Granite Construction Incorporated
Description
Granite Construction Incorporated operates as an infrastructure contractor in the United States. It operates through two segments: Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and construction of various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar storage, and power related projects. The Materials segment is involved in the production of aggregates, asphalt concrete, liquid asphalt, and recycled materials production for internal use in our construction projects and sale to third parties. It also offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, railways, residential development, and energy development; and provides construction management professional services. It serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was incorporated in 1922 and is headquartered in Watsonville, California.
About
CEO
Mr. Kyle T. Larkin
Employees
2,100
Instrument type
Common Stock
Sector
Industrials
Industry
Engineering & Construction
MIC code
XNYS
Address
585 West Beach Street, Watsonville, CA 95076, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 29, 2025 | — | — | — | — |
| Jul 30, 2025 | — | — | — | — |
| Apr 30, 2025 | — | — | — | — |
| Feb 13, 2025 | 1.27 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 2 | — | 3 |
| Average estimate | — | -0.52 | — | 5.29 |
| Low estimate | — | -0.55 | — | 5.00 |
| High estimate | — | -0.49 | — | 5.68 |
| Last year EPS | — | -0.21 | — | 4.37 |
[stock_revenue_estimate]
Growth estimates
Current qtr
50.610%
Next qtr. (Mar 2025)
-147.620%
Current year
39.270%
Next year (Dec 2025)
21.070%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 3.51B | 3.30B | 3.50B | 3.56B | 2.91B |
| Cost of revenue | 3.11B | 2.93B | 3.14B | 3.22B | 2.73B |
| Gross profit | 396.40M | 369.49M | 362.65M | 344.79M | 189.79M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 294.47M | 272.61M | 303.02M | 316.28M | 238.15M |
| Other operating expenses | 50.22M | 24.12M | 101.35M | 37.09M | 6.74M |
| Operating income | 51.72M | 72.76M | -41.72M | -8.59M | -55.10M |
| Non operating interest income | |||||
| Income | 17.54M | 6.53M | 1.18M | 3.10M | 7.26M |
| Expense | 18.46M | 12.62M | 20.74M | 24.20M | 18.05M |
| Other income expense | 9.06M | 25.15M | 83.41M | -136.77M | 25.67M |
| Pretax income | 59.85M | 91.82M | 22.13M | -166.46M | -40.22M |
| Tax provision | 30.27M | 12.96M | 19.71M | -282,000 | -12.29M |
| Net income | 29.59M | 78.86M | 2.41M | -166.18M | -56.70M |
| Basic EPS | 0.99 | 1.87 | 0.22 | -3.18 | -1.29 |
| Diluted EPS | 0.97 | 1.70 | 0.22 | -3.18 | -1.29 |
| Basic average shares | 43.88M | 44.49M | 45.79M | 45.61M | 46.56M |
| Diluted average shares | 43.88M | 44.49M | 45.79M | 45.61M | 46.56M |
| EBITDA | 193.29M | 174.39M | 85.48M | 120.46M | 86.45M |
| Net income from continuing op. | 29.59M | 78.86M | 2.41M | -166.18M | -56.70M |
| Minority interests | 14.01M | 4.45M | 7.68M | 21.06M | -3.49M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 2.81B | 2.17B | 2.49B | 2.38B | 2.50B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 417.66M | 293.99M | 395.65M | 425.29M | 262.27M |
