Shimmick (SHIM)
Market Price (11/6/2026): $2.3 | Market Cap: $95.1 MilSector: Industrials | Industry: Construction & Engineering
Shimmick (SHIM)
Market Price (11/6/2026): $2.3Market Cap: $95.1 MilSector: IndustrialsIndustry: Construction & Engineering
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30% 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 -21%, 3Y Excs Rtn is -148% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -11 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.6% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 75% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -16%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%, Rev Chg QQuarterly Revenue Change % is -17% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12% 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 -23% Key risksSHIM key risks include [1] a high potential for bankruptcy, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30% |
| 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 -21%, 3Y Excs Rtn is -148% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -11 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.6% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 75% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -16%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%, Rev Chg QQuarterly Revenue Change % is -17% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12% |
| 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 -23% |
| Key risksSHIM key risks include [1] a high potential for bankruptcy, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Shimmick (SHIM) stock has lost about 40% since 7/31/2026 because of the following key factors:
1. Shimmick's second fiscal quarter of 2026 financial results, reported on August 10, 2026, revealed a significant revenue miss that likely contributed to the stock's decline. The company reported Q2 2026 revenue of $107 million, which fell short of analyst expectations by approximately $33 million and represented a 16.4% decrease in revenue. While Shimmick's diluted loss per common share of $(0.12) beat the consensus estimate, the substantial revenue shortfall negatively impacted investor sentiment, with shares reportedly dropping 9.3% to $4.01 following the announcement.
2. The unexpected resignation of Shimmick's Chief Executive Officer in October 2026 introduced significant uncertainty. On October 15, 2026, Shimmick announced the immediate resignation of its CEO, citing personal reasons. This unexpected leadership change was noted to introduce uncertainty and potential disruption to the company's operations and strategic direction, which often leads to investor apprehension and downward pressure on stock valuation.
Show more
Shimmick (SHIM) stock has lost about 40% since 7/31/2026 because of the following key factors:
1. Shimmick's second fiscal quarter of 2026 financial results, reported on August 10, 2026, revealed a significant revenue miss that likely contributed to the stock's decline. The company reported Q2 2026 revenue of $107 million, which fell short of analyst expectations by approximately $33 million and represented a 16.4% decrease in revenue. While Shimmick's diluted loss per common share of $(0.12) beat the consensus estimate, the substantial revenue shortfall negatively impacted investor sentiment, with shares reportedly dropping 9.3% to $4.01 following the announcement.
2. The unexpected resignation of Shimmick's Chief Executive Officer in October 2026 introduced significant uncertainty. On October 15, 2026, Shimmick announced the immediate resignation of its CEO, citing personal reasons. This unexpected leadership change was noted to introduce uncertainty and potential disruption to the company's operations and strategic direction, which often leads to investor apprehension and downward pressure on stock valuation.
3. Broader macroeconomic factors, including elevated material costs and rising interest rates, placed significant pressure on the construction sector. The construction industry, in which Shimmick operates, faced challenges from consistently high material costs, with inputs to nonresidential construction up 8.4% year-over-year through May 2026. Additionally, rising interest rates and labor shortages contributed to a complex operating environment for contractors, creating pressure on project delivery and margins throughout the third fiscal quarter of 2026.
