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

$115.80+1.74(0.02%)Pre-market

Market Cap

$5.07B

P/S

1.0x

P/B

6.7x

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

GoodMetricSide Score: 62/100

Strongest: Cash & Earnings Quality (22/25); weakest: Profitability (11/25).

Profitability11/25

Growth16/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality22/25

Strengths

Growing revenueRising free cash flowLong cash runwayCash-backed earnings

Valuation vs. 5-year range

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

P/E · 27.4x5y range 25.8x – 364.7x

Currently below its 19-quarter median.

P/S · 1.0x5y range 0.8x – 1.3x

Currently near its 20-quarter median.

P/B · 6.7x5y range 3.3x – 6.7x

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 126.8% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $5.07B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $4.97B
Q. Revenue: $1.46B
TTM EBITDA: $500.42M
TTM Op. Income: $314.31M
Q. Op. Income: $126.81M
TTM Net Income: $-164.90M
Q. Net Income: $-278.16M
EPS: $-6.36
Shares Out.: $43.75M

$4.97B in TTM revenue grew 21.8% YoY, reaching $1.46B last quarter. TTM EBITDA of $500.42M and TTM operating income of $314.31M show growth is flowing through to the bottom line. However, net income is negative at $164.90M — 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: 16.4%
EBITDA Margin: 11.9%
Op. Margin: 8.7%
Net Margin: -19.1%

Op. margin of 8.7% is down 0.5% YoY — costs are rising relative to revenue. Net margin at -19.1% and gross margin of 16.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 5% — 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: 1.0x
P/B Ratio: 6.7x

P/S of 1.0x and P/B of 6.7x. P/S is low relative to typical market levels. Across the last 7 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

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

Total Assets: $4.78B
Cash: $877.12M
Long-Term Debt: $1.18B
Book Value: $752.75M
D/E Ratio: 1.6
Debt/EBITDA: 6.8

With $4.78B in assets and $1.18B in long-term debt, D/E is 1.6and book value is $752.75M — moderate leverage. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

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

Op. Cash Flow: $172.42M
TTM Free Cash Flow: $471.91M
FCF Margin: 9.5%
FCF / Net Income: -2.9

TTM FCF of $471.91M on $172.42M in operating cash flow. The FCF / Net Income ratio of -2.9x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 53% — an improving trend.