Willdan Group, Inc.
Rank #135HypergrowthWLDN · Nasdaq · Industrials
Willdan Group, Inc. (WLDN) — Rank #135 by gross profitability (GP/assets 0.40) · ROE 15.0% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0001370450 · all metrics point-in-time as of the filing date.
About
Willdan Group, Inc., a technical services company, focuses on the provision of energy and infrastructure solutions in the United States and Canada.
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The company operates in two segments: Energy, and Engineering and Consulting. The Energy segment offers in-depth energy planning studies, economic analysis, modeling and forecasting software, decarbonization, program design and implementation, energy efficiency, turnkey energy and infrastructure projects, grid modernization, and utility-scale electrical engineering and construction management services. It serves investor-owned and municipal utilities, as well as investors and hyperscalers, and state and local governments. The Engineering and Consulting segment provides municipal and civil engineering, building and safety, code enforcement, fire plan and inspection, city engineering, construction management, design engineering, planning, and financial and municipal advisory services. It serves state and local governments, school districts, and utility districts.
The company was founded in 1964 and is headquartered in Anaheim, California.
- Industry
- Engineering & Construction
- Sector
- Industrials
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- January 1
- Website
- willdan.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$1.19B
P/E (annual)
22.4
P/S (annual)
1.7
P/B
3.4
P/OCF (annual)
14.9
Shareholder Yield
-76.0%
Employees
1,814
Industry
Engineering & Construction
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
5.2%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 76.0% — per-share value needs a total required return of 81.2% once share-count change is priced in.
vs. own 6-year median revenue growth: 25.7%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
1.1%
r = 10% (base)
5.2%
r = 12%
8.8%
Net debt / market cap: 2.8%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Disclosure regression check
2 previously-disclosed line items are no longer reported. Worth checking the filing for why.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.40
Primary signal (Novy-Marx).
3rd of 5 SIC 87 peers
Return on equity
15.0%
Gross margin
37.5%
4th of 5 SIC 87 peers
Revenue growth (YoY)
226.2%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2015 | 2016 | 2016 | 2017 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.81
1st of 5 SIC 87 peers (best = lowest)
Current ratio
1.37×
5th of 5 SIC 87 peers
Quick ratio
0.61×
Net cash
-$32.38M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$70.70M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.35
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.7%
Stock-based comp intensity.
Piotroski F-Score
F-Score
N/A
Only 8/9 components determinable.