Granite Construction (GVA) Return on Invested Capital [ROIC] (2010 - 2026)
Granite Construction (GVA) reported Return on Invested Capital [ROIC] of 16.07% for Q3 2026, up 7.03 percentage points from 9.04% a year earlier and up 2.65 percentage points from the prior quarter.
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Analysis
Granite Construction (GVA) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025, Granite Construction posted Return on Invested Capital [ROIC] of 9.84%, up 1.36 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of +20.85 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 8.48% in FY2024 (+5.80 pp), 2.68% in FY2023 (-2.94 pp), 5.62% in FY2022 (+5.42 pp) and 0.20% in FY2021 (+11.21 pp).
- The Q3 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] in data going back to Q1 2010.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last ten quarters, with an average year-over-year change of +3.70 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q1 2022 (a gain of 12.86 percentage points); the low point was Q4 2023 (a drop of 3.23 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 13.41% (Q2 2026), 9.03% (Q1 2026) and 8.44% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 81.24 Bn | 77.62 Bn | 2.01 Bn | 11.66% |
| 2 | Ferrovial | 42.25 Bn | 20.50 Bn | - | - |
| 3 | Emcor | 26.97 Bn | 23.24 Bn | 1.11 Bn | - |
| 4 | Jacobs Solutions | 17.52 Bn | 12.19 Bn | 810.70 Mn | 5.77% |
| 5 | Mastec | 13.80 Bn | 12.33 Bn | 660.86 Mn | 9.51% |
| 6 | Aecom | 8.57 Bn | 3.69 Bn | -34.04 Mn | 9.89% |
| 7 | Stantec | 8.47 Bn | 7.40 Bn | 1.36 Bn | 37.84% |
| 8 | Sterling Infrastructure | 7.75 Bn | 6.16 Bn | 377.28 Mn | 35.87% |
| 9 | Fluor | 6.43 Bn | -6.77 Bn | 179.00 Mn | 0.00% |
| 10 | Granite Construction | 5.31 Bn | 2.96 Bn | 335.76 Mn | 16.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 16.07% |
| Jun 30, 2026 | 13.41% |
| Mar 31, 2026 | 9.03% |
| Dec 31, 2025 | 8.44% |
| Sep 30, 2025 | 9.04% |
| Jun 30, 2025 | 9.48% |
| Mar 31, 2025 | 8.51% |
| Dec 31, 2024 | 8.19% |
| Sep 30, 2024 | 6.82% |
| Jun 30, 2024 | 5.66% |
| Mar 31, 2024 | 2.28% |
| Dec 31, 2023 | 2.56% |
| Sep 30, 2023 | 2.68% |
| Jun 30, 2023 | 4.28% |
| Mar 31, 2023 | 4.56% |
| Dec 31, 2022 | 5.79% |
| Sep 30, 2022 | 3.33% |
| Jun 30, 2022 | 0.62% |
| Mar 31, 2022 | 1.15% |
| Dec 31, 2021 | -0.21% |
API Access
Granite Construction Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=GVA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "GVA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=GVA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();