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Granite Construction Incorporated GVA R2K

Industrials · Engineering & Construction · United States
https://www.graniteconstruction.com

Granite Construction Incorporated provides infrastructure solutions for public and private clients in the United States. It operates through Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and construction of various complex projects, including infrastructure and site development, mining, public safety, tunnel, solar, battery storage, and power related projects. The Materials segment produces and delivers aggregates, asphalt concrete, liquid asphalt, and recycled materials for internal use in construction projects and sale to third parties. It also provides site preparation, mining, and infrastructure services for railways, residential development, energy development, and commercial and industrial sites; produces construction materials; and provides construction management professional services, as well as owns and leases aggregate reserves and processing plants. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was incorporated in 1922 and is headquartered in Watsonville, California.

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$136.84
+53.72% 1Y

Market & Price

Market Cap
$5.99B
Current Price
$136.84
High / Low (52W)
$143.13 / $87.83
Beta
1.35

Valuation

Stock P/E
37.29
Industry PE
28.38
Forward P/E
18.07
PEG Ratio
0.17
Book Value
$23.59
Price to Book
5.80
P/S
1.29
EV/EBITDA
15.37
Dividend Yield
0.38%

Profitability & Returns

ROCE
13.19%
ROE
20.03%
ROA
5.24%
Profit Margin
3.99%
Op Margin
-3.40%
EPS (Latest Qtr)
$-0.96
EPS (TTM)
$3.67

Balance Sheet & Liquidity

Debt/Equity
1.29
Quick Ratio
0.92
Current Ratio
1.08
Debt
$1.40B
Total Assets
$4.03B
Current Assets
$1.81B
Working Capital
$330.49M

Ownership

Promoter Holding
0.92%
Chg in Prom Hold
-
FII / Inst Holding
118.69%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
$6.99B
Total Revenue (TTM)
$4.64B
EBITDA
$454.73M
Free Cash Flow
$129.35M
Operating Cash Flow
$434.40M
Shares Outstanding
43.75M
Gross Margin
15.90%
Payout Ratio
14.17%

Growth (CAGR)

Revenue 5Y
10.25%
Profit 5Y
32.32%
Revenue (YoY)
30.40%
Earnings (YoY)
-

PROS

  • Strong return on equity of 20.0%.
  • Compounding revenue at 10.3% over 5 years.
  • Profit CAGR of 32.3% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 GVA Granite Construction Incorporated R2K 136.84 37.29 $5.99B 0.38% 13.19% 20.03% 10.25% 32.32%
2 CAT Caterpillar Inc. SPX 875.87 43.66 $403.42B 0.69% 19.42% 51.33% 4.38% 9.83%
3 GE GE Aerospace SPX 323.76 40.17 $338.27B 0.58% 11.89% 45.43% 16.32% 195.89%
4 GEV GE Vernova Inc. SPXAI 968.32 28.33 $260.21B 0.21% 6.30% 75.71% 8.68% 92.84%
5 RTX RTX Corporation SPX 179.66 33.64 $241.95B 1.54% 9.41% 11.57% 9.72% 9.01%
6 UNP Union Pacific Corporation SPX 262.64 21.60 $155.93B 2.10% 16.19% 40.69% -0.49% 0.66%
7 ETN Eaton Corporation plc SPXAI 400.60 39.20 $155.55B 1.10% 16.23% 20.84% 9.77% 18.41%
8 HON Honeywell International Inc. NDXSPX 237.86 38.00 $150.72B 2.00% 13.57% 24.26% 1.82% -1.62%
9 DE Deere & Company SPX 542.18 30.67 $146.45B 1.20% 12.82% 18.35% -4.50% -11.00%
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Quarterly Results

Figures in USD.

