Granite Construction (GVA) Operating Margin (2009 - 2026)
Granite Construction's (GVA) quarterly Operating Margin came in at 8.71% in Q2 2026, down 49.0% year-over-year from 17.08% in Q2 2025, and up 355.28% quarter-over-quarter from 3.41% in Q1 2026.
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Granite Construction (GVA) Operating Margin (2009 - 2026) Analysis & Trends
Granite Construction (GVA) has reported Operating Margin for 18 consecutive years, with 8.71% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin fell 49.0% year-over-year to 8.71% in Q2 2026; TTM through Jun 2026 was 6.33%, a 72.0% increase from a year earlier, with the FY2025 full-year figure at 6.38%, up 121.0% from the prior year.
- Operating Margin was 8.71% for Q2 2026 at Granite Construction, up from 3.41% in the prior quarter.
- Over five years, Operating Margin peaked at 10.02% in Q3 2025 and troughed at 7.72% in Q1 2023.
- A 5-year average of 3.0% and a median of 4.46% in 2022 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin soared 947 bps in 2022 and plunged 532 bps in 2023, its largest moves.
- Over 5 years, Operating Margin stood at 2.11% in 2022, then climbed by 5 bps to 2.21% in 2023, then soared by 180 bps to 6.2% in 2024, then rose by 4 bps to 6.43% in 2025, then soared by 35 bps to 8.71% in 2026.
- The last three Operating Margin figures came in at 8.71% (Q2 2026), 3.41% (Q1 2026), and 6.43% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ferrovial | 40.46 Bn | 37.11 Bn | - | - |
| 2 | Emcor | 34.53 Bn | 33.61 Bn | 1.02 Bn | 10.62% |
| 3 | Jacobs Solutions | 16.62 Bn | 15.43 Bn | 810.70 Mn | 7.03% |
| 4 | Sterling Infrastructure | 15.68 Bn | 15.25 Bn | 289.96 Mn | 18.77% |
| 5 | Aecom | 8.18 Bn | 7.37 Bn | -34.04 Mn | -2.12% |
| 6 | Stantec | 7.95 Bn | 7.95 Bn | 1.36 Bn | 12.86% |
| 7 | Fluor | 7.35 Bn | 4.40 Bn | 179.00 Mn | 3.12% |
| 8 | Argan | 5.81 Bn | 5.26 Bn | 74.22 Mn | 14.79% |
| 9 | Installed Building Products | 5.43 Bn | 5.03 Bn | 258.90 Mn | 12.16% |
| 10 | Granite Construction | 5.20 Bn | 4.34 Bn | 238.77 Mn | 8.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.71% |
| Mar 31, 2026 | -3.41% |
| Dec 31, 2025 | 6.43% |
| Sep 30, 2025 | 10.02% |
| Jun 30, 2025 | 9.20% |
| Mar 31, 2025 | -5.68% |
| Dec 31, 2024 | 6.20% |
| Sep 30, 2024 | 8.18% |
| Jun 30, 2024 | 7.93% |
| Mar 31, 2024 | -6.44% |
| Dec 31, 2023 | 2.21% |
| Sep 30, 2023 | 6.61% |
| Jun 30, 2023 | 3.21% |
| Mar 31, 2023 | -7.72% |
| Dec 31, 2022 | 2.11% |
| Sep 30, 2022 | 5.42% |
| Jun 30, 2022 | 3.50% |
| Mar 31, 2022 | -2.40% |
| Dec 31, 2021 | -0.23% |
| Sep 30, 2021 | 4.12% |