Granite Construction Inc. (GVA) Financials
Key financial figures for Granite Construction Inc. (Q3 2026).
Granite Q3 revenue rose 23% to $1.77B and adjusted EPS hit $3.81 (vs FMP estimate $3.27), while GAAP EPS was $0.07 after $162M of convertible note charges; 2026 revenue guidance narrowed to $5.4B-$5.5B and 2029 targets introduced. Revenue was $1.77B, up 23.2% from $1.43B a year earlier, versus an FMP estimate of $1.70B; excluding acquisitions, revenue grew about 20%. Adjusted EPS was $3.81 versus $2.70 a year ago and an FMP estimate of $3.27; GAAP EPS was $0.07 versus $1.98 after $162M of net non-operating charges from settling the 3.75% convertible notes. Adjusted EBITDA rose 32% to $283M (16.0% margin versus 15.0%); Construction gross margin improved to 18.6% from 16.5% while Materials gross margin fell to 21.0% from 25.2% on diesel costs. On the outlook: 2026 guidance: revenue $5.4B-$5.5B (raised low end from $5.3B), adjusted EBITDA margin 12.25%-13.25%, SG&A 8.25%-8.75% of revenue, capex about $140M-$160M, effective tax rate for adjusted net income in the mid-20s. 2029 targets: organic revenue CAGR 10%-12%, adjusted EBITDA margin 14%-16%, SG&A about 7.5% of revenue, free cash flow about 10% of revenue. Figures are for Q3 2026, as Granite Construction Incorporated reported them.
- Revenue
- $1.8B
- Net Income
- $3M
- EPS
- $0.07
- Total Assets
- $4.5B
- Operating Cash Flow
- $263M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $1.8B | $3M | $0.07 | 12.7% | $229M |
| Q2 FY2026 | $1.5B | -$278M | -$6.36 | 8.63% | $143M |
| Q1 FY2026 | $912M | -$42M | -$0.96 | -3.74% | -$57M |
| Q4 FY2025 | $1.2B | $52M | $0.97 | 5.22% | $129M |
| Q3 FY2025 | $1.4B | $103M | $1.98 | 10.02% | $257M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $4.4B | $193M | $3.86 | 5.93% | $331M |
| FY2024 | $4.0B | $126M | $2.62 | 5.17% | $320M |
| FY2023 | $3.5B | $44M | $0.97 | 2.28% | $43M |
Frequently asked questions
What was Granite Construction Incorporated's revenue last quarter?
Granite Construction Incorporated reported revenue of $1.77 billion for Q3 FY2026, up 23.2% from the same period a year earlier.
Is Granite Construction Incorporated profitable?
Yes. Granite Construction Incorporated reported net income of $3.2 million for Q3 FY2026, a net margin of 0.18% on revenue.
How has Granite Construction Incorporated's margin trended?
Operating margin was 12.7% in Q3 FY2026, compared with 10.02% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Granite Construction Incorporated generate?
Granite Construction Incorporated generated free cash flow of $228.7 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Granite Construction Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.