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Granite Construction GVA Equity Method Income

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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:IncomeLossFromEquityMethodInvestments.

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 itemThree Months Ended March 31, 20262025
Other (income) expense:
Interest income(5,849)(6,268)
Interest expense16,3327,757
Equity in income of affiliates, net(3,473)(1,094)
Other (income) expense, net10,365(63)
Total other expense, net17,375332
Loss before income taxes(48,508)(40,083)
Benefit from income taxes(12,119)(11,756)

Item 1. Financial Statements (unaudited)

FAQ

What is Granite Construction's equity method income?
Granite Construction (GVA) reported equity method income of $3.47M in Q1 2026.
How has Granite Construction's equity method income changed year-over-year?
Granite Construction's equity method income increased by 217.5% year-over-year, from $1.09M to $3.47M.
What is the long-term trend for Granite Construction's equity method income?
Over 4 years (2021 to 2025), Granite Construction's equity method income has grown at a 4.4% compound annual growth rate (CAGR), from $12.59M to $14.96M.
What does equity method income mean?
The company's proportional share of net income or loss from unconsolidated affiliates and joint ventures accounted for under the equity method.

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