vs
GRANITE CONSTRUCTION INC（GVA）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
GRANITE CONSTRUCTION INC的季度营收约是Reddit, Inc.的1.6倍（$1.2B vs $725.6M），Reddit, Inc.净利率更高（34.7% vs 4.5%，领先30.2%），Reddit, Inc.同比增速更快（69.7% vs 19.2%），Reddit, Inc.自由现金流更多（$263.6M vs $128.8M），过去两年Reddit, Inc.的营收复合增速更高（72.8% vs 31.7%）
Granite Construction Inc.是美国民用建筑企业及建筑骨料生产商，为标普600指数成分股，创始地及总部位于加利福尼亚州沃森维尔，是Granite Construction Company的母公司。公司主营重型民用建筑承包与建筑骨料生产，在美国西部多州持有或租赁采石场，主要开采砂、砾石、碎石等产品。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
GVA vs RDDT — 直观对比
营收规模更大
GVA
是对方的1.6倍
$725.6M
营收增速更快
RDDT
高出50.4%
19.2%
净利率更高
RDDT
高出30.2%
4.5%
自由现金流更多
RDDT
多$134.9M
$128.8M
两年增速更快
RDDT
近两年复合增速
31.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $725.6M |
| 净利润 | $52.0M | $251.6M |
| 毛利率 | 14.4% | 91.9% |
| 营业利润率 | 6.4% | 31.9% |
| 净利率 | 4.5% | 34.7% |
| 营收同比 | 19.2% | 69.7% |
| 净利润同比 | 25.4% | 254.2% |
| 每股收益（稀释后） | $1.23 | $1.24 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收GVARDDT
| Q4 25 | $1.2B | $725.6M | ||
| Q3 25 | $1.4B | $584.9M | ||
| Q2 25 | $1.1B | $499.6M | ||
| Q1 25 | $699.5M | $392.4M | ||
| Q4 24 | $977.3M | $427.7M | ||
| Q3 24 | $1.3B | $348.4M | ||
| Q2 24 | $1.1B | $281.2M | ||
| Q1 24 | $672.3M | $243.0M |
净利润GVARDDT
| Q4 25 | $52.0M | $251.6M | ||
| Q3 25 | $102.9M | $162.7M | ||
| Q2 25 | $71.7M | $89.3M | ||
| Q1 25 | $-33.7M | $26.2M | ||
| Q4 24 | $41.5M | $71.0M | ||
| Q3 24 | $79.0M | $29.9M | ||
| Q2 24 | $36.9M | $-10.1M | ||
| Q1 24 | $-31.0M | $-575.1M |
毛利率GVARDDT
| Q4 25 | 14.4% | 91.9% | ||
| Q3 25 | 18.2% | 91.0% | ||
| Q2 25 | 17.7% | 90.8% | ||
| Q1 25 | 12.0% | 90.5% | ||
| Q4 24 | 15.4% | 92.6% | ||
| Q3 24 | 15.9% | 90.1% | ||
| Q2 24 | 15.2% | 89.5% | ||
| Q1 24 | 8.1% | 88.6% |
营业利润率GVARDDT
| Q4 25 | 6.4% | 31.9% | ||
| Q3 25 | 10.0% | 23.7% | ||
| Q2 25 | 9.2% | 13.6% | ||
| Q1 25 | -5.7% | 1.0% | ||
| Q4 24 | 6.2% | 12.4% | ||
| Q3 24 | 8.2% | 2.0% | ||
| Q2 24 | 7.9% | -11.0% | ||
| Q1 24 | -6.4% | -242.5% |
净利率GVARDDT
| Q4 25 | 4.5% | 34.7% | ||
| Q3 25 | 7.2% | 27.8% | ||
| Q2 25 | 6.4% | 17.9% | ||
| Q1 25 | -4.8% | 6.7% | ||
| Q4 24 | 4.2% | 16.6% | ||
| Q3 24 | 6.2% | 8.6% | ||
| Q2 24 | 3.4% | -3.6% | ||
| Q1 24 | -4.6% | -236.7% |
每股收益（稀释后）GVARDDT
| Q4 25 | $1.23 | $1.24 | ||
| Q3 25 | $1.98 | $0.80 | ||
| Q2 25 | $1.42 | $0.45 | ||
| Q1 25 | $-0.77 | $0.13 | ||
| Q4 24 | $0.99 | $4.76 | ||
| Q3 24 | $1.57 | $0.16 | ||
| Q2 24 | $0.76 | $-0.06 | ||
| Q1 24 | $-0.70 | $-8.19 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $600.2M | $953.6M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $1.2B | $2.9B |
| 总资产 | $4.0B | $3.2B |
| 负债/权益比越低杠杆越低 | 1.14× | — |
8季度趋势，按日历期对齐
现金及短期投资GVARDDT
| Q4 25 | $600.2M | $953.6M | ||
| Q3 25 | $547.2M | $911.7M | ||
| Q2 25 | $385.3M | $734.1M | ||
| Q1 25 | $422.8M | $635.7M | ||
| Q4 24 | $585.6M | $562.1M | ||
