Great Lakes Dredge & Dock (GLDD) Financials

$9.16 +0.10 (+1.10%)

Closing price 04:00 PM Eastern

Extended Trading

$9.16 +0.00 (+0.05%)

As of 07:59 PM Eastern

Annual Income Statements for Great Lakes Dredge & Dock

This table shows Great Lakes Dredge & Dock's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-34	14	57
Consolidated Net Income / (Loss)	-34	14	57
Net Income / (Loss) Continuing Operations	-34	14	57
Total Pre-Tax Income	-43	18	75
Total Operating Income	-28	28	93
Total Gross Profit	31	78	161
Total Revenue	649	590	763
Operating Revenue	649	590	763
Total Cost of Revenue	618	512	602
Operating Cost of Revenue	618	512	602
Total Operating Expenses	59	50	68
Selling, General & Admin Expense	51	57	71
Other Operating Expenses / (Income)	7.79	-7.54	-3.00
Total Other Income / (Expense), net	-16	-9.91	-17
Interest & Investment Income	-14	-12	-18
Other Income / (Expense), net	-1.57	2.23	0.46
Income Tax Expense	-9.36	4.41	18
Basic Earnings per Share	($0.52)	$0.21	$0.85
Weighted Average Basic Shares Outstanding	66.05M	66.47M	67.09M
Diluted Earnings per Share	($0.52)	$0.21	$0.84
Weighted Average Diluted Shares Outstanding	66.05M	66.96M	67.85M
Weighted Average Basic & Diluted Shares Outstanding	66.19M	66.62M	67.28M

This table shows Great Lakes Dredge & Dock's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-9.91	-31	-3.23	1.73	-6.15	22	21	7.67	8.85	20
Consolidated Net Income / (Loss)	-9.91	-31	-3.23	1.73	-6.15	22	21	7.67	8.85	20
Net Income / (Loss) Continuing Operations	-9.91	-31	-3.23	1.73	-6.15	22	21	7.67	8.85	20
Total Pre-Tax Income	-13	-40	-4.02	2.53	-7.96	28	28	11	12	25
Total Operating Income	-9.45	-37	-0.86	3.68	-5.12	31	31	15	17	30
Total Gross Profit	3.80	-16	12	18	9.03	39	46	30	36	49
Total Revenue	158	147	158	133	117	182	199	170	191	203
Operating Revenue	158	147	158	133	117	182	199	170	191	203
Total Cost of Revenue	155	163	146	115	108	143	153	140	155	154
Operating Cost of Revenue	155	163	146	115	108	143	153	140	155	154
Total Operating Expenses	13	21	13	14	14	8.14	14	15	20	19
Selling, General & Admin Expense	13	12	13	14	14	15	16	16	20	19
Total Other Income / (Expense), net	-3.80	-2.90	-3.16	-1.15	-2.84	-2.76	-3.47	-4.07	-4.69	-5.20
Interest & Investment Income	-3.55	-3.11	-3.39	-3.18	-2.76	-2.82	-3.89	-4.20	-4.89	-4.90
Other Income / (Expense), net	-0.25	0.21	0.23	2.02	-0.08	0.06	0.43	0.13	0.20	-0.29
Income Tax Expense	-3.35	-8.45	-0.79	0.80	-1.81	6.21	6.99	2.84	3.15	5.14
Basic Earnings per Share	($0.15)	($0.48)	($0.05)	$0.03	($0.09)	$0.32	$0.32	$0.11	$0.13	$0.29
Weighted Average Basic Shares Outstanding	66.11M	66.05M	66.26M	66.46M	66.53M	66.47M	66.73M	67.12M	67.22M	67.09M
Diluted Earnings per Share	($0.15)	($0.48)	($0.05)	$0.03	$0.00	$0.23	$0.31	$0.11	$0.00	$0.42
Weighted Average Diluted Shares Outstanding	66.11M	66.05M	66.26M	66.81M	66.53M	66.96M	67.49M	67.70M	67.83M	67.85M
Weighted Average Basic & Diluted Shares Outstanding	66.17M	66.19M	66.42M	66.49M	66.61M	66.62M	67.01M	67.19M	67.27M	67.28M

This table details how cash moves in and out of Great Lakes Dredge & Dock's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-141	17	-14
Net Cash From Operating Activities	1.65	47	70
Net Cash From Continuing Operating Activities	1.65	47	70
Net Income / (Loss) Continuing Operations	0.00	0.00	0.00
Consolidated Net Income / (Loss)	-34	14	57
Depreciation Expense	46	43	43
Amortization Expense	12	12	24
Non-Cash Adjustments To Reconcile Net Income	-19	23	-3.54
Changes in Operating Assets and Liabilities, net	-4.11	-44	-51
Net Cash From Investing Activities	-141	-120	-116
Net Cash From Continuing Investing Activities	-141	-120	-116
Purchase of Property, Plant & Equipment	-143	-151	-125
Sale of Property, Plant & Equipment	2.10	31	9.45
Net Cash From Financing Activities	-1.66	90	32
Net Cash From Continuing Financing Activities	-1.66	90	32
Repayment of Debt	-10	-118	-141
Repurchase of Common Equity	-0.98	0.00	-12
Issuance of Debt	10	208	186
Other Financing Activities, net	-0.68	-0.07	-1.35
Cash Interest Paid	18	21	30
Cash Income Taxes Paid	1.26	0.13	2.49

This table details how cash moves in and out of Great Lakes Dredge & Dock's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-39	-32	26	9.55	-28	9.67	-0.04	-0.59	-11	-1.82
Net Cash From Operating Activities	-7.50	8.30	9.32	25	15	-2.15	38	18	27	-14
Net Cash From Continuing Operating Activities	-7.50	8.30	9.32	25	15	-2.15	38	18	27	-14
Net Income / (Loss) Continuing Operations	-9.91	2.89	-3.23	1.73	-6.15	7.65	21	7.67	8.85	-38
Consolidated Net Income / (Loss)	-9.91	-31	-3.23	1.73	-6.15	22	21	7.67	8.85	20
Depreciation Expense	11	12	11	11	11	10	11	11	10	10
Amortization Expense	0.27	12	0.24	5.23	1.83	5.13	0.24	9.03	5.30	9.91
Non-Cash Adjustments To Reconcile Net Income	5.06	9.78	-13	52	1.08	-17	-13	1.76	-23	30
Changes in Operating Assets and Liabilities, net	-14	5.85	14	-45	8.19	-22	19	-11	26	-84
Net Cash From Investing Activities	-31	-40	-34	-20	-43	-23	-8.27	-47	-38	-22
Net Cash From Continuing Investing Activities	-31	-40	-34	-20	-43	-23	-8.27	-47	-38	-22
Purchase of Property, Plant & Equipment	-31	-40	-34	-21	-43	-53	-12	-52	-38	-23
Sale of Property, Plant & Equipment	0.04	-	0.06	1.13	0.04	29	3.64	5.39	0.30	0.12
Net Cash From Financing Activities	-0.26	-0.15	50	4.79	-0.07	35	-30	28	0.10	34
Net Cash From Continuing Financing Activities	-0.26	-0.15	50	4.79	-0.07	35	-30	28	0.10	34
Repayment of Debt	-	-10	-25	-	-40	-53	-30	-76	-15	-20
Repurchase of Common Equity	-	-0.15	0.00	-	-	-	0.00	-11	0.36	-0.67
Issuance of Debt	-	10	75	5.00	40	88	0.00	116	15	55
Other Financing Activities, net	0.57	-	0.23	-0.21	-0.07	-0.02	-0.21	-0.74	-0.26	-0.14
Cash Interest Paid	0.15	8.79	0.54	9.42	0.79	10.00	2.07	12	3.65	12
Cash Income Taxes Paid	0.03	-0.00	-0.05	0.30	0.02	-0.15	0.18	1.30	0.02	1.00

This table presents Great Lakes Dredge & Dock's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	982	1,111	1,255
Total Current Assets	183	226	263
Cash & Equivalents	6.55	23	10
Accounts Receivable	45	55	118
Inventories, net	29	34	30
Prepaid Expenses	1.57	1.49	2.83
Other Current Assets	101	113	102
Plant, Property, & Equipment, net	544	615	703
Total Noncurrent Assets	255	270	288
Goodwill	77	77	77
Other Noncurrent Operating Assets	178	193	212
Total Liabilities & Shareholders' Equity	982	1,111	1,255
Total Liabilities	614	725	806
Total Current Liabilities	160	179	216
Accounts Payable	94	84	101
Accrued Expenses	29	37	42
Current Deferred Revenue	9.91	30	26
Other Current Liabilities	27	29	47
Total Noncurrent Liabilities	453	546	590
Long-Term Debt	322	412	448
Noncurrent Deferred & Payable Income Tax Liabilities	59	62	79
Other Noncurrent Operating Liabilities	73	72	63
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	368	386	449
Total Preferred & Common Equity	368	386	449
Total Common Equity	368	386	449
Common Stock	312	317	322
Retained Earnings	56	70	127
Accumulated Other Comprehensive Income / (Loss)	-0.19	-2.02	-0.97

This table presents Great Lakes Dredge & Dock's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,004	1,025	1,008	1,020	1,095	1,128	1,145
Total Current Assets	233	209	190	168	211	219	215
Cash & Equivalents	39	33	42	14	23	23	12
Accounts Receivable	69	33	43	30	40	56	43
Inventories, net	27	29	32	32	32	32	35
Prepaid Expenses	36	33	30	42	2.03	2.26	1.44
Other Current Assets	62	81	43	49	114	106	124
Plant, Property, & Equipment, net	518	562	570	606	613	653	682
Total Noncurrent Assets	253	255	247	246	271	255	249
Goodwill	77	77	77	77	77	77	77
Other Noncurrent Operating Assets	176	178	170	169	194	179	172
Total Liabilities & Shareholders' Equity	1,004	1,025	1,008	1,020	1,095	1,128	1,145
Total Liabilities	607	661	639	654	686	710	720
Total Current Liabilities	147	163	141	164	168	166	178
Accounts Payable	81	88	65	74	90	90	95
Accrued Expenses	38	37	26	34	32	28	44
Current Deferred Revenue	5.45	12	24	29	18	21	16
Other Current Liabilities	23	26	26	26	28	27	23
Total Noncurrent Liabilities	460	498	498	490	518	544	542
Long-Term Debt	321	372	377	377	382	411	413
Noncurrent Deferred & Payable Income Tax Liabilities	67	58	59	58	70	72	74
Other Noncurrent Operating Liabilities	71	68	62	55	66	60	56
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	397	364	369	366	409	418	425
Total Preferred & Common Equity	397	364	369	366	409	418	425
Total Common Equity	397	364	369	366	409	418	425
Common Stock	311	313	314	316	319	320	321
Retained Earnings	87	53	55	49	91	99	108
Accumulated Other Comprehensive Income / (Loss)	-1.22	-1.60	-0.62	1.53	-0.73	-0.68	-3.34

This table displays calculated financial ratios and metrics derived from Great Lakes Dredge & Dock's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	-10.65%	-9.12%	29.35%
EBITDA Growth	-77.34%	190.40%	87.83%
EBIT Growth	-134.71%	203.91%	206.27%
NOPAT Growth	-129.58%	210.37%	228.98%
Net Income Growth	-168.89%	140.83%	311.80%
EPS Growth	-169.33%	140.38%	300.00%
Operating Cash Flow Growth	-96.63%	2,769.03%	47.73%
Free Cash Flow Firm Growth	-133.04%	45.24%	40.65%
Invested Capital Growth	18.92%	13.41%	14.47%
Revenue Q/Q Growth	-8.89%	6.32%	2.84%
EBITDA Q/Q Growth	-67.53%	444.71%	10.85%
EBIT Q/Q Growth	-166.54%	183.11%	-0.88%
NOPAT Q/Q Growth	-156.49%	178.46%	0.12%
Net Income Q/Q Growth	-256.07%	135.82%	-3.12%
EPS Q/Q Growth	-252.94%	142.00%	29.23%
Operating Cash Flow Q/Q Growth	465.71%	-18.06%	-13.96%
Free Cash Flow Firm Q/Q Growth	-3.89%	8.50%	-56.07%
Invested Capital Q/Q Growth	0.55%	6.31%	7.39%
Profitability Metrics	-	-	-
Gross Margin	4.80%	13.18%	21.05%
EBITDA Margin	4.53%	14.49%	21.04%
Operating Margin	-4.28%	4.79%	12.17%
EBIT Margin	-4.52%	5.16%	12.23%
Profit (Net Income) Margin	-5.25%	2.36%	7.51%
Tax Burden Percent	78.44%	75.94%	75.96%
Interest Burden Percent	148.14%	60.13%	80.83%
Effective Tax Rate	0.00%	24.06%	24.04%
Return on Invested Capital (ROIC)	-3.09%	2.94%	8.49%
ROIC Less NNEP Spread (ROIC-NNEP)	-9.06%	0.80%	5.29%
Return on Net Nonoperating Assets (RNNOA)	-5.79%	0.75%	5.24%
Return on Equity (ROE)	-8.88%	3.69%	13.73%
Cash Return on Invested Capital (CROIC)	-20.37%	-9.62%	-5.01%
Operating Return on Assets (OROA)	-2.96%	2.91%	7.88%
Return on Assets (ROA)	-3.44%	1.33%	4.84%
Return on Common Equity (ROCE)	-8.88%	3.69%	13.73%
Return on Equity Simple (ROE_SIMPLE)	-9.25%	3.61%	12.76%
Net Operating Profit after Tax (NOPAT)	-19	21	70
NOPAT Margin	-2.99%	3.63%	9.24%
Net Nonoperating Expense Percent (NNEP)	5.97%	2.14%	3.20%
Return On Investment Capital (ROIC_SIMPLE)	-2.81%	2.69%	7.86%
Cost of Revenue to Revenue	95.20%	86.82%	78.95%
SG&A Expenses to Revenue	7.88%	9.68%	9.28%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.08%	8.40%	8.89%
Earnings before Interest and Taxes (EBIT)	-29	30	93
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	29	85	160
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.07	1.33	1.69
Price to Tangible Book Value (P/TBV)	1.35	1.66	2.04
Price to Revenue (P/Rev)	0.61	0.87	1.00
Price to Earnings (P/E)	0.00	36.79	13.26
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	2.72%	7.54%
Enterprise Value to Invested Capital (EV/IC)	1.04	1.16	1.35
Enterprise Value to Revenue (EV/Rev)	1.09	1.53	1.57
Enterprise Value to EBITDA (EV/EBITDA)	24.09	10.55	7.46
Enterprise Value to EBIT (EV/EBIT)	0.00	29.58	12.84
Enterprise Value to NOPAT (EV/NOPAT)	0.00	42.04	16.99
Enterprise Value to Operating Cash Flow (EV/OCF)	428.73	18.99	17.09
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.87	1.07	1.00
Long-Term Debt to Equity	0.87	1.07	1.00
Financial Leverage	0.64	0.93	0.99
Leverage Ratio	2.58	2.78	2.84
Compound Leverage Factor	3.82	1.67	2.29
Debt to Total Capital	46.61%	51.66%	49.96%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	46.61%	51.66%	49.96%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	53.39%	48.34%	50.04%
Debt to EBITDA	10.93	4.82	2.79
Net Debt to EBITDA	10.71	4.56	2.73
Long-Term Debt to EBITDA	10.93	4.82	2.79
Debt to NOPAT	-16.56	19.23	6.36
Net Debt to NOPAT	-16.22	18.16	6.21
Long-Term Debt to NOPAT	-16.56	19.23	6.36
Altman Z-Score	1.06	1.18	1.61
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.14	1.26	1.22
Quick Ratio	0.32	0.43	0.59
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-128	-70	-42
Operating Cash Flow to CapEx	1.17%	39.47%	60.56%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.66	0.56	0.64
Accounts Receivable Turnover	10.15	11.83	8.83
Inventory Turnover	20.59	16.21	18.88
Fixed Asset Turnover	1.30	1.02	1.16
Accounts Payable Turnover	6.88	5.75	6.50
Days Sales Outstanding (DSO)	35.96	30.86	41.36
Days Inventory Outstanding (DIO)	17.73	22.51	19.33
Days Payable Outstanding (DPO)	53.08	63.43	56.12
Cash Conversion Cycle (CCC)	0.60	-10.06	4.57
Capital & Investment Metrics	-	-	-
Invested Capital	683	775	887
Invested Capital Turnover	1.03	0.81	0.92
Increase / (Decrease) in Invested Capital	109	92	112
Enterprise Value (EV)	709	901	1,198
Market Capitalization	394	512	760
Book Value per Share	$5.56	$5.79	$6.67
Tangible Book Value per Share	$4.41	$4.64	$5.53
Total Capital	690	798	897
Total Debt	322	412	448
Total Long-Term Debt	322	412	448
Net Debt	315	389	438
Capital Expenditures (CapEx)	141	120	116
Debt-free, Cash-free Net Working Capital (DFCFNWC)	16	24	37
Debt-free Net Working Capital (DFNWC)	23	47	47
Net Working Capital (NWC)	23	47	47
Net Nonoperating Expense (NNE)	15	7.52	13
Net Nonoperating Obligations (NNO)	315	389	438
Total Depreciation and Amortization (D&A)	59	55	67
Debt-free, Cash-free Net Working Capital to Revenue	2.46%	4.08%	4.88%
Debt-free Net Working Capital to Revenue	3.47%	7.95%	6.22%
Net Working Capital to Revenue	3.47%	7.95%	6.22%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.52)	$0.21	$0.85
Adjusted Weighted Average Basic Shares Outstanding	66.05M	66.47M	67.09M
Adjusted Diluted Earnings per Share	($0.52)	$0.21	$0.84
Adjusted Weighted Average Diluted Shares Outstanding	66.05M	66.96M	67.85M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	66.19M	66.62M	67.28M
Normalized Net Operating Profit after Tax (NOPAT)	-19	21	70
Normalized NOPAT Margin	-2.99%	3.63%	9.24%
Pre Tax Income Margin	-6.69%	3.11%	9.88%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-2.88%	0.00%	20.19%

