Financials · GVA

Granite Construction Incorporated (GVA) financials

For the twelve months ended Sep 30, 2026, Granite Construction Incorporated reported $5.30B of revenue and -$264.62M of net income.

Revenue, TTM
$5.30B
Revenue growth, YoY
+25.1%
Net income, TTM
-$264.62M
Net margin
-5.0%
Free cash flow, TTM
$443.15M
Cash
$480.29M
Total debt
$1.56B
P/S
1.04
Market cap
$5.51B
Annual revenue$4.42B
FY2016FY2025
Annual net income$193.00M
FY2016FY2025
Annual free cash flow$330.65M
FY2016FY2025

GVA revenue and earnings growth

GVA revenueQ3 2026$1.77B

Quarter YoY
+23.2%
QoQ
+21.3%
FY YoY
+10.4%
5Y CAGR
+4.4%
10Y CAGR
+6.4%

GVA revenue was $1.77B in fiscal Q3 2026 (ended Sep 30, 2026), up 23.2% from a year earlier and up 21.3% from the prior quarter. For the full fiscal 2025 it was $4.42B, up 10.4% from fiscal 2024. Compound annual growth was +4.4% over 5 years and +6.4% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

GVA net incomeQ3 2026$3.21M

Quarter YoY
-96.9%
FY YoY
+52.8%
10Y CAGR
+12.3%

GVA net income was $3.21M in fiscal Q3 2026 (ended Sep 30, 2026), down 96.9% from a year earlier. For the full fiscal 2025 it was $193.00M, up 52.8% from fiscal 2024. Compound annual growth was +12.3% over 10 years. It rose in 3 of the last 4 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

GVA EPSQ3 2026$0.07

Quarter YoY
-96.5%
FY YoY
+47.3%

GVA diluted EPS was $0.07 in fiscal Q3 2026 (ended Sep 30, 2026), down 96.5% from a year earlier. For the full fiscal 2025 it was $3.86, up 47.3% from fiscal 2024.

