Granite Construction Incorporat (GVA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Granite Construction Incorporat

NYSE•Industrials•Engineering & Construction

$133.31+4.40(0.03%)Pre-market

Market Cap

$5.87B

P/S

1.1x

P/B

6.2x

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.

How this company scores

WeakMetricSide Score: 53/100

Grade capped at D — Interest coverage below 1× (0.8x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (22/25); weakest: Balance Sheet & Red Flags (6/25).

Profitability9/25

Growth16/25

Balance Sheet & Red Flags6/25

Cash & Earnings Quality22/25

Strengths

Growing revenueRising free cash flowCash-backed earningsConsistent growth

Grade capped at D

Interest coverage below 1× (0.8x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 27.4x5y range 17.8x – 173.7x

Currently near its 18-quarter median.

P/S · 1.1x5y range 0.4x – 1.4x

Currently above its 20-quarter median.

P/B · 6.2x5y range 1.2x – 9.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Leverage Risk

Watch

Debt-to-equity has risen 48.5% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $5.87B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $5.30B
Q. Revenue: $1.77B
TTM EBITDA: $583.58M
TTM Op. Income: $394.99M
Q. Op. Income: $224.34M
TTM Net Income: $-264.62M
Q. Net Income: $3.21M
EPS: $0.07
Shares Out.: $44.02M

$5.30B in TTM revenue grew 25.1% YoY, reaching $1.77B last quarter. TTM EBITDA of $583.58M and TTM operating income of $394.99M show growth is flowing through to the bottom line. However, net income is negative at $264.62M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 19.0%
EBITDA Margin: 15.6%
Op. Margin: 12.7%
Net Margin: 0.2%

Op. margin of 12.7% is up 2.7% YoY — cost efficiency is improving. Net margin at 0.2% and gross margin of 19.0% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.1x
P/B Ratio: 6.2x

P/S of 1.1x and P/B of 6.2x. P/S is low relative to typical market levels. Across the last 6 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.47B
Cash: $480.29M
Long-Term Debt: $1.17B
Book Value: $945.99M
D/E Ratio: 1.2
Debt/EBITDA: 4.3

With $4.47B in assets and $1.17B in long-term debt, D/E is 1.2and book value is $945.99M — moderate leverage. Over the past year, debt/equity is up 48% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $262.73M
TTM Free Cash Flow: $443.15M
FCF Margin: 8.4%
FCF / Net Income: -1.7

TTM FCF of $443.15M on $262.73M in operating cash flow. The FCF / Net Income ratio of -1.7x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 28% — a weakening trend.