Willdan (WLDN)
Market Price (4/15/2026): $80.25 | Market Cap: $1.2 BilSector: Industrials | Industry: Construction & Engineering
Willdan (WLDN)
Market Price (4/15/2026): $80.25Market Cap: $1.2 BilSector: IndustrialsIndustry: Construction & Engineering
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 20% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% Attractive yieldFCF Yield is 6.0% Megatrend and thematic driversMegatrends include Smart Grids & Grid Modernization, and Renewable Energy Transition. Themes include Grid Automation, Distributed Energy Resources, Show more. | Stock price has recently run up significantly12M Rtn12 month market price return is 104% Key risksWLDN key risks include [1] significant customer concentration, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 20% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% |
| Attractive yieldFCF Yield is 6.0% |
| Megatrend and thematic driversMegatrends include Smart Grids & Grid Modernization, and Renewable Energy Transition. Themes include Grid Automation, Distributed Energy Resources, Show more. |
| Stock price has recently run up significantly12M Rtn12 month market price return is 104% |
| Key risksWLDN key risks include [1] significant customer concentration, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Willdan (WLDN) stock has lost about 25% since 12/31/2025 because of the following key factors:
1. Weak Fiscal Year 2026 Adjusted EPS Guidance Led to a Valuation Reset.
Willdan's announcement on February 26, 2026, of fiscal year 2026 adjusted earnings per share (EPS) guidance in the range of $4.50-$4.70, implied a decline of approximately 5.9% at the midpoint compared to the $4.89 adjusted EPS reported for fiscal year 2025. This negative outlook for future earnings growth, for a stock that previously traded at a high forward earnings multiple, triggered a significant sell-off.
2. Normalization of Tax Benefits Impacted Earnings Per Share.
The primary reason for the anticipated decline in fiscal year 2026 adjusted EPS was the normalization of Willdan's effective tax rate, specifically a reduced or "sunsetting" impact from Section 179D tax deductions that had materially boosted results in fiscal year 2025. This accounting distortion in EPS overshadowed underlying operational growth.
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1. Weak Fiscal Year 2026 Adjusted EPS Guidance Led to a Valuation Reset.
Willdan's announcement on February 26, 2026, of fiscal year 2026 adjusted earnings per share (EPS) guidance in the range of $4.50-$4.70, implied a decline of approximately 5.9% at the midpoint compared to the $4.89 adjusted EPS reported for fiscal year 2025. This negative outlook for future earnings growth, for a stock that previously traded at a high forward earnings multiple, triggered a significant sell-off.
2. Normalization of Tax Benefits Impacted Earnings Per Share.
The primary reason for the anticipated decline in fiscal year 2026 adjusted EPS was the normalization of Willdan's effective tax rate, specifically a reduced or "sunsetting" impact from Section 179D tax deductions that had materially boosted results in fiscal year 2025. This accounting distortion in EPS overshadowed underlying operational growth.
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Stock Movement Drivers
Fundamental Drivers
The -22.7% change in WLDN stock from 12/31/2025 to 4/14/2026 was primarily driven by a -38.7% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4142026 | Change |
|---|---|---|---|
| Stock Price ($) | 103.66 | 80.15 | -22.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 652 | 682 | 4.5% |
| Net Income Margin (%) | 6.4% | 7.7% | 21.0% |
| P/E Multiple | 36.4 | 22.3 | -38.7% |
| Shares Outstanding (Mil) | 15 | 15 | -0.3% |
| Cumulative Contribution | -22.7% |
Market Drivers
12/31/2025 to 4/14/2026| Return | Correlation | |
|---|---|---|
| WLDN | -22.7% | |
| Market (SPY) | -5.4% | 41.6% |
| Sector (XLI) | 11.8% | 36.0% |
Fundamental Drivers
The -17.1% change in WLDN stock from 9/30/2025 to 4/14/2026 was primarily driven by a -43.7% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4142026 | Change |
|---|---|---|---|
| Stock Price ($) | 96.69 | 80.15 | -17.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 628 | 682 | 8.5% |
| Net Income Margin (%) | 5.6% | 7.7% | 37.8% |
| P/E Multiple | 39.7 | 22.3 | -43.7% |
| Shares Outstanding (Mil) | 14 | 15 | -1.4% |
| Cumulative Contribution | -17.1% |
Market Drivers
9/30/2025 to 4/14/2026| Return | Correlation | |
|---|---|---|
| WLDN | -17.1% | |
| Market (SPY) | -2.9% | 46.7% |
| Sector (XLI) | 12.8% | 43.0% |
