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Segments

By segment

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Construction$72.18M+15.8%
Materials$11.91M+39.4%

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:SellingGeneralAndAdministrativeExpense.

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 itemThree Months Ended March 31, 20262025
Revenue$912,465$699,547
Cost of revenue802,560615,698
Gross profit109,90583,849
Selling, general and administrative expenses140,950115,911
Other costs, net3,0379,426
Gain on sales of property and equipment, net(2,949)(1,737)
Operating loss(31,133)(39,751)
Other (income) expense:

Item 1. Financial Statements (unaudited)

FAQ

What is Granite Construction's SG&A?
Granite Construction (GVA) reported SG&A of $140.95M in Q1 2026.
How has Granite Construction's SG&A changed year-over-year?
Granite Construction's SG&A increased by 21.6% year-over-year, from $115.91M to $140.95M.
What is the long-term trend for Granite Construction's SG&A?
Over 4 years (2021 to 2025), Granite Construction's SG&A has grown at a 7.7% compound annual growth rate (CAGR), from $303.02M to $407.56M.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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