Willdan Group (WLDN) Financials

$73.92 +1.25 (+1.72%)

Closing price 07/11/2025 04:00 PM Eastern

Extended Trading

$72.98 -0.94 (-1.26%)

As of 07/11/2025 07:15 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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/30/2022	3/31/2023	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	4/4/2025
Net Income / (Loss) Attributable to Common Shareholders	0.08	-0.43	0.93	0.40	1.57	8.03	2.94	4.59	7.35	7.69	4.69
Consolidated Net Income / (Loss)	0.08	-0.43	0.93	0.40	1.57	8.03	2.94	4.59	7.35	7.69	4.69
Net Income / (Loss) Continuing Operations	0.08	-0.43	0.93	0.40	1.57	8.03	2.94	4.59	7.35	7.69	4.69
Total Pre-Tax Income	-1.45	2.16	1.69	0.64	2.28	9.98	3.93	5.31	7.50	9.93	5.19
Total Operating Income	-0.76	4.60	4.01	2.47	3.84	12	5.36	6.45	8.67	11	7.04
Total Gross Profit	38	43	41	41	43	54	47	49	52	55	58
Total Revenue	121	113	103	119	133	156	122	141	158	144	152
Operating Revenue	121	113	103	119	133	156	122	141	158	144	152
Total Cost of Revenue	84	70	61	78	89	101	75	92	107	89	95
Operating Cost of Revenue	84	70	61	78	89	101	75	92	107	89	95
Total Operating Expenses	38	39	37	38	40	43	42	42	43	44	51
Selling, General & Admin Expense	9.66	8.59	6.87	7.71	8.05	8.19	8.12	8.31	8.93	8.84	10
Depreciation Expense	4.41	4.25	4.20	4.13	4.19	3.91	3.59	3.63	3.72	3.81	4.44
Other Operating Expenses / (Income)	23	24	25	25	26	29	29	28	28	29	34
Other Special Charges / (Income)	1.61	1.75	1.53	1.29	1.24	1.26	1.39	1.95	2.02	2.03	2.43
Total Other Income / (Expense), net	-0.70	-2.44	-2.33	-1.83	-1.56	-1.77	-1.43	-1.13	-1.17	-0.94	-1.84
Interest & Investment Income	-1.44	-2.11	-2.47	-2.21	-2.44	-2.30	-2.14	-1.96	-1.93	-1.77	-1.80
Other Income / (Expense), net	0.74	-0.33	0.14	0.37	0.88	0.54	0.70	0.83	0.76	0.83	-0.04
Income Tax Expense	-1.53	2.58	0.76	0.24	0.71	1.95	0.99	0.72	0.16	2.25	0.51
Basic Earnings per Share	$0.01	($0.03)	$0.07	$0.03	$0.12	$0.60	$0.22	$0.33	$0.53	$0.55	$0.33
Weighted Average Basic Shares Outstanding	13.11M	13.01M	13.27M	13.34M	13.46M	13.39M	13.61M	13.73M	13.93M	13.82M	14.16M
Diluted Earnings per Share	$0.01	($0.03)	$0.07	$0.03	$0.11	$0.59	$0.21	$0.33	$0.51	$0.53	$0.32
Weighted Average Diluted Shares Outstanding	13.36M	13.01M	13.47M	13.49M	13.71M	13.61M	13.91M	14.07M	14.36M	14.25M	14.63M
Weighted Average Basic & Diluted Shares Outstanding	13.29M	13.39M	13.49M	13.59M	13.65M	13.77M	13.82M	13.99M	14.12M	14.41M	14.50M