Fundamental Drivers
The 96.8% change in WLDN stock from 3/31/2025 to 4/14/2026 was primarily driven by a 93.3% change in the company's Net Income Margin (%).| (LTM values as of) | 3312025 | 4142026 | Change |
|---|---|---|---|
| Stock Price ($) | 40.72 | 80.15 | 96.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 566 | 682 | 20.5% |
| Net Income Margin (%) | 4.0% | 7.7% | 93.3% |
| P/E Multiple | 25.3 | 22.3 | -11.6% |
| Shares Outstanding (Mil) | 14 | 15 | -4.4% |
| Cumulative Contribution | 96.8% |
Market Drivers
3/31/2025 to 4/14/2026| Return | Correlation | |
|---|---|---|
| WLDN | 96.8% | |
| Market (SPY) | 16.3% | 35.9% |
| Sector (XLI) | 33.7% | 36.3% |
Fundamental Drivers
The 413.1% change in WLDN stock from 3/31/2023 to 4/14/2026 was primarily driven by a 260.3% change in the company's P/S Multiple.| (LTM values as of) | 3312023 | 4142026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.62 | 80.15 | 413.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 429 | 682 | 58.8% |
| P/S Multiple | 0.5 | 1.7 | 260.3% |
| Shares Outstanding (Mil) | 13 | 15 | -10.3% |
| Cumulative Contribution | 413.1% |
Market Drivers
3/31/2023 to 4/14/2026| Return | Correlation | |
|---|---|---|
| WLDN | 413.1% | |
| Market (SPY) | 63.3% | 31.1% |
| Sector (XLI) | 78.7% | 34.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WLDN Return | -16% | -49% | 20% | 77% | 172% | -25% | 88% |
| Peers Return | 53% | -12% | 12% | 7% | 4% | -9% | 52% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 81% |
Monthly Win Rates [3] | |||||||
| WLDN Win Rate | 33% | 33% | 58% | 58% | 58% | 50% | |
| Peers Win Rate | 67% | 47% | 55% | 60% | 57% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| WLDN Max Drawdown | -25% | -67% | -21% | -17% | -19% | -27% | |
| Peers Max Drawdown | -7% | -29% | -18% | -13% | -26% | -12% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TTEK, AMRC, STN, J, ACM.
[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 4/14/2026 (YTD)
How Low Can It Go
| Event | WLDN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -78.7% | -25.4% |
| % Gain to Breakeven | 369.7% | 34.1% |
| Time to Breakeven | 963 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -50.5% | -33.9% |
| % Gain to Breakeven | 101.9% | 51.3% |
| Time to Breakeven | 240 days | 148 days |
| 2018 Correction | ||
| % Loss | -46.4% | -19.8% |
| % Gain to Breakeven | 86.5% | 24.7% |
| Time to Breakeven | 270 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -89.0% | -56.8% |
| % Gain to Breakeven | 812.2% | 131.3% |
| Time to Breakeven | 1,938 days | 1,480 days |
Compare to TTEK, AMRC, STN, J, ACM
In The Past
Willdan's stock fell -78.7% during the 2022 Inflation Shock from a high on 2/8/2021. A -78.7% loss requires a 369.7% gain to breakeven.
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About Willdan (WLDN)
Willdan Group, Inc., together with its subsidiaries, provides professional, technical and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services, as well as software and data analytics. The Engineering and Consulting segment provides building and safety, city engineering and code enforcement, development plan review and inspection, disaster recovery, geotechnical and earthquake engineering, planning and surveying, contract staff support, program and construction management, structural engineering, transportation and traffic engineering, and water resources services. This segment also offers district administration, financial consulting, and federal compliance services; and communications and technology services. It serves public and governmental agencies, including cities, counties, redevelopment agencies, water districts, school districts, and universities; investor and municipal owned energy utilities; state and federal agencies; and commercial and industrial firms, as well as various other special districts and agencies. The company was founded in 1964 and is headquartered in Anaheim, California.
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- Willdan is like an AECOM for local governments and utilities, focusing on engineering, planning, and energy solutions.
- Willdan is like a Booz Allen Hamilton for cities and utilities, but specialized in engineering and energy infrastructure projects.
- Willdan is like Accenture for public agencies and utilities, specializing in engineering and energy efficiency consulting.
AI Analysis | Feedback
- Energy Efficiency & Management Services: Provides comprehensive services from audits and program design to demand reduction, grid optimization, and installation, helping clients manage and improve energy usage.
- Energy Software & Data Analytics: Offers specialized software and data analysis tools for insights into energy consumption and performance.
- Civil & Structural Engineering: Includes services like building and safety, city engineering, code enforcement, development plan review, geotechnical, earthquake, structural, transportation, traffic, and water resources engineering.
- Planning & Program Management: Offers urban planning, surveying, and comprehensive program and construction management support for various projects.
- Specialized Government & Infrastructure Consulting: Provides services such as disaster recovery, contract staff support, district administration, financial consulting, federal compliance, and communications & technology services to public agencies.
AI Analysis | Feedback
Willdan (WLDN) primarily serves a diverse range of organizational customers rather than individuals. Based on the provided company description, its major customers can be categorized as follows:
- Public and Governmental Agencies: This broad category includes cities, counties, redevelopment agencies, water districts, school districts, universities, and both state and federal agencies.
- Energy Utilities: Willdan serves both investor-owned and municipal-owned energy utilities.
- Commercial and Industrial Firms: The company also provides services to various businesses operating in the commercial and industrial sectors.
- Other Special Districts and Agencies: This category covers various other special districts and agencies.
The provided company description does not list the specific names of its customer companies or their public symbols.
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Michael A. Bieber, Chief Executive Officer
Michael A. Bieber was appointed Chief Executive Officer of Willdan Group, Inc. on December 30, 2023, after serving as President from November 2016 to December 2023. He joined Willdan in December 2014 as Senior Vice President, Corporate Development. Prior to Willdan, Mr. Bieber spent over 18 years at Tetra Tech, where he held various leadership roles, including managing mergers and acquisitions and investor relations functions from March 2007 to December 2014, overseeing more than fifty acquisitions. He also managed Tetra Tech's corporate business development group from 2005 to 2007.
Creighton K. (Kim) Early, Executive Vice President and Chief Financial Officer
Creighton K. (Kim) Early assumed the role of Executive Vice President and Chief Financial Officer for Willdan Group, Inc. on December 30, 2023, having served as Chief Financial Officer since April 16, 2021. From 2015 to 2021, he was the Executive Vice President and CFO of Willdan's Energy Solutions group. Before joining Willdan, Mr. Early was the Chief Financial Officer for Infrastructure and Energy Alternatives, a company specializing in utility-scale wind, solar, and biomass projects. He also served as CFO for Earth Tech, where he contributed to its growth from a $37 million geotechnical consulting firm into a $1.3 billion multinational engineering leader over 14 years. Mr. Early has participated in over 50 M&A transactions as a buyer, seller, or advisor, and has held CFO positions for both public and privately held companies.
Thomas D. Brisbin, Chairman of the Board
Thomas D. Brisbin has been the Chairman of the Board for Willdan Group, Inc. since November 2016 and a board member since 2007. He previously served as the company's Chief Executive Officer from April 2007 to December 2023, and as President from 2007 to November 2016. Before joining Willdan, Dr. Brisbin was Vice President and consultant for AECOM Technology Corporation. His career also includes serving as Chief Operating Officer and Executive Vice President of Tetra Tech, Inc. for five years, and co-founding and serving as President of PRC Environmental Management, Inc. from 1978 to 1995.
Micah Chen, Executive Vice President and General Counsel
Micah Chen was appointed Executive Vice President and General Counsel for Willdan Group, Inc. on December 30, 2023, overseeing legal and regulatory risks. He served as General Counsel from March 2018 to December 2023 and as Legal Counsel from July 2017 to March 2018. Prior to Willdan, Mr. Chen held various positions at Aon Corporation, including Senior Vice President and Managing Director from 2008 to 2017, and was Vice President of the Construction Risk Group at Willis Towers Watson from 2006 to 2007.
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```htmlKey Risks to Willdan (WLDN)
- Customer and Geographic Concentration: Willdan faces significant risk due to its reliance on a limited number of clients and specific geographic regions, notably California, New York, and Nevada. The company's top 10 customers accounted for over half of its consolidated contract revenue in fiscal year 2025. This concentration makes Willdan vulnerable to adverse economic conditions, regulatory changes, or reduced spending by key clients in these areas, potentially leading to significant revenue fluctuations.
