Willdan Group, Inc. (WLDN) Income Statement
WLDN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsWLDN revenue and net income
Where WLDN's revenue goes
2025Each bar shows an amount and its share of revenue. WLDN kept 7.7% of revenue as net income.
WLDN profit margins
WLDN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +20.5% | +16.7% | +11.8% | +17.6% |
| Gross profit | +26.1% | +21.2% | +14.6% | +17.0% |
| Operating income | +40.8% | — | — | +19.3% |
| Net income | +132.9% | — | — | +28.6% |
| EPS (diluted) | +87.2% | +79.3% | +31.0% | +24.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WLDN quarterly EPS vs estimates
Willdan beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.84).
WLDN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $681.6M | $565.8M | $510.1M | $429.1M | $353.8M | $391.0M | $443.1M | $272.3M | $273.4M | $208.9M |
| Cost of revenue | $425.9M | $363.0M | $330.3M | $285.6M | $217.9M | $261.6M | $308.1M | $179.3M | $196.7M | $143.3M |
| Gross profit | $255.7M | $202.8M | $179.8M | $143.6M | $135.9M | $129.4M | $135.0M | $93.0M | $76.7M | $65.7M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $211.5M | $171.4M | $141.3M | $133.2M | $127.4M | $97.8M | $87.0M | $57.1M | $43.9M | $36.4M |
| Total operating expenses | $211.5M | $171.4M | $157.7M | $150.6M | $144.6M | $145.6M | $125.6M | $80.2M | $63.0M | $54.1M |
| Operating income | $44.1M | $31.4M | $22.1M | −$7.1M | −$8.7M | −$16.2M | $9.4M | $12.8M | $13.7M | $11.5M |
| Interest expense | $5.7M | $7.8M | $9.4M | $5.3M | $3.9M | $5.1M | $4.9M | $700,000 | $111,000 | $179,000 |
| Income before taxes | $40.0M | $26.7M | $14.6M | −$11.5M | −$12.4M | −$19.7M | $4.7M | $12.2M | $13.7M | $11.4M |
| Income taxes | −$12.6M | $4.1M | $3.7M | −$3.0M | −$4.0M | −$5.2M | −$185,000 | $2.1M | $1.6M | $3.1M |
| Net income | $52.6M | $22.6M | $10.9M | −$8.4M | −$8.4M | −$14.5M | $4.8M | $10.0M | $12.1M | $8.3M |
| EBITDA | $64.4M | $49.2M | $40.4M | $11.4M | $8.6M | $4.1M | $25.0M | $19.1M | $17.9M | $14.8M |
| EPS (diluted) | $4.55 | $2.43 | $1.75 | $0.79 | $1.46 | $1.18 | $2.27 | $1.54 | $1.27 | $0.96 |
| Gross margin | 37.5% | 35.8% | 35.2% | 33.5% | 38.4% | 33.1% | 30.5% | 34.1% | 28.1% | 31.4% |
| Operating margin | 6.5% | 5.5% | 4.3% | −1.6% | −2.5% | −4.2% | 2.1% | 4.7% | 5.0% | 5.5% |
| Net margin | 7.7% | 4.0% | 2.1% | −2.0% | −2.4% | −3.7% | 1.1% | 3.7% | 4.4% | 4.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $231.0M | $155.1M | $173.7M | $182.0M | $173.5M | $152.4M | $144.1M | $158.3M | $141.0M | $122.5M | $155.7M | $132.7M |
| Cost of revenue | $143.6M | $92.0M | $111.1M | $114.9M | $105.1M | $94.7M | $89.1M | $106.7M | $95.8M | $78.7M | $105.2M | $89.3M |
| Gross profit | $87.5M | $63.2M | $62.6M | $67.1M | $68.3M | $57.7M | $55.0M | $51.6M | $45.2M | $43.8M | $50.5M | $43.4M |
| Sales, general & admin | $67.7M | $55.9M | $52.2M | $52.2M | $56.5M | $50.6M | $44.1M | $39.2M | $38.7M | $38.5M | $38.8M | $35.4M |
| Total operating expenses | $67.7M | $55.9M | $52.2M | $52.2M | $56.5M | $50.6M | $44.1M | $42.9M | $38.7M | $38.5M | $38.8M | $39.6M |
| Operating income | $19.7M | $7.3M | $10.4M | $14.9M | $11.8M | $7.0M | $10.9M | $8.7M | $6.4M | $5.4M | $11.7M | $3.8M |
| Interest expense | $1.1M | $835,000 | $858,000 | $902,000 | $2.2M | $1.8M | $1.8M | $1.9M | $2.0M | $2.1M | $2.3M | $2.4M |
| Income before taxes | $19.1M | $7.3M | $10.3M | $14.3M | $10.2M | $5.2M | $9.9M | $7.5M | $5.3M | $3.9M | $10.0M | $2.3M |
| Income taxes | −$5.3M | −$1.3M | −$8.4M | $569,000 | −$5.3M | $506,000 | $2.2M | $157,000 | $720,000 | $986,000 | $2.0M | $713,000 |
| Net income | $24.3M | $8.5M | $18.7M | $13.7M | $15.4M | $4.7M | $7.7M | $7.3M | $4.6M | $2.9M | $8.0M | $1.6M |
| EBITDA | $27.1M | $11.9M | $16.0M | $19.1M | $17.9M | $11.4M | $15.5M | $13.2M | $10.9M | $9.7M | $16.2M | $8.9M |
| EPS (diluted) | $1.83 | $0.91 | $1.40 | $1.21 | $1.31 | $0.63 | $0.75 | $0.73 | $0.55 | $0.40 | $0.80 | $0.37 |
| Gross margin | 37.9% | 40.7% | 36.0% | 36.9% | 39.4% | 37.8% | 38.1% | 32.6% | 32.0% | 35.8% | 32.4% | 32.7% |
| Operating margin | 8.5% | 4.7% | 6.0% | 8.2% | 6.8% | 4.6% | 7.5% | 5.5% | 4.6% | 4.4% | 7.5% | 2.9% |
| Net margin | 10.5% | 5.5% | 10.8% | 7.5% | 8.9% | 3.1% | 5.3% | 4.6% | 3.3% | 2.4% | 5.2% | 1.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WLDN's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WLDN financial results
In fiscal year 2025 (ended December 31, 2025), Willdan reported revenue of $681.6 million, up 20.5% from the year before. It had net income of $52.6 million (up 132.9%), a net profit margin of 7.7%. Diluted earnings per share came to $4.55. Over five years revenue grew at an average rate of 11.8% a year.
See the WLDN stock overview for the latest quote and news, or the WLDN chart for price history and technical indicators.
WLDN income statement FAQ
What is Willdan's annual revenue?
Willdan reported total revenue of $681.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 20.5% from $565.8 million the previous year.
Is Willdan profitable?
Yes. Willdan reported net income of $52.6 million in fiscal 2025, a net profit margin of 7.7%; its operating margin was 6.5%.
What is Willdan's gross margin?
Willdan's gross margin was 37.5% in fiscal 2025: for every $100 of revenue, Willdan kept $38 after the direct cost of its products and services.
How fast is Willdan growing?
Revenue grew 11.8% a year on average over the last five fiscal years, from $391.0 million to $681.6 million.
What are Willdan's earnings per share?
Willdan earned $4.55 per diluted share in fiscal 2025, compared with $2.43 a year earlier.
When will Willdan report its next earnings?
Willdan is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Willdan's fiscal year end?
Willdan's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.