Show less
Stock Movement Drivers
Fundamental Drivers
The -39.4% change in SHIM stock from 7/31/2026 to 11/5/2026 was primarily driven by a -32.1% change in the company's P/S Multiple.| (LTM values as of) | 7312026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.78 | 2.29 | -39.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 459 | 437 | -4.7% |
| P/S Multiple | 0.3 | 0.2 | -32.1% |
| Shares Outstanding (Mil) | 36 | 39 | -6.4% |
| Cumulative Contribution | -39.4% |
Market Drivers
7/31/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| SHIM | -39.4% | |
| Market (SPY) | -1.9% | 24.4% |
| Sector (XLI) | -9.7% | 35.9% |
Fundamental Drivers
The -55.3% change in SHIM stock from 4/30/2026 to 11/5/2026 was primarily driven by a -43.6% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.12 | 2.29 | -55.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 493 | 437 | -11.3% |
| P/S Multiple | 0.4 | 0.2 | -43.6% |
| Shares Outstanding (Mil) | 34 | 39 | -10.6% |
| Cumulative Contribution | -55.3% |
Market Drivers
4/30/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| SHIM | -55.3% | |
| Market (SPY) | 2.3% | 21.5% |
| Sector (XLI) | -6.7% | 25.7% |
Fundamental Drivers
The -1.7% change in SHIM stock from 10/31/2025 to 11/5/2026 was primarily driven by a -16.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312025 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.33 | 2.29 | -1.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 520 | 437 | -16.0% |
| P/S Multiple | 0.2 | 0.2 | 30.1% |
| Shares Outstanding (Mil) | 35 | 39 | -10.1% |
| Cumulative Contribution | -1.7% |
Market Drivers
10/31/2025 to 11/5/2026| Return | Correlation | |
|---|---|---|
| SHIM | -1.7% | |
| Market (SPY) | 8.4% | 26.2% |
| Sector (XLI) | 5.7% | 25.6% |
Fundamental Drivers
nullnull
Market Drivers
10/31/2023 to 11/5/2026| Return | Correlation | |
|---|---|---|
| SHIM | ||
| Market (SPY) | 81.3% | 12.3% |
| Sector (XLI) | 71.8% | 14.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SHIM Return | - | - | 3% | -61% | 13% | -22% | -64% |
| Peers Return | 19% | -13% | 66% | 92% | 77% | -10% | 425% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| SHIM Win Rate | - | - | 50% | 25% | 50% | 36% | |
| Peers Win Rate | 58% | 47% | 57% | 58% | 63% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| SHIM Max Drawdown | - | - | - | -80% | -55% | -66% | |
| Peers Max Drawdown | -30% | -42% | -37% | -29% | -37% | -52% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[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 11/5/2026 (YTD)
How Low Can It Go
| Event | SHIM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -40.4% | -18.8% |
| % Gain to Breakeven | 67.7% | 23.1% |
| Time to Breakeven | 104 days | 79 days |
In The Past
Shimmick's stock fell -40.4% during the 2025 US Tariff Shock. Such a loss loss requires a 67.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | SHIM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -40.4% | -18.8% |
| % Gain to Breakeven | 67.7% | 23.1% |
| Time to Breakeven | 104 days | 79 days |
In The Past
Shimmick's stock fell -40.4% during the 2025 US Tariff Shock. Such a loss loss requires a 67.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Shimmick (SHIM)
Shimmick (SHIM) is a leading provider of critical infrastructure solutions across the United States, primarily specializing in complex water infrastructure projects. The company addresses significant market needs driven by global challenges such as climate change, which manifests as a water crisis, along with issues like aging infrastructure and drinking water contamination. This creates a substantial market opportunity, with the nominal water infrastructure market alone forecasted to exceed $60 billion annually. Shimmick leverages its long history of working on projects like the Hoover Dam and large wastewater recycling systems to tackle these complex and vital endeavors.
Shimmick's core services are divided into three main areas. Firstly, Water Treatment, where they expand, rehabilitate, and build facilities, including desalination plants, employing advanced cleantech to ensure safe drinking water and protect ecosystems. Secondly, Water Resources, encompassing the construction and improvement of dams, levees, flood control systems, and water conveyance infrastructure, vital for reliable water supply, hydroelectric power, and community protection. Lastly, they engage in Other Critical Infrastructure, such as mass transit, bridges, and military facilities, contributing to economic growth and societal connectivity. A key competitive strength is their ability to self-perform many complex projects, enabling better control over project execution, cost, and schedule. The company boasts a project backlog exceeding $1 billion, with over half dedicated to water projects.
AI Analysis | Feedback
Analogy 1: "Think of Shimmick as the 'Waste Management' for America's critical water infrastructure, building and maintaining the massive systems that provide clean water and protect communities from floods."
Analogy 2: "They're like a highly specialized AECOM, singularly focused on tackling the nation's most complex water and heavy civil infrastructure challenges."
AI Analysis | Feedback
- Water Treatment: Shimmick provides services for expanding, rehabilitating, upgrading, building, and rebuilding water and wastewater treatment infrastructure, including desalination plants.
