GRANITE CONSTRUCTION INCGVAEarnings & Financial Report
Granite Construction Inc. is a civil construction company and aggregate producer, a member of the S&P 600 Index based and founded in Watsonville, California, and is the parent corporation of Granite Construction Company. The company is both a heavy civil construction contractor and construction aggregate manufacturer, owning or leasing quarries in several Western states for extracting mostly sands, gravel, and crushed stone products. The company was under investigation from the SEC from 2019 ...
Revenue
$1.1B
Gross Profit
$199.1M
Operating Profit
$103.6M
Net Profit
$71.7M
Gross Margin
17.7%
Operating Margin
9.2%
Net Margin
6.4%
YoY Growth
4.0%
EPS
$1.42
GRANITE CONSTRUCTION INC Q2 FY2025 Financial Summary
GRANITE CONSTRUCTION INC reported revenue of $1.1B (up 4.0% YoY) for Q2 FY2025, with a net profit of $71.7M (up 94.3% YoY) (6.4% margin). Cost of goods sold was $926.9M, operating expenses totaled $95.5M.
Key Financial Metrics
| Total Revenue | $1.1B |
|---|---|
| Net Profit | $71.7M |
| Gross Margin | 17.7% |
| Operating Margin | 9.2% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
GRANITE CONSTRUCTION INC Q2 FY2025 revenue of $1.1B breaks down across 7 segments, led by Public at $651.9M (57.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Public | $651.9M | 57.9% |
| Materials | $188.5M | 16.7% |
| Asphalt | $128.6M | 11.4% |
| Performance Obligations | $68.8M | 6.1% |
| Aggregates | $59.6M | 5.3% |
| Dickerson Bowen Inc. | $22.7M | 2.0% |
| Collaborative Arrangement | $6.0M | 0.5% |
GRANITE CONSTRUCTION INC Revenue by Segment — Quarterly Trend
GRANITE CONSTRUCTION INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Public and Materials) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Public | $680.2M | $880.4M | $651.9M | $395.9M |
| Materials | — | — | $188.5M | $84.9M |
| Asphalt | $116.9M | — | $128.6M | $44.0M |
| Performance Obligations | $3.5M | $47.3M | $68.8M | $49.5M |
| Aggregates | $107.9M | $100.8M | $59.6M | $40.4M |
GRANITE CONSTRUCTION INC Annual Revenue by Year
GRANITE CONSTRUCTION INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.4B |
| 2024 | $4.0B |
| 2023 | $3.5B |
| 2022 | $3.3B |
GRANITE CONSTRUCTION INC Quarterly Revenue & Net Profit History
GRANITE CONSTRUCTION INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.2B | +19.2% | $52.0M | 4.5% |
| Q3 FY2025 | $1.4B | +12.4% | $102.9M | 7.2% |
| Q2 FY2025 | $1.1B | +4.0% | $71.7M | 6.4% |
| Q1 FY2025 | $699.5M | +4.1% | $-33.7M | -4.8% |
| Q4 FY2024 | $977.3M | +4.7% | $41.5M | 4.2% |
| Q3 FY2024 | $1.3B | +14.2% | $79.0M | 6.2% |
| Q2 FY2024 | $1.1B | +20.5% | $36.9M | 3.4% |
| Q1 FY2024 | $672.3M | +20.0% | $-31.0M | -4.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $672.3M | $1.08B | $1.28B | $977.3M | $699.5M | $1.13B | $1.43B | $1.17B |
| YoY Growth | 20.0% | 20.5% | 14.2% | 4.7% | 4.1% | 4.0% | 12.4% | 19.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.60B | $2.88B | $3.13B | $3.03B | $2.91B | $3.11B | $4.15B | $4.03B |
| Liabilities | $1.65B | $1.95B | $2.12B | $2.01B | $1.91B | $2.04B | $2.99B | $2.85B |
| Equity | $946.5M | $931.7M | $1.01B | $1.02B | $993.5M | $1.06B | $1.16B | $1.18B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $24.1M | $-2.0M | $261.5M | $172.8M | $3.6M | $1.8M | $284.2M | $179.3M |