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/30/2022	3/31/2023	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	4/4/2025
Net Change in Cash & Equivalents	3.01	11	-1.63	-4.20	-0.76	11	24	-2.66	8.84	21	-36
Net Cash From Operating Activities	8.07	4.93	17	1.62	5.20	15	27	0.89	11	33	3.31
Net Cash From Continuing Operating Activities	8.07	4.93	17	1.62	5.20	15	27	0.75	11	33	3.31
Net Income / (Loss) Continuing Operations	0.08	-0.43	0.93	0.40	1.57	8.03	2.94	4.59	7.35	7.69	4.69
Consolidated Net Income / (Loss)	0.08	-0.43	0.93	0.40	1.57	8.03	2.94	4.59	7.35	7.69	4.69
Depreciation Expense	4.41	4.25	4.20	4.13	4.19	3.91	3.59	3.63	3.72	3.81	4.44
Non-Cash Adjustments To Reconcile Net Income	-12	-4.53	13	-3.01	3.00	-15	16	-11	-6.41	16	1.21
Changes in Operating Assets and Liabilities, net	16	5.64	-0.94	0.11	-3.56	18	4.33	4.01	6.27	6.18	-7.02
Net Cash From Investing Activities	-2.62	-2.63	-3.48	-2.23	-3.41	-2.34	-1.95	-2.15	-1.94	-9.70	-35
Net Cash From Continuing Investing Activities	-2.62	-2.63	-3.48	-2.23	-3.41	-2.34	-1.95	-2.15	-1.94	-9.70	-35
Purchase of Property, Plant & Equipment	-2.63	-2.63	-3.49	-2.27	-1.82	-2.34	-1.97	-2.15	-1.95	-2.34	-2.31
Acquisitions	-	-	-	-	-	-	0.00	-	-	-7.36	-32
Sale of Property, Plant & Equipment	0.00	-	0.01	0.04	0.01	-	0.02	0.00	0.01	0.01	0.02
Net Cash From Financing Activities	-2.44	8.37	-15	-3.59	-2.56	-2.25	-1.47	-1.40	0.01	-2.71	-4.34
Net Cash From Continuing Financing Activities	-2.44	8.37	-15	-3.59	-2.56	-2.25	-1.47	-1.40	0.01	-2.71	-4.34
Repayment of Debt	-3.78	-3.77	-5.74	-4.24	-104	-2.04	-2.03	-1.89	-1.89	-2.50	-2.64
Repurchase of Common Equity	-0.01	-0.03	-0.12	-0.06	-0.02	-	-0.78	-0.01	-0.46	-0.17	-2.88
Issuance of Debt	-	1.72	-	-	100	-	0.00	-	-	-	0.00
Issuance of Common Equity	1.48	-	1.39	-	1.39	0.00	1.40	-	1.44	-	1.49
Other Financing Activities, net	-0.14	10	-11	-4.29	-0.32	-0.21	-0.06	0.50	0.92	-0.05	-0.31
Cash Interest Paid	1.21	2.28	2.42	2.04	3.56	2.17	2.08	1.90	1.32	2.22	1.66
Cash Income Taxes Paid	-1.38	-0.22	-0.08	-1.62	-1.46	0.08	0.00	0.55	0.65	0.11	0.06

