Granite Construction (GVA) Operating Margin (2009 - 2026)
Granite Construction (GVA) posted quarterly Operating Margin of 8.71% for 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.
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.
- In Q2 2026, Operating Margin fell 49.0% year-over-year to 8.71%; the TTM figure through Jun 2026 stood at 6.33% (up 72.0% YoY), while the FY2025 annual figure was 6.38%, up 121.0% from the prior year.
- Operating Margin advanced to 8.71% in Q2 2026 per GVA's latest filing, from 3.41% in the prior quarter.
- Across five years, Operating Margin topped out at 10.02% in Q3 2025 and bottomed at 7.72% in Q1 2023.
- Historically, Operating Margin has averaged 2.97% across 5 years, with a median of 4.73% in 2022.
- Annual changes were most pronounced in 2022 — Operating Margin jumped 947 bps — and 2023, when it tumbled 532 bps.
- Granite Construction's Operating Margin stood at 1.06% in 2022, then surged by 108 bps to 2.21% in 2023, then surged by 180 bps to 6.2% in 2024, then advanced by 4 bps to 6.43% in 2025, then surged by 35 bps to 8.71% in 2026.
- Business Quant data shows GVA's Operating Margin at 8.71% in Q2 2026, 3.41% in Q1 2026, and 6.43% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.14 Bn | 102.64 Bn | 1.55 Bn | 7.27% |
| 2 | Comfort Systems Usa | 61.68 Bn | 59.83 Bn | 844.23 Mn | 17.09% |
| 3 | Ferrovial | 47.82 Bn | 42.82 Bn | - | - |
| 4 | Emcor | 36.19 Bn | 35.27 Bn | 1.02 Bn | 10.62% |
| 5 | Mastec | 20.74 Bn | 20.42 Bn | 556.28 Mn | 5.17% |
| 6 | APi | 17.43 Bn | 16.58 Bn | 703.00 Mn | 7.76% |
| 7 | Jacobs Solutions | 16.49 Bn | 15.11 Bn | 794.89 Mn | -2.20% |
| 8 | Sterling Infrastructure | 16.24 Bn | 15.73 Bn | 194.30 Mn | 16.69% |
| 9 | IES Holdings | 14.76 Bn | 14.37 Bn | 340.66 Mn | 14.37% |
| 10 | Granite Construction | 5.42 Bn | 4.51 Bn | 238.77 Mn | 8.71% |
Historic Data
Download 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 | 5.95% |
| Jun 30, 2022 | 3.50% |
| Mar 31, 2022 | -2.40% |
| Dec 31, 2021 | -0.23% |
| Sep 30, 2021 | 4.12% |