📊 GLDD Key Takeaways
Is Great Lakes Dredge & Dock CORP (GLDD) a Good Investment?
Great Lakes demonstrates solid operational fundamentals with healthy profitability margins (14.4% operating margin) and excellent cash generation (FCF of $99.5M, 11.2% FCF margin). The company maintains reasonable leverage (0.73x debt-to-equity) and generates sufficient cash to fund operations and debt service. However, liquidity position is tight and limits upside potential without visibility on revenue growth.
GLDD exhibits strong fundamentals with above-average operating and net margins and solid cash conversion, delivering double-digit free cash flow margin even after sizable capex. Leverage appears manageable and ROE is healthy, positioning the company to benefit from ongoing U.S. port deepening and coastal protection demand. Key watchouts are tight near-term liquidity and project timing that can swing working capital.
Why Buy Great Lakes Dredge & Dock CORP Stock? GLDD Key Strengths
- Strong profitability with 14.4% operating margin and 8.3% net margin indicating operational efficiency
- Excellent cash generation: $246.7M operating cash flow with $99.5M free cash flow demonstrates business quality and sustainability
- Moderate leverage at 0.73x debt-to-equity with debt coverage supported by robust operating cash flow
- Strong operating (14.4%) and net (8.3%) margins for the industry
- Robust operating cash flow and 11.2% FCF margin signaling quality earnings
- Attractive ROE (14.2%) with manageable leverage (D/E 0.73)
GLDD Stock Risks: Great Lakes Dredge & Dock CORP Investment Risks
- Tight liquidity position with current ratio of 1.01x and quick ratio of 0.88x provides minimal financial cushion
- Low cash balance of $13.4M relative to $1.3B asset base limits ability to weather operational disruptions or capitalize on opportunities
- No visibility on revenue/earnings growth trends (YoY metrics unavailable) obscures growth trajectory and market demand
- Tight liquidity (current 1.01x, quick 0.88x) and low cash balance
- Project timing/backlog and change-order risk driving revenue and WC volatility
- Interest-rate/refinancing risk with $378M long-term debt and unknown coverage
Key Metrics to Watch
- Cash and equivalents balance - must increase to strengthen liquidity position
- Operating cash flow consistency - critical metric for debt serviceability and business health
- Revenue growth and project backlog - essential to assess market demand and forward earnings trajectory
- Backlog and book-to-bill
- Interest coverage and liquidity (current/quick)
Great Lakes Dredge & Dock CORP (GLDD) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Great Lakes Dredge & Dock CORP presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
GLDD Profit Margin, ROE & Profitability Analysis
GLDD vs Industrial Sector: How Great Lakes Dredge & Dock CORP Compares
How Great Lakes Dredge & Dock CORP compares to Industrial sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Great Lakes Dredge & Dock CORP Stock Overvalued? GLDD Valuation Analysis 2026
Based on fundamental analysis, Great Lakes Dredge & Dock CORP has mixed fundamental signals relative to the Industrial sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Great Lakes Dredge & Dock CORP Balance Sheet: GLDD Debt, Cash & Liquidity
GLDD Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Great Lakes Dredge & Dock CORP's revenue has grown significantly by 21% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.21 reflects profitable operations.
GLDD Revenue Growth, EPS Growth & YoY Performance
GLDD Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $191.2M | $8.9M | $0.13 |
| Q2 2025 | $170.1M | $7.7M | $0.11 |
| Q1 2025 | $198.7M | $21.0M | $0.31 |
| Q3 2024 | $117.2M | -$6.2M | N/A |
| Q2 2024 | $132.7M | -$1.5M | $-0.02 |
| Q1 2024 | $158.0M | -$3.2M | $-0.05 |
| Q3 2023 | $117.2M | -$2.9M | $-0.04 |
| Q2 2023 | $132.7M | -$1.5M | $-0.02 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Great Lakes Dredge & Dock CORP Dividends, Buybacks & Capital Allocation
GLDD SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Great Lakes Dredge & Dock CORP (CIK: 0001372020)
📋 Recent SEC Filings
❓ Frequently Asked Questions about GLDD
What is the AI rating for GLDD?
Great Lakes Dredge & Dock CORP (GLDD) has a Combined AI Rating of BUY from Claude (BUY) and ChatGPT (BUY) with 71% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are GLDD's key strengths?
Claude: Strong profitability with 14.4% operating margin and 8.3% net margin indicating operational efficiency. Excellent cash generation: $246.7M operating cash flow with $99.5M free cash flow demonstrates business quality and sustainability. ChatGPT: Strong operating (14.4%) and net (8.3%) margins for the industry. Robust operating cash flow and 11.2% FCF margin signaling quality earnings.
What are the risks of investing in GLDD?
Claude: Tight liquidity position with current ratio of 1.01x and quick ratio of 0.88x provides minimal financial cushion. Low cash balance of $13.4M relative to $1.3B asset base limits ability to weather operational disruptions or capitalize on opportunities. ChatGPT: Tight liquidity (current 1.01x, quick 0.88x) and low cash balance. Project timing/backlog and change-order risk driving revenue and WC volatility.
What is GLDD's revenue and growth?
Great Lakes Dredge & Dock CORP reported revenue of $888.3M.
Does GLDD pay dividends?
Great Lakes Dredge & Dock CORP pays dividends, with $18.6M distributed to shareholders in the trailing twelve months.
Where can I find GLDD SEC filings?
Official SEC filings for Great Lakes Dredge & Dock CORP (CIK: 0001372020) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is GLDD's EPS?
Great Lakes Dredge & Dock CORP has a diluted EPS of $1.08.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is GLDD a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Great Lakes Dredge & Dock CORP has a BUY rating with 71% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is GLDD stock overvalued or undervalued?
Valuation metrics for GLDD: ROE of 14.2% (sector avg: 15%), net margin of 8.3% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy GLDD stock in 2026?
Our dual AI analysis gives Great Lakes Dredge & Dock CORP a combined BUY rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is GLDD's free cash flow?
Great Lakes Dredge & Dock CORP's operating cash flow is $246.7M, with capital expenditures of $147.2M. FCF margin is 11.2%.
How does GLDD compare to other Industrial stocks?
Vs Industrial sector averages: Net margin 8.3% (avg: 10%), ROE 14.2% (avg: 15%), current ratio 1.01 (avg: 1.8).