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Granite Construction GVA Accounts Receivable

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Segments

By product

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Contracts completed and in progress:$482.71M+42.5%
Materials sales$84.53M+84.2%
Other$70.85M-19.0%

Other financials

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

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Market cap$5.32B+30.4%
Enterprise value$6.45B+40.1%
P/E28.8×+3.0×
P/S1.2×+0.1×

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×

Where this comes from

Reported directly by Granite Construction in its filing.

Tagged under the XBRL concept us-gaap:ReceivablesNetCurrent.

The source filing: Granite Construction’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:56 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000861459-26-000018
Line itemMarch 31, 2026December 31, 2025
Current assets:
Cash and cash equivalents ($153,994 and $145,584 related to consolidated construction joint ventures (“CCJVs”))$265,714$529,220
Short-term marketable securities49,19171,021
Receivables, net ($37,658 and $37,398 related to CCJVs)636,513630,392
Contract assets ($36,808 and $34,057 related to CCJVs)283,979236,879
Inventories168,789143,129
Equity in unconsolidated construction joint ventures126,857134,670
Other current assets ($3,343 and $3,255 related to CCJVs)73,66366,920

Item 1. Financial Statements (unaudited)

FAQ

What is Granite Construction's accounts receivable?
Granite Construction (GVA) reported accounts receivable of $636.51M in Q1 2026.
How has Granite Construction's accounts receivable changed year-over-year?
Granite Construction's accounts receivable increased by 35.0% year-over-year, from $471.34M to $636.51M.
What is the long-term trend for Granite Construction's accounts receivable?
Over 5 years (2020 to 2025), Granite Construction's accounts receivable has grown at a 7.6% compound annual growth rate (CAGR), from $437.56M to $630.39M.
What does accounts receivable mean?
Amounts owed by customers for goods delivered or services performed, net of allowances for doubtful accounts. A key working capital component.

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