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Friday 6 November 2026
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Granite Construction Incorporated
GVA Industrials Engineering & Construction
Granite Construction Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $4.4 billion, up 10.4% from fiscal 2024.
- Revenue
- +23.2%
- EPS
- −97.0%
- Free cash flow
- −9.92%
- Total debt
- +16.3%
Quarter to September 2026, against a year earlier
121.19
11.20
−8.46%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
26.16 | 30.24 | 51.40 | 17.42 | 184.29 | 0.00 | 0.00 | 453.09 | 37.21 | 38.58 |
Piotroski F-Score |
6 | 7 | 5 | 6 | 6 | 6 | 3 | 4 | 5 | 5 |
P/S ratio |
1.14 | 0.96 | 0.63 | 0.47 | 0.51 | 0.34 | 0.44 | 0.53 | 0.86 | 0.87 |
Altman Z-Score |
2.77 | 3.29 | 2.60 | 3.06 | 2.74 | 2.31 | 2.28 | 2.98 | 4.37 | 4.22 |
Altman Z″-Score (non-manufacturers) |
2.09 | 3.18 | 2.81 | 3.53 | 3.29 | 2.30 | 3.00 | 3.76 | 4.80 | 5.05 |
P/FCF ratio |
13.85 | 11.52 | 27.14 | 0.00 | 80.83 | 6.35 | 30.89 | 0.00 | 28.71 | 0.00 |
Beneish M-Score |
(2.54) | (3.17) | (2.43) | (2.15) | (2.72) | (3.74) | (2.31) | (2.37) | (2.49) | (2.32) |
P/Operating CF |
28.08 | 22.26 | 14.78 | 22.17 | (46.64) | 9.39 | 9.34 | 24.49 | 31.22 | 23.58 |
Dividend Safety Score |
82 | — | — | — | — | — | — | — | — | — |
P/B ratio |
4.12 | 3.56 | 2.15 | 1.58 | 1.78 | 1.23 | 1.09 | 1.36 | 2.57 | 2.37 |
Price to Tangible BV |
7.85 | 5.22 | 2.93 | 1.71 | 1.88 | 1.30 | 1.41 | 1.70 | 2.71 | 2.51 |
EV/Sales |
1.31 | 1.00 | 0.69 | 0.46 | 0.49 | 0.32 | 0.47 | 0.56 | 0.83 | 0.86 |
EV/EBITDA |
12.85 | 11.83 | 13.80 | 8.89 | 11.98 | 0.00 | 16.68 | 15.32 | 19.17 | 13.86 |
EV/Operating CF |
12.31 | 8.76 | 13.13 | 27.20 | 78.26 | 4.22 | 12.23 | 21.23 | 16.89 | 29.70 |
EV/FCF |
15.88 | 11.98 | 29.61 | (37.93) | 78.29 | 5.90 | 32.67 | (216.49) | 27.84 | (445.36) |
Quick Ratio |
0.83 | 1.06 | 1.02 | 1.00 | 0.80 | 0.91 | 0.99 | 1.07 | 1.19 | 1.27 |
Current Ratio |
1.22 | 1.66 | 1.60 | 1.69 | 1.71 | 1.54 | 1.64 | 1.82 | 1.88 | 2.06 |
Net Debt/EBITDA |
1.64 | 0.45 | 1.15 | (0.26) | (0.39) | 2.36 | 0.91 | 0.66 | (0.60) | (0.06) |
Debt/Assets |
33.23% | 24.43% | 23.27% | 13.30% | 13.62% | 14.24% | 14.56% | 15.76% | 11.99% | 14.09% |
Debt/Equity |
1.10 | 0.68 | 0.64 | 0.29 | 0.34 | 0.34 | 0.31 | 0.30 | 0.23 | 0.26 |
Asset Turnover |
1.25 | 1.37 | 1.41 | 1.42 | 1.44 | 1.46 | 1.18 | 1.53 | 1.64 | 1.50 |
Operating CF/Net income |
2.43 | 3.61 | 4.21 | 0.67 | 2.17 | (1.85) | (1.85) | 148.44 | 4.29 | 1.28 |
Capex/Depreciation |
(0.63) | (0.94) | (1.08) | (1.12) | 0.00 | (0.63) | (0.56) | (0.85) | (0.87) | (1.21) |
Interest Coverage |
5.98 | 7.10 | 4.34 | 6.76 | 1.19 | (6.54) | (2.31) | 0.56 | 5.79 | 7.47 |
| 16.78% | 12.00% | 4.33% | 8.41% | 1.02% | (13.37%) | (4.88%) | 0.05% | 3.56% | 6.37% | |
| 5.47% | 4.33% | 1.75% | 3.57% | 0.41% | (5.94%) | (2.44%) | 0.03% | 1.89% | 3.40% | |
ROIC |
9.00% | 10.51% | 4.07% | 5.68% | 1.64% | (10.93%) | (2.08%) | 0.38% | 4.27% | 6.32% |
Return on Tangible Assets |
12.13% | 9.02% | 3.42% | 7.87% | 0.85% | (15.55%) | (5.59%) | 0.05% | 3.47% | 5.92% |
Average Days of Receivables |
52.01 | 46.61 | 62.27 | 51.30 | 48.42 | 44.83 | 68.55 | 53.83 | 59.20 | 60.87 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
9.21% | 8.34% | 8.39% | 8.26% | 8.65% | 8.88% | 8.17% | 8.30% | 7.45% | 8.64% |
Intangible Assets out of Total Assets |
0.14 | 0.11 | 0.10 | 0.03 | 0.02 | 0.02 | 0.11 | 0.11 | 0.03 | 0.03 |
