Shimmick (SHIM)
Market Price (2/28/2026): $3.53 | Market Cap: $125.0 MilSector: Industrials | Industry: Construction & Engineering
Shimmick (SHIM)
Market Price (2/28/2026): $3.53Market Cap: $125.0 MilSector: IndustrialsIndustry: Construction & Engineering
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Wastewater Management, Show more. | Weak multi-year price returns2Y Excs Rtn is -79%, 3Y Excs Rtn is -117% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -57 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -11% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.6%, Rev Chg QQuarterly Revenue Change % is -15% | ||
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.2%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.5% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -53% | ||
| Key risksSHIM key risks include [1] a high potential for bankruptcy, Show more. |
| Megatrend and thematic driversMegatrends include Water Infrastructure, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Wastewater Management, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -79%, 3Y Excs Rtn is -117% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -57 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -11% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.6%, Rev Chg QQuarterly Revenue Change % is -15% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.2%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.5% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -53% |
| Key risksSHIM key risks include [1] a high potential for bankruptcy, Show more. |
Qualitative Assessment
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Shimmick (SHIM) stock has gained about 50% since 10/31/2025 because of the following key factors:
1. Significant New Contract Wins and Project Backlog Growth.
Shimmick experienced positive stock reactions following announcements of new project awards. For instance, on December 16, 2025, the company announced it was the preferred bidder on $81.5 million in water and electrical projects in the Los Angeles market. This built upon earlier contract wins, such as the $78 million in new infrastructure projects in California and Washington announced in September 2025. These contract successes contribute to a growing backlog, which stood at approximately $754 million as of October 3, 2025, representing a 15% increase quarter over quarter, indicating a strong pipeline for future revenue.
2. Strong Third Quarter 2025 Financial Results Exceeding Expectations.
On November 13, 2025, Shimmick announced its Third Quarter 2025 results, reporting revenue of $142 million, which surpassed analysts' consensus estimates by $22 million. The company also reported positive Adjusted EBITDA of $4 million and a 6% year-over-year increase in revenue from "Shimmick Projects," which focus on critical infrastructure. While a net loss of $4 million was recognized, primarily due to non-core projects, the overall operational improvements and revenue beat positively impacted investor sentiment.
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1. Significant New Contract Wins and Project Backlog Growth.
Shimmick experienced positive stock reactions following announcements of new project awards. For instance, on December 16, 2025, the company announced it was the preferred bidder on $81.5 million in water and electrical projects in the Los Angeles market. This built upon earlier contract wins, such as the $78 million in new infrastructure projects in California and Washington announced in September 2025. These contract successes contribute to a growing backlog, which stood at approximately $754 million as of October 3, 2025, representing a 15% increase quarter over quarter, indicating a strong pipeline for future revenue.
2. Strong Third Quarter 2025 Financial Results Exceeding Expectations.
On November 13, 2025, Shimmick announced its Third Quarter 2025 results, reporting revenue of $142 million, which surpassed analysts' consensus estimates by $22 million. The company also reported positive Adjusted EBITDA of $4 million and a 6% year-over-year increase in revenue from "Shimmick Projects," which focus on critical infrastructure. While a net loss of $4 million was recognized, primarily due to non-core projects, the overall operational improvements and revenue beat positively impacted investor sentiment.
