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Willdan

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Market Research Report: Willdan Group, Inc.



Company Overview


Willdan Group, Inc. (NASDAQ: WLDN), established in 1964, is a distinguished provider of professional, technical, and consulting services, primarily serving utilities, government agencies, and private industries. The company's primary mission is to aid in the transition to clean energy and establish sustainable futures through energy efficiency, grid modernization, and resilience initiatives. With services spanning energy audits, performance contracting, advanced analytics, and software development, Willdan has secured a robust nationwide presence.

Recent Developments


The strategic acquisition of Enica Engineering has expanded Willdan’s portfolio in mission-critical energy services, particularly enhancing their commercial sector capability. Further, Willdan's selection as a consultant for the City of Palmdale's Innovation and Smart City Program illustrates its leadership in urban modernization and smart technology integration.

Key Executives


  • Michael Bieber: Chief Executive Officer since succeeding Thomas D. Brisbin. He has been instrumental in driving operational improvements at Willdan.

  • Thomas D. Brisbin: Chairman of the Board, previously CEO, contributing strategically through part-time consultancy. Known for significantly enhancing Willdan’s operations and market reach.

  • Creighton Kim Early: Executive Vice President and Chief Financial Officer, focusing on strategic financial management.

  • Renee Atwood: Chief Human Resources Officer, overseeing HR and administrative leadership.


Financial Performance


In the fiscal year 2024, Willdan reported third-quarter revenues of $158.3 million and an EPS of $0.73, exceeding market expectations. Their strategic focus on acquisitions and significant contracts, such as a $102 million energy savings deal for a major school district, underlines their sustained fiscal growth and competitive market positioning.

Business Segments


  • Energy Services: Specializes in comprehensive energy solutions like program design, demand reduction, and grid optimization.

  • Engineering and Consulting: Offers extensive civil and structural engineering services, including city planning, construction management, and geotechnical consulting.


Willdan's commitment to research and development places it at the forefront of technological advancements, maintaining long-term relationships with clients across utilities, healthcare, and education sectors.

Market Position


Strategically leveraging its engineering and energy management acumen, Willdan has established a strong market presence across varied sectors, including government, healthcare, and industrial facilities. Customized client solutions have strengthened its reputation as an industry leader.

Competitor Profiling for Willdan Group



Main Competitors



Key Competitors


Willdan operates in a competitive landscape against key players such as:
  • Mistras Group (NYSE: MG)

  • Hill International (NYSE: HIL)

  • NV5 Global, Inc.

  • Premier Inc. (NASDAQ: PINC)

  • EVERTEC (NYSE: EVTC)

  • Criteo (NASDAQ: CRTO)

  • Sezzle (SEZL)

  • JOYY (YY)

  • Astrana Health (ASTH)

  • NeoGenomics (NEO)

  • Stagwell (STGW)


In competitive analysis, Willdan Group outperformed Mistras Group in several key factors, revealing strengths in earnings, risk, valuation, and profitability.

Competitor Highlights



Mistras Group


Mistras provides integrated asset protection solutions focusing on structural integrity in critical infrastructure. Key offerings include non-destructive testing and process consulting tailored to enhance safety and operational continuity.

Hill International


Ranked as a top project and construction management firm, Hill International offers services across 42 countries, managing risk and overseeing project lifecycle phases.

NV5 Global, Inc.


NV5 operates diverse business verticals including Testing, Inspection & Consulting, and Geospatial Technology, aligning closely with infrastructural and utility sector demands.

Premier Inc.


Although focused more on healthcare improvement via data analytics and consulting, Premier Inc. overlaps in providing technical strategic solutions similar to Willdan.

Strategic Insights



Market Share and Growth


Willdan has demonstrated notable market growth with a 102.10% increase in one-year price performance, surpassing many industry competitors.

Industry Position


Emphasizing energy efficiency in a growing market for sustainable solutions provides Willdan with a competitive edge. Its main competition lies within the energy consultancy and infrastructure sectors rather than healthcare or diversified consulting fields.

Financial Health


With a revenue of $510.10 million, a Price/Sales ratio of 1.17, and a Price/Book ratio of 2.68, Willdan exhibits strong profitability metrics, aligning well against sector averages. This positions it as an efficient player in the small-cap segment of the computer and technology sector.