Great Lakes Dredge & Dock Corporation (GLDD) Fair Value & Analysis

Industrials · US · Market cap $1.1B

A solid business, screening 90% undervalued on our models.

What matters now

• The model range is unusually wide ($8.44 to $23.08). The outcome hinges heavily on assumptions, so read the point estimate with caution.
• Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range $4.80 – $16.98 · fair‑value band $8.44 – $23.08 · the $8.30 price screens below the $15.75 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Great Lakes Dredge & Dock Corporation (GLDD) currently trades at $8.30, while our model-based Fair Value estimate is $15.75, implying the stock looks roughly 89.8% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Great Lakes Dredge & Dock Corporation generated revenue of $888M at a net margin of 8.3%. Revenue grew 26.5% year over year. It earns a return on equity of 15.2%. Net debt stands at $445M. Fundamentals as of Jul 16, 2026

Our scenario range runs from $8.44 (bear case) to $23.08 (bull case); at $8.30, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 51% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 90%, GLDD screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth Earnings ($19.17) versus Dividend Discount ($0.1100). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company offers 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 …

Full company description

Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company offers 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 comprising 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; and lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects. In addition, the company operates hydraulic dredges, hopper dredges, mechanical dredges, scows, and multi cats equipment. It serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns comprising utilities, oil and gas, and other energy companies. 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. As of April 1, 2026, Great Lakes Dredge & Dock Corporation operates as a subsidiary of Saltchuk Resources, Inc. As of April 1, 2026, Great Lakes Dredge & Dock Corporation operates as a subsidiary of Saltchuk Resources, Inc.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Great Lakes Dredge & Dock Corporation reported revenue of $888M in FY2025 versus $726M in FY2021, a compound +5.2%/yr. Reported net income was $73.5M in FY2025, compounding +10.4%/yr from FY2021.

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Peer Group

Engineering & Construction · 837 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Engineering & Construction median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.