Granite Construction (GVA) Operating Expenses (2009 - 2026)
Granite Construction (GVA) posted quarterly Operating Expenses of $141.0 million for Q1 2026, up 21.6% YoY from $115.9 million in Q1 2025, and up 35.38% sequentially from $104.1 million in Q4 2025.
Granite Construction (GVA) Operating Expenses (2009 - 2026) Analysis & Trends
Granite Construction has disclosed Operating Expenses across 18 years of filings, most recently posting $141.0 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 21.6% year-over-year to $141.0 million; the TTM figure through Mar 2026 stood at $432.6 million (up 19.48% YoY), while the FY2025 annual figure was $407.6 million, up 21.97% from the prior year.
- Operating Expenses improved to $141.0 million in Q1 2026, from $104.1 million in the prior quarter.
- Over the last five years, Operating Expenses for GVA reached as high as $141.0 million in Q1 2026 and fell as low as $60.1 million in Q2 2022.
- The 5-year median for Operating Expenses is $82.0 million (2023), against an average of $85.3 million.
- Annual changes were most pronounced in 2022 — Operating Expenses retreated 20.37% — and 2025, when it surged 31.73%.
- A 5-year view of Operating Expenses shows it stood at $80.6 million in 2022, then climbed by 1.75% to $82.0 million in 2023, then gained by 3.02% to $84.5 million in 2024, then climbed by 23.26% to $104.1 million in 2025, then soared by 35.38% to $141.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $141.0 million, $104.1 million, and $101.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Stantec | 7,704.08 Bn | 7,704.08 Bn | 914.10 Mn | 666.00 Mn |
| 2 | Quanta Services | 103.60 Bn | 103.33 Bn | 1.11 Bn | 620.73 Mn |
| 3 | Mastec | 30.47 Bn | 30.31 Bn | 477.90 Mn | 297.49 Mn |
| 4 | Sterling Infrastructure | 23.80 Bn | 23.30 Bn | 194.30 Mn | 49.26 Mn |
| 5 | APi | 18.02 Bn | 17.38 Bn | 620.00 Mn | 517.00 Mn |
| 6 | Jacobs Solutions | 14.73 Bn | 13.35 Bn | 794.89 Mn | 876.07 Mn |
| 7 | IES Holdings | 13.95 Bn | 13.69 Bn | 254.79 Mn | 142.57 Mn |
| 8 | Aecom | 8.61 Bn | 7.78 Bn | 296.50 Mn | 57.87 Mn |
| 9 | Everus Construction | 7.72 Bn | 7.42 Bn | 130.73 Mn | 53.05 Mn |
| 10 | Granite Construction | 6.53 Bn | 6.27 Bn | 109.91 Mn | 140.95 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 58.63 Mn |