What is Granite Construction's net debt?

Granite Construction (GVA) reported net debt of $1.13B in Q1 2026.

How has Granite Construction's net debt changed year-over-year?

Granite Construction's net debt increased by 146.0% year-over-year, from $459.43M to $1.13B.

What is the long-term trend for Granite Construction's net debt?

Over 5 years (2020 to 2025), Granite Construction's net debt has grown at a 115.7% compound annual growth rate (CAGR), from -$20.74M to $968.37M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Granite Construction GVA Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cleveland-CliffsCLF

40×—

Armstrong World IndustriesAWI

0.9×-0.1×

LAD

Lithia MotorsLAD

0.4×0.0×

Albertsons CompaniesACI

4.1×+0.4×

Pilgrim's Pride CorporationPPC

1.5×+0.9×

ESABESAB

2.3×+0.7×

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

See full

Return on equity18.3%+5.5pp

Debt / equity1.4×+0.5×

Current ratio1.1×-0.5×

Where this comes from

Calculated from Granite Construction’s reported figures.

$1.4Btotal debt−$265.7Mcash and equivalents=$1.13B

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 net debt?: Granite Construction (GVA) reported net debt of $1.13B in Q1 2026.
How has Granite Construction's net debt changed year-over-year?: Granite Construction's net debt increased by 146.0% year-over-year, from $459.43M to $1.13B.
What is the long-term trend for Granite Construction's net debt?: Over 5 years (2020 to 2025), Granite Construction's net debt has grown at a 115.7% compound annual growth rate (CAGR), from -$20.74M to $968.37M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.