Shimmick is an industry leader delivering turnkey infrastructure solutions across water, energy, climate resiliency, and sustainable transportation, integrating technical excellence with collaborative project delivery. The company achieved a backlog of approximately $754 million as of Q3 2025, up 15% quarter-over-quarter with a book-to-burn ratio of 1.7x.
Cyborg Score Rationale
Q3 2025 results showed gross margin improvement on core projects up 67% year-over-year and a strong backlog momentum at 1.7x book-to-burn ratio. However, Q3 2025 revenue declined 15% year-over-year to $142 million, indicating ongoing operational headwinds despite margin improvements.
Top Insights
Backlog reached $754M in Q3 2025 with 1.7x book-to-burn ratio, first quarter above 1.0x since 2023, signaling future growth momentum
Company rebranded from SCCI National Holdings to Shimmick in September 2023, reflecting strategic pivot to core water and infrastructure focus
Divested foundation drilling non-core projects in 2024, streamlining portfolio to higher-margin core business
Employed 1,200 full-time employees as of year-end 2024, positioned to scale with growing backlog
Named Competitors
Engineering and Construction Services — Global engineering and construction consulting
Water and Infrastructure Solutions — Engineering, construction, and consulting services
Infrastructure Construction — Transportation and infrastructure contractor
Recent Developments
(Nov 2025) Named preferred bidder on $81.5M in water and electrical projects