WLDN on Nasdaq

Willdan Group

Logo: Willdan Group, Public domain, via Wikimedia Commons5

American consulting company

Willdan Group, Inc. (Willdan) is an American publicly traded company selling professional technical and consulting services to public and private utilities, public agencies at all levels of government, and commercial and industrial firms.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

$681.6MRevenue, fiscal 20266
$52.6MNet income, fiscal 20266
1964Founded1

Compare with Mistras Group, Inc., VSE Corporation or Hill International, or pick any stock.

  • TickerWLDN on Nasdaq1
  • IndustryServices-Engineering Services1
  • HeadquartersAnaheim1
  • Websitewww.willdan.com
  • Incorporated inDE7
  • Business address2401 East Katella Avenue, Suite 300, Anaheim, Ca 928067
  • Filer categoryLarge accelerated filer7
  • Legal formCorporation4
  • LEI529900YQO0LF5VAEKN054
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressc/o The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 41081214

Willdan Group, Inc. (Willdan) is an American publicly traded company selling professional technical and consulting services to public and private utilities, public agencies at all levels of government, and commercial and industrial firms. The company operates offices in more than a dozen states, with its key operations in California and New York.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

37.5%Gross margin6
6.5%Operating margin6
7.7%Net margin6
17.2%Return on equity6
0.15×Debt to equity6
$70.7MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Energy brought in 85% of the revenue Willdan Group broke down this way in fiscal 2025.

  1. Energy$576.1M685%up 22% from 2024
  2. Engineering Consulting Services$105.5M615%up 14% from 2024
Business segments by year
Business segments202320242025
Energy$427.0M$473.3M$576.1M
Engineering Consulting Services$83.1M$92.5M$105.5M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue62¢$425.9M
  • Other costs28¢$190.6M
  • Income tax2¢$12.6M
  • Profit8¢$52.6M

Out of $681.6M in revenue.6

Where each dollar of operating cash went, fiscal 2026

  • Capital spending12¢$9.4M
  • Kept or used elsewhere88¢$70.7M

Out of $80.1M of cash from operations.6

Financial statements

Revenue910116$681.6M in 2026+54% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $443.1M$443.1M20192021: $353.8M$353.8M2021−20%2022: $429.1M$429.1M2022+21%2023: $510.1M$510.1M2023+19%2024: $565.8M$565.8M2024+11%2026: $681.6M$681.6M2026+20%
Gross profit10116$255.7M in 2026+88% since 2021
0$100.0M$200.0M$300.0M2021: $135.9M$135.9M20212022: $143.6M$143.6M2022+6%2023: $179.8M$179.8M2023+25%2024: $202.8M$202.8M2024+13%2026: $255.7M$255.7M2026+26%
Operating income910116$44.1M in 2026+372% since 2019
-$20.0M0$20.0M$40.0M$60.0M2019: $9.4M$9.4M20192021: -$8.7M-$8.7M20212022: -$7.1M-$7.1M2022−19%2023: $22.1M$22.1M20232024: $31.4M$31.4M2024+42%2026: $44.1M$44.1M2026+41%
Net income910116$52.6M in 2026+986% since 2019
-$20.0M0$20.0M$40.0M$60.0M2019: $4.8M$4.8M20192021: -$8.4M-$8.4M20212022: -$8.4M-$8.4M2022+0%2023: $10.9M$10.9M20232024: $22.6M$22.6M2024+107%2026: $52.6M$52.6M2026+133%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.6

Period ending2025-12-312024-12-312023-12-31
Contract revenue$681.6M$565.8M$510.1M
Salaries and wages$109.1M$93.5M$89.9M
Subcontractor services and other direct costs$316.8M$269.5M$240.4M
Total direct costs of contract revenue$425.9M$363.0M$330.3M
Gross profit$255.7M$202.8M$179.8M
Salaries and wages, payroll taxes and employee benefits$125.7M$105.4M$95.6M
Facilities and facility related$9.7M$9.7M$9.6M
Stock-based compensation$11.8M$7.4M$5.3M
Depreciation and amortization$18.7M$14.7M$16.4M
Other$45.6M$34.2M$30.8M
Total general and administrative expenses$211.5M$171.4M$157.7M
Income (Loss) from operations$44.1M$31.4M$22.1M
Interest expense, net-$5.7M-$7.8M-$9.4M
Other, net$1.6M$3.1M$1.9M
Total other expense, net-$4.2M-$4.7M-$7.5M
Income (Loss) before income taxes$40.0M$26.7M$14.6M
Income tax (benefit) expense-$12.6M$4.1M$3.7M
Net income (loss)$52.6M$22.6M$10.9M
Unrealized gain (loss) on derivative contracts, net of tax$44.0K$350.0K-$664.0K
Comprehensive income (loss)$52.6M$22.9M$10.3M
Basic (in dollars per share)$3.63$1.63$0.82
Diluted (in dollars per share)$3.49$1.58$0.80
Basic (in shares)14.5M shares13.8M shares13.4M shares
Diluted (in shares)15.1M shares14.2M shares13.6M shares

Compare Willdan Group with another company

The story

In 1964, the company was built by William Stookey and Dan Heil in southern California on a then-unique model of providing outsourced engineering services exclusively to municipalities, especially newly urbanizing cities.

