(GLDD) Great Lakes Dredge & Dock - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US3906071093

Dredging, Equipment, Services, Infrastructure, Restoration

Construction & Engineering
Market Cap in USD: 905m

IPO / Inception: 2006-12-27
12m vs SPY: 11.0%

EPS (Earnings per Share)

EPS CAGR: -7.70%
EPS Trend: 51.8%

Last SUE: -2.17
Qual. Beats: 0

Revenue

Rev. CAGR: -1.92%
Rev. Trend: 37.8%

Last SUE: -0.34
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	41.2%
Value at Risk 5%th	58.8%
Relative Tail Risk	-13.29%

Reward TTM
Sharpe Ratio	0.50
Alpha	0.78
CAGR/Max DD	0.71

Character TTM
Hurst Exponent	0.501
Beta	1.067
Beta Downside	1.012

Drawdowns 3y
Max DD	39.75%
Mean DD	11.95%
Median DD	9.76%

Description: GLDD Great Lakes Dredge & Dock November 30, 2025

Great Lakes Dredge & Dock Corp. (NASDAQ: GLDD) is a U.S.–based contractor that supplies a full suite of dredging services, ranging from capital projects such as port expansions, coastal restoration, and trenching for pipelines, to maintenance dredging of harbors and inland waterways. Its equipment fleet includes hydraulic, hopper and mechanical dredges, as well as unloaders, drill boats and material barges, enabling it to serve federal, state and local governments, foreign authorities, and private energy and utility firms.

Key operational metrics that signal market positioning include a 2023 backlog of roughly $1.2 billion (≈ 30 % of annual revenue) and an average gross margin of ~ 14 % over the past three years, reflecting the high-skill, capital-intensive nature of dredging contracts. The company’s earnings are sensitive to U.S. infrastructure spending; the bipartisan Infrastructure Investment and Jobs Act (IIJA) earmarked $55 billion for waterway improvements, a direct tailwind for GLDD’s pipeline and port-deepening work.

Sector drivers further bolster the outlook: global maritime trade is projected to grow at 3.5 % CAGR through 2030, increasing demand for deeper, larger ports, while climate-change-induced coastal erosion is expanding the market for shoreline protection projects-both areas where GLDD has established expertise.

Given these dynamics, a deeper dive into GLDD’s valuation assumptions and scenario analyses can be valuable; the ValueRay platform offers tools to model such sensitivities and may help you refine your investment thesis.

Piotroski VR‑10 (Strict, 0-10) 7.0

Net Income (80.6m TTM) > 0 and > 6% of Revenue (6% = 50.1m TTM)

FCFTA 0.02 (>2.0%) and ΔFCFTA 9.31pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 4.57% (prev 4.99%; Δ -0.42pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.13 (>3.0%) and CFO 164.3m > Net Income 80.6m (YES >=105%, WARN >=100%)

Net Debt (473.9m) to EBITDA (167.6m) ratio: 2.83 <= 3.0 (WARN <= 3.5)

Current Ratio 1.20 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (67.3m) change vs 12m ago -0.71% (target <= -2.0% for YES)

Gross Margin 23.82% (prev 20.27%; Δ 3.55pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 69.17% (prev 64.75%; Δ 4.42pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 6.90 (EBITDA TTM 167.6m / Interest Expense TTM 18.1m) >= 6 (WARN >= 3)

Altman Z'' 1.64

(A) 0.03 = (Total Current Assets 229.8m - Total Current Liabilities 191.7m) / Total Assets 1.27b

(B) 0.15 = Retained Earnings (Balance) 188.3m / Total Assets 1.27b

(D) 0.25 = Book Value of Equity 188.2m / Total Liabilities 765.6m

Total Rating: 1.64 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 65.51

1. Piotroski 7.0pt

2. FCF Yield 1.74%

3. FCF Margin 2.87%

4. Debt/Equity 0.97

5. Debt/Ebitda 2.83

6. ROIC - WACC (= 3.65)%

7. RoE 16.84%

8. Rev. Trend 37.80%

9. EPS Trend 51.77%

What is the price of GLDD shares?

