Granite Construction Incorporated (FRA:GRG)

Granite Construction Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	4,236	4,008	3,509	3,301	3,502	3,562
Revenue Growth (YoY)	6.87%	14.20%	6.30%	-5.73%	-1.70%	22.22%
Cost of Revenue	3,542	3,435	3,113	2,932	3,139	3,218
Gross Profit	694.25	572.7	396.4	369.49	362.65	344.79
Selling, General & Admin	387.91	334.16	294.47	272.61	303.02	316.28
Other Operating Expenses	37.44	37.44	20.72	25.92	101.35	37.09
Operating Expenses	425.35	371.6	315.18	298.53	404.37	353.37
Operating Income	268.9	201.1	81.22	70.96	-41.72	-8.59
Interest Expense	-36.91	-29.19	-18.46	-12.62	-20.74	-24.2
Interest & Investment Income	24.55	24.35	17.54	6.53	1.18	3.1
Earnings From Equity Investments	13.8	16.98	25.75	13.57	12.59	8.78
Other Non Operating Income (Expenses)	11.72	4.24	6.02	-1.04	4.39	4.2
EBT Excluding Unusual Items	282.06	217.48	112.06	77.4	-44.31	-16.7
Merger & Restructuring Charges	-18.1	-2.5	-5	-	-	-
Impairment of Goodwill	-	-	-4.5	-	-	-147.1
Gain (Loss) on Sale of Assets	10.53	8.76	28.35	14.42	66.44	6.93
Asset Writedown	-	-	-	-	-	-9.59
Legal Settlements	6.68	-	-20	-	-	-
Other Unusual Items	-	-27.55	-51.05	-	-	-
Pretax Income	281.17	196.19	59.85	91.82	22.13	-166.46
Income Tax Expense	72.7	55.75	30.27	12.96	19.71	-0.28
Earnings From Continuing Operations	208.47	140.44	29.59	78.86	2.41	-166.18
Net Income to Company	208.47	140.44	29.59	78.86	2.41	-166.18
Minority Interest in Earnings	-26.01	-14.1	14.01	4.45	7.68	21.06
Net Income	182.46	126.35	43.6	83.3	10.1	-145.12
Net Income to Common	182.46	126.35	43.6	83.3	10.1	-145.12
Net Income Growth	64.58%	189.79%	-47.66%	725.10%	-	-
Shares Outstanding (Basic)	44	44	44	44	46	46
Shares Outstanding (Diluted)	53	53	53	52	48	46
Shares Change (YoY)	-10.00%	-0.10%	0.46%	9.93%	4.35%	-2.03%
EPS (Basic)	4.18	2.88	0.99	1.87	0.22	-3.18
EPS (Diluted)	3.67	2.62	0.97	1.70	0.21	-3.18
EPS Growth	68.53%	169.33%	-42.83%	711.69%	-	-
Free Cash Flow	346.44	319.94	43.32	-65.97	-72.88	175.21
Free Cash Flow Per Share	6.56	6.09	0.82	-1.26	-1.53	3.84
Dividend Per Share	0.520	0.520	0.520	0.520	0.520	0.520
Gross Margin	16.39%	14.29%	11.30%	11.19%	10.36%	9.68%
Operating Margin	6.35%	5.02%	2.31%	2.15%	-1.19%	-0.24%
Profit Margin	4.31%	3.15%	1.24%	2.52%	0.29%	-4.07%
Free Cash Flow Margin	8.18%	7.98%	1.23%	-2.00%	-2.08%	4.92%
EBITDA	416.57	327.43	173.49	153.53	67.33	104.37
EBITDA Margin	9.83%	8.17%	4.94%	4.65%	1.92%	2.93%
D&A For EBITDA	147.66	126.33	92.27	82.57	109.05	112.96
EBIT	268.9	201.1	81.22	70.96	-41.72	-8.59
EBIT Margin	6.35%	5.02%	2.31%	2.15%	-1.19%	-0.24%
Effective Tax Rate	25.86%	28.42%	50.57%	14.12%	89.09%	-
Revenue as Reported	-	-	-	-	3,502	3,562

Source: S&P Global Market Intelligence. Standard template. Financial Sources.