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Granite Construction GVA Q2 2025 earnings

Reported August 7, 2025 · Before market open

Revenue$1.1BMiss by $275.7M
EPS$1.93Beat by $0.16
Revenue estimate$1.4B
EPS estimate$1.77

Next report

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

Financials

Q2 2025

Income statement

See full
Revenue$1.1B+4.0%
Gross profit$199.1M+20.9%
Operating income$103.6M+20.7%
Net income$71.7M+94.3%
EPS (diluted)$1.42+86.8%

Balance sheet

See full
Cash & equivalents$322.0M-12.2%
Total debt$844.4M+3.0%
Total equity$1.1B+14.1%
Total assets$3.1B+7.8%

Cash flow

See full
Operating cash flow$1.8M—
CapEx$28.8M-26.1%
Free cash flow-$27.0M+34.1%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$4.02B+46.9%
Enterprise value$4.54B+42.4%
P/E25.4×-5.2×
P/S1×+0.3×

Profitability

See full
Gross margin15.6%+3.0pp
Operating margin5.6%+2.0pp
Net margin3.9%+1.5pp
FCF margin7.6%+2.4pp

Returns & leverage

See full
Return on equity15.9%+6.1pp
Debt / equity0.8×-0.1×
Current ratio1.6×-0.1×

Segments

By segment

See full
Construction$937.4M+2.1%
Constructions$937.4M+2.1%
Materials$188.5M+14.6%

Versus estimates

Revenue

Q1 2026$912.5MBeat by $130.2MQ4 2025$1.2BBeat by $17.7MQ3 2025$1.4BBeat by $285.9M
Q2 2025$1.1BMiss by $275.7M
Q1 2025$699.5MMiss by $467.3MQ4 2024$977.3MBeat by $270.6M

Diluted EPS

Q1 2026-$0.26Beat by $0.51Q4 2025$1.23Miss by $0.11Q3 2025$2.70Beat by $0.14
Q2 2025$1.93Beat by $0.16
Q1 2025$0.01Beat by $0.44Q4 2024$1.23Miss by $0.19

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Questions, answered.

When did Granite Construction report Q2 2025 earnings?
Granite Construction (GVA) reported Q2 2025 earnings on August 7, 2025 before market open.
What were Granite Construction's Q2 2025 revenue and EPS?
Granite Construction reported revenue of $1.1B and eps of $1.93 for Q2 2025.
Did Granite Construction beat estimates in Q2 2025?
Revenue missed the consensus estimate of $1.4B by $275.7M. EPS beat the consensus estimate of $1.77 by $0.16.
How did Granite Construction's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.0% from $1.1B a year earlier and eps grew 11.6% from $1.73.
Where can I find Granite Construction's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0000861459-25-000041) directly on SEC EDGAR. The filing index links above go to sec.gov.