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GVAGranite Construction Incorporated
$144.07$6.3B
Overview & Verdict
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GVA logoGranite Construction Incorporated(GVA)Earnings, Financials & Key Ratios

GVA•NYSE
$144.07
39.7× P/E·Price updated Jul 7, 2026
SectorIndustrialsIndustryEngineering & ConstructionSub-IndustryCivil infrastructure construction
AboutGranite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. It operates through two segments, Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies. The company also constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. In addition, it offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.Show more
  • Revenue$4.42B+10.4%
  • EBITDA$425M+27.3%
  • Net Income$193M+52.8%
  • EPS (Diluted)3.63+38.5%
  • Gross Margin16.07%+12.5%
  • EBITDA Margin9.6%+15.3%
  • Operating Margin5.93%+14.5%
  • Net Margin4.36%+38.4%
  • ROE16.78%+39.8%

GVA Price & Volume

Granite Construction Incorporated (GVA) stock price & volume — 10-year historical chart

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Cyclical Revenue Volatility Masks Strategic Acquisition Risks

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Mixed
Cash Flow:Mixed
Primary Risk:Seasonal margin volatility

Key Thesis Takeaways

  • Granite Construction's aggressive inorganic growth strategy, highlighted by a $703 million acquisition in 2025Q3, has significantly expanded the asset base but introduced substantial financial leverage with debt rising to $1.4 billion by 2026Q1.
  • While the company benefits from heavy civil infrastructure demand, the persistent seasonal margin volatility—evidenced by operating margins swinging from 10.0% in 2025Q3 to -3.4% in 2026Q1—complicates earnings predictability.
  • Investors should monitor whether the company can achieve sustainable operating leverage to justify its current 44.18 P/E multiple amidst tightening liquidity buffers.

Verdict Logic

while the company is scaling through acquisitions, the current 1.09 current ratio and negative operating margins of -3.4% in 2026Q1 suggest that operational risks currently outweigh the potential for near-term margin expansion.

GVA Growth Metrics

Granite Construction Incorporated (GVA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.44%
5 Years4.43%
3 Years10.25%
TTM14.93%

Profit CAGR

10 Years12.3%
5 Years-
3 Years32.32%
TTM49.56%

EPS CAGR

10 Years9.1%
5 Years-
3 Years28.77%
TTM49.56%

Return on Capital

10 Years3.93%
5 Years7.09%
3 Years9.2%
Last Year11.55%

GVA Recent Earnings

Granite Construction Incorporated (GVA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$0.96-25.2%
$0.77
Rev
$912M+16.6%
$782M
Q1 2026
Feb 12, 2026
Metric
Actual
Est
EPS
$1.40+4.5%
$1.34
Rev
$1.2B+1.5%
$1.1B
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$2.70+5.5%
$2.56
Rev
$1.4B+24.9%
$1.1B
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$1.93+9.0%
$1.77
Rev
$1.1B-19.7%
$1.4B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$0.96vs $0.77-25.2%
$912Mvs $782M+16.6%
Q1 2026Feb 12, 2026
$1.40vs $1.34+4.5%
$1.2Bvs $1.1B+1.5%
Q4 2025Nov 6, 2025
$2.70vs $2.56+5.5%
$1.4Bvs $1.1B+24.9%
Q3 2025Aug 7, 2025
$1.93vs $1.77+9.0%
$1.1Bvs $1.4B-19.7%
Based on last 12 quarters of dataView full earnings history →

Latest GVA News

Recent stock market news and headlines for Granite Construction Incorporated (GVA)

Business Wire·6 days ago
Granite JV Wins Preconstruction CMAR Contract for Reno Bridge Project

WATSONVILLE, Calif.--(BUSINESS WIRE)-- #BuildingBetterTogether--Granite (NYSE:GVA) announced today that Keystone Bridge Partners, a Granite-led joint venture with Condon-Johnson & Associates, Inc., has been selected by the Regional Transportation Commission (RTC) of Washoe County to provide preconstruction services for the Keystone Avenue Bridge Replacement Project in Reno, Nevada. The project will be delivered using the Construction Manager at Risk (CMAR) method. Built in 1966, the Keystone Avenue Bridge spans the T.

Business Wire·Jun 24, 2026
Granite Awarded West Davis Corridor Expansion Project in Utah

WATSONVILLE, Calif.--(BUSINESS WIRE)-- #BuildingBetterTogether--Granite (NYSE:GVA) announced today that it has been awarded the West Davis Corridor (SR-177) expansion project by the Utah Department of Transportation (UDOT). The contract, valued at approximately $116.9 million, will be included in Granite's second quarter 2026 CAP. Located in West Point, Utah, the project will: Extend the recently completed West Davis Corridor by approximately three miles Enhance mobility and connectivity for the northern Davis County ar.

Investors Business Daily·Jun 18, 2026
These Four Stocks Hit New Highs, And They're Not Tech Names

Two financial stocks and two industrial names recently reached new highs. Three of them are in buy zones of bases.

Peers Comparison

Key metrics vs top competitors for Granite Construction Incorporated (GVA)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
GVA logoGVAGranite Construction IncorporatedCurrent
$144.07$6.3B39.6910.4%4.36%16.78%0.3%
VMC logoVMCVulcan Materials Company
$299.90$38.91B36.936.94%13.88%13.07%—
MLM logoMLMMartin Marietta Materials, Inc.
$594.17$35.84B31.600.12%38.67%25.07%—
CRH logoCRHCRH plc
$106.21$70.97B19.289.01%9.04%22.18%—
ROAD logoROADConstruction Partners, Inc.
$103.71$5.86B56.3654.2%3.9%13.68%—
PRIM logoPRIMPrimoris Services Corporation
$86.97$4.72B17.3218.97%3.31%15.21%—

Compare GVA vs Peers

Granite Construction Incorporated (GVA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VMC

Most directly comparable listed peer for GVA.

Scale Benchmark

vs CAT

Larger-name benchmark to compare GVA against a more recognizable public peer.

Peer Set

Compare Top 5

vs VMC, MLM, CRH, ROAD

GVA SEC Filings & Documents

Granite Construction Incorporated (GVA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Feb 18, 2026·SEC

Material company update

Feb 12, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 13, 2026·SEC

FY 2025

Feb 14, 2025·SEC

FY 2024

Feb 23, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 30, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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GVA Frequently Asked Questions

Granite Construction Incorporated (GVA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Granite Construction Incorporated's revenue?

Granite Construction Incorporated (GVA) reported $4.64B in revenue for fiscal year 2025. This represents a 399% increase from $928.8M in 1996.

How fast is Granite Construction Incorporated growing?

Granite Construction Incorporated (GVA) grew revenue by 10.4% over the past year. This is steady growth.

Is GVA profitable?

Yes, Granite Construction Incorporated (GVA) is profitable, generating $185.0M in net income for fiscal year 2025 (4.4% net margin).

Dividend & Returns
Does GVA pay dividends?

Yes, Granite Construction Incorporated (GVA) pays a dividend with a yield of 0.30%. This makes it attractive for income-focused investors.

What is GVA's return on equity?

Granite Construction Incorporated (GVA) has a return on equity (ROE) of 16.8%. This is reasonable for most industries.

What is Granite Construction Incorporated's free cash flow?

Granite Construction Incorporated (GVA) generated $359.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in GVA back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →