Great Lakes Dredge & Dock (GLDD) AI Stock Analysis

• Market Cap: $855.43M
• Dividend Yield: N/A
• Average Volume (3M): 412.65K
• Price to Earnings (P/E): 10.3
• Beta (1Y): 1.38
• Revenue Growth: 12.53%
• EPS Growth: 35.68%
• Country: US
• Employees: 381
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.26
• Shares Outstanding: 67,999,306
• 10 Day Avg. Volume: 562,041
• 30 Day Avg. Volume: 412,650
• PEG Ratio: 0.04
• Price to Book (P/B): 1.69
• Price to Sales (P/S): 0.99
• P/FCF Ratio: -13.75
• Enterprise Value/Market Cap: 1.50
• Enterprise Value/Revenue: 1.54
• Enterprise Value/Gross Profit: 6.45
• Enterprise Value/Ebitda: 7.66
• 1Y Price Target: $14.00
• Price Target Upside: 14.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 1.03
• Revenue Forecast (FY): $849.67M

• Rating: 76 Outperform
• Price Target: $14.50 ▲(18.37% Upside)

Great Lakes Dredge & Dock's strong financial performance and positive technical indicators are the primary drivers of its score. The robust earnings call further supports a positive outlook, despite liquidity challenges and operational hurdles. The stock's reasonable valuation adds to its attractiveness, though the lack of a dividend yield may deter income-focused investors.

Great Lakes Dredge & Dock Business Overview & Revenue Model

Company Description

Great Lakes Dredge & Dock (GLDD) is the largest provider of dredging services in the United States, specializing in the maintenance and construction of navigable waterways. The company operates in the marine construction sector, focusing on dredging, environmental remediation, and coastal protection. GLDD offers a range of core services, including capital dredging, maintenance dredging, beach nourishment, and underwater construction, serving various clients such as federal, state, and local governments, as well as private sector entities involved in infrastructure projects.

How the Company Makes Money

Great Lakes Dredge & Dock generates revenue primarily through its dredging and marine construction contracts. The company bids on projects, often funded by government agencies or private developers, which results in significant revenue from large-scale dredging operations. Key revenue streams include capital dredging contracts for new waterway construction, maintenance dredging for the upkeep of existing channels, and environmental remediation projects that involve the removal of contaminated sediments. GLDD also benefits from strategic partnerships with government bodies and private firms, which can provide a steady flow of contracts and enhance its market position. The company's ability to secure long-term contracts and engage in multi-year projects significantly contributes to its earnings stability and growth potential.

Great Lakes Dredge & Dock Financial Statement Overview

Summary

Great Lakes Dredge & Dock has demonstrated strong revenue and profit growth, with improved margins and effective equity utilization. However, challenges in free cash flow generation could impact liquidity, necessitating continued focus on cost management and cash flow improvement.

Income Statement

Great Lakes Dredge & Dock has shown impressive revenue growth with a TTM increase of 48.5%, indicating strong demand and operational efficiency. The gross profit margin improved to 23.03%, and the net profit margin increased to 8.63%, reflecting enhanced profitability. EBIT and EBITDA margins also improved, showcasing effective cost management. However, the company should continue to monitor cost pressures to maintain these margins.

Balance Sheet

The company's debt-to-equity ratio stands at 1.03, indicating a balanced leverage position compared to previous years. Return on equity improved to 15.62%, demonstrating effective use of equity to generate profits. However, the equity ratio is moderate, suggesting a need for cautious financial management to avoid over-leveraging.

Cash Flow

Operating cash flow has increased significantly, but free cash flow remains negative, with a concerning decline in free cash flow growth. The operating cash flow to net income ratio is healthy at 0.68, but the negative free cash flow to net income ratio indicates potential liquidity challenges. The company should focus on improving free cash flow generation to support long-term financial stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	834.60M	762.69M	589.63M	648.78M	726.15M	733.60M
Gross Profit	198.78M	160.58M	77.73M	31.17M	145.27M	171.23M
EBITDA	167.33M	135.96M	72.98M	16.97M	127.44M	149.45M
Net Income	80.55M	57.27M	13.91M	-34.05M	49.43M	66.10M
Balance Sheet
Total Assets	1.27B	1.31B	1.11B	981.78M	997.67M	958.02M
Cash, Cash Equivalents and Short-Term Investments	12.67M	10.22M	22.84M	6.55M	145.46M	216.51M
Total Debt	486.58M	550.21M	505.87M	413.40M	383.69M	389.09M
Total Liabilities	765.63M	857.21M	725.29M	613.56M	598.67M	611.36M
Stockholders Equity	502.11M	448.91M	385.55M	368.22M	399.00M	346.67M
Cash Flow
Free Cash Flow	23.93M	-55.08M	-103.42M	-142.33M	-72.05M	31.33M
Operating Cash Flow	164.30M	70.06M	47.42M	672.00K	44.61M	78.95M
Investing Cash Flow	-137.71M	-115.69M	-120.14M	-140.91M	-112.20M	-43.17M
Financing Cash Flow	-25.95M	32.09M	89.93M	-679.00K	-1.46M	-6.26M

Great Lakes Dredge & Dock Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 12.25 is above the 20-day moving average (MA) of 11.44, above the 50-day MA of 11.71, and above the 200-day MA of 10.72, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 59.37 is Neutral, neither overbought nor oversold. The STOCH value of 71.08 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	76 Outperform	$855.43M	10.28	17.37%	―	12.53%	35.68%
WLDN	71 Outperform	$1.38B	35.58	16.38%	―	12.90%	72.61%
ORN	66 Neutral	$438.91M	42.64	6.31%	―	7.02%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BWMN	59 Neutral	$766.45M	36.32	6.31%	―	16.73%	―
BBCP	58 Neutral	$320.17M	37.81	3.32%	―	-8.98%	-38.23%
MTRX	48 Neutral	$428.61M	-14.39	-16.33%	―	17.16%	24.10%

Great Lakes Dredge & Dock Corporate Events

Great Lakes Dredge & Dock Reports Strong Q3 2025

Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, is known for its extensive fleet and over 135 years of experience in marine projects, including expanding into the offshore energy sector.

Great Lakes Dredge & Dock: Positive Earnings Call Highlights

During the latest earnings call, Great Lakes Dredge & Dock Corp expressed a positive sentiment, emphasizing their strong financial performance, strategic achievements, and a robust backlog. Despite facing some operational challenges, the company remains optimistic about its future prospects.

Great Lakes Dredge & Dock Expands Credit Facility

On October 24, 2025, Great Lakes Dredge & Dock Corporation amended its Revolving Credit Facility, increasing it by $100 million to $430 million and extending its maturity to October 2030. This amendment allowed the company to fully repay its $100 million second lien notes, saving an estimated $6 million per year in interest. The expansion of the credit facility strengthens Great Lakes’ financial position, providing enhanced flexibility to pursue strategic priorities and deliver value to shareholders.

The most recent analyst rating on (GLDD) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Great Lakes Dredge & Dock stock, see the GLDD Stock Forecast page.

Great Lakes Dredge & Dock Reports Strong Q2 2025 Results

Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, specializes in marine construction projects and is expanding into the offshore energy industry.

Great Lakes Dredge & Dock’s Positive Earnings Call

The recent earnings call for Great Lakes Dredge & Dock Corp. was marked by a positive sentiment, underscoring a strong financial performance and strategic advancements. Despite some increased costs and potential market delays, the company expressed confidence in its future outlook, driven by a significant backlog and progress in its new build program.