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

Granite Construction (GVA) reported Operating Expenses of $141.0 million for Q1 2026, up 21.6% year-over-year from $115.9 million in Q1 2025, and up 35.38% quarter-over-quarter from $104.1 million in Q4 2025.

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

Granite Construction (GVA) has 18 years of Operating Expenses data on file, last reported at $141.0 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $141.0 million, up 21.6% year-over-year; the trailing twelve-month figure through Mar 2026 was $432.6 million (up 19.48% YoY), and the FY2025 annual result was $407.6 million, up 21.97% from the prior year.
  • Operating Expenses advanced to $141.0 million in Q1 2026 per GVA's latest filing, from $104.1 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $141.0 million in Q1 2026 and troughed at $60.1 million in Q2 2022.
  • A 5-year average of $85.3 million and a median of $82.0 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses retreated 20.37% in 2022, then surged 31.73% in 2025.
  • 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.
  • Business Quant data shows GVA's Operating Expenses at $141.0 million in Q1 2026, $104.1 million in Q4 2025, and $101.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Quanta Services 103.56 Bn 103.29 Bn 1.11 Bn 620.73 Mn
2 Comfort Systems Usa 64.33 Bn 63.28 Bn 754.41 Mn 269.00 Mn
3 Emcor 36.81 Bn 35.90 Bn 863.95 Mn 460.11 Mn
4 Mastec 27.54 Bn 27.38 Bn 477.90 Mn 297.49 Mn
5 Sterling Infrastructure 25.78 Bn 25.28 Bn 194.30 Mn 49.26 Mn
6 APi 18.83 Bn 18.18 Bn 620.00 Mn 517.00 Mn
7 Jacobs Solutions 14.81 Bn 13.43 Bn 794.89 Mn 876.07 Mn
8 IES Holdings 14.35 Bn 14.09 Bn 254.79 Mn 142.57 Mn
9 Dycom Industries 13.61 Bn 12.90 Bn - -
10 Granite Construction 6.09 Bn 5.82 Bn 109.91 Mn 140.95 Mn

Historic Data

Download Data
DateValue
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