-14.57%	-225.84%	44.06%	32.95%	203.41%	-4.00%
Net Income Q/Q Growth	16.68%	-28.13%	16.72%	16.54%	-17.24%	70.46%	-98.66%	26.96%	5.22%	342.35%	-1.50%
EPS Q/Q Growth	16.19%	-30.67%	18.29%	13.79%	-20.77%	86.36%	-86.36%	26.09%	4.41%	344.44%	-3.66%
Operating Cash Flow Q/Q Growth	317.55%	-31.55%	12.92%	60.75%	-63.27%	171.01%	55.67%	-46.83%	-41.11%	35.03%	34.18%
Free Cash Flow Firm Q/Q Growth	375.42%	-45.18%	146.86%	2.46%	-3,830.24%	51.69%	183.09%	-27.99%	92.82%	66.35%	13.71%
Invested Capital Q/Q Growth	-13.11%	-1.40%	-6.12%	-1.63%	176.23%	14.38%	-4.93%	-1.70%	-2.91%	-1.35%	-4.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.95%	39.25%	31.44%	28.06%	34.15%	30.46%	33.09%	38.41%	33.46%	35.24%	35.84%
EBITDA Margin	8.23%	7.12%	7.07%	6.54%	7.01%	5.65%	1.06%	2.43%	2.65%	7.93%	8.70%
Operating Margin	7.69%	5.57%	5.53%	5.01%	4.69%	2.11%	-4.15%	-2.46%	-1.65%	4.33%	5.54%
EBIT Margin	7.80%	5.59%	5.53%	5.05%	4.72%	2.16%	-3.73%	-2.41%	-1.43%	4.71%	6.09%
Profit (Net Income) Margin	8.71%	3.15%	3.97%	4.44%	3.68%	1.09%	-3.71%	-2.38%	-1.97%	2.14%	3.99%
Tax Burden Percent	111.75%	58.02%	73.01%	88.59%	82.48%	103.97%	73.70%	67.86%	73.77%	74.88%	84.60%
Interest Burden Percent	99.91%	97.26%	98.45%	99.20%	94.56%	48.72%	134.71%	145.33%	187.00%	60.79%	77.38%
Effective Tax Rate	-11.75%	41.98%	26.99%	11.41%	17.52%	-3.97%	0.00%	0.00%	0.00%	25.12%	15.40%
Return on Invested Capital (ROIC)	71.33%	21.00%	26.28%	24.39%	7.89%	3.89%	-4.03%	-2.23%	-1.78%	6.01%	10.04%
ROIC Less NNEP Spread (ROIC-NNEP)	70.27%	21.83%	27.39%	24.50%	5.96%	-1.29%	-6.78%	-4.59%	-5.40%	-0.63%	1.66%
Return on Net Nonoperating Assets (RNNOA)	-34.13%	-8.48%	-7.32%	-4.27%	1.44%	-0.78%	-4.59%	-2.60%	-2.90%	-0.28%	0.36%
Return on Equity (ROE)	37.20%	12.52%	18.96%	20.12%	9.33%	3.11%	-8.62%	-4.83%	-4.68%	5.73%	10.40%
Cash Return on Invested Capital (CROIC)	68.14%	-51.82%	3.23%	-31.94%	-96.50%	-33.81%	6.98%	-7.01%	-0.16%	6.01%	18.17%
Operating Return on Assets (OROA)	19.26%	12.41%	12.78%	11.20%	5.86%	2.58%	-3.46%	-2.14%	-1.52%	5.82%	7.83%
Return on Assets (ROA)	21.51%	7.00%	9.19%	9.84%	4.57%	1.31%	-3.44%	-2.11%	-2.10%	2.65%	5.13%
Return on Common Equity (ROCE)	37.20%	12.52%	18.96%	20.12%	9.33%	3.11%	-8.62%	-4.83%	-4.68%	5.73%	10.40%
Return on Equity Simple (ROE_SIMPLE)	30.96%	11.32%	16.63%	17.17%	6.95%	2.89%	-8.57%	-4.70%	-4.65%	5.47%	9.63%
Net Operating Profit after Tax (NOPAT)	9.29	4.37	8.43	12	11	9.74	-11	-6.08	-4.94	17	27
NOPAT Margin	8.59%	3.23%	4.03%	4.44%	3.87%	2.20%	-2.91%	-1.72%	-1.15%	3.24%	4.69%
Net Nonoperating Expense Percent (NNEP)	1.06%	-0.83%	-1.10%	-0.11%	1.93%	5.18%	2.76%	2.36%	3.61%	6.64%	8.38%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-1.68%	5.54%	8.09%
Cost of Revenue to Revenue	59.05%	60.75%	68.56%	71.94%	65.85%	69.54%	66.91%	61.59%	66.54%	64.76%	64.16%
SG&A Expenses to Revenue	8.75%	9.37%	6.95%	5.53%	6.26%	5.33%	7.43%	7.67%	7.85%	6.04%	6.05%
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	33.27%	33.67%	25.91%	23.04%	29.46%	28.35%	37.24%	40.87%	35.10%	30.91%	30.30%
Earnings before Interest and Taxes (EBIT)	8.43	7.55	12	14	13	9.56	-15	-8.54	-6.12	24	34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8.89	9.62	15	18	19	25	4.14	8.61	11	40	49
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.64	1.76	3.77	2.97	2.58	2.11	2.98	2.51	1.31	1.47	2.32
Price to Tangible Book Value (P/TBV)	3.64	3.31	8.54	9.62	170.79	0.00	0.00	0.00	23.99	7.98	8.49
Price to Revenue (P/Rev)	1.02	0.49	0.90	0.77	1.37	0.80	1.29	1.27	0.55	0.58	0.96
Price to Earnings (P/E)	11.75	15.53	22.66	17.30	37.07	72.96	0.00	0.00	0.00	26.85	24.04
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	8.51%	6.44%	4.41%	5.78%	2.70%	1.37%	0.00%	0.00%	0.00%	3.72%	4.16%
Enterprise Value to Invested Capital (EV/IC)	7.06	2.01	4.86	3.18	2.12	1.62	2.25	1.97	1.20	1.34	2.22
Enterprise Value to Revenue (EV/Rev)	0.86	0.42	0.83	0.74	1.58	1.09	1.54	1.56	0.77	0.72	0.99
Enterprise Value to EBITDA (EV/EBITDA)	10.50	5.91	11.78	11.35	22.58	19.32	145.05	63.94	29.11	9.12	11.41
Enterprise Value to EBIT (EV/EBIT)	11.07	7.54	15.06	14.70	33.49	50.59	0.00	0.00	0.00	15.36	16.29
Enterprise Value to NOPAT (EV/NOPAT)	10.06	13.02	20.64	16.72	40.89	49.66	0.00	0.00	0.00	22.30	21.18
Enterprise Value to Operating Cash Flow (EV/OCF)	7.85	7.02	8.05	18.34	56.91	41.60	12.78	56.16	35.08	9.40	7.79
Enterprise Value to Free Cash Flow (EV/FCFF)	10.53	0.00	168.00	0.00	0.00	0.00	30.54	0.00	0.00	22.30	11.69
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.03	0.19	0.17	0.11	0.51	0.81	0.74	0.62	0.62	0.49	0.40
Long-Term Debt to Equity	0.01	0.04	0.05	0.04	0.43	0.70	0.58	0.48	0.51	0.45	0.34
Financial Leverage	-0.49	-0.39	-0.27	-0.17	0.24	0.61	0.68	0.57	0.54	0.44	0.22
Leverage Ratio	1.73	1.79	2.06	2.04	2.04	2.38	2.51	2.29	2.23	2.16	2.03
Compound Leverage Factor	1.73	1.74	2.03	2.03	1.93	1.16	3.38	3.33	4.17	1.32	1.57
Debt to Total Capital	3.14%	16.15%	14.57%	9.69%	33.94%	44.79%	42.64%	38.37%	38.38%	33.04%	28.49%
Short-Term Debt to Total Capital	2.16%	13.16%	10.66%	6.29%	5.35%	6.23%	9.26%	8.68%	7.10%	2.83%	3.86%
Long-Term Debt to Total Capital	0.97%	2.99%	3.91%	3.40%	28.59%	38.56%	33.37%	29.68%	31.28%	30.21%	24.63%
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	96.86%	83.85%	85.43%	90.31%	66.06%	55.21%	57.36%	61.63%	61.62%	66.96%	71.51%
Debt to EBITDA	0.11	0.75	0.58	0.42	3.89	5.42	30.36	12.96	9.95	2.44	1.90
Net Debt to EBITDA	-1.93	-0.96	-0.96	-0.38	3.09	5.20	23.50	11.65	8.23	1.86	0.39
Long-Term Debt to EBITDA	0.03	0.14	0.15	0.15	3.27	4.67	23.76	10.02	8.11	2.23	1.64
Debt to NOPAT	0.11	1.66	1.01	0.62	7.04	13.94	-11.07	-18.34	-22.87	5.97	3.52
Net Debt to NOPAT	-1.85	-2.12	-1.68	-0.56	5.59	13.38	-8.57	-16.49	-18.92	4.55	0.72
Long-Term Debt to NOPAT	0.03	0.31	0.27	0.22	5.93	12.00	-8.66	-14.19	-18.64	5.45	3.04
Altman Z-Score	6.79	3.71	4.58	4.60	2.79	2.09	2.33	2.22	1.77	2.51	3.24
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	2.49	1.80	1.47	1.48	1.49	1.33	1.34	1.27	1.37	1.67	1.71
Quick Ratio	2.37	1.73	1.42	0.97	0.86	0.51	0.75	0.72	0.58	0.82	1.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	8.87	-11	1.04	-16	-129	-85	20	-19	-0.45	17	48
Operating Cash Flow to CapEx	2,442.71%	328.28%	1,311.48%	508.22%	369.89%	176.29%	929.53%	115.97%	99.01%	397.83%	860.16%
Free Cash Flow to Firm to Interest Expense	554.39	-52.07	5.78	-143.25	-184.02	-17.27	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	743.50	39.14	120.67	99.72	10.81	2.37	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	713.06	27.22	111.47	80.10	7.89	1.03	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.47	2.22	2.31	2.22	1.24	1.20	0.93	0.89	1.07	1.24	1.29
Accounts Receivable Turnover	4.45	4.70	5.10	6.06	5.26	7.06	6.42	5.32	6.20	7.51	8.16
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	104.17	53.32	50.99	55.69	40.93	44.20	31.84	0.00	0.00	0.00	0.00
Accounts Payable Turnover	17.74	18.66	12.48	10.29	6.22	8.70	6.94	5.58	8.72	10.65	10.84