Share Based Compensation of Revenue |
0.88% | 0.49% | 0.30% | 0.24% | 0.18% | 0.18% | 0.35% | 0.45% | 0.53% | 0.53% |
Graham Net Nets |
(0.20) | (0.06) | (0.06) | 0.11 | 0.19 | 0.05 | 0.04 | 0.12 | 0.14 | 0.13 |
Graham Number |
52.70 | 40.08 | 22.72 | 31.66 | 10.14 | 0.00 | 0.00 | 7.69 | 31.07 | 27.39 |
Earnings Yield |
3.82% | 3.31% | 1.95% | 5.74% | 0.54% | (11.94%) | (4.40%) | 0.22% | 2.69% | 2.59% |
Free Cash Flow Yield |
7.22% | 8.68% | 3.68% | (2.56%) | 1.24% | 15.75% | 3.24% | (0.48%) | 3.48% | (0.22%) |
Revenue per Share |
101.36 | 91.40 | 79.97 | 74.21 | 76.48 | 78.10 | 62.61 | 75.45 | 74.34 | 63.57 |
Operating CF per Share |
10.74 | 10.41 | 4.19 | 1.25 | 0.48 | 5.89 | 2.39 | 1.98 | 3.67 | 1.85 |
Capex per Share |
(2.42) | (2.80) | (2.33) | (2.15) | 0.00 | (1.68) | (1.50) | (2.18) | (1.44) | (1.97) |
Free Cash Flow per Share |
8.33 | 7.61 | 1.86 | (0.90) | 0.48 | 4.21 | 0.90 | (0.19) | 2.23 | (0.12) |
Cash per Share |
13.75 | 13.36 | 10.34 | 7.49 | 8.64 | 9.32 | 6.23 | 6.95 | 7.58 | 6.43 |
Shareholders Equity per Share |
27.99 | 24.62 | 23.40 | 22.15 | 21.74 | 21.74 | 25.31 | 29.60 | 24.95 | 23.32 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
27.99 | 24.62 | 23.40 | 22.15 | 21.74 | 21.74 | 25.31 | 29.60 | 24.95 | 23.32 |
Free Cash Flow |
363.49 | 333.79 | 81.43 | (39.90) | 21.92 | 191.91 | 41.70 | (8.47) | 88.70 | (4.88) |
Working Capital |
330.49 | 684.70 | 613.57 | 549.70 | 758.08 | 511.99 | 534.89 | 603.07 | 576.80 | 559.06 |
Capital Expenditures |
(105.42) | (122.55) | (102.27) | (95.55) | (0.01) | (76.55) | (69.74) | (94.86) | (57.49) | (78.02) |
Net Current Asset Value |
(996.63) | (229.63) | (143.12) | 164.51 | 328.04 | 66.86 | 53.27 | 202.71 | 352.91 | 278.13 |
EV/EBIT |
20.44 | 19.29 | 30.12 | 17.72 | 69.43 | 0.00 | 0.00 | 223.26 | 39.50 | 23.52 |
Capex to Sales |
0.02 | 0.03 | 0.03 | 0.03 | 0.00 | 0.02 | 0.02 | 0.03 | 0.02 | 0.03 |
Price to Operating Income |
17.83 | 18.55 | 27.61 | 18.25 | 71.69 | 0.00 | 0.00 | 213.57 | 40.74 | 23.63 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.13 | 0.18 | 0.14 | 0.17 | 0.27 | 0.29 | 0.23 | 0.20 | 0.16 | 0.16 |
Cash ROIC |
11.50% | 13.88% | 3.81% | (2.48%) | 1.27% | 10.93% | 2.28% | (0.43%) | 5.84% | (0.34%) |
Accounts Receivable Turnover |
7.75 | 7.22 | 6.60 | 7.11 | 7.76 | 7.23 | 5.65 | 6.82 | 6.58 | 6.62 |
Accounts Payable Turnover |
8.87 | 8.42 | 8.38 | 8.90 | 9.72 | 8.91 | 8.29 | 11.94 | 12.27 | 12.41 |
Inventory Turnover |
29.55 | 32.39 | 32.64 | 39.41 | 50.46 | 42.52 | 30.70 | 39.07 | 45.52 | 39.95 |
Average Days of Payables |
42.30 | 43.27 | 47.88 | 41.63 | 37.71 | 36.45 | 53.68 | 31.74 | 32.37 | 32.82 |
Days of Inventory on Hand |
14.07 | 11.50 | 12.18 | 10.81 | 7.20 | 7.09 | 11.91 | 10.96 | 8.51 | 9.11 |
Average Receivables |
571.07 | 555.22 | 531.35 | 464.29 | 451.07 | 492.49 | 516.09 | 482.27 | 449.57 | 380.08 |
Average Payables |
418.76 | 407.79 | 371.38 | 329.35 | 322.83 | 361.06 | 328.77 | 247.22 | 218.35 | 178.30 |
Average Inventory |
125.65 | 106.04 | 95.35 | 74.39 | 62.22 | 75.68 | 88.75 | 75.56 | 58.87 | 55.40 |
Average Assets |
3,528.02 | 2,919.60 | 2,490.74 | 2,331.43 | 2,437.46 | 2,441.04 | 2,464.62 | 2,149.56 | 1,802.72 | 1,680.17 |
Average Common Equity |
1,150.45 | 1,053.16 | 1,006.06 | 990.35 | 993.59 | 1,085.01 | 1,233.89 | 1,141.08 | 957.70 | 896.36 |
Columns are period end dates · fundamentals updated 5 Nov 2026