- Economic Uncertainty and Reliance on Specific Market Trends: General economic fluctuations can significantly impact government and private sector spending on infrastructure and energy projects, which form the core of Willdan's business. Furthermore, a substantial portion of Willdan's growth, particularly in its Energy segment, is tied to the demand for electricity from data centers. While this is a current growth driver, an over-reliance on this sector presents a single-point-of-failure risk, where a slowdown in AI-driven load growth or a major client's strategic shift could pressure revenue.
- Competitive Landscape and Talent Acquisition/Retention: The professional, technical, and consulting services market in which Willdan operates is highly competitive, with numerous firms vying for contracts. Willdan must continually innovate and differentiate its offerings to maintain its market position. Additionally, there is intense competition for skilled engineering and technical talent, which can drive up labor costs, pressure profit margins, and potentially limit the company's capacity for growth if it cannot effectively attract and retain qualified personnel.
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Willdan (WLDN) operates in the Energy and Engineering and Consulting segments, providing a range of professional, technical, and consulting services primarily in the United States. The addressable markets for their main products and services in the U.S. are sized as follows:
Energy Segment
- Energy Efficiency and Optimization Services: The U.S. energy as a service market, which includes energy efficiency and optimization services, generated a revenue of approximately USD 23.61 billion in 2024 and is projected to reach about USD 43.79 billion by 2030.
- Smart Grid and Grid Optimization: The United States smart grid market size reached approximately USD 20.9 billion in 2025 and is expected to reach USD 77.3 billion by 2034.
Engineering and Consulting Segment
- Engineering Services: The market size for Engineering Services in the U.S. was approximately USD 357.9 billion in 2025.
- Public Sector Consulting and Advisory Services: The United States Public Sector Consulting and Advisory Services Market size is estimated at approximately USD 13.57 billion in 2025 and is expected to reach USD 18.03 billion by 2030.
- Construction Management Services: The market size of Construction Project Management Services in the U.S. was approximately USD 372.5 billion in 2025.
- Disaster Recovery as a Service: The U.S. disaster recovery as a service market generated a revenue of approximately USD 3.53 billion in 2023 and is expected to reach USD 15.31 billion by 2030.
AI Analysis | Feedback
Here are the expected drivers of future revenue growth for Willdan (WLDN) over the next 2-3 years:- Increased Demand for Energy Efficiency and Grid Modernization: Willdan is positioned to benefit from the growing national demand for energy efficiency and grid modernization solutions, driven by factors such as AI data centers, broader electrification initiatives, and the increasing complexity of the electricity grid. This trend is prompting utilities and municipalities to invest more in efficiency programs and power infrastructure, directly expanding Willdan's addressable market.
- Expansion in the Data Center Market: The rapid growth in electricity demand fueled by artificial intelligence applications and data centers is identified as a significant new catalyst for Willdan. The company's management anticipates that activity related to data centers, particularly through its acquired power engineering capabilities, could more than double in 2026. By the end of 2026, data center-related work could account for nearly 20% of total revenue.
- Growth from Large-Scale Utility and Government Contracts: Willdan continues to experience strong demand from both its government and utility customer base. The company has secured significant contracts, such as a $330 million contract with the Los Angeles Department of Water and Power (LADWP) expected to contribute to the top line over the next four years, and a $112 million energy efficiency program for the city of San Diego.
- Strategic Mergers and Acquisitions (M&A): Willdan actively pursues accretive "bolt-on" acquisitions to enhance its scale and capabilities, particularly in growing energy and infrastructure markets. The company has a robust M&A pipeline and plans to continue adding more capabilities through strategic acquisitions in the coming quarters.
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Share Issuance
- Willdan's shares outstanding have shown a slight increase over the past few years, with approximately 14.49 million shares outstanding as of May 7, 2025, and 14.66 million as of August 6, 2025.
- The company issues common stock related to business acquisitions, with an amount of $5,557 attributed to such issuances as of July 4, 2025.
- Executives and employees receive equity compensation in the form of restricted stock units, leading to share issuances upon vesting. For instance, the CEO was granted 18,000 restricted stock units in March 2026, vesting in installments through 2029.
Outbound Investments
- Willdan acquired Alternative Power Generation, Inc. (APG), an electrical engineering and construction management firm, in March 2025 through a stock purchase to strengthen its electrical engineering capabilities and enhance its position in the energy transition sector. APG generated approximately $37 million in revenue in 2024.
- In February 2025, Willdan acquired Alpha Inspections LLC, a provider of building inspections, plans examination, and building official services.
- The company completed the acquisition of Compass Municipal Advisors, LLC in January 2026, expanding its financial services offerings.