Days Sales Outstanding (DSO)	82.03	77.69	71.55	60.25	69.39	51.73	56.88	68.61	58.88	48.59	44.74
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	20.57	19.56	29.24	35.47	58.69	41.95	52.58	65.37	41.86	34.27	33.66
Cash Conversion Cycle (CCC)	61.46	58.13	42.31	24.78	10.70	9.77	4.30	3.24	17.02	14.33	11.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	13	28	36	64	203	298	266	280	275	275	254
Invested Capital Turnover	8.30	6.50	6.52	5.49	2.04	1.77	1.39	1.30	1.55	1.85	2.14
Increase / (Decrease) in Invested Capital	0.42	15	7.39	28	139	94	-31	13	-4.49	-0.00	-22
Enterprise Value (EV)	93	57	174	203	431	483	601	551	331	369	562
Market Capitalization	111	66	188	210	372	353	503	450	237	293	543
Book Value per Share	$3.99	$4.77	$6.00	$8.06	$13.19	$14.78	$14.01	$14.01	$13.65	$14.64	$16.59
Tangible Book Value per Share	$3.99	$2.53	$2.65	$2.49	$0.20	($3.29)	($2.09)	($0.28)	$0.74	$2.69	$4.53
Total Capital	31	45	58	78	218	303	295	291	295	298	328
Total Debt	0.99	7.24	8.52	7.58	74	136	126	112	113	99	93
Total Long-Term Debt	0.31	1.34	2.28	2.66	62	117	98	86	92	90	81
Net Debt	-17	-9.24	-14	-6.85	59	130	97	100	94	75	19
Capital Expenditures (CapEx)	0.49	2.47	1.65	2.18	2.05	6.59	5.06	8.45	9.53	9.86	8.38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	10	12	7.75	17	41	57	38	46	48	62	36
Debt-free Net Working Capital (DFNWC)	28	28	30	32	56	62	67	57	68	86	110
Net Working Capital (NWC)	28	22	24	27	45	43	39	32	47	77	98
Net Nonoperating Expense (NNE)	-0.13	0.11	0.13	0.01	0.50	4.89	3.14	2.33	3.50	5.60	3.95
Net Nonoperating Obligations (NNO)	-17	-9.24	-14	-6.85	59	130	97	100	94	75	19
Total Depreciation and Amortization (D&A)	0.46	2.07	3.22	4.08	6.21	15	19	17	17	16	15
Debt-free, Cash-free Net Working Capital to Revenue	9.29%	8.82%	3.71%	6.34%	15.14%	12.85%	9.76%	12.94%	11.24%	12.23%	6.42%
Debt-free Net Working Capital to Revenue	26.11%	21.02%	14.56%	11.62%	20.74%	14.08%	17.02%	16.11%	15.78%	16.82%	19.53%
Net Working Capital to Revenue	25.48%	16.65%	11.58%	9.82%	16.45%	9.82%	10.03%	8.98%	10.91%	15.16%	17.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.26	$0.54	$1.01	$1.42	$1.08	$0.43	($1.23)	$0.00	($0.65)	$0.82	$1.63
Adjusted Weighted Average Basic Shares Outstanding	7.49M	7.83M	8.22M	8.54M	9.26M	11.16M	11.79M	0.00	13.01M	13.39M	13.82M
Adjusted Diluted Earnings per Share	$1.22	$0.52	$0.97	$1.32	$1.03	$0.41	($1.23)	$0.00	($0.65)	$0.80	$1.58
Adjusted Weighted Average Diluted Shares Outstanding	7.74M	8.11M	8.57M	9.16M	9.76M	11.77M	11.79M	0.00	13.01M	13.61M	14.25M
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	7.80M	8.17M	8.41M	8.85M	11.02M	11.55M	12.24M	0.00	13.39M	13.77M	14.41M
Normalized Net Operating Profit after Tax (NOPAT)	6.00	4.82	9.33	15	16	15	-0.08	5.51	0.92	21	33
Normalized NOPAT Margin	5.55%	3.57%	4.47%	5.34%	5.77%	3.39%	-0.02%	1.56%	0.21%	4.02%	5.79%
Pre Tax Income Margin	7.80%	5.43%	5.44%	5.01%	4.47%	1.05%	-5.03%	-3.51%	-2.67%	2.86%	4.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	527.13	36.46	64.50	124.34	18.37	1.95	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	580.33	21.10	47.09	109.37	15.05	1.99	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	496.69	24.54	55.30	104.72	15.45	0.60	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	549.89	9.18	37.88	89.75	12.12	0.64	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%	0.00%	0.00%	0.00%	4.41%	59.49%	-20.32%	-37.03%	-11.74%	1.88%	6.23%

