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Granite Construction GVA Operating Lease ROU Assets

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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:OperatingLeaseRightOfUseAsset.

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
Investments in affiliates97,98596,764
Goodwill400,536400,814
Intangible assets, net174,496179,548
Right of use assets149,438152,678
Other noncurrent assets77,36178,001
Total assets$3,779,639$4,030,393
LIABILITIES AND EQUITY
Current liabilities:

Item 1. Financial Statements (unaudited)

FAQ

What is Granite Construction's operating lease ROU assets?
Granite Construction (GVA) reported operating lease ROU assets of $149.44M in Q1 2026.
How has Granite Construction's operating lease ROU assets changed year-over-year?
Granite Construction's operating lease ROU assets increased by 57.6% year-over-year, from $94.84M to $149.44M.
What is the long-term trend for Granite Construction's operating lease ROU assets?
Over 5 years (2020 to 2025), Granite Construction's operating lease ROU assets has grown at a 23.6% compound annual growth rate (CAGR), from $52.99M to $152.68M.
What does operating lease ROU assets mean?
Right-of-use assets representing the lessee's right to use leased property over the lease term under ASC 842 operating lease classification.

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