GVA free cash flowQ3 2026$228.72M

Quarter YoY
-11.2%
QoQ
+60.3%
FY YoY
+3.3%
5Y CAGR
+13.5%
10Y CAGR
+30.7%

GVA free cash flow was $228.72M in fiscal Q3 2026 (ended Sep 30, 2026), down 11.2% from a year earlier and up 60.3% from the prior quarter. For the full fiscal 2025 it was $330.65M, up 3.3% from fiscal 2024. Compound annual growth was +13.5% over 5 years and +30.7% over 10 years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$4.42B$4.01B$3.51B$3.30B$3.50B$3.56B$2.91B$3.29B$2.96B$2.51B
Cost of revenue$3.71B$3.43B$3.11B$2.93B$3.14B$3.22B$2.73B$2.95B$2.68B$2.21B
Gross profit$711.22M$572.70M$396.40M$369.49M$362.64M$344.79M$189.78M$334.84M$278.74M$301.37M
Selling, general and admin$407.56M$334.16M$294.47M$272.61M$303.01M$316.28M$238.15M$272.78M$220.40M$217.37M
Operating income$282.45M$207.36M$80.06M$85.38M$24.72M-$158.34M-$41.72M$8.22M$62.52M$92.35M
Interest expense$47.22M$29.19M$18.46M$12.62M$20.74M$24.20M$18.05M$14.57M$10.80M$12.37M
Pre-tax income$288.83M$196.19M$59.85M$91.82M$22.13M-$166.46M-$40.22M$8.33M$68.27M$96.36M
Income tax$68.48M$55.75M$30.27M$12.96M$19.71M-$282.0K-$12.29M-$3.21M$25.81M$30.16M
Net income$193.00M$126.35M$43.60M$83.30M$10.10M-$145.12M-$60.19M$582.0K$34.12M$57.12M
EPS, basic$4.42$2.88$0.99$1.87$0.22-$3.18-$1.29$0.01$0.86$1.44
EPS, diluted$3.86$2.62$0.97$1.70$0.21-$3.18-$1.29$0.01$0.84$1.42
Diluted shares53.1M52.5M52.6M52.3M47.6M45.6M46.6M44.0M40,37240.2M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$529.22M$578.33M$417.66M$293.99M$395.65M$425.29M$252.34M$272.80M$233.71M$189.33M
Short-term investments$71.02M$7.31M$35.86M$39.37M$0---$67.78M$64.88M
Receivables$630.39M$511.74M$598.71M$463.99M$464.59M$437.56M$547.42M$484.75M$479.79M-
Inventory$143.13M$108.17M$103.90M$86.81M$61.97M$62.47M$88.89M$88.62M$62.50M$55.24M
Current assets$1.81B$1.72B$1.64B$1.35B$1.83B$1.46B$1.38B$1.34B$1.23B$1.09B
Goodwill$400.81M$214.47M$155.00M$73.70M$53.72M$53.72M$264.28M$259.47M$53.80M$53.80M
Total assets$4.03B$3.03B$2.81B$2.17B$2.49B$2.38B$2.50B$2.43B$1.87B$1.73B
Current liabilities$1.48B$1.03B$1.03B$797.59M$1.07B$943.26M$842.06M$737.44M$655.27M$529.93M
Short-term debt$375.90M$1.11M$39.93M$1.45M$8.73M$8.28M$8.24M$47.29M$46.05M$14.80M
Long-term debt$963.23M$737.94M$614.78M$286.93M$331.19M$330.52M$356.11M$335.12M$178.45M$229.50M
Total debt$1.34B$739.05M$654.71M$288.38M$339.92M$338.80M$364.35M$382.40M$224.50M$244.29M
Total liabilities$2.81B$1.95B$1.79B$1.18B$1.50B$1.39B$1.32B$1.14B$950.83M$849.14M
Shareholders' equity$1.18B$1.08B$1.03B$985.14M$995.56M$991.61M$1.18B$1.29B$921.15M$884.32M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$468.92M$456.34M$183.71M$55.65M$21.93M$268.46M$111.44M$86.39M$146.19M$73.15M
Capital expenditures$138.27M$136.41M$140.38M$121.61M$94.81M$93.25M$106.83M$111.10M$67.69M$90.97M
Free cash flow$330.65M$319.94M$43.32M-$65.97M-$72.88M$175.21M$4.61M-$24.71M$78.50M-$17.82M
Investing cash flow-$993.72M-$228.56M-$359.29M-$11.00M-$21.48M-$41.26M-$40.32M-$39.60M-$59.19M-$96.39M
Financing cash flow$475.69M-$67.12M$299.25M-$164.31M-$24.45M-$57.66M-$81.64M-$1.87M-$42.62M-$40.27M
Dividends paid$22.72M$22.81M$22.81M$23.27M$23.80M$23.71M$24.32M$22.42M$20.69M$20.56M
Share repurchases$48.21M$50.63M$4.12M$70.90M$2.73M$885.0K$36.90M$16.56M$6.98M$5.23M
Stock-based compensation$39.15M$19.59M$10.48M$7.76M$6.41M$6.38M$10.21M$14.78M$15.76M$13.38M
Depreciation and amortization$162.43M$126.33M$92.27M$82.57M$109.05M$112.96M$121.99M$111.54M$66.34M$64.38M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY10.4%14.2%6.3%-5.7%-1.7%22.2%-11.3%11.1%17.6%6.1%
Net income growth, YoY52.8%189.8%-47.7%725.1%----98.3%-40.3%-5.6%
EPS growth, YoY47.3%170.1%-42.9%709.5%------6.6%
Gross margin16.1%14.3%11.3%11.2%10.4%9.7%6.5%10.2%9.4%12.0%
Operating margin6.4%5.2%2.3%2.6%0.7%-4.4%-1.4%0.2%2.1%3.7%
Net margin4.4%3.2%1.2%2.5%0.3%-4.1%-2.1%0.0%1.2%2.3%
Free cash flow margin7.5%8.0%1.2%-2.0%-2.1%4.9%0.2%-0.8%2.7%-0.7%
Return on equity16.4%11.7%4.2%8.5%1.0%-14.6%-5.1%0.0%3.7%6.5%
Return on assets4.8%4.2%1.5%3.8%0.4%-6.1%-2.4%0.0%1.8%3.3%
Current ratio1.221.661.601.691.711.541.641.821.882.05
Debt to equity1.140.680.640.290.340.340.310.300.240.28

Source: XBRL data Granite Construction Incorporated files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

GVA peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
GVA$5.30B+25.1%-$264.62M-5.0%$5.51B
LMT$79.12B+7.9%$6.51B8.2%$135.87B
TDG$10.01B+16.6%$2.13B21.3%$67.37B
FER€9.63B+5.2%€888.00M9.2%$44.17B
RKLB$881.90M+59.0%-$226.88M-25.7%$36.95B
ESLT$7.94B+16.3%$534.34M6.7%$33.58B
J$14.22B+20.1%$338.43M2.4%$18.30B
TTEK$5.07B-7.6%$435.98M8.6%$10.52B

GVA FAQ

8 questions
  • What is GVA revenue?
    Granite Construction Incorporated (GVA) reported $5.30B of revenue for the twelve months ended Sep 30, 2026. That is up 25.1% from the year before. Revenue for fiscal 2025 was $4.42B.
  • Is GVA profitable?
    No. Granite Construction Incorporated reported a net loss of $264.62M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does GVA have?
    Granite Construction Incorporated reported $480.29M in cash and cash equivalents and $1.56B of debt on its most recent balance sheet in SEC filings.
  • How fast is GVA revenue growing?
    Granite Construction Incorporated's revenue changed +10.4% in fiscal 2025, to $4.42B. Its compound annual growth rate was +4.4% over 5 years and +6.4% over 10 years.
  • What is GVA gross margin?
    Granite Construction Incorporated's gross profit was $852.16M on $5.30B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 16.1%.
  • What is GVA free cash flow?
    Granite Construction Incorporated generated $443.15M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $583.57M less capital expenditures.
  • When did GVA last report financial results?
    The latest statements here come from Granite Construction Incorporated's 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
  • Where does this GVA financial data come from?
    Quantisnow builds these statements from the structured XBRL data Granite Construction Incorporated files with the SEC. It is provided for information only and is not investment advice.