This table displays calculated financial ratios and metrics derived from Willdan Group'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	Q1 2026
Period end date	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	4/4/2025	7/4/2025	10/3/2025	4/3/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	14,749,882.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	14,749,882.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.58
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.01%	9.34%	37.46%	19.38%	18.41%	19.22%	-7.46%	24.41%	23.03%	15.01%	1.79%
EBITDA Growth	1,384.53%	102.87%	90.14%	15.60%	56.32%	47.69%	-4.25%	18.41%	63.91%	45.25%	18.35%
EBIT Growth	157.30%	31,540.00%	187.68%	46.00%	155.50%	100.11%	-4.74%	15.33%	70.02%	60.98%	15.61%
NOPAT Growth	141.38%	598.88%	1,144.14%	81.17%	263.23%	222.10%	-10.99%	58.16%	221.38%	68.03%	35.06%
Net Income Growth	109.18%	1,960.53%	1,989.65%	215.67%	1,057.18%	369.09%	-4.27%	59.31%	236.00%	86.78%	81.99%
EPS Growth	109.09%	1,000.00%	2,066.67%	200.00%	1,000.00%	363.64%	-10.17%	52.38%	212.12%	76.47%	71.88%
Operating Cash Flow Growth	-61.36%	-35.54%	206.33%	55.85%	-45.02%	107.05%	121.57%	-87.71%	2,758.61%	13.06%	-835.88%
Free Cash Flow Firm Growth	176.89%	1,169.20%	163.46%	26.54%	74.90%	224.23%	216.57%	-282.08%	-213.35%	-231.74%	46.42%
Invested Capital Growth	-3.28%	-1.58%	0.00%	-7.04%	-4.89%	-5.24%	-7.82%	19.15%	15.02%	16.92%	10.31%
Revenue Q/Q Growth	16.06%	11.47%	17.28%	-21.32%	15.11%	12.24%	-8.97%	5.78%	13.84%	4.92%	0.00%
EBITDA Q/Q Growth	-16.51%	27.68%	81.90%	-40.39%	12.90%	20.64%	17.94%	-26.28%	56.28%	6.91%	0.00%
EBIT Q/Q Growth	-31.46%	65.65%	160.54%	-50.64%	19.93%	29.74%	24.02%	-40.23%	76.80%	22.84%	0.00%
NOPAT Q/Q Growth	-30.75%	71.80%	258.45%	-57.51%	38.83%	52.35%	-0.94%	-24.51%	182.11%	-20.34%	0.00%
Net Income Q/Q Growth	-57.40%	294.46%	412.84%	-63.37%	56.15%	59.90%	4.66%	-39.03%	229.34%	-11.11%	0.00%
EPS Q/Q Growth	-57.14%	266.67%	436.36%	-64.41%	57.14%	54.55%	3.92%	-39.62%	221.88%	-12.62%	0.00%
Operating Cash Flow Q/Q Growth	-90.65%	221.77%	190.26%	78.45%	-96.70%	1,111.81%	210.61%	-90.11%	667.53%	-52.07%	0.00%
Free Cash Flow Firm Q/Q Growth	-40.79%	-34.78%	32.64%	147.03%	-18.15%	20.90%	29.51%	-242.09%	49.05%	-40.52%	0.00%
Invested Capital Q/Q Growth	0.94%	0.62%	-1.35%	-7.22%	3.28%	0.24%	-4.03%	19.92%	-0.30%	1.90%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.12%	32.72%	34.96%	38.71%	34.61%	32.61%	38.15%	37.84%	39.39%	36.86%	40.72%
EBITDA Margin	5.86%	6.71%	10.41%	7.88%	7.73%	8.31%	10.77%	7.50%	10.30%	10.50%	8.72%
Operating Margin	2.08%	2.89%	7.55%	4.38%	4.57%	5.48%	7.55%	4.62%	6.81%	8.17%	4.70%
EBIT Margin	2.39%	3.55%	7.89%	4.95%	5.16%	5.96%	8.12%	4.59%	7.13%	8.35%	5.21%
Profit (Net Income) Margin	0.33%	1.18%	5.16%	2.40%	3.26%	4.64%	5.34%	3.08%	8.90%	7.54%	5.50%
Tax Burden Percent	62.03%	68.71%	80.44%	74.90%	86.45%	97.91%	77.39%	90.26%	151.62%	96.02%	117.62%
Interest Burden Percent	22.48%	48.32%	81.26%	64.77%	73.05%	79.51%	84.88%	74.24%	82.32%	94.06%	89.67%
Effective Tax Rate	37.97%	31.29%	19.56%	25.10%	13.55%	2.09%	22.61%	9.74%	-51.62%	3.98%	-17.62%
Return on Invested Capital (ROIC)	2.09%	3.31%	11.26%	6.56%	8.07%	11.41%	12.50%	8.88%	22.89%	17.84%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.95%	2.18%	9.58%	5.01%	6.68%	9.62%	10.97%	5.80%	17.25%	16.17%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.52%	1.12%	4.24%	1.78%	2.35%	2.97%	2.38%	1.39%	3.16%	2.11%	0.00%
Return on Equity (ROE)	2.61%	4.43%	15.50%	8.34%	10.42%	14.38%	14.89%	10.27%	26.05%	19.94%	0.00%
Cash Return on Invested Capital (CROIC)	4.52%	3.54%	6.01%	14.10%	13.08%	15.56%	18.17%	-7.20%	0.55%	0.72%	-9.81%
Operating Return on Assets (OROA)	2.81%	4.17%	9.76%	6.55%	6.98%	8.11%	10.44%	6.22%	9.88%	11.39%	0.00%
Return on Assets (ROA)	0.39%	1.39%	6.38%	3.18%	4.41%	6.32%	6.86%	4.17%	12.34%	10.29%	0.00%
Return on Common Equity (ROCE)	2.61%	4.43%	15.50%	8.34%	10.42%	14.38%	14.89%	10.27%	26.05%	19.94%	0.00%
Return on Equity Simple (ROE_SIMPLE)	0.52%	1.29%	0.00%	6.29%	8.04%	10.23%	0.00%	9.90%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1.53	2.64	9.45	4.02	5.57	8.49	8.41	6.35	18	14	8.58
NOPAT Margin	1.29%	1.99%	6.07%	3.28%	3.95%	5.37%	5.84%	4.17%	10.33%	7.84%	5.53%
Net Nonoperating Expense Percent (NNEP)	1.14%	1.12%	1.68%	1.54%	1.39%	1.79%	1.53%	3.07%	5.65%	1.66%	0.11%
Return On Investment Capital (ROIC_SIMPLE)	-	-	3.17%	-	-	-	2.57%	1.85%	5.34%	4.17%	2.32%
Cost of Revenue to Revenue	65.88%	67.28%	65.04%	61.29%	65.39%	67.39%	61.85%	62.16%	60.61%	63.14%	59.28%
SG&A Expenses to Revenue	6.47%	6.06%	5.26%	6.63%	5.90%	5.65%	6.13%	6.58%	7.42%	6.09%	7.33%
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	32.05%	29.83%	27.41%	34.34%	30.04%	27.13%	30.60%	33.22%	32.58%	28.70%	36.01%
Earnings before Interest and Taxes (EBIT)	2.85	4.72	12	6.07	7.27	9.44	12	7.00	12	15	8.09
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.98	8.91	16	9.66	11	13	16	11	18	19	14
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.38	1.45	1.47	1.94	1.87	2.55	2.32	2.27	3.94	4.73	3.82
Price to Tangible Book Value (P/TBV)	12.61	10.78	7.98	9.01	7.44	8.63	8.49	19.11	21.20	19.12	12.13
Price to Revenue (P/Rev)	0.57	0.59	0.58	0.75	0.72	0.99	0.96	0.94	1.67	2.05	0.00
Price to Earnings (P/E)	263.73	112.45	26.85	30.86	23.27	24.97	24.04	22.93	29.81	32.21	0.00
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	0.38%	0.89%	3.72%	3.24%	4.30%	4.01%	4.16%	4.36%	3.35%	3.11%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.26	1.31	1.34	1.76	1.70	2.32	2.22	2.03	3.58	4.41	3.61
Enterprise Value to Revenue (EV/Rev)	0.76	0.78	0.72	0.85	0.81	1.06	0.99	1.03	1.73	2.09	0.00
Enterprise Value to EBITDA (EV/EBITDA)	12.35	11.16	9.12	10.75	9.84	12.27	11.41	12.08	18.72	21.33	0.00
Enterprise Value to EBIT (EV/EBIT)	30.98	22.86	15.36	17.32	14.80	17.46	16.29	17.40	26.80	29.47	0.00
Enterprise Value to NOPAT (EV/NOPAT)	104.60	67.09	22.30	24.94	20.58	22.16	21.18	21.44	26.38	29.16	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.93	12.58	9.40	9.18	9.33	11.40	7.79	12.72	14.88	18.33	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	27.40	36.78	22.30	12.02	12.70	14.50	11.69	0.00	694.24	664.92	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.56	0.53	0.49	0.47	0.45	0.42	0.40	0.39	0.26	0.21	0.19
Long-Term Debt to Equity	0.01	0.48	0.45	0.43	0.40	0.37	0.34	0.35	0.22	0.17	0.15
Financial Leverage	0.55	0.51	0.44	0.36	0.35	0.31	0.22	0.24	0.18	0.13	0.15
Leverage Ratio	2.14	2.15	2.16	2.05	2.04	2.05	2.03	1.95	1.89	1.88	1.77
Compound Leverage Factor	0.48	1.04	1.76	1.33	1.49	1.63	1.72	1.45	1.56	1.77	1.59
Debt to Total Capital	35.73%	34.50%	33.04%	31.98%	30.80%	29.42%	28.49%	28.30%	20.73%	17.23%	15.89%
Short-Term Debt to Total Capital	35.29%	2.74%	2.83%	2.95%	3.10%	3.19%	3.86%	3.21%	3.28%	3.22%	3.28%
Long-Term Debt to Total Capital	0.44%	31.76%	30.21%	29.02%	27.71%	26.22%	24.63%	25.09%	17.45%	14.01%	12.61%
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	64.27%	65.50%	66.96%	68.02%	69.20%	70.58%	71.51%	71.70%	79.27%	82.77%	84.11%
Debt to EBITDA	3.68	3.07	2.44	2.31	2.08	1.87	1.90	1.90	1.20	0.92	0.00
Net Debt to EBITDA	3.20	2.68	1.86	1.19	1.11	0.81	0.39	1.15	0.64	0.40	0.00
Long-Term Debt to EBITDA	0.05	2.83	2.23	2.10	1.87	1.67	1.64	1.68	1.01	0.75	0.00
Debt to NOPAT	31.16	18.47	5.97	5.37	4.34	3.38	3.52	3.37	1.69	1.26	0.00
Net Debt to NOPAT	27.07	16.11	4.55	2.76	2.32	1.46	0.72	2.04	0.90	0.55	0.00
Long-Term Debt to NOPAT	0.38	17.00	5.45	4.87	3.91	3.01	3.04	2.99	1.42	1.03	0.00
Altman Z-Score	1.82	2.19	2.41	2.83	2.84	3.26	3.08	3.11	4.57	5.32	4.06
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	0.80	1.53	1.67	1.79	1.81	1.77	1.71	1.61	1.43	1.48	1.68
Quick Ratio	0.36	0.75	0.82	0.94	0.96	0.92	1.03	0.82	0.64	0.69	0.85
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	11	7.13	9.45	23	19	23	30	-43	-22	-30	-23
