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| Date | Value |
|---|---|
| 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 |