Exponent, Inc. (EXPO) vs Granite Construction Incorporated (GVA)

Exponent, Inc. and Granite Construction Incorporated are both Engineering & Construction companies. Granite Construction Incorporated is the larger, with a market value of $4.9B against $3.1B — 1.6× the size. Granite Construction Incorporated has negative trailing earnings, so its P/E is not meaningful; Exponent, Inc. trades at 28.8×. Granite Construction Incorporated grew revenue faster over the last twelve months: 21.8% against 12.8%. Exponent, Inc. has the higher net margin (17.7% vs −3.32%) and the higher return on invested capital (35.9% vs 13.6%). Both pay a dividend; Exponent, Inc. yields more (1.42% vs 1.10%). Across the 22 metrics below, Exponent, Inc. leads on 14 and Granite Construction Incorporated on 8.

Valuation

Metric EXPO GVA Engineering & Construction median
P/E 28.78 n/m 28.59
P/S 4.95 1.01 1.15
P/B 10.84 6.25 3.96
Price to free cash flow 28.82 9.92 25.24
EV/EBITDA 22.22 11.22 14.87
EV/Sales 4.84 1.14 1.42
Earnings yield 3.47% (3.28%) 2.47%
Free cash flow yield 3.47% 10.08% 1.91%

Profitability

Metric EXPO GVA Engineering & Construction median
Gross margin 89.67% 15.64% 18.76%
Operating margin 20.17% 6.33% 6.26%
Net margin 17.67% (3.32%) 2.23%
Free cash flow margin 17.16% 10.22% 1.83%
Return on equity 31.20% (17.18%) 7.90%
Return on assets 15.83% (4.18%) 0.87%
Return on invested capital 35.92% 13.55% 2.52%

Growth

Metric EXPO GVA Engineering & Construction median
Revenue growth (TTM) 12.84% 21.80% 16.67%
EPS growth (last fiscal year) (1.90%) 47.33% —
Revenue growth, 5-year CAGR 7.79% 4.43% 11.76%
Net income growth, 5-year CAGR 5.13% 0.00% 0.00%

Health

Metric EXPO GVA Engineering & Construction median
Debt to equity 0.00 1.94 0.40
Current ratio 1.98 1.01 1.39
Net debt to EBITDA (1.71) 1.64 0.38

Dividend

Metric EXPO GVA Engineering & Construction median
Dividend yield 1.42% 1.10% 0.65%
Payout ratio 0.51 0.54 0.00

Size

Metric EXPO GVA Engineering & Construction median
Market cap 3.06b 4.85b 1.31b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack