Granite Construction (GVA) Gross Margin (2009 - 2026)
Granite Construction (GVA) reported Gross Margin of 12.04% for Q1 2026, up 6.0% year-over-year from 11.36% in Q1 2025, and down 16.31% quarter-over-quarter from 14.39% in Q4 2025.
Granite Construction (GVA) Gross Margin (2009 - 2026) Analysis & Trends
Granite Construction (GVA) has 18 years of Gross Margin data on file, last reported at 12.04% in Q1 2026.
- Gross Margin for Q1 2026 came in at 12.04%, up 6.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.9% (up 97.0% YoY), and the FY2025 annual result was 16.07%, up 178.0% from the prior year.
- Gross Margin declined to 12.04% in Q1 2026 per GVA's latest filing, from 14.39% in the prior quarter.
- Over five years, Gross Margin peaked at 18.18% in Q3 2025 and troughed at 5.78% in Q1 2023.
- A 5-year average of 12.68% and a median of 12.04% in 2026 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin tumbled 341 bps in 2023, then jumped 532 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 12.26% in 2022, then dropped by 18 bps to 10.1% in 2023, then soared by 53 bps to 15.43% in 2024, then decreased by 7 bps to 14.39% in 2025, then declined by 16 bps to 12.04% in 2026.
- Business Quant data shows GVA's Gross Margin at 12.04% in Q1 2026, 14.39% in Q4 2025, and 18.18% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 14.06% |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 26.33% |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 18.67% |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 12.48% |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 23.53% |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 31.28% |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | 21.51% |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 26.15% |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | - |
| 10 | Granite Construction | 6.09 Bn | 5.82 Bn | 109.91 Mn | 12.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.04% |
| Dec 31, 2025 | 14.39% |
| Sep 30, 2025 | 18.18% |
| Jun 30, 2025 | 17.68% |
| Mar 31, 2025 | 11.99% |
| Dec 31, 2024 | 15.43% |
| Sep 30, 2024 | 15.91% |
| Jun 30, 2024 | 15.22% |
| Mar 31, 2024 | 8.07% |
| Dec 31, 2023 | 10.10% |
| Sep 30, 2023 | 14.92% |
| Jun 30, 2023 | 11.47% |
| Mar 31, 2023 | 5.78% |
| Dec 31, 2022 | 12.26% |
| Sep 30, 2022 | 11.40% |
| Jun 30, 2022 | 11.49% |
| Mar 31, 2022 | 9.19% |
| Dec 31, 2021 | 7.75% |
| Sep 30, 2021 | 11.29% |
| Jun 30, 2021 | 12.13% |