Willdan Group, Inc.

WLDN

$88.26

+0.80%

2026-09-03 10:05:30 EDT+$0.70

Industrials

Engineering & Construction

NASDAQ

Active Trading

Willdan Group, Inc., including its various subsidiaries, offers a wide array of expert, technical, and advisory services, primarily concentrating its operations within ...

Price Action of WLDN

$88.26

+0.80%+$0.70

High—

Low—

52W High-35.6%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Willdan Group, Inc. is an American provider of engineering, energy, infrastructure, and advisory services. The company began its present business in 1964 and is headquartered in Anaheim, California. It serves a broad customer base that includes cities, counties, water districts, school systems, universities, utilities, state and federal agencies, commercial and ...Willdan Group, Inc. is an American provider of engineering, energy, infrastructure, and advisory services. The company began its present business in 1964 and is headquartered in Anaheim, California. It serves a broad customer base that includes cities, counties, water districts, school systems, universities, utilities, state and federal agencies, commercial and industrial organizations, and other public-sector entities. Michael A. Bieber is the company’s chief executive officer, having succeeded Tom Brisbin in December 2023; Thomas D. Brisbin remains chairman according to the supplied management information. Willdan operates through two principal business areas. The Energy segment supports utilities, public agencies, and other organizations seeking to lower energy consumption, improve grid performance, and transition toward cleaner energy systems. Its services include energy audits, building and facility assessments, energy-efficiency program design, demand-side management, electrification planning, renewable-energy support, grid optimization, benchmarking, engineering design, construction oversight, installation, performance contracting, financing solutions, and measurement and verification. The segment also uses software, data analytics, and program-management tools to track energy usage, customer participation, savings, and project performance. The Engineering and Consulting segment provides technical services for the built environment and public infrastructure. Offerings include building and safety services, code enforcement, development-plan review, inspection, disaster recovery, geotechnical and earthquake engineering, urban planning, surveying, civil and structural engineering, transportation and traffic engineering, water-resource management, project and construction management, contract staffing, public finance, regulatory compliance, and communications and technology support. Unlike a manufacturing company, Willdan does not primarily sell physical products and therefore has no conventional product bill of materials, inventory-heavy production process, or manufacturing cost structure. Its cost base is largely personnel-related, including engineers, consultants, project managers, inspectors, analysts, software specialists, and administrative staff, supplemented by subcontractors, technology, travel, and project delivery costs. The supplied financial data indicates a primarily service-based operating model with approximately 1,814 full-time employees, trailing twelve-month revenue of roughly $739 million implied by the reported revenue-per-share data, a gross margin of about 37.8%, an EBITDA margin of approximately 10.7%, and a net margin near 8.8%. The company reported no dividend in the supplied data. Its balance-sheet metrics show moderate leverage, with debt-to-equity of approximately 0.25 and net debt to EBITDA of about 0.63. Willdan’s future objectives are closely tied to continued growth in energy-efficiency programs, utility modernization, grid resilience, public infrastructure investment, sustainability initiatives, and demand for specialized government and engineering expertise.ExpandCollapse

Founded

1964

Employees

1814

CEO

Michael A. Bieber

Full Name

Willdan Group, Inc.

Sector

Industrials

Industry

Engineering & Construction

ROE

20.92%

Market Cap

$1.33B

Current Ratio

1.37

WACC

9.81%

ROIC

16.88%

Contact Information

https://www.willdan.com

800 424 9144

2401 East Katella Avenue, Anaheim, CA 92806

Key Metrics of WLDN

Snapshot

Latest / TTM · 6 periods

Market Cap

$1.33B

ROCE

11.9%

EV / EBITDA

17.16x

+0.4% YoY

FCF Yield

4.7%

+0.2% YoY

Cash Conversion Cycle

-7.5d

Current Ratio

1.37

Quick take

TTM —

No major risk flags in selected headline metrics.

Financial Highlights of WLDN

Profitability trend

Latest / TTM · 6 periods

Gross Margin

37.8%

Net Margin

8.8%

P/E Ratio

19.70x

n/a

Debt / Equity

0.25

n/a

Current Ratio

1.37

Dividend Yield

0.0%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of WLDN

Upcoming

Oct 3, 2026In 29 days
Q3 FY2027 · Estimated results
Est. EPS $1.09 · Revenue $108.40M · 2 analysts
Jan 2, 2027
FY2027 · Estimated annual results
Est. EPS $5.11 · Revenue $424.83M · 1 analysts
Jan 3, 2027
Q4 FY2027 · Estimated results
Est. EPS $1.05 · Revenue $106.73M · 2 analysts
Apr 3, 2027
Q1 FY2028 · Estimated results
Est. EPS $0.94 · Revenue $94.60M · 1 analysts

Recent history

Aug 7, 2026
Q2 FY2026 · Results reported
EPS $1.58 · Revenue $231.03M
View filing
May 8, 2026
Q1 FY2026 · Results reported
EPS $0.55 · Revenue $155.11M
View filing
Feb 27, 2026
FY2025 · Annual results
EPS $3.49 · Revenue $681.55M
View filing
Nov 7, 2025
Q3 FY2025 · Results reported
EPS $0.90 · Revenue $182.01M
View filing
Aug 8, 2025
Q2 FY2025 · Results reported
EPS $1.03 · Revenue $173.47M
View filing
May 9, 2025
Q1 FY2025 · Results reported
EPS $0.32 · Revenue $152.39M
View filing

Financial Statements of WLDN

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$681.6M	+20.5%	+48.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$52.6M	+132.9%	+185.4%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+37.5%	+4.7%	-7.0%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+6.5%	+16.9%	+81.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+7.7%	+93.3%	+91.6%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$70.7M	+11.1%	+260.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+10.4%	-7.8%	+207.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	22.7%	-50.6%	+13.7%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.56x	-9.0%	-18.1%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$544.2M	+17.1%	+24.1%

Actual vs Estimate

A Jan 2Q Jul 3

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	3.49 vs 4.12	-15.4%	1.58 vs 1.30	+21.9%
Revenue Surprise	$681.6M vs $364.6M	+86.9%	$231.0M vs $102.3M	+125.9%

Insider Transactions of WLDN

Acquisitions (A)

Since May 14, 2026

Disposals (D)

Since May 14, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Jun 17, 2026	Shahidehpour Mohammad	director	Common Stock	A	1,241	—
Jun 17, 2026	Downes Cynthia	director	Common Stock	A	1,241	—
Jun 17, 2026	REDER WANDA KAY	director	Common Stock	A	1,241	—
Jun 17, 2026	McGinn Dennis V	director	Common Stock	A	1,241	—
Jun 17, 2026	Cohen Steven A	director	Common Stock	A	1,241	—

Earnings Call Transcript of WLDN

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Greetings. Welcome to the Willdan Group second quarter fiscal year 2026 financial results conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to Al Kaschalk. Thank you. You may begin. Al Kaschalk: Thank you, Cleo. Good afternoon, everyone, and welcome to Willdan Group's second quarter 2026 earnings call. Joining our call today are Mike Bieber, President and CEO, and Kim Early, Executive Vice President and CFO. Our conference call remarks will include both GAAP and non-GAAP financial results. Reconciliations between GAAP and non-GAAP measures can be found in today's press release and in the presentation slides, all of which are available on our website. Please note that year-over-year commentary or variances on revenue, adjusted EBITDA, and adjusted EPS discussed during our prepared remarks are on an actual basis unless otherwise specified. We will make forward-looking statements about our performance. These statements are based on how we see things today. While we may elect to update these forward-looking statements at some time in the future, we do not undertake any obligation to do so. As described in our SEC filings, actual results may differ materially due to risks and uncertainties. With that, I'll hand the call over to Mike, who will begin on slide two. Mike Bieber: Thanks, Al, and good afternoon to everyone on the call. We had a very strong second quarter, capping a strong first half and continuing the momentum we've built across the business. Demand remains healthy. Execution was strong, and we delivered significant growth in both revenue and profitability. In the second quarter, contract revenue increased 33% year-over-year to $231 million. Net revenue grew 23% to $117 million, and adjusted EBITDA increased 51% to a record $33 million in the quarter. GAAP earnings per share increased 53%, even faster, to $1.58, and adjusted earnings per share increased 38% to $2.07. All those growth metrics are on top of strong performance we had a year ago. Overall, the business is performing well. We're seeing strength across all of our customer groups, but commercial demand, in particular, is accelerating and expanding our addressable market. AI is adding to electric load growth and is also improving Willdan's productivity to help us solve clients' more complex problems. With a strong first half behind us and good visibility into the remainder of the year, we're raising our full-year financial targets. On slide three. When I became CEO at the beginning of 2024, I talked about our strategy to significantly increase our presence in the commercial market. We believed then that a broader customer base would add stability, create new growth opportunities, and …

Leadership Team of WLDN

5 executives

Name	Title	Compensation	Gender	Year Born	Status
Michael A. Bieber	Chief Executive Officer, Director & President	USD 1,810,511	Male	1969	Active
Creighton K. Early	Executive Vice President & Chief Financial Officer	USD 970,609	Male	1953	Active
Micah H. Chen	Executive Vice President & General Counsel	USD 925,242	Male	1972	Active
Albert Leo Kaschalk	Vice President of Investor Relations	—	Male	—	Active
Kate Nguyen	Secretary	—	Female	—	Active

Recent News of WLDN

MarketBeat7/22/2026Neutral

Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying

Sector rotation doesn't always mean money moving from sector to sector. In many cases, investors see capital moving from large-cap to small-cap stocks.

Business Wire7/15/2026Neutral

Willdan Selected by Encina Wastewater Authority for $31 Million Cogeneration Project

ANAHEIM, Calif.--(BUSINESS WIRE)---- $WLDN--Willdan Group, Inc. (NASDAQ: WLDN) announced today that they have been selected by Encina Wastewater Authority (Encina) for a $31 million design-build contract to deliver a renewable cogeneration project. This project will use renewable biogas generated from wastewater treatment to produce on-site electricity and support resilient plant operations. This high-efficiency renewable energy system will include a new biogas conditioning system, low-emission generator.

Seeking Alpha7/13/2026Neutral

Willdan Group: The Underappreciated AI Power Buildout Story

Willdan is rated Buy with a $117 price target, driven by beat-and-raise Q1 results and robust secular tailwinds in grid modernization and AI data centers. WLDN delivered a Q1 adjusted EBITDA margin of 19.6%, up 270 bps YoY, with management guiding to a high-20s% long-term margin target and FY26 adjusted EPS of $4.90–$5.05. Burton Energy's acquisition diversifies the revenue mix, boosts commercial exposure to 25%, and is accretive to 2026 margins and earnings.

Business Wire7/6/2026Neutral

Willdan Announces Date of Second Quarter 2026 Earnings Release and Conference Call

ANAHEIM, Calif.--(BUSINESS WIRE)---- $WLDN--Willdan Group, Inc. (“Willdan”) (Nasdaq: WLDN), today announced that it will release its financial results for the second quarter 2026 after the close of the stock market on Thursday, August 6, 2026. Following the release, Willdan will host its investor conference call at 5:30 p.m. EST / 2:30 p.m. PST. An online, real-time audio webcast of the quarterly investor conference call will be available on Willdan's website at: Willdan Group Q2 2026 Investor Conference.

Seeking Alpha7/4/2026Neutral

Willdan Group: Growth Still Supports The Valuation

Willdan Group is capitalizing on grid investment, energy efficiency, and data-center power demand, driving robust growth and margin expansion. WLDN's margin reset, with a high-20s adjusted EBITDA margin target, is supported by a shift toward higher-margin commercial and data center projects. Recent acquisitions—Burton Energy and APG—add recurring revenue, national scale, and exposure to AI-driven data center infrastructure demand.

Historical Employee Count of WLDN

Current

1,814

Change

+3.01%

Minimum

1,491

Maximum

1,814

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Jan 2, 2026	1,814	10-K	Feb 27, 2026	View
Dec 27, 2024	1,761	10-K	Mar 7, 2025	View
Dec 29, 2023	1,616	10-K	Mar 8, 2024	View
Dec 30, 2022	1,491	10-K	Mar 10, 2023	View
Dec 31, 2021	1,560	10-K	Mar 11, 2022	View

Related stocksEngineering & Construction

Browse all US stocks →

About UsPrivacy PolicyTerms of ServiceDisclaimerStock DirectoryETFsIndices13F HoldingsAnalyst TargetsFree ToolsTechnology MapJoin our Slack

Plutux is not an investment adviser. Market data and AI-generated analysis are for information and education only, not investment advice. Disclaimer

Willdan Group, Inc.