Granite Construction Incorporated (GVA)

Granite Construction Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	4,967	4,424	4,008	3,509	3,301	3,502
Revenue Growth	21.80%	10.40%	14.20%	6.30%	-5.73%	-1.70%
Gross Profit Gross Profit Growth	776.94	711.22	572.7	396.4	369.49	362.65
Operating Income Operating Income Growth	298.22	279.44	201.1	56.22	70.96	-41.72
Net Income Net Income Growth	-164.9	193	126.35	43.6	83.3	10.1
Earnings Per Share EPS Growth	-3.78	3.86	2.62	0.97	1.70	0.21
EPS Growth	-	47.18%	169.33%	-42.83%	711.69%	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Public - Construction Segment Public - Construction Segment Growth	3,055	2,608	2,531	2,064	1,891
Private - Construction Segment Private - Construction Segment Growth	1,021	1,046	883.85	928.18	912.6
Aggregates - Materials Segment Aggregates - Materials Segment Growth	415.47	308.78	196.23	176.56	-
Asphalt - Materials Segment Asphalt - Materials Segment Growth	473.08	458.84	395.8	339.61	-
Other - Materials Segment Other - Materials Segment Growth	-	1.88	0.32	0.71	-
Revenue (Total) Revenue (Total) Growth	4,967	4,424	4,008	3,509	3,301

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	1,069	785.28	726.57	624.76	543.74	601.16
Total Debt Total Debt Growth	1,732	1,498	832.85	735.09	339.21	376.36
Net Cash (Debt) Net Cash Growth	-663.79	-712.31	-106.28	-110.33	204.53	224.8
Net Cash Growth	-	-	-	-	-9.02%	-3.55%
Net Cash Per Share Net Cash Per Share Growth	-15.20	-13.41	-2.02	-2.10	3.91	4.72

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	605.02	468.92	456.34	183.71	55.65	21.93
Capital Expenditures CapEx Growth	-133.12	-138.27	-136.41	-140.38	-121.61	-94.81
Free Cash Flow Free Cash Flow Growth	471.91	330.65	319.94	43.32	-65.97	-72.88
Free Cash Flow Growth	52.66%	3.35%	638.50%	-	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	15.64%	16.07%	14.29%	11.30%	11.19%	10.36%
Operating Margin	6.00%	6.32%	5.02%	1.60%	2.15%	-1.19%
Pretax Margin	-1.34%	6.53%	4.90%	1.71%	2.78%	0.63%
Profit Margin	-3.32%	4.36%	3.15%	1.24%	2.52%	0.29%
FCF Margin	9.50%	7.47%	7.98%	1.23%	-2.00%	-2.08%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.520	0.520	0.520	0.520	0.520	0.520
Dividend Per Share Growth	0%	0%	0%	0%	0%	0%
Dividend Yield	0.42%	0.45%	0.60%	1.04%	1.52%	1.41%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	-	26.09	30.35	51.25	18.41	175.66
Forward PE	16.56	19.29	16.60	12.12	13.81	17.41
P/FCF Ratio	11.36	15.23	11.98	51.58	-	-
PS Ratio	1.08	1.14	0.96	0.64	0.47	0.51

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Jul 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Aug 27, 2026

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