Granite Construction Incorporated (GVA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 912.47M | 1.17B | 1.43B | 1.13B | 699.55M | 977.3M | 1.28B | 1.08B | 672.27M | 933.7M | 1.12B | 898.55M | 560.07M | 787.06M | 1.01B | 849.25M | 653.89M | 313.84M | 1.06B | 834.67M |
| Revenue Growth % | 30.44% | 19.24% | 12.39% | 4.02% | 4.06% | 4.67% | 14.21% | 20.47% | 20.03% | 18.63% | 10.7% | 5.81% | -14.35% | 150.79% | -5.01% | 1.75% | 15.46% | -66.81% | -0.29% | -8.86% |
| Cost of Goods Sold | 802.56M | 997.65M | 1.17B | 926.87M | 615.7M | 826.55M | 1.07B | 917.77M | 617.99M | 839.39M | 950.18M | 795.47M | 527.71M | 695.59M | 893.86M | 751.68M | 593.79M | 308.48M | 942.19M | 736.44M |
| COGS % of Revenue | 87.96% | 85.61% | 81.82% | 82.32% | 88.01% | 84.57% | 84.09% | 84.78% | 91.93% | 89.9% | 85.08% | 88.53% | 94.22% | 88.38% | 88.6% | 88.51% | 90.81% | 98.29% | 88.71% | 88.23% |
| Gross Profit | 109.91M | 167.72M | 260.55M | 199.1M | 83.85M | 150.75M | 202.95M | 164.71M | 54.28M | 94.31M | 166.64M | 103.09M | 32.36M | 91.47M | 115.06M | 97.57M | 60.09M | 5.36M | 119.94M | 98.23M |
| Gross Margin % | 12.04% | 14.39% | 18.18% | 17.68% | 11.99% | 15.43% | 15.91% | 15.22% | 8.07% | 10.1% | 14.92% | 11.47% | 5.78% | 11.62% | 11.4% | 11.49% | 9.19% | 1.71% | 11.29% | 11.77% |
| Gross Profit Growth % | 31.07% | 11.26% | 28.38% | 20.88% | 54.46% | 59.85% | 21.79% | 59.78% | 67.76% | 3.11% | 44.84% | 5.66% | -46.15% | 1607.47% | -4.07% | -0.68% | 11.88% | -94.98% | -4.81% | 11.19% |
| Operating Expenses | 140.95M | 106.84M | 116.9M | 95.53M | 123.6M | 90.21M | 98.65M | 78.89M | 97.58M | 73.68M | 92.83M | 74.23M | 75.61M | 83.09M | 60.36M | 67.82M | 75.8M | 30.86M | 76.2M | 63.44M |
| OpEx % of Revenue | 15.45% | 9.17% | 8.15% | 8.48% | 17.67% | 9.23% | 7.73% | 7.29% | 14.52% | 7.89% | 8.31% | 8.26% | 13.5% | 10.56% | 5.98% | 7.99% | 11.59% | 9.83% | 7.17% | 7.6% |
| Selling, General & Admin | 140.95M | 104.12M | 101.64M | 85.89M | 115.91M | 84.47M | 91.65M | 70.05M | 87.99M | 81.99M | 74.79M | 64.56M | 73.12M | 80.57M | 61.8M | 60.12M | 70.12M | 15.68M | 77.6M | 58.63M |
| SG&A % of Revenue | 15.45% | 8.93% | 7.09% | 7.63% | 16.57% | 8.64% | 7.19% | 6.47% | 13.09% | 8.78% | 6.7% | 7.19% | 13.06% | 10.24% | 6.12% | 7.08% | 10.72% | 5% | 7.31% | 7.02% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K |
| Operating Income | -31.05M | 60.88M | 143.65M | 103.56M | -39.75M | 60.54M | 104.3M | 85.82M | -43.3M | 20.63M | 73.82M | 28.86M | -43.25M | 8.38M | 54.7M | 29.75M | -15.71M | -25.5M | 43.73M | 34.79M |
