Granite Construction
Builds civil infrastructure and supplies aggregates and asphalt through vertically integrated local operations.
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Profile
Builds and rehabilitates roads, bridges, airports, water systems, tunnels, and other civil infrastructure, while producing aggregates and asphalt for internal projects and third-party customers. Construction revenue is predominantly public-sector, and vertically integrated local materials networks support project delivery across U.S. home markets.
Builds and rehabilitates roads, bridges, rail lines, airports, ports, dams, water systems, tunnels, and other civil infrastructure for public and private clients. The Construction segment also covers site development, mining, solar and battery-storage projects, while national divisions handle federal, tunnel, industrial-and-energy, and water-well work across the United States and Guam.
Produces aggregates, asphalt concrete, liquid asphalt, and recycled materials through the Materials segment. Owned and leased reserves and processing plants feed internal projects and third-party sales, pairing local market knowledge with selective bidding and collaborative delivery methods.
Operates primarily in the United States, across western, southern, and Midwestern home markets. Government agencies fund most Construction revenue; results therefore depend on public infrastructure appropriations, procurement compliance, materials permits, and controlling labor, material, and subcontractor costs under fixed-price and fixed-unit-price contracts.
Company facts
Key statistics
Year to date +3.3% · Average volume (30d) 791.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 31, 2026 | Oppenheimer | Reiterate | Outperform | $170 | $180 | |
| Jul 31, 2026 | Goldman Sachs | Reiterate | Sell | $139 | $119 | |
| Jul 9, 2026 | Goldman Sachs | Downgrade | Neutral | Sell | $132 | $139 |
| Jun 25, 2026 | Stephens | Initiate | Overweight | $180 | ||
| May 28, 2026 | Oppenheimer | Target | $170 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $2.25 | $2.16 | −4.0% | $1.41B | $1.46B | +3.1% | −2.51% |
| Apr 30, 2026Q1 FY26 | −$0.77 | −$0.26 | +66.1% | $782.3M | $912.5M | +16.6% | +1.71% |
| Feb 12, 2026Q4 FY25 | $1.34 | $1.40 | +4.5% | $1.15B | $1.17B | +1.5% | +1.32% |
| Nov 6, 2025Q3 FY25 | $2.56 | $2.70 | +5.5% | $1.15B | $1.43B | +24.9% | −0.90% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $699.5M | $1.13B | $1.43B | $1.17B | $912.5M | $1.46B | |
| Gross profit | $83.8M | $199.1M | $260.5M | $167.7M | $109.9M | $238.8M | |
| Operating income | −$39.8M | $103.6M | $143.7M | $60.9M | −$34.1M | $125.6M | |
| Net income | −$33.7M | $71.7M | $102.9M | $52.0M | −$41.7M | −$278.2M | |
| Diluted EPS | −$0.77 | $1.42 | $1.98 | $0.97 | −$0.96 | −$6.36 | |
| Gross margin | 12.0% | 17.7% | 18.2% | 14.4% | 12.0% | 16.4% | |
| Operating margin | -5.7% | 9.2% | 10.0% | 5.2% | -3.7% | 8.6% |
Fiscal years (4-quarter sums)FY21 $2.78B · FY22 $3.30B · FY23 $3.51B · FY24 $4.01B · FY25 $4.42B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.05B · Total debt $1.73B · Total assets $4.78B · Shareholders' equity $752.7M
Dividends
Raised for 34 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.13 | |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.13 | |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.13 | |
| Sep 30, 2025 | Sep 30 | Oct 15 | $0.13 | |
| Jun 30, 2025 | Jun 30 | Jul 15 | $0.13 | |
| Mar 31, 2025 | Mar 31 | Apr 15 | $0.13 | |
| Dec 31, 2024 | Dec 31 | Jan 15 | $0.13 | |
| Sep 30, 2024 | Sep 30 | Oct 15 | $0.13 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 43.76M · Float 43.43M · 99.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.87M | 15.69% | 13F | Aug 7, 2026 |
| FMR LLC | 5.71M | 13.04% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 2.44M | 5.58% | 13F | Aug 13, 2026 |
| State Street Corp | 2.33M | 5.32% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 1.97M | 4.50% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 6, 2026 | Carlos M. Hernandez | director | +400 | $123.99 |
| Jun 12, 2026 | John Timothy Romer | director | +375 | $141.79 |
| Jun 15, 2026 | John Timothy Romer | director | +375 | $143.65 |
| Jun 8, 2026 | Bradley Jay Williams | officer: Senior Vice President | −6,734 | $141.00 |
| Jun 8, 2026 | Michael G. Tatusko | officer: Senior Vice President | −7,500 | $141.00 |
Peers
- Construction Partners
Vertically integrated roadwork and asphalt in Sunbelt markets
- CRH
Scaled North American materials, asphalt, and road solutions
- Sterling Infrastructure
Transportation and site-development contractor with data-center tilt
- Tutor Perini
Heavy civil public works across transit, bridges, and tunnels
- Primoris Services
Infrastructure services in utilities, energy, and public works
- Vulcan Materials
Largest US aggregates supplier with asphalt and concrete overlap
- Martin Marietta
Aggregates-led materials supplier with asphalt and paving overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Granite Construction | $122.52 | −0.02% | $5.36B | — | 17.5 | 1.1 | +29.3% |
| Construction Partners | $110.10 | +0.10% | $6.22B | 43.3 | 30.3 | 1.8 | +28.3% |
| CRH | $95.86 | −0.03% | $64.05B | 15.1 | 22.7 | 1.1 | +5.6% |
| Sterling Infrastructure | $472.30 | +0.40% | $14.44B | 33.9 | 21.2 | 4.2 | +90.1% |
| Tutor Perini | $88.84 | 0.00% | $4.69B | 38.3 | 20.0 | 0.8 | +19.2% |
| Primoris Services | $73.53 | +0.53% | $3.97B | 28.8 | 18.5 | 0.5 | −10.7% |
| Vulcan Materials | $274.03 | −0.20% | $35.57B | 32.4 | 27.8 | 4.4 | +2.5% |
| Martin Marietta | $530.45 | −0.09% | $31.90B | 13.0 | 26.9 | 4.8 | +7.5% |
| Median | 32.4 | 22.7 | 1.8 | +7.5% |