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Companies / Industrials / Granite Construction Incorporated
GVA

Granite Construction Incorporated

IndustrialsConstruction
Ticker GVAWATSONVILLE, CAFiscal year ends DecemberBook value per share $17.25Diluted shares 43.6M

Granite Construction Incorporated (NYSE: GVA) delivers infrastructure construction services and produces construction materials for public and private customers, primarily in the United States. Its Construction segment builds and rehabilitates roads, bridges, airports, rail lines, ports, dams, tunnels, water… From the company’s description.

In fiscal 2025, Granite Construction Incorporated reported revenue of $4.42B, up 10.4% from fiscal 2024, and net income of $220.35M. Its operating margin was 6.4%, and operations generated $468.92M in cash. Over the twelve months to Jun 30, 2026, revenue was $4.97B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$4.42BFY2025
+10.4% year over year
Last 12 mo $4.97B
6.38%FY2025
+1.2 percentage points
Last 12 mo 6.33%
$220.35MFY2025
+56.9% year over year
Last 12 mo $-139.64M
16.37%FY2025
+3.9 percentage points
Last 12 mo -21.91%
Cash & financing
$468.92MFY2025
+2.8% year over year
Last 12 mo $605.02M
$330.65MFY2025
+3.3% year over year
Last 12 mo $471.91M
1.14FY2025
Was 0.73× a year earlier
Last 12 mo 2.07
53.1MFY2025
+1.2% year over year
Last 12 mo 43.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Granite Construction Incorporated does

In the company’s own words

Granite Construction Incorporated (NYSE: GVA) delivers infrastructure construction services and produces construction materials for public and private customers, primarily in the United States. Its Construction segment builds and rehabilitates roads, bridges, airports, rail lines, ports, dams, tunnels, water infrastructure, power projects and commercial and industrial sites; it also provides water well drilling, mining and construction management services. Customers include government agencies, municipalities, utilities, developers and industrial, commercial and residential owners. Its Materials segment produces and delivers aggregates, asphalt concrete, liquid asphalt and recycled materials for Granite’s projects and third-party customers, including contractors, landscapers, manufacturers, retailers, homeowners, farmers and brokers. Granite operates across regional markets and national tunnel, federal, industrial and energy businesses, and owns or leases aggregate reserves and processing plants integrated with construction operations. Founded in 1922, the company expanded its vertically integrated Gulf Coast and Mississippi River operations through its 2025 acquisition of Warren Paving. Revenue was $4.4 billion for fiscal 2025, and the company employed approximately 5,800 people at year-end. Its website is www.graniteconstruction.com.

Company details
Sector
Industrials
Industry (SIC)
Construction
Headquarters
WATSONVILLE, CA
Fiscal year end
December
CIK
861459
SIC
1600

Financial performance, year by year

Fiscal 2013–2025 · USD
$-679.52M$860.50M$2.40B$3.94B$5.48B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Granite Construction Incorporated — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

362
funds hold it
0 of 35
superinvestors hold it
$3.85B
held by funds, at market
58.7%
of shares held by funds
3
bond issues held by funds

Largest fund holders · Granite Construction Incorporated’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.37%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
First Trust RBA American Industrial Renaissance ETF
AIRR · First Trust Exchange-Traded Fund VI
1.66%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.22%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.08%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Granite Construction Incorporated’s bonds, as funds hold them

Funds report holding 3 issues of Granite Construction Incorporated’s debt, $304.03M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.25%, maturing 2028 to 2034.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Granite Construction Incorporated and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Granite Construction Incorporated's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Granite Construction Incorporated's last four quarterly filings that the numbers alone won't show?”
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