As of January 16, 2026, the stock is trading at USD 13.70 with a total of 349,668 shares traded.
Over the past week, the price has changed by +17.86%, over one month by +11.16%, over three months by +36.04% and over the past year by +31.18%.

Is GLDD a buy, sell or hold?

Great Lakes Dredge & Dock has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy GLDD.

Strong Buy: 2
Buy: 1
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the GLDD price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	16	16.8%
Analysts Target Price	16	16.8%
ValueRay Target Price	14.6	6.2%

GLDD Fundamental Data Overview January 12, 2026

P/E Trailing = 11.1849
P/E Forward = 12.9199
P/S = 1.0844
P/B = 1.8025
P/EG = 1.0151
Revenue TTM = 834.6m USD
EBIT TTM = 125.1m USD
EBITDA TTM = 167.6m USD
Long Term Debt = 415.3m USD (from longTermDebt, last quarter)
Short Term Debt = 26.6m USD (from shortTermDebt, last quarter)
Debt = 486.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 473.9m USD (from netDebt column, last quarter)
Enterprise Value = 1.38b USD (905.1m + Debt 486.6m - CCE 12.7m)
Interest Coverage Ratio = 6.90 (Ebit TTM 125.1m / Interest Expense TTM 18.1m)
EV/FCF = 57.62x (Enterprise Value 1.38b / FCF TTM 23.9m)
FCF Yield = 1.74% (FCF TTM 23.9m / Enterprise Value 1.38b)
FCF Margin = 2.87% (FCF TTM 23.9m / Revenue TTM 834.6m)
Net Margin = 9.65% (Net Income TTM 80.6m / Revenue TTM 834.6m)
Gross Margin = 23.82% ((Revenue TTM 834.6m - Cost of Revenue TTM 635.8m) / Revenue TTM)
Gross Margin QoQ = 22.42% (prev 18.87%)
Tobins Q-Ratio = 1.09 (Enterprise Value 1.38b / Total Assets 1.27b)
Interest Expense / Debt = 0.94% (Interest Expense 4.56m / Debt 486.6m)
Taxrate = 25.68% (6.12m / 23.8m)
NOPAT = 92.9m (EBIT 125.1m * (1 - 25.68%))
Current Ratio = 1.20 (Total Current Assets 229.8m / Total Current Liabilities 191.7m)
Debt / Equity = 0.97 (Debt 486.6m / totalStockholderEquity, last quarter 502.1m)
Debt / EBITDA = 2.83 (Net Debt 473.9m / EBITDA 167.6m)
Debt / FCF = 19.80 (Net Debt 473.9m / FCF TTM 23.9m)
Total Stockholder Equity = 478.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.68% (Net Income 80.6m / Total Assets 1.27b)
RoE = 16.84% (Net Income TTM 80.6m / Total Stockholder Equity 478.2m)
RoCE = 14.00% (EBIT 125.1m / Capital Employed (Equity 478.2m + L.T.Debt 415.3m))
RoIC = 10.30% (NOPAT 92.9m / Invested Capital 902.5m)
WACC = 6.65% (E(905.1m)/V(1.39b) * Re(9.85%) + D(486.6m)/V(1.39b) * Rd(0.94%) * (1-Tc(0.26)))
Discount Rate = 9.85% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.04%
[DCF Debug] Terminal Value 80.38% ; FCFF base≈23.9m ; Y1≈19.3m ; Y5≈13.3m
Fair Price DCF = N/A (negative equity: EV 329.6m - Net Debt 473.9m = -144.3m; debt exceeds intrinsic value)
EPS Correlation: 51.77 | EPS CAGR: -7.70% | SUE: -2.17 | # QB: 0
Revenue Correlation: 37.80 | Revenue CAGR: -1.92% | SUE: -0.34 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.31 | Chg30d=+0.020 | Revisions Net=+1 | Analysts=3
EPS next Year (2026-12-31): EPS=1.09 | Chg30d=+0.000 | Revisions Net=+1 | Growth EPS=-2.9% | Growth Revenue=+5.2%

Additional Sources for GLDD Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle