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.
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Analysis
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 Set
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
Download Data
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% |
API Access
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_KEYimport 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();