Granite Construction (GVA) Stock Overview
Provides infrastructure solutions for public and private clients in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
GVA Community Fair Values
Create NarrativeSee what 15 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Granite Construction Incorporated Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$140.93 |
| 52 Week High | US$145.00 |
| 52 Week Low | US$84.45 |
| Beta | 1.35 |
| 1 Month Change | 10.99% |
| 3 Month Change | 7.64% |
| 1 Year Change | 63.25% |
| 3 Year Change | 276.42% |
| 5 Year Change | 267.48% |
| Change since IPO | 2,542.44% |
Recent News & Updates
Recent updates
Narrative Update • May 03
GVA: Backlog Strength And Cash Conversion Will Support Higher Earnings Visibility Through 2026
Analysts now set a higher fair value estimate for Granite Construction, lifting the target from $161 to $185 as they factor in increased expectations for revenue growth, a higher future P/E multiple, and recent Street research that highlights strong backlog trends and cash conversion. Analyst Commentary Recent Street research points to a more constructive tone around Granite Construction, with bullish analysts highlighting a mix of backlog strength, cash generation, and earnings execution as key supports for higher fair value estimates.
Narrative Update • Apr 19
GVA: Backlog And Cash Conversion Will Support Above Consensus FY26 Outlook Execution
Analysts have raised their consolidated price target on Granite Construction to $132, citing strong backlog growth, solid cash conversion and an above-consensus FY26 outlook as the main factors supporting the updated view. Analyst Commentary Recent research highlights that the higher price target to $132 is supported by a strong backlog and solid cash conversion, with Q4 results and the FY26 outlook viewed as key reference points.Seeking Alpha • Apr 08
Granite Construction's Outperformance Should Continue
Summary Granite Construction remains a "Strong Buy" due to attractive valuation, robust public infrastructure demand, and successful acquisition-driven growth. GVA's 2025 revenue grew 10.4% year-over-year, with significant EBITDA and cash flow improvements, underscoring operational strength. Public sector CAP surged to $6.06 billion, offsetting private sector weakness, as government infrastructure spending accelerates, particularly in California and federal border projects. GVA trades at lower valuation multiples than peers, offering 45%–115% upside if re-rated to sector averages, supporting a bullish outlook. Read the full article on Seeking AlphaNarrative Update • Apr 05
GVA: Backlog And Cash Conversion Will Support Above Consensus FY26 Outlook
Analysts raised their price target on Granite Construction to $132, citing strong backlog growth, solid cash conversion, and an above-consensus FY26 outlook disclosed in the recent Q4 earnings update. Analyst Commentary Recent research around Granite reflects a mixed tone, with some optimism on backlog and cash generation alongside more cautious voices highlighting risks around execution, growth, and where the shares are trading after the latest guidance.Narrative Update • Mar 21
GVA: Backlog Strength And Cash Conversion Will Drive Upside Potential
Analysts have raised their fair value estimate for Granite Construction to $132 from $124, citing strong backlog growth, solid cash conversion, a Q4 earnings beat, and an above-consensus FY26 guide as key factors for the higher target. Analyst Commentary Recent research points to a more balanced view on Granite Construction, where higher fair value estimates sit alongside pockets of caution.Narrative Update • Mar 07
GVA: Backlog And Cash Conversion Will Drive Stronger Earnings Visibility Through 2026
Analysts have raised their price target on Granite Construction to $132, an $8 increase, citing strong backlog growth, solid cash conversion, and confidence in the outlook reflected in the recent Q4 earnings beat and above-consensus FY26 guidance. Analyst Commentary Recent research has highlighted a more constructive stance on Granite Construction, with bullish analysts pointing to the company’s operational execution and visibility into future work as key supports for the higher price targets.Narrative Update • Feb 21
GVA: Backlog Strength And 2026 Visibility Will Support Higher Earnings Power
The analyst fair value estimate for Granite Construction has increased from $147 to $161, with analysts citing strong backlog trends, solid cash conversion, and an above-consensus FY26 outlook as key factors supporting the higher target. Analyst Commentary Recent Street research on Granite Construction points to a more constructive tone, with several bullish analysts lifting their price targets and highlighting execution on key fundamentals like backlog and cash generation.Narrative Update • Feb 07
GVA: Elevated Multiple Will Rely On Sustained Execution And Project Visibility
Analysts have lifted their fair value estimate for Granite Construction to $124 from $109, citing recent price target increases on the Street and ongoing improvements in margins, cash flow, and project visibility. Analyst Commentary Street research on Granite Construction has generally highlighted improving margins, stronger cash flow, and better visibility into the project pipeline.Narrative Update • Jan 23
GVA: Elevated Multiple Will Face Test From Slower New Project Ramp-Up
Narrative Update: Granite Construction Analysts have lifted their fair value estimate for Granite Construction from about US$76 to roughly US$109, reflecting higher assumed revenue growth and a richer future P/E. This change is supported by commentary that recent price target increases follow improving margins, stronger cash flow, record CAP levels, and solid booking visibility into 2026.Narrative Update • Jan 09
GVA: Record CAP And 2026 Visibility Will Support Stronger Margins
Narrative Update Analysts have lifted their price target on Granite Construction to $130 from $125, citing healthier visibility into 2026, improving margins and cash flow, and strong incoming bookings as key factors supporting this updated view. Analyst Commentary Bullish analysts are pointing to a mix of execution and visibility as key supports for their higher view on Granite Construction's valuation.Analysis Article • Jan 01
An Intrinsic Calculation For Granite Construction Incorporated (NYSE:GVA) Suggests It's 30% Undervalued
Key Insights Using the 2 Stage Free Cash Flow to Equity, Granite Construction fair value estimate is US$165 Granite...Narrative Update • Dec 26
GVA: Rising CAP And Backlog Will Support Stronger Margins Through 2026
Analysts have nudged their price target on Granite Construction higher to $130 from $125, citing healthy visibility into 2026, improving margins and cash flow, and confidence that management's strategy is sustaining stronger long term performance. Analyst Commentary Bullish analysts highlight that the higher price target reflects growing confidence in Granite Construction's multi year earnings trajectory, supported by improving project execution and disciplined bidding.Narrative Update • Dec 12
GVA: Rising CAP Levels Will Drive Stronger Bookings And Margin Expansion Through 2026
Analysts have raised their fair value estimate for Granite Construction from $118.00 to $147.00, citing improving margins, record CAP levels, and strong booking-driven visibility into 2026 as key drivers behind the higher price target. Analyst Commentary Bullish analysts highlight that Granite's recent quarter demonstrated meaningful improvement in margins and cash generation, even as top-line growth came in slightly below prior expectations due to the timing of new project ramp-ups.Analysis Article • Nov 13
Shareholders Can Be Confident That Granite Construction's (NYSE:GVA) Earnings Are High Quality
Granite Construction Incorporated ( NYSE:GVA ) just reported healthy earnings but the stock price didn't move much. We...
Narrative Update • Nov 12
GVA: Improved Margins and Record Contracts Will Drive Momentum Through 2026
Analysts have raised their price target for Granite Construction to $135.50 from $132.00, citing improved margins, record CAP, and strong booking momentum. This increase comes despite slightly slower recent revenue growth.Narrative Update • Oct 29
Major New Contracts And Robust Pipeline Will Drive Long-Term Infrastructure Revenue
Granite Construction's analyst price target remains unchanged at $132.00, as analysts cite consistent financial projections and steady expectations for growth. What's in the News Granite has begun work on a $138 million rehabilitation project for the historic Lake Street Bascule Bridge in Chicago.Narrative Update • Oct 14
Federal Funding And Sunbelt Expansion Will Fuel Infrastructure Transformation
Analysts have raised their price target for Granite Construction from $129.33 to $132.00, citing updated estimates for discount rate, revenue growth, profit margin, and future price-to-earnings multiples. What's in the News Secured a $24 million contract from San Bernardino County to replace aging bridges along Route 66 in Amboy, California.Narrative Update • Sep 06
Federal Funding And Sunbelt Expansion Will Fuel Infrastructure Transformation
Despite a notable reduction in consensus revenue growth forecasts, analysts have raised Granite Construction's price target, likely reflecting improved net profit margin expectations, with the fair value estimate increasing from $124.00 to $129.33. What's in the News Granite's Layne won a $13 million contract to construct two high-capacity collector wells for LCRWS in South Dakota, enhancing regional water supply.Narrative Update • Aug 08
Federal Funding And Sunbelt Expansion Will Fuel Infrastructure Transformation
The upward revision in Granite Construction’s fair value reflects stronger consensus revenue growth forecasts, partly offset by a modest decline in net profit margin, resulting in the analyst price target increasing from $110.33 to $116.00. What's in the News Granite Construction updated its 2025 earnings guidance, projecting revenue between $4.35–$4.55 billion, including approximately $150 million from new acquisitions.Analysis Article • Aug 07
Is Granite Construction Incorporated (NYSE:GVA) Trading At A 44% Discount?
NYSE:GVA 1 Year Share Price vs Fair Value Explore Granite Construction's Fair Values from the Community and select...Analysis Article • Jul 17
Should You Investigate Granite Construction Incorporated (NYSE:GVA) At US$92.48?
