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Willdan Group, Inc. (WLDN) stock

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NASDAQ: WLDN Nasdaq Research & Consulting Services Next results ~November 5, 2026

B Fundamentals grade

Willdan Group, Inc. is a US-listed company in the research & consulting services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$140

Cash-flow model

Base case. Range ~$100–$180 across our lower- and higher-growth cases (12.8%–22.8% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 92% above it.

Price used: $72.02, November 2, 2026

Willdan Group, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 3 selling0 purchases and 10 sales by directors and officers, last 12 monthsInsider trades
  • Funds134 adding, 126 cuttingOf 41 active managers that changed their stake, 14 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Willdan Group files

Where Willdan stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $742m, up 18.1% on a year earlier, faster than the 14.9% growth a quarter earlier. That growth ranks 1 of 19 among the research & consulting services companies we cover. Free-cash-flow margin fell to 8.4% from 10.2% a year earlier. The diluted share count is up 4.9% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 5 of our 6 financial-health checks. Our cash-flow model value is $135 a share, against a share price of $77.47. At that price, our model says the market is pricing in about 8.0% a year of cash-flow growth for five years, slower than the 16.0% a year revenue growth it has delivered.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Willdan Group, Inc.'s trailing-twelve-month revenue grew 18.1% year on year, with a free-cash-flow margin of 8.4%. Where it stands out: revenue growth of 18.1% ranks 3 of 33 research & consulting services companies we cover.

Our discounted-cash-flow model values the business at ~$140 per share in the base case (~$100–$180 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 2.8% while net income grew 85.8%: a 89pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $72.02 is 92% below our value per share of $140.
  • Fast growth. Revenue grew 18.1% over the last 12 months, against a median of 4.8% for research & consulting services companies we cover.
  • Growth speeding up. The growth rate is 3.2 points higher than a quarter earlier.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 4.9% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 59% and a beta of 1.7 against the S&P 500.
  • Insiders selling. 3 insiders sold $12M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Heavily shorted. 12.3% of the shares available to trade are sold short (9.2 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
$2.07 against an average estimate of $1.22: beat by 70.4%
Revenue
$231m, up 33.2% on a year earlier
Share reaction
+16.3% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 5, 2026; average EPS estimate $1.06

Willdan Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.1%
  • 1 week+0.2%
  • 1 month-2.1%
  • This year-30.5%
  • 1 year-23.8%
  • 5 years+94.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$742M
Operating margin
7.1%
Net margin
8.8%
EPS (TTM, diluted)
$4.26

Growth

Revenue growth
+18.1%
Change in growth rate
+3.2 pts
Share count change
+4.9%

Cash

Free cash flow (TTM)
$62.3M
FCF margin
8.4%
Stock pay % of revenue
2.0%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Insider trade
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Willdan Group, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 6.6% a year of cash-flow growth for five years.That is slower than the 16.0% a year revenue growth Willdan Group has delivered.

  • Priced in6.6%
  • Last 12 months18.1%
  • 3 years a year17.6%
  • 5 years a year16.0%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($72.39, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$140
Price used
$72.39close November 3, 2026
Implied change
▲ +91%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Willdan Group, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($52.5M, FY2026 Q2 TTM), growing 19.3% and 17.5% in the next two years (forecasts, guidance and its record), then back to 17.8% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$100–~$180 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Willdan Group, Inc.'s free cash flow after stock-based pay ( $52.5M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Willdan Group, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9%: the 10-year Treasury yield (4.9%) plus a beta of 0.91 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$140 ~$100–$180 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$90 ~$87–$130 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$20 ~$13–$31 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$19 ~$17–$23 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$81 ~$19–$140 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Willdan Group, Inc. with Research & Consulting Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +31%
  • Free-cash-flow margin 1 point lower ▼ −12%
  • Last year's free-cash-flow margin change, if it persists ▼ −18%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $48$65$89$120$161$213
8.5% $36$49$66$88$117$154
10% $29$39$52$69$91$119

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$8.38$22.59$23.94$34.00$31.21$41.70$35.20$17.85$21.50$38.41$106.66$72.02
Market value$68m$193m$219m$332m$367m$492m$439m$232m$293m$547m$1.6bn$1.1bn
+ Net debt (− = net cash)−$11m−$17m−$12m$64m$139m$100m$104m$116m$82m$25m−$15m$35m
Enterprise value$57m$177m$208m$396m$506m$592m$543m$348m$375m$573m$1.6bn$1.1bn
Multiples
Price / sales 0.5x0.9x0.8x1.2x0.8x1.3x1.2x0.5x0.6x1.0x2.4x1.5x
Price / earnings 16.0x23.3x18.1x33.1x75.9x———26.8x24.2x30.6x16.9x
Price / free cash flow 12.1x9.7x24.7x60.8x73.7x11.7xn/m—10.0x8.6x22.7x17.7x
EV / EBITDA 5.9x12.0x11.7x20.9x20.4xn/m64.2x33.4x9.7x12.4x25.3x15.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

13 /100

Weak moat

How hard Willdan Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 1 / 20

    Net income has been a median 2.5% of total assets over 10 years.

  • Durability 0 / 20

    Operating margin has been a median 3.7%; its worst year was -4.2%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 9 of 10 years, at a median 4.9% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 25.1% over five years; stock-based pay has been a median 1.9% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (28 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $218m and EPS of $1.06 (range $1.04 to $1.09) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.07 +4% $827m +21%
Next $5.42 +7% $960m +16%

Next year's EPS estimate has moved +2.4% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.0% on 90 days ago. In the last 30 days, 1 analyst raised Willdan Group, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Willdan Group, Inc., last 90 days
$4.80 $5.00 $5.20 $5.40 $5.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.97 Current fiscal year, 60 days ago: $4.97 Current fiscal year, 30 days ago: $5.07 Current fiscal year, 7 days ago: $5.07 Current fiscal year, Now: $5.07 $5.07 Next fiscal year, 90 days ago: $5.30 Next fiscal year, 60 days ago: $5.30 Next fiscal year, 30 days ago: $5.42 Next fiscal year, 7 days ago: $5.42 Next fiscal year, Now: $5.42 $5.42

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.97$5.30
60 days ago $4.97$5.30
30 days ago $5.07$5.42
7 days ago $5.07$5.42
Now $5.07$5.42

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.22 $2.07 +70.4%
Mar 2026 $0.81 $0.91 +13.0%
Dec 2025 $0.79 $1.57 +98.7%
Sept 2025 $0.81 $1.21 +49.4%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Willdan Group, Inc.'s revenue by +19.3% next year and +17.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+20.4%, weight 56%) and the company's own record (+17.8%, weight 44%) . How the weights are set.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202622
  2. Sep 202622
  3. Aug 202622
  4. Jul 202622

Counts of recommendations published by analysts covering Willdan Group, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.3%
of tradable shares
Days to cover
9.23
at average volume
Short interest, 1 month
−11%
to October 15, 2026
Held by institutions
94%
of shares
Held by insiders
3.4%
of shares
Employees
1,814
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −23.8%

$94.51 on October 31, 2025 to $72.02

ThenNowEffect
Revenue (last 12 months) $628m $742m +18.1%
Net margin 5.6% 8.8% +57.3%
P/E multiple 39.3x 16.9x −56.9%
Share count 15m 15m −4.7%

Biggest factor: p/e multiple.

Last 3 years +272.2%

$19.35 on November 3, 2023 to $72.02

ThenNowEffect
Revenue (last 12 months) $456m $742m +62.6%
Net margin 0.2% 8.8% +3999.4%
P/E multiple n/m 16.9x −93.6%
Share count 13m 15m −12.8%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
WLDN−16%−49%+20%+77%+172%−31%
Industry peers (median)+38%−15%+10%−4%−15%−0%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
WLDN33%33%58%58%58%27%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
WLDN−42%−67%−34%−20%−29%−50%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 79% from February 8, 2021 to October 14, 2022. Getting back needed a 370% gain, reached on June 3, 2025, 963 days after the low.

Price behaviour

52-week range
$66.91 – $134.94
From 52-week high
−46.6%
vs 50-day average
−8.0%
vs 200-day average
−16.7%
Volatility (1 year)
59%
Beta vs S&P 500
1.66

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
9 up, 3 down
typical move ±16.0%
After a week
9 up, 3 down
typical move ±19.3%
After a month
10 up, 2 down
typical move ±21.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +16.3% +0.5% +14.3% +15.7%
May 7, 2026 +16.7% +0.5% +21.1% +30.1%
February 26, 2026 −23.9% −1.0% −29.8% −31.9%
November 6, 2025 −3.4% −1.0% −1.9% +10.1%
August 7, 2025 +29.1% +0.7% +36.7% +10.9%
May 8, 2025 +5.8% +0.6% +17.9% +42.7%
March 6, 2025 +34.3% −1.2% +28.4% +24.4%
October 31, 2024 −8.4% −1.5% −9.1% −9.0%
August 1, 2024 +9.2% −3.3% +6.4% +12.5%
May 2, 2024 +9.2% +2.2% +20.0% +11.7%
March 7, 2024 +24.0% +0.4% +38.5% +39.9%
November 2, 2023 +12.0% +2.8% +7.7% +21.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Willdan Group, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Willdan Group, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Willdan Group, Inc.
$400M $500M $600M $700M $800M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $467.7M Revenue (TTM), FY23 Q4: $510.1M Revenue (TTM), FY24 Q1: $530M Revenue (TTM), FY24 Q2: $551.9M Revenue (TTM), FY24 Q3: $577.4M Revenue (TTM), FY24 Q4: $565.8M Revenue (TTM), FY25 Q1: $595.7M Revenue (TTM), FY25 Q2: $628.2M Revenue (TTM), FY25 Q3: $651.9M Revenue (TTM), FY25 Q4: $681.6M Revenue (TTM), FY26 Q1: $684.3M Revenue (TTM), FY26 Q2: $741.8M $741.8M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $467.7M
FY23 Q4 $510.1M
FY24 Q1 $530M
FY24 Q2 $551.9M
FY24 Q3 $577.4M
FY24 Q4 $565.8M
FY25 Q1 $595.7M
FY25 Q2 $628.2M
FY25 Q3 $651.9M
FY25 Q4 $681.6M
FY26 Q1 $684.3M
FY26 Q2 $741.8M
Revenue growth, TTM YoY Willdan Group, Inc.
10% 15% 20% 25% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 14.6% Revenue growth, TTM YoY, FY23 Q4: 18.9% Revenue growth, TTM YoY, FY24 Q1: 20.5% Revenue growth, TTM YoY, FY24 Q2: 20.9% Revenue growth, TTM YoY, FY24 Q3: 23.5% Revenue growth, TTM YoY, FY24 Q4: 10.9% Revenue growth, TTM YoY, FY25 Q1: 12.4% Revenue growth, TTM YoY, FY25 Q2: 13.8% Revenue growth, TTM YoY, FY25 Q3: 12.9% Revenue growth, TTM YoY, FY25 Q4: 20.5% Revenue growth, TTM YoY, FY26 Q1: 14.9% Revenue growth, TTM YoY, FY26 Q2: 18.1% 18.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 14.6%
FY23 Q4 18.9%
FY24 Q1 20.5%
FY24 Q2 20.9%
FY24 Q3 23.5%
FY24 Q4 10.9%
FY25 Q1 12.4%
FY25 Q2 13.8%
FY25 Q3 12.9%
FY25 Q4 20.5%
FY26 Q1 14.9%
FY26 Q2 18.1%
Operating margin (TTM) Willdan Group, Inc.
3% 4% 5% 6% 7% 8% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 3.2% Operating margin (TTM), FY23 Q4: 4.3% Operating margin (TTM), FY24 Q1: 4.4% Operating margin (TTM), FY24 Q2: 5.0% Operating margin (TTM), FY24 Q3: 5.6% Operating margin (TTM), FY24 Q4: 5.5% Operating margin (TTM), FY25 Q1: 5.5% Operating margin (TTM), FY25 Q2: 6.1% Operating margin (TTM), FY25 Q3: 6.8% Operating margin (TTM), FY25 Q4: 6.5% Operating margin (TTM), FY26 Q1: 6.5% Operating margin (TTM), FY26 Q2: 7.1% 7.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 3.2%
FY23 Q4 4.3%
FY24 Q1 4.4%
FY24 Q2 5.0%
FY24 Q3 5.6%
FY24 Q4 5.5%
FY25 Q1 5.5%
FY25 Q2 6.1%
FY25 Q3 6.8%
FY25 Q4 6.5%
FY26 Q1 6.5%
FY26 Q2 7.1%
FCF margin (TTM) Willdan Group, Inc.
4% 6% 8% 10% 12% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 4.0% FCF margin (TTM), FY23 Q4: 5.7% FCF margin (TTM), FY24 Q1: 7.6% FCF margin (TTM), FY24 Q2: 7.2% FCF margin (TTM), FY24 Q3: 7.8% FCF margin (TTM), FY24 Q4: 11.3% FCF margin (TTM), FY25 Q1: 6.7% FCF margin (TTM), FY25 Q2: 10.2% FCF margin (TTM), FY25 Q3: 10.0% FCF margin (TTM), FY25 Q4: 10.4% FCF margin (TTM), FY26 Q1: 6.3% FCF margin (TTM), FY26 Q2: 8.4% 8.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 4.0%
FY23 Q4 5.7%
FY24 Q1 7.6%
FY24 Q2 7.2%
FY24 Q3 7.8%
FY24 Q4 11.3%
FY25 Q1 6.7%
FY25 Q2 10.2%
FY25 Q3 10.0%
FY25 Q4 10.4%
FY26 Q1 6.3%
FY26 Q2 8.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Willdan Group took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $682M
  2. Other income $8.4M · 1.2%
  3. Cost of revenue $426M · 62.5%
  4. Gross profit $256M · 37.5%
  5. Other operating costs $212M · 31.0%
  6. Operating income $44.1M · 6.5%
  7. Net income $52.6M · 7.7%

Shares of revenue. Source: Willdan Group's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Jan 2010 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Jan 2015 2015 Jan 2016 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Jan 2021 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Jan 2026 LTM Jul 2026
Income
Revenue 62 78 107 93 86 108 135 209 273 272 443 391 354 429 510 566 682 742
Gross profit 33 36 42 34 37 44 53 66 77 93 135 129 136 144 180 203 256 280
EBITDA −6 4 4 −19 3 9 10 15 18 19 25 3 8 10 39 46 63 73
Operating income −7 3 3 −19 3 8 8 12 14 13 9 −16 −9 −7 22 31 44 52
Net income −6 3 2 −17 3 9 4 8 12 10 5 −14 −8 −8 11 23 53 65
Diluted EPS −$0.78 $0.37 $0.24 −$2.37 $0.35 $1.22 $0.52 $0.97 $1.32 $1.03 $0.41 −$1.23 −$0.68 −$0.65 $0.80 $1.58 $3.49 $4.26
Growth (year on year)
Revenue — +26.4% +37.6% −12.8% −8.5% +26.4% +25.0% +54.7% +30.8% −0.4% +62.8% −11.8% −9.5% +21.3% +18.9% +10.9% +20.5% +18.1%
EBITDA — — +5.3% −526.2% — +174.6% +9.5% +53.8% +20.5% +6.7% +30.8% −89.9% — +23.3% +269.3% +19.7% +36.3% +31.5%
Operating income — — +10.6% −666.2% — +218.6% −9.4% +53.3% +18.7% −6.8% −26.7% −273.3% — — — +42.0% +40.8% +36.3%
Net income — — −32.7% — — +258.0% −54.8% +94.9% +46.2% −17.3% −51.7% — — — — +106.6% +132.9% +85.8%
Diluted EPS — — −35.1% — — +248.6% −57.4% +86.5% +36.1% −22.0% −60.2% — — — — +97.5% +120.9% +77.0%
Margins
Gross margin 53.2% 46.1% 39.6% 36.9% 42.8% 41.0% 39.2% 31.4% 28.1% 34.1% 30.5% 33.1% 38.4% 33.5% 35.2% 35.8% 37.5% 37.8%
EBITDA margin −9.2% 5.3% 4.1% −19.8% 3.7% 8.1% 7.1% 7.1% 6.5% 7.0% 5.6% 0.6% 2.4% 2.4% 7.5% 8.1% 9.2% 9.9%
Operating margin −12.2% 3.9% 3.2% −20.6% 3.0% 7.7% 5.6% 5.5% 5.0% 4.7% 2.1% −4.2% −2.5% −1.6% 4.3% 5.5% 6.5% 7.1%
Net margin −9.0% 3.5% 1.7% −18.5% 3.1% 8.7% 3.2% 4.0% 4.4% 3.7% 1.1% −3.7% −2.4% −2.0% 2.1% 4.0% 7.7% 8.8%
Free-cash-flow margin 2.9% −0.8% −1.0% 4.6% 1.1% 10.6% 4.2% 9.5% 3.3% 2.0% 1.1% 10.7% 0.4% −0.0% 5.7% 11.3% 10.4% 8.4%
Cash flow
Cash from operations 2 0 −1 5 1 12 8 22 11 8 12 47 10 9 39 72 80 71
Capital spending 0 1 0 0 0 0 2 2 2 2 7 5 9 10 10 8 9 9
Free cash flow 2 −1 −1 4 1 11 6 20 9 5 5 42 1 −0 29 64 71 62
Stock-based pay 0 0 0 0 0 0 1 1 3 6 12 16 17 8 5 7 12 15
Free cash flow after stock pay 1 −1 −1 4 1 11 5 19 6 −1 −7 26 −15 −9 24 56 59 48
Balance sheet
Cash 8 7 3 9 7 18 16 23 14 15 5 28 11 9 23 74 66 35
Total debt 0 1 2 7 1 0 5 6 3 79 144 128 116 124 106 100 51 70
Net debt (negative = net cash) −8 −6 −1 −2 −6 −18 −11 −17 −12 64 139 100 104 116 82 25 −15 35
Diluted shares 7m 7m 7m 7m 7m 8m 8m 9m 9m 10m 12m 12m 12m 13m 14m 14m 15m 15m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 6 checks passed · July 3, 2026
What it owns · $635m
Short-term assets $270mLonger-term assets $365m
What it owes, and who funded it · $635m
Short-term liabilities $197mLonger-term liabilities $88mShareholders' equity $350m
  • Short-term assets cover short-term liabilities $270m of assets due within a year against $197m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $270m short-term assets against $88m of longer-dated liabilities.
  • More cash than debt $35m of cash against $67m of debt.
  • Debt below 40% of shareholders' equity Debt is 19% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 48% to 19% over five years.
  • A year's operating cash flow covers at least 20% of debt $71m of operating cash flow against $67m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Willdan Group, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+4.9%
year over year
Days sales outstanding
41 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in research & consulting services
Last 12 months unless stated WLDN MG ONT CRAI RMR EXPO Median
Revenue, last 12 months $742m $748m $773m $795m $639m $632m $632m
Revenue growth, last 12 months 18.1% 4.6% −0.9% 11.5% −15.2% 12.8% 4.8%
Revenue growth, 3-year average 17.6% 2.7% 11.3% 9.3% −13.3% 5.7% 6.8%
Revenue growth, latest quarter 33.2% 4.6% −20.4% 12.8% −0.8% 20.9% 4.4%
Gross margin 37.8% 28.7% 40.4% — — — 43.9%
Operating margin 7.1% 6.1% 1.0% 10.0% 6.4% 20.2% 6.1%
Operating margin, 3-year average 6.0% 5.2% −1.8% 10.3% 5.8% 20.9% 6.0%
Net margin 8.8% 2.8% −1.4% 6.2% 3.1% 17.7% 3.1%
Cash from operations / revenue 9.6% 8.2% 9.6% −2.7% 15.4% 18.7% 9.6%
Free-cash-flow margin 8.4% 4.5% 6.7% −3.5% 14.5% 17.2% 7.4%
Free-cash-flow margin, 3-year average 8.6% 2.6% 4.1% 2.9% 9.2% 21.8% 8.6%
Stock pay / revenue 2.0% 1.0% 4.8% 0.9% 2.6% 3.0% 2.5%
Change in share count 4.9% 4.3% 18.8% −4.0% −11.7% −2.7% 0.5%

Median of all 33 companies we cover in research & consulting services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

33 research & consulting services companies
Measure Company Peer median Rank
Revenue growth Growth 18.1% 4.8% 3 of 33
Change in growth rate Growth +3.2pp +0.6pp 5 of 33
Gross margin Profitability 37.8% 45.2% 16 of 25
Operating margin Profitability 7.1% 6.1% 14 of 31
Net margin Profitability 8.8% 3.1% 9 of 33
Free-cash-flow margin Cash generation 8.4% 7.4% 15 of 33
Stock pay as % of revenue Cash generation 2.0% 2.6% 12 of 30
Long-term debt as % of assets Balance sheet 10.2% 22.7% 7 of 21
Change in share count Balance sheet 4.9% 0.6% 21 of 30
Days sales outstanding Balance sheet 41 days 63 days 6 of 29

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 2, 2026
Segments
Line of business Revenue Share YoY
Energy $576M 84.5% ▲ 21.7%
Engineering Consulting Services $106M 15.5% ▲ 14.1%

From Willdan Group, Inc.'s 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.1B
Institutions reporting
243
Shares held vs prior quarter
▲ 19.3%
Positions opened / closed
40 / 48

Top buyers and sellers, Q2 2026: 134 institutions bought and 126 sold ; the biggest buyer was Divisadero Street Capital Management, LP (+1.2M shares) and the biggest seller Two Sigma Investments, LP (−317K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $114M 1.4M 10.8% ▲ 9.2%
Divisadero Street Capital Management, LP $105M 1.3M 9.9% ▲ 702.7%
Vanguard Capital Management LLC $50.1M 633K 4.7% ▲ 3.2%
Neumeier Poma Investment Counsel LLC $41.9M 530K 4.0% ▲ 145.9%
Vanguard Portfolio Management LLC $41.7M 527K 3.9% ▲ 8.7%
Allspring Global Investments Holdings, LLC $30.5M 391K 2.9% ▲ 80.5%
Geode Capital Management, LLC $30.3M 383K 2.9% ▲ 8.2%
First Trust Advisors LP $28.6M 361K 2.7% ▲ 25.9%
Alta Fox Capital Management, LLC $28.5M 360K 2.7% New
Swedbank AB $27.7M 350K 2.6% ▲ 47.7%
State Street Corp $26.7M 337K 2.5% ▲ 7.2%
Dimensional Fund Advisors LP $25.4M 321K 2.4% ▲ 3.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Willdan Group, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $12.5M 10 trades by 3 insiders · 0% under pre-set plans
Net ▼ $12.5M net selling
Insider Date Trade Shares Price Value
Brisbin Thomas Donald Director September 15, 2026 Sell 4,005 $79.01 $316,435
Brisbin Thomas Donald Director September 15, 2026 Sell 900 $80.91 $72,819
Brisbin Thomas Donald Director September 8, 2026 Sell 3,439 $88.19 $303,285
Brisbin Thomas Donald Director September 3, 2026 Sell 58,757 $88.14 $5.2M
Bieber Michael A PRESIDENT AND CEO May 14, 2026 Sell 25,429 $90.88 $2.3M
Bieber Michael A PRESIDENT AND CEO May 14, 2026 Sell 7,956 $92.65 $737,123
Bieber Michael A PRESIDENT AND CEO May 14, 2026 Sell 23,015 $91.95 $2.1M
Bieber Michael A PRESIDENT AND CEO May 14, 2026 Sell 276 $93.74 $25,872
Bieber Michael A PRESIDENT AND CEO May 13, 2026 Sell 9,991 $92.65 $925,666
Cohen Steven A Director March 6, 2026 Sell 6,000 $81.82 $490,920

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 26, 2026
  • November 6, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Willdan Group, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Willdan Group, Inc. in brief

What does Willdan Group, Inc. do?
Willdan Group, Inc. is a US-listed company in the research & consulting services industry. Its financial year ends in December.
What is Willdan Group, Inc.'s stock ticker?
Willdan Group, Inc. trades under the ticker WLDN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Willdan Group, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Willdan Group, Inc. reported revenue of $742M, 18.1% higher than a year earlier, according to its SEC filings.
What is Willdan Group, Inc.'s free cash flow?
Willdan Group, Inc.'s free-cash-flow margin is 8.4% of revenue over the trailing twelve months, ranking 15 of the 33 research & consulting services companies we cover.
What is Willdan Group, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Willdan Group, Inc.'s free cash flow after stock-based pay gives ~$140 per share in the base case, and ~$100–$180 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Willdan Group, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Divisadero Street Capital Management, LP and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Willdan Group, Inc.'s market cap?
On November 2, 2026, Willdan Group, Inc.'s market capitalisation was about $1.1B, with a price-to-earnings ratio of 16.9 and net debt of $34.9M. Market figures come from third-party market data and may be delayed.
How much debt does Willdan Group, Inc. have?
Willdan Group, Inc.'s debt-to-equity ratio is 19.2%, from its latest balance sheet (47.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Willdan Group, Inc.'s competitors?
In our Research & Consulting Services peer group, the companies closest to Willdan Group, Inc. are Mistras Group, Inc., Onterris, Inc., CRA International, Inc., RMR Group Inc. and Exponent Inc. The side-by-side comparison below sets their revenue, margins and growth against Willdan Group, Inc.'s.
Are insiders buying or selling Willdan Group, Inc. stock?
Over the last 12 months, Willdan Group, Inc.'s directors and officers reported 0 open-market purchases and 10 sales on Form 4. The insider trading page charts every trade.
When is Willdan Group, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Willdan Group, Inc. announces its own schedule.