- Water Resources: Shimmick builds, expands, and improves water storage and conveyance systems, dams, levees, flood control systems, pump stations, and coastal protection infrastructure.
- Other Critical Infrastructure: Shimmick builds, retrofits, expands, rehabilitates, operates, and maintains a range of critical national infrastructure projects such as mass transit, bridges, and military facilities.
AI Analysis | Feedback
Based on the provided background information, Shimmick (SHIM) is a leading provider of water and other critical infrastructure solutions. The company's projects include complex water treatment facilities, water storage and conveyance systems, dams, levees, flood control systems, mass transit, bridges, and military infrastructure.
Given the nature of these projects, Shimmick primarily serves government entities (federal, state, and local agencies) and public utilities that are responsible for developing, maintaining, and upgrading critical infrastructure. The background information does not list specific customer companies or individuals by name.
Therefore, Shimmick sells primarily to other organizations, specifically:
- Government agencies (federal, state, and local)
- Public utilities (e.g., water districts, sanitation districts)
No specific customer company names or their symbols are provided in the background text.
AI Analysis | Feedback
AI Analysis | Feedback
Ural Yal, Chief Executive Officer
Ural Yal was appointed Chief Executive Officer of Shimmick, effective December 2, 2024. He brings over 26 years of experience in water and critical infrastructure construction. Before joining Shimmick, Mr. Yal held various senior roles at Flatiron Construction from 2017 to 2024, most recently as Executive Vice President, where he was responsible for market expansion and the adoption of collaborative project delivery methods. His career began in engineering and progressed through operational and leadership roles, with a focus on the California market. He holds a Civil Engineering degree from Istanbul Technical University and an MBA from California State University, Dominguez Hills, and is a licensed civil engineer in California.
Todd Yoder, Executive Vice President and Chief Financial Officer
Todd Yoder was appointed Executive Vice President and Chief Financial Officer of Shimmick, effective April 14, 2025. He has over 20 years of public company finance leadership experience, with more than 15 years in global infrastructure. Prior to Shimmick, Mr. Yoder served as Executive Vice President and Chief Financial Officer for Shikun & Binui America, Inc. and Shikun & Binui Concessions USA. He also served for over 12 years as Global Managing Director of Strategic Finance at Fluor Corporation, a NYSE-listed company, and held senior finance leadership roles at publicly traded companies including Elevance Health, Zimmer Biomet Holdings, and Capital Bancorp Ltd. Mr. Yoder holds undergraduate degrees from Indiana University and Goshen College, and an MBA from the University of Notre Dame.
John Carpenter, Executive Vice President, Chief Legal Officer
John Carpenter serves as the Executive Vice President and Chief Legal Officer for Shimmick. He is part of Shimmick's leadership team which comprises industry veterans with decades of combined expertise.
Amanda Mobley, Chief Accounting Officer
Amanda Mobley serves as the Chief Accounting Officer for Shimmick. She previously served as interim Chief Financial Officer from June 2024 until April 2025. Ms. Mobley has been with Shimmick since 2011, holding various financial management roles, including project accounting and financial reporting. Prior to joining Shimmick, she was an Audit Manager at KPMG, focusing on public financial companies. She is a Certified Public Accountant and holds a B.S. in Business Administration from Colorado State University.
AI Analysis | Feedback
- Limited operating history as an independent company and historical dependence on AECOM, posing risks such as difficulty in obtaining necessary bonding and increased operating expenses to establish independent corporate infrastructure.
- Ongoing disputes with AECOM.
AI Analysis | Feedback
AI Analysis | Feedback
AI Analysis | Feedback
Shimmick (SHIM) is expected to drive future revenue growth over the next 2-3 years through several key factors:
- Significant Market Opportunity in Water and Critical Infrastructure: Shimmick operates in a robust market, with the total nominal market opportunity for water infrastructure alone forecasted to exceed $60 billion per year, according to a 2023 S&P Global Construction Spending report. This large and growing market, fueled by climate change, water scarcity, and infrastructure needs, provides ample demand for Shimmick’s specialized services in water treatment, water resources, and other critical infrastructure.