| Other short term investments | 207.10M | 223.18M | 189.91M | 188.80M | 220.91M |
| Accounts receivable | 598.71M | 463.99M | 464.59M | 437.56M | 547.42M |
| Other receivables | 262.99M | 241.92M | 145.44M | 132.10M | 211.44M |
| Inventory | 103.90M | 86.81M | 61.97M | 62.47M | 88.89M |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | 392.64M | 171.26M | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 53.10M | 37.41M | 177.21M | 37.77M | 46.02M |
| Non current assets | |||||
| Properties | 330.10M | 268.92M | 241.29M | 259.06M | 261.49M |
| Land and improvements | 105.87M | 105.73M | 108.52M | 117.71M | 132.53M |
| Machinery furniture equipment | 1.21B | 1.08B | 945.72M | 882.22M | 1.02B |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -1.01B | -997.09M | -908.89M | -879.61M | -917.19M |
| Goodwill | 427.33M | 156.62M | 116.93M | 118.03M | 576.05M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 117.32M | 9.21M | 9.50M | 10.60M | 47.49M |
| Investments and advances | 92.91M | 107.29M | 38.97M | 32.84M | 89.18M |
| Other non current assets | 63.81M | 72.14M | 82.53M | 353.46M | 109.37M |
| Total liabilities | 1.79B | 1.18B | 1.50B | 1.39B | 1.32B |
| Current liabilities | |||||
| Accounts payable | 408.36M | 334.39M | 324.31M | 321.35M | 400.78M |
| Accrued expenses | 154.71M | 157.12M | 316.75M | 230.15M | 212.92M |
| Short term debt | 56.76M | 20.11M | 8.73M | 8.28M | 8.24M |
| Deferred revenue | 243.85M | 173.29M | 200.04M | 162.93M | 95.74M |
| Tax payable | — | — | — | — | — |
| Pensions | 105.42M | 80.91M | 87.46M | 100.04M | 70.24M |
| Other current liabilities | 60.79M | 31.78M | 132.03M | 120.52M | 54.14M |
| Non current liabilities | |||||
| Long term debt | 678.33M | 319.10M | 364.12M | 370.34M | 414.73M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 3.71M | 1.89M | 1.86M | 2.02M | 3.75M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 74.65M | 64.20M | 64.07M | 62.42M | 63.14M |
| Shareholders equity | |||||
| Common stock | 439,000 | 437,000 | 458,000 | 457,000 | 456,000 |
| Retained earnings | 501.84M | 481.38M | 410.83M | 424.84M | 594.35M |
| Other shareholders equity | 881,000 | 788,000 | -3.36M | -5.04M | -2.65M |
| Total shareholders equity | 1.03B | 985.15M | 995.56M | 991.61M | 1.18B |
| Additional paid in capital | 474.13M | 470.41M | 559.75M | 555.41M | 549.31M |
| Treasury stock | — | — | — | — | — |
| Minority interest | 49.67M | 32.13M | 27.88M | 15.95M | 36.95M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||||
| Net Income | 29.59M | 78.86M | 2.41M | -166.18M | -56.70M | 11.54M | 42.46M | 66.20M | 68.25M | 35.88M | -44.77M | 59.92M | 66.09M | -62.45M | 100.20M | 165.74M | 112.07M | 80.51M | 83.15M | 57.01M | 60.50M | 49.28M | 50.53M | 55.82M | 52.90M | 46.50M | 27.80M | 27.30M | 28.50M | 19.50M | 3.50M | 3.90M | 17.60M | 18.80M | 14.20M | — |
| Depreciation | 92.27M | 82.57M | 109.05M | 112.96M | 121.99M | 111.54M | 66.35M | 64.38M | 64.31M | 68.25M | 72.90M | 56.10M | 60.55M | 74.44M | 80.20M | 87.31M | 82.16M | 69.18M | 71.76M | 68.47M | 71.64M | 64.47M | 54.99M | 50.53M | 42.40M | 38.10M | 38.20M | 37.80M | 32.50M | 25.70M | 25.40M | 26.00M | 25.20M | 22.80M | 19.40M | — |
| Deferred Taxes | 26.56M | 5.45M | 16.60M | 8.82M | -22.92M | 12.11M | -2.74M | 9.84M | 28.26M | 14.91M | -19.56M | 6.01M | 8.57M | -39.29M | 21.11M | 1.19M | -7.82M | -29.46M | -8.84M | -5.87M | 4.09M | -3.31M | 5.67M | 2.25M | 1.00M | 200,000 | 700,000 | 4.00M | -5.80M | 3.40M | -4.40M | -800,000 | 1.80M | -400,000 | -2.70M | — |
| Stock-Based Compensation | 10.48M | 7.77M | 6.41M | 6.38M | 10.21M | 14.78M | 15.76M | 13.38M | 8.76M | 11.16M | 13.44M | 11.48M | 12.16M | 13.04M | 10.77M | 7.46M | 7.34M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -13.24M | -51.20M | -52.33M | -40.46M | -78.32M | -99.42M | -17.88M | -11.80M | -70.36M | -39.74M | 3.98M | -4.84M | 5.95M | 93.86M | -26.66M | 7.19M | 25.23M | 24.19M | — | 69.71M | — | — | — | — | 100,000 | -200,000 | — | -100,000 | 100,000 | — | 3.30M | — | — | — | 100,000 | — |
| Accounts Receivable | -78.41M | -53.79M | 729,000 | 130.51M | -99.03M | 2.14M | -87.36M | -73.66M | -55.25M | -10.31M | 11.73M | 12.20M | -58.78M | 3.31M | 35.71M | 100.53M | 102.99M | -18.91M | -118.86M | -28.22M | -22.31M | 21.88M | -10.97M | -11.29M | -34.10M | -10.70M | -43.10M | 16.00M | -24.10M | -12.10M | -7.80M | 8.30M | 10.30M | -600,000 | -22.60M | — |
| Accounts Payable | 66.83M | -9.78M | 7.40M | -41.00M | 140.03M | -21.46M | 37.69M | 37.73M | 8.36M | -12.67M | -34.05M | -9.47M | 28.96M | -1.87M | -43.48M | -38.96M | -44.50M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -19.15M | 2.56M | -11.20M | 4.10M | -3.55M | -109.95M | -2.96M | -2.62M | -40.82M | -21.10M | 24.79M | -13.60M | -1.51M | -48.00M | -97.46M | -39.33M | -37.42M | 128.06M | 65.84M | -36.00M | -30.48M | -7.16M | 43.40M | -14.41M | 22.90M | 14.30M | 21.90M | -21.30M | 18.70M | 5.40M | 10.70M | 2.70M | -9.80M | -6.80M | 15.90M | — |
| Operating Cash Flow | 114.92M | 62.44M | 79.07M | 15.13M | 11.71M | -78.71M | 51.32M | 103.46M | 11.52M | 46.38M | 28.47M | 117.79M | 121.97M | 33.05M | 80.38M | 291.14M | 240.05M | 253.57M | 93.05M | 125.10M | 83.44M | 125.15M | 143.61M | 82.89M | 85.20M | 88.20M | 45.50M | 63.70M | 49.90M | 41.90M | 30.70M | 40.10M | 45.10M | 33.80M | 24.30M | — |
| Investing Activities | ||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -102.28M | -95.55M | -8,000 | -76.55M | -69.74M | -94.86M | -57.49M | -78.02M | -31.03M | -14.81M | -17.92M | -3.23M | -17.08M | -15.86M | -64.63M | -79.60M | -100.84M | -99.84M | -77.82M | -65.25M | -54.31M | -51.39M | -50.48M | -47.76M | -72.90M | -47.10M | -43.70M | -38.10M | -32.60M | -33.60M | -15.30M | -16.50M | -28.50M | -26.00M | -18.40M | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -294.02M | 140.58M | — | 5.00M | -6.23M | -55.03M | — | — | — | — | -8.38M | -79.64M | — | — | -4.97M | 10.15M | -83.23M | — | — | — | — | -36.03M | -11.40M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -9.74M | -94.10M | -10.00M | -10.00M | — | -9.95M | -124.54M | -129.69M | -104.97M | -64.98M | -74.92M | -124.60M | -155.12M | -121.63M | -118.33M | -79.63M | -181.45M | -233.87M | -96.88M | -96.98M | -190.96M | -494.63M | -139.09M | -84.67M | -98.10M | -91.10M | -27.40M | -45.60M | -56.30M | -54.20M | -49.80M | -100,000 | -8.70M | -19.80M | — | — |
| Sale of Investments | 40.00M | 45.01M | — | 35.00M | 35.00M | 122.81M | 120.00M | 105.00M | 104.26M | 80.00M | 68.65M | 165.10M | 144.14M | 89.00M | 58.04M | 131.32M | 195.31M | 153.02M | 113.73M | 113.24M | 191.86M | 430.55M | 113.30M | 92.94M | 110.80M | 50.50M | 42.50M | 56.70M | 42.70M | 51.10M | 48.80M | 4.70M | — | — | 18.70M | — |
| Investing Cash Flow | -359.29M | -11.00M | -21.48M | -41.26M | -40.32M | -39.60M | -59.19M | -96.39M | -30.71M | 780,000 | -31.65M | -42.55M | -27.73M | -60.44M | -129.88M | -18.26M | -166.74M | -183.68M | -64.79M | -41.43M | -33.04M | -134.11M | -97.12M | -58.97M | -54.20M | -87.20M | -49.20M | -37.50M | -49.00M | -37.90M | -17.90M | -14.30M | -38.90M | -45.00M | 900,000 | — |
| Financing Activities | ||||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 678.75M | 50.00M | — | 50.00M | 335.57M | 203.25M | 25.00M | 30.00M | 30.00M | — | — | 70.50M | 2.12M | 1.92M | 10.75M | 3.73M | 330.26M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -305.12M | -125.16M | -8.92M | -83.43M | -313.15M | -153.92M | -45.00M | -45.03M | -46.76M | -1.23M | -12.15M | -11.75M | -16.91M | -19.83M | -18.86M | -17.09M | -139.60M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | 5.59M | 5.02M | 11.01M | 372,000 | -16.97M | -12.22M | 5.04M | 549,000 | 1.59M | 9.59M | -28.35M | -18.01M | -20.72M | -14.12M | 1.30M | -6.65M | 33.77M | — | -6.13M | -11.47M | 1.40M | — | — | — | — | — | 100,000 | 100,000 | — | -100,000 | -100,000 | -100,000 | — | — | — | — |
| Financing Cash Flow | 352.29M | -164.31M | -24.45M | -57.66M | -44.26M | -1.87M | -42.62M | -40.27M | -39.40M | -17.08M | -66.60M | 15.76M | -59.65M | -55.82M | -56.31M | -131.52M | 76.32M | -21.50M | -11.39M | -34.37M | -15.63M | -23.43M | -15.05M | -14.14M | -35.60M | -9.30M | -9.40M | -7.90M | -4.40M | -2.30M | -2.40M | -2.40M | -2.50M | 21.90M | — | — |
| Other Cash Details | ||||||||||||||||||||||||||||||||||||
| End Cash Position | 417.66M | 293.99M | 413.66M | 437.65M | 268.11M | 278.63M | 233.71M | 189.33M | 252.84M | 255.96M | 229.12M | 321.99M | 256.99M | 252.02M | 338.96M | 460.84M | 352.43M | 204.89M | 199.88M | 161.63M | 69.92M | 52.03M | 125.17M | 57.76M | 61.80M | 62.50M | 54.40M | — | — | — | — | — | — | — | — | — |
| Income Tax Paid | 15.38M | 3.77M | 2.07M | 2.81M | 11.90M | 19.07M | 33.95M | 29.87M | 4.30M | 2.33M | 4.12M | 24.62M | 24.78M | 3.86M | 54.08M | 68.49M | 66.50M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 15.64M | 11.51M | 14.59M | 18.75M | 17.32M | 14.86M | 11.45M | 13.39M | 14.60M | 14.67M | 14.62M | 11.48M | 16.24M | 15.72M | 22.78M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 43.32M | -65.97M | -72.88M | 175.21M | 4.61M | -24.71M | 78.50M | -17.82M | 22.80M | -286,000 | -38.30M | 54.17M | 47.31M | -7.69M | -23.34M | 163.20M | 116.18M | 143.41M | 43.67M | -10.40M | 14.78M | 46.63M | 59.37M | 22.39M | 18.00M | 43.50M | 15.40M | 15.30M | 33.60M | 9.10M | 15.20M | 14.70M | 20.80M | 9.50M | 17.00M | — |
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