Granite Construction, Inc. (GVA)

NYSE Industrials Construction & Engineering S&P SmallCap 600

$120.52

-0.48 (-0.40%)

Close of Nov 06, 2026 · end-of-day data

Source: Granite Construction, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.51B	$2.96B	$3.29B	$2.91B	$3.56B	$3.50B	$3.30B	$3.51B	$4.01B	$4.42B
Cost of revenue	$2.21B	$2.68B	$2.95B	$2.73B	$3.22B	$3.14B	$2.93B	$3.11B	$3.43B	$3.71B
Gross profit	$301.37M	$278.74M	$334.84M	$189.78M	$344.79M	$362.64M	$369.49M	$396.40M	$572.70M	$711.22M
Selling, general & admin	$217.37M	$220.40M	$272.78M	$238.15M	$316.28M	$303.01M	$272.61M	$294.47M	$334.16M	$407.56M
Operating income	$92.35M	$62.52M	$8.22M	-$41.72M	-$158.34M	$24.72M	$85.38M	$80.06M	$207.36M	$282.45M
Interest expense	$12.37M	$10.80M	$14.57M	$18.05M	$24.20M	$20.74M	$12.62M	$18.46M	$29.19M	$47.22M
Pre-tax income	$96.36M	$68.27M	$8.33M	-$40.22M	-$166.46M	$22.13M	$91.82M	$59.85M	$196.19M	$288.83M
Income tax	$30.16M	$25.81M	-$3.21M	-$12.29M	-$282.00K	$19.71M	$12.96M	$30.27M	$55.75M	$68.48M
Net income	$57.12M	$34.12M	$582.00K	-$60.19M	-$145.12M	$10.10M	$83.30M	$43.60M	$126.35M	$193.00M
EBITDA	$156.73M	$128.87M	$119.76M	$80.27M	-$45.39M	$133.77M	$167.95M	$172.33M	$333.69M	$444.88M
EPS (basic)	$1.44	$0.86	$0.01	$-1.29	$-3.18	$0.22	$1.87	$0.99	$2.88	$4.42
EPS (diluted)	$1.42	$0.84	$0.01	$-1.29	$-3.18	$0.21	$1.70	$0.97	$2.62	$3.86
Diluted shares	40.23M	40.37K	44.02M	46.56M	45.61M	47.60M	52.33M	52.56M	52.51M	53.13M
Gross margin	12.0%	9.4%	10.2%	6.5%	9.7%	10.4%	11.2%	11.3%	14.3%	16.1%
Operating margin	3.7%	2.1%	0.2%	-1.4%	-4.4%	0.7%	2.6%	2.3%	5.2%	6.4%
Net margin	2.3%	1.2%	0.0%	-2.1%	-4.1%	0.3%	2.5%	1.2%	3.2%	4.4%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$189.33M	$233.71M	$272.80M	$252.34M	$425.29M	$395.65M	$293.99M	$417.66M	$578.33M	$529.22M
Short-term investments	$64.88M	$67.78M	—	—	—	$0	$39.37M	$35.86M	$7.31M	$71.02M
Receivables	—	$479.79M	$484.75M	$547.42M	$437.56M	$464.59M	$463.99M	$598.71M	$511.74M	$630.39M
Inventory	$55.24M	$62.50M	$88.62M	$88.89M	$62.47M	$61.97M	$86.81M	$103.90M	$108.17M	$143.13M
Total current assets	$1.09B	$1.23B	$1.34B	$1.38B	$1.46B	$1.83B	$1.35B	$1.64B	$1.72B	$1.81B
Goodwill	$53.80M	$53.80M	$259.47M	$264.28M	$53.72M	$53.72M	$73.70M	$155.00M	$214.47M	$400.81M
Total assets	$1.73B	$1.87B	$2.43B	$2.50B	$2.38B	$2.49B	$2.17B	$2.81B	$3.03B	$4.03B
Total current liabilities	$529.93M	$655.27M	$737.44M	$842.06M	$943.26M	$1.07B	$797.59M	$1.03B	$1.03B	$1.48B
Short-term debt	$14.80M	$46.05M	$47.29M	$8.24M	$8.28M	$8.73M	$1.45M	$39.93M	$1.11M	$375.90M
Long-term debt	$229.50M	$178.45M	$335.12M	$356.11M	$330.52M	$331.19M	$286.93M	$614.78M	$737.94M	$963.23M
Total debt	$244.29M	$224.50M	$382.40M	$364.35M	$338.80M	$339.92M	$288.38M	$654.71M	$739.05M	$1.34B
Total liabilities	$847.47M	$926.87M	$1.18B	$1.36B	$1.40B	$1.53B	$1.21B	$1.84B	$2.01B	$2.85B
Shareholders' equity	$885.99M	$945.11M	$1.24B	$1.14B	$975.66M	$967.68M	$953.02M	$977.30M	$1.02B	$1.18B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$73.15M	$146.19M	$86.39M	$111.44M	$268.46M	$21.93M	$55.65M	$183.71M	$456.34M	$468.92M
Capital expenditures	$90.97M	$67.69M	$111.10M	$106.83M	$93.25M	$94.81M	$121.61M	$140.38M	$136.41M	$138.27M
Free cash flow	-$17.82M	$78.50M	-$24.71M	$4.61M	$175.21M	-$72.88M	-$65.97M	$43.32M	$319.94M	$330.65M
Investing cash flow	-$96.39M	-$59.19M	-$39.60M	-$40.32M	-$41.26M	-$21.48M	-$11.00M	-$359.29M	-$228.56M	-$993.72M
Financing cash flow	-$40.27M	-$42.62M	-$1.87M	-$81.64M	-$57.66M	-$24.45M	-$164.31M	$299.25M	-$67.12M	$475.69M
Dividends paid	$20.56M	$20.69M	$22.42M	$24.32M	$23.71M	$23.80M	$23.27M	$22.81M	$22.81M	$22.72M
Share buybacks	$5.23M	$6.98M	$16.56M	$36.90M	$885.00K	$2.73M	$70.90M	$4.12M	$50.63M	$48.21M
Stock-based compensation	$13.38M	$15.76M	$14.78M	$10.21M	$6.38M	$6.41M	$7.76M	$10.48M	$19.59M	$39.15M
Depreciation & amortization	$64.38M	$66.34M	$111.54M	$121.99M	$112.96M	$109.05M	$82.57M	$92.27M	$126.33M	$162.43M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$933.70M	$672.27M	$1.08B	$1.28B	$977.30M	$699.55M	$1.13B	$1.43B	$1.17B	$912.47M	$1.46B	$1.77B
Cost of revenue	$839.39M	$617.99M	$917.77M	$1.07B	$826.55M	$615.70M	$926.87M	$1.17B	$997.65M	$802.56M	$1.22B	$1.43B
Gross profit	$94.31M	$54.28M	$164.71M	$202.95M	$150.75M	$83.85M	$199.10M	$260.55M	$167.72M	$109.91M	$238.77M	$335.76M
Selling, general & admin	$81.99M	$87.99M	$70.05M	$91.65M	$84.47M	$115.91M	$85.89M	$101.64M	$104.12M	$140.95M	$107.79M	$104.12M
Operating income	$20.63M	-$43.30M	$85.82M	$104.30M	$60.54M	-$39.75M	$103.56M	$143.65M	$74.98M	-$31.13M	$126.81M	$224.34M
Interest expense	$6.56M	$8.08M	$5.34M	$7.91M	$7.86M	$7.76M	$7.93M	$13.37M	$18.17M	$16.33M	$21.76M	$291.33M
Pre-tax income	$30.00M	-$38.97M	$59.55M	$109.45M	$66.16M	-$40.08M	$107.56M	$147.53M	$73.83M	-$48.51M	-$239.34M	$67.16M
Income tax	$8.29M	-$9.53M	$20.69M	$25.47M	$19.11M	-$11.76M	$27.21M	$38.13M	$14.89M	-$12.12M	$32.25M	$56.77M
Net income	$26.00M	-$30.98M	$36.90M	$78.95M	$41.48M	-$33.66M	$71.70M	$102.93M	$52.03M	-$41.70M	-$278.16M	$3.21M
EBITDA	$47.60M	-$14.23M	$115.22M	$138.11M	$94.59M	-$9.58M	$138.76M	$191.90M	$123.80M	$10.88M	$173.84M	$275.06M
EPS (basic)	$0.59	$-0.70	$0.84	$1.81	$0.95	$-0.77	$1.64	$2.35	$1.19	$-0.96	$-6.36	$0.07
EPS (diluted)	$0.57	$-0.70	$0.76	$1.57	$0.83	$-0.77	$1.42	$1.98	$1.03	$-0.96	$-6.36	$0.07
Diluted shares	8.12M	43.99M	52.73M	52.37M	-71.00K	43.46M	52.76M	53.56M	164.00K	43.53M	43.75M	46.26M
Gross margin	10.1%	8.1%	15.2%	15.9%	15.4%	12.0%	17.7%	18.2%	14.4%	12.0%	16.4%	19.0%
Operating margin	2.2%	-6.4%	7.9%	8.2%	6.2%	-5.7%	9.2%	10.0%	6.4%	-3.4%	8.7%	12.7%
Net margin	2.8%	-4.6%	3.4%	6.2%	4.2%	-4.8%	6.4%	7.2%	4.5%	-4.6%	-19.1%	0.2%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$417.66M	$321.75M	$366.75M	$462.29M	$578.33M	$379.07M	$322.02M	$441.80M	$529.22M	$265.71M	$877.12M	$480.29M
Short-term investments	$35.86M	$15.50M	$10.50M	$10.15M	$7.31M	$43.71M	$63.28M	$105.44M	$71.02M	$49.19M	$36.85M	$32.08M
Receivables	$598.71M	$429.83M	$709.25M	$733.02M	$511.74M	$471.34M	$704.99M	$836.15M	$630.39M	$636.51M	$886.79M	$953.45M
Inventory	$103.90M	$116.96M	$119.06M	$107.97M	$108.17M	$128.43M	$126.48M	$145.24M	$143.13M	$168.79M	$182.12M	$181.20M
Total current assets	$1.64B	$1.42B	$1.71B	$1.81B	$1.72B	$1.50B	$1.69B	$1.98B	$1.81B	$1.60B	$2.45B	$2.12B
Goodwill	$155.00M	$160.84M	$146.77M	$211.62M	$214.47M	$214.30M	$215.16M	$391.66M	$400.81M	$400.54M	$445.98M	$448.39M
Total assets	$2.81B	$2.60B	$2.88B	$3.13B	$3.03B	$2.91B	$3.11B	$4.15B	$4.03B	$3.78B	$4.78B	$4.47B
Total current liabilities	$1.03B	$936.43M	$1.02B	$1.16B	$1.03B	$953.64M	$1.08B	$1.63B	$1.48B	$1.48B	$2.42B	$1.91B
Short-term debt	$39.93M	$39.99M	$1.51M	$1.10M	$1.11M	$1.12M	$7.34M	$371.99M	$375.90M	$379.79M	$381.01M	$381.69M
Long-term debt	$614.78M	$513.20M	$737.44M	$737.46M	$737.94M	$738.60M	$733.04M	$966.35M	$963.23M	$861.19M	$1.18B	$1.17B
Total debt	$654.71M	$553.19M	$738.95M	$738.56M	$739.05M	$739.71M	$740.38M	$1.34B	$1.34B	$1.24B	$1.56B	$1.56B
Total liabilities	$1.84B	$1.65B	$1.95B	$2.12B	$2.01B	$1.91B	$2.04B	$2.99B	$2.85B	$2.75B	$4.03B	$3.52B
Shareholders' equity	$977.30M	$946.46M	$931.66M	$1.01B	$1.02B	$993.53M	$1.06B	$1.16B	$1.18B	$1.03B	$752.75M	$945.99M

