Granite Construction (GVA) Gross Margin (2009 - 2026)
Granite Construction (GVA) posted quarterly Gross Margin of 12.04% for Q1 2026, up 6.0% YoY from 11.36% in Q1 2025, and down 16.31% sequentially from 14.39% in Q4 2025.
Granite Construction (GVA) Gross Margin (2009 - 2026) Analysis & Trends
Granite Construction has disclosed Gross Margin across 18 years of filings, most recently posting 12.04% for Q1 2026.
- In Q1 2026, Gross Margin rose 6.0% year-over-year to 12.04%; the TTM figure through Mar 2026 stood at 15.9% (up 97.0% YoY), while the FY2025 annual figure was 16.07%, up 178.0% from the prior year.
- Gross Margin retreated to 12.04% in Q1 2026, from 14.39% in the prior quarter.
- Over the last five years, Gross Margin for GVA reached as high as 18.18% in Q3 2025 and fell as low as 5.78% in Q1 2023.
- The 5-year median for Gross Margin is 12.04% (2026), against an average of 12.68%.
- Annual changes were most pronounced in 2023 — Gross Margin sank 341 bps — and 2024, when it jumped 532 bps.
- 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.
- According to Business Quant data, Gross Margin over the past three periods registered 12.04%, 14.39%, and 18.18% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Stantec | 7,704.08 Bn | 7,704.08 Bn | 914.10 Mn | 44.21% |
| 2 | Quanta Services | 103.60 Bn | 103.33 Bn | 1.11 Bn | 14.06% |
| 3 | Mastec | 30.47 Bn | 30.31 Bn | 477.90 Mn | 12.48% |
| 4 | Sterling Infrastructure | 23.80 Bn | 23.30 Bn | 194.30 Mn | 23.53% |
| 5 | APi | 18.02 Bn | 17.38 Bn | 620.00 Mn | 31.28% |
| 6 | Jacobs Solutions | 14.73 Bn | 13.35 Bn | 794.89 Mn | 21.51% |
| 7 | IES Holdings | 13.95 Bn | 13.69 Bn | 254.79 Mn | 26.15% |
| 8 | Aecom | 8.61 Bn | 7.78 Bn | 296.50 Mn | 7.80% |
| 9 | Everus Construction | 7.72 Bn | 7.42 Bn | 130.73 Mn | 12.61% |
| 10 | Granite Construction | 6.53 Bn | 6.27 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% |