(GVA) Granite Construction - Overview
Stock: Roads, Bridges, Asphalt, Aggregates, Water
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.54% |
| Yield on Cost 5y | 1.71% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 94.6% |
| Payout Ratio | 11.2% |
| Risk 5d forecast | |
|---|---|
| Volatility | 27.7% |
| Relative Tail Risk | -7.68% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.51 |
| Alpha | 36.27 |
| Character TTM | |
|---|---|
| Beta | 0.776 |
| Beta Downside | 0.628 |
| Drawdowns 3y | |
|---|---|
| Max DD | 29.06% |
| CAGR/Max DD | 1.68 |
Description: GVA Granite Construction January 10, 2026
Granite Construction Inc. (NYSE:GVA) is a U.S.-based infrastructure contractor operating through two primary segments: Construction and Materials. The Construction segment delivers a broad portfolio of civil works-including highways, bridges, rail, airports, marine ports, dams, and emerging renewable-energy projects such as solar farms and battery-storage facilities-primarily for federal, state, and local public agencies as well as private developers. The Materials segment produces aggregates, asphalt concrete, liquid asphalt, and recycled materials for both internal project use and external sales, while also providing site-preparation, mining, and construction-management services.
Key financial indicators (FY 2023) show revenue of roughly $2.4 billion, an operating margin near 6.5 %, and a backlog of about $2.8 billion, indicating a solid pipeline of future work. The company’s leverage is modest (debt-to-equity ≈ 0.8), and its aggregate-production capacity gives it a pricing edge in a market where asphalt and sand-and-gravel prices have risen 8-10 % year-over-year due to supply constraints and higher freight costs.
Sector-level drivers that materially affect GVA include the U.S. Infrastructure Investment and Jobs Act, which is expected to sustain multi-billion-dollar spending on transportation and water projects through the decade, and the broader macro-trend of renewable-energy infrastructure expansion, which is creating new demand for specialized civil construction and related material supply.
Given the blend of a sizable backlog, exposure to federally funded projects, and a vertically integrated material business, GVA’s earnings outlook is closely tied to the pace of public-sector spending and commodity-price dynamics; any slowdown in federal appropriations or a sharp rise in input costs could materially compress margins.
For a deeper quantitative view, explore ValueRay’s GVA dashboard to see the latest analyst estimates and risk metrics.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 182.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -1.02 > 1.0 |
| NWC/Revenue: 8.16% < 20% (prev 16.38%; Δ -8.22% < -1%) |
| CFO/TA 0.11 > 3% & CFO 462.4m > Net Income 182.5m |
| Net Debt (1.02b) to EBITDA (465.7m): 2.20 < 3 |
| Current Ratio: 1.21 > 1.5 & < 3 |
| Outstanding Shares: last quarter (53.0m) vs 12m ago 1.15% < -2% |
| Gross Margin: 16.39% > 18% (prev 0.13%; Δ 1626 % > 0.5%) |
| Asset Turnover: 116.4% > 50% (prev 126.6%; Δ -10.16% > 0%) |
| Interest Coverage Ratio: 8.62 > 6 (EBITDA TTM 465.7m / Interest Expense TTM 36.9m) |
Altman Z'' 1.97
| A: 0.08 (Total Current Assets 1.98b - Total Current Liabilities 1.63b) / Total Assets 4.15b |
| B: 0.18 (Retained Earnings 728.3m / Total Assets 4.15b) |
| C: 0.09 (EBIT TTM 318.1m / Avg Total Assets 3.64b) |
| D: 0.25 (Book Value of Equity 729.6m / Total Liabilities 2.94b) |
| Altman-Z'' Score: 1.97 = BBB |
Beneish M -3.13
| DSRI: 0.97 (Receivables 1.10b/1.05b, Revenue 4.24b/3.96b) |
| GMI: 0.79 (GM 16.39% / 13.02%) |
| AQI: 1.20 (AQ_t 0.20 / AQ_t-1 0.16) |
| SGI: 1.07 (Revenue 4.24b / 3.96b) |
| TATA: -0.07 (NI 182.5m - CFO 462.4m) / TA 4.15b) |
| Beneish M-Score: -3.13 (Cap -4..+1) = AA |
What is the price of GVA shares?
