Symbols / GVA Stock $123.37 +0.64% Granite Construction Incorporated

Industrials • Engineering & Construction • United States • NYQ
GVA (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Engineering & Construction
CEO Mr. Kyle T. Larkin
Exch · Country NYQ · United States
Market Cap 5.40B
Enterprise Value 6.17B
Income 193.00M
Sales 4.42B
FCF (ttm) 184.49M
Book/sh 27.11
Cash/sh 16.91
Employees 2,500
Insider 10d —
IPO Apr 20, 1990
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 13.47%
P/E 31.96
Forward P/E 17.86
PEG 1.96
P/S 1.22
P/B 4.55
P/C —
EV/EBITDA 13.97
EV/Sales 1.40
Quick Ratio 1.08
Current Ratio 1.22
Debt/Eq 122.60
LT Debt/Eq —
EPS (ttm) 3.86
EPS next Y 6.91
EPS Growth 25.10%
Revenue Growth 19.20%
EPS Gr Q/Q 25.40%
Rev Gr Q/Q —
Earnings (next) 2026-04-30
Earnings (prior) 2026-02-12
ROA 4.95%
ROE 19.15%
ROIC —
Gross Margin 16.07%
Oper. Margin 3.38%
Profit Margin 4.36%
Shs Outstand 43.75M
Shs Float 43.15M
Insider Own 1.02%
Instit Own 120.64%
Short Float 14.40%
Short Ratio 7.52
Short Interest 3.93M
52W High 137.24
vs 52W High -10.11%
52W Low 76.57
vs 52W Low 61.12%
Beta 1.31
Impl. Vol. 0.78%
Rel Volume 0.38
Avg Volume 604.47K
Volume 231.51K
Target (mean) $153.25
Tgt Median $160.00
Tgt Low $132.00
Tgt High $161.00
# Analysts 4
Recom None
Prev Close $122.58
Price $123.37
Change 0.64%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$153.25
Mean price target
2. Current target
$123.37
Latest analyst target
3. DCF / Fair value
$75.91
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$123.37
Low
$132.00
High
$161.00
Mean
$153.25

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-13 main DA Davidson Buy → Buy $155
2026-01-28 main Goldman Sachs Neutral → Neutral $124
2025-11-24 init Goldman Sachs — → Neutral $109
2025-11-11 main DA Davidson Buy → Buy $130
2025-05-05 main Goldman Sachs Sell → Sell $76
2024-10-09 main Goldman Sachs Sell → Sell $70
2024-08-02 main Goldman Sachs Sell → Sell $61
2024-04-16 main Goldman Sachs Sell → Sell $50
2024-03-11 main DA Davidson Buy → Buy $64
2024-02-27 main DA Davidson Buy → Buy $64
2023-02-21 main Goldman Sachs — → Sell $36
2022-10-14 main Goldman Sachs — → Sell $28
2021-04-15 up DA Davidson Neutral → Buy $55
2020-03-19 main Goldman Sachs — → Sell $10
2020-03-17 main B. Riley Securities — → Neutral $20
2020-03-03 reit B. Riley Securities — → Neutral $23
2020-01-13 down Goldman Sachs Neutral → Sell $26
2019-10-28 down DA Davidson Buy → Neutral $30
2019-08-08 down Goldman Sachs Buy → Neutral $31
2019-07-30 down B. Riley Securities Buy → Neutral $41
News
RSS: Latest GVA news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-30 LARKIN KYLE T. Chief Executive Officer — 38,675 $115.72 $4,548,598
2026-03-27 DOWD BRIAN R Officer — 6,075 $118.58 $726,124
2026-03-27 WOOLSEY STACI M. Chief Financial Officer — 3,501 $118.58 $415,149
