
Great Lakes Dredge & Dock Corporation Income Statement 2025-2008 | GLDD
Brief overview of financial performance at Great Lakes Dredge & Dock Corporation
The overview follows changes across a five-year period. The revenue attributed to Great Lakes Dredge & Dock Corporation moved from 734 million dollars to 888 million dollars between the two endpoints. Overall revenue changed by +21.1%, equal to an annualized rate of about 3.9%. The business did not achieve meaningful top-line expansion.
Gross profit was $171 million at the start and $203 million at the end of the period (+18.8%). Cost of revenue moved broadly in line with sales. Comparing the endpoints gives gross margins of 23.3% and 22.9%. There was no meaningful shift in gross profitability.
The five-year EBITDA result moved by +14.2%: from $150 million to $171 million. Operating performance was consistent with the change in sales. EBITDA margin moved from 20.4% to 19.3%. Operating profitability remained broadly stable.
The five-year change in net income was +11.1%: from $66.1 million to $73.5 million. Net profit ended the five years at a local peak.
The market value of the business moved from 983 million dollars to 1.1 billion dollars, or +14.8%. Market value supported the favorable financial trajectory.
Conclusion
The figures do not all move in the same direction. The financial profile benefits from a stronger final result and a stable gross margin. The overall view is constrained by a softer top-line trend and a declining EBITDA margin. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement Great Lakes Dredge & Dock Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
1.13 B | 1.13 B | 617 M | 414 M | 925 M | 983 M | 686 M | 439 M | 288 M | 316 M | 208 M | 466 M | 467 M | 539 M | 357 M | - | - | - |
Shares |
66.9 M | 67.1 M | 66.5 M | 66.1 M | 65.6 M | 64.7 M | 63.6 M | 62.2 M | 61.4 M | 60.7 M | 60.4 M | 59.9 M | 59.5 M | 59.2 M | 58.9 M | 58.6 M | 58.5 M | - |
Historical Prices |
16.9 | 16.9 | 9.29 | 6.27 | 14.1 | 15.2 | 9.7 | 8.9 | 4.55 | 4.35 | 3.4 | 6.1 | 8.26 | 9.48 | 6.81 | - | - | - |
Net Income |
73.5 M | 57.3 M | 13.9 M | -34.1 M | 49.4 M | 66.1 M | 49.3 M | -6.29 M | -31.3 M | -8.18 M | -6.19 M | 10.3 M | -34.4 M | -2.7 M | 16.5 M | 34.6 M | 17.5 M | - |
Revenue |
888 M | 763 M | 590 M | 649 M | 726 M | 734 M | 712 M | 621 M | 703 M | 768 M | 857 M | 807 M | 731 M | 688 M | 627 M | 687 M | 622 M | - |
Cost of Revenue |
685 M | 602 M | 512 M | 618 M | 581 M | 562 M | 558 M | 509 M | 549 M | 552 M | - | - | - | - | - | - | - | - |
Gross Profit |
203 M | 161 M | 77.7 M | 31.2 M | 145 M | 171 M | 154 M | 111 M | 49.9 M | 86.4 M | 95.9 M | 92.5 M | 100 M | 68.4 M | 93 M | 123 M | 88.2 M | - |
