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| 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 |