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Granite Construction GVA Operating Lease Liabilities

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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$5.32B+30.4%
Enterprise value$6.45B+40.1%
P/E28.8×+3.0×
P/S1.2×+0.1×

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:OperatingLeaseLiabilityNoncurrent.

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
Line itemMarch 31, 2026December 31, 2025
Accrued expenses and other current liabilities ($3,159 and $2,922 related to CCJVs)311,882348,179
Total current liabilities1,478,8421,481,745
Long-term debt861,187963,233
Long-term lease liabilities122,753125,733
Deferred income taxes, net143,458141,489
Other long-term liabilities92,35996,660
Commitments and contingencies (see Note 17)
Equity:

Item 1. Financial Statements (unaudited)

FAQ

What is Granite Construction's operating lease liabilities?
Granite Construction (GVA) reported operating lease liabilities of $122.75M in Q1 2026.
How has Granite Construction's operating lease liabilities changed year-over-year?
Granite Construction's operating lease liabilities increased by 57.9% year-over-year, from $77.73M to $122.75M.
What is the long-term trend for Granite Construction's operating lease liabilities?
Over 5 years (2020 to 2025), Granite Construction's operating lease liabilities has grown at a 25.9% compound annual growth rate (CAGR), from $39.82M to $125.73M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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