Metric Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ----468.40M762.91M957.13M-563.38M807.12M1.06B-581.81M866.09M1.11B-635.93M915.77M1.07B-566.33M834.67M1.06B-653.89M849.25M1.01B-560.07M898.55M1.12B672.27M1.08B--699.55M1.13B1.43B1.17B912.47M
Cost of Revenue -----------------------------------615.70M926.87M1.17B997.65M802.56M
Gross Profit 39.24M73.20M107.67M81.25M25.13M74.57M114.53M100.71M44.26M99.42M160.66M30.49M1.14M46.76M122.56M51.22M17.27M81.05M113.02M93.32M63.32M116.95M119.94M62.45M60.09M97.57M115.06M96.78M32.36M103.09M166.64M54.28M164.71M--83.85M199.10M260.55M167.72M109.91M
Operating Expenses -----------------------------------125.34M99.14M117.66M106.84M143.99M
Operating Income -16.29M25.86M53.88M--36.44M23.99M66.78M--25.45M13.93M83.58M--78.97M-28.48M53.49M--78.37M-2.15M-85.80M--79.51M34.79M43.73M--15.71M29.75M54.70M--43.25M28.86M73.82M-43.30M85.82M---41.49M99.96M142.88M60.88M-34.08M
EBITDA ------------------------------------2.15M150.68M209.14M140.82M9.84M
Interest Expense -----------------------------------7.76M7.93M13.37M18.17M16.33M
Pretax Income ------------------------------------40.08M107.56M147.53M73.83M-48.51M
Tax Provision ------------------------------------11.76M27.21M38.13M14.89M-12.12M
Net Income -10.44M14.20M37.19M16.17M-23.79M14.13M45.98M32.77M-20.44M5.87M67.84M-52.68M-62.47M-24.24M45.90M-19.38M-65.37M3.40M-91.16M8.01M-66.19M54.46M35.04M-13.21M-26.73M18.68M69.30M22.05M-23.02M-17.00M57.62M-30.98M36.90M---33.66M71.70M102.93M52.03M-41.70M
Diluted EPS -0.270.350.920.40-0.600.351.140.81-0.510.141.42-1.12-1.34-0.520.97-0.42-1.440.07-1.970.17-1.451.140.73-0.29-0.580.391.360.46-0.53-0.391.13-0.700.76---0.771.421.981.03-0.96

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue --------2.51B2.96B3.29B2.91B3.56B-3.30B3.51B4.01B4.42B
Cost of Revenue --------------2.93B3.11B3.43B3.71B
Gross Profit 471.95M349.51M177.78M247.96M234.76M177.18M239.74M299.84M301.37M278.74M334.84M189.78M344.79M-369.49M396.40M572.70M711.22M
Operating Expenses --------------296.73M344.68M374.10M448.98M
Operating Income 216.69M129.18M-109.34M99.27M80.83M-54.69M65.10M110.31M92.35M62.52M8.22M-41.72M-158.34M-72.76M51.72M198.60M262.24M
EBITDA --------------187.01M170.59M351.71M498.48M
Interest Expense --------------12.62M18.46M29.19M47.22M
Pretax Income --------------91.82M59.85M196.19M288.83M
Tax Provision --------------12.96M30.27M55.75M68.48M
Net Income 122.40M73.50M-58.98M51.16M45.28M-36.42M25.35M60.48M57.12M34.12M582.00K-60.19M-145.12M-83.30M43.60M126.35M193.00M
Diluted EPS 3.181.90-1.561.311.15-0.940.641.521.420.840.01-1.29-3.18-1.700.972.623.86