2026-03-19 LARKIN KYLE T. Chief Executive Officer — 7,314 $119.84 $876,510
2026-03-19 WOOLSEY STACI M. Chief Financial Officer — 1,523 $119.84 $182,516
2026-03-13 DOWD BRIAN R Officer — 12,489 $0.00 $0
2026-03-13 WILLIAMS BRADLEY JAY Officer — 11,787 $0.00 $0
2026-03-13 ESTES BRADLY J Officer — 2,901 $0.00 $0
2026-03-13 LARKIN KYLE T. Chief Executive Officer — 87,019 $0.00 $0
2026-03-13 TATUSKO MICHAEL G Officer — 13,896 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
4,424.38
+10.40%
4,007.57
+14.20%
3,509.14
+6.30%
3,301.26
Operating Revenue
4,424.38
+10.40%
4,007.57
+14.20%
3,509.14
+6.30%
3,301.26
Cost Of Revenue
3,713.16
+8.10%
3,434.88
+10.35%
3,112.74
+6.17%
2,931.76
Reconciled Cost Of Revenue
3,713.16
+8.10%
3,434.88
+10.35%
3,112.74
+6.17%
2,931.76
Gross Profit
711.22
+24.19%
572.70
+44.47%
396.40
+7.28%
369.49
Operating Expense
448.98
+20.02%
374.10
+8.53%
344.68
+16.16%
296.73
Selling General And Administration
407.56
+21.97%
334.16
+13.48%
294.47
+8.02%
272.61
Selling And Marketing Expense
—
—
5.96
-30.87%
8.63
General And Administrative Expense
407.56
+21.97%
334.16
+13.48%
294.47
+8.02%
272.61
Salaries And Wages
288.40
+30.05%
221.75
+12.94%
196.36
+6.79%
183.87
Other Gand A
119.16
+6.01%
112.41
+14.57%
98.11
+10.56%
88.74
Other Operating Expenses
41.42
+3.71%
39.94
-20.47%
50.22
+108.20%
24.12
Total Expenses
4,162.14
+9.27%
3,808.97
+10.17%
3,457.42
+7.09%
3,228.49
Operating Income
262.24
+32.04%
198.60
+284.02%
51.72
-28.93%
72.76
Total Operating Income As Reported
282.45
+36.21%
207.36
+159.00%
80.06
-6.23%
85.38
EBITDA
498.48
+41.73%
351.71
+106.18%
170.59
-8.78%
187.01
Normalized EBITDA
478.28
+29.09%
370.50
+91.68%
193.29
+10.84%
174.39
Reconciled Depreciation
162.43
+28.58%
126.33
+36.91%
92.27
+11.75%
82.57
EBIT
336.05
+49.10%
225.38
+187.78%
78.32
-25.01%
104.44
Total Unusual Items
20.21
+207.55%
-18.79
+17.26%
-22.71
-279.96%
12.62
Total Unusual Items Excluding Goodwill
20.21
+207.55%
-18.79
+17.26%
-22.71
-279.96%
12.62
Special Income Charges
20.21
+207.55%
-18.79
+17.26%
-22.71
-279.96%
12.62
Other Special Charges
—
27.55
-46.03%
51.05
—
Write Off
—
—
—
0.00
Net Income
193.00
+52.76%
126.35
+189.79%
43.60
-47.66%
83.30
Pretax Income
288.83
+47.22%
196.19
+227.78%
59.85
-34.81%
91.82
Net Non Operating Interest Income Expense
-20.34
-320.44%
-4.84
-423.70%
-0.92
+84.84%
-6.10
Interest Expense Non Operating
47.22
+61.79%
29.19
+58.10%
18.46
+46.25%
12.62
Net Interest Income
-20.34
-320.44%
-4.84
-423.70%
-0.92
+84.84%
-6.10
Interest Expense
47.22
+61.79%
29.19
+58.10%
18.46
+46.25%
12.62
Interest Income Non Operating
26.88
+10.39%
24.35
+38.84%
17.54
+168.66%
6.53
Interest Income
26.88
+10.39%
24.35
+38.84%
17.54
+168.66%
6.53
Other Income Expense
46.93
+1829.81%
2.43
-73.16%
9.06
-63.97%
25.15