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$149.51M	$24.07M	-$1.99M	$261.46M	$172.79M	$3.65M	$1.79M	$284.17M	$179.30M	-$30.87M	$172.42M	$262.73M
Capital expenditures	$31.42M	$27.87M	$38.99M	$41.31M	$28.24M	$32.21M	$28.82M	$26.71M	$50.54M	$26.14M	$29.73M	$34.01M
Free cash flow	$118.09M	-$3.80M	-$40.98M	$220.16M	$144.56M	-$28.56M	-$27.02M	$257.47M	$128.76M	-$57.01M	$142.69M	$228.72M
Investing cash flow	-$270.02M	-$10.76M	-$39.36M	-$160.99M	-$17.45M	-$156.31M	-$50.95M	-$740.54M	-$45.93M	$22.50M	-$136.93M	-$41.43M
Financing cash flow	$246.05M	-$109.22M	$86.34M	-$4.94M	-$39.30M	-$46.59M	-$7.90M	$576.15M	-$45.96M	-$255.13M	$575.92M	-$618.13M
Dividends paid	$5.71M	$5.71M	$5.74M	$5.68M	$5.68M	$5.65M	$5.69M	$5.69M	$5.69M	$5.66M	$5.69M	$5.69M
Share buybacks	$224.00K	$7.42M	$13.73M	$240.00K	$29.25M	$15.21M	$108.00K	$6.28M	$26.61M	$18.44M	$228.00K	$37.10M
Stock-based compensation	$1.85M	$12.89M	$2.19M	$2.24M	$2.27M	$32.22M	$2.42M	$2.21M	$2.31M	$41.19M	$2.67M	$2.71M
Depreciation & amortization	$26.97M	$29.07M	$29.40M	$33.81M	$34.05M	$30.17M	$35.20M	$48.25M	$48.82M	$42.01M	$47.04M	$50.72M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.