Granite Construction Incorporated

Granite Construction Incorporated

GVA
Granite Construction IncorporatedUS flagNew York Stock Exchange
140.60
USD
+1.61
- -
6.15BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
58.42
58.2
60.27
63.57
74.34
75.45
62.61
78.1
76.48
74.21
79.97
91.4
101.36
106.2
Basic EPS, GAAP
-0.94
0.65
1.54
1.44
0.86
0.01
-1.29
-3.18
0.22
1.87
0.99
2.88
4.42
4.24
Free Cash Flow per Basic Share
-0.99
-0.01
0.58
-0.45
1.97
-0.57
0.1
3.84
-1.59
-1.48
0.99
7.3
7.58
6.92
Dividend per Share
0.52
0.52
0.52
0.52
0.52
0.51
0.52
0.52
0.52
0.52
0.52
0.52
0.52
0.52
Book Value per Share
16.89
16.89
17.79
18.61
19.7
15.61
12.78
9.32
8.98
10.83
11.45
13.8
17.76
16.66
Tangible Book Value per Share
18.31
18.96
20.25
21.51
23.19
22.13
18.61
20.33
20.36
20.28
17.2
16.81
14.69
11.59
Basic Weighted Avg Shares
39
39
39
40
40
44
47
46
46
44
44
44
44
44
Sales/Revenue/Turnover
2,267
2,275
2,371
2,515
2,958
3,287
2,915
3,562
3,502
3,301
3,509
4,008
4,424
4,637
Operating Margin (%)
-0.65
2.04
4.05
3.34
1.97
1.89
-1.89
-0.24
-1.19
2.2
1.47
4.96
5.93
5.81
Depreciation Expense
73
68
64
64
66
112
122
113
109
83
92
126
162
174
Net Income, GAAP
-36
25
60
57
34
1
-60
-145
10
83
44
126
193
185
Effective Tax Rate (%)
- -
35.47
34.01
31.3
37.81
- -
- -
121.88
89.09
14.12
50.57
28.42
23.71
24.29
Profit Margin (%)
-1.61
1.11
2.55
2.27
1.15
0.02
-2.06
-4.07
0.29
2.52
1.24
3.15
4.36
3.99
Working Capital
453
454
519
559
577
603
535
512
758
550
614
685
330
126
LT Debt
277
276
244
229
178
335
415
370
364
319
678
812
1,089
984
Total Equity
786
817
870
923
993
1,289
1,178
992
996
985
1,027
1,079
1,222
1,081
Return on Invested Capital (%)
- -
2.78
5.7
5.03
3.04
- -
- -
-0.22
-0.33
4.65
1.66
7.74
8.64
9.38
Return on Capital (%)
- -
2.52
6.37
5.63
3.13
- -
- -
-13.79
2.46
11.84
6.24
9.55
10.57
11.04
Return on Common Equity (%)
-5.32
3.85
8.89
7.96
4.49
0.08
-9.44
-28.45
2.41
18.65
8.86
22.82
27.97
28.6

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
404
409
412
LT Borrowings
966
963
861
LT Finance Leases
126
126
123
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
44
43
44
Market Capitalization
4,787
5,035
5,235

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,980
1,812
1,605
Cash, Cash Equivalents & STI
701
735
442
Accounts Receivable, Net
381
458
452
Inventories
145
143
169
Total Current Liabilities
1,634
1,482
1,479
Payables & Accruals
671
549
567
ST Debt
404
409
412
Deferred Revenue
327
327
357

