Great Lakes Dredge & Dock (GLDD) - Net Assets
Based on the latest financial reports, Great Lakes Dredge & Dock (GLDD) has net assets worth $502.11 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.27 Billion) and total liabilities ($765.63 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check GLDD goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $502.11 Million |
| % of Total Assets | 39.61% |
| Annual Growth Rate | N/A |
| 5-Year Change | 29.49% |
| 10-Year Change | 78.02% |
| Growth Volatility | 35996.84 |
Great Lakes Dredge & Dock - Net Assets Trend (2000–2024)
This chart illustrates how Great Lakes Dredge & Dock's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Great Lakes Dredge & Dock to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Great Lakes Dredge & Dock (2000–2024)
The table below shows the annual net assets of Great Lakes Dredge & Dock from 2000 to 2024. For live valuation and market cap data, see how much is Great Lakes Dredge & Dock worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $448.91 Million | +16.43% |
| 2023-12-31 | $385.55 Million | +4.71% |
| 2022-12-31 | $368.22 Million | -7.71% |
| 2021-12-31 | $399.00 Million | +15.09% |
| 2020-12-31 | $346.67 Million | +24.08% |
| 2019-12-31 | $279.40 Million | +30.00% |
| 2018-12-31 | $214.93 Million | -2.88% |
| 2017-12-31 | $221.30 Million | -10.73% |
| 2016-12-31 | $247.89 Million | -1.70% |
| 2015-12-31 | $252.17 Million | -1.48% |
| 2014-12-31 | $255.96 Million | +5.73% |
| 2013-12-31 | $242.10 Million | -11.46% |
| 2012-12-31 | $273.43 Million | -6.53% |
| 2011-12-31 | $292.54 Million | +5.68% |
| 2010-12-31 | $276.82 Million | +13.20% |
| 2009-12-31 | $244.55 Million | +7.21% |
| 2008-12-31 | $228.11 Million | -0.99% |
| 2007-12-31 | $230.40 Million | +76.51% |
| 2006-12-31 | $130.53 Million | +215.83% |
| 2005-12-31 | $41.33 Million | +172821.15% |
| 2004-12-31 | $23.90K | -99.76% |
| 2003-12-31 | $10.00 Million | +180.65% |
| 2002-12-31 | $-12.40 Million | -103.58% |
| 2001-12-31 | $346.67 Million | +1299.09% |
| 2000-12-31 | $-28.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Great Lakes Dredge & Dock's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 12748500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $127.48 Million | 28.40% |
| Common Stock | $7.00K | 0.00% |
| Other Comprehensive Income | $-965.00K | -0.21% |
| Other Components | $322.38 Million | 71.81% |
| Total Equity | $448.91 Million | 100.00% |
Great Lakes Dredge & Dock Competitors by Market Cap
The table below lists competitors of Great Lakes Dredge & Dock ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alpha Networks Inc
TW:3380
|
$604.18 Million |
|
Jianmin Pharmaceutical Group Co Ltd
SHG:600976
|
$604.72 Million |
|
Farglory FTZ Investment Holding Co Ltd
TW:5607
|
$604.74 Million |
|
Kunshan Asia Aroma Corp. Ltd.
SHE:301220
|
$604.80 Million |
|
Stylam Industries Limited
NSE:STYLAMIND
|
$603.73 Million |
|
Qingdao Copton Technology Co Ltd
SHG:603798
|
$603.43 Million |
|
Cracker Barrel Old Country Store
NASDAQ:CBRL
|
$603.26 Million |
|
HealthStream Inc
NASDAQ:HSTM
|
$603.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Great Lakes Dredge & Dock's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 385,548,000 to 448,910,000, a change of 63,362,000 (16.4%).
- Net income of 57,265,000 contributed positively to equity growth.
- Share repurchases of 1,332,000 reduced equity.
- Other comprehensive income increased equity by 1,049,999.