This table displays calculated financial ratios and metrics derived from Great Lakes Dredge & Dock's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.10%	-30.15%	-18.68%	-11.22%	-25.99%	23.91%	25.70%	28.21%	63.14%	11.58%
EBITDA Growth	-95.06%	-126.11%	-65.15%	108.92%	345.92%	462.66%	312.90%	59.33%	350.45%	9.20%
EBIT Growth	-145.78%	-199.09%	-103.47%	490.15%	46.41%	183.78%	5,108.48%	157.94%	424.82%	-2.72%
NOPAT Growth	-138.04%	-193.08%	-104.18%	1,153.35%	45.81%	192.22%	4,006.29%	322.05%	443.23%	0.59%
Net Income Growth	-171.78%	-226.15%	-129.22%	142.97%	37.90%	169.16%	750.70%	342.76%	243.84%	-8.54%
EPS Growth	-171.43%	-226.32%	-129.41%	150.00%	100.00%	147.92%	720.00%	266.67%	0.00%	82.61%
Operating Cash Flow Growth	-204.02%	33.96%	-64.59%	197.28%	306.48%	-125.92%	312.46%	-25.87%	72.95%	-528.21%
Free Cash Flow Firm Growth	-111.47%	-44.49%	-43.40%	64.82%	67.78%	49.49%	62.07%	-76.82%	-60.16%	-30.07%
Invested Capital Growth	30.22%	18.92%	18.39%	8.45%	7.26%	13.41%	9.28%	14.66%	13.32%	14.47%
Revenue Q/Q Growth	5.97%	-7.38%	7.76%	-16.06%	-11.67%	55.08%	9.32%	-14.38%	12.40%	6.07%
EBITDA Q/Q Growth	-84.65%	-887.99%	143.90%	109.22%	-67.24%	540.86%	5.20%	-19.27%	-7.37%	55.36%
EBIT Q/Q Growth	-563.89%	-276.12%	98.26%	995.45%	-191.18%	688.08%	4.31%	-53.88%	14.82%	76.12%
NOPAT Q/Q Growth	-2,664.04%	-288.37%	97.65%	516.95%	-242.21%	760.86%	-0.31%	-54.95%	15.65%	93.67%
Net Income Q/Q Growth	-145.72%	-214.52%	89.63%	153.64%	-455.11%	450.31%	-2.48%	-63.50%	15.37%	122.73%
EPS Q/Q Growth	-150.00%	-220.00%	89.58%	160.00%	-100.00%	0.00%	-3.13%	-64.52%	-100.00%	0.00%
Operating Cash Flow Q/Q Growth	70.57%	210.76%	12.24%	165.85%	-37.52%	-113.90%	1,886.29%	-52.22%	45.75%	-150.50%
Free Cash Flow Firm Q/Q Growth	-10.53%	18.21%	18.27%	52.39%	-1.23%	-28.23%	38.63%	-121.97%	8.31%	-4.14%
Invested Capital Q/Q Growth	4.78%	0.55%	2.92%	0.01%	3.63%	6.31%	-0.82%	4.93%	2.42%	7.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	2.40%	-11.02%	7.68%	13.49%	7.71%	21.28%	22.94%	17.54%	18.95%	24.13%
EBITDA Margin	1.01%	-8.63%	6.61%	16.49%	6.12%	25.27%	21.73%	20.49%	16.88%	24.73%
Operating Margin	-5.97%	-25.03%	-0.55%	2.77%	-4.37%	16.80%	15.85%	8.58%	8.73%	14.82%
EBIT Margin	-6.13%	-24.89%	-0.40%	4.30%	-4.44%	16.83%	16.06%	8.65%	8.84%	14.67%
Profit (Net Income) Margin	-6.26%	-21.25%	-2.04%	1.31%	-5.25%	11.86%	10.58%	4.51%	4.63%	9.72%
Tax Burden Percent	74.75%	78.68%	80.33%	68.53%	77.28%	77.64%	75.05%	72.97%	73.73%	79.34%
Interest Burden Percent	136.59%	108.51%	631.40%	44.34%	153.11%	90.79%	87.80%	71.47%	71.07%	83.52%
Effective Tax Rate	0.00%	0.00%	0.00%	31.47%	0.00%	22.36%	24.95%	27.03%	26.27%	20.66%
Return on Invested Capital (ROIC)	-4.95%	-18.08%	-0.36%	1.68%	-2.41%	10.55%	10.19%	5.53%	6.14%	10.79%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.49%	-20.31%	-1.38%	1.40%	-3.21%	9.94%	9.44%	4.71%	5.24%	9.80%
Return on Net Nonoperating Assets (RNNOA)	-3.61%	-12.98%	-0.91%	1.02%	-2.71%	9.29%	8.53%	4.33%	5.05%	9.71%
Return on Equity (ROE)	-8.57%	-31.06%	-1.28%	2.70%	-5.12%	19.83%	18.72%	9.87%	11.19%	20.50%
Cash Return on Invested Capital (CROIC)	-20.53%	-20.37%	-21.96%	-12.60%	-10.89%	-9.62%	-2.63%	-6.50%	-3.43%	-5.01%
Operating Return on Assets (OROA)	-4.47%	-16.32%	-0.24%	2.53%	-2.43%	9.48%	9.55%	5.41%	6.05%	9.46%
Return on Assets (ROA)	-4.56%	-13.93%	-1.23%	0.77%	-2.88%	6.69%	6.29%	2.82%	3.17%	6.27%
Return on Common Equity (ROCE)	-8.57%	-31.06%	-1.28%	2.70%	-5.12%	19.83%	18.72%	9.87%	11.19%	20.50%