Other Non Operating Income Expenses
11.77
+177.68%
4.24
-29.60%
6.02
+679.40%
-1.04
Tax Provision
68.48
+22.83%
55.75
+84.19%
30.27
+133.54%
12.96
Tax Rate For Calcs
0.00
-16.55%
0.00
+35.24%
0.00
+48.94%
0.00
Tax Effect Of Unusual Items
4.79
+189.75%
-5.34
-11.90%
-4.77
-368.03%
1.78
Net Income Including Noncontrolling Interests
220.35
+56.90%
140.44
+374.68%
29.59
-62.48%
78.86
Net Income From Continuing Operation Net Minority Interest
193.00
+52.76%
126.35
+189.79%
43.60
-47.66%
83.30
Net Income From Continuing And Discontinued Operation
193.00
+52.76%
126.35
+189.79%
43.60
-47.66%
83.30
Net Income Continuous Operations
220.35
+56.90%
140.44
+374.68%
29.59
-62.48%
78.86
Net Income Discontinuous Operations
—
—
—
—
Minority Interests
-27.35
-94.00%
-14.10
-200.61%
14.01
+215.23%
4.45
Normalized Income
177.59
+27.03%
139.80
+127.18%
61.54
-15.08%
72.46
Net Income Common Stockholders
193.00
+52.76%
126.35
+189.79%
43.60
-47.66%
83.30
Diluted EPS
3.86
+47.33%
2.62
+170.10%
0.97
-42.94%
1.70
Basic EPS
4.42
+53.47%
2.88
+190.91%
0.99
-47.06%
1.87
Basic Average Shares
43.65
-0.45%
43.85
-0.08%
43.88
-1.36%
44.48
Diluted Average Shares
53.13
+1.18%
52.51
-0.10%
52.56
+0.46%
52.33
Diluted NI Availto Com Stockholders
193.00
+52.76%
126.35
+189.79%
43.60
-47.66%
83.30
Earnings From Equity Interest
14.96
-11.92%
16.98
-34.05%
25.75
+89.73%
13.57
Gain On Sale Of PPE
20.21
+130.57%
8.76
-69.08%
28.35
+124.67%
12.62
Line Item Trend 2023-12-31
Total Assets
2,813.54
Current Assets
1,643.45
Cash Cash Equivalents And Short Term Investments
624.76
Cash And Cash Equivalents
417.66
Other Short Term Investments
207.10
Receivables
861.69
Accounts Receivable
481.08
Gross Accounts Receivable
600.25
Allowance For Doubtful Accounts Receivable
-1.55
Receivables Adjustments Allowances
-1.55
Other Receivables
382.16
Inventory
103.90
Assets Held For Sale Current
—
Other Current Assets
53.10
Total Non Current Assets
1,170.09
Net PPE
741.04
Gross PPE
1,750.94
Accumulated Depreciation
-1,009.90
Properties
0.00
Land And Improvements
105.87
Buildings And Improvements
102.68
Machinery Furniture Equipment
1,212.29
Other Properties
330.10
Goodwill And Other Intangible Assets
272.33
Goodwill
155.00
Other Intangible Assets
117.32
Investments And Advances
92.91
Long Term Equity Investment
92.91
Other Investments
0.00
Non Current Deferred Assets
8.18
Non Current Deferred Taxes Assets
8.18
Other Non Current Assets
55.63
Total Liabilities Net Minority Interest
1,786.57
Current Liabilities
1,029.88
Payables And Accrued Expenses
563.07
Payables
408.36
Accounts Payable
408.36
Current Accrued Expenses
154.71
Pensionand Other Post Retirement Benefit Plans Current
105.42
Current Debt And Capital Lease Obligation
56.76
Current Debt
39.93
Other Current Borrowings
39.93
Current Capital Lease Obligation
