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Granite Construction GVA Q3 2025 earnings

Reported November 6, 2025 · Before market open

Revenue$1.4BBeat by $285.9M
EPS$2.70Beat by $0.14
Revenue estimate$1.1B
EPS estimate$2.56

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$1.4B+12.4%
Gross profit$260.5M+28.4%
Operating income$143.7M+37.7%
Net income$102.9M+30.4%
EPS (diluted)$1.98+26.1%

Balance sheet

See full
Cash & equivalents$441.8M-4.4%
Total debt$1.5B+80.7%
Total equity$1.2B+14.8%
Total assets$4.1B+32.4%

Cash flow

See full
Operating cash flow$284.2M+8.7%
CapEx$26.7M-35.3%
Free cash flow$257.5M+16.9%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$4.8B+38.6%
Enterprise value$5.86B+52.9%
P/E26.3×-4.9×
P/S1.1×+0.3×

Profitability

See full
Gross margin16.4%+3.4pp
Operating margin6.3%+2.1pp
Net margin4.3%+1.5pp
FCF margin8.2%+0.8pp

Returns & leverage

See full
Return on equity16.9%+5.6pp
Debt / equity1.3×+0.5×
Current ratio1.2×-0.3×

Segments

By segment

See full
Construction$1.2B+7.6%
Constructions$1.2B+7.6%
Materials$271.0M+39.1%

Versus estimates

Revenue

Q1 2026$912.5MBeat by $130.2MQ4 2025$1.2BBeat by $17.7M
Q3 2025$1.4BBeat by $285.9M
Q2 2025$1.1BMiss by $275.7MQ1 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 $0.11
Q3 2025$2.70Beat by $0.14
Q2 2025$1.93Beat by $0.16Q1 2025$0.01Beat by $0.44Q4 2024$1.23Miss by $0.19

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Questions, answered.

When did Granite Construction report Q3 2025 earnings?
Granite Construction (GVA) reported Q3 2025 earnings on November 6, 2025 before market open.
What were Granite Construction's Q3 2025 revenue and EPS?
Granite Construction reported revenue of $1.4B and eps of $2.70 for Q3 2025.
Did Granite Construction beat estimates in Q3 2025?
Revenue beat the consensus estimate of $1.1B by $285.9M. EPS beat the consensus estimate of $2.56 by $0.14.
How did Granite Construction's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 12.4% from $1.3B a year earlier and eps grew 31.7% from $2.05.
Where can I find Granite Construction's Q3 2025 SEC filings?
You can read the 8-K earnings release (0000861459-25-000051) and the 10-Q periodic report (0000861459-25-000053) directly on SEC EDGAR. The filing index links above go to sec.gov.