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	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
Total Assets	49	72	108	138	301	440	403	394	410	416	465
Total Current Assets	46	51	75	83	136	175	156	149	174	192	236
Cash & Equivalents	18	16	23	14	15	5.45	28	11	8.81	23	74
Restricted Cash	-	-	-	-	-	-	-	0.00	11	0.00	0.00
Accounts Receivable	26	32	50	40	63	62	60	73	65	71	68
Prepaid Expenses	2.24	2.08	2.60	3.76	5.75	6.25	5.56	4.97	6.45	3.89	4.98
Other Current Assets	-	-	-	25	52	101	62	59	83	94	89
Plant, Property, & Equipment, net	1.38	3.68	4.51	5.31	8.00	12	13	0.00	0.00	0.00	0.00
Total Noncurrent Assets	1.96	18	29	50	157	252	235	245	236	224	229
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	17	23	27	30
Goodwill	-	16	22	38	98	128	130	130	130	131	141
Intangible Assets	-	1.55	5.94	11	44	77	64	53	41	32	29
Noncurrent Deferred & Refundable Income Taxes	1.43	-	-	-	12	9.31	14	17	19	16	13
Other Noncurrent Operating Assets	0.54	0.50	0.71	0.83	2.39	39	26	29	23	17	16
Total Liabilities & Shareholders' Equity	49	72	108	138	301	440	403	394	410	416	465
Total Liabilities	19	35	58	68	157	273	234	215	228	216	231
Total Current Liabilities	18	28	51	56	91	132	117	117	127	115	138
Short-Term Debt	0.68	5.90	6.23	4.92	12	19	27	25	21	8.45	13
Accounts Payable	3.24	5.56	17	21	37	34	41	37	29	33	34
Accrued Expenses	11	10	19	23	37	68	34	36	59	54	63
Other Current Liabilities	-	-	-	7.32	5.40	11	14	20	18	19	28
Total Noncurrent Liabilities	0.47	6.71	7.38	11	65	141	117	98	101	101	93
Long-Term Debt	-	1.09	2.07	2.50	62	117	98	86	91	89	79
Capital Lease Obligations	0.31	0.26	0.21	0.16	0.22	0.19	0.24	0.78	1.60	1.18	1.38
Other Noncurrent Operating Liabilities	-	4.31	2.54	5.43	2.15	24	19	12	8.86	11	12
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	30	38	50	71	144	167	169	179	182	200	234
Total Preferred & Common Equity	30	38	50	71	144	167	169	179	182	200	234
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	30	38	50	71	144	167	169	179	182	200	234
Common Stock	36	38	42	51	114	133	149	167	178	186	198
Retained Earnings	-5.10	-0.84	7.46	20	30	35	21	12	3.65	15	37
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-0.40	-0.49	-0.04	0.00	-0.66	-0.31

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	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	7/1/2022	9/30/2022	3/31/2023	6/30/2023	9/29/2023	3/29/2024	6/28/2024	9/27/2024	4/4/2025
Total Assets	382	395	393	395	402	408	421	447	471
Total Current Assets	138	154	155	156	165	187	200	228	197
Cash & Equivalents	5.81	8.82	18	14	13	47	44	53	38
Restricted Cash	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Receivable	67	65	57	57	68	51	62	65	62
Prepaid Expenses	4.86	4.89	5.43	5.40	5.28	5.86	6.11	5.33	7.19
Other Current Assets	61	75	75	79	79	82	88	104	89
Plant, Property, & Equipment, net	0.00	21	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	243	220	238	239	237	221	221	219	274
Noncurrent Note & Lease Receivables	19	-	24	25	26	28	28	29	30
Goodwill	130	130	130	130	131	131	131	131	174
Intangible Assets	47	44	39	36	34	30	28	27	42
Noncurrent Deferred & Refundable Income Taxes	20	21	18	18	17	15	15	15	13
Other Noncurrent Operating Assets	27	25	27	30	28	18	18	18	15
Total Liabilities & Shareholders' Equity	382	395	393	395	402	408	421	447	471
Total Liabilities	205	215	208	208	211	202	208	223	226
Total Current Liabilities	98	111	111	196	108	104	111	129	122
Short-Term Debt	17	18	20	103	8.00	8.92	9.53	10	11
Accounts Payable	28	23	29	35	33	35	32	38	42
Accrued Expenses	35	51	41	37	46	38	45	59	39
Other Current Liabilities	18	5.86	21	21	21	22	24	22	30
Total Noncurrent Liabilities	108	104	97	12	103	98	97	95	103
Long-Term Debt	97	94	85	0.02	91	87	84	82	84
Capital Lease Obligations	1.41	-	1.35	1.25	1.25	1.11	1.13	1.45	1.47
Other Noncurrent Operating Liabilities	9.03	10	10	11	10	11	12	12	18
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	177	180	185	187	191	206	213	224	246
Total Preferred & Common Equity	177	180	185	187	191	206	213	224	246
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	177	180	185	187	191	206	213	224	246
Common Stock	173	176	181	182	185	188	191	195	204
Retained Earnings	4.00	4.08	4.58	4.98	6.55	18	22	29	42
Accumulated Other Comprehensive Income / (Loss)	0.00	0.00	-	-	-	-0.23	-0.13	-0.81	-0.50

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/30/2022	3/31/2023	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	4/4/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.50%	22.81%	11.72%	16.01%	9.34%	37.46%	19.38%	18.41%	19.22%	-7.46%	24.41%
EBITDA Growth	-24.41%	49.03%	933.73%	1,384.53%	102.87%	90.14%	15.60%	56.32%	47.69%	-4.25%	18.41%
EBIT Growth	-100.97%	241.95%	176.77%	157.30%	31,540.00%	187.68%	46.00%	155.50%	100.11%	-4.74%	15.33%
NOPAT Growth	-126.34%	56.69%	156.46%	141.38%	598.88%	1,144.14%	81.17%	263.23%	222.10%	-10.99%	58.16%
Net Income Growth	-90.95%	52.25%	124.70%	109.18%	1,960.53%	1,989.65%	215.67%	1,057.18%	369.09%	-4.27%	59.31%
EPS Growth	-83.33%	50.00%	123.33%	109.09%	1,000.00%	2,066.67%	200.00%	1,000.00%	363.64%	-10.17%	52.38%
Operating Cash Flow Growth	905.59%	-57.18%	323.01%	-61.36%	-35.54%	206.33%	55.85%	-45.02%	107.05%	121.57%	-87.71%
Free Cash Flow Firm Growth	126.98%	123.67%	164.13%	176.89%	1,169.20%	163.46%	26.54%	74.90%	224.23%	216.57%	-282.08%
Invested Capital Growth	-0.38%	-1.61%	-5.58%	-3.28%	-1.58%	0.00%	-7.04%	-4.89%	-5.24%	-7.82%	19.15%
Revenue Q/Q Growth	18.27%	-6.71%	-9.41%	16.06%	11.47%	17.28%	-21.32%	15.11%	12.24%	-8.97%	5.78%
EBITDA Q/Q Growth	908.47%	94.08%	-1.95%	-16.51%	27.68%	81.90%	-40.39%	12.90%	20.64%	17.94%	-26.28%
EBIT Q/Q Growth	99.70%	28,573.33%	-2.74%	-31.46%	65.65%	160.54%	-50.64%	19.93%	29.74%	24.02%	-40.23%
NOPAT Q/Q Growth	85.75%	-71.26%	344.86%	-30.75%	71.80%	258.45%	-57.51%	38.83%	52.35%	-0.94%	-24.51%
Net Income Q/Q Growth	101.76%	-659.21%	319.29%	-57.40%	294.46%	412.84%	-63.37%	56.15%	59.90%	4.66%	-39.03%
EPS Q/Q Growth	103.03%	-400.00%	333.33%	-57.14%	266.67%	436.36%	-64.41%	57.14%	54.55%	3.92%	-39.62%
Operating Cash Flow Q/Q Growth	92.88%	-38.92%	250.75%	-90.65%	221.77%	190.26%	78.45%	-96.70%	1,111.81%	210.61%	-90.11%
Free Cash Flow Firm Q/Q Growth	103.95%	538.98%	414.35%	-40.79%	-34.78%	32.64%	147.03%	-18.15%	20.90%	29.51%	-242.09%
Invested Capital Q/Q Growth	-1.11%	-2.91%	-0.19%	0.94%	0.62%	-1.35%	-7.22%	3.28%	0.24%	-4.03%	19.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.91%	38.06%	40.23%	34.12%	32.72%	34.96%	38.71%	34.61%	32.61%	38.15%	37.84%
EBITDA Margin	3.62%	7.52%	8.14%	5.86%	6.71%	10.41%	7.88%	7.73%	8.31%	10.77%	7.50%
Operating Margin	-0.62%	4.06%	3.91%	2.08%	2.89%	7.55%	4.38%	4.57%	5.48%	7.55%	4.62%
EBIT Margin	-0.01%	3.77%	4.05%	2.39%	3.55%	7.89%	4.95%	5.16%	5.96%	8.12%	4.59%
Profit (Net Income) Margin	0.06%	-0.38%	0.91%	0.33%	1.18%	5.16%	2.40%	3.26%	4.64%	5.34%	3.08%
Tax Burden Percent	-5.24%	-19.69%	55.21%	62.03%	68.71%	80.44%	74.90%	86.45%	97.91%	77.39%	90.26%
Interest Burden Percent	9,666.67%	50.55%	40.64%	22.48%	48.32%	81.26%	64.77%	73.05%	79.51%	84.88%	74.24%
Effective Tax Rate	0.00%	119.69%	44.79%	37.97%	31.29%	19.56%	25.10%	13.55%	2.09%	22.61%	9.74%
Return on Invested Capital (ROIC)	-0.63%	-1.24%	3.36%	2.09%	3.31%	11.26%	6.56%	8.07%	11.41%	12.50%	8.88%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.05%	-0.74%	2.08%	0.95%	2.18%	9.58%	5.01%	6.68%	9.62%	10.97%	5.80%
Return on Net Nonoperating Assets (RNNOA)	-0.03%	-0.40%	1.14%	0.52%	1.12%	4.24%	1.78%	2.35%	2.97%	2.38%	1.39%
Return on Equity (ROE)	-0.66%	-1.64%	4.51%	2.61%	4.43%	15.50%	8.34%	10.42%	14.38%	14.89%	10.27%
Cash Return on Invested Capital (CROIC)	-2.21%	-0.16%	6.38%	4.52%	3.54%	6.01%	14.10%	13.08%	15.56%	18.17%	-7.20%
Operating Return on Assets (OROA)	-0.01%	4.03%	4.65%	2.81%	4.17%	9.76%	6.55%	6.98%	8.11%	10.44%	6.22%
Return on Assets (ROA)	0.07%	-0.40%	1.04%	0.39%	1.39%	6.38%	3.18%	4.41%	6.32%	6.86%	4.17%
Return on Common Equity (ROCE)	-0.66%	-1.64%	4.51%	2.61%	4.43%	15.50%	8.34%	10.42%	14.38%	14.89%	10.27%
Return on Equity Simple (ROE_SIMPLE)	-4.95%	0.00%	-2.02%	0.52%	1.29%	0.00%	6.29%	8.04%	10.23%	0.00%	9.90%
Net Operating Profit after Tax (NOPAT)	-0.53	-0.91	2.22	1.53	2.64	9.45	4.02	5.57	8.49	8.41	6.35
NOPAT Margin	-0.44%	-0.80%	2.16%	1.29%	1.99%	6.07%	3.28%	3.95%	5.37%	5.84%	4.17%
Net Nonoperating Expense Percent (NNEP)	-0.58%	-0.50%	1.28%	1.14%	1.12%	1.68%	1.54%	1.39%	1.79%	1.53%	3.07%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.31%	-	-	-	3.17%	-	-	-	2.57%	1.85%
Cost of Revenue to Revenue	69.09%	61.94%	59.77%	65.88%	67.28%	65.04%	61.29%	65.39%	67.39%	61.85%	62.16%
SG&A Expenses to Revenue	7.96%	7.59%	6.70%	6.47%	6.06%	5.26%	6.63%	5.90%	5.65%	6.13%	6.58%
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	31.53%	34.00%	36.32%	32.05%	29.83%	27.41%	34.34%	30.04%	27.13%	30.60%	33.22%
Earnings before Interest and Taxes (EBIT)	-0.02	4.27	4.15	2.85	4.72	12	6.07	7.27	9.44	12	7.00
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.39	8.52	8.35	6.98	8.91	16	9.66	11	13	16	11
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.09	1.31	1.13	1.38	1.45	1.47	1.94	1.87	2.55	2.32	2.27
Price to Tangible Book Value (P/TBV)	33.31	23.99	12.87	12.61	10.78	7.98	9.01	7.44	8.63	8.49	19.11
Price to Revenue (P/Rev)	0.48	0.55	0.48	0.57	0.59	0.58	0.75	0.72	0.99	0.96	0.94
Price to Earnings (P/E)	0.00	0.00	0.00	263.73	112.45	26.85	30.86	23.27	24.97	24.04	22.93
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%	0.38%	0.89%	3.72%	3.24%	4.30%	4.01%	4.16%	4.36%
Enterprise Value to Invested Capital (EV/IC)	1.06	1.20	1.09	1.26	1.31	1.34	1.76	1.70	2.32	2.22	2.03
Enterprise Value to Revenue (EV/Rev)	0.73	0.77	0.68	0.76	0.78	0.72	0.85	0.81	1.06	0.99	1.03
Enterprise Value to EBITDA (EV/EBITDA)	35.02	29.11	14.40	12.35	11.16	9.12	10.75	9.84	12.27	11.41	12.08
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	86.72	30.98	22.86	15.36	17.32	14.80	17.46	16.29	17.40
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	166.59	104.60	67.09	22.30	24.94	20.58	22.16	21.18	21.44
Enterprise Value to Operating Cash Flow (EV/OCF)	18.72	35.08	8.65	10.93	12.58	9.40	9.18	9.33	11.40	7.79	12.72
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	16.55	27.40	36.78	22.30	12.02	12.70	14.50	11.69	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.62	0.62	0.58	0.56	0.53	0.49	0.47	0.45	0.42	0.40	0.39
Long-Term Debt to Equity	0.52	0.51	0.47	0.01	0.48	0.45	0.43	0.40	0.37	0.34	0.35
Financial Leverage	0.59	0.54	0.55	0.55	0.51	0.44	0.36	0.35	0.31	0.22	0.24
Leverage Ratio	2.19	2.23	2.10	2.14	2.15	2.16	2.05	2.04	2.05	2.03	1.95
Compound Leverage Factor	211.26	1.13	0.85	0.48	1.04	1.76	1.33	1.49	1.63	1.72	1.45
Debt to Total Capital	38.31%	38.38%	36.65%	35.73%	34.50%	33.04%	31.98%	30.80%	29.42%	28.49%	28.30%
Short-Term Debt to Total Capital	6.16%	7.10%	6.99%	35.29%	2.74%	2.83%	2.95%	3.10%	3.19%	3.86%	3.21%
Long-Term Debt to Total Capital	32.15%	31.28%	29.66%	0.44%	31.76%	30.21%	29.02%	27.71%	26.22%	24.63%	25.09%
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	61.69%	61.62%	63.35%	64.27%	65.50%	66.96%	68.02%	69.20%	70.58%	71.51%	71.70%
Debt to EBITDA	13.07	9.95	5.17	3.68	3.07	2.44	2.31	2.08	1.87	1.90	1.90
Net Debt to EBITDA	12.04	8.23	4.31	3.20	2.68	1.86	1.19	1.11	0.81	0.39	1.15
Long-Term Debt to EBITDA	10.97	8.11	4.18	0.05	2.83	2.23	2.10	1.87	1.67	1.64	1.68
Debt to NOPAT	-15.18	-22.87	59.82	31.16	18.47	5.97	5.37	4.34	3.38	3.52	3.37
Net Debt to NOPAT	-13.98	-18.92	49.85	27.07	16.11	4.55	2.76	2.32	1.46	0.72	2.04
Long-Term Debt to NOPAT	-12.74	-18.64	48.41	0.38	17.00	5.45	4.87	3.91	3.01	3.04	2.99
Altman Z-Score	1.73	1.86	1.91	1.82	2.19	2.41	2.83	2.84	3.26	3.08	3.11
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	1.39	1.37	1.39	0.80	1.53	1.67	1.79	1.81	1.77	1.71	1.61
Quick Ratio	0.67	0.58	0.67	0.36	0.75	0.82	0.94	0.96	0.92	1.03	0.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.56	3.59	18	11	7.13	9.45	23	19	23	30	-43
Operating Cash Flow to CapEx	307.74%	187.24%	497.61%	72.45%	287.78%	644.83%	1,380.58%	41.35%	554.45%	1,433.68%	144.52%
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	1.04	1.07	1.15	1.18	1.17	1.24	1.32	1.35	1.36	1.29	1.36
Accounts Receivable Turnover	6.10	6.20	7.72	7.36	7.02	7.51	9.81	9.23	8.66	8.16	10.48
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	22.99	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	11.60	8.72	11.64	9.33	10.64	10.65	10.78	10.67	10.60	10.84	10.05
Days Sales Outstanding (DSO)	59.80	58.88	47.27	49.57	52.02	48.59	37.20	39.56	42.12	44.74	34.81
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)	31.48	41.86	31.35	39.12	34.30	34.27	33.86	34.21	34.42	33.66	36.32
