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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

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

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
2B4B
2008201120142017202020232025
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 the five years to FY2025.

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%
200820162025
ROE
FY2025 · ROE 17.6%
5%10%15%-5%-10%
200820162025
Three returns, three denominators.

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
150M300M-30M-60M
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends 22.7 · Net buybacks 48.2
40M80MDividendsNet buybacks
2008201120142017202020232025

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—not applicable◌not available in our data
GVA, 18-year financial record
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 %17.612.74.58.71.0−13.7−5.00.13.76.67.43.2−4.55.66.6−7.49.015.2
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. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures · 2 divergences in 88 reconciliationsAUDITED

Reconciled in 16 of the 18 fiscal years we could check. 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. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 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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