Great Lakes Dredge & Dock (GLDD) AI Stock Analysis

• Market Cap: $774.36M
• Dividend Yield: N/A
• Average Volume (3M): 479.71K
• Price to Earnings (P/E): 11.2
• Beta (1Y): 1.13
• Revenue Growth: 28.03%
• EPS Growth: 80.90%
• Country: US
• Employees: 381
• Sector: Industrials
• Sector Strength: 94
• Industry: Engineering & Construction
• EPS (TTM): 0.49
• Shares Outstanding: 67,926,384
• 10 Day Avg. Volume: 414,083
• 30 Day Avg. Volume: 479,715
• PEG Ratio: 0.50
• Price to Book (P/B): 1.55
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -14.06
• Enterprise Value/Market Cap: 1.60
• Enterprise Value/Revenue: 0.42
• Enterprise Value/Gross Profit: 6.69
• Enterprise Value/Ebitda: 2.29
• 1Y Price Target: $14.00
• Price Target Upside: 22.81% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 78 Outperform
• Price Target: $14.00 ▲(22.81%Upside)

Great Lakes Dredge & Dock's stock score is primarily driven by strong technical indicators and robust financial performance. Reasonable valuation further supports its attractiveness, despite some operational challenges highlighted in the earnings call.

Great Lakes Dredge & Dock Business Overview & Revenue Model

Company Description

Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures. It is also involved in coastal protection projects that comprises of moving sand from the ocean floor to shoreline locations where erosion threatens shoreline assets; maintenance dredging, which consists of the re-dredging of previously deepened waterways and harbors to remove silt, sand, and other accumulated sediments; land reclamations, channel deepening, and port infrastructure development; and lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects. The company serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns, such as utilities, oil, and other energy companies. It operates a fleet of 18 dredges, 17 material transportation barges, 1 drillboat, and various other support vessels. The company was formerly known as Lydon & Drews Partnership and changed its name to Great Lakes Dredge & Dock Corporation in 1905. Great Lakes Dredge & Dock Corporation was founded in 1890 and is headquartered in Houston, Texas.

How the Company Makes Money

Great Lakes Dredge & Dock makes money primarily through contracts for its dredging services, which are often secured with government agencies, port authorities, and private sector clients. These contracts typically involve large-scale projects, such as deepening and maintaining shipping channels, beach nourishment, and land reclamation efforts. The company's revenue streams are driven by ongoing demand for infrastructure development and maintenance, which are critical for trade and coastal protection. Additionally, GLDD may enter into joint ventures or partnerships that allow it to expand its capabilities and access new markets, further bolstering its revenue potential. The company's success is influenced by factors such as government funding for infrastructure projects, environmental regulations, and the overall economic climate, which can impact the availability and scope of dredging projects.

Great Lakes Dredge & Dock Financial Statement Overview

Summary

Great Lakes Dredge & Dock demonstrates solid financial performance with improving margins and revenue growth in the TTM. However, cash flow management indicates potential for improvement due to high capital expenditures.

Income Statement

Gross profit margin improved in the TTM (Trailing-Twelve-Months) to 22.93% from 21.05% last year, indicating enhanced operational efficiency. Net profit margin also saw an increase to 8.63% from 7.51%. The revenue growth rate from the prior year is strong at 5.80%, reflecting positive business momentum. EBIT and EBITDA margins are healthy at 13.73% and 17.70%, respectively, showcasing robust profitability.

Balance Sheet

The debt-to-equity ratio stood at 1.04, indicating moderate leverage. Return on Equity (ROE) improved to 14.52%, signifying effective use of equity capital. However, the equity ratio is at 38.90%, illustrating a balanced asset funding by equity. Overall, the balance sheet shows stability with a manageable debt level.

Cash Flow

Free cash flow growth is negative, but operating cash flow to net income ratio is 1.17, indicating adequate cash generation capability relative to earnings. Free cash flow to net income ratio is negative due to high capital expenditures, suggesting potential cash flow constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	806.90M	762.69M	589.63M	648.78M	726.15M	733.60M
Gross Profit	185.01M	160.58M	77.73M	31.17M	145.27M	171.23M
EBITDA	153.00M	135.96M	72.98M	16.97M	127.44M	149.45M
Net Income	69.66M	57.27M	13.91M	-34.05M	49.43M	66.10M
Balance Sheet
Total Assets	1.23B	1.26B	1.11B	981.78M	997.67M	958.02M
Cash, Cash Equivalents and Short-Term Investments	11.34M	10.22M	22.84M	6.55M	145.46M	216.51M
Total Debt	499.98M	547.75M	503.25M	413.40M	383.69M	389.09M
Total Liabilities	753.50M	806.19M	725.29M	613.56M	598.67M	611.36M
Stockholders Equity	479.94M	448.91M	385.55M	368.22M	399.00M	346.67M
Cash Flow
Free Cash Flow	-53.27M	-55.08M	-103.42M	-141.35M	-67.65M	31.33M
Operating Cash Flow	81.21M	70.06M	47.42M	1.65M	49.01M	78.95M
Investing Cash Flow	-128.14M	-115.69M	-120.14M	-140.91M	-112.20M	-43.17M
Financing Cash Flow	23.28M	32.09M	89.93M	-1.66M	-5.86M	-6.26M

Great Lakes Dredge & Dock Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.40
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLDD, the sentiment is Positive. The current price of 11.4 is below the 20-day moving average (MA) of 11.51, below the 50-day MA of 11.45, and above the 200-day MA of 10.84, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 50.46 is Neutral, neither overbought nor oversold. The STOCH value of 58.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GLDD.

Great Lakes Dredge & Dock Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GLDD	78 Outperform	$774.36M	11.16	15.67%	―	28.03%	80.90%
WLDN	74 Outperform	$1.15B	46.98	10.78%	―	12.40%	81.98%
Sector *	71 Outperform	¥263.98B	13.78	8.47%	2.91%	6.34%	13.00%
BWMN	71 Outperform	$585.06M	229.24	1.25%	―	21.78%	―
ORN	70 Outperform	$344.12M	141.92	2.25%	―	15.58%	―
BBCP	69 Neutral	$360.55M	29.95	4.58%	―	-9.91%	-25.58%
MTRX	63 Neutral	$405.60M	―	-14.26%	―	-0.29%	-6.77%

Great Lakes Dredge & Dock Corporate Events

Great Lakes Dredge & Dock Stockholders Approve Key Amendments

On May 8, 2025, Great Lakes Dredge & Dock Corporation held its Annual Meeting of Stockholders, where several key decisions were made. Stockholders approved an amendment to the 2021 Long-Term Incentive Plan, increasing the shares available by 3,000,000, and ratified Deloitte & Touche LLP as the independent auditor for 2025. Additionally, the election of two directors, approval of executive compensation, and the 2025 Employee Stock Purchase Plan were confirmed, indicating strong shareholder support for the company’s strategic direction.

The most recent analyst rating on (GLDD) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on Great Lakes Dredge & Dock stock, see the GLDD Stock Forecast page.