Cash Conversion Cycle (CCC)	28.32	17.02	15.92	10.46	17.71	14.33	3.35	5.35	7.70	11.08	-1.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	283	275	275	277	279	275	255	264	264	254	304
Invested Capital Turnover	1.44	1.55	1.56	1.62	1.66	1.85	2.00	2.04	2.13	2.14	2.13
Increase / (Decrease) in Invested Capital	-1.09	-4.49	-16	-9.39	-4.49	-0.00	-19	-14	-15	-22	49
Enterprise Value (EV)	300	331	298	349	365	369	449	449	612	562	616
Market Capitalization	197	237	209	258	278	293	399	399	572	543	558
Book Value per Share	$13.57	$13.65	$13.84	$13.85	$14.05	$14.64	$14.92	$15.42	$16.00	$16.59	$17.04
Tangible Book Value per Share	$0.44	$0.74	$1.21	$1.52	$1.90	$2.69	$3.22	$3.88	$4.74	$4.53	$2.03
Total Capital	292	295	292	291	292	298	302	308	317	328	342
Total Debt	112	113	107	104	101	99	97	95	93	93	97
Total Long-Term Debt	94	92	87	1.27	93	90	88	85	83	81	86
Net Debt	103	94	89	90	88	75	50	51	40	19	59
Capital Expenditures (CapEx)	2.62	2.63	3.48	2.23	1.81	2.34	1.95	2.15	1.94	2.33	2.29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	53	48	46	49	52	62	44	55	57	36	47
Debt-free Net Working Capital (DFNWC)	62	68	64	63	65	86	91	99	110	110	86
Net Working Capital (NWC)	44	47	44	-40	57	77	82	90	100	98	75
Net Nonoperating Expense (NNE)	-0.60	-0.48	1.28	1.14	1.07	1.42	1.07	0.98	1.15	0.72	1.66
Net Nonoperating Obligations (NNO)	103	94	89	90	88	75	50	51	40	19	59
Total Depreciation and Amortization (D&A)	4.41	4.25	4.20	4.13	4.19	3.91	3.59	3.63	3.72	3.81	4.44
Debt-free, Cash-free Net Working Capital to Revenue	12.94%	11.24%	10.56%	10.75%	11.07%	12.23%	8.39%	9.94%	9.81%	6.42%	7.96%
Debt-free Net Working Capital to Revenue	15.10%	15.78%	14.62%	13.74%	13.83%	16.82%	17.25%	17.97%	19.00%	19.53%	14.40%
Net Working Capital to Revenue	10.69%	10.91%	9.97%	-8.75%	12.12%	15.16%	15.56%	16.24%	17.25%	17.29%	12.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.01	($0.03)	$0.07	$0.03	$0.12	$0.60	$0.22	$0.33	$0.53	$0.55	$0.33
Adjusted Weighted Average Basic Shares Outstanding	13.11M	13.01M	13.27M	13.34M	13.46M	13.39M	13.61M	13.73M	13.93M	13.82M	14.16M
Adjusted Diluted Earnings per Share	$0.01	($0.03)	$0.07	$0.03	$0.11	$0.59	$0.21	$0.33	$0.51	$0.53	$0.32
Adjusted Weighted Average Diluted Shares Outstanding	13.36M	13.01M	13.47M	13.49M	13.71M	13.61M	13.91M	14.07M	14.36M	14.25M	14.63M
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	13.29M	13.39M	13.49M	13.59M	13.65M	13.77M	13.82M	13.99M	14.12M	14.41M	14.50M
Normalized Net Operating Profit after Tax (NOPAT)	0.60	4.44	3.06	2.33	3.49	10	5.06	7.26	10	9.99	8.54
Normalized NOPAT Margin	0.49%	3.92%	2.99%	1.96%	2.63%	6.72%	4.13%	5.15%	6.62%	6.93%	5.60%
Pre Tax Income Margin	-1.19%	1.91%	1.65%	0.54%	1.72%	6.41%	3.21%	3.77%	4.74%	6.90%	3.41%
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	-10.75%	-11.74%	-7.45%	23.16%	9.68%	1.88%	6.65%	4.68%	5.42%	6.23%	14.42%

