Granite Construction (GVA) Gross Margin (2009 - 2026)
Granite Construction's (GVA) quarterly Gross Margin came in at 16.4% in Q2 2026, down 128.0% year-over-year from 58.57% in Q2 2025, and up 36.16% quarter-over-quarter from 12.04% in Q1 2026.
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Granite Construction (GVA) Gross Margin (2009 - 2026) Analysis & Trends
Granite Construction (GVA) has reported Gross Margin for 18 consecutive years, with 16.4% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 128.0% year-over-year to 16.4% in Q2 2026; TTM through Jun 2026 was 15.64%, a 3.0% increase from a year earlier, with the FY2025 full-year figure at 16.07%, up 178.0% from the prior year.
- Gross Margin was 16.4% for Q2 2026 at Granite Construction, up from 12.04% 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 12.88% and a median of 12.15% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 341 bps in 2023 and soared 532 bps in 2024, its largest moves.
- Over 5 years, Gross Margin stood at 12.26% in 2022, then slipped by 18 bps to 10.1% in 2023, then surged by 53 bps to 15.43% in 2024, then retreated by 7 bps to 14.39% in 2025, then rose by 14 bps to 16.4% in 2026.
- The last three Gross Margin figures came in at 16.4% (Q2 2026), 12.04% (Q1 2026), and 14.39% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ferrovial | 41.83 Bn | 38.48 Bn | - | - |
| 2 | Emcor | 33.35 Bn | 32.42 Bn | 1.02 Bn | 19.83% |
| 3 | Jacobs Solutions | 17.11 Bn | 15.93 Bn | 810.70 Mn | 19.89% |
| 4 | Sterling Infrastructure | 14.93 Bn | 14.50 Bn | 289.96 Mn | 24.82% |
| 5 | Aecom | 8.57 Bn | 7.76 Bn | -34.04 Mn | -0.95% |
| 6 | Stantec | 8.39 Bn | 8.39 Bn | 1.36 Bn | 43.88% |
| 7 | Fluor | 7.61 Bn | 4.67 Bn | 179.00 Mn | 4.13% |
| 8 | Installed Building Products | 6.34 Bn | 5.94 Bn | 258.90 Mn | 33.29% |
| 9 | Argan | 5.87 Bn | 5.32 Bn | 74.22 Mn | 19.33% |
| 10 | Granite Construction | 5.22 Bn | 4.36 Bn | 238.77 Mn | 16.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.40% |
| 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% |