GVA · Granite Construction Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $912.47M | - | $1.43B | $1.13B | $699.55M | - | $1.28B | $672.27M | - | $1.12B |
| Cost of Revenue | $802.56M | - | $1.17B | $926.87M | $615.70M | - | $1.07B | $617.99M | - | $950.18M |
| Gross Profit | $109.91M | - | $260.55M | $199.10M | $83.85M | - | $202.95M | $54.28M | - | $166.64M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $140.95M | - | $101.64M | $85.89M | $115.91M | - | $91.65M | $87.99M | - | $74.79M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $42.01M | - | $28.66M | $24.42M | $30.17M | - | - | $29.07M | - | - |
| Operating Income | ($31.13M) | - | $143.65M | $103.56M | ($39.75M) | - | $104.30M | ($43.30M) | - | $73.82M |
| Interest Expense | $16.33M | - | $13.37M | $5.34M | $8.08M | - | $5.34M | $8.08M | - | $4.88M |
| Income Tax | ($12.12M) | - | $38.13M | $27.21M | ($11.76M) | - | $25.47M | ($9.53M) | - | $22.42M |
| Net Income | ($41.70M) | - | $102.93M | $71.70M | ($33.66M) | - | $78.95M | ($30.98M) | - | $57.62M |
| EPS - Basic | ($0.96) | - | $2.35 | $1.64 | ($0.77) | - | $1.81 | ($0.70) | - | $1.31 |
| EPS - Diluted | ($0.96) | - | $1.98 | $1.42 | ($0.77) | - | $1.57 | ($0.70) | - | $1.13 |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $265.71M | $529.22M | $441.80M | $322.02M | $379.07M | $578.33M | $462.29M | $321.75M | $417.66M | $292.12M |
| Accounts Receivable | $636.51M | $630.39M | $836.15M | $704.99M | $471.34M | $511.74M | $733.02M | $429.83M | $598.71M | $743.09M |
| Inventory | $168.79M | $143.13M | $145.24M | $126.48M | $128.43M | $108.17M | $107.97M | $116.96M | $103.90M | $92.13M |
| Accounts Payable | $430.31M | $430.30M | $527.63M | $441.42M | $375.39M | $407.22M | $509.98M | $347.38M | $408.36M | $477.03M |
| Current Assets | $1.60B | $1.81B | $1.98B | $1.69B | $1.50B | $1.72B | $1.81B | $1.42B | $1.64B | $1.70B |
| Total Assets | $3.78B | $4.03B | $4.15B | $3.11B | $2.91B | $3.03B | $3.13B | $2.60B | $2.81B | $2.58B |
| Current Liabilities | $1.48B | $1.48B | $1.63B | $1.08B | $953.64M | $1.03B | $1.16B | $936.43M | $1.03B | $1.06B |
| Long-term Debt | $861.19M | $963.23M | $966.35M | $733.04M | $738.60M | $737.94M | $737.46M | $513.20M | $614.78M | $403.79M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $1.03B | $1.18B | $1.16B | $1.06B | $993.53M | $1.02B | $1.01B | $946.46M | $977.30M | $955.35M |
| Retained Earnings | $727.19M | $774.64M | $728.33M | $631.16M | $565.22M | $604.63M | $568.88M | $465.05M | $501.84M | $481.64M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($30.87M) | - | - | - | $3.65M | - | - | $24.07M | - | - |
| Investing Cash Flow | $22.50M | - | - | - | ($156.31M) | - | - | ($10.76M) | - | - |
| Financing Cash Flow | ($255.13M) | - | - | - | ($46.59M) | - | - | ($109.22M) | - | - |
| CapEx | $26.14M | - | - | - | $32.21M | - | - | $27.87M | - | - |
| Free Cash Flow | ($57.01M) | - | - | - | ($28.56M) | - | - | ($3.80M) | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 12.0% | - | 18.2% | 17.7% | 12.0% | - | 15.9% | 8.1% | - | 14.9% |
| Operating margin | -3.4% | - | 10.0% | 9.2% | -5.7% | - | 8.2% | -6.4% | - | 6.6% |
| EBITDA margin | 1.2% | - | 12.0% | 11.4% | -1.4% | - | - | -2.1% | - | - |
| Net margin | -4.6% | - | 7.2% | 6.4% | -4.8% | - | 6.2% | -4.6% | - | 5.2% |
| Free cash flow margin | -6.2% | - | - | - | -4.1% | - | - | -0.6% | - | - |
| FCF / Net income | 1.37 | - | - | - | 0.85 | - | - | 0.12 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 15.4% | - | 7.1% | 7.6% | 16.6% | - | 7.2% | 13.1% | - | 6.7% |
| Effective tax rate | - | - | 27.0% | 27.5% | - | - | 24.4% | - | - | 28.0% |
| Return on assets | -1.1% | - | 2.5% | 2.3% | -1.2% | - | 2.5% | -1.2% | - | 2.2% |