Over the next 50 years, the company's expansion has reflected the increasingly complex challenges facing communities, with a forward-looking focus on energy efficiency, energy engineering, cogeneration, Energy Savings Performance Contract, Community Choice Aggregation, smart city, microgrid consulting, and Transactive energy software.

In 2006, Willdan Group, Inc. completed its initial public offerings in NASDAQ, becoming a publicly traded company under the symbol WLDN.

In 2008, Willdan acquired Intergy Corporation, then renamed Willdan Energy Solutions, offering energy efficiency utility program management.

In 2015, Willdan acquired 360 Energy Engineers and Abacus Resource Management, expanding its capabilities into Energy Service Company and Energy Savings Performance Contract services.

Willdan acquired NYC-based Genesys Engineering, P.C., in 2016, bringing Power Engineering services into its portfolio, with an eye to evolution of U.S. power systems toward Distributed generation and microgrids.

The big data analytics firm Integral Analytics, Inc. (IA) was acquired by Willdan in July 2017. IA's software solutions help investor-owned utility and smart city managers solve problems arising from the transformation of an electrical grid facing growth in distributed generation sources, such as solar power and electric vehicles, effectively harnessing the power of renewable energy and energy storage.

The energy engineering and sustainability firm of Newcomb Anderson McCormick, Inc. was acquired by Willdan in April 2018, bringing strong relationships as a long-term energy efficiency, renewable energy, and green buildings consultant for the University of California, California State University, and California Community Colleges System, and with San Francisco Bay Area public agencies and utilities.

Read the full text

With its November, 2018, acquisition of Lime Energy, Willdan further expanded its presence in the energy market. Lime Energy has delivered energy efficiency programs for 10 of the 25 largest electric utilities and five of the 10 largest municipal utilities in the U.S.

Acquisition of The Weidt Group in March 2019 added energy engineering for new construction and a strong presence in the Upper Midwest. In July 2019, Willdan entered a $200 million expanded credit facility to fund future acquisitions, and also announced its acquisition of Onsite Energy Corporation, adding industrial sector clients for Willdan's energy efficiency services.

In October 2019 Willdan announced the acquisition of Energy and Environmental Economics, Inc (E3), a data-driven energy analysis and strategy consulting firm headquartered in San Francisco, California. E3 has more than 70 employees across offices in San Francisco, Boston, and New York. E3 generated approximately $16 million in revenue in 2018.

Willdan acquired Alternative Power Generation, Inc. (APG), an electrical engineering and construction management firm, in a stock purchase in March, 2025. APG adds significant expertise in data center substation design and construction management, microgrids, EV charging stations, and renewable energy projects for the commercial sector. In 2024, APG generated approximately $37 million in revenue.

From Wikipedia’s article on Willdan Group, shared under CC BY-SA 4.0.8

Leadership

Who has led Willdan Group, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (24)

Timeline

  1. Mar 11, 2024New chief executive Michael A. Bieber becomes CEO16
  2. Jun 10, 2009New chief executive Frank Tripepi becomes CEO17
  3. Dec 17, 2008New chief executive Daniel Chow becomes CEO18
  4. Apr 3, 2007New chief executive Thomas Donald Brisbin becomes CEO19
  5. Nov 21, 2006Went public Listed on NASDAQ1
  6. Nov 20, 2006New chief executive Win Westfall becomes CEO20
  7. 1964Founded Founded1

Filings

354 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 36 major events, 207 insider forms, 28 large holders, 62 other. The latest 20:

  1. Sep 23, 20268-K EDGAR
  2. Sep 17, 20264 EDGAR
  3. Sep 16, 20264 EDGAR
  4. Sep 15, 2026144 EDGAR
  5. Sep 9, 20264 EDGAR
  6. Sep 8, 2026144 EDGAR
  7. Sep 4, 20264 EDGAR
  8. Sep 3, 2026144 EDGAR
  9. Aug 7, 202610-Q EDGAR
  10. Aug 6, 20268-K EDGAR
  11. Jul 30, 2026SCHEDULE 13G/A EDGAR
  12. Jun 26, 2026S-8 EDGAR
  13. Jun 18, 20264 EDGAR
  14. Jun 18, 20264 EDGAR
  15. Jun 18, 20264 EDGAR
  16. Jun 18, 20264 EDGAR
  17. Jun 18, 20264 EDGAR
  18. Jun 18, 20264 EDGAR
  19. Jun 18, 20268-K EDGAR
  20. May 19, 2026SCHEDULE 13G EDGAR