- Strategic Acquisitions: The company identifies the existing water industry as highly fragmented by geography and capability, presenting a significant opportunity to expand its core infrastructure services and introduce new services through strategic acquisitions. This inorganic growth strategy is a stated path for future revenue expansion.
- Strong Project Backlog: As of June 30, 2023, Shimmick reported a project backlog in excess of $1 billion, with over half of this amount comprising water projects. This substantial backlog provides a secure foundation for future revenue generation as these projects are executed over the coming years.
- Focus on Complex, High-Value Projects and Self-Performance: Shimmick's strategic shift as an independent company is focused on meeting the nation's growing need for complex water and other critical infrastructure solutions. Its ability to self-perform many of these intricate projects differentiates it from competitors, enabling the company to compete for and secure larger, more complex contracts, which are typically associated with higher revenue potential.
AI Analysis | Feedback
Inbound Investments
- In January 2021, Shimmick began operating as an independent company under new private ownership after consummating the AECOM Sale Transactions.
Peer Outperformance in Construction & Engineering
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Marine Transportation | 5 | 25.1% | 30.2% | 102.9% | MATX 155% · KEX 103% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 6.3% | 55.5% | 95.0% | ALSN 255% · WAB 204% · CAT 192% |
| Construction & Engineering ← | 29 | -21.3% | 79.9% | 94.8% | FIX 895% · STRL 799% · AGX 526% |
| Aerospace & Defense | 54 | -12.6% | 55.7% | 49.5% | ATI 849% · FTAI 756% · HWM 509% |
| Trading Companies & Distributors | 19 | 5.6% | 30.7% | 33.8% | DXPE 276% · AIT 184% · URI 177% |
| Industrial Machinery & Supplies & Components | 71 | 0.3% | 46.1% | 29.7% | CRS 797% · MLI 298% · SYM 249% |
| Rail Transportation | 7 | 34.9% | 53.7% | 27.8% | CSX 54% · UNP 40% · NSC 28% |
| Diversified Support Services | 33 | 14.8% | 36.8% | 21.3% | CXW 195% · OPLN 143% · CTAS 115% |
| Building Products | 34 | -6.6% | 9.3% | 10.6% | MOD 714% · GFF 345% · TT 126% |
| Cargo Ground Transportation | 16 | 27.9% | 14.6% | 4.8% | XPO 269% · R 250% · ARCB 25% |
| Industrial Conglomerates | 17 | 14.8% | -1.6% | -1.3% | CSW 103% · CSL 72% · DD 65% |
| Office Services & Supplies | 10 | 20.8% | 22.5% | -2.6% | PBI 158% · TILE 140% · HNI 40% |
| Electrical Components & Equipment | 39 | -14.2% | 56.2% | -12.1% | POWL 1360% · VRT 543% · BE 424% |
| Data Processing & Outsourced Services | 6 | -11.8% | 5.0% | -12.7% | EXLS 59% · BR 22% · G -12% |
| Research & Consulting Services | 13 | 4.9% | -15.5% | -22.6% | HURN 227% · FCN 36% · BAH 14% |
| Agricultural & Farm Machinery | 16 | 7.2% | -7.4% | -27.4% | BLBD 171% · DE 99% · TTC 15% |
| Security & Alarm Services | 9 | -51.2% | 10.7% | -28.0% | BCO 65% |
| Environmental & Facilities Services | 29 | -31.2% | 25.5% | -28.1% | GEO 163% · CLH 162% · RSG 100% |
| Passenger Airlines | 11 | 2.6% | 64.1% | -34.8% | LTM 3100% · UAL 110% · DAL 100% |
| Air Freight & Logistics | 12 | -28.8% | -7.3% | -39.1% | FDX 80% · EXPD 60% · CHRW 54% |
| Human Resource & Employment Services | 22 | 19.2% | -6.0% | -42.4% | ADP 50% · FA 22% · PAYX 13% |
| Passenger Ground Transportation | 3 | -14.1% | 42.9% | -57.4% | UBER 46% · CAR -57% · LYFT -67% |
| Airport Services | 4 | -49.1% | -62.8% | -86.2% | JOBY -47% |
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 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 102.11 |
| Mkt Cap | 4.9 |
| Rev LTM | 4,807 |
| Op Inc LTM | 365 |
| FCF LTM | 424 |
| FCF 3Y Avg | 384 |
| CFO LTM | 598 |
| CFO 3Y Avg | 498 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 23.8% |
| Rev Chg 3Y Avg | 15.4% |
| Rev Chg Q | 22.4% |
| QoQ Delta Rev Chg LTM | 5.9% |
| Op Inc Chg LTM | 62.6% |
| Op Inc Chg 3Y Avg | 88.7% |
| Op Mgn LTM | 5.2% |
| Op Mgn 3Y Avg | 3.1% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 7.7% |
| CFO/Rev 3Y Avg | 8.5% |
| FCF/Rev LTM | 5.4% |
| FCF/Rev 3Y Avg | 6.3% |
Price Behavior
| Market Price | $2.29 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 11/14/2023 | |
| Distance from 52W High | -65.7% | |
| 50 Days | 200 Days | |
| DMA Price | $3.02 | $3.76 |
| DMA Trend | down | down |
| Distance from DMA | -24.3% | -39.1% |
| 3M | 1YR | |
| Volatility | 66.4% | 86.0% |
| Downside Capture | 383.61 | 192.11 |
| Upside Capture | 25.73 | 169.15 |
| Correlation (S&P 500) | 11.8% | 26.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.64 | 1.78 | 1.91 | 1.36 | 1.83 | 0.01 |
| Up Beta | 1.57 | -0.24 | 1.35 | 1.53 | 2.23 | -0.34 |
| Down Beta | -3.22 | -0.92 | -1.59 | -1.24 | 0.49 | 0.46 |
| Up Capture | 246% | 189% | 205% | 115% | 348% | 33% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 9 | 16 | 26 | 56 | 117 | 330 |
| Down Capture | 402% | 347% | 342% | 236% | 157% | 106% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 12 | 25 | 34 | 66 | 129 | 381 |
[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 | -0.0% | 86.0% | 0.37 | - |
| Sector ETF (XLI) | 7.4% | 17.8% | 0.24 | 25.8% |
| Equity (SPY) | 9.5% | 13.6% | 0.41 | 26.8% |
| Gold (GLD) | 3.6% | 28.7% | 0.11 | 7.7% |
| Commodities (DBC) | 37.7% | 21.2% | 1.40 | -17.7% |
| Real Estate (VNQ) | 12.0% | 14.2% | 0.55 | 5.3% |
| Bitcoin (BTCUSD) | -20.8% | 43.3% | -0.42 | 7.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SHIM | |
|---|---|---|---|---|
| SHIM | -18.7% | 104.0% | 0.12 | - |
| Sector ETF (XLI) | 10.8% | 17.7% | 0.45 | 14.4% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 12.2% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 1.4% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | -5.4% |
| Real Estate (VNQ) | 1.2% | 18.9% | -0.05 | 6.9% |
| Bitcoin (BTCUSD) | 5.9% | 51.5% | 0.29 | -0.1% |
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 | -9.8% | 104.0% | 0.12 | - |
| Sector ETF (XLI) | 12.9% | 20.1% | 0.56 | 14.4% |
| Equity (SPY) | 14.9% | 18.0% | 0.70 | 12.2% |
| Gold (GLD) | 12.0% | 16.5% | 0.59 | 1.4% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | -5.4% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 6.9% |
| Bitcoin (BTCUSD) | 61.3% | 66.2% | 1.01 | -0.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 10/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/10/2026 | -6.2% | -12.1% | -17.4% |
| 5/14/2026 | -1.0% | -19.7% | -26.3% |
| 3/12/2026 | 14.6% | 9.3% | 39.6% |
| 11/13/2025 | -2.0% | -17.9% | 16.1% |
| 8/14/2025 | 13.3% | 40.8% | 42.7% |
| 5/14/2025 | 3.2% | -6.8% | -2.7% |
| 3/13/2025 | -1.8% | -1.8% | -17.9% |
| 11/12/2024 | 2.8% | -0.9% | 30.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 4 | 3 | 5 |
| # Negative | 8 | 9 | 7 |
| Median Positive | 8.3% | 9.3% | 30.1% |
| Median Negative | -4.6% | -12.1% | -17.9% |
| Max Positive | 14.6% | 40.8% | 42.7% |