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Stock Movement Drivers
Fundamental Drivers
The 51.9% change in SHIM stock from 10/31/2025 to 2/27/2026 was primarily driven by a 62.8% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2272026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.33 | 3.54 | 51.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 520 | 496 | -4.6% |
| P/S Multiple | 0.2 | 0.3 | 62.8% |
| Shares Outstanding (Mil) | 35 | 35 | -2.2% |
| Cumulative Contribution | 51.9% |
Market Drivers
10/31/2025 to 2/27/2026| Return | Correlation | |
|---|---|---|
| SHIM | 51.9% | |
| Market (SPY) | 0.6% | 26.9% |
| Sector (XLI) | 14.2% | 20.6% |
Fundamental Drivers
The 100.0% change in SHIM stock from 7/31/2025 to 2/27/2026 was primarily driven by a 100.7% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2272026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.77 | 3.54 | 100.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 482 | 496 | 2.8% |
| P/S Multiple | 0.1 | 0.3 | 100.7% |
| Shares Outstanding (Mil) | 34 | 35 | -3.1% |
| Cumulative Contribution | 100.0% |
Market Drivers
7/31/2025 to 2/27/2026| Return | Correlation | |
|---|---|---|
| SHIM | 100.0% | |
| Market (SPY) | 8.8% | 16.2% |
| Sector (XLI) | 17.0% | 13.0% |
Fundamental Drivers
The 35.1% change in SHIM stock from 1/31/2025 to 2/27/2026 was primarily driven by a 47.2% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2272026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.62 | 3.54 | 35.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 515 | 496 | -3.6% |
| P/S Multiple | 0.2 | 0.3 | 47.2% |
| Shares Outstanding (Mil) | 34 | 35 | -4.7% |
| Cumulative Contribution | 35.1% |
Market Drivers
1/31/2025 to 2/27/2026| Return | Correlation | |
|---|---|---|
| SHIM | 35.1% | |
| Market (SPY) | 15.0% | 24.2% |
| Sector (XLI) | 29.4% | 26.7% |
Fundamental Drivers
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Market Drivers
1/31/2023 to 2/27/2026| Return | Correlation | |
|---|---|---|
| SHIM | ||
| Market (SPY) | 75.0% | 9.3% |
| Sector (XLI) | 81.5% | 11.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SHIM Return | - | - | 3% | -61% | 13% | 32% | -40% |
| Peers Return | 19% | -13% | 66% | 92% | 77% | 33% | 676% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 84% |
Monthly Win Rates [3] | |||||||
| SHIM Win Rate | - | - | 50% | 25% | 50% | 100% | |
| Peers Win Rate | 58% | 47% | 57% | 58% | 63% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SHIM Max Drawdown | - | - | -9% | -77% | -49% | 0% | |
| Peers Max Drawdown | -8% | -37% | -17% | -13% | -26% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: STRL, GVA, TPC, ORN, MTZ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/27/2026 (YTD)
How Low Can It Go
SHIM has limited trading history. Below is the Industrials sector ETF (XLI) in its place.
| Event | XLI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -22.6% | -25.4% |
| % Gain to Breakeven | 29.2% | 34.1% |
| Time to Breakeven | 273 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -42.8% | -33.9% |
| % Gain to Breakeven | 74.8% | 51.3% |
| Time to Breakeven | 232 days | 148 days |
| 2018 Correction | ||
| % Loss | -24.6% | -19.8% |
| % Gain to Breakeven | 32.6% | 24.7% |
| Time to Breakeven | 312 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -63.3% | -56.8% |
| % Gain to Breakeven | 172.8% | 131.3% |
| Time to Breakeven | 1,463 days | 1,480 days |
Compare to STRL, GVA, TPC, ORN, MTZ
In The Past
SPDR Select Sector Fund's stock fell -22.6% during the 2022 Inflation Shock from a high on 1/4/2022. A -22.6% loss requires a 29.2% gain to breakeven.
