Willdan Group Inc (WLDN) - Net Assets
Based on the latest financial reports, Willdan Group Inc (WLDN) has net assets worth $310.35 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($511.68 Million) and total liabilities ($201.34 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 Willdan Group Inc (WLDN) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $310.35 Million |
| % of Total Assets | 60.65% |
| Annual Growth Rate | 18.73% |
| 5-Year Change | 70.1% |
| 10-Year Change | 510.7% |
| Growth Volatility | 43.59 |
Willdan Group Inc - Net Assets Trend (2001–2025)
This chart illustrates how Willdan Group Inc's net assets have evolved over time, based on quarterly financial data. See Willdan Group Inc (WLDN) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Willdan Group Inc (2001–2025)
The table below shows the annual net assets of Willdan Group Inc from 2001 to 2025. For live valuation and market cap data, see WLDN market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $304.85 Million | +30.09% |
| 2024-12-31 | $234.34 Million | +17.26% |
| 2023-12-31 | $199.84 Million | +10.11% |
| 2022-12-31 | $181.50 Million | +1.27% |
| 2021-12-31 | $179.22 Million | +5.95% |
| 2020-12-31 | $169.16 Million | +1.13% |
| 2019-12-31 | $167.28 Million | +15.93% |
| 2018-12-31 | $144.29 Million | +104.22% |
| 2017-12-31 | $70.65 Million | +41.54% |
| 2016-12-31 | $49.92 Million | +32.70% |
| 2015-12-31 | $37.62 Million | +23.68% |
| 2014-12-31 | $30.41 Million | +50.46% |
| 2013-12-31 | $20.21 Million | +16.49% |
| 2012-12-31 | $17.35 Million | -49.40% |
| 2011-12-31 | $34.29 Million | +6.63% |
| 2010-12-31 | $32.16 Million | +10.46% |
| 2009-12-31 | $29.12 Million | -15.20% |
| 2008-12-31 | $34.34 Million | -3.69% |
| 2007-12-31 | $35.65 Million | +8.59% |
| 2006-12-31 | $32.83 Million | +123.96% |
| 2005-12-31 | $14.66 Million | +27.73% |
| 2004-12-31 | $11.48 Million | -- |
| 2002-12-31 | $0.00 | -- |
| 2001-12-31 | $4.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Willdan Group Inc'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 8970400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $89.70 Million | 29.43% |
| Common Stock | $148.00K | 0.05% |
| Other Comprehensive Income | $-270.00K | -0.09% |
| Other Components | $215.27 Million | 70.61% |
| Total Equity | $304.85 Million | 100.00% |
Willdan Group Inc Competitors by Market Cap
The table below lists competitors of Willdan Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aerospace Industrial Development Corp
TW:2634
|
$1.40 Billion |
|
Rolls-Royce Holdings PLC
LSE:RR
|
$1.40 Billion |
|
CS Wind Corp
KO:112610
|
$1.40 Billion |
|
Qingdao Gaoce Technology Co Ltd
SHG:688556
|
$1.40 Billion |
|
KCE Electronics Public Company Limited
BK:KCE
|
$1.40 Billion |
|
Guangdong Alpha Animation and Culture Co Ltd
SHE:002292
|
$1.40 Billion |
|
Clearway Energy Inc
NYSE:CWEN-A
|
$1.40 Billion |
|
Sunwave Communications Co Ltd
SHE:002115
|
$1.40 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Willdan Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 234,343,000 to 304,851,000, a change of 70,508,000 (30.1%).
- Net income of 52,557,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 44,000.