| Q3 24 | $472.4M | $515.9M | ||
| Q2 24 | $377.2M | $468.0M | ||
| Q1 24 | $337.3M | $968.5M |
总债务GVARDDT
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $740.4M | — | ||
| Q1 25 | $739.7M | — | ||
| Q4 24 | $739.0M | — | ||
| Q3 24 | $738.6M | — | ||
| Q2 24 | $738.9M | — | ||
| Q1 24 | $553.2M | — |
股东权益GVARDDT
| Q4 25 | $1.2B | $2.9B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | $1.1B | $2.4B | ||
| Q1 25 | $993.5M | $2.2B | ||
| Q4 24 | $1.0B | $2.1B | ||
| Q3 24 | $1.0B | $2.0B | ||
| Q2 24 | $931.7M | $1.9B | ||
| Q1 24 | $946.5M | $1.8B |
总资产GVARDDT
| Q4 25 | $4.0B | $3.2B | ||
| Q3 25 | $4.1B | $2.9B | ||
| Q2 25 | $3.1B | $2.6B | ||
| Q1 25 | $2.9B | $2.4B | ||
| Q4 24 | $3.0B | $2.3B | ||
| Q3 24 | $3.1B | $2.2B | ||
| Q2 24 | $2.9B | $2.1B | ||
| Q1 24 | $2.6B | $2.0B |
负债/权益比GVARDDT
| Q4 25 | 1.14× | — | ||
| Q3 25 | 1.16× | — | ||
| Q2 25 | 0.70× | — | ||
| Q1 25 | 0.74× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.73× | — | ||
| Q2 24 | 0.79× | — | ||
| Q1 24 | 0.58× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $179.3M | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $128.8M | $263.6M |
| 自由现金流率自由现金流/营收 | 11.0% | 36.3% |
| 资本支出强度资本支出/营收 | 4.3% | 0.4% |
| 现金转化率经营现金流/净利润 | 3.45× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $330.6M | $684.2M |
8季度趋势，按日历期对齐
经营现金流GVARDDT
| Q4 25 | $179.3M | $266.8M | ||
| Q3 25 | $284.2M | $185.2M | ||
| Q2 25 | $1.8M | $111.3M | ||
| Q1 25 | $3.6M | $127.6M | ||
| Q4 24 | $172.8M | $90.0M | ||
| Q3 24 | $261.5M | $71.6M | ||
| Q2 24 | $-2.0M | $28.4M | ||
| Q1 24 | $24.1M | $32.1M |
自由现金流GVARDDT
| Q4 25 | $128.8M | $263.6M | ||
| Q3 25 | $257.5M | $183.1M | ||
| Q2 25 | $-27.0M | $110.8M | ||
| Q1 25 | $-28.6M | $126.6M | ||
| Q4 24 | $144.6M | $89.2M | ||
| Q3 24 | $220.2M | $70.3M | ||
| Q2 24 | $-41.0M | $27.2M | ||
| Q1 24 | $-3.8M | $29.2M |
自由现金流率GVARDDT
| Q4 25 | 11.0% | 36.3% | ||
| Q3 25 | 18.0% | 31.3% | ||
| Q2 25 | -2.4% | 22.2% | ||
| Q1 25 | -4.1% | 32.3% | ||
| Q4 24 | 14.8% | 20.8% | ||
| Q3 24 | 17.3% | 20.2% | ||
| Q2 24 | -3.8% | 9.7% | ||
| Q1 24 | -0.6% | 12.0% |
资本支出强度GVARDDT
| Q4 25 | 4.3% | 0.4% | ||
| Q3 25 | 1.9% | 0.4% | ||
| Q2 25 | 2.6% | 0.1% | ||
| Q1 25 | 4.6% | 0.2% | ||
| Q4 24 | 2.9% | 0.2% | ||
| Q3 24 | 3.2% | 0.4% | ||
| Q2 24 | 3.6% | 0.4% | ||
| Q1 24 | 4.1% | 1.2% |
现金转化率GVARDDT
| Q4 25 | 3.45× | 1.06× | ||
| Q3 25 | 2.76× | 1.14× | ||
| Q2 25 | 0.02× | 1.25× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | 4.17× | 1.27× | ||
| Q3 24 | 3.31× | 2.40× | ||
| Q2 24 | -0.05× | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
GVA
| Public | $680.2M | 58% |
| Private | $260.1M | 22% |
| Asphalt | $116.9M | 10% |
| Aggregates | $107.9M | 9% |
| Collaborative Arrangement | $7.0M | 1% |
| Performance Obligations | $3.5M | 0% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
