Granite Construction Inc (GVA) Financial Statements
Industry: Heavy Construction Other Than Bldg Const - Contractors
In fiscal 2025, Granite Construction reported revenue of $4.42B, up 10.4% from $4.01B the year before. Net income was $193.0M (a 4.4% net margin), or $3.86 per diluted share. Gross margin was 16.1% and operating margin was 6.4%. Operating activities generated $468.9M of cash, leaving $330.6M of free cash flow. At fiscal year end, Granite Construction held $4.03B in total assets against $2.85B in total liabilities, including $529.2M of cash and equivalents.
Open the full interactive Granite Construction financials → Quarterly statements, key ratios, valuation history and price charts.
Granite Construction Key Stats
| Share Price | $113.15 |
|---|---|
| Market Cap | $4.95B |
| P/E Ratio | 29.3 |
| Revenue YoY Growth | +10.4% |
| 52-Week Range | $98.09 – $160.08 |
| Shares Outstanding | 43.8 million (basic, 2026 Q2) |
Granite Construction Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $3.56B | $3.01B | $3.30B | $3.51B | $4.01B | $4.42B |
| Cost of Goods Sold | $3.22B | $2.70B | $2.93B | $3.11B | $3.43B | $3.71B |
| Gross Profit | $344.8M | $305.6M | $369.5M | $396.4M | $572.7M | $711.2M |
| Operating Income | -$158.3M | $1.1M | $85.4M | $80.1M | $207.4M | $282.4M |
| Pre-Tax Income | -$166.5M | -$9.5M | $91.8M | $59.9M | $196.2M | $288.8M |
| Income Tax | -$282,000 | -$1.2M | $13.0M | $30.3M | $55.7M | $68.5M |
| Net Income | -$145.1M | $10.1M | $83.3M | $43.6M | $126.3M | $193.0M |
| Diluted EPS | -$3.18 | $0.22 | $1.70 | $0.97 | $2.62 | $3.86 |
Granite Construction Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.43B | $1.17B | $912.5M | $1.46B |
| Net Income | $102.9M | $52.0M | -$41.7M | -$278.2M |
| Diluted EPS | $1.98 | $0.98 | -$0.96 | -$6.36 |
Granite Construction Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $436.1M | $395.6M | $294.0M | $417.7M | $578.3M | $529.2M |
| Current Assets | $1.46B | $1.83B | $1.35B | $1.64B | $1.72B | $1.81B |
| Total Assets | $2.38B | $2.49B | $2.17B | $2.81B | $3.03B | $4.03B |
| Current Liabilities | $943.3M | $1.07B | $797.6M | $1.03B | $1.03B | $1.48B |
| Total Long-Term Debt | $338.8M | $339.9M | $288.4M | $654.7M | $739.0M | $1.34B |
| Total Liabilities | $1.40B | $1.53B | $1.21B | $1.84B | $2.01B | $2.85B |
| Shareholders' Equity | $975.7M | $967.7M | $953.0M | $977.3M | $1.02B | $1.18B |
Granite Construction Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $268.5M | $21.9M | $55.6M | $183.7M | $456.3M | $468.9M |
| Cash From Investing | -$41.3M | -$21.5M | -$11.0M | -$359.3M | -$228.6M | -$993.7M |
| Cash From Financing | -$57.7M | -$24.4M | -$164.3M | $299.3M | -$67.1M | $475.7M |
| Free Cash Flow | $175.2M | -$72.9M | -$66.0M | $43.3M | $319.9M | $330.6M |
Figures from Granite Construction's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Granite Construction financials page for every line item.
Granite Construction Company Profile
| Ticker | GVA |
|---|---|
| Exchange | NYSE |
| Industry | Heavy Construction Other Than Bldg Const - Contractors |
| Headquarters | Watsonville, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000861459 |
Frequently Asked Questions
What was Granite Construction's revenue in fiscal 2025?
Granite Construction (GVA) reported revenue of $4.42B for fiscal 2025.
What is Granite Construction's annual revenue history?
Granite Construction's annual revenue by fiscal year: 2020: $3.56B; 2021: $3.01B; 2022: $3.30B; 2023: $3.51B; 2024: $4.01B; 2025: $4.42B.
What was Granite Construction's net income in fiscal 2025?
Granite Construction reported net income of $193.0M for fiscal 2025.
What was Granite Construction's earnings per share (EPS) in fiscal 2025?
Granite Construction's diluted EPS was $3.86 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Granite Construction generate in fiscal 2025?
Granite Construction generated $330.6M of free cash flow in fiscal 2025.
What was Granite Construction's revenue last quarter?
In its most recent reported quarter (2026 Q2), Granite Construction reported revenue of $1.46B.
How much debt does Granite Construction have?
Granite Construction reported $1.34B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Granite Construction are outstanding?
Granite Construction reported a weighted average of 43.8 million basic shares outstanding in 2026 Q2.
What is Granite Construction's market cap?
Based on its latest closing price, Granite Construction (GVA) has a market capitalization of about $4.95B.
When does Granite Construction's fiscal year end?
Granite Construction's fiscal year end, as registered with the SEC, is December 31.
Where is Granite Construction headquartered?
Granite Construction lists its business address in Watsonville, California in its SEC filings.
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