Great Lakes Dredge & Dock Corporation(GLDD)Earnings, Financials & Key Ratios

GLDD•NASDAQ

$17.00

15.7× P/E·Price updated Jun 20, 2026

SectorIndustrials IndustryEngineering & Construction Sub-IndustryMarine construction and dredging

AboutGreat Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in 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 protection projects that comprises of moving sand from the ocean floor to shoreline locations where erosion threatens shoreline assets; maintenance dredging, which consists of the re-dredging of previously deepened waterways and harbors to remove silt, sand, and other accumulated sediments; land reclamations, channel deepening, and port infrastructure development; and lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects. The company serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns, such as utilities, oil, and other energy companies. It operates a fleet of 18 dredges, 17 material transportation barges, 1 drillboat, and various other support vessels. The company was formerly known as Lydon & Drews Partnership and changed its name to Great Lakes Dredge & Dock Corporation in 1905. Great Lakes Dredge & Dock Corporation was founded in 1890 and is headquartered in Houston, Texas.Show more

Revenue$888M+16.5%
EBITDA$169M+24.7%
Net Income$73M+28.3%
EPS (Diluted)1.08+28.6%
Gross Margin22.91%+8.8%
EBITDA Margin19.02%+7.0%
Operating Margin14.13%+16.1%
Net Margin8.27%+10.2%
ROE15.21%+10.8%

GLDD Price & Volume

Great Lakes Dredge & Dock Corporation (GLDD) stock price & volume — 10-year historical chart

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Fleet Modernization Drives Long Term Asset Growth

Investment Thesis • Updated 2025Q4

VerdictNeutral

Growth:Mixed

Profitability:Moderate

Financial:Healthy

Cash Flow:Mixed

Primary Risk:Federal budget dependency

Key Thesis Takeaways

Great Lakes Dredge & Dock is navigating a capital-intensive fleet renewal cycle that has successfully expanded its equity base to $517.1M as of 2025Q4.
While the company benefits from significant regulatory barriers, its profitability remains tethered to the lumpiness of USACE project awards and federal budget cycles.
Investors should monitor the company's ability to maintain consistent free cash flow, which has shown extreme volatility, swinging from a negative 30.2% margin in 2023Q4 to a positive 19.6% in 2025Q4.

Verdict Logic

while the company has successfully reduced its debt-to-equity ratio to 0.89, the high volatility in free cash flow margins and reliance on federal appropriations warrant a cautious approach until operational cash generation stabilizes.

GLDD Growth Metrics

Great Lakes Dredge & Dock Corporation (GLDD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years0.36%

5 Years3.9%

3 Years11.04%

TTM16.47%

Profit CAGR

10 Years-

5 Years2.14%

3 Years-

TTM28.3%

EPS CAGR

10 Years-

5 Years1.55%

3 Years-

TTM28.57%

Return on Capital

10 Years7.1%

5 Years6.15%

3 Years7.94%

Last Year11.41%

GLDD Recent Earnings

Great Lakes Dredge & Dock Corporation (GLDD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 10/12 qtrs (83%)●Beat Revenue 5/12 qtrs (42%)

Q1 2026Latest

Feb 24, 2026

Metric

Actual

Est

EPS

$0.30+50.0%

$0.20

Rev

$257M+19.7%

$214M

Q1 2026

Feb 23, 2026

Metric

Actual

Est

EPS

$0.30+50.0%

$0.20

Rev

$257M+19.7%

$214M

Q4 2025

Nov 4, 2025

Metric

Actual

Est

EPS

$0.26+52.9%

$0.17

Rev

$195M-9.8%

$216M

Q3 2025

Aug 5, 2025

Metric

Actual

Est

EPS

$0.14+75.0%

$0.08

Rev

$194M-3.6%

$201M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 24, 2026	$0.30vs $0.20+50.0%	$257Mvs $214M+19.7%
Q1 2026	Feb 23, 2026	$0.30vs $0.20+50.0%	$257Mvs $214M+19.7%
Q4 2025	Nov 4, 2025	$0.26vs $0.17+52.9%	$195Mvs $216M-9.8%
Q3 2025	Aug 5, 2025	$0.14vs $0.08+75.0%	$194Mvs $201M-3.6%

Based on last 12 quarters of dataView full earnings history →

Latest GLDD News

Recent stock market news and headlines for Great Lakes Dredge & Dock Corporation (GLDD)

GlobeNewsWire·Jun 25, 2026

Great Lakes Dredge & Dock Takes Delivery of Acadia, a State-of-the-Art Subsea Rock Installation Vessel

HOUSTON, June 25, 2026 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”), the largest provider of dredging services in the United States, today announced it has taken delivery of Acadia, a cutting-edge Jones Act-compliant subsea rock installation vessel, from Hanwha Philly Shipyard in Philadelphia, Pennsylvania. The delivery of Acadia marks a significant milestone in Great Lakes' strategic expansion into the offshore energy sector and reinforces the Company's commitment to supporting U.S. and international energy security ambitions.

