GVA vs STN vs EME Stock Comparison

Granite Construction, Stantec and Emcor Prices as of Oct 27, 2026 Peers: Industry group
GVA Granite Construction Inc
$110.49 -4.1% 1M +6.4% 1Y
Market cap
$4.84B
P/E
–
Revenue (TTM)
$4.97B
Div. yield
0.47%
Engineering and Construction Industrials
2 wins
STN Stantec Inc
$70.73 +2.5% 1M -37.0% 1Y
Market cap
$8.07B
P/E
12.4x
Revenue (TTM)
$10.51B
Div. yield
1.34%
Engineering and Construction Industrials
7 wins
EME EMCOR Group, Inc.
$666.57 -12.6% 1M -11.7% 1Y
Market cap
$29.49B
P/E
20.6x
Revenue (TTM)
$18.60B
Div. yield
0.24%
Engineering and Construction Industrials
3 wins

Head to Head

12 decided of 12

Stantec leads on 7 of the 12 questions below (Stantec 7, Emcor 3, Granite Construction 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGVASTNEMELeader
Larger companyMarket capitalisation $4.84B $8.07B $29.49B EME
Cheaper on earningsLower P/E, profitable companies only -29.3x 12.4x 20.6x STN
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 15.3x 19.2x STN
Faster revenue growthRevenue growth, trailing twelve months +21.8% +9.4% +18.9% GVA
More profitableNet margin, trailing twelve months -3.3% 6.2% 7.7% EME
Better return on capitalReturn on invested capital 13.4% 37.8% — STN
Less leveragedLower net debt / EBITDA 1.3x 0.0x — STN
Higher dividend yieldTrailing dividend yield 0.47% 1.34% 0.24% STN
Better 1-year returnPrice return, last 12 months +6.4% -37.0% -11.7% GVA
Better 5-year returnAnnualised price return, 5 years +23.9%/yr +4.8%/yr +39.9%/yr EME
Less volatileAnnualised volatility, 1 year 33.1% 30.3% 45.4% STN
Higher overall scoreMean of the five percentile scores vs peers 57/100 73/100 65/100 STN

Percentile Scorecard

GVASTNEME

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisGVASTNEME
Valuation 84 #9 of 52 92 #5 of 52 59 #22 of 52
Growth 50 #19 of 37 36 #24 of 37 56 #17 of 37
Profitability 50 #19 of 37 89 #5 of 37 86 #6 of 37
Financial Health 36 #37 of 57 79 #13 of 57 70 #18 of 57
Shareholder Returns 65 #10 of 27 69 #9 of 27 54 #13 of 27
Overall 57 73 65
  • GVA ranked among 57 companies in Construction Services
  • STN ranked among 57 companies in Construction Services
  • EME ranked among 57 companies in Construction Services

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodGVASTNEMESPY
1 month -4.1%+2.5%-12.6% -0.2%
3 months -8.9%-1.6%-5.6% +3.9%
6 months -11.5%-21.3%-22.8% +8.2%
Year to date -4.2%-25.0%+9.0% +12.9%
1 year +6.4%-37.0%-11.7% +12.3%
3 years +222.4%+18.0%+224.6% +87.4%
3 years, per year +47.8%+5.7%+48.1% +23.3%
5 years +192.0%+26.3%+435.6% +67.9%
5 years, per year +23.9%+4.8%+39.9% +10.9%
10 years +158.7%+216.6%+1,015.6% +261.1%
10 years, per year +10.0%+12.2%+27.3% +13.7%