16.83
Current Deferred Liabilities
243.85
Current Deferred Revenue
243.85
Other Current Liabilities
60.79
Total Non Current Liabilities Net Minority Interest
756.69
Liabilities Heldfor Sale Non Current
—
Long Term Debt And Capital Lease Obligation
678.33
Long Term Debt
614.78
Long Term Capital Lease Obligation
63.55
Non Current Deferred Liabilities
3.71
Non Current Deferred Taxes Liabilities
3.71
Other Non Current Liabilities
74.65
Stockholders Equity
977.30
Common Stock Equity
977.30
Capital Stock
0.44
Common Stock
0.44
Preferred Stock
0.00
Share Issued
43.94
Ordinary Shares Number
43.94
Treasury Shares Number
0.00
Additional Paid In Capital
474.13
Retained Earnings
501.84
Gains Losses Not Affecting Retained Earnings
0.88
Minority Interest
49.67
Other Equity Adjustments
0.88
Total Equity Gross Minority Interest
1,026.97
Total Capitalization
1,592.08
Working Capital
613.57
Invested Capital
1,632.01
Total Debt
735.09
Net Debt
237.05
Capital Lease Obligations
80.37
Net Tangible Assets
704.97
Tangible Book Value
704.97
Available For Sale Securities
—
Held To Maturity Securities
—
Investmentin Financial Assets
0.00
Investmentsin Associatesat Cost
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
468.92
+2.76%
456.34
+148.41%
183.71
+230.13%
55.65
Cash Flow From Continuing Operating Activities
468.92
+2.76%
456.34
+148.41%
183.71
+230.13%
55.65
Net Income From Continuing Operations
220.35
+56.90%
140.44
+374.68%
29.59
-62.48%
78.86
Depreciation Amortization Depletion
162.43
+28.58%
126.33
+36.91%
92.27
+11.75%
82.57
Other Non Cash Items
-3.71
-600.67%
0.74
+105.60%
-13.24
+74.14%
-51.20
Stock Based Compensation
39.15
+99.80%
19.59
+87.03%
10.48
+34.93%
7.76
Asset Impairment Charge
—
—
—
0.00
Deferred Tax
23.80
+74.30%
13.65
-48.58%
26.56
+387.53%
5.45
Deferred Income Tax
23.80
+74.30%
13.65
-48.58%
26.56
+387.53%
5.45
Operating Gains Losses
-42.79
-719.38%
6.91
-55.65%
15.57
+339.17%
-6.51
Gain Loss On Sale Of PPE
-20.21
-130.57%
-8.76
+69.08%
-28.35
-124.67%
-12.62
Change In Working Capital
57.44
-49.98%
114.83
+1774.70%
-6.86
+91.48%
-80.50
Change In Receivables
83.30
-8.89%
91.42
+216.60%
-78.41
-45.78%
-53.79
Changes In Account Receivables
-38.71
-137.62%
102.89
+180.32%
-128.10
-314.85%
59.62
Change In Inventory
-0.75
+73.93%
-2.86
-100.14%
-1.43
+90.00%
-14.31
Change In Prepaid Assets
—
0.00
0.00
-100.00%
129.00
Change In Payables And Accrued Expense
2.58
-84.60%
16.74
-81.54%
90.70
+157.30%
-158.28
Change In Accrued Expense
22.95
+40.65%
16.32
-31.64%
23.87
+116.07%
-148.50
Change In Payable
-20.37
-4950.95%
0.42
-99.37%
66.83
+783.45%
-9.78
Change In Account Payable
-20.37
-4950.95%
0.42
-99.37%
66.83
+783.45%
-9.78
Change In Other Current Assets
-27.68
-390.38%
9.53
+153.81%
-17.72
-205.04%
16.87
Investing Cash Flow
-993.72
-334.78%