Peers Comparison

Key metrics vs top competitors for Great Lakes Dredge & Dock Corporation (GLDD)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
GLDDGreat Lakes Dredge & Dock CorporationCurrent	$17.00	$1.14B	15.74	16.47%	8.27%	15.21%	—
CIVICivitas Resources, Inc.	$27.38	$2.34B	3.24	49.76%	13.56%	9.55%	—
GVAGranite Construction Incorporated	$148.41	$6.49B	40.88	10.4%	3.99%	16.01%	—
PRIMPrimoris Services Corporation	$90.20	$4.89B	17.97	18.97%	3.31%	15.21%	—
STRLSterling Infrastructure, Inc.	$776.55	$23.83B	82.79	17.69%	12.02%	32.26%	—
ROADConstruction Partners, Inc.	$108.09	$6.11B	58.74	54.2%	3.9%	13.68%	—

Compare GLDD vs Peers

Great Lakes Dredge & Dock Corporation (GLDD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CIVI

Most directly comparable listed peer for GLDD.

Scale Benchmark

vs CAT

Larger-name benchmark to compare GLDD against a more recognizable public peer.

Peer Set

Compare Top 5

vs CIVI, GVA, PRIM, STRL

GLDD SEC Filings & Documents

Great Lakes Dredge & Dock Corporation (GLDD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 1, 2026·SEC

Material company update

Mar 20, 2026·SEC

Material company update

Mar 18, 2026·SEC

10-K Annual Reports

FY 2026

Feb 23, 2026·SEC

FY 2025

Feb 21, 2025·SEC

10-Q Quarterly Reports

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 5, 2025·SEC

FY 2025

May 6, 2025·SEC

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GLDD Frequently Asked Questions

Great Lakes Dredge & Dock Corporation (GLDD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Great Lakes Dredge & Dock Corporation's revenue?

Great Lakes Dredge & Dock Corporation (GLDD) reported $888.3M in revenue for fiscal year 2025. This represents a 179% increase from $318.8M in 2001.

How fast is Great Lakes Dredge & Dock Corporation growing?

Great Lakes Dredge & Dock Corporation (GLDD) grew revenue by 16.5% over the past year. This is strong growth.

Is GLDD profitable?

Yes, Great Lakes Dredge & Dock Corporation (GLDD) is profitable, generating $73.5M in net income for fiscal year 2025 (8.3% net margin).

Dividend & Returns

What is GLDD's return on equity?

Great Lakes Dredge & Dock Corporation (GLDD) has a return on equity (ROE) of 15.2%. This is reasonable for most industries.

What is Great Lakes Dredge & Dock Corporation's free cash flow?

Great Lakes Dredge & Dock Corporation (GLDD) generated $99.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in GLDD back in 2001?

Total return calculator · dividends reinvested · 25+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q1 2026Latest

Feb 24, 2026

$0.30vs $0.20+50.0%

$257Mvs $214M+19.7%

Q1 2026

Feb 23, 2026

$0.30vs $0.20+50.0%

$257Mvs $214M+19.7%

Q4 2025

Nov 4, 2025

$0.26vs $0.17+52.9%

$195Mvs $216M-9.8%

Q3 2025

Aug 5, 2025

$0.14vs $0.08+75.0%

$194Mvs $201M-3.6%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

GLDDGreat Lakes Dredge & Dock CorporationCurrent

$17.00

$1.14B

15.74

16.47%

8.27%

15.21%

—

CIVICivitas Resources, Inc.

$27.38

$2.34B

3.24

49.76%

13.56%

9.55%

—

GVAGranite Construction Incorporated

$148.41

$6.49B

40.88

10.4%

3.99%

16.01%

—

PRIMPrimoris Services Corporation

$90.20

$4.89B

17.97

18.97%

3.31%

15.21%

—

STRLSterling Infrastructure, Inc.

$776.55

$23.83B

82.79

17.69%

12.02%

32.26%

—

ROADConstruction Partners, Inc.

$108.09

$6.11B

58.74

54.2%

3.9%

13.68%

—