Construction was Granite Construction’s largest segment in fiscal 2025, bringing in $3.65B of $4.70B (78%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Construction | — | $2.99B | $3.42B | $3.65B | ||||||||||||
| Constructions | $2.80B | — | — | — | ||||||||||||
| Transportation | — | — | — | — | ||||||||||||
| Specialty | — | — | — | — | ||||||||||||
| Materials | $671.43M | $717.37M | $839.18M | $1.04B | ||||||||||||
| Large Project Construction | — | — | — | — | ||||||||||||
| Water | — | — | — | — | ||||||||||||
| Construction Materials | — | — | — | — | ||||||||||||
| Real Estate | — | — | — | — | ||||||||||||
| Total | $3.48B | $3.71B | $4.25B | $4.70B |
Granite Construction brought in $4.70B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 10.5% from $4.25B in fiscal 2024. Construction was the largest at $3.65B (77.8%), ahead of Materials at $1.04B (22.2%).
Compared with fiscal 2024, Materials grew 24.5% to $1.04B and Construction grew 7.0% to $3.65B.
Granite Construction stopped reporting Constructions as a separate segment after fiscal 2022, when it brought in $2.80B.
Construction was Granite Construction’s largest revenue line in fiscal 2022, bringing in $2.14B of $2.51B (85%).
| Revision of Prior Period | FY 2017 | FY 2018 | FY 2018 | FY 2018 | FY 2018 | FY 2019 | FY 2019 | FY 2019 | FY 2020 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Construction | — | — | — | $3.18B | $474.94M | $1.92B | $2.14B | |||||
| Transportation | $338.21M | $885.72M | $598.65M | — | — | — | — | |||||
| Specialty | $140.69M | $174.17M | $224.46M | — | — | — | — | |||||
| Materials | $41.64M | $97.65M | $129.10M | $380.76M | $72.65M | $420.32M | $373.19M | |||||
| Water | $99.26M | $224.90M | $135.91M | — | — | — | — | |||||
| Total | $619.80M | $1.38B | $1.09B | $3.56B | $547.59M | $2.34B | $2.51B |
Granite Construction brought in $2.51B from its two revenue lines in fiscal 2022, the year ended September 30, 2022. That was up 7.1% from $2.34B in fiscal 2022. Construction was the largest at $2.14B (85.1%), ahead of Materials at $373.19M (14.9%).
Compared with fiscal 2022, Construction grew 11.1% to $2.14B, while Materials fell 11.2% to $373.19M.
Granite Construction began breaking out Construction in fiscal 2020, when it brought in $3.18B. Granite Construction stopped reporting Transportation ($598.65M in fiscal 2019), Specialty ($224.46M in fiscal 2019) and Water ($135.91M in fiscal 2019) as separate revenue lines.
Previously Reported was Granite Construction’s largest revenue line in fiscal 2022, bringing in $2.14B of $2.14B (100%).
| Restatement | FY 2017 | FY 2018 | FY 2018 | FY 2018 | FY 2019 | FY 2019 | FY 2019 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Previously Reported | $338.21M | $403.98M | $598.65M | $474.94M | $1.32B | $2.14B | ||||
| Restated Before Recasting | — | — | — | $72.65M | $1.32B | — | ||||
| Revision Of Prior Period, Reclassification, Adjustment | — | — | — | $101.44M | $187.26M | — | ||||
| Revision Of Prior Period, Error Correction, Adjustment | -$170.00K | $75.53M | $22.09M | — | — | — | ||||
| Revision Of Prior Period, Adjustment | -$3.00K | $1.51M | $1.91M | $1.89M | -$1.89M | -$896.00K | ||||
| Total | $338.04M | $481.02M | $622.65M | $650.92M | $2.82B | $2.14B |
Granite Construction brought in $2.14B from its two revenue lines in fiscal 2022, the year ended September 30, 2022. That is less than the $2.51B it reports by revision of prior period, so these revenue lines do not cover all of its revenue. Previously Reported was the largest at $2.14B (100.0%).
Granite Construction stopped reporting Restated Before Recasting ($1.32B in fiscal 2022), Revision Of Prior Period, Reclassification, Adjustment ($187.26M in fiscal 2022) and Revision Of Prior Period, Error Correction, Adjustment ($22.09M in fiscal 2019) as separate revenue lines. The total is net of Revision Of Prior Period, Adjustment, which took $896.00K off revenue in fiscal 2022.
Granite Construction (GVA) reports its revenue by segment, by revision of prior period and by restatement. In fiscal 2025, Construction was its largest segment, bringing in $3.65B (77.8% of the total), followed by Materials at $1.04B (22.2%).
Construction was Granite Construction's largest segment in fiscal 2025, bringing in $3.65B, or 77.8% of the $4.70B total across its two segments.
Construction was Granite Construction's largest revenue line in fiscal 2022, bringing in $2.14B, or 85.1% of the $2.51B total across its two revenue lines.
Materials grew faster than Construction in fiscal 2025, up 24.5% from $839.18M to $1.04B. Construction grew 7.0% to $3.65B.
Every figure comes from Granite Construction's annual financial filings, as reported. Each line keeps the name Granite Construction gives it, and years follow its fiscal calendar.
Granite Construction's revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.