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About Shimmick (SHIM)
We are a leading provider of water and other critical infrastructure solutions nationwide. Through our predecessor entities, we have a long history of working on complex water projects, ranging from the world’s largest wastewater recycling and purification system in California to the iconic Hoover Dam. According to Engineering News Record, in 2022 we were nationally ranked as a top ten builder of dams and reservoirs (#1), water supply (#3), water treatment and desalination plants (#8) and mass transit (#9). We are led by industry veterans, many with over 20 years of experience, and work closely with our customers to deliver complete solutions, including long-term operations and maintenance. The United Nations has stated that climate change is primarily a water crisis as water becomes more scarce, unpredictable, polluted, or a combination of all three. Climate change, along with other emerging issues like drinking water contamination, requires significant and complex solutions like those we provide. According to a 2023 S&P Global Construction Spending report, the total nominal market opportunity for water infrastructure is forecasted to be in excess of $60 billion per year. In addition to organic growth opportunities, the existing water industry is highly fragmented by geography and capability, and we believe there is significant opportunity to both further expand our core infrastructure services and provide new service through acquisitions. We selectively focus on the following types of infrastructure projects: • Water Treatment: We expand, rehabilitate, upgrade, build and rebuild water and wastewater treatment infrastructure, including desalination plants. We implement complex cleantech treatment technologies including ozonation, biological activated carbon, membrane filtration, reverse osmosis, chemical treatment, and oxidation. We also conduct facility commissioning. Our projects and solutions aim to ensure access to clean and safe drinking water, protect public health, and reduce waterborne diseases. Our work contributes to protecting the environment by removing pollutants and contaminants from wastewater before it is released back into ecosystems. Additionally, water treatment infrastructure supports sustainable water management, which conserves this precious resource for future generations. • Water Resources: We build, expand, and improve water storage and conveyance, dams, levees, flood control systems, pump stations, and coastal protection. We also upgrade and expand dams, levees and locks along our nation’s waterways to enable continued emissions-reducing movement of goods. Select projects of ours enable reliable water supply, generate hydroelectric power, and control flooding, ensuring water availability and energy security. Our work contributes to protecting communities from flood damage to safeguard lives, property, and infrastructure. • Other Critical Infrastructure: We build, retrofit, expand, rehabilitate, operate, and maintain our nation’s critical infrastructure, including mass transit, bridges, and military infrastructure. We work on projects that we believe are vital for economic growth, social connectivity, and accessibility. We believe our projects enable smooth and efficient movement of people and goods, foster trade, address environmental sustainability, and improve quality of life for individuals and communities. We were founded in 1990 in California. In 2017, AECOM acquired Shimmick and consolidated us with its existing construction services, which included former legacy construction operations from Morrison Knudsen, Washington Group International, and others. In January 2021, we began operating as an independent company under new private ownership. While our legacy companies have a long history operating in the United States, we have a limited operating history as an independent company. Following our separation from AECOM, we began a transformation to shift our strategy to meet the nation’s growing need for water and other critical infrastructure. We believe our competitive strengths, which are discussed below, position us to execute this strategy and capitalize on market opportunities. However, our limited operating history as an independent company and historical dependence on AECOM subject us to a number of risks, such as an inability to obtain necessary bonding and the need to incur additional operating expenses to create or supplement the corporate infrastructure necessary to operate as an independent company. We are also involved in ongoing disputes with AECOM, which could adversely impact our business. For the six months ended June 30, 2023 and July 1, 2022, we generated revenue of $319.3 million and $293.6 million, respectively, and net (loss) income attributable to Shimmick Corporation of $(19.6) million and $3.7 million, respectively. Adjusted EBITDA was $(2.9) million and $31.9 million for the six months ended June 30, 2023 and July 1, 2022, respectively. Adjusted net (loss) income was $(12.0) million and $22.7 million for the six months ended June 30, 2023 and July 1, 2022, respectively. For the years ended December 30, 2022 and December 31, 2021, we generated revenue of $664.2 million and $572.7 million, respectively, and net income attributable to Shimmick Corporation of $3.8 million and $45.4 million, respectively. Adjusted EBITDA was $47.0 million and $(193.6) million for the years ended December 30, 2022 and December 31, 2021, respectively. Adjusted net income (loss) was $29.5 million and ($184.3) million for the years ended December 30, 2022 and December 31, 2021, respectively. For reconciliations of Adjusted EBITDA and Adjusted net (loss) income to net (loss) income, in each case the most directly comparable GAAP financial measure. As of June 30, 2023, we had a backlog of projects in excess of $1 billion, with over half of that amount comprised of water projects. We believe we have the ability to self-perform many of these projects, enabling us to compete for complex projects and differentiating us from many of our competitors. Self-performance also enables us to better control the critical aspects of our projects, reducing the risk of cost and schedule overruns. Shimmick Corporation, was incorporated on October 18, 2019 as a Delaware corporation. On September 12, 2023, we effected a name change from “SCCI National Holdings, Inc.” to “Shimmick Corporation”. Our business is conducted through Shimmick Construction Company, Inc. and our other operating subsidiaries. Shimmick was founded in 1990 in California and operated as a regional infrastructure construction contractor throughout California for nearly 30 years. In 2017, AECOM acquired us and consolidated us with its existing construction services, which included former, legacy construction operations from Morrison Knudsen, Washington Group International, and others. In January 2021, we consummated the AECOM Sale Transactions and began operating as an independent company under new private ownership. Our principal executive offices are located at 530 Technology Drive, Suite 300, Irvine, CA.
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Here are 1-2 brief analogies for Shimmick (SHIM):
- A publicly-traded version of a heavy civil construction giant like Bechtel, specializing in major public infrastructure projects.
- Similar to the infrastructure construction divisions of larger engineering and construction firms like Jacobs (J) or Fluor (FLR), focusing on building complex heavy civil structures.
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While Shimmick is a prominent heavy civil construction firm, it is **not a publicly traded company** with the symbol SHIM; it operates as a private entity. Its major services include:- Heavy Civil Infrastructure Construction: Comprehensive services encompassing large-scale public and private infrastructure projects.
- Bridge Construction & Rehabilitation: Building, repairing, and upgrading various types of bridges and complex structural systems.
- Water & Wastewater Infrastructure: Developing and improving facilities for water treatment, storage, conveyance, and wastewater collection and treatment systems.
- Transportation Infrastructure: Constructing and enhancing roads, highways, mass transit systems, and airport facilities.
- Marine Construction: Building and maintaining waterfront structures, including ports, docks, piers, and other coastal facilities.
- Tunneling: Expertise in constructing tunnels for transportation, utilities, and other specialized underground applications.
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Shimmick (symbol: SHIM) is a heavy civil construction company that primarily serves other organizations rather than individuals. Its major customers are predominantly government agencies and public entities responsible for developing and maintaining public infrastructure. These customers typically award contracts for large-scale infrastructure projects. The major categories of Shimmick's customers include:- State and Local Government Agencies: These are significant customers, encompassing State Departments of Transportation (e.g., Caltrans in California, where Shimmick has a strong presence), city and county public works departments, metropolitan planning organizations, water and sewer districts, port authorities, and public transit agencies (e.g., BART, LA Metro). They commission projects such as highways, bridges, tunnels, water treatment facilities, transit lines, and port improvements.
- Federal Government Agencies: Shimmick also undertakes projects for various federal government bodies, including the U.S. Army Corps of Engineers and the Bureau of Reclamation. These contracts typically involve flood control, navigation, dams, and other federal infrastructure initiatives.
- Other Public and Private Entities: While a smaller portion of their business compared to government contracts, Shimmick may also serve other large public utilities or, in some cases, private developers requiring significant civil infrastructure for major industrial, energy, or large-scale development projects.
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Ural Yal Chief Executive OfficerMr. Yal was appointed CEO effective December 2, 2024, bringing over 26 years of experience in water and critical infrastructure construction, including operations, sales, and leadership roles. He has focused on infrastructure development across the full project lifecycle, managing project and business unit P&Ls, developing business strategies, and leading multi-billion-dollar business development efforts. Prior to Shimmick, he served in various senior roles at Flatiron Construction from 2017 to 2024, most recently as Executive Vice President, where he led market expansion across North America. He holds a Civil Engineering degree from Istanbul Technical University and an MBA from California State University, Dominguez Hills, and is a California licensed civil engineer.
Todd Yoder Executive Vice President, Chief Financial Officer
Mr. Yoder joined Shimmick as EVP and CFO effective April 14, 2025, bringing over 20 years of public company finance leadership experience, with more than 15 years in global infrastructure, heavy civil, energy and chemicals, mining and metals, nuclear, government, advanced manufacturing, and life sciences. His expertise spans accounting, tax, treasury, project risk management, capital markets, project finance, mergers, acquisitions, divestitures, digital transformation, strategic planning, estimating, and project controls. Before joining Shimmick, he served as Executive Vice President and Chief Financial Officer for S&B USA. Prior to S&B USA, he spent over 12 years in global corporate finance at NYSE-listed Fluor Corporation and held finance leadership roles with publicly traded companies such as Elevance Health, Zimmer Biomet, and Capitol Bancorp Ltd.
John Carpenter Executive Vice President, Chief Legal Officer
Mr. Carpenter serves as the Executive Vice President and Chief Legal Officer for Shimmick.
Amanda Mobley Chief Accounting Officer
Ms. Mobley serves as Chief Accounting Officer, having previously held key leadership roles including Accounting Director and Interim Chief Financial Officer from June 2024 to April 2025. She has been with Shimmick and its predecessors since 2011 in a variety of financial management roles, including being responsible for project accounting and financial reporting. Prior to her role with Shimmick, Ms. Mobley served as an Audit Manager for KPMG with a focus on public financial companies. She is a Certified Public Accountant.
