Willdan Group, Inc. (WLDN) intrinsic value & 10-year financials
Willdan Group, Inc. (WLDN) has a Graham intrinsic value of $107.85 per share. At $72.23 on Oct 17, 2026, the stock trades 33% below that value. Over the last 10 fiscal years revenue grew 22.7% a year to $681.6M, with an average return on invested capital of 10.5%.
- Graham intrinsic value
- $107.85
- Share price (Oct 17, 2026)
- $72.23
- Price vs Graham value
- 33% below
- Market cap
- $1.1B
- Revenue (FY2026)
- $681.6M
- Revenue growth (10-yr CAGR)
- 22.7%
- ROIC (10-yr avg)
- 10.5%
- Free cash flow (FY2026)
- $70.7M
WLDN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $681.6M | $52.6M | $3.49 | $70.7M | 6.5% | 15.7% |
| FY2024 | $565.8M | $22.6M | $1.58 | $63.7M | 5.5% | 9.7% |
| FY2023 | $510.1M | $10.9M | $0.80 | $29.3M | 4.3% | 5.7% |
| FY2022 | $429.1M | -$8.4M | -$0.65 | -$169.0K | -1.6% | -1.8% |
| FY2021 | $353.8M | -$8.4M | -$0.68 | $1.3M | -2.5% | -2.0% |
| FY2019 | $443.1M | $4.8M | $0.41 | $5.0M | 2.1% | 3.7% |
| FY2018 | $272.3M | $10.0M | $1.03 | $5.5M | 4.7% | 5.3% |
| FY2017 | $273.4M | $12.1M | $1.32 | $8.9M | 5.0% | 20.1% |
| FY2016 | $208.9M | $8.3M | $0.97 | $19.9M | 5.5% | 21.0% |
| FY2015 | $108.1M | $9.4M | $1.22 | $12.1M | 7.7% | 27.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Willdan Group, Inc. is a consistent compounder, expanding top-line revenue at 22.7% annually over the past decade.
Willdan Group, Inc. returns on capital have been average, hovering around 10.5% ROIC over the decade.
Willdan Group, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Willdan Group, Inc. is modeled at 13.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $107.85 per share.