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 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $195.21M | $193.75M | $242.87M | - | $191.17M | $170.09M | $198.66M | - | $117.19M |
| Cost of Revenue | - | $151.44M | $157.19M | $173.34M | - | $154.94M | $140.25M | $153.09M | - | $108.16M |
| Gross Profit | - | $43.76M | $36.57M | $69.52M | - | $36.23M | $29.84M | $45.57M | - | $9.03M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $17.55M | $19.48M | $20.04M | - | $19.82M | $16.16M | $16.11M | - | $14.19M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | $10.53M | - | - | - | $11.02M | - | - |
| Operating Income | - | $28.14M | $17.09M | $49.95M | - | $16.69M | $14.59M | $31.48M | - | ($5.12M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | $6.13M | $3.42M | $11.71M | - | $3.15M | $2.84M | $6.99M | - | ($1.81M) |
| Net Income | - | $17.72M | $9.70M | $33.42M | - | $8.85M | $7.67M | $21.02M | - | ($6.15M) |
| EPS - Basic | - | $0.27 | $0.15 | $0.50 | - | $0.13 | $0.11 | $0.32 | - | ($0.09) |
| EPS - Diluted | - | $0.13 | $0.14 | $0.49 | - | - | $0.11 | $0.31 | - | ($0.09) |
Balance Sheet
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $13.36M | $12.67M | $2.92M | $11.34M | $10.22M | $12.04M | $23.13M | $22.80M | $22.84M | $14.09M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $27.93M | $27.05M | $26.59M | $26.08M | $29.87M | $34.96M | $31.95M | $32.04M | $33.91M | $32.30M |
| Accounts Payable | $109.49M | $89.50M | $99.16M | $90.35M | $101.31M | $94.61M | $90.45M | $89.60M | $83.83M | $74.32M |
| Current Assets | $217.44M | $229.84M | $221.97M | $257.62M | $263.42M | $214.73M | $219.27M | $211.18M | $226.33M | $167.94M |
| Total Assets | $1.29B | $1.27B | $1.24B | $1.23B | $1.26B | $1.15B | $1.13B | $1.10B | $1.11B | $1.02B |
| Current Liabilities | $215.82M | $191.68M | $192.30M | $193.07M | $216.01M | $177.72M | $165.76M | $168.50M | $179.44M | $164.38M |
| Long-term Debt | $378.17M | $415.32M | $419.62M | $413.92M | $448.22M | $412.53M | $411.48M | $382.21M | $412.07M | $321.93M |
| Total Liabilities | $768.61M | $765.63M | $759.78M | $753.50M | $806.19M | $719.93M | $709.64M | $686.05M | $725.29M | $654.32M |
| Stockholders' Equity | $517.14M | $502.11M | $481.87M | $479.94M | $448.91M | $425.41M | $418.02M | $409.04M | $385.55M | $365.97M |
| Retained Earnings | $200.95M | $188.32M | $170.60M | $160.90M | $127.48M | $107.77M | $98.92M | $91.24M | $70.22M | $48.66M |
Cash Flow
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | $60.85M | - | - | - | $38.44M | - | - |
| Investing Cash Flow | - | - | - | ($20.72M) | - | - | - | ($8.27M) | - | - |
| Financing Cash Flow | - | - | - | ($39.02M) | - | - | - | ($30.21M) | - | - |
| CapEx | - | - | - | $21.25M | - | - | - | $11.91M | - | - |
| Free Cash Flow | - | - | - | $39.60M | - | - | - | $26.53M | - | - |
Ratios
| Metric | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 22.4% | 18.9% | 28.6% | - | 19.0% | 17.5% | 22.9% | - | 7.7% |
| Operating margin | - | 14.4% | 8.8% | 20.6% | - | 8.7% | 8.6% | 15.8% | - | -4.4% |
| EBITDA margin | - | - | - | 24.9% | - | - | - | 21.4% | - | - |
| Net margin | - | 9.1% | 5.0% | 13.8% | - | 4.6% | 4.5% | 10.6% | - | -5.3% |
| Free cash flow margin | - | - | - | 16.3% | - | - | - | 13.4% | - | - |
| FCF / Net income | - | - | - | 1.19 | - | - | - | 1.26 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 9.0% | 10.1% | 8.3% | - | 10.4% | 9.5% | 8.1% | - | 12.1% |
| Effective tax rate | - | 25.7% | 26.1% | 25.9% | - | 26.3% | 27.0% | 24.9% | - | - |
| Return on assets | - | 1.4% | 0.8% | 2.7% | - | 0.8% | 0.7% | 1.9% | - | -0.6% |
| Return on equity | - | 3.5% | 2.0% | 7.0% | - | 2.1% | 1.8% | 5.1% | - | -1.7% |
| Return on invested capital | - | 2.3% | 1.4% | 4.1% | - | 1.5% | 1.3% | 3.0% | - | -0.6% |
| Liquidity | ||||||||||
| Current ratio | 1.01 | 1.20 | 1.15 | 1.33 | 1.22 | 1.21 | 1.32 | 1.25 | 1.26 | 1.02 |
| Quick ratio | 0.88 | 1.06 | 1.02 | 1.20 | 1.08 | 1.01 | 1.13 | 1.06 | 1.07 | 0.83 |
| Cash ratio | 0.06 | 0.07 | 0.02 | 0.06 | 0.05 | 0.07 | 0.14 | 0.14 | 0.13 | 0.09 |
| Leverage | ||||||||||
| Debt / Equity | 0.73 | 0.83 | 0.87 | 0.86 | 1.00 | 0.97 | 0.98 | 0.93 | 1.07 | 0.88 |
| Debt / Assets | 0.29 | 0.33 | 0.34 | 0.34 | 0.36 | 0.36 | 0.36 | 0.35 | 0.37 | 0.32 |
| Debt / EBITDA | - | - | - | 6.84 | - | - | - | 8.99 | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.49 | 2.52 | 2.58 | 2.57 | 2.80 | 2.69 | 2.70 | 2.68 | 2.88 | 2.79 |
| Liabilities / Assets | 0.60 | 0.60 | 0.61 | 0.61 | 0.64 | 0.63 | 0.63 | 0.63 | 0.65 | 0.64 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.15 | 0.16 | 0.20 | - | 0.17 | 0.15 | 0.18 | - | 0.11 |
| Inventory turnover | - | 5.60 | 5.91 | 6.65 | - | 4.43 | 4.39 | 4.78 | - | 3.35 |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | 65d | 62d | 55d | - | 82d | 83d | 76d | - | 109d |
| Days payable outstanding | - | 216d | 230d | 190d | - | 223d | 235d | 214d | - | 251d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | 92.2x | 87.1x | 17.8x | - | - | 79.8x | 28.2x | - | - |
| P / B | - | 1.6x | 1.7x | 1.2x | - | 1.7x | 1.4x | 1.4x | - | 1.4x |
| P / S | - | 4.1x | 4.2x | 2.5x | - | 3.7x | 3.5x | 3.0x | - | 4.5x |
| EV / EBITDA | - | - | - | 16.5x | - | - | - | 22.4x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 2.1% | 13.9% | 22.3% | - | 63.1% | 28.2% | 25.7% | - | -26.0% |
| Revenue CAGR (3y) | - | 7.2% | 9.0% | 7.7% | - | 4.3% | 0.0% | 3.8% | - | -12.7% |
| Revenue CAGR (5y) | - | 2.1% | 2.9% | 2.2% | - | 2.4% | -1.6% | 0.6% | - | -6.4% |
| Gross profit growth (YoY) | - | 20.8% | 22.5% | 52.5% | - | 301.3% | 66.7% | 275.6% | - | 137.7% |
| Operating income growth (YoY) | - | 68.6% | 17.2% | 58.7% | - | - | 296.3% | - | - | 45.8% |
| Net income growth (YoY) | - | 100.2% | 26.4% | 58.9% | - | - | 342.8% | - | - | 37.9% |
| EPS growth (YoY) | - | - | 27.3% | 58.1% | - | - | 266.7% | - | - | 40.0% |
| EPS CAGR (3y) | - | - | - | 42.3% | - | - | 54.2% | 33.6% | - | - |
| EPS CAGR (5y) | - | -7.3% | 0.0% | -1.2% | - | - | -3.3% | 2.8% | - | - |
| FCF growth (YoY) | - | - | - | 49.3% | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | 13.2% | - | - | - | -23.4% | - | - |
| Book value growth (YoY) | 15.2% | 18.0% | 15.3% | 17.3% | 16.4% | 16.2% | 13.4% | 12.4% | 4.7% | -7.8% |
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%
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 |