Granite Construction (GVA) Tax Rate (2009 - 2025)
Granite Construction (GVA) recorded Tax Rate of -13.47% in Q2 2026, down 38.78 percentage points from 25.30% a year earlier and down 38.46 percentage points from the prior quarter.
Granite Construction (GVA) Tax Rate (2009 - 2025) Analysis & Trends
On a TTM basis, Granite Construction's Tax Rate came in at -110.01% as of Jun 30, 2026, down 134.71 percentage points year-over-year; for FY2025, it was 23.71%, down 4.71 percentage points from FY2024.
- Annual Tax Rate has a five-year change of +23.54 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 28.42% in FY2024 (-22.15 pp), 50.57% in FY2023 (+36.45 pp), 14.12% in FY2022 (-74.98 pp) and 89.09% in FY2021 (+88.92 pp).
- The Q2 2026 figure is the lowest quarterly Tax Rate since Q2 2023.
- On a year-over-year basis, Tax Rate has declined for three consecutive quarters, with an average year-over-year change of -7.17 percentage points over the last eight quarters.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 655.65 percentage points in Q4 2022, against a drop of 679.37 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 24.98% (Q1 2026), 20.17% (Q4 2025) and 25.85% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 105.43 Bn | 103.51 Bn | 1.55 Bn | 25.53% |
| 2 | Ferrovial | 36.40 Bn | 14.95 Bn | - | - |
| 3 | Emcor | 34.82 Bn | 31.21 Bn | 1.02 Bn | 26.82% |
| 4 | Mastec | 17.48 Bn | 16.26 Bn | 556.28 Mn | 24.77% |
| 5 | Sterling Infrastructure | 16.43 Bn | 14.76 Bn | 289.96 Mn | 23.33% |
| 6 | Jacobs Solutions | 16.05 Bn | 10.72 Bn | 810.70 Mn | 43.37% |
| 7 | IES Holdings | 12.34 Bn | 11.20 Bn | 340.66 Mn | 25.04% |
| 8 | Dycom Industries | 8.18 Bn | 7.31 Bn | - | - |
| 9 | Stantec | 7.61 Bn | 7.61 Bn | - | 24.69% |
| 10 | Granite Construction | 5.03 Bn | 2.66 Bn | 238.77 Mn | - |
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 20.17% |
| Sep 30, 2025 | 25.85% |
| Jun 30, 2025 | 25.30% |
| Dec 31, 2024 | 28.89% |
| Sep 30, 2024 | 23.27% |
| Jun 30, 2024 | 34.75% |
| Dec 31, 2023 | 27.63% |
| Sep 30, 2023 | 28.06% |
| Dec 31, 2022 | 22.76% |
| Jun 30, 2022 | 30.69% |
| Sep 30, 2021 | 21.55% |
| Jun 30, 2021 | 22.77% |
| Dec 31, 2020 | 46.48% |
| Sep 30, 2019 | 20.79% |
| Sep 30, 2018 | 15.12% |
| Jun 30, 2018 | 46.42% |
| Dec 31, 2017 | 81.92% |
| Sep 30, 2017 | 30.66% |
| Jun 30, 2017 | 33.20% |
| Dec 31, 2016 | 35.54% |
Granite Construction Tax Rate 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=tax-rate&ticker=GVA&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=GVA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();