Company research
GRANITE CONSTRUCTION INC
CIK 861459Updated Sep 24, 2026
SecurityGVA · NYSE · equity
GVA price & chart
Loading TradingView…
NYSE:GVA on TradingView ↗In the news
No coverage from other publishers is available.
Recent filings
SD filing
Unregistered Sales of Equity Securities · Other Events
Items 3.02, 8.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
Entry into a Material Definitive Agreement · Termination of a Material Definitive Agreement
Items 1.01, 1.02
10-Q filing
Show 5 more recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
Regulation FD Disclosure
Items 7.01
11-K filing
4 filing
4 filing
Financials
FY 2025 · USDSource
Source
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 4,030,393,000Source | 3,025,655,000Source | 2,813,540,000Source | 2,263,279,000Source |
| Property, Plant and Equipment, NetUSD | 1,260,823,000Source | 716,184,000Source | 662,864,000Source | 450,250,000Source |
| GoodwillUSD | 400,814,000Source | 214,465,000Source | 155,004,000Source | 53,715,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 179,548,000Source | 127,886,000Source | 117,322,000Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 529,220,000Source | 578,330,000Source | 417,663,000Source | 360,911,000Source |
| Inventory, NetUSD | 143,129,000Source | 108,175,000Source | 103,898,000Source | 74,356,000Source |
| Assets, CurrentUSD | 1,812,231,000Source | 1,716,663,000Source | 1,643,451,000Source | 1,573,864,000Source |
| Operating Lease, Right-of-Use AssetUSD | 152,678,000Source | 89,791,000Source | 78,176,000Source | 48,920,000Source |
| Other Assets, NoncurrentUSD | 78,001,000Source | 66,635,000Source | 55,634,000Source | 65,888,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 435,000Source | 434,000Source | 439,000Source | 454,000Source |
| Retained Earnings (Accumulated Deficit)USD | 774,641,000Source | 604,635,000Source | 501,844,000Source | 388,756,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 1,581,000Source | -582,000Source | 881,000Source | 1,573,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,179,048,000Source | 1,015,226,000Source | 977,298,000Source | 906,045,000Source |
| Additional Paid in Capital, Common StockUSD | 402,391,000Source | 410,739,000Source | 474,134,000Source | 515,262,000Source |
| Liabilities and EquityUSD | 4,030,393,000Source | 3,025,655,000Source | 2,813,540,000Source | 2,263,279,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,481,745,000Source | 1,031,959,000Source | 1,029,883,000Source | 935,666,000Source |
| Operating Lease, Liability, CurrentUSD | 32,726,000Source | 20,165,000Source | 16,826,000Source | — |
| Accounts Payable, CurrentUSD | 430,298,000Source | 407,223,000Source | 408,363,000Source | 285,390,000Source |
| Operating Lease, Liability, NoncurrentUSD | 125,733,000Source | 73,638,000Source | 63,548,000Source | 32,682,000Source |
| Deferred Income Tax Liabilities, NetUSD | 141,489,000Source | 13,874,000Source | 3,708,000Source | — |
| Other Liabilities, NoncurrentUSD | 96,660,000Source | 88,882,000Source | 74,654,000Source | 62,493,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 42,485,000Source | 64,137,000Source | 49,668,000Source | 35,844,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 141,489,000Source | 13,874,000Source | — | — |
| Dividends PayableUSD | 5,655,000Source | 5,652,000Source | 5,713,000Source | — |
| Long-term Debt, Current MaturitiesUSD | 375,896,000Source | 1,109,000Source | 39,932,000Source | 8,735,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 963,233,000Source | 737,939,000Source | 614,781,000Source | 290,549,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 220,351,000Source | 140,443,000Source | 29,587,000Source | 78,857,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 162,433,000Source | 126,331,000Source | 92,270,000Source | 82,569,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 39,150,000Source | 19,595,000Source | 10,477,000Source | 7,765,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | 746,000Source | 2,862,000Source | 1,430,000Source | 14,307,000Source |
| Increase (Decrease) in Accounts PayableUSD | -20,374,000Source | 420,000Source | 66,828,000Source | -9,778,000Source |
| Deferred Income Tax Expense (Benefit)USD | 23,800,000Source | 13,655,000Source | 26,556,000Source | 5,447,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 468,916,000Source | 456,343,000Source | 183,707,000Source | 55,647,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 294,018,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -993,721,000Source | -228,556,000Source | -359,290,000Source | -11,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -2,367,000Source | -1,335,000Source | -5,198,000Source | -630,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 138,270,000Source | 136,405,000Source | 140,384,000Source | 121,612,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 48,208,000Source | 50,631,000Source | 4,124,000Source | 70,898,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 475,695,000Source | -67,120,000Source | 299,255,000Source | -164,311,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 22,719,000Source | 22,813,000Source | 22,811,000Source | 23,271,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | 436,000Source | 1,676,000Source | 583,000Source | 439,000Source |
| Repayments of Long-term DebtUSD | 86,113,000Source | 310,498,000Source | 305,118,000Source | 125,164,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -49,110,000Source | 160,667,000Source | 123,672,000Source | -119,664,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 36,113,000Source | 26,072,000Source | 15,640,000Source | 11,511,000Source |
