- Drake General Contractors DGC - TX
- 2026
- 4
- 2
- 50.00%
- $103,174,000
- 22.61%
- 9.47%
- 14.70%
- $103,952,579

DGC enters the period with **$78.2M** in remaining backlog across three active water projects, generating steady but modest monthly billings given the 120- and 480-month durations. The two 2026 awards (**$103.2M** total low bids) are in early mobilization, limiting near-term cash acceleration. Success rate of 50% on 2026 bids supports continued pipeline replenishment.
Medium-term Outlook (6-12 months)
Execution of the **$60.3M** Celina and **$11.8M** East Water remainders will drive the majority of revenue, with average left on low at 22.61% indicating potential margin pressure. The 100% success rate achieved in 2025 provides a benchmark for sustaining backlog through additional water-facility bids. Cash flow remains predictable yet front-loaded only modestly due to extended contract lengths.
Key Risk Period
The 120- to 480-month project durations create prolonged exposure to escalation, labor, and regulatory risks beyond 12 months, with the largest contract (**$67.0M** Celina) carrying **$60.3M** still at stake. Low near-term burn rates heighten working-capital strain if new awards slow.
Recommendations
Prioritize bidding shorter-duration or phased work to improve cash velocity while maintaining the current 50% win rate discipline. Monitor monthly burn against the **$78.2M** backlog to trigger early change-order or financing actions.
- Mccary Street Reconstruction
- Celina
- $66,997,000
- 08/01/26
- 120
- 28.3%
- $16,749,250
- $48,014,517
- Mccary Street Reconstruction
- Melissa
- $36,177,000
- 05/23/26
- 120
- 85.8%
- $9,044,250
- $5,125,075
- Mccary Street Reconstruction
- Mabank
- $16,157,000
- 10/19/25
- 480
- 66.5%
- $1,009,812
- $5,419,327
- $26,803,312
- $58,558,919

