GVA Stock Analysis: Granite Construction | NYSE
Engineering & Construction | NYSE, USA | Market Cap: 5.150m USD | 12M Return: 6.8% | US3873281071 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 74.2M
EPS Trend: 98.0%
Qual. Beats: 0
Rev. Trend: 98.1%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Granite Construction Incorporated (NYSE: GVA) is a U.S.-based infrastructure contractor operating through two segments: Construction, which handles roads, bridges, rail, airports, marine ports, dams, and other heavy civil projects for public and private clients, and Materials, which produces aggregates, asphalt, and recycled materials for both internal use and third-party sale. The vertically integrated model-owning aggregate reserves and processing plants while performing construction work-is a common strategy among heavy civil contractors, allowing them to secure supplies and capture additional margin across the value chain.
The company serves a broad customer base including federal agencies, state departments of transportation, municipalities, utilities, developers, and commercial/industrial site owners. Founded in 1922 and headquartered in Watsonville, California, Granite is classified within the Industrials sector under Construction & Engineering, a segment whose demand is closely tied to federal and state infrastructure funding cycles, such as multi-year surface transportation reauthorization programs.
- IIJA federal funds accelerate state DOT project awards
- Aggregates pricing offsets asphalt cost inflation in Materials segment
- Backlog growth signals multi-year revenue visibility
| Net Income: -164.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -0.08 > 1.0 |
| NWC/Revenue: 0.63% < 20% (prev 15.09%; Δ -14.46% < -1%) |
| CFO/TA 0.13 > 3% & CFO 605.0m > Net Income -164.9m |
| Net Debt (861.1m) to EBITDA (190.2m): 4.53 < 3 |
| Current Ratio: 1.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (43.8m) vs 12m ago -16.85% < -2% |
| Gross Margin: 15.64% > 18% (prev 15.61%; Δ 0.03% > 0.5%) |
| Asset Turnover: 126.0% > 50% (prev 131.3%; Δ -5.31% > 0%) |
| Interest Coverage Ratio: 0.05 > 6 (EBIT TTM 3.14m / Interest Expense TTM 69.6m) |
| A: 0.01 (Total Current Assets 2.45b - Total Current Liabilities 2.42b) / Total Assets 4.78b |
| B: 0.09 (Retained Earnings 443.3m / Total Assets 4.78b) |
| C: 0.00 (EBIT TTM 3.14m / Avg Total Assets 3.94b) |
| D: 0.19 (Book Value of Equity 752.7m / Total Liabilities 3.97b) |
| Altman-Z'' = 0.55 = B |
| DSRI: 0.97 (Receivables 1.17b/994.2m, Revenue 4.97b/4.08b) |
| GMI: 1.00 (GM 15.61% / 15.64%) |
| AQI: 0.93 (AQ_t 0.18 / AQ_t-1 0.19) |
| SGI: 1.22 (Revenue 4.97b / 4.08b) |
| TATA: -0.16 (NI -164.9m - CFO 605.0m) / TA 4.78b) |
| Beneish M = -2.96 (Cap -4..+1) = A |
As of October 09, 2026, the stock is trading at USD 113.83 with a total of 487,836 shares traded. Over the past week, the price has changed by -2.58%, over one month by -4.30%, over three months by -20.60% and over the past year by +6.77%.
Current recommended Stop Loss: 109.20 (which is 4.1% or 1.2 ATR below the current price).
Granite Construction has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy GVA.
- StrongBuy: 2
- Buy: 0
- Hold: 0
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 171.7 | 50.8% |
P/E Forward = 13.8504
P/S = 1.0367
P/B = 6.7477
P/EG = 0.1108
Revenue TTM = 4.97b USD
EBIT TTM = 3.14m USD
EBITDA TTM = 190.2m USD
Long Term Debt = 1.18b USD (from longTermDebt, last quarter)
Short Term Debt = 417.0m USD (from shortTermDebt, last quarter)
Debt = 1.91b USD (from shortLongTermDebtTotal, last quarter) + Leases 173.8m
Net Debt = 861.1m USD (calculated: Debt 1.91b - CCE 1.05b)
Enterprise Value = 6.01b USD (5.15b + Debt 1.91b - CCE 1.05b)
Interest Coverage Ratio = 0.05 (Ebit TTM 3.14m / Interest Expense TTM 69.6m)
EV/FCF = 12.74x (Enterprise Value 6.01b / FCF TTM 471.9m)
FCF Yield = 7.85% (FCF TTM 471.9m / Enterprise Value 6.01b)
FCF Margin = 9.50% (FCF TTM 471.9m / Revenue TTM 4.97b)
Net Margin = -3.32% (Net Income TTM -164.9m / Revenue TTM 4.97b)
Gross Margin = 15.64% ((Revenue TTM 4.97b - Cost of Revenue TTM 4.19b) / Revenue TTM)
Gross Margin QoQ = 16.40% (prev 12.04%)
Tobins Q-Ratio = 1.26 (Enterprise Value 6.01b / Total Assets 4.78b)
Interest Expense / Debt = 3.65% (Interest Expense 69.6m / Debt 1.91b)
Taxrate = 23.71% (68.5m / 288.8m)
NOPAT = 2.39m (EBIT 3.14m * (1 - 23.71%))
Current Ratio = 1.01 (Total Current Assets 2.45b / Total Current Liabilities 2.42b)
Debt / Equity = 2.53 (Debt 1.91b / totalStockholderEquity, last quarter 752.7m)
Debt / EBITDA = 4.53 (Net Debt 861.1m / EBITDA 190.2m)
Debt / FCF = 1.82 (Net Debt 861.1m / FCF TTM 471.9m)
Total Stockholder Equity = 1.03b (last 4 quarters mean from totalStockholderEquity)
RoA = -4.18% (Net Income -164.9m / Total Assets 4.78b)
RoE = -16.01% (Net Income TTM -164.9m / Total Stockholder Equity 1.03b)
RoCE = 0.14% (EBIT 3.14m / Capital Employed (Equity 1.03b + L.T.Debt 1.18b))
RoIC = 0.09% (NOPAT 2.39m / Invested Capital 2.53b)
WACC = 8.09% (E(5.15b)/V(7.06b) * Re(10.05%) + D(1.91b)/V(7.06b) * Rd(3.65%) * (1-Tc(0.24)))
Discount Rate = 10.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -19.88 | Cagr: -0.24%
[DCF] Terminal Value 77.97% ; FCFF base≈406.8m ; Y1≈466.3m ; Y5≈686.3m
[DCF] Fair Price = 213.1 (EV 10.3b - Net Debt 861.1m = Equity 9.47b / Shares 44.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 97.99 | EPS CAGR: 35.68% | SUE: -0.42 | # QB: 0
Revenue Correlation: 98.08 | Revenue CAGR: 13.15% | SUE: 0.75 | # QB: 0
EPS current Quarter (2026-09-30): EPS=3.41 | Chg30d=+0.71% | Revisions=+50% | Analysts=5
EPS current Year (2026-12-31): EPS=7.11 | Chg30d=+0.42% | Revisions=+17% | GrowthEPS=+17.1% | GrowthRev=+22.0%
EPS next Year (2027-12-31): EPS=8.06 | Chg30d=+0.83% | Revisions=+17% | GrowthEPS=+13.3% | GrowthRev=+9.4%
[Analyst] Revisions Ratio: +42% (up=7, down=2)