Andrew Sloane Executive Vice President, Southwest & Specialty Divisions
Mr. Sloane is an Executive Vice President at Shimmick, overseeing the Southwest & Specialty Divisions.
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Shimmick (NASDAQ: SHIM) faces several key risks to its business operations. The most significant risk is the company's **financial health and potential for bankruptcy**. Shimmick exhibits critical financial concerns, marked by negative profitability metrics such as an operating margin of -11.5% and a net margin of -12.33%. The company's balance sheet indicates liquidity constraints with a current ratio of 0.83 and high leverage, reflected in a debt-to-equity ratio of -1.34. Furthermore, an Altman Z-Score of 0.79 places Shimmick in the distress zone, signaling a potential risk of bankruptcy within the next two years. The stock has experienced a significant decline, reaching a 52-week low, and the company has reported negative EBITDA. To address these issues, Shimmick recently secured a $15 million loan to improve financial flexibility. Secondly, Shimmick is exposed to the **cyclical nature of the construction industry and inherent project execution challenges**. Operating within the Industrials sector, which focuses on critical infrastructure solutions, the company is susceptible to the inherent cyclicality of the construction market. Risks also stem from the ability to accurately estimate project requirements and costs during the bidding process, the impact of fixed-price contracts, and challenges related to project execution. Finally, **market competition and the inability to attract and retain qualified personnel** pose a key risk. Shimmick operates in a highly competitive and dynamic environment. The company faces the challenge of attracting and retaining skilled managers and employees, and the loss of key management personnel could significantly impact its operations.AI Analysis | Feedback
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Shimmick (symbol: SHIM) provides infrastructure solutions across several key sectors, primarily focusing on the United States.
Addressable Markets for Shimmick's Main Products and Services:
- Water Infrastructure Solutions (U.S.): The U.S. water infrastructure and management market was valued at approximately USD 120.2 billion in 2024 and is projected to reach USD 179.6 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.3%. Within this, the U.S. water and wastewater treatment market was approximately USD 64.27 billion in 2024, with projections to increase to USD 123.76 billion by 2034 at a CAGR of 6.80%. Additionally, the U.S. sewage treatment market was valued at USD 38.8 billion in 2024 and is expected to grow to USD 81.3 billion by 2032, with a CAGR of 9.9%.
- Transportation Infrastructure (U.S.): The U.S. transportation infrastructure market was valued at USD 380.4 billion in 2024 and is anticipated to reach USD 550.5 billion by 2032, exhibiting a CAGR of 4.9%. The roadways segment accounted for 55% of this market in 2024. More specifically, the U.S. bridge and elevated highway construction market was valued at USD 16.1 billion in 2024 and is projected to reach USD 24.3 billion by 2032, with a CAGR of 5.4%. Another estimate places the U.S. bridge and elevated highway construction market size at USD 17.0 billion in 2025. The United States holds a significant share of the North American bridge construction market, accounting for 85.10% of the total.
- Heavy Civil Construction (Global & U.S.): The global heavy and civil engineering construction market was valued at USD 2.01 trillion in 2024 and is projected to grow to USD 2.48 trillion by 2029, at a CAGR of 4.7%. The U.S. heavy engineering construction industry revenue is estimated to be $49.2 billion in 2025.
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Expected Drivers of Future Revenue Growth for Shimmick (SHIM)
Over the next 2-3 years, Shimmick (SHIM) is anticipated to drive revenue growth through several key initiatives and market trends:
- Strategic Expansion into Electrical Contracting and Technology Infrastructure: Shimmick has launched a new electrical subsidiary and is strategically expanding its presence in the electrical and technology infrastructure markets. This expansion into new service areas is expected to contribute to future revenue.
- Increased Demand and Investment in Core Infrastructure Sectors: The company is well-positioned in growing sectors such as sustainable water management, climate resilience, and infrastructure modernization. Shimmick has noted strong investment in water, industrial, power, data center, and manufacturing sectors, which are key target markets for its core "Shimmick Projects."
