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NYSE · HEAVY CONSTRUCTION OTHER THAN BLDG CONST - CONTRACTORS · LARGE CAP

Granite Construction Inc. GVA

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.4B
▲ 10.4% YoY
$193.0M
▲ 52.8% YoY
$330.6M
▲ 3.3% YoY
In brief

What this company does

Granite Construction Incorporated delivers infrastructure solutions for public and private clients primarily in the United States. On December 31, 2025, the company employed approximately 2,500 salaried employees who work in project, functional and business unit management, estimating and administrative capacities, plus approximately 3,300 hourly employees. Its reportable segments are Construction and Materials. The Construction segment focuses on construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure and site development for use by the general public, as well as water-related construction for municipal agencies, commercial water suppliers, industrial facilities and energy companies. The Materials segment focuses on production and delivery of aggregates, asphalt concrete, liquid asphalt and recycled materials for internal use in the company's construction projects and for sale to third parties. Granite Construction Company was incorporated in 1922. In 1990, Granite Construction Incorporated was formed as the holding company for Granite Construction Company and its wholly-owned and consolidated subsidiaries, and was incorporated in Delaware.

Written from the business description in GRANITE CONSTRUCTION INC's annual report to the U.S. Securities and Exchange Commission, filed 13 February 2026. Every sentence was checked against that document before publication.

Growth
USD 4.4B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.4 · Net income 0.2
2B4B2008201120142017202020232025
Compound annual growth
+10.3%
+4.4%
+6.4%
+6.3%
+32.3%
+12.3%
+31.4%
+0.0%
+0.0%
−9.0%
+23.6%
+11.3%
+7.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 6.4% · Net 5.0%
5%-2%-4%-6%2008201120142017202020232025
ROE
FY2025 · ROE 17.6%
5%10%15%-5%-10%2008201120142017202020232025
Gross margin16.1%
Operating margin6.4%
Net margin5.0%
Return on assets6.2%
EBITDAUSD 444.9M

Each USD of equity produced 18 cents of profit this year.

Cash & shareholders
USD 70.9M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 330.6
200.0M-25.0M-50.0M2008201120142017202020232025
Net buybacks $M Dividends $M
FY2025 · Dividends 22.7 · Net buybacks 48.2
40M80MDividendsNet buybacks2008201120142017202020232025
Dividends paidUSD 22.7M
Net buybacksUSD 48.2M
Share of profit36.7%
Consecutive raises—

USD 22.7M in dividends and USD 48.2M in buybacks — 37% of the year's profit went back to shareholders.

Total assetsUSD 4.0B
EquityUSD 1.2B
CashUSD 529.2M
Gross debtUSD 1.3B
Net debtUSD 809.9M
Current ratio1.22×

Net debt stands at 69% of equity.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B4.44.03.53.33.53.62.93.33.02.52.42.32.32.12.01.82.02.7
Operating income $B0.30.20.10.10.0−0.2−0.00.00.10.10.10.1−0.10.10.1−0.10.10.2
EBITDA $B0.40.30.20.20.1−0.00.10.10.10.20.20.10.00.10.2−0.00.20.3
Income tax $B0.10.10.00.00.0−0.0−0.0−0.00.00.00.00.0−0.00.00.0−0.00.00.1
Net income $B0.20.10.00.10.0−0.1−0.10.00.00.10.10.0−0.00.00.1−0.10.10.1
Free cash flow $B0.30.30.0−0.1−0.10.20.0−0.00.1−0.00.0−0.0−0.00.10.0−0.0−0.00.2
EPS, diluted $3.862.620.971.700.21−3.18−1.290.010.841.421.520.64−0.941.151.31−1.561.903.18
Dividend / sh $0.520.520.520.520.520.520.520.520.520.520.520.520.520.520.520.520.520.52
Payout %12185228236−16−40385361363480−554439−342716
ROE %17.612.74.58.71.0−13.7−5.00.13.76.67.43.2−4.55.66.6−7.48.8·
Shares out B0.040.040.040.040.050.050.050.050.040.040.040.040.040.040.040.040.04·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Granite Construction Inc.vsFluor Corp.Same industry: Heavy Construction Other Than Bldg Const - ContractorsGranite Construction Inc.vsMastec Inc.Same industry: Heavy Construction Other Than Bldg Const - ContractorsGranite Construction Inc.vsJacobs Solutions Inc.Same industry: Heavy Construction Other Than Bldg Const - ContractorsGranite Construction Inc.vsKbr, Inc.Same industry: Heavy Construction Other Than Bldg Const - ContractorsGranite Construction Inc.vsPrimoris Services Corp.Same industry: Heavy Construction Other Than Bldg Const - ContractorsGranite Construction Inc.vsDycom Industries Inc.Same industry: Heavy Construction Other Than Bldg Const - ContractorsGranite Construction Inc.vsMYR Group Inc.Same industry: Heavy Construction Other Than Bldg Const - Contractors
Provenance
Company facts, as filed
How we verify · 0 failures · 2 divergences in 88 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 2 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures2 divergent
ActivityHeavy Construction Other Than Bldg Const - Contractors
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2008

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