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Granite Construction GVA Contract Assets

Contract Assets at other companies

Tutor Perini logo
Tutor PeriniTPC
$845.84M-1.2%
AECOM logo
AECOMACM
$2.16B+14.9%
Fluor logo
FluorFLR
$1.23B-6.0%
Orion Group Holdings logo
Orion Group HoldingsORN
$75.87M+48.9%
Construction Partners logo
Construction PartnersROAD
$60.85M+11.5%
Shimmick Corporation logo
Shimmick CorporationSHIM
$106.16M+76.6%

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$5.4B+32.2%
Enterprise value$6.53B+41.8%
P/E29.2×+3.4×
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×

Where this comes from

Reported directly by Granite Construction in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

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
(in thousands)March 31, 2026December 31, 2025
Costs in excess of billings and estimated earnings$113,697$73,079
Contract retention170,282163,800
Total contract assets$283,979$236,879

Item 1. Financial Statements (unaudited)

FAQ

What is Granite Construction's contract assets?
Granite Construction (GVA) reported contract assets of $283.98M in Q1 2026.
How has Granite Construction's contract assets changed year-over-year?
Granite Construction's contract assets increased by 3.4% year-over-year, from $274.59M to $283.98M.
What is the long-term trend for Granite Construction's contract assets?
Over 3 years (2022 to 2025), Granite Construction's contract assets has grown at a -0.7% compound annual growth rate (CAGR), from $241.92M to $236.88M.
What does contract assets mean?
Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

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