Capital Expenditures
- Willdan's capital expenditures were -$9.39 million in the last 12 months as of March 17, 2026, contributing to a free cash flow of $70.70 million.
- In Q1 2026, Willdan Group invested $2.5 million in capital expenditures, focusing on funding long-term assets and infrastructure.
- Purchases of property, plant and equipment amounted to -$2.46 million in Q4 2025.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Willdan Stock Pre-Market (-14%): Weak 2026 Guidance Eclipses Strong Q4 Beat | 02/27/2026 | |
| Willdan Earnings Notes | 12/16/2025 | |
| Is Willdan Stock Built to Withstand a Pullback? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 82.65 |
| Mkt Cap | 9.2 |
| Rev LTM | 6,688 |
| Op Inc LTM | 660 |
| FCF LTM | 557 |
| FCF 3Y Avg | 484 |
| CFO LTM | 629 |
| CFO 3Y Avg | 540 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.6% |
| Rev Chg 3Y Avg | 9.9% |
| Rev Chg Q | 8.5% |
| QoQ Delta Rev Chg LTM | 2.3% |
| Op Mgn LTM | 7.0% |
| Op Mgn 3Y Avg | 6.3% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 8.8% |
| CFO/Rev 3Y Avg | 8.2% |
| FCF/Rev LTM | 8.3% |
| FCF/Rev 3Y Avg | 7.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 9.2 |
| P/S | 1.2 |
| P/EBIT | 14.5 |
| P/E | 23.5 |
| P/CFO | 14.9 |
| Total Yield | 4.8% |
| Dividend Yield | 0.7% |
| FCF Yield 3Y Avg | 5.0% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.6% |
| 3M Rtn | -12.8% |
| 6M Rtn | -20.1% |
| 12M Rtn | 6.8% |
| 3Y Rtn | 24.1% |
| 1M Excs Rtn | -5.7% |
| 3M Excs Rtn | -13.0% |
| 6M Excs Rtn | -23.4% |
| 12M Excs Rtn | -22.4% |
| 3Y Excs Rtn | -43.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Energy | 427 | 357 | 286 | 324 | 371 |
| Engineering & Consulting | 83 | 72 | 67 | 67 | 72 |
| Intersegment | 0 | 0 | |||
| Unallocated Corporate | 0 | 0 | |||
| Total | 510 | 429 | 354 | 391 | 443 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Energy | 13 | -7 | -3 | -7 | 9 |
| Engineering & Consulting | 8 | 8 | 6 | 7 | 6 |
| Intersegment | 0 | 0 | |||
| Unallocated Corporate | -9 | -9 | -11 | -14 | -10 |
| Total | 11 | -8 | -8 | -14 | 5 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Energy | 346 | 342 | 363 | 338 | 392 |
| Unallocated Corporate | 67 | 69 | 33 | 67 | 47 |
| Engineering & Consulting | 26 | 22 | 21 | 22 | 24 |
| Intersegment | -23 | -23 | -23 | -23 | -23 |
| Total | 416 | 410 | 394 | 403 | 440 |
Price Behavior
Price Behavior
| Market Price | $80.15 | |
| Market Cap ($ Bil) | 1.2 | |
| First Trading Date | 11/21/2006 | |
| Distance from 52W High | -40.6% | |
| 50 Days | 200 Days | |
| DMA Price | $93.42 | $98.22 |
| DMA Trend | up | down |
| Distance from DMA | -14.2% | -18.4% |
| 3M | 1YR | |
| Volatility | 73.4% | 60.6% |
| Downside Capture | 1.85 | 1.18 |
| Upside Capture | 217.56 | 262.37 |
| Correlation (SPY) | 37.0% | 39.6% |
WLDN Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.24 | 2.39 | 2.45 | 2.30 | 1.14 | 1.14 |
| Up Beta | 3.76 | 3.50 | 2.55 | 1.83 | 0.71 | 0.92 |
| Down Beta | 2.00 | 0.04 | 0.94 | 1.31 | 0.69 | 0.71 |
| Up Capture | 35% | 225% | 346% | 395% | 443% | 688% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 10 | 20 | 33 | 63 | 136 | 385 |
| Down Capture | 114% | 320% | 275% | 216% | 138% | 107% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 12 | 22 | 30 | 63 | 115 | 363 |
[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 WLDN | |
|---|---|---|---|---|
| WLDN | 94.2% | 60.0% | 1.34 | - |