Compounded Sales Growth

5 Years:10.25%
1 Year:30.40%

Compounded Profit Growth

5 Years:32.32%
1 Year:-

Stock Price Performance

1 Year:+53.72%
6 Months:+29.86%
3 Months:+1.88%
1 Month:+11.66%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Dec 2020Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --1.71B1.54B1.55B1.73B1.61B1.60B1.63B1.73B1.87B1.72B2.53B2.62B2.43B2.36B2.52B2.61B2.50B2.38B-2.26B2.28B2.40B2.17B2.81B3.03B4.03B
Current Assets ------------------------1.35B1.64B1.72B1.81B
Cash & Equivalents 352.43M460.84M338.96M252.02M256.99M321.99M229.12M255.96M252.84M189.33M233.71M193.58M195.51M230.26M272.80M200.26M144.96M184.67M252.34M425.29M-360.91M175.02M255.08M293.99M417.66M578.33M529.22M
Inventory ------------------------86.81M103.90M108.17M143.13M
Receivables ------------------------463.99M481.08M384.74M457.59M
Total Liabilities ------------------------1.18B1.79B1.95B2.81B
Current Liabilities --506.11M438.78M448.47M531.27M497.57M462.83M465.82M529.93M655.27M614.12M931.30M873.41M737.44M675.78M839.72M876.53M842.06M943.26M-935.67M1.00B1.05B797.59M1.03B1.03B1.48B
Long Term Debt --225.20M217.01M208.50M270.15M270.13M270.11M244.32M229.50M178.45M176.01M280.71M316.93M335.12M333.29M366.90M394.84M356.11M330.52M-290.55M286.80M286.87M286.93M614.78M737.94M963.23M
Total Debt ------------------------339.21M735.09M832.85M1.50B
Total Equity --830.65M761.03M799.20M829.95M781.94M794.38M839.24M885.99M945.11M840.34M1.19B1.31B1.24B1.18B1.15B1.18B1.14B975.66M-906.04M871.65M934.77M953.02M977.30M1.02B1.18B
Shares Outstanding ------------------------43.74M43.94M43.42M43.50M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 257.34M64.30M29.32M92.34M91.79M5.38M43.14M66.98M73.15M146.19M86.39M111.44M268.46M-55.65M183.71M456.34M468.92M
Investing Cash Flow -18.26M-129.88M-60.44M-27.73M-42.55M-31.65M780.00K-30.71M-96.39M-59.19M-39.60M-40.32M-41.26M--11.00M-359.29M-228.56M-993.72M
Financing Cash Flow -130.67M-56.31M-55.82M-59.65M15.76M-66.60M-17.08M-39.40M-40.27M-42.62M-1.87M-81.64M-57.66M--164.31M299.25M-67.12M475.69M
Capital Expenditure -94.14M-87.64M-37.00M-45.03M-37.62M-43.68M-43.43M-44.18M-90.97M-67.69M-111.10M-106.83M-93.25M--121.61M-140.38M-136.41M-138.27M
Free Cash Flow 163.20M-23.34M-7.69M47.31M54.17M-38.30M-286.00K22.80M-17.82M78.50M-24.71M4.61M175.21M--65.97M43.32M319.94M330.65M
Net Change in Cash ---------------119.66M123.67M160.67M-49.11M
Share Buybacks 45.54M3.43M3.64M4.03M4.85M5.90M5.12M3.78M5.23M6.98M16.56M36.90M885.00K2.73M70.90M4.12M50.63M48.21M

Ratios (Annual)

Figures in %.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % --------12.0%9.4%10.2%6.5%9.7%-11.2%11.3%14.3%16.1%
Operating Margin % --------3.7%2.1%0.2%-1.4%-4.4%-2.2%1.5%5.0%5.9%
Net Margin % --------2.3%1.2%0.0%-2.1%-4.1%-2.5%1.2%3.2%4.4%
ROE % -8.8%-7.8%6.4%5.5%-4.7%3.2%7.2%6.4%3.6%0.0%-5.3%-14.9%-8.7%4.5%12.4%16.4%
ROCE % -10.7%-10.0%9.0%6.7%-4.9%5.7%9.5%7.7%5.1%0.5%-2.5%-11.0%-5.3%2.9%10.0%10.3%

Shareholding Pattern

Insiders
0.92%
Institutions
118.69%
Public Float
119.79%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 14.98% 6.55M $896.79M
2 FMR, LLC 10.14% 4.43M $606.73M
3 Vanguard Portfolio Management LLC 5.49% 2.40M $328.62M
4 State Street Corporation 5.13% 2.24M $307.17M
5 Vanguard Capital Management LLC 4.46% 1.95M $267.24M
6 First Trust Advisors LP 3.19% 1.40M $191.24M
7 Frontier Capital Management Company LLC 2.72% 1.19M $162.53M
8 Millennium Management Llc 2.65% 1.16M $158.65M
9 Hill City Capital, Lp 2.54% 1.11M $151.90M
10 Geode Capital Management, LLC 2.44% 1.07M $146.20M

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