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GVA 
Granite Construction Incorporated (GVA)
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Upturn Advisory Summary
12/08/2025: GVA (4-star) is a STRONG-BUY. BUY since 3 days. Simulated Profits (-0.08%). Updated daily EoD!
Upturn Star Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $130.2
1 Year Target Price $130.2
| 2 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 83.21% | Avg. Invested days 63 | Today’s Advisory Strong Buy |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 12/08/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.75B USD | Price to earnings Ratio 29.62 | 1Y Target Price 130.2 |
Price to earnings Ratio 29.62 | 1Y Target Price 130.2 | ||
Volume (30-day avg) 3 | Beta 1.33 | 52 Weeks Range 68.90 - 112.03 | Updated Date 12/9/2025 |
52 Weeks Range 68.90 - 112.03 | Updated Date 12/9/2025 | ||
Dividends yield (FY) 0.48% | Basic EPS (TTM) 3.66 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 4.31% | Operating Margin (TTM) 11.09% |
Management Effectiveness
Return on Assets (TTM) 4.62% | Return on Equity (TTM) 18.33% |
Valuation
Trailing PE 29.62 | Forward PE 17.42 | Enterprise Value 5518694005 | Price to Sales(TTM) 1.12 |
Enterprise Value 5518694005 | Price to Sales(TTM) 1.12 | ||
Enterprise Value to Revenue 1.3 | Enterprise Value to EBITDA 11.85 | Shares Outstanding 43649806 | Shares Floating 43158746 |
Shares Outstanding 43649806 | Shares Floating 43158746 | ||
Percent Insiders 1.1 | Percent Institutions 119.66 |
Upturn AI SWOT
Granite Construction Incorporated
Company Overview
History and Background
Granite Construction Incorporated was founded in 1922 by Arthur C. Thompson. It started as a small paving company in Watsonville, California. Over the decades, Granite has grown into a diversified infrastructure construction company. Key milestones include its expansion into a publicly traded company in 1990, significant acquisitions that broadened its service offerings, and its role in major infrastructure projects across the United States.
Core Business Areas
- Heavy Civil Construction: Focuses on large-scale public and private infrastructure projects, including highways, bridges, tunnels, dams, levees, and airports. This segment involves site development, excavation, concrete and asphalt paving, and structural construction.
- Building Construction: Engages in the construction of various building types, including commercial, institutional, and industrial facilities. This includes new construction, renovations, and seismic retrofits.
- Construction Materials: Operates a network of aggregate quarries, asphalt plants, and concrete plants to supply materials for its own projects and for sale to third parties. This segment provides a vertical integration advantage.
Leadership and Structure
Granite Construction Incorporated is led by a Board of Directors and a senior executive team. The current CEO is Kyle W. Larkin. The company is structured to manage its diverse construction and materials operations, with various regional offices and specialized divisions to oversee specific project types and markets.
Top Products and Market Share
Key Offerings
- Highway and Transportation Infrastructure: Includes the construction and rehabilitation of highways, roads, bridges, and airports. This is a significant revenue driver, leveraging the company's expertise in paving and heavy civil works. Competitors include Flatiron Construction, Skanska USA, and Tutor Perini Corporation.
- Water and Wastewater Systems: Involves the construction and upgrade of water treatment plants, wastewater treatment facilities, pipelines, and storm drains. This is a growing area driven by aging infrastructure and regulatory requirements. Competitors include MWH Constructors, Black & Veatch, and Parsons Corporation.
- Aggregate and Asphalt Materials: Production and sale of construction aggregates, asphalt mix, and ready-mix concrete. These materials are crucial for road construction and general infrastructure development. Competitors include Vulcan Materials Company, Martin Marietta Materials, and Cemex.
Market Dynamics
Industry Overview
The infrastructure construction industry in the US is characterized by significant demand driven by aging infrastructure, population growth, and government investment. Federal and state funding for transportation, water, and energy projects plays a crucial role. The industry is cyclical, influenced by economic conditions and government spending policies. It is also highly competitive, with a mix of large national players and smaller regional contractors.
Positioning
Granite Construction Incorporated is positioned as a leading diversified infrastructure contractor in the Western United States and increasingly across the nation. Its strengths lie in its extensive experience in heavy civil projects, a strong track record of safety, and its vertically integrated materials business. The company benefits from its ability to handle large, complex projects and its established relationships with public agencies and private clients.
Total Addressable Market (TAM)
The total addressable market for US infrastructure construction is estimated to be in the hundreds of billions of dollars annually, encompassing transportation, water, energy, and building sectors. Granite Construction Incorporated's strategy is to capture a significant portion of this market, particularly in its core geographies and specialized service areas, by focusing on profitable projects and leveraging its expertise. Its current market share is a fraction of the overall TAM, indicating substantial room for growth.
Upturn SWOT Analysis
Strengths
- Strong reputation for quality and safety in heavy civil construction.
- Diversified business segments (heavy civil, building, materials).
- Vertically integrated construction materials operations provide cost control and supply chain reliability.
- Significant presence and expertise in the Western United States.
- Experienced management team with a proven track record.
Weaknesses
- Susceptibility to economic downturns and fluctuations in government spending.
- Reliance on a limited number of large projects, which can create revenue volatility.
- Potential for cost overruns on large, complex projects.
- Competition from larger, more diversified international construction firms.
Opportunities
- Increasing government investment in infrastructure through federal initiatives (e.g., Bipartisan Infrastructure Law).
- Growing demand for water and wastewater system upgrades.
- Expansion into new geographic markets and service areas.
- Opportunities in renewable energy infrastructure projects.
- Leveraging technology for improved efficiency and project management.
Threats
- Intense competition and price pressure.
- Rising labor and material costs.
- Changes in environmental regulations and permitting processes.
- Economic recession or significant reduction in public infrastructure spending.
- Labor shortages and skilled workforce availability.
Competitors and Market Share
Key Competitors
- Centex Construction (Now part of DBC)
- Skanska AB (SKBSY)
- Tutor Perini Corporation (TPC)
- Jacobs Engineering Group Inc. (J)
Competitive Landscape
Granite Construction Incorporated faces a competitive landscape with both large, diversified players and specialized regional contractors. Its advantages lie in its deep expertise in heavy civil construction and its materials segment. However, it competes on price, project execution, and ability to secure bonding for large projects. Competitors often have broader geographic reach or more diversified revenue streams.
Major Acquisitions
Layne Christensen Company
- Year: 2019
- Acquisition Price (USD millions): 532
- Strategic Rationale: Acquisition of Layne Christensen expanded Granite's water and wastewater infrastructure capabilities, adding water infrastructure services, drilling, and environmental services, thereby diversifying its service offerings and strengthening its position in critical infrastructure sectors.
Growth Trajectory and Initiatives
Historical Growth: Granite Construction Incorporated has demonstrated historical growth through organic expansion and strategic acquisitions. Its growth has been tied to its ability to secure large infrastructure projects and expand its geographic reach.
Future Projections: Future growth projections for Granite Construction Incorporated are influenced by anticipated government infrastructure spending, market demand for its services, and its ability to secure profitable contracts. Analyst estimates provide insights into expected revenue and earnings growth.
Recent Initiatives: Recent initiatives may include efforts to optimize operational efficiency, enhance safety programs, pursue strategic acquisitions to expand capabilities or market presence, and focus on higher-margin projects.
Summary
Granite Construction Incorporated is a well-established infrastructure contractor with a strong foundation in heavy civil projects and a diversified business model including materials supply. Its recent strategic acquisitions have bolstered its capabilities, particularly in water infrastructure. While the company benefits from significant government investment in infrastructure, it faces challenges from intense competition, fluctuating material costs, and economic sensitivities. Continued focus on operational efficiency, safety, and securing profitable projects will be crucial for its sustained growth and success in the dynamic infrastructure market.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Granite Construction Incorporated Official Investor Relations Website
- SEC Filings (10-K, 10-Q)
- Financial News and Data Providers (e.g., Bloomberg, Reuters, Yahoo Finance)
- Industry Analysis Reports
Disclaimers:
This information is for informational purposes only and does not constitute financial advice. Financial data, market share, and projections are subject to change and are based on publicly available information at the time of analysis. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Granite Construction Incorporated
Exchange NYSE | Headquaters Watsonville, CA, United States | ||
IPO Launch date 1990-04-20 | President, CEO & Director Mr. Kyle T. Larkin | ||
Sector Industrials | Industry Engineering & Construction | Full time employees 2300 | |
Full time employees 2300 | |||
Granite Construction Incorporated operates as an infrastructure contractor in the United States. It operates through two segments: Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and construction of various complex projects, including infrastructure and site development, mining, public safety, tunnel, solar, battery storage, and power related projects. The Materials segment is involved in the production of aggregates, asphalt concrete, liquid asphalt, and recycled materials production for internal use in construction projects and sale to third parties. It also offers site preparation, mining, and infrastructure services for railways, residential development, energy development, and commercial and industrial sites; and provides construction management professional services. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was incorporated in 1922 and is headquartered in Watsonville, California.
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