- Growth in Project Backlog and New Project Awards: A robust and expanding project backlog is a significant indicator of future revenue. Shimmick has reported strong momentum in securing new project awards and maintaining a healthy pipeline of upcoming work.
- Focus on Higher-Margin Core Projects: Shimmick is actively transitioning its business focus to higher-margin "Shimmick Projects" while winding down its legacy, lower-margin non-core projects. This strategic shift is designed to improve overall profitability and contribute to more sustainable revenue growth.
- Operational Improvements and Execution of Transformation Plan: The company's ongoing Transformation Plan includes initiatives aimed at optimizing operating costs and improving efficiency, such as reducing selling, general, and administrative (SG&A) expenses. These operational enhancements are expected to bolster the company's competitiveness and support long-term revenue expansion.
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Share Issuance
- Shimmick completed its initial public offering (IPO) on November 16, 2023, issuing 3,575,000 shares of common stock at $7.00 per share. The net proceeds to Shimmick from the IPO were approximately $19 million after deducting underwriting discounts and commissions and other offering expenses of $6 million.
- For the fiscal year ended January 3, 2025, Shimmick issued an additional 8,777,337 shares of common stock, which increased additional paid-in capital by $12.778 million.
- In resolution of a previous lawsuit with AECOM related to the 2021 divestiture, Shimmick issued an aggregate of 7,745,000 shares of common stock to AECOM as consideration.
Inbound Investments
- In January 2021, Shimmick became an independent company following an investment from Oroco Capital, a private equity firm, after being sold by AECOM. The purchase price for this transaction was not explicitly disclosed in the provided information.
Outbound Investments
- In August 2025, Shimmick launched Axia Electric, a new subsidiary focused on complex electrical and power distribution solutions, targeting high-growth segments such as industrial and data center markets, in addition to its core water and wastewater sectors.
- Shimmick has an investment in a Joint Venture with Shimmick/Traylor/Granite (STG), noted as of September 2025.
Capital Expenditures
- For the fiscal year ended January 3, 2025, Shimmick's cash flow statement reported purchases of property, plant and equipment totaling $7 million.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Shimmick Earnings Notes | 12/16/2025 | |
| Can Shimmick Stock Hold Up When Markets Turn? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 104.92 |
| Mkt Cap | 4.9 |
| Rev LTM | 3,329 |
| Op Inc LTM | 179 |
| FCF LTM | 346 |
| FCF 3Y Avg | 299 |
| CFO LTM | 449 |
| CFO 3Y Avg | 403 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.7% |
| Rev Chg 3Y Avg | 10.3% |
| Rev Chg Q | 17.6% |
| QoQ Delta Rev Chg LTM | 4.4% |
| Op Mgn LTM | 3.1% |
| Op Mgn 3Y Avg | 1.3% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 7.6% |
| CFO/Rev 3Y Avg | 7.5% |
| FCF/Rev LTM | 5.3% |
| FCF/Rev 3Y Avg | 5.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.9 |
| P/S | 1.1 |
| P/EBIT | 27.6 |
| P/E | 35.9 |
| P/CFO | 16.1 |
| Total Yield | 1.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 5.4% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 13.2% |
| 3M Rtn | 29.6% |
| 6M Rtn | 40.8% |
| 12M Rtn | 118.1% |
| 3Y Rtn | 307.5% |
| 1M Excs Rtn | 14.6% |
| 3M Excs Rtn | 30.7% |
| 6M Excs Rtn | 32.0% |
| 12M Excs Rtn | 91.8% |
| 3Y Excs Rtn | 241.8% |
Price Behavior
Price Behavior
| Market Price | $3.54 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 11/14/2023 | |
| Distance from 52W High | -18.8% | |
| 50 Days | 200 Days | |
| DMA Price | $3.53 | $2.58 |
| DMA Trend | up | up |
| Distance from DMA | 0.4% | 37.3% |
| 3M | 1YR | |
| Volatility | 85.7% | 81.9% |
| Downside Capture | 70.31 | 64.14 |
| Upside Capture | 258.72 | 106.39 |
| Correlation (SPY) | 32.2% | 24.4% |
SHIM Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.68 | 2.44 | 1.78 | 0.68 | 0.96 | 0.28 |
| Up Beta | 14.19 | 8.15 | 5.76 | 1.73 | 0.60 | 0.34 |
| Down Beta | 2.77 | 4.08 | 1.41 | 1.32 | 1.87 | -0.23 |
| Up Capture | 238% | 266% | 281% | 135% | 78% | 4% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 9 | 20 | 29 | 55 | 102 | 242 |
| Down Capture | -391% | -222% | -39% | -157% | 62% | 71% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 10 | 20 | 31 | 67 | 136 | 284 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SHIM | |
|---|---|---|---|---|
| SHIM | 79.1% | 81.8% | 1.07 | - |
| Sector ETF (XLI) | 32.7% | 19.1% | 1.35 | 26.7% |
| Equity (SPY) | 16.5% | 19.4% | 0.66 | 24.3% |
| Gold (GLD) | 81.3% | 25.7% | 2.29 | -7.3% |
| Commodities (DBC) | 13.4% | 16.9% | 0.58 | 0.5% |
| Real Estate (VNQ) | 7.3% | 16.6% | 0.25 | 13.5% |
| Bitcoin (BTCUSD) | -20.2% | 44.9% | -0.37 | 4.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SHIM | |
|---|---|---|---|---|
| SHIM | -11.2% | 109.4% | 0.25 | - |
| Sector ETF (XLI) | 15.9% | 17.2% | 0.74 | 11.1% |
| Equity (SPY) | 13.6% | 17.0% | 0.63 | 9.2% |
| Gold (GLD) | 23.5% | 17.1% | 1.12 | -3.0% |
| Commodities (DBC) | 10.6% | 19.0% | 0.44 | 0.7% |
| Real Estate (VNQ) | 5.1% | 18.8% | 0.18 | 6.9% |
| Bitcoin (BTCUSD) | 4.5% | 57.0% | 0.30 | -0.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SHIM | |
|---|---|---|---|---|
| SHIM | -5.8% | 109.4% | 0.25 | - |
| Sector ETF (XLI) | 15.2% | 19.8% | 0.68 | 11.1% |
| Equity (SPY) | 15.4% | 17.9% | 0.74 | 9.2% |
| Gold (GLD) | 15.3% | 15.6% | 0.82 | -3.0% |
| Commodities (DBC) | 8.7% | 17.6% | 0.41 | 0.7% |
| Real Estate (VNQ) | 6.6% | 20.7% | 0.28 | 6.9% |
| Bitcoin (BTCUSD) | 66.2% | 66.8% | 1.06 | -0.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/13/2025 | -2.0% | -17.9% | 16.1% |
| 8/14/2025 | 13.3% | 40.8% | 42.7% |
| 3/13/2025 | -1.8% | -1.8% | -17.9% |
| 11/12/2024 | 2.8% | -0.9% | 30.1% |
| 8/15/2024 | -18.3% | -5.8% | -10.1% |
| 3/28/2024 | -15.3% | -38.9% | -40.7% |
| 12/19/2023 | -2.9% | 0.2% | 1.2% |
| SUMMARY STATS | |||
| # Positive | 2 | 2 | 4 |
| # Negative | 5 | 5 | 3 |
| Median Positive | 8.0% | 20.5% | 23.1% |
| Median Negative | -2.9% | -5.8% | -17.9% |
| Max Positive | 13.3% | 40.8% | 42.7% |
| Max Negative | -18.3% | -38.9% | -40.7% |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Goldsteen, Mitchell B | GOHO, LLC | Sell | 9022025 | 3.18 | 10,500 | 33,390 | 67,144,361 | Form | |
| 2 | Goldsteen, Mitchell B | GOHO, LLC | Sell | 9022025 | 2.96 | 14,706 | 43,530 | 62,455,624 | Form | |
| 3 | Goldsteen, Mitchell B | GOHO, LLC | Sell | 8272025 | 3.32 | 9,229 | 30,640 | 70,135,262 | Form | |
| 4 | Goldsteen, Mitchell B | GOHO, LLC | Sell | 8182025 | 2.11 | 6,300 | 13,293 | 44,658,388 | Form | |
| 5 | Goldsteen, Mitchell B | GOHO, LLC | Sell | 8182025 | 2.23 | 30,805 | 68,695 | 47,129,507 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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