GLDD · Great Lakes Dredge & Dock Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $888.28M | $762.69M | $589.63M | $648.78M | $726.15M | $733.60M |
| Cost of Revenue | $684.79M | $602.12M | $511.89M | $617.61M | $580.88M | $562.37M |
| Gross Profit | $203.49M | $160.58M | $77.73M | $31.17M | $145.27M | $171.23M |
| R&D | - | - | - | - | - | - |
| SG&A | $77.97M | $70.77M | $57.06M | $51.12M | $62.13M | $62.76M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $43.42M | $42.70M | $42.52M | $46.27M | $43.02M | $38.18M |
| Operating Income | $127.79M | $92.81M | $28.22M | ($27.74M) | $83.43M | $111.77M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $26.85M | $18.12M | $4.41M | ($9.36M) | $13.39M | $20.19M |
| Net Income | $73.47M | $57.27M | $13.91M | ($34.05M) | $49.43M | $66.10M |
| EPS - Basic | $1.10 | $0.85 | $0.21 | ($0.52) | $0.75 | $1.02 |
| EPS - Diluted | $1.08 | $0.84 | $0.21 | ($0.52) | $0.75 | $1.00 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $13.36M | $10.22M | $22.84M | $6.55M | $145.46M | $216.51M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | $27.93M | $29.87M | $33.91M | $29.23M | $30.76M | $34.69M |
| Accounts Payable | $109.49M | $101.31M | $83.83M | $94.08M | $85.57M | $71.31M |
| Current Assets | $217.44M | $263.42M | $226.33M | $182.84M | $327.43M | $362.69M |
| Total Assets | $1.29B | $1.26B | $1.11B | $981.78M | $997.67M | $958.02M |
| Current Liabilities | $215.82M | $216.01M | $179.44M | $160.33M | $154.74M | $176.29M |
| Long-term Debt | $378.17M | $448.22M | $412.07M | $321.52M | $320.97M | $323.74M |
| Total Liabilities | $768.61M | $806.19M | $725.29M | $613.56M | $598.67M | $611.36M |
| Stockholders' Equity | $517.14M | $448.91M | $385.55M | $368.22M | $399.00M | $346.67M |
| Retained Earnings | $200.95M | $127.48M | $70.22M | $56.31M | $90.37M | $40.94M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $246.68M | $70.06M | $47.42M | $1.65M | $49.01M | $78.95M |
| Investing Cash Flow | ($144.61M) | ($115.69M) | ($120.14M) | ($140.91M) | ($112.20M) | ($43.17M) |
| Financing Cash Flow | ($98.92M) | $32.09M | $89.93M | ($1.66M) | ($5.86M) | ($6.26M) |
| CapEx | $147.22M | $125.14M | $150.84M | $143.01M | $116.66M | $47.62M |
| Free Cash Flow | $99.46M | ($55.08M) | ($103.42M) | ($141.35M) | ($67.65M) | $31.33M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 22.9% | 21.1% | 13.2% | 4.8% | 20.0% | 23.3% |
| Operating margin | 14.4% | 12.2% | 4.8% | -4.3% | 11.5% | 15.2% |
| EBITDA margin | 19.3% | 17.8% | 12.0% | 2.9% | 17.4% | 20.4% |
| Net margin | 8.3% | 7.5% | 2.4% | -5.2% | 6.8% | 9.0% |
| Free cash flow margin | 11.2% | -7.2% | -17.5% | -21.8% | -9.3% | 4.3% |
| FCF / Net income | 1.35 | -0.96 | -7.44 | 4.15 | -1.37 | 0.47 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 8.8% | 9.3% | 9.7% | 7.9% | 8.6% | 8.6% |
| Effective tax rate | 26.8% | 24.0% | 24.1% | - | 21.3% | 23.4% |
| Return on assets | 5.7% | 4.6% | 1.3% | -3.5% | 5.0% | 6.9% |
| Return on equity | 14.2% | 12.8% | 3.6% | -9.2% | 12.4% | 19.1% |
| Return on invested capital | 10.5% | 7.9% | 2.7% | -3.2% | 9.1% | 12.8% |
| Liquidity | ||||||