| Operating Margin % | -3.4% | 5.22% | 10.02% | 9.2% | -5.68% | 6.19% | 8.18% | 7.93% | -6.44% | 2.21% | 6.61% | 3.21% | -7.72% | 1.06% | 5.42% | 3.5% | -2.4% | -8.13% | 4.12% | 4.17% |
| Operating Income Growth % | 21.9% | 0.56% | 37.73% | 20.68% | 8.2% | 193.43% | 41.29% | 197.37% | -0.12% | 146.36% | 34.95% | -2.99% | -175.31% | 132.84% | 25.08% | -14.49% | 80.24% | -419.69% | 150.97% | 1718.8% |
| EBITDA | 11.52M | 110.63M | 191.9M | 138.76M | -9.58M | 94.59M | 138.11M | 115.22M | -14.23M | 47.78M | 97.59M | 50.66M | -23.52M | 29.23M | 84.08M | 45.34M | 1.03M | 2.54M | 71.89M | 63.06M |
| EBITDA Margin % | 1.26% | 9.49% | 13.39% | 12.32% | -1.37% | 9.68% | 10.83% | 10.64% | -2.12% | 5.12% | 8.74% | 5.64% | -4.2% | 3.71% | 8.33% | 5.34% | 0.16% | 0.81% | 6.77% | 7.56% |
| EBITDA Growth % | 220.27% | 16.95% | 38.94% | 20.43% | 32.69% | 97.99% | 41.53% | 127.46% | 39.48% | 63.45% | 16.06% | 11.72% | -2387.55% | 1050.79% | 16.97% | -28.1% | 101.87% | -92.99% | 223.18% | 136.42% |
| D&A (Non-Cash Add-back) | 42.57M | 49.75M | 48.25M | 35.2M | 30.17M | 34.05M | 33.81M | 29.4M | 29.07M | 27.14M | 23.77M | 21.8M | 19.73M | 20.86M | 29.39M | 15.59M | 16.74M | 28.04M | 28.16M | 28.27M |
| EBIT | -31.05M | 60.88M | 160.89M | 115.49M | -32.33M | 74.03M | 117.35M | 64.89M | -30.89M | 36.56M | 84.8M | -10.69M | -32.35M | 19.18M | 60.01M | 32.15M | -15.16M | -30.15M | 46.46M | 39.36M |
| Net Interest Income | -10.48M | -9.31M | -7.38M | -2.17M | -1.49M | -1.33M | -392K | -1.74M | -1.38M | -312K | -584K | -899K | 871K | 661K | -625K | -3.12M | -3.02M | -3.82M | -4.84M | -5.34M |
| Interest Income | 5.85M | 8.86M | 5.99M | 5.76M | 6.27M | 6.53M | 7.51M | 3.6M | 6.7M | 6.25M | 4.29M | 3.23M | 3.76M | 3.28M | 1.89M | 782K | 570K | 441K | 293K | 162K |
| Interest Expense | 16.33M | 18.17M | 13.37M | 7.93M | 7.76M | 7.86M | 7.91M | 5.34M | 8.08M | 6.56M | 4.88M | 4.13M | 2.89M | 2.62M | 2.52M | 3.9M | 3.58M | 4.26M | 5.13M | 5.5M |
| Other Income/Expense | -17.46M | 12.94M | 3.87M | 3.99M | -332K | 10.04M | 5.15M | -26.27M | 4.33M | 9.37M | 6.1M | -43.68M | 8.01M | 8.18M | 2.79M | -1.5M | -3.03M | -8.91M | -2.4M | -933K |
| Pretax Income | -48.51M | 73.83M | 147.53M | 107.56M | -40.08M | 66.16M | 109.45M | 59.55M | -38.97M | 30M | 79.92M | -14.82M | -35.24M | 16.56M | 57.49M | 28.25M | -18.74M | -34.41M | 41.33M | 33.85M |
| Pretax Margin % | -5.32% | 6.33% | 10.29% | 9.55% | -5.73% | 6.77% | 8.58% | 5.5% | -5.8% | 3.21% | 7.16% | -1.65% | -6.29% | 2.1% | 5.7% | 3.33% | -2.87% | -10.96% | 3.89% | 4.06% |
| Income Tax | -12.12M | 14.89M | 38.13M | 27.21M | -11.76M | 19.11M | 25.47M | 20.69M | -9.53M | 8.29M | 22.42M | 9.02M | -9.47M | 13.74M | -7.71M | 8.67M | 6.35M | -3.31M | 8.9M | 7.71M |
| Effective Tax Rate % | 24.98% | 20.17% | 25.85% | 25.3% | 29.33% | 28.89% | 23.27% | 34.75% | 24.45% | 27.63% | 28.06% | -60.88% | 26.87% | 82.96% | -13.41% | 30.69% | -33.89% | 9.6% | 21.55% | 22.77% |
| Net Income | -41.7M | 52.03M | 102.93M | 71.7M | -33.66M | 41.48M | 78.95M | 36.9M | -30.98M | 26M | 57.62M | -17M | -23.02M | 5.7M | 69.3M | 18.68M | -26.73M | -13.21M | 35.04M | 54.46M |
| Net Margin % | -4.57% | 4.46% | 7.18% | 6.37% | -4.81% | 4.24% | 6.19% | 3.41% | -4.61% | 2.78% | 5.16% | -1.89% | -4.11% | 0.72% | 6.87% | 2.2% | -4.09% | -4.21% | 3.3% | 6.52% |
| Net Income Growth % | -23.9% | 25.42% | 30.37% | 94.34% | -8.63% | 59.56% | 37.01% | 317.03% | -34.57% | 356.35% | -16.85% | -191% | 13.88% | 143.12% | 97.76% | -65.7% | 59.61% | -264.96% | 138.44% | 1499.44% |
| Net Income (Continuing) | -36.39M | 58.94M | 109.4M | 80.34M | -28.33M | 47.05M | 83.98M | 38.86M | -29.44M | 21.71M | 57.5M | -23.85M | -25.77M | 2.82M | 65.2M | 19.58M | -25.09M | -31.11M | 32.42M | 26.14M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 0 | 0 | 1000K |
| Minority Interest | 48.92M | 42.48M | 49.2M | 51.61M | 44.76M | 64.14M | 62.59M | 55.76M | 58.15M | 49.67M | 51.23M | 39.91M | 46.95M | 32.13M | 35.62M | 33.32M | 37.32M | 27.88M | 37.17M | 32.86M |
| EPS (Diluted) | -0.96 | 0.97 | 1.98 | 1.42 | -0.77 | 0.78 | 1.57 | 0.70 | -0.70 | 0.49 | 1.13 | -0.39 | -0.53 | 0.43 | 1.36 | 0.39 | -0.58 | -0.28 | 0.73 | 1.14 |
| EPS Growth % | -24.68% | 24.36% | 26.11% | 102.86% | -10% | 59.18% | 38.94% | 279.49% | -32.08% | 13.95% | -16.91% | -200% | 8.62% | 253.57% | 86.3% | -65.79% | 60% | -264.71% | 136.5% | 1528.57% |
| EPS (Basic) | -0.96 | 1.19 | 2.36 | 1.64 | -0.77 | 0.95 | 1.81 | 0.84 | -0.70 | 0.59 | 1.31 | -0.39 | -0.53 | 0.50 | 1.58 | 0.42 | -0.58 | -0.29 | 0.76 | 1.19 |
| Diluted Shares Outstanding | 43.53M | 53.53M | 52.97M | 52.62M | 43.46M | 52.95M | 52.37M | 52.73M | 43.99M | 53.6M | 53.61M | 43.89M | 43.76M | 51.48M | 51.86M | 44.53M | 45.73M | 47.84M | 47.91M | 47.8M |
| Basic Shares Outstanding | 43.53M | 43.6M | 43.66M | 43.6M | 43.46M | 43.64M | 43.7M | 44.06M | 43.99M | 43.93M | 43.92M | 43.89M | 43.44M | 43.73M | 43.97M | 44.53M | 45.73M | 45.83M | 45.82M | 45.8M |
| Dividend Payout Ratio | - | 10.93% | 5.53% | 7.93% | - | 13.7% | 7.19% | 15.55% | - | 21.96% | 9.91% | - | - | 99.77% | 8.27% | 31.57% | - | - | 17% | 10.93% |