Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026
Basics
Sector
Industrials
Industry
Engineering & Construction
Country
United States
Market cap
5.9B USD
Enterprise value
5.5B USD
Full-time employees
2,500
Overall health
Strength:growing faster than most peersgrowing faster than peers
Drawback:less profitable than most peersless profitable than peers
Drawback:higher risk than most peers: its share price swings more than most peers’ (beta 1.35 vs a peer median of 0.64), less short-term liquidity (current ratio 1.01 vs a peer median of 1.62) and more debt relative to equity (2.07× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.35 vs peers 0.64), less liquidity (current ratio 1.01 vs peers 1.62) and more debt vs equity (2.07× vs peers 0.40×)
About average: valuation
Ranks #1,755 of 2,308 industrials companies (bottom 25%)
Buybacks largely absorbed by stock pay. Stock-based pay expense $69M vs $103M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed +0.0% from December 2022 to July 2026.
Over three fiscal years Granite Construction recorded $69M of stock-based pay expense and spent $103M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). The share count barely moved (+0.0%), so much of the repurchasing offset new employee shares rather than shrinking the count.Over three fiscal years Granite Construction recorded $69M of stock-based pay expense and spent $103M repurchasing shares. The share count barely moved (+0.0%), so much of the repurchasing offset new employee shares rather than shrinking the count.
Earnings slid into a loss. Loss per share this year after a profit last year.
Granite Construction made a loss per share in its latest year after a profit the year before.
Much more borrowing than peers.Debt is 2.1× equity vs a peer median of 0.4×.Debt is 2.1× equity vs peers 0.4×.
Debt is 2.1× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 2.1× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.
Operating margin at a 6-year high.6.4% in 2025, the best of the last 6 years.
Granite Construction kept 6.4% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.
StockQuotient Score
37/ 100▼ 2 since Oct 27 closeOct 5 39 → Nov 4 37 (-2)
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 54 → 46
Share price +20.7%-8
Company's reported figures updated+1
Peer companies moved-1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Sector-normalized EBITDA, earnings, and free cash flow yields.
Earnings yield-2.8%
SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.28Sector median: 0.0377 · MAD: 0.0294
EBITDA yield7.7%
SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.18Sector median: 0.0695 · MAD: 0.0425
Free cash flow yield8.1%
SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 1.19Sector median: 0.0370 · MAD: 0.0370
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Granite Construction
Is Granite Construction getting weaker?
Its latest SEC filing (Jul 30, 2026) got weaker in some ways: turned to a loss over the last 12 months; debt up 26%, now more than its cash and investments. Its overall score is 37/100, down 2 since Oct 28, 2026.
How is Granite Construction valued vs its peers?
Priced about in line with its peers. Valuation scores 46/100 against 2,459 industrials peers.Free cash flow yield 8.1% vs a peer median of 3.7% (stronger than 76% of peers).Free cash flow yield 8.1% vs peers 3.7% (stronger than 76% of peers).Earnings yield -2.8% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -2.8% vs peers 3.8% (weaker than 100% of peers).
Is Granite Construction growing?
Yes, faster than most of its peers. Growth scores 66/100 against 2,459 industrials peers.Revenue growth 21.8% vs a peer median of 4.4% (stronger than 88% of peers).Revenue growth 21.8% vs peers 4.4% (stronger than 88% of peers).
How profitable is Granite Construction?
Less profitable than most of its peers. Profitability scores 34/100 against 2,459 industrials peers.Return on invested capital 17.3% vs a peer median of 7.1% (stronger than 82% of peers).Return on invested capital 17.3% vs peers 7.1% (stronger than 82% of peers).Return on assets -3.5% vs a peer median of 3.1% (weaker than 92% of peers).Return on assets -3.5% vs peers 3.1% (weaker than 92% of peers).
How risky is Granite Construction?
Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings.Debt / equity 2.07× vs a peer median of 0.40× (weaker than 91% of peers).Debt / equity 2.07× vs peers 0.40× (weaker than 91% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Jul 30, 2026 · compared with the quarter ended Mar 31, 2026
Got weaker
Turned to a loss over the last 12 months
Debt up 26%, now more than its cash and investments
Previous quarter
Latest quarter
Change
Revenue (12 months)
4.6B USD
5.0B USD
+7.1%
Net income (12 months)
185.0M USD
−164.9M USD
turned negative
Operating margin
6.3%
6.3%
+0.1 pts
Free cash flow (12 months)
302.2M USD
471.9M USD
+56.2%
Debt
1.2B USD
1.6B USD
+25.6%
Cash
265.7M USD
877.1M USD
+230.1%
Shares outstanding
43.7M
43.8M
+0.0%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Industrials · 318 companies
Valuations in Industrials are near the top of their range since 2016.
85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.
2016Shaded: most expensive fifth of its range2026
Shown for Industrials: too few Engineering & Construction companies have a long enough history of their own.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
10.4%
11.2%
11.3%
14.3%
16.1%
▲ 1.8 pts
Operating margin
0.7%
2.6%
2.3%
5.2%
6.4%
▲ 1.2 pts
Net margin
0.3%
2.5%
1.2%
3.2%
4.4%
▲ 1.2 pts
Return on assets (ROA)
0.4%
3.8%
1.5%
4.2%
4.8%
▲ 0.6 pts
Return on equity (ROE)
1.0%
8.7%
4.5%
12.4%
16.4%
▲ 3.9 pts
Free cash flow margin
-2.1%
-2.0%
1.2%
8.0%
7.5%
▼ 0.5 pts
Current ratio
1.71×
1.69×
1.60×
1.66×
1.22×
▼ 26%
Quick ratio
1.65×
1.58×
1.49×
1.56×
1.13×
▼ 28%
Debt to equity
0.35×
0.30×
0.67×
0.73×
1.14×
▲ 56%
Interest coverage
1.19×
6.76×
4.34×
7.10×
5.98×
▼ 16%
GVA price history
Price history is added with the daily price update and will appear after the next one.