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Granite Construction GVA Return on invested capital

Return on invested capital at other companies

AECOM logo
AECOMACM
18.7%-1.5pp
Sterling Infrastructure, Inc. logo
Sterling Infrastructure, Inc.STRL
63.1%+11.6pp
Martin Marietta Materials logo
Martin Marietta MaterialsMLM
7.4%-0.8pp
Fluor logo
FluorFLR
-12.5%
Vulcan Materials Company logo
Vulcan Materials CompanyVMC
9.5%+0.5pp
Construction Partners logo
Construction PartnersROAD
8.4%+2.0pp

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

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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.

Based on trailing twelve months.

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 return on invested capital?
Granite Construction (GVA) reported return on invested capital of 12.2% in Q1 2026.
How has Granite Construction's return on invested capital changed year-over-year?
Granite Construction's return on invested capital increased by 8.0% year-over-year, from 11.3% to 12.2%.
What is the long-term trend for Granite Construction's return on invested capital?
Over 5 years (2020 to 2025), Granite Construction's return on invested capital has grown at a -2.8% compound annual growth rate (CAGR), from -14.6% to 12.6%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.