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Granite Construction GVA Materials — Acquisitions

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Construction
$66.6M+1,414%

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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:GoodwillAcquiredDuringPeriod.

The source filing: Granite Construction’s 10-K, filed February 13, 2026.

Filed
Feb 12, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000861459-26-000004
(in thousands)ConstructionMaterialsTotal
Balance as of December 31, 2023$130,569$24,435$155,004
Acquisitions (1)4,40055,40059,800
Foreign currency and other adjustments8(347)(339)
Balance as of December 31, 2024134,97779,488214,465
Acquisitions (1)66,595119,421186,016
Foreign currency and other adjustments(61)394333
Balance as of December 31, 2025$201,511$199,303$400,814

Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

FAQ

What is Granite Construction's materials — acquisitions?
Granite Construction (GVA) reported materials — acquisitions of $29.86M in Q4 2025.
How has Granite Construction's materials — acquisitions changed year-over-year?
Granite Construction's materials — acquisitions increased by 115.6% year-over-year, from $13.85M to $29.86M.
What does materials — acquisitions mean?
The capital expenditure dedicated to purchasing other businesses or assets to expand the Materials segment's geographic footprint or product portfolio. It indicates the company's strategic commitment to inorganic growth within the construction materials market.

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