- Other factors increased equity by 17,907,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $52.56 Million | +17.24% |
| Other Comprehensive Income | $44.00K | +0.01% |
| Other Changes | $17.91 Million | +5.87% |
| Total Change | $- | 30.09% |
Book Value vs Market Value Analysis
This analysis compares Willdan Group Inc'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: 4.58x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 67.87x to 4.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $1.37 | $92.68 | x |
| 2002-12-31 | $0.00 | $92.68 | x |
| 2004-12-31 | $3.14 | $92.68 | x |
| 2005-12-31 | $3.67 | $92.68 | x |
| 2006-12-31 | $6.70 | $92.68 | x |
| 2007-12-31 | $4.99 | $92.68 | x |
| 2008-12-31 | $4.80 | $92.68 | x |
| 2009-12-31 | $4.05 | $92.68 | x |
| 2010-12-31 | $4.40 | $92.68 | x |
| 2011-12-31 | $4.58 | $92.68 | x |
| 2012-12-31 | $2.37 | $92.68 | x |
| 2013-12-31 | $2.70 | $92.68 | x |
| 2014-12-31 | $3.93 | $92.68 | x |
| 2015-12-31 | $4.64 | $92.68 | x |
| 2016-12-31 | $5.83 | $92.68 | x |
| 2017-12-31 | $7.72 | $92.68 | x |
| 2018-12-31 | $14.78 | $92.68 | x |
| 2019-12-31 | $14.22 | $92.68 | x |
| 2020-12-31 | $14.34 | $92.68 | x |
| 2021-12-31 | $14.39 | $92.68 | x |
| 2022-12-31 | $13.95 | $92.68 | x |
| 2023-12-31 | $14.69 | $92.68 | x |
| 2024-12-31 | $16.45 | $92.68 | x |
| 2025-12-31 | $20.23 | $92.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Willdan Group Inc 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): 17.24%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.71%
- • Asset Turnover: 1.25x
- • Equity Multiplier: 1.79x
- Recent ROE (17.24%) is above the historical average (3.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 40.94% | 0.00% | 0.00x | 3.73x | $1.53 Million |
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | $1.51 Million |
| 2004 | 32.87% | 6.47% | 2.51x | 2.02x | $2.62 Million |
| 2005 | -9.42% | -2.05% | 2.05x | 2.24x | $-2.85 Million |
| 2006 | 19.15% | 8.03% | 1.37x | 1.74x | $3.01 Million |
| 2007 | 6.01% | 2.72% | 1.63x | 1.35x | $-1.42 Million |
| 2008 | -4.67% | -2.19% | 1.54x | 1.39x | $-5.04 Million |
| 2009 | -19.15% | -9.05% | 1.53x | 1.39x | $-8.49 Million |
| 2010 | 8.46% | 3.49% | 1.58x | 1.54x | $-496.20K |
| 2011 | 5.34% | 1.71% | 1.67x | 1.88x | $-1.60 Million |
| 2012 | -99.71% | -18.51% | 2.23x | 2.42x | $-19.04 Million |
| 2013 | 13.01% | 3.08% | 2.24x | 1.89x | $608.70K |
| 2014 | 30.96% | 8.71% | 1.98x | 1.80x | $6.37 Million |
| 2015 | 11.32% | 3.15% | 1.87x | 1.92x | $497.40K |
| 2016 | 16.63% | 3.97% | 1.93x | 2.17x | $3.31 Million |
| 2017 | 17.17% | 4.44% | 1.98x | 1.96x | $5.06 Million |
| 2018 | 6.95% | 3.68% | 0.90x | 2.09x | $-4.40 Million |
| 2019 | 2.89% | 1.09% | 1.01x | 2.63x | $-11.89 Million |
| 2020 | -8.57% | -3.71% | 0.97x | 2.38x | $-31.41 Million |
| 2021 | -4.70% | -2.38% | 0.90x | 2.20x | $-26.34 Million |
| 2022 | -4.65% | -1.97% | 1.05x | 2.26x | $-26.60 Million |
| 2023 | 5.47% | 2.14% | 1.23x | 2.08x | $-9.06 Million |
| 2024 | 9.63% | 3.99% | 1.22x | 1.98x | $-864.30K |
| 2025 | 17.24% | 7.71% | 1.25x | 1.79x | $22.07 Million |
Industry Comparison
This section compares Willdan Group Inc'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 |
|---|---|---|---|---|
| Willdan Group Inc (WLDN) | $310.35 Million | 40.94% | 0.65x | $1.40 Billion |
| 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 Willdan Group Inc
Willdan Group, Inc., together with its subsidiaries, provides professional, technical, and consulting services through engineering, program management, policy advisory, and software and data analytics primarily in the United States. The company operates in two segments: Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementa… Read more