Granite Construction Incorporated ( NYSE:GVA ), might not be a large cap stock, but it led the NYSE gainers with a...Analysis Article • Jun 13
We Ran A Stock Scan For Earnings Growth And Granite Construction (NYSE:GVA) Passed With Ease
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Jun 01
Shareholders Should Be Pleased With Granite Construction Incorporated's (NYSE:GVA) Price
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may...Seeking Alpha • Apr 17
Granite Construction: Continued Growth And Valuation Justify Optimism
Summary Granite Construction remains a 'buy' due to its strong financial performance, attractive valuation, and management's optimistic outlook for 2025, despite the recent stock price decline. The company's revenue grew 14.2% in 2024, driven by acquisitions and higher sales prices, with significant growth in both the Materials and Construction segments. Management expects 2025 revenue to rise to $4.2-$4.4 billion and EBITDA margins to improve, indicating continued profitability and cash flow growth. Granite Construction's focus on public sector projects, particularly in California, provides stability and growth potential even during economic downturns. Read the full article on Seeking AlphaSeeking Alpha • Jan 27
Granite Construction: Going Through A Consolidation Phase
Summary Granite Construction's stock has surged 50% since summer and doubled over the past 12 months. The company is experiencing a surge of profits and operating cash flow on increased infrastructure spending. However, the shares look overvalued on a historical price to sales ratio basis and there was some notable insider selling in the stock late in 2024. What's ahead for Granite Construction and its shareholders in 2025? An analysis follows in the paragraphs below. Read the full article on Seeking AlphaSeeking Alpha • Nov 15
Granite Construction: Infrastructure Spending And An Upgraded Business Model
Summary I’m into infrastructure, and not just data centers for AI. Our road and transportation systems remain awful, and I want to invest in companies that get paid to fix it. Granite Construction is close to a pure play on roadwork. Federal Spending to upgrade is bullish, and I think this will continue under Trump. And there’s more to GVA than that… it’s also changing its business model for the better, much better. Read the full article on Seeking AlphaSeeking Alpha • Oct 28
Granite Construction: Still Cruising Higher
Summary Granite Construction has seen impressive stock growth, up 104.7% since my 'buy' recommendation in March 2023, outperforming the broader market significantly. Despite the massive rise, I maintain a soft 'buy' rating due to continued revenue growth and attractive pricing relative to peers. The company's strong performance is driven by increased public spending, favorable weather, and strategic acquisitions, with significant revenue and profit growth. Future upside depends on upcoming Q3 2024 results, with analysts forecasting further revenue and profit increases, bolstering my current bullish stance. Read the full article on Seeking Alpha
New Narrative • Sep 04
Vertical Integration And Tactical Expansions Set To Fuel Market Dominance And Profit Growth
Strategic M&A activities signal a push for geographic expansion and increased market share through vertical integration.Shareholder Returns
| GVA | US Construction | US Market | |
|---|---|---|---|
| 7D | -0.2% | 3.0% | 1.1% |
| 1Y | 63.2% | 120.6% | 26.7% |
Return vs Industry: GVA underperformed the US Construction industry which returned 116.4% over the past year.
Return vs Market: GVA exceeded the US Market which returned 25.4% over the past year.
Price Volatility
| GVA volatility | |
|---|---|
| GVA Average Weekly Movement | 5.0% |
| Construction Industry Average Movement | 8.7% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: GVA has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: GVA's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1922 | 2,500 | Kyle Larkin | www.graniteconstruction.com |
Granite Construction Incorporated provides infrastructure solutions for public and private clients in the United States. It operates through 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 and site development, mining, public safety, tunnel, solar, battery storage, and power related projects.
Granite Construction Incorporated Fundamentals Summary
| GVA fundamental statistics | |
|---|---|
| Market cap | US$6.26b |
| Earnings (TTM) | US$184.96m |
| Revenue (TTM) | US$4.64b |
33.3x
P/E Ratio1.3x
P/S RatioIs GVA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GVA income statement (TTM) | |
|---|---|
| Revenue | US$4.64b |
| Cost of Revenue | US$3.90b |
| Gross Profit | US$737.27m |
| Other Expenses | US$552.31m |
| Earnings | US$184.96m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.23 |
| Gross Margin | 15.90% |
| Net Profit Margin | 3.99% |
| Debt/Equity Ratio | 114.8% |
How did GVA perform over the long term?
See historical performance and comparisonDividends
0.4%
Current Dividend Yield12%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/14 14:54 |
| End of Day Share Price | 2026/05/14 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Granite Construction Incorporated is covered by 21 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alexander Rygiel | B. Riley Securities, Inc. |
| Robert Burleson | Canaccord Genuity |
| Adam Gill | CIBC Capital Markets |