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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $4.42B | $4.01B | $3.51B | $3.30B | $3.01B | $3.56B |
| Cost of Revenue | $3.71B | $3.43B | $3.11B | $2.93B | $2.70B | $3.22B |
| Gross Profit | $711.22M | $572.70M | $396.40M | $369.49M | $305.56M | $344.79M |
| R&D | - | - | - | - | - | - |
| SG&A | $407.56M | $334.16M | $294.47M | $272.61M | $243.08M | $353.32M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $162.43M | $126.33M | $92.27M | $82.57M | $109.05M | $112.96M |
| Operating Income | $282.45M | $207.36M | $80.06M | $85.38M | $1.10M | ($158.34M) |
| Interest Expense | $47.22M | $29.19M | $18.46M | $12.62M | $20.28M | $24.20M |
| Income Tax | $68.48M | $55.75M | $30.27M | $12.96M | ($1.24M) | ($282.0K) |
| Net Income | $193.00M | $126.35M | $43.60M | $83.30M | $10.10M | ($145.12M) |
| EPS - Basic | $4.42 | $2.88 | $0.99 | $1.87 | $0.22 | ($3.18) |
| EPS - Diluted | $3.86 | $2.62 | $0.97 | $1.70 | $0.22 | ($3.18) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $529.22M | $578.33M | $417.66M | $293.99M | $395.65M | $436.14M |
| Accounts Receivable | $630.39M | $511.74M | $598.71M | $463.99M | $464.59M | $540.81M |
| Inventory | $143.13M | $108.17M | $103.90M | $86.81M | $61.97M | $82.36M |
| Accounts Payable | $430.30M | $407.22M | $408.36M | $334.39M | $324.31M | $359.16M |
| Current Assets | $1.81B | $1.72B | $1.64B | $1.35B | $1.83B | $1.46B |
| Total Assets | $4.03B | $3.03B | $2.81B | $2.17B | $2.49B | $2.38B |
| Current Liabilities | $1.48B | $1.03B | $1.03B | $797.59M | $1.07B | $943.26M |
| Long-term Debt | $963.23M | $737.94M | $614.78M | $286.93M | $331.19M | $330.52M |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $1.18B | $1.02B | $977.30M | $953.02M | $967.68M | $975.66M |
| Retained Earnings | $774.64M | $604.63M | $501.84M | $481.38M | $410.83M | $424.83M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $468.92M | $456.34M | $183.71M | $55.65M | $21.93M | $268.46M |
| Investing Cash Flow | ($993.72M) | ($228.56M) | ($359.29M) | ($11.00M) | ($21.48M) | ($41.26M) |
| Financing Cash Flow | $475.69M | ($67.12M) | $299.25M | ($164.31M) | ($24.45M) | ($57.66M) |
| CapEx | $138.27M | $136.41M | $140.38M | $121.61M | $94.81M | $93.25M |
| Free Cash Flow | $330.65M | $319.94M | $43.32M | ($65.97M) | ($72.88M) | $175.21M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 16.1% | 14.3% | 11.3% | 11.2% | 10.2% | 9.7% |
| Operating margin | 6.4% | 5.2% | 2.3% | 2.6% | 0.0% | -4.4% |
| EBITDA margin | 10.1% | 8.3% | 4.9% | 5.1% | 3.7% | -1.3% |
| Net margin | 4.4% | 3.2% | 1.2% | 2.5% | 0.3% | -4.1% |
| Free cash flow margin | 7.5% | 8.0% | 1.2% | -2.0% | -2.4% | 4.9% |
| FCF / Net income | 1.71 | 2.53 | 0.99 | -0.79 | -7.22 | -1.21 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 9.2% | 8.3% | 8.4% | 8.3% | 8.1% | 9.9% |
| Effective tax rate | 26.2% | 30.6% | 41.0% | 13.5% | -14.0% | - |
| Return on assets | 4.8% | 4.2% | 1.5% | 3.8% | 0.4% | -6.1% |
| Return on equity | 16.4% | 12.4% | 4.5% | 8.7% | 1.0% | -14.9% |
| Return on invested capital | 9.7% | 8.2% | 3.0% | 6.0% | 0.1% | -9.6% |
| Liquidity | ||||||
| Current ratio | 1.22 | 1.66 | 1.60 | 1.69 | 1.71 | 1.54 |
| Quick ratio | 1.13 | 1.56 | 1.49 | 1.58 | 1.65 | 1.46 |
| Cash ratio | 0.36 | 0.56 | 0.41 | 0.37 | 0.37 | 0.46 |
| Leverage | ||||||
| Debt / Equity | 0.82 | 0.73 | 0.63 | 0.30 | 0.34 | 0.34 |
| Debt / Assets | 0.24 | 0.24 | 0.22 | 0.13 | 0.13 | 0.14 |
| Debt / EBITDA | 2.17 | 2.21 | 3.57 | 1.71 | 3.01 | - |
| Interest coverage | 6.0x | 7.1x | 4.3x | 6.8x | 0.1x | -6.5x |
| Equity multiplier | 3.42 | 2.98 | 2.88 | 2.27 | 2.58 | 2.44 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 1.10 | 1.32 | 1.25 | 1.52 | 1.21 | 1.50 |
| Inventory turnover | 25.94 | 31.75 | 29.96 | 33.77 | 43.65 | 39.07 |
| Days sales outstanding | 52d | 47d | 62d | 51d | 56d | 55d |
| Days inventory outstanding | 14d | 11d | 12d | 11d | 8d | 9d |
| Days payable outstanding | 42d | 43d | 48d | 42d | 44d | 41d |
| Cash conversion cycle | 24d | 15d | 27d | 20d | 21d | 24d |
| Valuation | ||||||
| P / E | 29.9x | 33.5x | 52.4x | 20.6x | 175.9x | - |
| P / B | 5.2x | 4.5x | 2.7x | 1.9x | 1.8x | 1.2x |
| P / S | 1.4x | 1.1x | 0.8x | 0.6x | 0.6x | 0.3x |
| EV / EBITDA | 14.8x | 14.3x | 16.7x | 10.9x | 15.5x | - |
| Growth | ||||||
| Revenue growth (YoY) | 10.4% | 14.2% | 6.3% | 9.7% | -15.5% | 3.4% |
| Revenue CAGR (3y) | 10.3% | 10.0% | -0.5% | -1.4% | 6.2% | 6.0% |
| Revenue CAGR (5y) | 4.4% | 3.1% | 6.9% | 2.0% | 3.7% | 8.5% |
| Gross profit growth (YoY) | 24.2% | 44.5% | 7.3% | 20.9% | -11.4% | 55.5% |
| Operating income growth (YoY) | 36.2% | 159.0% | -6.2% | 7669.0% | - | -91.0% |
| Net income growth (YoY) | 52.8% | 189.8% | -47.7% | 725.1% | - | -141.1% |
| EPS growth (YoY) | 47.3% | 170.1% | -42.9% | 672.7% | - | -146.5% |
| EPS CAGR (3y) | 31.4% | 128.4% | - | - | -38.8% | - |
| EPS CAGR (5y) | - | - | 0.2% | -0.1% | -31.1% | - |
| FCF growth (YoY) | 3.3% | 638.5% | - | 9.5% | - | 3700.6% |
| FCF CAGR (5y) | 13.5% | 133.5% | - | - | - | 50.4% |
| Book value growth (YoY) | 16.1% | 3.9% | 2.5% | -1.5% | -0.8% | -14.5% |
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%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
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 |