- Other factors increased equity by 6,379,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $57.27 Million | +12.76% |
| Share Repurchases | $1.33 Million | -0.3% |
| Other Comprehensive Income | $1.05 Million | +0.23% |
| Other Changes | $6.38 Million | +1.42% |
| Total Change | $- | 16.43% |
Book Value vs Market Value Analysis
This analysis compares Great Lakes Dredge & Dock's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.34x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $6.25 | $8.87 | x |
| 2002-12-31 | $-0.22 | $8.87 | x |
| 2003-12-31 | $0.18 | $8.87 | x |
| 2004-12-31 | $1.55 | $8.87 | x |
| 2005-12-31 | $1.42 | $8.87 | x |
| 2006-12-31 | $2.32 | $8.87 | x |
| 2007-12-31 | $4.37 | $8.87 | x |
| 2008-12-31 | $3.89 | $8.87 | x |
| 2009-12-31 | $4.19 | $8.87 | x |
| 2010-12-31 | $4.74 | $8.87 | x |
| 2011-12-31 | $4.94 | $8.87 | x |
| 2012-12-31 | $4.58 | $8.87 | x |
| 2013-12-31 | $4.03 | $8.87 | x |
| 2014-12-31 | $4.23 | $8.87 | x |
| 2015-12-31 | $4.17 | $8.87 | x |
| 2016-12-31 | $4.04 | $8.87 | x |
| 2017-12-31 | $3.61 | $8.87 | x |
| 2018-12-31 | $3.38 | $8.87 | x |
| 2019-12-31 | $4.30 | $8.87 | x |
| 2020-12-31 | $5.26 | $8.87 | x |
| 2021-12-31 | $6.02 | $8.87 | x |
| 2022-12-31 | $5.57 | $8.87 | x |
| 2023-12-31 | $5.76 | $8.87 | x |
| 2024-12-31 | $6.62 | $8.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Great Lakes Dredge & Dock utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.76%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.51%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 2.91x
- Recent ROE (12.76%) is above the historical average (1.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 1.87% | 2.04% | 0.33x | 2.76x | $-28.17 Million |
| 2002 | 0.00% | 3.59% | 1.26x | 0.00x | $14.24 Million |
| 2003 | -16.00% | -0.40% | 0.76x | 52.29x | $-2.60 Million |
| 2004 | 0.00% | 0.00% | 3693.28x | 0.00x | $-8.59 Million |
| 2005 | 0.42% | 0.08% | 8.20x | 0.66x | $-7.54 Million |
| 2006 | 1.70% | 0.51% | 0.81x | 4.11x | $-10.67 Million |
| 2007 | 3.09% | 1.37% | 0.83x | 2.73x | $-15.78 Million |
| 2008 | 2.19% | 0.85% | 0.88x | 2.93x | $-17.75 Million |
| 2009 | 7.11% | 2.81% | 0.94x | 2.71x | $-7.11 Million |
| 2010 | 12.41% | 5.04% | 0.99x | 2.49x | $6.71 Million |
| 2011 | 5.65% | 2.65% | 0.79x | 2.70x | $-12.73 Million |
| 2012 | -0.99% | -0.39% | 0.83x | 3.02x | $-30.04 Million |
| 2013 | -14.19% | -4.70% | 0.88x | 3.45x | $-58.57 Million |
| 2014 | 4.02% | 1.28% | 0.90x | 3.49x | $-15.30 Million |
| 2015 | -2.45% | -0.72% | 0.95x | 3.58x | $-31.41 Million |
| 2016 | -3.30% | -1.07% | 0.86x | 3.60x | $-32.97 Million |
| 2017 | -14.13% | -5.28% | 0.71x | 3.76x | $-53.39 Million |
| 2018 | -2.93% | -1.01% | 0.85x | 3.40x | $-27.79 Million |
| 2019 | 17.66% | 6.93% | 0.79x | 3.21x | $21.40 Million |
| 2020 | 19.07% | 9.01% | 0.77x | 2.76x | $31.44 Million |
| 2021 | 12.39% | 6.81% | 0.73x | 2.50x | $9.53 Million |
| 2022 | -9.25% | -5.25% | 0.66x | 2.67x | $-70.88 Million |
| 2023 | 3.61% | 2.36% | 0.53x | 2.88x | $-24.65 Million |
| 2024 | 12.76% | 7.51% | 0.58x | 2.91x | $12.37 Million |
Industry Comparison
This section compares Great Lakes Dredge & Dock's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $826,293,770
- Average return on equity (ROE) among peers: -21.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Great Lakes Dredge & Dock (GLDD) | $502.11 Million | 1.87% | 1.52x | $603.99 Million |
| Arcosa Inc (ACA) | $1.41 Billion | 6.37% | 0.14x | $6.03 Billion |
| Aecom Technology Corporation (ACM) | $2.27 Billion | 10.11% | 1.69x | $8.98 Billion |
| Argan Inc (AGX) | $100.96 Million | 9.18% | 1.03x | $8.69 Billion |
| Ameresco Inc (AMRC) | $750.45 Million | 9.39% | 1.96x | $949.62 Million |
| Api Group Corp (APG) | $2.32 Billion | 2.02% | 1.22x | $18.11 Billion |
| Concrete Pumping Holdings Class A (BBCP) | $308.24 Million | 10.31% | 1.93x | $401.56 Million |
| Topbuild Corp (BLD) | $1.07 Billion | 12.57% | 1.29x | $11.34 Billion |
| Blink Charging Co (BLNK) | $10.70K | -286.85% | 1.13x | $93.98 Million |
| Bowman Consulting Group Ltd (BWMN) | $17.14 Million | 5.78% | 2.71x | $483.57 Million |
| Cadeler A/S (CDLR) | $10.66 Million | 8.62% | 11.65x | $2.13 Billion |
About Great Lakes Dredge & Dock
Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company offers capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures. It is also involved in coastal … Read more