Great Lakes Dredge & Dock (GLDD) AI Stock Analysis

• Market Cap: $937.03M
• Dividend Yield: N/A
• Average Volume (3M): 434.86K
• Price to Earnings (P/E): 11.6
• Beta (1Y): 1.37
• 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: 484,260
• 30 Day Avg. Volume: 434,862
• 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: 1.37
• Enterprise Value/Revenue: 1.54
• Enterprise Value/Gross Profit: 6.45
• Enterprise Value/Ebitda: 7.65
• 1Y Price Target: $14.00
• Price Target Upside: 20.07% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 1.1
• Revenue Forecast (FY): $845.61M

• Rating: 81 Outperform
• Price Target: $15.50 ▲(32.93% Upside)

Great Lakes Dredge & Dock's strong technical indicators and positive earnings call sentiment are the most significant factors driving the score. The company's financial performance is solid, though free cash flow challenges need addressing. Valuation is reasonable, supporting a positive outlook.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for services and operational efficiency, supporting long-term business expansion and market leadership.

Backlog Strength

A robust backlog provides revenue visibility and stability, ensuring sustained operations and financial health over the coming years.

Credit Facility Expansion

The expanded credit facility enhances financial flexibility, allowing the company to pursue strategic initiatives and reduce interest expenses.

Negative Factors

Free Cash Flow Challenges

Negative free cash flow can strain liquidity and limit investment capacity, potentially impacting long-term financial stability.

Dry Docking Impact

Dry docking reduces operational capacity temporarily, potentially affecting revenue generation and project timelines.

Offshore Wind Market Delays

Delays in the offshore wind market could impact future revenue streams and require strategic adjustments, affecting growth prospects.

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, focusing on the maintenance and improvement of waterways, ports, and coastal regions. The company operates primarily in the dredging sector, offering services such as dredging, marine construction, and environmental remediation. GLDD plays a critical role in enhancing navigation channels, beach nourishment, and flood prevention, catering to both public and private sector clients.

How the Company Makes Money

Great Lakes Dredge & Dock generates revenue primarily through its dredging and marine construction services. The company earns money by securing contracts for large-scale projects, which can include dredging operations for federal, state, and local government agencies, as well as private sector clients involved in construction and infrastructure. Key revenue streams include maintenance dredging contracts, capital dredging projects, and specialty services such as environmental remediation. GLDD often benefits from long-term relationships with government entities and infrastructure partners, enabling it to secure repeat business and participate in multi-year projects. Additionally, the company's strategic investments in advanced dredging equipment and technologies enhance its operational efficiency and competitiveness in the market.

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	167.59M	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: 11.66
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 11.66 is below the 20-day moving average (MA) of 12.70, below the 50-day MA of 12.08, and above the 200-day MA of 11.01, indicating a bullish trend. The MACD of 0.46 indicates Negative momentum. The RSI at 70.64 is Negative, neither overbought nor oversold. The STOCH value of 84.60 is Negative, 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	81 Outperform	$937.03M	11.62	17.37%	―	12.53%	35.68%
WLDN	76 Outperform	$1.53B	37.15	16.38%	―	12.90%	72.61%
ORN	66 Neutral	$432.53M	44.92	6.31%	―	7.02%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BBCP	58 Neutral	$359.81M	43.04	3.32%	―	-8.98%	-38.23%
BWMN	57 Neutral	$629.08M	38.08	6.31%	―	16.73%	―
MTRX	47 Neutral	$428.61M	-14.39	-16.33%	―	17.16%	24.10%

Great Lakes Dredge & Dock Corporate Events

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.