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Granite Construction GVA Construction — Cost of revenue

Other segment segments

Materials
$138.69M+60.3%

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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$6.42B+59.2%
Enterprise value$7.55B+69.9%
P/E34.7×+2.1×
P/S1.4×+0.4×

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:CostOfGoodsAndServicesSold.

The official record: Granite Construction’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Granite Construction's construction — cost of revenue?
Granite Construction (GVA) reported construction — cost of revenue of $663.87M in Q1 2026.
How has Granite Construction's construction — cost of revenue changed year-over-year?
Granite Construction's construction — cost of revenue increased by 25.5% year-over-year, from $529.18M to $663.87M.
What is the long-term trend for Granite Construction's construction — cost of revenue?
Over 3 years (2022 to 2025), Granite Construction's construction — cost of revenue has grown at a 7.2% compound annual growth rate (CAGR), from $2.5B to $3.08B.
What does construction — cost of revenue mean?
Includes all direct costs associated with performing construction services, such as labor, materials, equipment rentals, and subcontracting expenses. Monitoring this metric is essential for assessing the direct cost efficiency and project margin management of the construction operations.