Willdan Group (WLDN) Cash Flow: Operating & Free Cash Flow

Willdan Group Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Willdan Group, Inc. (WLDN) - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jan 2026	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Jan 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	52.56	52.56	22.57	10.93	-8.45	-8.42	-14.50	-14.50	4.84	10.03	12.13
Depreciation & Amortization	18.69	18.69	14.75	16.43	17.49	17.15	18.74	18.74	15.47	6.21	4.08
Deferred Income Tax	-	-13.28	2.62	2.58	-1.69	-2.74	-	-5.21	-0.21	-2.89	0.62
Stock Based Compensation	11.83	11.83	7.39	5.32	0.00	16.56	16.11	16.11	12.11	6.26	2.77
Change in Working Capital	-	6.36	23.95	1.75	-9.63	-15.16	22.85	22.85	-21.34	-11.08	-9.53
Change in Accounts Receivable	-14.57	-14.57	9.96	-17.52	-15.51	-10.93	38.57	37.38	-25.69	3.18	-7.41
Change in Inventory	-	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	-10.34	-3.61
Change in Accounts Payable	7.74	7.74	-0.83	4.36	-7.84	-4.70	7.37	7.37	-6.29	-1.58	3.19
Change in Other Working Capital	-3.10	3.73	14.82	14.91	13.72	-7.22	-24.96	-21.90	10.64	-2.34	-1.69
Other Operating Activities	-9.34	3.73	0.81	2.21	11.72	-0.33	2.50	9.02	0.74	-0.97	0.99
Net Cash from Operating Activities	80.08	80.08	72.07	39.21	9.43	9.80	47.03	47.03	11.62	7.57	11.07
Investing Activities
Capital Expenditures	-9.39	-9.39	-8.41	-9.93	-9.60	-8.50	-5.08	-5.08	-6.64	-2.11	-2.18
Acquisitions	-36.29	-36.29	-7.36	-1.60	0.08	0.00	-	0.00	-71.76	-124.34	-14.60
Other Investing Activities	-	0.05	0.03	0.07	0.00	0.05	-	0.02	0.05	0.06	0.00
Net Cash from Investing Activities	-45.63	-45.63	-15.74	-11.46	-9.53	-8.45	-5.06	-5.06	-78.35	-126.39	-16.78
Financing Activities
Debt Repayment	-129.80	-131.30	-9.76	-10.81	5.57	-14.91	-	-17.61	57.52	68.46	-3.55
Common Stock Issued	6.01	6.01	0.00	0.00	3.31	4.58	3.31	0.00	0.00	55.27	0.83
Common Stock Repurchased	-5.48	0.00	0.00	0.00	0.00	-3.12	-2.95	0.00	0.00	-0.44	0.00
Other Financing Activities	-0.33	-5.82	4.19	-13.04	-11.20	-6.62	-1.76	-1.40	-0.60	-4.07	1.02
Net Cash from Financing Activities	-42.69	-42.69	-5.57	-23.85	-2.32	-18.53	-19.01	-19.01	56.92	119.66	-2.53
Summary
Effect of Forex Changes on Cash	-	0.00	0.00	0.00	10.68	0.00	-	0.00	0.00	0.00	0.00
Net Change in Cash	-8.24	-8.24	50.76	3.91	8.26	-17.18	22.95	22.95	-9.81	0.84	-8.24
Cash at Beginning of Period	-	74.16	23.40	19.49	11.22	28.41	-	5.45	15.26	14.42	22.67
Cash at End of Period	-	65.92	74.16	23.40	19.49	11.22	-	28.41	5.45	15.26	14.42
Free Cash Flow	70.70	70.70	63.66	29.29	-0.17	1.30	41.95	41.95	4.98	5.46	8.89
Supplemental Disclosures
Interest Paid	-	-	7.52	10.19	5.07	3.54	5.03	-	-	-	-
Income Taxes Paid	-	-	1.32	-3.07	-1.12	-1.62	0.17	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jul 3, 2026. Data sources and methodology

Frequently Asked Questions About Willdan Group Cash Flow

What is Willdan Group's free cash flow?

Willdan Group generated free cash flow of $70.70M in fiscal 2025 (fiscal year ended Jan 2, 2026), operating cash flow of $80.08M minus $9.39M of capital expenditures. That was up 11.1% from $63.66M a year earlier. Free cash flow equaled 10.4% of revenue.

How much does Willdan Group spend on capital expenditures?

Willdan Group spent $9.39M on capital expenditures in fiscal 2025, compared with $8.41M a year earlier. That equals 11.7% of operating cash flow.

Does Willdan Group pay dividends or buy back shares?

Yes. In fiscal 2025 Willdan Group returned $5.48M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition