# Granite Construction Incorporated (GVA) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Construction & Engineering. Price $119.30, market value $5.3 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Granite Construction Incorporated reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 0.32**. A PEG of 0.32 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 6.9×**. The shares trade at 6.9× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 12.2×**. Enterprise value is 12.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 8.9%** (5-yr avg 1.2%). Free cash flow equals 8.9% of the market value, above its five-year average of 1.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 15.6%**. Granite Construction Incorporated keeps 15.6% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 6.3%**. 6.3% of revenue is left after running the business.
- **Net margin: 4.4%**. 4.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 16.4%**. 16.4% on shareholders' equity is solid.
- **Return on invested capital: 12.5%**. Return on all capital, debt included, is 12.5%.
- **Return on assets: -4.1%**. Each dollar of assets produces -4.1% of profit.

## Growth
- **Revenue growth (1 yr): 10.4%** (3-yr 10.3%/yr, 5-yr 4.4%/yr). Revenue grew 10.4% over the last year, against 4.4% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 47.3%** (3-yr 31.4%/yr). Earnings per share rose 47.3%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 1.14**. Debt is 1.14 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 1.6×**. It would take 1.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.44%** ($0.52 per share, trailing). Granite Construction Incorporated yields 0.44%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 12%** (5% of free cash flow). 12% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Price and momentum
- **Total return (1 yr): 10.6%** (YTD 3.6%, 3-mo -15.5%). The shares are up 10.6% over twelve months including dividends.
- **From 52-week high: -26.4%** (22.7% above the low). Trading 26% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 41**. An RSI of 41 is neutral.
- **Beta (1 yr): 0.92** (volatility 31%). Beta of 0.92 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=GVA · Page: https://foliofundamentals.com/stocks/gva

Not investment advice.