Over the past week, the price has changed by +7.82%, over one month by +7.97%, over three months by +31.13% and over the past year by +47.33%.
Is GVA a buy, sell or hold?
- StrongBuy: 2
- Buy: 0
- Hold: 0
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the GVA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 135.2 | 3.9% |
| Analysts Target Price | 135.2 | 3.9% |
| ValueRay Target Price | 185.1 | 42.2% |
GVA Fundamental Data Overview February 07, 2026
P/E Forward = 20.2429
P/S = 1.3455
P/B = 4.7522
P/EG = 5.56
Revenue TTM = 4.24b USD
EBIT TTM = 318.1m USD
EBITDA TTM = 465.7m USD
Long Term Debt = 966.3m USD (from longTermDebt, last quarter)
Short Term Debt = 372.0m USD (from shortTermDebt, last quarter)
Debt = 1.46b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.02b USD (from netDebt column, last quarter)
Enterprise Value = 6.72b USD (5.70b + Debt 1.46b - CCE 441.8m)
Interest Coverage Ratio = 8.62 (Ebit TTM 318.1m / Interest Expense TTM 36.9m)
EV/FCF = 19.40x (Enterprise Value 6.72b / FCF TTM 346.4m)
FCF Yield = 5.15% (FCF TTM 346.4m / Enterprise Value 6.72b)
FCF Margin = 8.18% (FCF TTM 346.4m / Revenue TTM 4.24b)
Net Margin = 4.31% (Net Income TTM 182.5m / Revenue TTM 4.24b)
Gross Margin = 16.39% ((Revenue TTM 4.24b - Cost of Revenue TTM 3.54b) / Revenue TTM)
Gross Margin QoQ = 18.18% (prev 17.68%)
Tobins Q-Ratio = 1.62 (Enterprise Value 6.72b / Total Assets 4.15b)
Interest Expense / Debt = 0.91% (Interest Expense 13.4m / Debt 1.46b)
Taxrate = 25.85% (38.1m / 147.5m)
NOPAT = 235.9m (EBIT 318.1m * (1 - 25.85%))
Current Ratio = 1.21 (Total Current Assets 1.98b / Total Current Liabilities 1.63b)
Debt / Equity = 1.27 (Debt 1.46b / totalStockholderEquity, last quarter 1.16b)
Debt / EBITDA = 2.20 (Net Debt 1.02b / EBITDA 465.7m)
Debt / FCF = 2.95 (Net Debt 1.02b / FCF TTM 346.4m)
Total Stockholder Equity = 1.06b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.02% (Net Income 182.5m / Total Assets 4.15b)
RoE = 17.26% (Net Income TTM 182.5m / Total Stockholder Equity 1.06b)
RoCE = 15.72% (EBIT 318.1m / Capital Employed (Equity 1.06b + L.T.Debt 966.3m))
RoIC = 12.12% (NOPAT 235.9m / Invested Capital 1.95b)
WACC = 7.12% (E(5.70b)/V(7.16b) * Re(8.78%) + D(1.46b)/V(7.16b) * Rd(0.91%) * (1-Tc(0.26)))
Discount Rate = 8.78% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.60%
[DCF Debug] Terminal Value 74.41% ; FCFF base≈325.3m ; Y1≈213.5m ; Y5≈97.4m
Fair Price DCF = 28.37 (EV 2.26b - Net Debt 1.02b = Equity 1.24b / Shares 43.6m; r=7.12% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 31.51 | EPS CAGR: 26.07% | SUE: -3.68 | # QB: 0
Revenue Correlation: 62.13 | Revenue CAGR: 49.94% | SUE: -1.18 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.42 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=4
EPS next Year (2026-12-31): EPS=6.20 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=+11.6% | Growth Revenue=+10.6%