Great Lakes Dredge & Dock CORPGLDDEarnings & Financial Report
Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. The company was based in Oak Brook, Illinois, but in October 2020 relocated its corporate headquarters to Houston, Texas.
GLDD Q3 2025 Key Financial Metrics
Revenue
$195.2M
Gross Profit
$43.8M
Operating Profit
$28.1M
Net Profit
$17.7M
Gross Margin
22.4%
Operating Margin
14.4%
Net Margin
9.1%
YoY Growth
2.1%
EPS
$0.26
Financial Flow
Great Lakes Dredge & Dock CORP Q3 2025 Financial Summary
Great Lakes Dredge & Dock CORP reported revenue of $195.2M for Q3 2025, with a net profit of $17.7M (9.1% margin). Cost of goods sold was $151.4M, operating expenses totaled $15.6M.
Key Financial Metrics
| Total Revenue | $195.2M |
|---|---|
| Net Profit | $17.7M |
| Gross Margin | 22.4% |
| Operating Margin | 14.4% |
| Report Period | Q3 2025 |
Great Lakes Dredge & Dock CORP Annual Revenue by Year
Great Lakes Dredge & Dock CORP annual revenue history includes year-by-year totals (for example, 2024 revenue was $762.7M).
| Year | Annual Revenue |
|---|---|
| 2024 | $762.7M |
| 2023 | $589.6M |
| 2022 | $648.8M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $181.7M | $198.7M | $170.1M | $191.2M | $202.8M | $242.9M | $193.8M | $195.2M |
| YoY Growth | 23.9% | 25.7% | 28.2% | 63.1% | 11.6% | 22.3% | 13.9% | 2.1% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.11B | $1.10B | $1.13B | $1.15B | $1.26B | $1.23B | $1.24B | $1.27B |
| Liabilities | $725.3M | $686.0M | $709.6M | $719.9M | $806.2M | $753.5M | $759.8M | $765.6M |
| Equity | $385.5M | $409.0M | $418.0M | $425.4M | $448.9M | $479.9M | $481.9M | $502.1M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-2.2M | $38.4M | $18.4M | $26.8M | $-13.5M | $60.9M | $56.9M | $49.2M |