Operating Cash Flow to CapEx	72.45%	287.78%	644.83%	1,380.58%	41.35%	554.45%	1,433.68%	144.52%	1,156.19%	506.02%	-1,220.08%
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	1.18	1.17	1.24	1.32	1.35	1.36	1.29	1.36	1.39	1.37	0.00
Accounts Receivable Turnover	7.36	7.02	7.51	9.81	9.23	8.66	8.16	10.48	10.28	9.34	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	9.33	10.64	10.65	10.78	10.67	10.60	10.84	10.05	10.64	9.17	0.00
Days Sales Outstanding (DSO)	49.57	52.02	48.59	37.20	39.56	42.12	44.74	34.81	35.52	39.07	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	39.12	34.30	34.27	33.86	34.21	34.42	33.66	36.32	34.31	39.81	0.00
Cash Conversion Cycle (CCC)	10.46	17.71	14.33	3.35	5.35	7.70	11.08	-1.51	1.21	-0.75	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	277	279	275	255	264	264	254	304	303	309	335
Invested Capital Turnover	1.62	1.66	1.85	2.00	2.04	2.13	2.14	2.13	2.22	2.28	0.00
Increase / (Decrease) in Invested Capital	-9.39	-4.49	-0.00	-19	-14	-15	-22	49	40	45	31
Enterprise Value (EV)	349	365	369	449	449	612	562	616	1,085	1,363	1,210
Market Capitalization	258	278	293	399	399	572	543	558	1,048	1,338	1,185
Book Value per Share	$13.85	$14.05	$14.64	$14.92	$15.42	$16.00	$16.59	$17.04	$18.34	$19.30	$21.05
Tangible Book Value per Share	$1.52	$1.90	$2.69	$3.22	$3.88	$4.74	$4.53	$2.03	$3.41	$4.77	$6.63
Total Capital	291	292	298	302	308	317	328	342	335	342	369
Total Debt	104	101	99	97	95	93	93	97	70	59	59
Total Long-Term Debt	1.27	93	90	88	85	83	81	86	59	48	47
Net Debt	90	88	75	50	51	40	19	59	37	26	25
Capital Expenditures (CapEx)	2.23	1.81	2.34	1.95	2.15	1.94	2.33	2.29	2.20	2.41	2.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	49	52	62	44	55	57	36	47	41	52	67
Debt-free Net Working Capital (DFNWC)	63	65	86	91	99	110	110	86	73	85	101
Net Working Capital (NWC)	-40	57	77	82	90	100	98	75	62	74	89
Net Nonoperating Expense (NNE)	1.14	1.07	1.42	1.07	0.98	1.15	0.72	1.66	2.48	0.55	0.05
Net Nonoperating Obligations (NNO)	90	88	75	50	51	40	19	59	37	26	25
Total Depreciation and Amortization (D&A)	4.13	4.19	3.91	3.59	3.63	3.72	3.81	4.44	5.50	3.91	5.45
Debt-free, Cash-free Net Working Capital to Revenue	10.75%	11.07%	12.23%	8.39%	9.94%	9.81%	6.42%	7.96%	6.52%	7.93%	0.00%
Debt-free Net Working Capital to Revenue	13.74%	13.83%	16.82%	17.25%	17.97%	19.00%	19.53%	14.40%	11.67%	13.01%	0.00%
Net Working Capital to Revenue	-8.75%	12.12%	15.16%	15.56%	16.24%	17.25%	17.29%	12.56%	9.92%	11.32%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.03	$0.12	$0.60	$0.22	$0.33	$0.53	$0.55	$0.33	$1.07	$0.94	$0.58
Adjusted Weighted Average Basic Shares Outstanding	13.34M	13.46M	13.39M	13.61M	13.73M	13.93M	13.82M	14.16M	14.44M	14.60M	14.74M
Adjusted Diluted Earnings per Share	$0.03	$0.11	$0.59	$0.21	$0.33	$0.51	$0.53	$0.32	$1.03	$0.90	$0.55
Adjusted Weighted Average Diluted Shares Outstanding	13.49M	13.71M	13.61M	13.91M	14.07M	14.36M	14.25M	14.63M	14.92M	15.23M	15.39M
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	13.59M	13.65M	13.77M	13.82M	13.99M	14.12M	14.41M	14.50M	14.67M	14.75M	15.11M
Normalized Net Operating Profit after Tax (NOPAT)	2.33	3.49	10	5.06	7.26	10	9.99	8.54	10	17	7.69
Normalized NOPAT Margin	1.96%	2.63%	6.72%	4.13%	5.15%	6.62%	6.93%	5.60%	6.05%	9.50%	4.96%
Pre Tax Income Margin	0.54%	1.72%	6.41%	3.21%	3.77%	4.74%	6.90%	3.41%	5.87%	7.85%	4.68%
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	23.16%	9.68%	1.88%	6.65%	4.68%	5.42%	6.23%	14.42%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Willdan Group’s latest quarter shows strong profitability on the income statement, but cash flow was a weak spot. In Q1 2026, the company posted $155.1 million in revenue and $8.5 million in net income, but operating cash flow was negative $24.4 million because working capital moved sharply against the company. That creates a mixed picture for investors: earnings are up, but cash conversion is currently poor.

