WLDNWilldan Group, Inc.
Services-Engineering Services
- Revenue
- $682M
- 20% YoY
- Operating margin
- 6.5%
- 17% YoY
- EBITDA
- $63M
- 36% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.1×
- $66M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear152% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear33% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2026 | YoY |
|---|---|---|---|---|---|
| Revenue | $429M | $510M | $566M | $682M | 20% |
| Operating income | −$7M | $22M | $31M | $44M | 41% |
| Net income | −$8M | $11M | $23M | $53M | 133% |
| Operating cash flow | $9M | $39M | $72M | $80M | 11% |
| Capex | $10M | $10M | $8M | $9M | 12% |
| Stock-based comp | $8M | $5M | $7M | $12M | 60% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $6M · 4
- Net
- −$6M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $4M | $11M | 156 | -36 |
| FY2024 | $2M | $5M | -8 | -34 |
| FY2023 | $2M | $3M | -48 | -35 |
| FY2022 | $2M | −$1M | -57 | -37 |
| FY2021 | $3M | $960K | -16 | -25 |