-228.56
+36.39%
-359.29
-3166.27%
-11.00
Cash Flow From Continuing Investing Activities
-993.72
-334.78%
-228.56
+36.39%
-359.29
-3166.27%
-11.00
Net PPE Purchase And Sale
-105.42
+13.98%
-122.55
-19.83%
-102.28
-7.04%
-95.55
Purchase Of PPE
-138.27
-1.37%
-136.41
+2.83%
-140.38
-15.44%
-121.61
Sale Of PPE
32.84
+137.11%
13.85
-63.65%
38.11
+46.21%
26.06
Capital Expenditure
-138.27
-1.37%
-136.41
+2.83%
-140.38
-15.44%
-121.61
Net Investment Purchase And Sale
-113.15
-518.70%
27.02
-10.70%
30.26
+161.62%
-49.10
Purchase Of Investment
-238.37
-2071.55%
-10.98
-12.70%
-9.74
+89.65%
-94.10
Sale Of Investment
125.22
+229.54%
38.00
-5.00%
40.00
-11.11%
45.00
Net Business Purchase And Sale
-777.52
-478.68%
-134.36
+54.30%
-294.02
-309.15%
140.58
Purchase Of Business
-777.52
-478.68%
-134.36
+54.30%
-294.02
0.00
Net Other Investing Changes
2.37
+77.30%
1.33
-80.20%
6.74
+197.39%
-6.92
Financing Cash Flow
475.69
+808.72%
-67.12
-122.43%
299.25
+282.13%
-164.31
Cash Flow From Continuing Financing Activities
475.69
+808.72%
-67.12
-122.43%
299.25
+282.13%
-164.31
Net Issuance Payments Of Debt
598.89
+846.83%
63.25
-83.07%
373.63
+597.09%
-75.16
Issuance Of Debt
685.00
+83.28%
373.75
-44.94%
678.75
+1257.50%
50.00
Repayment Of Debt
-86.11
+72.27%
-310.50
-1.76%
-305.12
-143.77%
-125.16
Long Term Debt Issuance
685.00
+83.28%
373.75
-44.94%
678.75
+1257.50%
50.00
Long Term Debt Payments
-86.11
+72.27%
-310.50
-1.76%
-305.12
-143.77%
-125.16
Net Long Term Debt Issuance
598.89
+846.83%
63.25
-83.07%
373.63
+597.09%
-75.16
Net Common Stock Issuance
-48.21
+4.79%
-50.63
-1127.72%
-4.12
+94.18%
-70.90
Common Stock Payments
-48.21
+4.79%
-50.63
-1127.72%
-4.12
+94.18%
-70.90
Common Stock Dividend Paid
—
-22.81
-0.01%
-22.81
+1.98%
-23.27
Cash Dividends Paid
-22.72
+0.41%
-22.81
-0.01%
-22.81
+1.98%
-23.27
Repurchase Of Capital Stock
-48.21
+4.79%
-50.63
-1127.72%
-4.12
+94.18%
-70.90
Proceeds From Stock Option Exercised
0.00
+100.00%
-46.05
+13.18%
-53.03
0.00
Net Other Financing Charges
-52.27
-380.29%
-10.88
-294.56%
5.59
+11.37%
5.02
Changes In Cash
-49.11
-130.57%
160.67
+29.91%
123.67
+203.35%
-119.66
Beginning Cash Position
578.33
+38.47%
417.66
+42.07%
293.99
-28.93%
413.65
End Cash Position
529.22
-8.49%
578.33
+38.47%
417.66
+42.07%
293.99
Free Cash Flow
330.65
+3.35%
319.94
+638.49%
43.32
+165.68%
-65.97
Interest Paid Supplemental Data
36.11
+38.51%
26.07
+66.70%
15.64
+35.87%
11.51
Income Tax Paid Supplemental Data
—
31.94
+107.65%
15.38
+308.20%
3.77
Dividend Received CFO
12.24
-63.83%
33.84
+15.34%
29.34
+52.61%
19.22
Earnings Losses From Equity Investments
-22.58
-90.07%
-11.88
-66.60%
-7.13
-216.81%
6.11
Sale Of Business
—
0.00
0.00
-100.00%
140.58
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
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