Over the last four years, the trend in revenue and profit has clearly improved. Revenue has climbed from about $102.6 million in Q1 2023 to $155.1 million in Q1 2026, while quarterly net income rose from $0.9 million to $8.5 million over the same period. Gross profit has also expanded meaningfully, showing that Willdan has been growing into a stronger operating base.

Margins improved versus earlier periods, though they remain affected by high operating expenses and other charges. In Q1 2026, gross margin was about 40.7% and operating income was $7.3 million. That is better than many of the company’s earlier quarters, where operating income was much thinner or even negative.

Balance sheet quality has deteriorated somewhat due to rising liabilities and lower equity. Total liabilities increased to $201.3 million in Q1 2026 from $145.4 million in Q1 2024, while total equity rose more slowly to $310.3 million from $245.5 million. Cash also declined year over year, and debt remains a noticeable part of the capital structure.

Working capital remains a key watch item. The latest quarter showed a very large negative change in operating assets and liabilities, which overwhelmed net income and pushed operating cash flow negative. For a services company, that can happen when receivables and project timing move around, but it is still something investors should monitor closely.

Revenue has grown sharply over the past three years, rising from $102.6 million in Q1 2023 to $155.1 million in Q1 2026.
Net income has improved materially, increasing from $0.9 million in Q1 2023 to $8.5 million in Q1 2026.
Operating income has strengthened, reaching $7.3 million in Q1 2026 versus much weaker results in earlier periods.
Gross profit has expanded alongside revenue growth, suggesting the company is scaling its operations.
EPS has improved as well, with diluted EPS at $0.55 in Q1 2026 compared with $0.21 in Q1 2024.
Shares outstanding have been fairly steady, with only modest dilution over the period.
The company has continued to invest in the business, including acquisitions and capex, which may support future growth.
Operating cash flow was negative $24.4 million in Q1 2026, indicating weak near-term cash conversion.
Working capital absorbed $54.0 million in the quarter, a major drag on cash generation.
Total liabilities have risen meaningfully, increasing financial leverage and balance sheet pressure.

