Willdan Group (WLDN) AI Stock Analysis

• Market Cap: $965.42M
• Dividend Yield: N/A
• Average Volume (3M): 201.63K
• Price to Earnings (P/E): 40.2
• Beta (1Y): 0.63
• Revenue Growth: 12.40%
• EPS Growth: 81.98%
• Country: US
• Employees: 1,761
• Sector: Industrials
• Sector Strength: 87
• Industry: Engineering & Construction
• EPS (TTM): 0.63
• Shares Outstanding: 14,496,824
• 10 Day Avg. Volume: 284,411
• 30 Day Avg. Volume: 201,629
• PEG Ratio: 6.23
• Price to Book (P/B): 1.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.37K
• Enterprise Value/Market Cap: 0.36
• Enterprise Value/Revenue: 0.15
• Enterprise Value/Gross Profit: 1.69
• Enterprise Value/Ebitda: 1.87
• 1Y Price Target: $56.00
• Price Target Upside: -17.43% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 79 Outperform
• Price Target: $71.00 ▲(4.69%Upside)

Willdan Group's strong financial performance and positive earnings call, marked by record results and strategic growth, are significant strengths. While technical indicators suggest robust momentum, potential overvaluation and short-term risks due to overbought signals and tariff risks should be considered. The overall stock score reflects a well-balanced view of these factors.

Willdan Group Business Overview & Revenue Model

Company Description

Willdan Group, Inc., together with its subsidiaries, provides professional, technical and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services, as well as software and data analytics. The Engineering and Consulting segment provides building and safety, city engineering and code enforcement, development plan review and inspection, disaster recovery, geotechnical and earthquake engineering, planning and surveying, contract staff support, program and construction management, structural engineering, transportation and traffic engineering, and water resources services. This segment also offers district administration, financial consulting, and federal compliance services; and communications and technology services. It serves public and governmental agencies, including cities, counties, redevelopment agencies, water districts, school districts, and universities; investor and municipal owned energy utilities; state and federal agencies; and commercial and industrial firms, as well as various other special districts and agencies. The company was founded in 1964 and is headquartered in Anaheim, California.

How the Company Makes Money

Willdan Group makes money primarily by providing consulting and technical services across its various sectors. The company's revenue model is based on service contracts with clients, often structured as fixed-price, cost-plus, or time-and-materials contracts. A significant portion of its revenue comes from energy efficiency services, where it partners with utilities and government agencies to design and implement energy-saving programs. These programs often involve retrofitting existing structures and optimizing energy systems, resulting in utility incentives or government funding. Additionally, Willdan earns revenue from engineering and consulting services related to infrastructure projects and financial consulting for public sector entities. The company's strategic partnerships with utilities and government bodies, coupled with its expertise in energy and infrastructure, are key factors contributing to its earnings.

Willdan Group Financial Statement Overview

Summary

Willdan Group exhibits a strong financial performance across all statements. The income statement reflects robust growth and improved profitability, with a 5.29% increase in revenue and improved net profit margins. The balance sheet shows a healthy leverage position with a moderate debt-to-equity ratio of 0.42 and strong ROE of 9.90%. Cash flows are well-managed, with a 35.53% growth in free cash flow.

Income Statement

The income statement shows strong revenue growth with a 5.29% increase in the TTM period compared to the previous year. Gross profit margins are healthy at approximately 34.52%, and net profit margins have improved to 4.08% in TTM, indicating better cost management. EBIT and EBITDA margins at 5.54% and 7.82% respectively, reflect improved operational efficiency, contributing to a robust financial performance.

Balance Sheet

The company maintains a solid balance sheet with a moderate debt-to-equity ratio of 0.42, suggesting a balanced capital structure. ROE is strong at 9.90%, indicating effective utilization of equity capital. The equity ratio stands at 52.10%, highlighting financial stability, though there is room for improvement by reducing debt levels further.

Cash Flow

The cash flow statement reveals a significant improvement in free cash flow, growing by 35.53% in the TTM period. The operating cash flow to net income ratio of 1.99 indicates strong cash generation relative to net income. Free cash flow to net income ratio of 1.63 further underscores the company's good cash management practices, supporting future growth initiatives.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Mar 2021
Income Statement
Total Revenue	595.70M	565.80M	510.10M	429.14M	353.75M	390.98M
Gross Profit	205.68M	202.78M	179.77M	143.58M	135.87M	129.39M
EBITDA	46.57M	49.23M	40.44M	11.37M	8.61M	4.14M
Net Income	24.32M	22.57M	10.93M	-8.45M	-8.42M	-14.50M
Balance Sheet
Total Assets	471.16M	464.86M	415.59M	409.67M	394.42M	410.32M
Cash, Cash Equivalents and Short-Term Investments	38.36M	74.16M	23.40M	8.81M	11.22M	28.41M
Total Debt	104.04M	107.75M	114.10M	123.39M	118.23M	135.15M
Total Liabilities	225.64M	230.52M	215.74M	228.17M	215.20M	241.16M
Stockholders Equity	245.52M	234.34M	199.84M	181.50M	179.22M	169.16M
Cash Flow
Free Cash Flow	39.68M	63.66M	29.29M	-169.00K	1.30M	41.95M
Operating Cash Flow	48.44M	72.07M	39.21M	9.43M	9.80M	47.02M
Investing Cash Flow	-48.55M	-15.74M	-11.46M	-9.53M	-8.45M	-5.06M
Financing Cash Flow	-8.44M	-5.57M	-23.84M	8.36M	-18.53M	-19.01M

Willdan Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 67.82
• 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 WLDN, the sentiment is Positive. The current price of 67.82 is above the 20-day moving average (MA) of 59.09, above the 50-day MA of 50.94, and above the 200-day MA of 42.67, indicating a bullish trend. The MACD of 3.83 indicates Negative momentum. The RSI at 87.49 is Negative, neither overbought nor oversold. The STOCH value of 92.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WLDN.

Willdan Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WLDN	79 Outperform	$965.42M	40.17	10.78%	―	12.40%	81.98%
GLDD	78 Outperform	$802.89M	11.70	15.67%	―	28.03%	80.90%
LMB	78 Outperform	$1.58B	52.37	23.37%	―	3.62%	28.02%
BWMN	72 Outperform	$493.38M	194.80	1.25%	―	21.78%	―
AMRC	71 Outperform	$837.45M	16.03	5.64%	―	30.13%	-7.60%
Sector *	65 Neutral	$10.65B	15.52	5.51%	1.92%	2.72%	-26.34%
MTRX	63 Neutral	$376.33M	―	-14.26%	―	-0.29%	-6.77%

Willdan Group Corporate Events

Willdan Group Holds Annual Stockholders Meeting

On June 12, 2025, Willdan Group, Inc. held its Annual Meeting of Stockholders, where several key proposals were voted on. The stockholders elected seven directors, ratified Crowe LLP as the independent accounting firm for 2025, approved executive compensation, determined a one-year frequency for future advisory votes on executive compensation, and approved amendments to the 2008 Performance Incentive Plan. The meeting achieved a quorum with 83.06% of shares represented.

The most recent analyst rating on (WLDN) stock is a Buy with a $59.00 price target. To see the full list of analyst forecasts on Willdan Group stock, see the WLDN Stock Forecast page.