Operating Income |
128 M | 92.8 M | 28.2 M | -27.7 M | 83.4 M | 112 M | 98.1 M | 52.6 M | -19.3 M | 27 M | 23 M | 23.9 M | 51.4 M | 32.6 M | 53.5 M | 68.4 M | 42.3 M | - |
Interest Expense |
105 K | 460 K | 2.23 M | -1.57 M | 994 K | 1.11 M | 317 K | -2.59 M | 11 K | -777 K | -1.23 M | 210 K | 351 K | 118 K | -27.5 M | -14.2 M | -16.5 M | - |
EBITDA |
171 M | 136 M | 70.7 M | 18.5 M | 126 M | 150 M | 132 M | 107 M | 42.1 M | 83.9 M | 89.4 M | 74.7 M | 78.9 M | 55 M | 96.6 M | 103 M | 75.3 M | - |
Operating Expenses |
- | - | - | - | - | - | 59.1 M | 55.1 M | 68.3 M | 65.5 M | 71.1 M | 67.9 M | 68 M | 53.5 M | 38.7 M | - | - | - |
General and Administrative Expenses |
78 M | 70.8 M | 57.1 M | 51.1 M | 62.1 M | 62.8 M | 59.1 M | 55.1 M | 68.3 M | 65.5 M | 71.1 M | 67.9 M | 68 M | 53.5 M | 50.4 M | 54.4 M | 46 M | - |
All numbers in USD currency
Quarterly Income Statement Great Lakes Dredge & Dock Corporation
| 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
-552 K | 67.2 M | 67.1 M | 66.7 M | 67.3 M | 67.2 M | 67.1 M | 66.7 M | 66.6 M | 66.5 M | 66.5 M | 66.3 M | 66.2 M | 66.1 M | 66.1 M | 65.8 M | 65.7 M | 65.7 M | 65.6 M | 65.3 M | 65 M | 64.9 M | 64.9 M | 64.5 M | 64.3 M | 63.9 M | 63.6 M | 62.9 M | 62.6 M | 62.4 M | 62.3 M | 61.8 M | 61.6 M | 61.5 M | 61.3 M | 61.1 M | 61 M | 60.8 M | 60.7 M | 60.5 M | 60.4 M | 60.5 M | 60.5 M | 60.3 M | 60.2 M | 60 M | 59.9 M | 59.7 M | 59.7 M | 59.5 M | 59.4 M | 59.4 M | 59.4 K | 59.3 M | 59.2 M | 59 M | 59 M | 58.9 M | 58.9 M | 58.8 M |
Net Income |
-23.6 M | 8.85 M | 7.67 M | 21 M | - | 8.85 M | 7.67 M | 21 M | - | -6.15 M | 1.73 M | -3.23 M | - | -9.91 M | -4.03 M | 11.1 M | - | 13.8 M | 2.1 M | 8.81 M | - | 12.5 M | 8.96 M | 34 M | - | 7.95 M | 8.25 M | 17.2 M | - | 11.7 M | -974 K | -9.32 M | - | -3.23 M | -3.86 M | -17.6 M | - | 4.56 M | -1.72 M | -4.04 M | - | 312 K | 2.72 M | -8.39 M | - | -2.09 M | -1.44 M | -5.2 M | - | 1.45 M | -25.2 M | 433 K | - | -5.34 M | 1.27 M | 1.07 M | - | 5.6 M | 1.71 M | 2.39 M |
Revenue |
29.7 M | 191 M | 170 M | 199 M | - | 191 M | 170 M | 199 M | - | 117 M | 133 M | 158 M | - | 158 M | 149 M | 194 M | - | 169 M | 170 M | 178 M | - | 176 M | 168 M | 218 M | - | 170 M | 185 M | 193 M | - | 179 M | 135 M | 147 M | - | 163 M | 177 M | 171 M | - | 199 M | 192 M | 163 M | - | 221 M | 239 M | 175 M | - | 202 M | 185 M | 174 M | - | 188 M | 147 M | 180 M | - | 162 M | 163 M | 155 M | - | 158 M | 155 M | 155 M |
Cost of Revenue |
63.6 M | 155 M | 140 M | 153 M | - | 155 M | 140 M | 153 M | - | 108 M | 115 M | 146 M | - | 155 M | 139 M | 161 M | - | 132 M | 147 M | 145 M | - | 139 M | 135 M | 149 M | - | 138 M | 147 M | 143 M | - | 139 M | 113 M | 119 M | - | 143 M | 157 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
-33.9 M | 36.2 M | 29.8 M | 45.6 M | - | 36.2 M | 29.8 M | 45.6 M | - | 9.03 M | 17.9 M | 12.1 M | - | 3.8 M | 10.5 M | 33.1 M | - | 36.3 M | 22.9 M | 33.1 M | - | 36.4 M | 33 M | 68.5 M | - | 31.8 M | 37.5 M | 49.9 M | - | 39.6 M | 22.1 M | 14.1 M | - | 19.8 M | 20.3 M | 14.8 M | - | 20 M | 24.3 M | 20 M | - | 24.1 M | 32.3 M | 10.7 M | - | 24.5 M | 26.2 M | 20.9 M | - | 27.8 M | 13.8 M | 30.7 M | - | 7.82 M | 18.7 M | 20 M | - | 27.4 M | 19.8 M | 27.4 M |
Operating Income |
-34.5 M | 16.7 M | 14.6 M | 31.5 M | - | 16.7 M | 14.6 M | 31.5 M | - | -5.12 M | 3.68 M | -864 K | - | -9.45 M | -342 K | 18.8 M | - | 21.4 M | 8.84 M | 16.6 M | - | 23.2 M | 18.3 M | 53 M | - | 18.4 M | 22.8 M | 34.8 M | - | 23.7 M | 11 M | 1.24 M | - | 2.12 M | 2.85 M | -1.99 M | - | 12.9 M | 3.82 M | -89 K | - | 9.69 M | 14 M | -7.26 M | - | 8.01 M | 10.3 M | 2.88 M | - | 13.9 M | 11.6 M | 14.5 M | - | -3.74 M | 7.34 M | 6.79 M | - | 14.8 M | 8.66 M | 15.6 M |
Interest Expense |
1.48 M | 200 K | 128 K | 425 K | - | 200 K | 128 K | 425 K | - | -78 K | 2.02 M | 227 K | - | -253 K | -1.12 M | -405 K | - | -204 K | 755 K | 141 K | - | 156 K | 565 K | -1.12 M | - | -22 K | 123 K | 172 K | - | 71 K | 33 K | -2.06 M | - | -266 K | -285 K | 209 K | - | -637 K | -518 K | -763 K | - | 706 K | -5.57 M | -5.63 M | - | -4.7 M | -5.01 M | -5.02 M | - | -5.54 M | -5.4 M | -5.73 M | - | -5.1 M | -5.38 M | -5.26 M | - | -5.57 M | -4.91 M | -5.95 M |
EBITDA |
-24.3 M | 26.8 M | 25.7 M | 42.5 M | - | - | - | 42.5 M | - | - | - | 9.99 M | - | 24.5 M | -342 K | 30.1 M | - | 53.1 M | 8.84 M | 26.7 M | - | 50.8 M | 37 M | 62.5 M | - | 45.1 M | 40.8 M | 43.7 M | - | 61.8 M | 37.8 M | 15.8 M | - | 40.8 M | 30.3 M | 11.5 M | - | 58.6 M | 32.6 M | 13.8 M | - | 57.4 M | 47 M | 5.9 M | - | 40.8 M | 32.2 M | 13.8 M | - | 47.7 M | 34.1 M | 25.9 M | - | 22.9 M | 23.5 M | 14.6 M | - | 44.8 M | 27.5 M | 25.2 M |
General and Administrative Expenses |
4.97 M | 19.8 M | 16.2 M | 16.1 M | - | 19.8 M | 16.2 M | 16.1 M | - | 14.2 M | 14.5 M | 13 M | - | 13.3 M | 10.8 M | 14.6 M | - | 15.2 M | 14.2 M | 16.3 M | - | 14.9 M | 14.8 M | 15.6 M | - | 13.5 M | 14.6 M | 14.8 M | - | 14.3 M | 12.2 M | 13.1 M | - | 17.5 M | 17.3 M | 16.8 M | - | 7.19 M | 19.8 M | 20.1 M | - | 15.3 M | 15.5 M | 17.9 M | - | 16.1 M | 15.9 M | 17.9 M | - | 17.1 M | 15.3 M | 16.2 M | - | 11.7 M | 11.5 M | 13.3 M | - | 12.7 M | 13.6 M | 12.1 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Great Lakes Dredge & Dock Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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