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Granite Construction GVA Contracts completed and in progress: — Receivables

Other product segments

Materials sales
$84.53M+84.2%
Other
$70.85M-19.0%

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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:AccountsReceivableGrossCurrent.

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 contracts completed and in progress: — receivables?
Granite Construction (GVA) reported contracts completed and in progress: — receivables of $482.71M in Q1 2026.
How has Granite Construction's contracts completed and in progress: — receivables changed year-over-year?
Granite Construction's contracts completed and in progress: — receivables increased by 42.5% year-over-year, from $338.72M to $482.71M.
What is the long-term trend for Granite Construction's contracts completed and in progress: — receivables?
Over 4 years (2021 to 2025), Granite Construction's contracts completed and in progress: — receivables has grown at a 6.8% compound annual growth rate (CAGR), from $1.48B to $1.93B.
What does contracts completed and in progress: — receivables mean?
This metric represents the outstanding amounts owed by clients for construction services that have been billed but not yet collected. It measures the credit risk associated with the company's client base and the effectiveness of its accounts receivable management processes. Tracking this balance is essential for evaluating the company's working capital health and the speed at which it converts billed project revenue into actual cash.