Great Lakes Dredge & Dock CORP(GLDD)— Stock Profile, AI Score & Financials
Industrials · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
Great Lakes Dredge & Dock CORP (GLDD) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores GLDD at 65.0/100 on a 32-signal composite quality model, placing it at rank #517 of 2,962 stocks — the top 25% of the AI-ranked universe. GLDD scores in the top quartile across earnings quality (85.4), revenue growth (82.7). Areas of concern include institutional flow (1.5), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q4 2025), Great Lakes Dredge & Dock CORP reports quarterly revenue of $256.5M, net income of $12.6M, an operating margin of 12.7%. Top institutional holders of GLDD by reported 13-F value include BlackRock, DIMENSIONAL FUND ADVISORS, AMERICAN CENTURY COMPANIES, based on the most recent SEC filings. GLDD trades on the Nasdaq exchange and files with the SEC under CIK 1372020. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate GLDD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Great Lakes Dredge & Dock CORP directly from SEC EDGAR.
AI Quality Score
65.0/100
AI Rank
#517
Revenue
$256.5M
Net Income
$12.6M
Free Cash Flow
$50.3M
Operating Margin
12.7%
GLDD key financials by period
Great Lakes Dredge & Dock CORP reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K/A
$888.3M
$73.5M
14.4%
FY 2024
10-K/A
$762.7M
$57.3M
12.2%
FY 2023
10-K/A
$589.6M
$13.9M
4.8%
FY 2022
10-K/A
$648.8M
$-34.1M
-4.3%
FY 2021
10-K
$726.1M
$49.4M
11.5%
FY 2020
10-K
$733.6M
$66.1M
15.2%
Institutions holding GLDD
Institutional investors reporting a position in Great Lakes Dredge & Dock CORP on SEC Form 13F.
AI-extracted from the 10-K filed 2026-02-23 — FY2025 (year ended December 31, 2025). Every figure is machine-verified against the filing text on SEC EDGAR.
GLDD grew revenue 16% to $888.3M and net income 28% to $73.5M in FY2025, but agreed on Feb 10, 2026 to be acquired by Saltchuk for $17.00/share cash, expected to close Q2 2026.
Biggest Revenue Drivers
Capital dredging$441.1M+27% YoY
Higher revenue earned on projects in Alabama, Texas, Florida and Louisiana, partially offset by lower revenue in Virginia
Coastal protection$281.6M+11% YoY
Increase in revenue on projects in New Jersey, South Carolina, Delaware and New York, partially offset by lower revenue in Alabama, Florida and Maryland
Biggest Revenue Drivers
Total revenue: $888.3M+16% YoY
Capital dredging$441.1M+27% YoY
Higher revenue earned on projects in Alabama, Texas, Florida and Louisiana, partially offset by lower revenue in Virginia
Coastal protection$281.6M+11% YoY
Increase in revenue on projects in New Jersey, South Carolina, Delaware and New York, partially offset by lower revenue in Alabama, Florida and Maryland
Maintenance dredging$135.4M-16% YoY
Decrease in revenue on projects in Florida, Mississippi, Puerto Rico and Texas, partially offset by increases in Virginia, New York, South Carolina, Louisiana and Arkansas
Offshore energy$30.2M
Revenue earned on projects in New York; the Company earned no offshore energy revenue in 2024
Largest Expense Items
Costs of contract revenues$684.8M
77.1% of revenue, down from 78.9% in 2024, reflecting improved utilization and project performance
General and administrative expenses$78.0M
Higher incentive compensation and employee benefit expenses, plus Transaction-related expenses tied to the Saltchuk merger
Loss on extinguishment of debt$10.8M
Expensed remaining deferred debt issuance costs of $7.7M and a $3.1M call premium upon repayment of the Second Lien Credit Agreement in Q4 2025
Interest expense—net$16.8M
Decrease from $17.9M in 2024 due to repayment of the Second Lien Credit Agreement, partially offset by higher revolver borrowings
Margins: Gross profit margin rose to 22.9% from 21.1% in 2024, driven by higher revenue, improved utilization and project performance, and a larger proportion of higher-margin capital projects in the mix.
Watch Items from the Filing
GLDD agreed to be acquired by Saltchuk for $17.00/share cash (expected close Q2 2026); a termination fee of approximately $37 million applies under specified circumstances.
Total backlog fell 28% to $888.1M at year-end 2025 from $1,239.1M in 2024, with dredging backlog down 36% to $763.2M as the 2025 domestic bid market shrank 43% and the win rate dropped to 14% from 33%.
Federal government agencies represented 48% of 2025 revenue, down from 57% in 2024 and 74% in 2023, while federal contracts can be canceled at any time without penalty to the government.
Approximately 41% of the Company's total backlog at December 31, 2025 is concentrated in five private customers.
The Acadia subsea rock installation vessel launched in July 2025 and secured contracts (Empire Wind 1, Sunrise Wind) providing full 2026 utilization, plus first international offshore wind contracts starting 2027.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