| Max Negative | -34.1% | -53.6% | -51.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/10/2026 | -6.2% | -12.1% | -17.4% |
| 5/14/2026 | -1.0% | -19.7% | -26.3% |
| 3/12/2026 | 14.6% | 9.3% | 39.6% |
| 11/13/2025 | -2.0% | -17.9% | 16.1% |
| 8/14/2025 | 13.3% | 40.8% | 42.7% |
| 5/14/2025 | 3.2% | -6.8% | -2.7% |
| 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% |
| 5/13/2024 | -34.1% | -53.6% | -51.4% |
| 3/28/2024 | -15.3% | -38.9% | -40.7% |
| 12/19/2023 | -2.9% | 0.2% | 1.2% |
| SUMMARY STATS | |||
| # Positive | 4 | 3 | 5 |
| # Negative | 8 | 9 | 7 |
| Median Positive | 8.3% | 9.3% | 30.1% |
| Median Negative | -4.6% | -12.1% | -17.9% |
| Max Positive | 14.6% | 40.8% | 42.7% |
| Max Negative | -34.1% | -53.6% | -51.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/13/2026 | 10-K |
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/20/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/16/2024 | 10-Q |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 03/28/2024 | 10-K |
| 09/30/2023 | 12/19/2023 | 10-Q |
| 06/30/2023 | 10/05/2023 | S-1 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/13/2026 | 10-K |
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/20/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/16/2024 | 10-Q |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 03/28/2024 | 10-K |
| 09/30/2023 | 12/19/2023 | 10-Q |
| 06/30/2023 | 10/05/2023 | S-1 |
Recent Forward Guidance
Updated 11/2/2026Latest: Q2 2026 Earnings Reported 8/10/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 525.00 Mil | 550.00 Mil | 575.00 Mil | -4.3% | Lowered | Guidance: 575.00 Mil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 15.00 Mil | 22.50 Mil | 30.00 Mil | 0 | Affirmed | Guidance: 22.50 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/14/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Consolidated Revenue | Reported | 550.00 Mil | 575.00 Mil | 600.00 Mil | 0 | Affirmed | Guidance: 575.00 Mil for 2026 | |
| 2026 Consolidated Adjusted EBITDA | Reported | 15.00 Mil | 22.50 Mil | 30.00 Mil | 0 | Affirmed | Guidance: 22.50 Mil for 2026 | |
Q4 2025 Earnings Reported 3/12/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 550.00 Mil | 575.00 Mil | 600.00 Mil | ||||
| 2026 Adjusted EBITDA | Reported | 15.00 Mil | 22.50 Mil | 30.00 Mil | 125.0% | Higher New | Actual: 10.00 Mil for 2025 | |
Q3 2025 Earnings Reported 11/13/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Shimmick Projects Revenue | Reported | 405.00 Mil | 410.00 Mil | 415.00 Mil | 0 | Affirmed | Guidance: 410.00 Mil for 2025 | |
| 2025 Non-Core Projects Revenue | Reported | 80.00 Mil | 85.00 Mil | 90.00 Mil | 0 | Affirmed | Guidance: 85.00 Mil for 2025 | |
| 2025 Shimmick Projects Gross Margin | Reported | 9.0% | 10.5% | 12.0% | ||||
| 2025 Non-Core Projects Gross Margin | Reported | -15.0% | -10.0% | -5.0% | ||||
| 2025 Consolidated Adjusted EBITDA | Reported | 5.00 Mil | 10.00 Mil | 15.00 Mil | 0 | Affirmed | Guidance: 10.00 Mil for 2025 | |
Insider Activity
Updated 10/15/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Goldsteen, Mitchell B | GOHO, LLC | Sell | 3202026 | 2.86 | 125,000 | 357,500 | 59,988,137 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Goldsteen, Mitchell B | GOHO, LLC | Sell | 3202026 | 2.86 | 125,000 | 357,500 | 59,988,137 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Construction & Engineering Resources |
| Engineering News-Record (ENR) |
| Construction Dive |
| Civil Engineering Magazine |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.