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.09%
4.37%
13.17%
Free Cash Flow
305.69%
65.01%
3.35%
Net Income, GAAP
-963.21%
162.61%
52.76%
Sales/Revenue/Turnover
6.92%
4.69%
10.4%
Total Cash Common Dividend
1.13%
-0.85%
-0.41%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
672
1,082
1,276
977
4,008
2025
700
1,126
1,433
1,165
4,424
2026
912
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.7
0.84
1.81
0.95
2.88
2025
-0.77
1.64
2.35
1.19
4.42
2026
-0.96
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
0.13
0.13
0.13
0.52
2025
0.13
0.13
0.13
0.13
0.52
2026
0.13
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Kyle T. Larkin
Full Time Employees
2,300
Sector
Industrials
Industry
Engineering & Construction
Address
585 West Beach Street Watsonville CA United States of America 95076
IPO Date
Apr 20, 1990
Business
Granite Construction Incorporated (NYSE: GVA) is a diversified heavy civil construction and construction materials company that delivers infrastructure solutions for public and private clients throughout the Americas, with a focus on transportation, water infrastructure, and mineral exploration markets; it provides construction services encompassing highways, bridges, airports, ports and marine facilities, rail and mass transit, dams, locks, reservoirs, water transmission and delivery, well drilling, pump sales and service, well rehabilitation, site preparation, mining, and infrastructure for railways, residential development, energy development, commercial and industrial facilities; in addition, the company produces and supplies construction materials including specialty aggregates, sand, gravel, asphalt concrete from 76 facilities primarily in the western United States, and offers complementary services through subsidiaries such as Granite Construction Supply for construction supplies, rental equipment, sign fabrication, banners, decals, and fleet graphics; Granite Inliner for cured-in-place pipe (CIPP) and trenchless pipeline rehabilitation; and Granite Power for material management, transmission and distribution construction, and energy efficiency facilities management. Founded in 1922 and headquartered in Watsonville, California, Granite operates through regional groups including the California Group, Mountain Group, and Central Group, with recent expansions into the Southeast United States, serving markets across the West, Central regions, Mississippi, Gulf Coast areas of Louisiana and Alabama, and beyond; the company maintains approximately 2,100 employees and holds notable market share in remediation and environmental cleanup services as well as water and sewer line construction. Recent developments include the completion of acquisitions of Warren Paving in Mississippi and Papich Construction in California for a combined $710 million in August 2025, enhancing vertical integration with additional aggregate quarries, asphalt plants, paving operations, and over 440 million tons of reserves while boosting annual aggregate production by 27%; subsidiary Centennial Aggregate Inc. acquired Cinderlite Trucking Corporation in Carson City, Nevada in October 2025, further expanding construction materials, landscape supply, and transportation capabilities; these moves follow prior Southeast acquisitions such as Lehman-Roberts and Memphis Stone & Gravel in 2023 and Dickerson & Bowen in 2024, increasing aggregate production to 25 million tons from 16 million in 2021 and driving record backlog to $6.3 billion as of third quarter 2025, with raised full-year revenue guidance to $4.35 billion-$4.55 billion.

Company News

MCPAPIChat
  • Granite Declares Quarterly Dividend

  • Granite to Complete Initial Phase of Tahoe Cedars Water System Reconstruction

  • Granite Awarded $41 Million Project in Orange County, Florida

  • Granite Construction Incorporated Announces Redemption of Outstanding 3.75% Convertible Senior Notes due 2028

  • Granite Construction Incorporated Prices $600 Million Senior Notes Offering

  • Granite Construction Incorporated Announces Private Offering of $600 Million of Senior Notes Due 2034

  • Granite Awarded Parks Highway MP 315–325 Reconstruction Project in Alaska

  • Granite to Complete $15M Pavement Preservation Near Chickaloon, Alaska

  • Granite Construction Incorporated (GVA) Q1 2026 Earnings Call Transcript

  • Granite Reports First Quarter 2026 Results

  • Granite Publishes Annual Sustainability Report

  • Granite Completes Acquisition of Kenny Seng Construction to Expand Vertically-Integrated Home Market in Utah

  • Granite Announces Timing of Earnings Release and Investor Conference Call

  • Granite Construction's Outperformance Should Continue

  • Granite Wins $114M Award for Next Segment of Highway 101 Project

  • Granite Secures $495M in Tactical Infrastructure Work

  • Infrastructure Stock Up 67% This Past Year Just Drew a New $6 Million Investment

  • Dimensional Fund Advisors LP Lowers Stake in Granite Construction Incorporated $GVA

  • Granite Earns Handshake Early Talent Award for Sixth Consecutive Year

  • Fisher Asset Management LLC Sells 9,026 Shares of Granite Construction Incorporated $GVA