| Return on equity | -4.0% | - | 8.9% | 6.7% | -3.4% | - | 7.8% | -3.3% | - | 6.0% |
| Return on invested capital | -1.3% | - | 4.9% | 4.2% | -1.8% | - | 4.5% | -2.3% | - | 3.9% |
| Liquidity | ||||||||||
| Current ratio | 1.09 | 1.22 | 1.21 | 1.57 | 1.57 | 1.66 | 1.56 | 1.51 | 1.60 | 1.60 |
| Quick ratio | 0.97 | 1.13 | 1.12 | 1.45 | 1.44 | 1.56 | 1.46 | 1.39 | 1.49 | 1.52 |
| Cash ratio | 0.18 | 0.36 | 0.27 | 0.30 | 0.40 | 0.56 | 0.40 | 0.34 | 0.41 | 0.28 |
| Leverage | ||||||||||
| Debt / Equity | 0.83 | 0.82 | 0.84 | 0.69 | 0.74 | 0.73 | 0.73 | 0.54 | 0.63 | 0.42 |
| Debt / Assets | 0.23 | 0.24 | 0.23 | 0.24 | 0.25 | 0.24 | 0.24 | 0.20 | 0.22 | 0.16 |
| Debt / EBITDA | 79.16 | - | 5.61 | 5.73 | - | - | - | - | - | - |
| Interest coverage | -1.9x | - | 10.7x | 19.4x | -4.9x | - | 19.5x | -5.4x | - | 15.1x |
| Equity multiplier | 3.66 | 3.42 | 3.59 | 2.92 | 2.93 | 2.98 | 3.11 | 2.74 | 2.88 | 2.70 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.24 | - | 0.35 | 0.36 | 0.24 | - | 0.41 | 0.26 | - | 0.43 |
| Inventory turnover | 4.75 | - | 8.08 | 7.33 | 4.79 | - | 9.93 | 5.28 | - | 10.31 |
| Days sales outstanding | 255d | - | 213d | 229d | 246d | - | 210d | 233d | - | 243d |
| Days inventory outstanding | 77d | - | 45d | 50d | 76d | - | 37d | 69d | - | 35d |
| Days payable outstanding | 196d | - | 164d | 174d | 223d | - | 174d | 205d | - | 183d |
| Cash conversion cycle | 136d | - | 94d | 105d | 100d | - | 73d | 97d | - | 95d |
| Valuation | ||||||||||
| P / E | - | - | 55.4x | 65.9x | - | - | 50.5x | - | - | 33.6x |
| P / B | 5.1x | - | 5.1x | 4.6x | 3.3x | - | 4.1x | 2.7x | - | 2.1x |
| P / S | 5.7x | - | 4.1x | 4.4x | 4.7x | - | 3.3x | 3.7x | - | 1.8x |
| EV / EBITDA | 534.4x | - | 37.1x | 41.8x | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 30.4% | - | - | -11.7% | 4.1% | - | 42.0% | 20.0% | - | 10.6% |
| Revenue CAGR (3y) | 17.7% | - | 12.4% | 13.6% | 8.5% | - | 9.8% | 0.1% | - | 1.6% |
| Revenue CAGR (5y) | 6.4% | - | 6.1% | 4.2% | 1.9% | - | 10.1% | 1.6% | - | 1.1% |
| Gross profit growth (YoY) | 31.1% | - | - | -1.9% | 54.5% | - | 96.9% | 67.8% | - | 38.4% |
| Operating income growth (YoY) | 21.7% | - | - | -0.7% | 8.2% | - | 261.4% | -0.1% | - | 23.0% |
| Net income growth (YoY) | -23.9% | - | - | -9.2% | -8.6% | - | - | -34.6% | - | -21.5% |
| EPS growth (YoY) | -24.7% | - | - | -9.6% | -10.0% | - | - | -32.1% | - | -21.5% |
| EPS CAGR (3y) | - | - | 11.2% | 53.8% | - | - | 11.3% | - | - | - |
| EPS CAGR (5y) | - | - | - | 82.6% | - | - | - | - | - | -0.7% |
| FCF growth (YoY) | -99.6% | - | - | - | -651.9% | - | - | 96.8% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 3.9% | 16.1% | - | 5.5% | 5.0% | 3.9% | 11.7% | 2.3% | 2.5% | 0.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.92B totalConstructions$2.61B · 89.4%
Materials$308.78M · 10.6%
Peer comparison
Same SIC group: Heavy Construction Other Than Bldg Const - Contractors
Comparing GRANITE CONSTRUCTION INC against the 5 most active filers in the same SIC group.
Dividends
$0.52/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.1300 |
| Dec 31, 2025 | $0.1300 |
| Sep 30, 2025 | $0.1300 |
| Jun 30, 2025 | $0.1300 |
| Mar 31, 2025 | $0.1300 |
| Dec 31, 2024 | $0.1300 |
| Sep 30, 2024 | $0.1300 |
| Jun 28, 2024 | $0.1300 |
| Mar 27, 2024 | $0.1300 |
| Dec 28, 2023 | $0.1300 |
| Sep 28, 2023 | $0.1300 |
| Jun 29, 2023 | $0.1300 |
| Mar 30, 2023 | $0.1300 |
| Dec 29, 2022 | $0.1300 |
| Sep 29, 2022 | $0.1300 |
| Jun 29, 2022 | $0.1300 |
| Mar 30, 2022 | $0.1300 |
| Dec 30, 2021 | $0.1300 |
| Sep 29, 2021 | $0.1300 |
| Jun 29, 2021 | $0.1300 |
| Mar 30, 2021 | $0.1300 |
| Dec 30, 2020 | $0.1300 |
| Sep 29, 2020 | $0.1300 |
| Jun 29, 2020 | $0.1300 |