Risk

MeasureGVASTNEMESPY
Volatility, 1Y 33.1%30.3%45.4% 12.7%
Downside volatility, 1Y 33.6%34.5%48.2% 12.7%
Beta vs S&P 500, 1Y 0.970.761.93 1.00
Return / volatility, 1Y 0.19-1.22-0.26 0.97
Max drawdown, 5Y -40.4%-41.3%-36.2% -25.4%
From 52-week high -31.1%-37.8%-29.4% -1.2%
52-week high $160.39$113.70$943.75 $779.14
52-week low $98.50$66.69$581.58 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleGVASTNEME
P/E now vs peer median -29.3xmedian 26.7x 12.4xmedian 26.7x 20.6xmedian 26.7x
P/S now vs peer median 1.0xmedian 0.8x 0.8xmedian 0.8x 1.6xmedian 0.8x
EV/EBITDA now vs peer median 10.8xmedian 13.1x 5.1xmedian 13.1x 13.4xmedian 13.1x
P/FCF now vs peer median 10.2xmedian 23.0x 15.3xmedian 23.0x 25.2xmedian 23.0x
P/B now vs peer median 6.0xmedian 2.4x 3.4xmedian 2.4x 7.2xmedian 2.4x
PEG now vs peer median 0.40median 0.57 0.60median 0.57 0.44median 0.57

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsGVASTNEME
Revenue $4.97B $10.51B $18.60B
Gross profit $776.94M $4.58B $3.61B
Operating income $314.31M $1.23B $1.93B
Net income -$151.53M $536.90M $1.44B
Free cash flow $471.91M $528.58M $1.17B
EPS (diluted) $-3.77 $5.72 $32.30
Cash & equivalents $877.12M $265.54M $924.41M
Total debt $1.56B $2.38B –
Shares (diluted) 43.75M 114.07M 44.55M
Enterprise value $2.51B $7.00B $25.88B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricGVASTNEME
P/E -29.3x 12.4x 20.6x
P/FCF 10.2x 15.3x 25.2x
P/Operating cash flow 8.0x 17.3x 22.9x
P/S 1.0x 0.8x 1.6x
P/B 6.0x 3.4x 7.2x
P/Tangible book 8.1x 4.0x 9.8x
EV/EBITDA 10.8x 5.1x 13.4x
EV/EBIT 17.4x 6.5x 14.8x
EV/Revenue 1.1x 0.8x 1.5x
EV/FCF 11.6x 15.2x 24.4x
EV/Operating cash flow 9.1x 17.2x 22.1x
PEG (3Y EPS CAGR) 0.40 0.60 0.44

Growth

14 metrics
MetricGVASTNEME
Revenue growth (1Y) 21.8% 9.4% 18.9%
Revenue CAGR (3Y) 15.1% 10.4% 16.7%
Gross profit growth (1Y) 22.0% 10.5% 18.5%
Gross profit CAGR (3Y) 30.8% 11.2% 26.3%
Operating income growth (1Y) 37.5% 20.5% 29.9%
Operating income CAGR (3Y) 76.7% 16.5% 41.7%
Net income growth (1Y) -185.3% 24.6% 30.2%
Net income CAGR (3Y) -85.3% 15.4% 43.8%
EPS growth (1Y) -225.5% 24.6% 31.5%
EPS CAGR (3Y) -73.5% 20.6% 47.0%
Operating cash flow growth (1Y) 37.6% -13.0% -0.6%
Operating cash flow CAGR (3Y) 147.4% 15.5% 20.8%
Free cash flow growth (1Y) 52.7% -10.2% -3.1%
Free cash flow CAGR (3Y) 94.5% 24.6% 20.3%

Profitability

14 metrics
MetricGVASTNEME
Gross margin 15.6% 43.6% 19.4%
EBITDA margin 10.2% 14.9% 11.5%
Operating margin 6.3% 11.7% 10.4%
Pretax margin -1.3% 11.3% 10.5%
Net margin -3.3% 6.2% 7.7%
FCF margin 9.5% 5.0% 6.3%
Operating cash flow margin 12.2% 4.4% 6.9%
Return on equity -14.8% 36.3% 36.2%
Return on assets -3.3% 15.1% 14.6%
Return on invested capital 13.4% 37.8% –
Return on capital employed 16.9% 28.3% 41.9%
Asset turnover 1.2x 1.8x 1.9x
Cash conversion (OCF / net income) -4.0x 0.9x 0.9x
Stock comp / revenue 1.0% 0.3% 0.1%

Financial Health

11 metrics
MetricGVASTNEME
Debt / assets 32.6% 3.9% –
Debt / equity 1.9x 0.1x –
Net debt / EBITDA 1.3x 0.0x –
Debt / FCF 3.3x 0.4x –
Liabilities / assets 83.1% 58.6% 59.8%
Equity / assets 16.9% 41.4% 40.2%
Interest coverage 4.5x 9.6x –
Current ratio 1.0x 1.5x 1.3x
Quick ratio 0.9x 1.0x 1.2x
Cash ratio 0.4x 0.2x 0.2x
Altman Z-score 2.12 – 6.46

Shareholder Returns

7 metrics
MetricGVASTNEME
Dividend yield 0.5% 1.3% 0.2%
Net buyback yield 1.1% – 1.4%
Shareholder yield 1.5% 1.3% 1.7%
Payout ratio (earnings) -15.0% – 4.0%
Payout ratio (FCF) 4.8% – 4.9%
Dividend growth (1Y) 0.1% – 26.6%
Dividend CAGR (3Y) -0.1% – 25.6%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusGVASTNEME
Forward P/E – 15.3xFY2026 19.2xFY2026
EPS, next fiscal year $-3.74FY2026 $4.62FY2026 $34.73FY2026
EPS growth, next FY -196.9%FY2026 +19.7%FY2026 +34.2%FY2026
EPS growth, the year after – +2.6% +10.7%
Revenue, next fiscal year $5.09BFY2026 $4.75BFY2026 $19.07BFY2026
Revenue growth, next FY +15.2%FY2026 +0.4%FY2026 +12.2%FY2026
Revenue growth, the year after +12.2% +7.6% +13.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGVASTNEME
Held by institutions 100.0% 62.0% 93.1%
Institutions holding 445 293 1,235
Change in shares held, QoQ -3.0% +2.8% -0.1%
Institutions buying 239 162 659
Institutions selling 151 87 419
Buyers to sellers 1.58 1.86 1.57

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

GVASTNEME
GVA 1.00 0.28 0.41
STN 0.28 1.00 0.10
EME 0.41 0.10 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GVA, STN and EME?

Emcor (EME) is the largest by market capitalisation: Granite Construction (GVA) $4.84B, Stantec (STN) $8.07B, Emcor (EME) $29.49B.

Which stock is cheaper, GVA, STN and EME?

Stantec (STN) trades on the lowest price-to-earnings ratio (Granite Construction (GVA) -29.3x, Stantec (STN) 12.4x, Emcor (EME) 20.6x). On next year's consensus earnings, Stantec (STN) is cheapest (Stantec (STN) 15.3x, Emcor (EME) 19.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Granite Construction (GVA) grew revenue fastest over the trailing twelve months: Granite Construction (GVA) +21.8%, Stantec (STN) +9.4%, Emcor (EME) +18.9%.

Which company is more profitable?

Emcor (EME) has the highest net margin (Granite Construction (GVA) -3.3%, Stantec (STN) 6.2%, Emcor (EME) 7.7%). On return on invested capital, Stantec (STN) leads (Granite Construction (GVA) 13.4%, Stantec (STN) 37.8%).

Which stock has performed better?

Over the past year Granite Construction (GVA) returned the most: Granite Construction (GVA) +6.4%, Stantec (STN) -37.0%, Emcor (EME) -11.7%. Over five years, Emcor (EME) compounded fastest (Granite Construction (GVA) +23.9%/yr, Stantec (STN) +4.8%/yr, Emcor (EME) +39.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Stantec (STN) has the highest dividend yield: Granite Construction (GVA) 0.47%, Stantec (STN) 1.34%, Emcor (EME) 0.24%.

Which stock is riskier?

By one-year price volatility, Stantec (STN) has been the steadiest (Granite Construction (GVA) 33.1%, Stantec (STN) 30.3%, Emcor (EME) 45.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, GVA, STN and EME?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Stantec (STN) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.