| Sector ETF (XLI) | 42.1% | 15.4% | 2.08 | 38.1% |
| Equity (SPY) | 24.2% | 12.9% | 1.49 | 41.2% |
| Gold (GLD) | 53.4% | 27.6% | 1.55 | 8.5% |
| Commodities (DBC) | 26.8% | 16.2% | 1.47 | 2.5% |
| Real Estate (VNQ) | 18.7% | 13.8% | 1.00 | 13.9% |
| Bitcoin (BTCUSD) | -6.8% | 42.9% | -0.05 | 24.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WLDN | |
|---|---|---|---|---|
| WLDN | 12.2% | 54.8% | 0.41 | - |
| Sector ETF (XLI) | 13.5% | 17.3% | 0.61 | 34.9% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 32.9% |
| Gold (GLD) | 22.5% | 17.8% | 1.03 | 12.1% |
| Commodities (DBC) | 11.7% | 18.8% | 0.51 | 10.2% |
| Real Estate (VNQ) | 3.9% | 18.8% | 0.11 | 30.2% |
| Bitcoin (BTCUSD) | 5.8% | 56.5% | 0.32 | 19.6% |
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 WLDN | |
|---|---|---|---|---|
| WLDN | 21.8% | 53.5% | 0.58 | - |
| Sector ETF (XLI) | 14.2% | 19.9% | 0.63 | 39.6% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 37.4% |
| Gold (GLD) | 14.3% | 15.9% | 0.75 | 7.1% |
| Commodities (DBC) | 8.8% | 17.6% | 0.42 | 13.1% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 34.1% |
| Bitcoin (BTCUSD) | 67.7% | 66.9% | 1.07 | 13.9% |
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 |
| 2/26/2026 | -25.5% | -31.2% | -33.3% |
| 11/6/2025 | 6.6% | 8.3% | 21.0% |
| 8/7/2025 | 27.5% | 35.1% | 9.6% |
| 3/6/2025 | 29.7% | 24.1% | 20.1% |
| 10/31/2024 | -7.7% | -8.3% | -8.3% |
| 8/1/2024 | 11.5% | 8.6% | 14.9% |
| 3/7/2024 | 24.3% | 38.9% | 40.4% |
| 11/2/2023 | 11.2% | 6.9% | 20.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 12 | 12 |
| # Negative | 6 | 8 | 8 |
| Median Positive | 11.4% | 15.0% | 19.9% |
| Median Negative | -8.6% | -7.4% | -8.7% |
| Max Positive | 29.7% | 38.9% | 40.4% |
| Max Negative | -25.5% | -31.2% | -38.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/07/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 03/08/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/10/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Revenue | 390.00 Mil | 397.50 Mil | 405.00 Mil | 9.7% | Higher New | Actual: 362.50 Mil for 2025 | |
| 2026 Adjusted EBITDA | 85.00 Mil | 87.50 Mil | 90.00 Mil | 12.9% | Higher New | Actual: 77.50 Mil for 2025 | |
| 2026 Adjusted Diluted EPS | 4.5 | 4.6 | 4.7 | 10.8% | Higher New | Actual: 4.15 for 2025 | |
Prior: Q3 2025 Earnings Reported 11/6/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Net Revenue | 360.00 Mil | 362.50 Mil | 365.00 Mil | 5.1% | Raised | Guidance: 345.00 Mil for 2025 | |
| 2025 Adjusted EBITDA | 77.00 Mil | 77.50 Mil | 78.00 Mil | 8.4% | Raised | Guidance: 71.50 Mil for 2025 | |
| 2025 Adjusted Diluted EPS | 4.1 | 4.15 | 4.2 | 16.1% | Raised | Guidance: 3.58 for 2025 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Chen, Micah | EXECUTIVE VP & GENERAL COUNSEL | Direct | Sell | 9222025 | 106.00 | 10,000 | 1,060,000 | 4,284,838 | Form |
| 2 | McGinn, Dennis V | Direct | Sell | 9222025 | 106.32 | 7,298 | 775,923 | 1,204,606 | Form | |
| 3 | Brisbin, Thomas Donald | Direct | Sell | 8262025 | 118.15 | 5,182 | 612,253 | 8,352,732 | Form | |
| 4 | Brisbin, Thomas Donald | Direct | Sell | 8262025 | 108.72 | 117,595 | 12,784,497 | 7,685,810 | Form | |
| 5 | Brisbin, Thomas Donald | Direct | Sell | 8252025 | 104.42 | 125,000 | 13,052,879 | 19,661,917 | 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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