- Earthwork Solutions
- 2026
- 28
- 5
- 17.86%
- $12,103,400
- 11.29%
- 15.42%
- 10.66%
- $46,290,686

Earthwork Solutions faces constrained cash flow from a limited **$5.1M** remaining backlog across four active projects, with minimal near-term billings expected given the slow burn rates. The **19.2%** success rate on **$43.2M** in 2026 bids signals ongoing difficulty converting opportunities amid competitive WA markets.
Medium-term Outlook (6-12 months)
Improved margins of **11.29%** on the **$12.1M** in 2026 low bids could support better profitability if additional work is secured, though total backlog remains insufficient to sustain operations through year-end without new awards. Bid volume decline from **$67.6M** in 2025 to **$43.2M** in 2026 heightens the need for aggressive pursuit of watermain and culvert projects.
Key Risk Period
The period following completion of current 120-month contracts poses the greatest exposure, as the thin **$5.1M** backlog offers little buffer against delayed starts or further bid losses. Extended durations combined with only **$193K–$2.2M** remaining per project amplify cash flow volatility if mobilization lags.
Recommendations
Prioritize increasing bid submissions to rebuild backlog above **$15M** while targeting higher-margin earthwork scopes. Monitor monthly cash draws closely and consider joint ventures to improve the **19.2%** win rate in the near term.
- 2025 Water Main and PRV Improvements
- Snohomish County
- $1,107,118
- 10/7/26
- Lift Station 24 Conveyance Improvements
- Everett
- $2,000,350
- 9/29/26
- Bayview Trail Improvements
- Lake Stevens
- $723,070
- 7/17/26
- Citywide Non Motorized Improvements
- Bellingham
- $1,685,281
- 6/16/26
- Marysville Middle School 49th Drive NE South Grove Street Safe Routes School
- Marysville
- $430,338
- 6/9/26
- Willows Road Watermain Extension
- Redmond
- $1,323,739
- 6/4/26
- Beverly Park Road ADA Upgrades 18th Avenue West Sidewalk Improvements
- Snohomish County
- $654,867
- 5/28/26
- 2026 Pavement Preservation
- Marysville
- $4,764,732
- 5/28/26
- ADA Curb Ramp 2026
- Redmond
- $1,832,795
- 5/21/26
- Highlands Reservoir Water Main Improvements
- Renton
- $6,567,108
- 3/25/26
- 2026 Doon Way Waterline Replacements
- Anacortes
- $1,390,965
- 3/25/26
- Cast Iron Water Main Replacement Phase 1 Evergreen Ridge
- Snohomish County
- $2,047,608
- 3/23/26
- 13th Street Park Avenue Intersection Improvements
- Snohomish
- $315,011
- 3/12/26
- 2026 Curb Ramp Replacement
- Sequim
- $959,453
- 3/11/26
- 272nd Street NW 72nd Ave NW Sidewalk Improvements
- Stanwood
- $665,477
- 3/3/26
- Greely Street Water Quality Retrofit
- Everett
- $651,615
- 3/3/26
- Cast Iron Main Replacement Phase 2 Silver Lake Water Sewer District
- Snohomish County
- $3,448,654
- 3/3/26
- 2026 South Machias Road Culvert Replacements
- Snohomish County
- $2,112,651
- 2/24/26
- Pedestrian Crossing Improvements
- Anacortes
- $193,074
- 2/18/26
- Cityview Drive Truman Avenue Buildout
- Richland
- $1,437,491
- 2/3/26
- Downtown Street Tree Sidewalk Repair
- Shelton
- $239,627
- 2/3/26
- Queensborough Sewer Rehabilitation
- Alderwood Water and Wastewater District
- $3,557,131
- 2/3/26
- Valley Plaza Water Main Replacement
- Fife
- $939,886
- 1/29/26
- 112th St SW Lake Louise School Sidewalk
- Lakewood
- $772,852
- 1/28/26
- Q Avenue Pedestrian Crossings
- Anacortes
- $267,107
- 1/28/26
- Depot Market Plaza Expansion
- Anacortes
- $277,719
- 1/22/26
- Transit Connection Corridor
- Mountlake Terrace
- $1,863,704
- 1/21/26
- 2026 Phase 1 Water Main Replacement
- Bellevue
- $4,061,263
- 1/8/26