Return on Equity Simple (ROE_SIMPLE)	5.50%	0.00%	-13.28%	-11.55%	-10.61%	0.00%	9.33%	10.55%	13.89%	0.00%
Net Operating Profit after Tax (NOPAT)	-6.62	-26	-0.60	2.52	-3.59	24	24	11	12	24
NOPAT Margin	-4.18%	-17.52%	-0.38%	1.90%	-3.06%	13.04%	11.89%	6.26%	6.44%	11.76%
Net Nonoperating Expense Percent (NNEP)	1.53%	2.23%	1.01%	0.28%	0.80%	0.61%	0.74%	0.82%	0.91%	1.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-3.73%	-	-	-	2.97%	-	-	-	2.66%
Cost of Revenue to Revenue	97.60%	111.02%	92.32%	86.51%	92.29%	78.72%	77.06%	82.46%	81.05%	75.87%
SG&A Expenses to Revenue	8.39%	8.46%	8.24%	10.90%	12.11%	8.47%	8.11%	9.50%	10.37%	9.21%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.37%	14.01%	8.22%	10.72%	12.08%	4.48%	7.10%	8.97%	10.22%	9.31%
Earnings before Interest and Taxes (EBIT)	-9.71	-37	-0.64	5.70	-5.20	31	32	15	17	30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.61	-13	10	22	7.17	46	43	35	32	50
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.26	1.07	0.99	1.47	1.45	1.33	1.42	1.41	1.66	1.69
Price to Tangible Book Value (P/TBV)	1.56	1.35	1.25	1.86	1.83	1.66	1.75	1.72	2.03	2.04
Price to Revenue (P/Rev)	0.70	0.61	0.59	0.91	0.96	0.87	0.92	0.88	0.95	1.00
Price to Earnings (P/E)	22.96	0.00	0.00	0.00	0.00	36.79	15.27	13.34	11.97	13.26
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.36%	0.00%	0.00%	0.00%	0.00%	2.72%	6.55%	7.50%	8.35%	7.54%
Enterprise Value to Invested Capital (EV/IC)	1.15	1.04	0.99	1.25	1.23	1.16	1.23	1.21	1.34	1.35
Enterprise Value to Revenue (EV/Rev)	1.10	1.09	1.14	1.47	1.61	1.53	1.50	1.46	1.49	1.57
Enterprise Value to EBITDA (EV/EBITDA)	8.65	24.09	0.00	86.61	56.93	10.55	8.83	8.16	7.66	7.46
Enterprise Value to EBIT (EV/EBIT)	17.79	0.00	0.00	0.00	0.00	29.58	14.96	13.56	11.78	12.84
Enterprise Value to NOPAT (EV/NOPAT)	22.79	0.00	0.00	0.00	0.00	42.04	20.53	18.08	15.73	16.99
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	428.73	0.00	25.12	15.42	18.99	12.31	13.93	13.61	17.09
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.81	0.87	1.02	1.02	1.03	1.07	0.93	0.98	0.97	1.00
Long-Term Debt to Equity	0.81	0.87	1.02	1.02	1.03	1.07	0.93	0.98	0.97	1.00
Financial Leverage	0.56	0.64	0.66	0.73	0.85	0.93	0.90	0.92	0.96	0.99
Leverage Ratio	2.53	2.58	2.62	2.59	2.65	2.78	2.74	2.71	2.74	2.84
Compound Leverage Factor	3.46	2.80	16.56	1.15	4.06	2.52	2.41	1.94	1.94	2.37
Debt to Total Capital	44.74%	46.61%	50.52%	50.56%	50.74%	51.66%	48.30%	49.61%	49.23%	49.96%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	44.74%	46.61%	50.52%	50.56%	50.74%	51.66%	48.30%	49.61%	49.23%	49.96%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	55.26%	53.39%	49.48%	49.45%	49.26%	48.34%	51.70%	50.39%	50.77%	50.04%
Debt to EBITDA	3.55	10.93	-290.13	37.23	24.04	4.82	3.58	3.44	2.85	2.79
Net Debt to EBITDA	3.12	10.71	-264.75	33.07	23.14	4.56	3.37	3.25	2.77	2.73
Long-Term Debt to EBITDA	3.55	10.93	-290.13	37.23	24.04	4.82	3.58	3.44	2.85	2.79
Debt to NOPAT	9.35	-16.56	-11.21	-12.42	-13.80	19.23	8.33	7.62	5.86	6.36
Net Debt to NOPAT	8.22	-16.22	-10.23	-11.03	-13.28	18.16	7.83	7.19	5.69	6.21
Long-Term Debt to NOPAT	9.35	-16.56	-11.21	-12.42	-13.80	19.23	8.33	7.62	5.86	6.36
Altman Z-Score	1.40	1.03	1.05	1.25	1.08	1.18	1.34	1.31	1.46	1.44
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.58	1.14	1.28	1.35	1.02	1.26	1.25	1.32	1.21	1.22
Quick Ratio	0.73	0.32	0.40	0.60	0.27	0.43	0.38	0.48	0.31	0.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-164	-134	-110	-52	-53	-68	-42	-92	-85	-88
Operating Cash Flow to CapEx	-24.32%	20.54%	27.76%	123.74%	35.68%	-9.29%	464.77%	39.12%	70.50%	-60.11%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.73	0.66	0.60	0.59	0.55	0.56	0.59	0.63	0.68	0.64
Accounts Receivable Turnover	12.68	10.15	17.55	10.60	11.20	11.83	17.24	13.45	20.36	8.83
Inventory Turnover	21.19	20.59	20.39	18.29	17.84	16.21	17.10	17.01	17.58	18.88
Fixed Asset Turnover	1.50	1.30	1.19	1.12	0.99	1.02	1.07	1.09	1.15	1.16
Accounts Payable Turnover	8.06	6.88	6.47	7.18	6.83	5.75	5.84	7.00	7.00	6.50
Days Sales Outstanding (DSO)	28.80	35.96	20.80	34.42	32.58	30.86	21.18	27.15	17.93	41.36
Days Inventory Outstanding (DIO)	17.22	17.73	17.90	19.95	20.46	22.51	21.35	21.46	20.76	19.33
Days Payable Outstanding (DPO)	45.30	53.08	56.46	50.83	53.40	63.43	62.48	52.17	52.14	56.12
Cash Conversion Cycle (CCC)	0.72	0.60	-17.75	3.54	-0.36	-10.06	-19.96	-3.56	-13.46	4.57
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	679	683	703	703	729	775	768	806	826	887
Invested Capital Turnover	1.19	1.03	0.94	0.88	0.79	0.81	0.86	0.88	0.95	0.92
Increase / (Decrease) in Invested Capital	158	109	109	55	49	92	65	103	97	112
Enterprise Value (EV)	783	709	699	877	893	901	942	977	1,108	1,198
Market Capitalization	501	394	359	542	530	512	583	588	707	760
Book Value per Share	$6.01	$5.56	$5.50	$5.55	$5.50	$5.79	$6.13	$6.24	$6.33	$6.67
Tangible Book Value per Share	$4.85	$4.41	$4.34	$4.40	$4.35	$4.64	$4.98	$5.10	$5.19	$5.53
Total Capital	718	690	736	745	743	798	791	829	838	897
Total Debt	321	322	372	377	377	412	382	411	413	448
Total Long-Term Debt	321	322	372	377	377	412	382	411	413	448
Net Debt	283	315	339	335	363	389	359	388	400	438
Capital Expenditures (CapEx)	31	40	34	20	43	23	8.27	47	38	22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	47	16	13	6.96	-11	24	20	30	25	37
Debt-free Net Working Capital (DFNWC)	86	23	45	49	3.55	47	43	54	37	47
Net Working Capital (NWC)	86	23	45	49	3.55	47	43	54	37	47
Net Nonoperating Expense (NNE)	3.29	5.47	2.63	0.79	2.57	2.14	2.60	2.97	3.46	4.12
Net Nonoperating Obligations (NNO)	283	315	339	335	363	389	359	388	400	438
Total Depreciation and Amortization (D&A)	11	24	11	16	12	15	11	20	15	20
Debt-free, Cash-free Net Working Capital to Revenue	6.59%	2.46%	2.11%	1.17%	-1.90%	4.08%	3.15%	4.55%	3.37%	4.88%
Debt-free Net Working Capital to Revenue	12.04%	3.47%	7.42%	8.23%	0.64%	7.95%	6.77%	8.01%	4.99%	6.22%
Net Working Capital to Revenue	12.04%	3.47%	7.42%	8.23%	0.64%	7.95%	6.77%	8.01%	4.99%	6.22%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.15)	($0.48)	($0.05)	$0.03	($0.09)	$0.32	$0.32	$0.11	$0.13	$0.29
Adjusted Weighted Average Basic Shares Outstanding	66.11M	66.05M	66.26M	66.46M	66.53M	66.47M	66.73M	67.12M	67.22M	67.09M
Adjusted Diluted Earnings per Share	($0.15)	($0.48)	($0.05)	$0.03	($0.09)	$0.23	$0.31	$0.11	$0.00	$0.42
Adjusted Weighted Average Diluted Shares Outstanding	66.11M	66.05M	66.26M	66.81M	66.53M	66.96M	67.49M	67.70M	67.83M	67.85M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	66.17M	66.19M	66.42M	66.49M	66.61M	66.62M	67.01M	67.19M	67.27M	67.28M
Normalized Net Operating Profit after Tax (NOPAT)	-6.65	-26	-0.62	2.36	-3.61	24	22	9.98	12	24
Normalized NOPAT Margin	-4.20%	-17.52%	-0.39%	1.78%	-3.08%	13.04%	11.13%	5.87%	6.33%	11.76%
Pre Tax Income Margin	-8.37%	-27.01%	-2.54%	1.91%	-6.80%	15.28%	14.10%	6.18%	6.28%	12.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	3.79%	-2.88%	0.00%	0.00%	-0.39%	0.00%	0.00%	25.53%	18.44%	20.19%

Frequently Asked Questions About Great Lakes Dredge & Dock's Financials

When does Great Lakes Dredge & Dock's financial year end?

According to the most recent income statement we have on file, Great Lakes Dredge & Dock's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Great Lakes Dredge & Dock's net income changed over the last 2 years?

Great Lakes Dredge & Dock's net income appears to be on an upward trend, with a most recent value of $57.27 million in 2024, falling from -$34.06 million in 2022. The previous period was $13.91 million in 2023.

What is Great Lakes Dredge & Dock's operating income?

Great Lakes Dredge & Dock's total operating income in 2024 was $92.81 million, based on the following breakdown:

Total Gross Profit: $160.58 million
Total Operating Expenses: $67.77 million

How has Great Lakes Dredge & Dock revenue changed over the last 2 years?

Over the last 2 years, Great Lakes Dredge & Dock's total revenue changed from $648.78 million in 2022 to $762.69 million in 2024, a change of 17.6%.

How much debt does Great Lakes Dredge & Dock have?

Great Lakes Dredge & Dock's total liabilities were at $806.19 million at the end of 2024, a 11.2% increase from 2023, and a 31.4% increase since 2022.

How much cash does Great Lakes Dredge & Dock have?

In the past 2 years, Great Lakes Dredge & Dock's cash and equivalents has ranged from $6.55 million in 2022 to $22.84 million in 2023, and is currently $10.22 million as of their latest financial filing in 2024.

How has Great Lakes Dredge & Dock's book value per share changed over the last 2 years?

Over the last 2 years, Great Lakes Dredge & Dock's book value per share changed from 5.56 in 2022 to 6.67 in 2024, a change of 19.9%.

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This page (NASDAQ:GLDD) was last updated on 4/25/2025 by MarketBeat.com Staff

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Great Lakes Dredge & Dock (GLDD) Financials

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Great Lakes Dredge & Dock (GLDD) Financials

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