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Granite Construction GVA Deferred Revenue

Deferred Revenue at other companies

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$1.12B-10.7%
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Sterling Infrastructure, Inc.STRL
$695.62M+30.2%
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$541M-20.8%
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Orion Group HoldingsORN
$41.86M-14.2%
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$149.34M+20.3%

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:ContractWithCustomerLiabilityCurrent.

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 liabilities:
Current maturities of long-term debt$379,794$375,896
Accounts payable ($40,887 and $46,708 related to CCJVs)430,306430,298
Contract liabilities ($59,735 and $63,500 related to CCJVs)356,860327,372
Accrued expenses and other current liabilities ($3,159 and $2,922 related to CCJVs)311,882348,179
Total current liabilities1,478,8421,481,745
Long-term debt861,187963,233
Long-term lease liabilities122,753125,733

Item 1. Financial Statements (unaudited)

FAQ

What is Granite Construction's deferred revenue?
Granite Construction (GVA) reported deferred revenue of $356.86M in Q1 2026.
How has Granite Construction's deferred revenue changed year-over-year?
Granite Construction's deferred revenue increased by 27.2% year-over-year, from $280.49M to $356.86M.
What is the long-term trend for Granite Construction's deferred revenue?
Over 5 years (2020 to 2025), Granite Construction's deferred revenue has grown at a 15.0% compound annual growth rate (CAGR), from $162.93M to $327.37M.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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