| Income Taxes Paid, NetUSD | 49,044,000Source | 31,938,000Source | 15,381,000Source | 3,768,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 4,000,000Source | 3,900,000Source | 3,500,000Source | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | 4,590,000Source | 4,501,000Source | 2,390,000Source | 2,366,000Source |
| Amortization of Intangible AssetsUSD | 14,600,000Source | 14,100,000Source | 2,300,000Source | 2,000,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 1,920,000Source | 1,728,000Source | 1,562,000Source | 1,351,000Source |
| Dividends PayableUSD | 5,655,000Source | 5,652,000Source | 5,713,000Source | 5,687,000Source |
| Gain (Loss) on Disposition of AssetsUSD | 20,207,000Source | 8,764,000Source | 28,346,000Source | 12,617,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 20,207,000Source | 8,764,000Source | 28,346,000Source | 12,617,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | -27,552,000Source | -51,052,000Source | — |
| GoodwillUSD | 400,814,000Source | 214,465,000Source | 155,004,000Source | 73,703,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 14,958,000Source | 16,982,000Source | 25,748,000Source | 13,571,000Source |
| Income Tax Expense (Benefit)USD | 68,476,000Source | 55,749,000Source | 30,267,000Source | 12,960,000Source |
| InterestExpenseNonoperatingUSD | 47,223,000Source | 29,188,000Source | — | — |
| Investment Income, InterestUSD | 26,878,000Source | 24,349,000Source | 17,538,000Source | 6,528,000Source |
| Net Income (Loss) Attributable to ParentUSD | 193,003,000Source | 126,346,000Source | 43,599,000Source | 83,302,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 27,348,000Source | 14,097,000Source | -14,012,000Source | -4,445,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 193,003,000Source | 126,346,000Source | 43,599,000Source | 83,302,000Source |
| Nonoperating Income (Expense)USD | 6,381,000Source | -11,171,000Source | -20,208,000Source | 6,436,000Source |
| Operating Lease, ExpenseUSD | 35,600,000Source | 24,500,000Source | 21,400,000Source | 21,900,000Source |
| Other Nonoperating Income (Expense)USD | 11,768,000Source | 4,238,000Source | 6,020,000Source | -1,039,000Source |
| Other Operating Income (Expense), NetUSD | -41,416,000Source | -39,936,000Source | -50,217,000Source | -24,120,000Source |
| Payments for Repurchase of WarrantsUSD | 0Source | 497,000Source | 13,201,000Source | — |
| Proceeds from Noncontrolling InterestsUSD | 3,345,000Source | 24,000,000Source | 43,300,000Source | 13,150,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 4,424,379,000Source | 4,007,574,000Source | 3,509,138,000Source | 3,301,256,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 4,424,379,000Source | 4,007,574,000Source | 3,509,138,000Source | 3,301,256,000Source |
| Cost of RevenueUSD | 3,713,163,000Source | 3,434,877,000Source | 3,112,739,000Source | 2,931,762,000Source |
| Selling, General and Administrative ExpenseUSD | 407,561,000Source | 334,162,000Source | 294,466,000Source | 272,610,000Source |
| Operating Income (Loss)USD | 282,446,000Source | 207,363,000Source | 80,062,000Source | 85,381,000Source |
| Other Nonoperating Income (Expense)USD | 11,768,000Source | 4,238,000Source | 6,020,000Source | -1,039,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 288,827,000Source | 196,192,000Source | 59,854,000Source | 91,817,000Source |
| Income Tax Expense (Benefit)USD | 68,476,000Source | 55,749,000Source | 30,267,000Source | 12,960,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 27,348,000Source | 14,097,000Source | -14,012,000Source | -4,445,000Source |
| Net Income (Loss) Attributable to ParentUSD | 193,003,000Source | 126,346,000Source | 43,599,000Source | 83,302,000Source |
| Earnings Per Share, BasicUSD per share | 4.42Source | 2.88Source | 0.99Source | 1.87Source |
| Earnings Per Share, DilutedUSD per share | 3.86Source | 2.62Source | 0.97Source | 1.7Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 43,649,000Source | 43,846,000Source | 43,879,000Source | 44,485,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 53,132,000Source | 52,514,000Source | 52,565,000Source | 52,326,000Source |
| Interest Expense (non-operating)USD | 47,223,000Source | 29,188,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 14,600,000Source | 14,100,000Source | 2,300,000Source | 2,000,000Source |
| Business Combination, Acquisition Related CostsUSD | — | — | 5,000,000Source | — |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.52Source | 0.52Source | 0.52Source | 0.52Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 155,520,000Source | 116,670,000Source | 73,546,000Source | 68,336,000Source |
| Gross ProfitUSD | 711,216,000Source | 572,697,000Source | 396,399,000Source | 369,494,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 275,706,000Source | 195,059,000Source | 92,552,000Source | 97,235,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 14,958,000Source | 16,982,000Source | 25,748,000Source | 13,571,000Source |
| Interest ExpenseUSD | — | — | 18,462,000Source | 12,624,000Source |
| Investment Income, InterestUSD | 26,878,000Source | 24,349,000Source | 17,538,000Source | 6,528,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 193,003,000Source | 126,346,000Source | 43,599,000Source | 83,302,000Source |
| Nonoperating Income (Expense)USD | 6,381,000Source | -11,171,000Source | -20,208,000Source | 6,436,000Source |
| Operating Lease, ExpenseUSD | 35,600,000Source | 24,500,000Source | 21,400,000Source | 21,900,000Source |
| Other Operating Income (Expense), NetUSD | -41,416,000Source | -39,936,000Source | -50,217,000Source | -24,120,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 4,424,379,000Source | 4,007,574,000Source | 3,509,138,000Source | 3,301,256,000Source |