Granite Construction (GVA) Operating Expenses (2009 - 2026)

Granite Construction (GVA) posted quarterly Operating Expenses of $107.8 million for Q2 2026, up 25.51% year-over-year from $85.9 million in Q2 2025, and down 23.52% quarter-over-quarter from $141.0 million in Q1 2026.

Granite Construction (GVA) Operating Expenses (2009 - 2026) Analysis & Trends

Granite Construction (GVA) has reported Operating Expenses for 18 consecutive years, with $107.8 million the latest figure, recorded in Q2 2026.

  • In Q2 2026, Operating Expenses rose 25.51% year-over-year to $107.8 million; the TTM figure through Jun 2026 stood at $454.5 million (up 20.27% YoY), while the FY2025 annual figure was $407.6 million, up 21.97% from the prior year.
  • Operating Expenses declined to $107.8 million in Q2 2026 per GVA's latest filing, from $141.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $141.0 million in Q1 2026 and bottomed at $60.1 million in Q2 2022.
  • Historically, Operating Expenses has averaged $86.5 million across 5 years, with a median of $83.2 million in 2023.
  • Annual changes were most pronounced in 2022 — Operating Expenses retreated 20.37% — and 2025, when it surged 31.73%.
  • Granite Construction's Operating Expenses stood at $80.6 million in 2022, then grew by 1.75% to $82.0 million in 2023, then advanced by 3.02% to $84.5 million in 2024, then grew by 23.26% to $104.1 million in 2025, then increased by 3.53% to $107.8 million in 2026.
  • Business Quant data shows GVA's Operating Expenses at $107.8 million in Q2 2026, $141.0 million in Q1 2026, and $104.1 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Quanta Services 98.57 Bn 98.48 Bn 1.55 Bn 698.49 Mn
2 Comfort Systems Usa 69.82 Bn 67.96 Bn 844.23 Mn 287.05 Mn
3 Ferrovial 46.93 Bn 41.94 Bn - -
4 Emcor 35.79 Bn 34.87 Bn 1.02 Bn 475.04 Mn
5 Mastec 25.30 Bn 25.14 Bn 556.28 Mn 206.47 Mn
6 Sterling Infrastructure 18.27 Bn 17.76 Bn 194.30 Mn 49.26 Mn
7 APi 17.00 Bn 16.35 Bn 703.00 Mn 528.00 Mn
8 Jacobs Solutions 15.69 Bn 14.31 Bn 794.89 Mn 876.07 Mn
9 IES Holdings 12.60 Bn 12.34 Bn 254.79 Mn 142.57 Mn
10 Granite Construction 5.04 Bn 4.77 Bn 238.77 Mn 107.79 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 107.79 Mn
Mar 31, 2026 140.95 Mn
Dec 31, 2025 104.12 Mn
Sep 30, 2025 101.65 Mn
Jun 30, 2025 85.89 Mn
Mar 31, 2025 115.91 Mn
Dec 31, 2024 84.47 Mn
Sep 30, 2024 91.65 Mn
Jun 30, 2024 70.05 Mn
Mar 31, 2024 87.99 Mn
Dec 31, 2023 81.99 Mn
Sep 30, 2023 74.79 Mn
Jun 30, 2023 64.56 Mn
Mar 31, 2023 73.12 Mn
Dec 31, 2022 80.57 Mn
Sep 30, 2022 61.80 Mn
Jun 30, 2022 60.12 Mn
Mar 31, 2022 70.12 Mn
Dec 31, 2021 75.62 Mn
Sep 30, 2021 77.60 Mn