| Current ratio | 1.01 | 1.22 | 1.26 | 1.14 | 2.12 | 2.06 |
| Quick ratio | 0.88 | 1.08 | 1.07 | 0.96 | 1.92 | 1.86 |
| Cash ratio | 0.06 | 0.05 | 0.13 | 0.04 | 0.94 | 1.23 |
| Leverage | ||||||
| Debt / Equity | 0.73 | 1.00 | 1.07 | 0.87 | 0.80 | 0.93 |
| Debt / Assets | 0.29 | 0.36 | 0.37 | 0.33 | 0.32 | 0.34 |
| Debt / EBITDA | 2.21 | 3.31 | 5.82 | 17.34 | 2.54 | 2.16 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.49 | 2.80 | 2.88 | 2.67 | 2.50 | 2.76 |
| Liabilities / Assets | 0.60 | 0.64 | 0.65 | 0.62 | 0.60 | 0.64 |
| Efficiency | ||||||
| Asset turnover | 0.69 | 0.61 | 0.53 | 0.66 | 0.73 | 0.77 |
| Inventory turnover | 24.52 | 20.16 | 15.09 | 21.13 | 18.88 | 16.21 |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | 15d | 18d | 24d | 17d | 19d | 23d |
| Days payable outstanding | 58d | 61d | 60d | 56d | 54d | 46d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 12.1x | 13.4x | 36.6x | - | 21.0x | 13.2x |
| P / B | 1.7x | 1.7x | 1.3x | 1.1x | 2.6x | 2.5x |
| P / S | 1.0x | 1.0x | 0.9x | 0.6x | 1.4x | 1.2x |
| EV / EBITDA | 7.3x | 8.9x | 12.8x | 38.2x | 9.6x | 6.5x |
| Growth | ||||||
| Revenue growth (YoY) | 16.5% | 29.4% | -9.1% | -10.7% | -1.0% | 3.1% |
| Revenue CAGR (3y) | 11.0% | 1.7% | -7.0% | -3.0% | 4.4% | 1.5% |
| Revenue CAGR (5y) | 3.9% | 1.4% | -1.5% | -1.6% | -1.1% | -3.1% |
| Gross profit growth (YoY) | 26.7% | 106.6% | 149.4% | -78.5% | -15.2% | 11.4% |
| Operating income growth (YoY) | 37.7% | 228.9% | - | - | -25.4% | 13.9% |
| Net income growth (YoY) | 28.3% | 311.8% | - | - | -25.2% | 34.0% |
| EPS growth (YoY) | 28.6% | 300.0% | - | - | -25.0% | 31.6% |
| EPS CAGR (3y) | - | 3.8% | -40.6% | - | - | - |
| EPS CAGR (5y) | 1.6% | 2.0% | - | - | - | - |
| FCF growth (YoY) | - | 46.7% | 26.8% | -108.9% | - | -78.1% |
| FCF CAGR (5y) | 26.0% | - | - | - | - | - |
| Book value growth (YoY) | 15.2% | 16.4% | 4.7% | -7.7% | 15.1% | 24.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$888.28M totalDredging$858.05M · 96.6%
Offshore Energy$30.23M · 3.4%
Product / service
$883.85M totalCapital$441.06M · 49.9%
Beach Nourishment$281.60M · 31.9%
Maintenance$135.39M · 15.3%
Use Of Equipment$25.80M · 2.9%
Geographic
$858.05M totalFederal Government$422.54M · 49.2%
Private$319.67M · 37.3%
State And Local Government$115.84M · 13.5%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.41
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
8/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Heavy Construction Other Than Bldg Const - Contractors
Comparing Great Lakes Dredge & Dock CORP against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Dec 19, 2012 | $0.2500 |
| Sep 5, 2012 | $0.0210 |
| Jun 6, 2012 | $0.0210 |
| Mar 7, 2012 | $0.0210 |
| Dec 7, 2011 | $0.0210 |
| Sep 7, 2011 | $0.0210 |
| Jun 8, 2011 | $0.0210 |
| Mar 9, 2011 | $0.0170 |
| Dec 8, 2010 | $0.0170 |
| Sep 8, 2010 | $0.0170 |
| Jun 9, 2010 | $0.0170 |
| Mar 10, 2010 | $0.0170 |
| Dec 9, 2009 | $0.0170 |
| Sep 9, 2009 | $0.0170 |
| Jun 9, 2009 | $0.0170 |
| Mar 20, 2009 | $0.0170 |
| Dec 8, 2008 | $0.0170 |
| Sep 4, 2008 | $0.0170 |
| Jun 12, 2008 | $0.0170 |
| Feb 14, 2008 | $0.0170 |
| Nov 15, 2007 | $0.0170 |