Granite Construction Incorporated logo

Granite Construction Incorporated

GVA

NYSEIndustrialsEngineering & Construction

Previous close

$123.74

+$0.77 · +0.63%

Aug 21, 4:00 PM ET

GVA company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

82

Deep Value

Momentum

37

Weakening

Sentiment

69

Bullish

Risk resilience

51

Elevated Risk

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Company profile

Company website

Granite Construction Incorporated is a leading U.S. company that functions as both an infrastructure contractor and a producer of essential construction materials. Its activities are primarily divided into two key segments: Construction and Materials. The Construction division is responsible for developing and restoring public infrastructure, encompassing roadways, bridges, rail systems, airports, marine facilities, dams, reservoirs, and aqueducts, alongside general site development. This segment also specializes in water infrastructure projects for a diverse clientele, including municipal bodies, commercial water suppliers, industrial facilities, and energy companies. Furthermore, it undertakes complex ventures such as mining operations, public safety installations, tunnel construction, and both solar and conventional power projects. The Materials segment focuses on manufacturing aggregates and asphalt, supplying these critical components for both the company's internal construction needs and for external sale to third parties. Additionally, this division provides various services including site preparation, mining, and infrastructure development for residential, energy, commercial, and industrial sites, alongside professional construction management expertise. Granite Construction serves an extensive range of clients, from federal and state government agencies, transportation authorities, and local public works departments, to educational institutions, property developers, utility providers, other contractors, landscapers, manufacturers reliant on aggregate materials, retailers, homeowners, agricultural businesses, brokers, and private owners of industrial, commercial, and residential properties. Established in 1922, Granite Construction Incorporated maintains its headquarters in Watsonville, California.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
US
CEO
Kyle T. Larkin
Listed since
Apr 20, 1990
Employees
2,500

Market position

Day range

Current $123.74

52-week range

Current $123.74

Open
$123.59
Previous close
$122.97
Volume
182.93K
0.22× average
Average volume
848.76K
Average daily volume
Market cap
5.42B USD
Beta
1.34
Market reference 1
50-day average
$132.69
-6.75% below average
200-day average
$125.37
-1.30% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6.13B USD
P/E (TTM)
-32.82×
P/B (TTM)
7.19×
P/S (TTM)
1.09×
EV / EBITDA
12.3×
Earnings yield
3.83%
Free cash flow yield
6.57%
Dividend yield
0.42%

Profitability & efficiency

Gross margin
15.64%
Operating margin
5.96%
Net margin
-3.32%
Return on equity
16.37%
Return on assets
4.79%
Return on invested capital
6.77%

Financial health

Debt / equity
2.3×
Current ratio
1.22×
Altman Z-score
2
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends18%11%5%-1%Gross margin, FY2021: 10.36%Gross margin, FY2022: 11.19%Gross margin, FY2023: 11.30%Gross margin, FY2024: 14.29%Gross margin, FY2025: 16.07%Operating margin, FY2021: 0.71%Operating margin, FY2022: 2.20%Operating margin, FY2023: 2.28%Operating margin, FY2024: 5.17%Operating margin, FY2025: 5.93%Net margin, FY2021: 0.29%Net margin, FY2022: 2.52%Net margin, FY2023: 1.24%Net margin, FY2024: 3.15%Net margin, FY2025: 4.36%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 10.36%. Gross margin FY2022 11.19%. Gross margin FY2023 11.30%. Gross margin FY2024 14.29%. Gross margin FY2025 16.07%. Operating margin FY2021 0.71%. Operating margin FY2022 2.20%. Operating margin FY2023 2.28%. Operating margin FY2024 5.17%. Operating margin FY2025 5.93%. Net margin FY2021 0.29%. Net margin FY2022 2.52%. Net margin FY2023 1.24%. Net margin FY2024 3.15%. Net margin FY2025 4.36%.

