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	21.21	31.17	21.87	11.5	34.91
Total Operating Expenses	428.77	365.33	316.34	284.11	337.93
Operating Income	282.45	207.36	80.06	85.38	24.72
Interest Income	41.84	41.33	43.29	20.1	13.76
Interest Expense	-47.22	-29.19	-18.46	-12.62	-20.74
Other Non-Operating Income (Expense)	-11.77	-31.79	-57.07	1.04	-4.39
Total Non-Operating Income (Expense)	-6.38	11.17	20.21	-6.44	2.59
Pretax Income	288.83	196.19	59.85	91.82	22.13
Provision for Income Taxes	68.48	55.75	30.27	12.96	19.71
Net Income	193	126.35	43.6	83.3	10.1
Minority Interest in Earnings	-27.35	-14.1	14.01	4.45	7.68
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	47.33%	170.10%	-42.94%	709.52%	-
Free Cash Flow	330.65	319.94	43.32	-65.97	-72.88
Free Cash Flow Growth	3.35%	638.50%	-	-	-
Free Cash Flow Per Share	6.22	6.09	0.82	-1.26	-1.53
Dividends 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	6.38%	5.17%	2.28%	2.59%	0.71%
Profit Margin	4.98%	3.50%	0.84%	2.39%	0.07%
FCF Margin	7.47%	7.98%	1.23%	-2.00%	-2.08%
EBITDA	444.88	333.69	172.33	167.95	133.77
EBITDA Margin	10.06%	8.33%	4.91%	5.09%	3.82%
EBIT	282.45	207.36	80.06	85.38	24.72
EBIT Margin	6.38%	5.17%	2.28%	2.59%	0.71%
Effective Tax Rate	23.71%	28.42%	50.57%	14.12%	89.09%

Updated Feb 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q