Great Lakes Dredge & Dock Corporation (GLDD) Income Statement
GLDD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGLDD revenue and net income
Where GLDD's revenue goes
2025Each bar shows an amount and its share of revenue. GLDD kept 8.3% of revenue as net income.
GLDD profit margins
GLDD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +16.5% | +11.0% | +3.9% | +0.4% |
| Gross profit | +26.7% | +86.9% | +3.5% | +7.8% |
| Operating income | +35.2% | — | +2.3% | +18.5% |
| Net income | +28.3% | — | +2.1% | — |
| EPS (diluted) | +42.9% | — | +3.5% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GLDD quarterly EPS vs estimates
Great Lakes Dredge & Dock beat the analyst EPS estimate in 7 of the last 8 quarters.
GLDD income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $888.3M | $762.7M | $589.6M | $648.8M | $726.1M | $733.6M | $711.5M | $620.8M | $592.2M | $767.6M |
| Cost of revenue | $684.8M | $602.1M | $511.9M | $617.6M | $580.9M | $562.4M | $557.8M | $500.3M | $526.5M | $552.1M |
| Gross profit | $203.5M | $160.6M | $77.7M | $31.2M | $145.3M | $171.2M | $153.8M | $120.5M | $65.7M | $86.4M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $78.0M | $70.8M | $57.1M | $51.1M | $62.1M | $62.8M | $59.1M | $55.1M | $57.2M | $55.3M |
| Total operating expenses | $78.0M | $67.8M | $49.5M | $58.9M | $61.8M | $59.5M | $55.6M | $67.9M | $85.0M | $58.4M |
| Operating income | $125.5M | $92.8M | $28.2M | −$27.7M | $83.4M | $111.8M | $98.1M | $52.6M | −$19.3M | $27.0M |
| Interest income | — | — | — | — | — | — | $27.5M | $33.6M | $27.5M | $25.8M |
| Interest expense | $16.8M | $17.9M | $12.1M | $14.1M | $21.6M | $26.6M | $27.5M | $33.6M | $28.4M | $23.5M |
| Income before taxes | $100.3M | $75.4M | $18.3M | −$43.4M | $62.8M | $86.3M | $70.9M | $16.5M | −$49.1M | $365,000 |
| Income taxes | $26.9M | $18.1M | $4.4M | −$9.4M | $13.4M | $20.2M | $15.3M | $5.4M | −$33.8M | −$177,000 |
| Net income | $73.5M | $57.3M | $13.9M | −$34.1M | $49.4M | $66.1M | $49.3M | −$6.3M | −$31.3M | −$8.2M |
| EBITDA | $160.5M | $136.0M | $73.0M | $17.0M | $127.4M | $149.4M | $133.4M | $100.4M | $35.2M | $78.7M |
| EPS (diluted) | $1.20 | $0.84 | $0.21 | −$0.51 | $0.74 | $1.01 | $0.87 | $0.02 | −$0.22 | −$0.01 |
| Gross margin | 22.9% | 21.1% | 13.2% | 4.8% | 20.0% | 23.3% | 21.6% | 19.4% | 11.1% | 11.3% |
| Operating margin | 14.1% | 12.2% | 4.8% | −4.3% | 11.5% | 15.2% | 13.8% | 8.5% | −3.3% | 3.5% |
| Net margin | 8.3% | 7.5% | 2.4% | −5.2% | 6.8% | 9.0% | 6.9% | −1.0% | −5.3% | −1.1% |
| Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $256.5M | $195.2M | $193.8M | $242.9M | $202.8M | $191.2M | $170.1M | $198.7M | $181.7M | $117.2M | $132.7M | $158.0M |
| Cost of revenue | $202.8M | $151.4M | $157.2M | $173.3M | $153.8M | $154.9M | $140.2M | $153.1M | $143.1M | $108.2M | $114.8M | $145.9M |
| Gross profit | $53.6M | $43.8M | $36.6M | $69.5M | $48.9M | $36.2M | $29.8M | $45.6M | $38.7M | $9.0M | $17.9M | $12.1M |
| Sales, general & admin | $20.9M | $17.6M | $19.5M | $20.0M | $18.7M | $19.8M | $16.2M | $16.1M | $15.4M | $14.2M | $14.5M | $13.0M |
| Total operating expenses | $23.3M | $15.6M | $19.5M | $19.6M | $18.9M | $19.5M | $15.3M | $14.1M | $8.1M | $14.2M | $14.2M | $13.0M |
| Operating income | $30.3M | $28.1M | $17.1M | $49.9M | $30.0M | $16.7M | $14.6M | $31.5M | $30.5M | −$5.1M | $3.7M | −$864,000 |
| Interest expense | $30.0M | $4.6M | $4.2M | $4.5M | $4.9M | $4.9M | $4.2M | $3.9M | $2.8M | $2.8M | $3.2M | $3.4M |
| Income before taxes | $18.2M | $23.8M | $13.1M | $45.1M | $24.9M | $12.0M | $10.5M | $28.0M | $27.8M | −$8.0M | $2.5M | −$4.0M |
| Income taxes | $5.6M | $6.1M | $3.4M | $11.7M | $5.1M | $3.2M | $2.8M | $7.0M | $6.2M | −$1.8M | $796,000 | −$791,000 |
| Net income | $12.6M | $17.7M | $9.7M | $33.4M | $19.7M | $8.9M | $7.7M | $21.0M | $21.6M | −$6.2M | $1.7M | −$3.2M |
| EBITDA | $59.6M | $40.2M | $28.0M | $60.1M | $49.3M | $27.0M | $25.8M | $42.9M | $40.8M | $5.3M | $16.6M | $10.2M |
| EPS (diluted) | $0.30 | $0.26 | $0.15 | $0.49 | $0.29 | $0.13 | $0.11 | $0.31 | $0.32 | −$0.09 | $0.03 | −$0.05 |
| Gross margin | 20.9% | 22.4% | 18.9% | 28.6% | 24.1% | 19.0% | 17.5% | 22.9% | 21.3% | 7.7% | 13.5% | 7.7% |
| Operating margin | 11.8% | 14.4% | 8.8% | 20.6% | 14.8% | 8.7% | 8.6% | 15.8% | 16.8% | −4.4% | 2.8% | −0.5% |
| Net margin | 4.9% | 9.1% | 5.0% | 13.8% | 9.7% | 4.6% | 4.5% | 10.6% | 11.9% | −5.3% | 1.3% | −2.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GLDD's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GLDD financial results
In fiscal year 2025 (ended December 31, 2025), Great Lakes Dredge & Dock reported revenue of $888.3 million, up 16.5% from the year before. It had net income of $73.5 million (up 28.3%), a net profit margin of 8.3%. Diluted earnings per share came to $1.20. Over five years revenue grew at an average rate of 3.9% a year.
See the GLDD stock overview for the latest quote and news, or the GLDD chart for price history and technical indicators.
GLDD income statement FAQ
What is Great Lakes Dredge & Dock's annual revenue?
Great Lakes Dredge & Dock reported total revenue of $888.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 16.5% from $762.7 million the previous year.
Is Great Lakes Dredge & Dock profitable?
Yes. Great Lakes Dredge & Dock reported net income of $73.5 million in fiscal 2025, a net profit margin of 8.3%; its operating margin was 14.1%.
What is Great Lakes Dredge & Dock's gross margin?
Great Lakes Dredge & Dock's gross margin was 22.9% in fiscal 2025: for every $100 of revenue, Great Lakes Dredge & Dock kept $23 after the direct cost of its products and services.
How fast is Great Lakes Dredge & Dock growing?
Revenue grew 3.9% a year on average over the last five fiscal years, from $733.6 million to $888.3 million.
What are Great Lakes Dredge & Dock's earnings per share?
Great Lakes Dredge & Dock earned $1.20 per diluted share in fiscal 2025, compared with $0.84 a year earlier.
When does Great Lakes Dredge & Dock's fiscal year end?
Great Lakes Dredge & Dock's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.