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
DateValue
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%