Bottom line: Willdan looks fundamentally better than it did two to three years ago, with stronger revenue, higher earnings, and better operating income. However, investors should be cautious about the company’s cash flow volatility and balance sheet leverage, since those are the main risks that could limit upside if growth slows.

05/22/26 01:40 PM ETAI Generated. May Contain Errors.

Willdan Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Willdan Group's financial year ends in December. Their financial year 2024 ended on December 27, 2024.

Willdan Group's net income appears to be on a downward trend, with a most recent value of $22.57 million in 2024, rising from $9.42 million in 2014. The previous period was $10.93 million in 2023. See where experts think Willdan Group is headed by visiting Willdan Group's forecast page.

Willdan Group's total operating income in 2024 was $31.35 million, based on the following breakdown:

Total Gross Profit: $202.78 million
Total Operating Expenses: $171.43 million

Over the last 10 years, Willdan Group's total revenue changed from $108.08 million in 2014 to $565.80 million in 2024, a change of 423.5%.

Willdan Group's total liabilities were at $239.36 million at the end of 2025, a 3.8% increase from 2024, and a 589.2% increase since 2015.

In the past 10 years, Willdan Group's cash and equivalents has ranged from $5.45 million in 2019 to $74.16 million in 2024, and is currently $65.92 million as of their latest financial filing in 2025.

Over the last 10 years, Willdan Group's book value per share changed from 3.99 in 2014 to 16.59 in 2024, a change of 316.1%.

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Financial statements for NASDAQ:WLDN last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Willdan Group (WLDN) Financials

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Willdan Group (WLDN) Financials

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