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Great Lakes Dredge & Dock Corp


Heavy Construction Other Than Bldg Const - Contractors

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Market Cap


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Charts data: {"Earnings":[{"time":"2014-12-30","value":10295000},{"time":"2015-12-30","value":-6189000},{"time":"2016-12-30","value":-8177000},{"time":"2017-12-30","value":-31260000},{"time":"2018-12-30","value":-6293000},{"time":"2019-12-30","value":49339000},{"time":"2020-12-30","value":66103000},{"time":"2021-12-30","value":49432000},{"time":"2022-12-30","value":-34055000},{"time":"2023-12-30","value":13906000}],"Sales":[{"time":"2014-12-30","value":806831000},{"time":"2015-12-30","value":856878000},{"time":"2016-12-30","value":767585000},{"time":"2017-12-30","value":702503000},{"time":"2018-12-30","value":620795000},{"time":"2019-12-30","value":711518000},{"time":"2020-12-30","value":733601000},{"time":"2021-12-30","value":726149000},{"time":"2022-12-30","value":648781000},{"time":"2023-12-30","value":589625000}],"Net Margins":[{"time":"2014-12-30","value":0.012759797280967142},{"time":"2015-12-30","value":-0.007222731824133658},{"time":"2016-12-30","value":-0.010652891862139047},{"time":"2017-12-30","value":-0.0444980306133924},{"time":"2018-12-30","value":-0.010137001747758922},{"time":"2019-12-30","value":0.06934329138546039},{"time":"2020-12-30","value":0.09010756528412583},{"time":"2021-12-30","value":0.06807418312219668},{"time":"2022-12-30","value":-0.05249074803361997},{"time":"2023-12-30","value":0.023584481662073352}],"Assets":[{"time":"2014-12-30","value":893234000},{"time":"2015-12-30","value":901625000},{"time":"2016-12-30","value":893588000},{"time":"2017-12-30","value":832357000},{"time":"2018-12-30","value":730271000},{"time":"2019-12-30","value":897552000},{"time":"2020-12-30","value":958024000},{"time":"2021-12-30","value":997670000},{"time":"2022-12-30","value":981780000},{"time":"2023-12-30","value":1110840000}],"Stockholders Equity":[{"time":"2014-12-30","value":255963000},{"time":"2015-12-30","value":252173000},{"time":"2016-12-30","value":247890000},{"time":"2017-12-30","value":221296000},{"time":"2018-12-30","value":214928000},{"time":"2019-12-30","value":279399000},{"time":"2020-12-30","value":346668000},{"time":"2021-12-30","value":398997000},{"time":"2022-12-30","value":368220000},{"time":"2023-12-30","value":385548000}],"ROE":[{"time":"2014-12-30","value":0.04022065689181639},{"time":"2015-12-30","value":-0.02454267506830628},{"time":"2016-12-30","value":-0.032986405260397755},{"time":"2017-12-30","value":-0.14125876653893427},{"time":"2018-12-30","value":-0.029279572694111515},{"time":"2019-12-30","value":0.17658975157391402},{"time":"2020-12-30","value":0.19068099738077932},{"time":"2021-12-30","value":0.12389065581946732},{"time":"2022-12-30","value":-0.09248547064255065},{"time":"2023-12-30","value":0.036068141969352714}],"ROA":[{"time":"2014-12-30","value":0.02670408873822537},{"time":"2015-12-30","value":0.025464023291279635},{"time":"2016-12-30","value":0.01642815257143113},{"time":"2017-12-30","value":-0.02826311306326492},{"time":"2018-12-30","value":0.07205681178630946},{"time":"2019-12-30","value":0.10932848458919371},{"time":"2020-12-30","value":0.11666200429216804},{"time":"2021-12-30","value":0.08362484589092586},{"time":"2022-12-30","value":-0.028250728269062317},{"time":"2023-12-30","value":0.025403298404810773}]}

Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures. It is also involved in coastal protection projects that comprises of moving sand from the ocean floor to shoreline locations where erosion threatens shoreline assets; maintenance dredging, which consists of the re-dredging of previously deepened waterways and harbors to remove silt, sand, and other accumulated sediments; land reclamations, channel deepening, and port infrastructure development; and lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects. The company serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns, such as utilities, oil, and other energy companies. It operates hydraulic dredges, hopper dredges, mechanical dredges, unloader, drill boat, and material and other barges equipment. The company was formerly known as Lydon & Drews Partnership and changed its name to Great Lakes Dredge & Dock Corporation in 1905. Great Lakes Dredge & Dock Corporation was founded in 1890 and is headquartered in Houston, Texas.


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In the chart Earnings are multiplied by this value.

Earnings Growth 10%
Earnings Stability -44%

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Net Margin-0.72%-1.1%-4.4%-1%6.9%9%6.8%-5.2%2.4%6.1%

What is the average Net Margin?

The average Net Margin over the past 5 years is +3.14%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is -0.63%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +6.31%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is -1.94%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +6.76%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is -1.56%.

Safety & Stabiliy

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Debt FCF-7.87-8.71-16.693.492.1210.33-4.74-2.27-3.98-7.27
Debt Equity1.411.581.951.501.160.930.800.871.070.93
Graham Stability-----100%100%-62%51%-62%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is -7.27.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is -1.88.

What is the Graham’s Stability?

Graham’s Stability measure stands at -0.62.


Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Net Income---41%--59%
Stockholders Equity6.5%12%3.6%4.7%1.4%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is -1.02%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is -0.54%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is -.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is -59.2%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is +12.4%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is +1.42%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is -.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is -144.62%.