Income trends

Revenue

4.42B USD+10.40%

Operating income

262.24M USD+26.46%

Net income

193M USD+52.76%
Income trends across reported periods4.87B USD3.1B USD1.33B USD−431.33M USDRevenue, FY2021: 3.5B USDRevenue, FY2022: 3.3B USDRevenue, FY2023: 3.51B USDRevenue, FY2024: 4.01B USDRevenue, FY2025: 4.42B USDOperating income, FY2021: 24.72M USDOperating income, FY2022: 72.76M USDOperating income, FY2023: 80.06M USDOperating income, FY2024: 207.36M USDOperating income, FY2025: 262.24M USDNet income, FY2021: 10.1M USDNet income, FY2022: 83.3M USDNet income, FY2023: 43.6M USDNet income, FY2024: 126.35M USDNet income, FY2025: 193M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.5B USD. Revenue FY2022 3.3B USD. Revenue FY2023 3.51B USD. Revenue FY2024 4.01B USD. Revenue FY2025 4.42B USD. Operating income FY2021 24.72M USD. Operating income FY2022 72.76M USD. Operating income FY2023 80.06M USD. Operating income FY2024 207.36M USD. Operating income FY2025 262.24M USD. Net income FY2021 10.1M USD. Net income FY2022 83.3M USD. Net income FY2023 43.6M USD. Net income FY2024 126.35M USD. Net income FY2025 193M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue4.42B USD4.01B USD3.51B USD3.3B USD3.5B USD
Cost of goods sold3.71B USD3.43B USD3.11B USD2.93B USD3.14B USD
Gross profit711.22M USD572.7M USD396.4M USD369.49M USD362.65M USD
Selling, general, and administrative407.56M USD334.16M USD294.47M USD272.61M USD303.02M USD
Operating expenses448.98M USD365.33M USD316.34M USD296.73M USD337.93M USD
Interest income26.88M USD24.35M USD17.54M USD6.53M USD1.18M USD
Interest expense47.22M USD29.19M USD18.46M USD12.62M USD20.74M USD
Depreciation and amortization162.43M USD126.33M USD92.27M USD82.57M USD109.05M USD
Operating income262.24M USD207.36M USD80.06M USD72.76M USD24.72M USD
Net income193M USD126.35M USD43.6M USD83.3M USD10.1M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
-4.11%
11 comparable reports
Latest EPS result
2.16
Estimate 2.25 · Miss by 4.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.752.060.38-1.31Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 1.23, estimate 1.27, surprise -3.15%, Miss. Q2 2025, reported May 1, 2025: actual -0.77, estimate -0.43, surprise -79.07%, Miss. Q3 2025, reported Aug 7, 2025: actual 1.93, estimate 1.77, surprise +9.04%, Beat. Q4 2025, reported Nov 6, 2025: actual 2.7, estimate 2.56, surprise +5.47%, Beat. Q1 2026, reported Feb 12, 2026: actual 1.4, estimate 1.34, surprise +4.48%, Beat. Q2 2026, reported Apr 30, 2026: actual -0.96, estimate -0.767, surprise -25.22%, Miss. Q3 2026, reported Jul 30, 2026: actual 2.16, estimate 2.25, surprise -4.00%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 3.4, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.78B1.39B1.01B619.72MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 977.3M USD, estimate 949.86M USD, surprise +2.89%, Beat. Q2 2025, reported May 1, 2025: actual 699.55M USD, estimate 706.15M USD, surprise -0.94%, Miss. Q3 2025, reported Aug 7, 2025: actual 1.13B USD, estimate 1.16B USD, surprise -2.53%, Miss. Q4 2025, reported Nov 6, 2025: actual 1.43B USD, estimate 1.48B USD, surprise -3.38%, Miss. Q1 2026, reported Feb 12, 2026: actual 1.17B USD, estimate 1.15B USD, surprise +1.54%, Beat. Q2 2026, reported Apr 30, 2026: actual 912.47M USD, estimate 782.26M USD, surprise +16.64%, Beat. Q3 2026, reported Jul 30, 2026: actual 1.46B USD, estimate 1.41B USD, surprise +3.11%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 1.7B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$159.67

29.04% upside
Past 12 months12-month forecastHigh $180Average $159.67Low $119

Rating distribution

15 ratings
Strong buy00%
Buy1067%
Hold427%
Sell17%
Strong sell00%

Recent analyst actions

3 institutions
OppenheimermaintainOutperform

GVA news

Corporate actions

Corporate action history

Stock split

Effective Apr 16, 2001

3:2

Stock split

Effective Aug 10, 1998

3:2

Stock split

Effective Apr 22, 1996

3:2

GVA peers

ETFs holding GVA

Funds reporting this stock among their holdings, ordered by reported position size.

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