Key Financial Trends

Willdan Group (NASDAQ:WLDN) kicked off 2025 with strong top-line and profitability improvements, but continues to invest heavily in growth while cash flow remains under pressure. Key themes from the past twelve months include accelerating revenue and earnings, stable balance sheet metrics, neutral valuation measures, and negative free cash flow trends.

Q1 2025 revenue rose 24.4% year-over-year, rebounding sharply from a 7.5% decline in Q4 2024 and outpacing the 19.4% growth in Q1 2024.
Net Operating Profit After Tax (NOPAT) surged 58% in Q1 2025 compared to Q1 2024, driving ROIC up to 8.9% from 8.1% a year earlier.
Book value per share increased to $17.04 in Q1 2025 versus $16.59 in Q4 2024, reflecting retained earnings growth and strong equity accumulation.
Net debt to EBITDA remains modest at 1.15×, down from 1.20× in Q4 2024, and the Altman Z-Score of 3.11 suggests solid financial health.
Valuation multiples sit at 22.9× forward P/E, 0.94× price/revenue and 12.1× EV/EBITDA—roughly in line with historical trading ranges.
Q1 2025 quick ratio of 0.82 and current ratio of 1.61 indicate adequate but tightened liquidity relative to a year ago.
No dividend has been declared, keeping the company’s capital allocation fully geared toward reinvestment and acquisitions.
Free Cash Flow to Firm in Q1 2025 was negative $42.5 million, compared with positive $29.9 million in Q4 2024, driven by $32 million in acquisitions and elevated working capital needs.
Operating cash flow Q/Q fell by 87.7% in Q1 2025, with net cash from continuing operations down to $3.3 million from $33.5 million a year earlier.
Heavy acquisition spending (net $32.5 million in Q1 2025 vs. $7.4 million in Q4 2024) has escalated cash burn, extending payback periods for incremental investments.

07/13/25 07:04 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Willdan Group's Financials

When does Willdan Group's financial year end?

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

How has Willdan Group's net income changed over the last 10 years?

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. View Willdan Group's forecast to see where analysts expect Willdan Group to go next.

What is Willdan Group's operating income?

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

How has Willdan Group's revenue changed over the last 10 years?

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%.

How much debt does Willdan Group have?

Willdan Group's total liabilities were at $230.52 million at the end of 2024, a 6.8% increase from 2023, and a 1,118.6% increase since 2014.

How much cash does Willdan Group have?

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 $74.16 million as of their latest financial filing in 2024.

How has Willdan Group's book value per share changed over the last 10 years?

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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This page (NASDAQ:WLDN) was last updated on 7/13/2025 by MarketBeat.com Staff

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