Is Granite Construction (GVA) overvalued or fairly valued?

MarketChacha shows Granite Construction's valuation in context — a forward P/E of about 13.6, a price-to-book of about 6.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Granite Construction's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (3.06×) from reported figures — education, not a rating.

What is Granite Construction's revenue?

Granite Construction reported revenue of $4.4B for FY2025, with net profit of $193.0M, per official filings.

What is the share price of Granite Construction (GVA)?

Granite Construction last traded at $109.05 (-2.4% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Granite Construction

GVA · NYSE · Industrials · United States

Snapshot

TickerGVA

ExchangeNYSE

SectorIndustrials

IndustryEngineering & Construction

CountryUnited States

Employees2,500

HeadquartersWatsonville, United States

Websitewww.graniteconstruction.com

Filings tracked22

About Granite Construction

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.

Who owns it

Insiders0.9%
Institutions99.1%
Public & other0.0%

575 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.15.69%
FMR, LLC13.04%
Vanguard Portfolio Management LLC5.58%
State Street Corporation5.32%
Vanguard Capital Management LLC4.50%
First Trust Advisors LP3.02%
Geode Capital Management, LLC2.91%
Frontier Capital Management Company LLC2.56%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion3.06×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend1.2% → 4.4%

Margin has expanded by about 3.1 points — the business is getting more profitable.

Return on equity16.4%

Latest ROE of 16.4% — capital is generating a healthy return.

Growth qualityrev 12% · PAT 110%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $1.3B · EPS 1.51

Est. earnings growth +7.9%

Next fiscal year

Rev $5.9B · EPS 7.95

Est. earnings growth +13.1%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$4.4B

Net margin

4.4%

ROE

16.4%

Revenue CAGR (2y)

+12.3%

Profit CAGR (2y)

+110.4%

EPS (FY2025)

3.86

Net profit (FY2025)

$193.0M

Ask MarketChacha about GVA

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$4.4B	$193.0M	3.86	4.4%	16.4%
FY2024	$4.0B	$126.3M	2.62	3.2%	12.4%
FY2023	$3.5B	$43.6M	0.97	1.2%	4.5%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$1.5B	$-278.2M	-6.36	-19.1%
2026Q1	$912.5M	$-41.7M	-0.96	-4.6%
2025Q3	$1.4B	$102.9M	1.98	7.2%
2025Q2	$1.1B	$71.7M	1.42	6.4%
2025Q1	$699.5M	$-33.7M	-0.77	-4.8%
2024Q3	$1.3B	$79.0M	1.57	6.2%
2024Q2	$1.1B	$36.9M	0.76	3.4%
2024Q1	$672.3M	$-31.0M	-0.70	-4.6%
2023Q3	$1.1B	$57.6M	1.13	5.2%
2023Q2	$898.6M	$-17.0M	-0.39	-1.9%
2023Q1	$560.1M	$-23.0M	-0.53	-4.1%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Unregistered equity sale, Other events
SEC8/13/2026material
8-K — Executive/director change, Exhibits
SEC8/7/2026material
8-K — Material agreement, Termination of agreement
SEC8/4/2026material
10-Q filing
SEC7/30/2026
8-K — Results of operations, Exhibits
SEC7/30/2026material
8-K — Reg FD disclosure
SEC7/10/2026material
8-K — Shareholder vote results
SEC6/5/2026material
8-K — Material agreement, Material financial obligation, Reg FD disclosure, Exhibits
SEC6/2/2026material
8-K — Reg FD disclosure, Exhibits
SEC5/19/2026material
8-K — Reg FD disclosure, Exhibits
SEC5/18/2026material
8-K — Results of operations, Exhibits
SEC4/30/2026material
10-Q filing
SEC4/30/2026
8-K — Material agreement, Bankruptcy, Unregistered equity sale, Exhibits
SEC2/18/2026material
8-K/A — Material agreement, Termination of agreement, Unregistered equity sale, Exhibits
SEC2/18/2026
10-K filing
SEC2/13/2026
8-K — Results of operations, Exhibits
SEC2/12/2026material

2025

8-K — Results of operations, Exhibits
SEC11/6/2025material
10-Q filing
SEC11/6/2025
8-K — Executive/director change, Exhibits
SEC9/8/2025material
8-K — Results of operations, Exhibits
SEC8/7/2025material
10-Q filing
SEC8/7/2025
8-K — Material agreement, Material financial obligation, Exhibits
SEC8/6/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.