Construction was Granite Construction’s largest segment in fiscal 2025, bringing in $3.65B of $4.42B (83%).
| 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 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Construction | — | $2.99B | $3.42B | $3.65B | |||||||||||||
| Constructions | $2.80B | — | — | — | |||||||||||||
| Transportation | — | — | — | — | |||||||||||||
| Large Project Construction | — | — | — | — | |||||||||||||
| Materials | $671.43M | $717.37M | $839.18M | $1.04B | |||||||||||||
| Specialty | — | — | — | — | |||||||||||||
| Water | — | — | — | — | |||||||||||||
| Construction Materials | — | — | — | — | |||||||||||||
| Real Estate | — | — | — | — | |||||||||||||
| Intersegment Eliminations | — | — | — | — | |||||||||||||
| Consolidation, Eliminations | -$174.11M | -$200.49M | -$246.83M | -$275.23M | |||||||||||||
| Total | $3.30B | $3.51B | $4.01B | $4.42B |
Granite Construction brought in $4.42B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 10.4% from $4.01B in fiscal 2024. Construction was the largest at $3.65B (82.6%), ahead of Materials at $1.04B (23.6%).
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. The total is net of Consolidation, Eliminations, which took $275.23M off revenue in fiscal 2025.
Construction was Granite Construction’s largest product and service line in fiscal 2021, bringing in $3.08B of $3.50B (88%).
| Product and Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|---|
| Construction | — | $2.58B | $3.18B | $3.08B | |
| Transportation | $1.95B | — | — | — | |
| Specialty | $625.67M | — | — | — | |
| Materials | $368.75M | $339.09M | $380.76M | $425.68M | |
| Water | $345.86M | — | — | — | |
| Total | $3.29B | $2.91B | $3.56B | $3.50B |
Granite Construction brought in $3.50B from its two product and service lines in fiscal 2021, the year ended December 31, 2021. That was down 1.7% from $3.56B in fiscal 2020. Construction was the largest at $3.08B (87.8%), ahead of Materials at $425.68M (12.2%).
Compared with fiscal 2020, Materials grew 11.8% to $425.68M, while Construction fell 3.3% to $3.08B.
Granite Construction began breaking out Construction in fiscal 2019, when it brought in $2.58B. Granite Construction stopped reporting Transportation ($1.95B in fiscal 2018), Specialty ($625.67M in fiscal 2018) and Water ($345.86M in fiscal 2018) as separate lines.
Previously Reported was Granite Construction’s largest revenue line in fiscal 2017, bringing in $2.99B of $2.96B (101%).
| Revision of Prior Period | FY 2017 |
|---|---|
| Previously Reported | $2.99B |
| Revision Of Prior Period, Adjustment | $3.81M |
| Revision Of Prior Period, Error Correction, Adjustment | -$35.15M |
| Total | $2.96B |
Granite Construction brought in $2.96B from its three revenue lines in fiscal 2017, the year ended December 31, 2017. Previously Reported was the largest at $2.99B (101.1%), ahead of Revision Of Prior Period, Adjustment at $3.81M (0.1%).
The total is net of Revision Of Prior Period, Error Correction, Adjustment, which took $35.15M off revenue in fiscal 2017.
Granite Construction (GVA) reports its revenue by segment, by product and service and by revision of prior period. In fiscal 2025, Construction was its largest segment, bringing in $3.65B (82.6% of the total), followed by Materials at $1.04B (23.6%).
Construction was Granite Construction's largest segment in fiscal 2025, bringing in $3.65B, or 82.6% of the $4.42B total across its three segments.
Construction was Granite Construction's largest product and service line in fiscal 2021, bringing in $3.08B, or 87.8% of the $3.50B total across its two product and service lines.
Previously Reported was Granite Construction's largest revenue line in fiscal 2017, bringing in $2.99B, or 101.1% of the $2.96B total across its three 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.