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Granite Construction

GVA

Granite Construction is a leading vertically integrated civil contractor and construction materials producer in the United States.

Market cap
$5.49B+32.0%
Revenue$4.6B+14.9%
Net income$185.0M+49.6%
Free cash flow$302.2M+2.4%
EPS (diluted)$3.47+45.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Tomorrow)
Revenue estimate$1.4B
EPS estimate$2.28

Financials

Q1 2026

Income statement

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Revenue$912.5M+30.4%
Gross profit$109.9M+31.1%
Operating income-$31.1M+21.7%
Net income-$41.7M-23.9%
EPS (diluted)-$0.96-24.7%

Balance sheet

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Cash & equivalents$265.7M-29.9%
Total debt$1.4B+66.5%
Total equity$1.0B+3.9%
Total assets$3.8B+30.0%

Cash flow

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Operating cash flow-$30.9M-947%
CapEx$26.1M-18.8%
Free cash flow-$57.0M-99.6%

Valuation & ratios

Valuation

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Market cap$5.49B+32.0%
Enterprise value$6.62B+42.5%
P/E29.7×+3.7×
P/S1.2×+0.2×

Profitability

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Gross margin15.9%+1.0pp
Operating margin6.3%+1.0pp
Net margin4%+0.9pp
FCF margin6.5%-0.8pp

Returns & leverage

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Return on equity18.3%+5.5pp
Debt / equity1.4×+0.5×
Current ratio1.1×-0.5×

Segments

By segment

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Construction$766.1M+24.6%
Constructions$766.1M+24.6%
Materials$146.4M+72.4%

Competitors

Profile

Granite Construction is a leading vertically integrated civil contractor and construction materials producer in the United States. The company delivers large-scale infrastructure solutions for public and private clients, specializing in transportation, water, and power-related projects. Its core value proposition lies in its home market strategy, which combines local expertise with the financial strength of a national firm and a vertically integrated supply of construction materials.

Competitive position

One of the largest diversified, vertically integrated civil contractors in the U.S. with significant barriers to entry due to aggregate reserve ownership and stringent zoning regulations.

GeographiesUnited States, Guam
Customer segmentsPublic sector agencies, Commercial enterprises, Industrial owners, Residential developers
Business modelVertically integrated manufacturing, Project-based services, Fixed-price contracting, Fixed-unit price contracting
SuppliersCement suppliers, Fuel and energy providers, Steel manufacturers, Equipment manufacturers, Design and engineering firms
CustomersState DOTs, Municipal public works departments, Private site owners, General contractors, Federal government agencies
Listed1990
Employees4.1K
CEOKyle T. Larkin
FilingsSEC EDGAR

Questions, answered.

What is Granite Construction's market cap?
Granite Construction (GVA) has a market capitalization of $5.5B and trades on NYSE.
What is Granite Construction's revenue and profitability?
Granite Construction generated $4.6B in trailing twelve-month revenue with net income of $185.0M, representing a net margin of 4.0%. Gross margin stands at 15.9%, with free cash flow of $302.2M. These figures are based on the Q1 2026 filing.
Who are Granite Construction's competitors?
Granite Construction's key competitors include Vulcan Materials Company, Martin Marietta Materials, Inc., AECOM, and others. These companies compete in similar markets and product categories.
What subsidiaries does Granite Construction have?
Granite Construction's subsidiaries include Granite Construction Company, Layne, Slats Lucas, LLC, and others.
Where is Granite Construction headquartered?
Granite Construction is headquartered in United States of America and employs approximately 4,100 people. It has been publicly traded since 1990.