GRANITE CONSTRUCTION INC (GVA)
Industrials · Civil construction and construction materials · NYSE
America's largest vertically integrated civil infrastructure contractor, delivering highways, bridges, tunnels, and water systems while operating its own materials production for competitive advantage.
What GRANITE CONSTRUCTION INC does
Granite Construction is one of the largest diversified, vertically integrated civil contractors and construction materials producers in the United States. The company operates two main segments: Construction, which focuses on infrastructure projects including roads, highways, bridges, airports, and tunnels for public and private clients, and Materials, which produces aggregates, asphalt concrete, and recycled materials for internal use and third-party sale. The company maintains regional operations across 11 western states plus operations in the Midwest, Florida, and Texas, and operates national businesses in tunnel work, federal projects, solar construction, and water well drilling.
Themes: ["Civil construction and infrastructure","Highway and transportation infrastructure","Water infrastructure and utilities","Renewable energy construction (solar and battery storage)","Construction materials (aggregates and asphalt)","Public sector construction","Vertical integration in construction"]
Fundamentals
- Price$125.58 as of 2026-07-09 close
- Market cap$5.8B as of 2026-07-10
- 1-year return+33.6% as of 2026-07-09 close
- P/E31.16 as of 2026-07-10
- Net margin+4.0% as of 2026-07-10
- Gross margin+15.9% as of 2026-07-10
- ROE+16.7% as of 2026-07-10
- Debt / equity1.20 as of 2026-07-10
- Revenue growth (YoY)+14.9% as of 2026-07-10
- Revenue CAGR (3y)+10.3% SEC XBRL
- Beta1.33 as of 2026-07-10
Dividend: yield +0.4%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Concentration risk: Caltrans represented 10.1% of total revenue in 2025 and 14.2% in 2024, creating exposure to California public sector budget decisions and project funding","Margin pressure: Net operating loss of $31.1 million in Q1 2026 despite 30% revenue growth YoY, indicating execution or cost management challenges on large projects","Debt management: Current maturities of long-term debt of $379.8 million as of March 31, 2026 alongside operating losses may constrain financial flexibility"]
Competitors & peers
- Kiewit Corporation
- Fluor Corporation (FLR)
- Aecon Group
- AECON (construction)
- Boral Limited
- Martin Marietta Materials (MLM)
- Vulcan Materials (VMC)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.