Granite Construction Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,424	4,008	3,509	3,301	3,502
Revenue Growth (YoY)	10.40%	14.20%	6.30%	-5.73%	-1.70%
Cost of Revenue	3,713	3,435	3,113	2,932	3,139
Gross Profit	711.22	572.7	396.4	369.49	362.65
Selling, General & Admin	407.56	334.16	294.47	272.61	303.02
Other Operating Expenses	21.72	37.44	45.72	25.92	101.35
Operating Expenses	429.28	371.6	340.18	298.53	404.37
Operating Income	281.94	201.1	56.22	70.96	-41.72
Interest Expense	-47.22	-29.19	-18.46	-12.62	-20.74
Interest & Investment Income	26.88	24.35	17.54	6.53	1.18
Earnings From Equity Investments	14.96	16.98	25.75	13.57	12.59
Other Non Operating Income (Expenses)	11.77	4.24	6.02	-1.04	4.39
EBT Excluding Unusual Items	288.32	217.48	87.06	77.4	-44.31
Merger & Restructuring Charges	-19.7	-2.5	-	-	-
Impairment of Goodwill	-	-	-4.5	-	-
Gain (Loss) on Sale of Assets	20.21	8.76	28.35	14.42	66.44
Other Unusual Items	-	-27.55	-51.05	-	-
Pretax Income	288.83	196.19	59.85	91.82	22.13
Income Tax Expense	68.48	55.75	30.27	12.96	19.71
Earnings From Continuing Operations	220.35	140.44	29.59	78.86	2.41
Net Income to Company	220.35	140.44	29.59	78.86	2.41
Minority Interest in Earnings	-27.35	-14.1	14.01	4.45	7.68
Net Income	193	126.35	43.6	83.3	10.1
Net Income to Common	193	126.35	43.6	83.3	10.1
Net Income Growth	52.76%	189.79%	-47.66%	725.10%	-
Shares Outstanding (Basic)	44	44	44	44	46
Shares Outstanding (Diluted)	53	53	53	52	48
Shares Change (YoY)	1.18%	-0.10%	0.46%	9.93%	4.35%
EPS (Basic)	4.42	2.88	0.99	1.87	0.22
EPS (Diluted)	3.86	2.62	0.97	1.70	0.21
EPS Growth	47.18%	169.33%	-42.83%	711.69%	-
Free Cash Flow	330.65	319.94	43.32	-65.97	-72.88
Free Cash Flow Per Share	6.22	6.09	0.82	-1.26	-1.53
Dividend Per Share	0.520	0.520	0.520	0.520	0.520
Gross Margin	16.07%	14.29%	11.30%	11.19%	10.36%
Operating Margin	6.37%	5.02%	1.60%	2.15%	-1.19%
Profit Margin	4.36%	3.15%	1.24%	2.52%	0.29%
Free Cash Flow Margin	7.47%	7.98%	1.23%	-2.00%	-2.08%
EBITDA	444.37	327.43	148.49	153.53	67.33
EBITDA Margin	10.04%	8.17%	4.23%	4.65%	1.92%
D&A For EBITDA	162.43	126.33	92.27	82.57	109.05
EBIT	281.94	201.1	56.22	70.96	-41.72
EBIT Margin	6.37%	5.02%	1.60%	2.15%	-1.19%
Effective Tax Rate	23.71%	28.42%	50.57%	14.12%	89.09%
Revenue as Reported	-	-	-	-	3,502

Updated Feb 12, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q