Shimmick Corporation (SHIM) AI Stock Analysis

• Market Cap: $80.94M
• Dividend Yield: N/A
• Average Volume (3M): 21.41K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.38
• Revenue Growth: -3.64%
• EPS Growth: 53.82%
• Country: US
• Employees: 1,200
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.01
• Shares Outstanding: 35,815,480
• 10 Day Avg. Volume: 39,794
• 30 Day Avg. Volume: 21,407
• PEG Ratio: >-0.01
• Price to Book (P/B): -2.28
• Price to Sales (P/S): 0.16
• P/FCF Ratio: -2.48
• Enterprise Value/Market Cap: 1.93
• Enterprise Value/Revenue: 0.32
• Enterprise Value/Gross Profit: 56.58
• Enterprise Value/Ebitda: -3.57
• 1Y Price Target: $3.00
• Price Target Upside: 11.52% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.41
• Revenue Forecast (FY): $496.35M

• Rating: 45 Neutral
• Price Target: $2.50 ▼(-7.06% Downside)

Shimmick Corporation's overall stock score is primarily impacted by its poor financial performance, characterized by persistent losses and financial instability. While the technical analysis shows some positive momentum, the valuation remains unattractive due to negative earnings. The earnings call provides some optimism with strategic shifts and backlog growth, but significant challenges remain.

Positive Factors

Backlog Expansion

A growing backlog indicates strong future revenue potential and project pipeline, enhancing long-term business stability and visibility.

Strategic Market Position

Positioning in high-demand regions like California and Texas aligns with infrastructure needs, supporting sustainable growth and market leadership.

Positive Core Project Growth

Growth in core projects reflects strategic focus and execution, which can lead to improved margins and profitability over time.

Negative Factors

Financial Instability

Negative equity and financial instability can limit investment capacity and increase risk, affecting long-term operational sustainability.

Profitability Challenges

Persistent negative margins indicate cost management issues, which can hinder profitability and reduce competitive edge in the long term.

Decline in Non-Core Revenue

Declining non-core revenue impacts overall financial performance, potentially limiting diversification and increasing reliance on core projects.

Shimmick Corporation Business Overview & Revenue Model

Company Description

Shimmick Corporation (SHIM) is a prominent construction and engineering firm that specializes in heavy civil infrastructure projects, including transportation and water resources. The company operates primarily in the public sector, providing services such as design, construction, and project management for large-scale infrastructure projects. With a focus on quality, safety, and sustainability, Shimmick has established itself as a trusted partner in delivering complex projects across the United States.

How the Company Makes Money

Shimmick Corporation generates revenue through contracts awarded for construction and engineering projects, primarily from government agencies and public-private partnerships. The company's revenue model is based on fixed-price contracts, cost-plus contracts, and unit price contracts, allowing for various pricing mechanisms depending on the project type. Key revenue streams include contracts for highways, bridges, tunnels, and water treatment facilities. Additionally, Shimmick often collaborates with other construction firms and subcontractors, forming strategic partnerships that enhance its bidding capabilities and project execution, thereby contributing to its overall earnings.

Shimmick Corporation Financial Statement Overview

Summary

Shimmick Corporation is facing significant financial challenges. The income statement shows persistent losses and declining revenues, with negative net profit margins and operational inefficiencies. The balance sheet reveals financial instability with negative equity, and cash flow analysis indicates poor cash generation and negative cash flows. These factors collectively suggest a need for strategic restructuring and financial improvement.

Income Statement

Shimmick Corporation's income statement reveals significant challenges. The TTM data shows a negative net profit margin of -11.21% and a declining revenue growth rate of -4.64%. The company has consistently reported negative EBIT and EBITDA margins, indicating ongoing operational inefficiencies and profitability issues. Despite these challenges, the gross profit margin has improved slightly in the TTM period compared to the previous year.

Balance Sheet

The balance sheet presents a concerning picture with negative stockholders' equity, leading to a negative debt-to-equity ratio. This indicates financial instability and potential solvency issues. The return on equity is positive in the TTM period, but this is due to the negative equity base rather than improved profitability. The equity ratio is also negative, highlighting the company's reliance on debt financing.

Cash Flow

Cash flow analysis shows a troubling trend with negative operating and free cash flows in the TTM period. The free cash flow growth rate is significantly negative, and the operating cash flow to net income ratio is low, indicating poor cash generation relative to earnings. The free cash flow to net income ratio is positive but reflects the negative net income rather than strong cash flow performance.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	480.24M	632.81M	664.16M	572.67M
Gross Profit	-55.65M	22.37M	23.52M	-132.80M
EBITDA	-105.15M	17.12M	-23.58M	-198.03M
Net Income	-124.75M	-2.55M	3.76M	45.40M
Balance Sheet
Total Assets	233.86M	426.65M	426.65M	492.00M
Cash, Cash Equivalents and Short-Term Investments	33.73M	62.94M	63.91M	73.18M
Total Debt	25.46M	44.67M	53.24M	11.90M
Total Liabilities	268.54M	356.16M	356.16M	444.98M
Stockholders Equity	-34.52M	71.24M	71.24M	46.59M
Cash Flow
Free Cash Flow	-31.74M	-95.14M	-13.53M	-56.91M
Operating Cash Flow	-21.26M	-88.10M	-3.08M	-53.98M
Investing Cash Flow	15.04M	22.05M	4.20M	136.17M
Financing Cash Flow	-21.90M	47.88M	-931.00K	-294.00K

Shimmick Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.69
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SHIM, the sentiment is Positive. The current price of 2.69 is above the 20-day moving average (MA) of 2.31, above the 50-day MA of 2.44, and above the 200-day MA of 2.09, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 61.13 is Neutral, neither overbought nor oversold. The STOCH value of 81.76 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SHIM.

Shimmick Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WLDN	76 Outperform	$1.45B	35.37	16.38%	―	12.90%	72.61%
ORN	64 Neutral	$396.22M	41.15	6.31%	―	7.02%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ESOA	60 Neutral	$137.87M	48.34	5.24%	1.01%	9.52%	-88.22%
BBCP	58 Neutral	$338.19M	40.46	3.32%	―	-8.98%	-38.23%
SHIM	45 Neutral	$80.94M	―	―	―	-3.64%	53.82%
SLND	43 Neutral	$173.70M	―	-84.16%	―	-9.10%	21.10%

Shimmick Corporation Corporate Events

Shimmick Corp’s Q3 2025: Core Growth Amid Challenges

Shimmick Corporation’s recent earnings call for the third quarter of 2025 presented a mixed sentiment, with a positive trajectory in core project revenue growth and strategic execution, yet challenges remain due to a decline in overall revenue from non-core projects and a net loss for the quarter.

Shimmick Corporation Reports Q3 2025 Earnings and Growth

Shimmick Corporation is a prominent infrastructure solutions provider specializing in water, electrical, and other critical infrastructure construction services, operating primarily in the United States. The company is known for its innovative and technology-driven approach to infrastructure challenges.

Shimmick Corporation Enters Market Offering Agreement

On September 8, 2025, Shimmick Corporation entered into an At The Market Offering Agreement with Roth Capital Partners, LLC for the sale of its common stock, with an aggregate offering amount up to $7,800,000. The sales will be made in “at the market offerings” under the Securities Act of 1933, and the company is not obligated to sell any shares. The agreement allows for suspension or termination by either party and includes a commission for the sales agent and indemnification against certain liabilities.

The most recent analyst rating on (SHIM) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Shimmick Corporation stock, see the SHIM Stock Forecast page.