Pulling SEC filings + quote and writing the call…

GRANITE CONSTRUCTION INC
Next earnings Aug 5, 2026 · consensus $2.35 EPS, $1.42B rev
Last earnings +11.8% on 2026-04-30
Infrastructure contractor riding a margin-and-earnings upcycle, but 38x earnings is full for a thin-margin, cyclical builder.
Granite Construction is a heavy-civil and infrastructure contractor with an integrated aggregates/materials business, and it is executing exceptionally well into the US infrastructure spending cycle. FY2025 revenue grew 10.4% to $4.42B, but profitability grew far faster: gross profit rose 24.2%, operating income 36.2%, and net income 52.8% to $193M, lifting diluted EPS 47.3% to $3.86 and ROE to 16.4%. The five-year history shows a real transformation — net income climbed from just $10.1M in FY2021 to $193M in FY2025 as the company shed low-margin legacy work, improved project selection, and benefited from federal/state infrastructure funding. Operating cash flow of $469M comfortably exceeds net income and funds capex, modest buybacks, and a dividend.
Sources: SEC EDGAR (CIK 0000861459, latest 10-Q filed 2026-04-30) · analysis by claude-code · as of 6/21/2026, 8:55:47 PM.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $3.50B | $3.30B | $3.51B | $4.01B | $4.42B |
| Gross profit | $363M | $369M | $396M | $573M | $711M |
| Operating income | $24.7M | $85.4M | $80.1M | $207M | $282M |
| Net income | $10.1M | $83.3M | $43.6M | $126M | $193M |
| Diluted EPS | $0.21 | $1.70 | $0.97 | $2.62 | $3.86 |
| Net margin | 0.3% | 2.5% | 1.2% | 3.2% | 4.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1046 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 3 open-market buys · 0 sales
| 2026-06-15 | Romer John Timothy Director | Buy | 273.00 @ $143.40 | $39.1K |
| 2026-06-15 | Romer John Timothy Director | Buy | 102.00 @ $144.32 | $14.7K |
| 2026-06-12 | Romer John Timothy Director | Buy | 375.00 @ $141.79 | $53.2K |
| 2026-06-08 | CALDERA LOUIS E Director | Award | 1.04K | |
| 2026-06-08 | CAMPBELL MOLLY Director | Award | 1.04K | |
| 2026-06-08 | HERNANDEZ CARLOS M Director | Award | 1.04K | |
| 2026-06-08 | Krusi Alan Director | Award | 1.04K | |
| 2026-06-08 | McNally Michael F Director | Award | 1.50K | |
| 2026-06-08 | Mastin Celeste Beeks Director | Award | 1.04K | |
| 2026-06-08 | Mullen Laura M Director | Award | 1.04K |