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Granite Construction GVA Materials — Cost of revenue

Other segment segments

Construction
$663.87M+25.5%

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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:CostOfGoodsAndServicesSold.

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
Three months ended March 31,ConstructionMaterialsTotal
Total revenue from reportable segments$766,054$197,491$963,545
Elimination of intersegment revenue(51,080)(51,080)
Revenue766,054146,411912,465
Cost of revenue663,874138,686802,560
Gross profit102,1807,725109,905
Selling, general and administrative expenses72,17611,91484,090
(Gain) loss on sales of property and equipment, net(4,241)1,292(2,949)
Operating income (loss) from reportable segments$34,245$(5,481)$28,764

Item 1. Financial Statements (unaudited)

FAQ

What is Granite Construction's materials — cost of revenue?
Granite Construction (GVA) reported materials — cost of revenue of $138.69M in Q1 2026.
How has Granite Construction's materials — cost of revenue changed year-over-year?
Granite Construction's materials — cost of revenue increased by 60.3% year-over-year, from $86.52M to $138.69M.
What is the long-term trend for Granite Construction's materials — cost of revenue?
Over 3 years (2022 to 2025), Granite Construction's materials — cost of revenue has grown at a 13.6% compound annual growth rate (CAGR), from $431.71M to $632.46M.
What does materials — cost of revenue mean?
Includes the direct costs associated with producing and delivering construction materials, such as raw material extraction, labor, energy, and transportation expenses. Monitoring this metric is essential for evaluating the production efficiency and cost-control capabilities of the materials business unit.

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