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Willdan Group (WLDN) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Willdan Group (WLDN) Q3 2026 earnings results →
Q3 2026 Revenue up 18% year over year to $215M · 6¢ of every $1 of revenue kept as net profit · operating margin 7.6%
Willdan Group made $215M in Q3 2026 (+18% Y/Y): Energy $185M, Engineering and Consulting $29.7M. Operating margin 7.6%, net earnings $11.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $214.5M in Q3 2026, up 18% year over year and down 7% from the previous quarter. Energy was the largest line at 86% of revenue. Energy added $30.1M year over year (up 19%), 92% of the total change.
Gross margin was 38.4%, up 1.6 points from Q3 2025. Operating profit was $16.3M, a 7.6% margin (down 0.6 points year over year). Of the extra revenue versus Q3 2025, 4% reached operating profit, below the 8% margin then. Operating expenses grew 27% against revenue growth of 18%. Net earnings were $11.9M, down 14% year over year. The effective tax rate was 23.0%.
Operating cash flow was $13.4M (up 10% year over year), 113% of net earnings. Non-cash charges added back $5.8M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items used $9.2M. Capital expenditures of $1.5M left free cash flow of $11.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $215M | +18% | 7.6% | $11.9M | $13.4M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $231M | +33% | 8.5% | $24.3M | $43.9M |
| Q1 2026 | 10-Q | May 8, 2026 | $155M | +2% | 4.7% | $8.5M | −$24.4M |
| Q4 2025 | 10-K | Feb 27, 2026 | $174M | +21% | 6.0% | $18.7M | $39.2M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $182M | +15% | 8.2% | $13.7M | $12.2M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $173M | +23% | 6.8% | $15.4M | $25.4M |
| Q1 2025 | 10-Q | May 9, 2025 | $152M | +24% | 4.6% | $4.7M | $3.3M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- SCE-PM — 27% of its revenue · Stated in 10-K (sentence) · source
About Willdan Group
Willdan Group, Inc. (“Willdan”) is a provider of professional, technical and consulting services to utilities, private industry, and public agencies at all levels of government. As resource and infrastructure needs undergo continuous change, we help organizations and their communities evolve and thrive by providing a wide range of technical services for energy solutions, greenhouse gas reduction, and government infrastructure needs. Through engineering, program management, policy advisory, and software and data analytics, we plan, design and deliver comprehensive, innovative, cost-effective and proven solutions to improve efficiency, resiliency, and sustainability in energy and infrastructure to our clients.
In its own words, from its 10-K, filed Feb 27, 2026.
Willdan Group against its Services-Engineering Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +18% against the peers' median +5%. Operating margin: 7.6% against the peers' median 7.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| WLDN Willdan Group | Q3 2026 | $215M | +18% | 7.6% |
| ACM AECOM | Q4 FY25 | $4.2B | +2% | 5.7% |
| TTEK Tetra Tech | Q3 FY26 | $1.3B | -4% | 12.1% |
| VSEC VSE | Q3 2026 | $541M | +91% | 14.3% |
| MG Mistras Group | Q3 2026 | $205M | +5% | 7.4% |
| ACFN Acorn Energy | Q3 2026 | $2.6M | +5% | 7.3% |
| HYOR HyOrc | Q2 2026 | $24K | — | 100.0% |
| OFAL OFA | Q1 FY27 | $15K | -22% | n/m |
Source: Willdan Group 10-Q on SEC EDGAR · CIK 1370450 · Services-Engineering Services
Guidance and outlook
13F: who owns WLDN and who is buying
More on WLDN
- How Willdan Group makes money: revenue by segment
- Willdan Group next earnings date and what analysts expect
- Willdan Group stock forecast, price target and fair value
- Who owns Willdan Group stock: holders, funds and Congress trades
- Willdan Group guidance and outlook
- Is Willdan Group a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Willdan Group guidance history: guided vs reported
- Willdan Group gross margin by quarter
- Willdan Group operating margin by quarter
- Willdan Group net income by quarter
- Willdan Group free cash flow by quarter
- Willdan Group capital expenditures by quarter
- Willdan Group Energy revenue by quarter
- Willdan Group Engineering and Consulting revenue by quarter