WLDNWilldan Group, Inc.
Is the business good?
A genuinely good business: 7 of 9 health tests passed, earnings fully cash-backed (1.7×), and margins widening.
High fundamental quality. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
A balanced mix of margins, efficiency, and leverage. ROE 17% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is WLDN?
Willdan Group, Inc. earns 11% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 1.7 points above what the capital costs: growth creates value
- Operating margin
- 7.0%
Operating margin · Engineering & Construction median 7.5% · 12 months to Q2 2026
- Cash conversion
- 1.72×
Cash conversion · 2.40× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +3.4%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | −4.2% |
| FY2021 | −2.5% |
| FY2022 | −1.7% |
| FY2023 | 4.3% |
| FY2024 | 5.5% |
| FY2025 | 6.5% |
Details›
- Gross margin12 months to Q2 2026
- 38%
- Operating margin12 months to Q2 2026
- 7.0%
- Net margin12 months to Q2 2026
- 8.8%
- Free cash flow margin
- 8.4%
- Revenue, trailing twelve months
- $742M
- Free cash flow, trailing twelve months
- $62M
- Net income, trailing twelve months
- $65M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 11%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.