The 354 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

125 open-market trades by officers, directors and large owners since October 2021: 5 buys and 120 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026Brisbin Thomas DonaldDirectorSale4,905$79.36$389.3KForm 4
Sep 8, 2026Brisbin Thomas DonaldDirectorSale3,439$88.19$303.3KForm 4
Sep 3, 2026Brisbin Thomas DonaldDirectorSale58,757$88.14$5.2MForm 4
May 14, 2026BIEBER MICHAEL APRESIDENT AND CEOSale56,676$91.58$5.2MForm 4
May 13, 2026BIEBER MICHAEL APRESIDENT AND CEOSale9,991$92.65$925.7KForm 4
Mar 6, 2026Cohen Steven ADirectorSale6,000$81.82$490.9KForm 4
Sep 18, 2025CHEN MICAHEXECUTIVE VP & GENERAL COUNSELSale10,000$106.00$1.1MForm 4
Sep 18, 2025McGinn Dennis VDirectorSale7,298$106.32$775.9KForm 4
Aug 25, 2025Brisbin Thomas DonaldDirectorSale5,182$118.15$612.3KForm 4
Aug 22, 2025Brisbin Thomas DonaldDirectorSale117,595$108.72$12.8MForm 4
Aug 21, 2025Brisbin Thomas DonaldDirectorSale125,000$104.42$13.1MForm 4
Aug 20, 2025Brisbin Thomas DonaldDirectorSale7,405$104.19$771.5KForm 4
Aug 18, 2025Brisbin Thomas DonaldDirectorSale130,082$109.69$14.3MForm 4
Aug 15, 2025Downes CynthiaDirectorSale2,763$109.43$302.4KForm 4
Aug 14, 2025REDER WANDA KAYDirectorSale850$119.46$101.5KForm 4
Aug 13, 2025EARLY CREIGHTON KEXECUTIVE VP AND CFOSale7,764$116.54$904.8KForm 4
Aug 12, 2025Cohen Steven ADirectorSale2,500$116.34$290.9KForm 4
May 28, 2025EARLY CREIGHTON KEXECUTIVE VP AND CFOSale5,000$53.28$266.4KForm 4
May 27, 2025Brisbin Thomas DonaldDirectorSale22,459$52.34$1.2MForm 4
May 23, 2025Brisbin Thomas DonaldDirectorSale1,626$51.54$83.8KForm 4

All 125 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,438,623$113.8M0.0%+120,899
Divisadero Street Capital Management, LP1,324,293$104.8M2.4%+1,159,306
Vanguard Capital Management LLC632,916$50.1M0.0%+19,589
Neumeier Poma Investment Counsel LLC530,210$41.9M2.9%+314,550
Vanguard Portfolio Management LLC527,252$41.7M0.0%+42,071
Allspring Global Investments Holdings, LLC390,720$30.5M0.0%+174,291
Geode Capital Management, LLC383,399$30.3M0.0%+29,107
First Trust Advisors LP361,079$28.6M0.0%+74,221
Alta Fox Capital Management, LLC359,806$28.5M5.7%New
Swedbank AB349,700$27.7M0.0%+113,000
State Street Corp337,449$26.7M0.0%+22,749
Dimensional Fund Advisors LP320,857$25.4M0.0%+11,910
Conversant Capital LLC294,500$23.3M2.7%New
Wasatch Advisors LP287,054$22.7M0.1%−94,527
Ranger Investment Management, L.P.275,191$21.8M1.4%+228,756
Oberweis Asset Management Inc/262,700$20.8M0.4%New
Ameriprise Financial Inc260,471$20.6M0.0%−11,883
Wellington Management Group Llp210,895$16.7M0.0%New
Nuveen, LLC210,771$16.7M0.0%−31,720
RBF Capital, LLC184,600$14.6M0.6%No change
Northern Trust Corp163,347$12.9M0.0%+14,238
Nomura Asset Management International Inc.163,117$12.9M0.0%+91,836
Goldman Sachs Group Inc155,269$12.3M0.0%+25,416
Two Sigma Investments, LP150,574$11.9M0.0%−317,448
Russell Investments Group, Ltd.143,866$11.4M0.0%+49,468

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59