Stocktoria

GRANITE CONSTRUCTION INC GVA

NYSE · stock · Heavy Construction Other Than Bldg Const - Contractors · website · IPO 1990-04-20 · LEI

GRANITE CONSTRUCTION INC statistics & valuation

Market cap$7.0B
P / E36.4×
P / S1.6×
P / B5.7×
P / FCF21.2×
Dividend yield0.32%
Net margin4.4%
Return on equity15.8%
FCF margin7.5%
Net debt$809.9M
Net debt / EBITDA1.8×
Enterprise value USD$7.8B
EV / EBITDA17.6×
Earnings yield EBIT/EV3.6%
Return on capital11.1%
Graham number -64.6%$44.68

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($44.68); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.30% 1.10% 0.00% -2.10% -4.10% 0.30% 2.50% 1.20% 3.20% 4.40% 2016201720182019202020212022202320242025
Gross margin (%)
12.00% 9.30% 10.20% 6.50% 9.70% 10.40% 11.20% 11.30% 14.30% 16.10% 2016201720182019202020212022202320242025
Operating margin (%)
3.70% 2.10% 0.20% -1.40% -4.40% 0.70% 2.60% 2.30% 5.20% 6.40% 2016201720182019202020212022202320242025
Return on equity (%)
6.40% 3.60% 0.00% -5.10% -14.60% 1.00% 8.50% 4.20% 11.70% 15.80% 2016201720182019202020212022202320242025
Shares outstanding
40.2M 39.9M 46.7M 46.6M 45.7M 47.6M 52.3M 52.6M 52.5M 53.1M 2016201720182019202020212022202320242025
Net debt ($)
$40.2M -$55.3M $109.6M $112.0M -$86.5M -$55.7M -$5.6M $237.1M $160.7M $809.9M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.30% 1.80% 0.00% -2.40% -6.10% 0.40% 3.80% 1.50% 4.20% 4.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-0.70% 2.60% -0.80% 0.20% 4.90% -2.10% -2.00% 1.20% 8.00% 7.50% 2016201720182019202020212022202320242025
Debt / equity (×)
0.26× 0.19× 0.30× 0.31× 0.34× 0.34× 0.29× 0.64× 0.68× 1.10× 2016201720182019202020212022202320242025
EPS ($)
$1.42 $0.84 $0.01 -$1.29 -$3.18 $0.21 $1.70 $0.97 $2.62 $3.86 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

GRANITE CONSTRUCTION INC trades at about 32.7× earnings — below its 10-year norm (10-year range 25×–4322×, median 46.5×).

25× 4322×

Shaded band = 10-year range (25×–4322×); dot = today's 32.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin16.1%14.3%11.3%11.2%10.4%9.7%6.5%10.2%9.3%12.0%
Operating margin6.4%5.2%2.3%2.6%0.7%-4.4%-1.4%0.2%2.1%3.7%
Net margin4.4%3.2%1.2%2.5%0.3%-4.1%-2.1%0.0%1.1%2.3%
FCF margin7.5%8.0%1.2%-2.0%-2.1%4.9%0.2%-0.8%2.6%-0.7%
Return on assets4.8%4.2%1.5%3.8%0.4%-6.1%-2.4%0.0%1.8%3.3%
Return on equity15.8%11.7%4.2%8.5%1.0%-14.6%-5.1%0.0%3.6%6.4%
Debt / equity1.10×0.68×0.64×0.29×0.34×0.34×0.31×0.30×0.19×0.26×
Current ratio1.221.661.601.691.711.541.641.821.882.05

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.