GVA
Granite Construction Incorporated

Granite Construction IncorporatedGVA

Industrials · Engineering & Construction
114.33USD
-1.61%
Sep 23, 2026
GVA overview ready
Vertically Integrated Contractor Delivering Transportation and Water Infrastructure Projects
Granite is a vertically integrated civil-infrastructure contractor and construction-materials producer that bids, builds, rehabilitates, and supplies transportation and water-infrastructure projects, primarily for public owners.
Narrative not measured
US Public Infrastructure RenewalTransportation and Water Civil ConstructionInfrastructure supplier
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on public sector funding and project awards.
Market Sep 22Filing Jun 30Price action Sep 22Research Aug 9

Conviction Level

NarrativeHeatThemeHeat5.2PriceAction3.4Valuation7.9CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$5.0B
Avg Volume (60D)
719.8K
60 sessions
Revenue Growth YoY
+10.4%
FY2025 vs FY2024
Gross Margin
+15.6%
Trailing twelve months
Operating Margin
+6.3%
Trailing twelve months
Free Cash Flow Yield
+9.4%
Distance from 200DMA
-9.8%
Next Earnings
2026-11-05
P/E
N/M
EV / EBITDA
11.3x
EV / Sales
1.1x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

One of the two valuation perspectives says cheap; peers is the dissenting view.
Granite Construction Incorporated has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces.

Company Research

Thesis
Granite is a vertically integrated civil-infrastructure contractor and construction-materials producer that bids, builds, rehabilitates, and supplies transportation and water-infrastructure projects, primarily for public owners.
Opportunity
Moderate opportunity
Public-agency and utility capital programs for rebuilding and expanding roads, bridges, transit-related assets, airports, water systems, and other essential civil infrastructure.
Key risk
Dependence on public sector funding and project awards.

Narrative & Theme

US Public Infrastructure Renewal
Part of Transportation and Water Civil Construction, with strong fit.
GVA has direct, recurring revenue exposure to the public-infrastructure renewal cycle rather than a vague industrial adjacency.
Narrative HeatNeutral6.1 / 10
This reading is no longer current (last measured 2026-09-04). It is kept until the next scheduled measurement replaces it.
Theme HeatNeutral5.2 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Industrials · Engineering & Construction
What they do

Granite Construction Incorporated provides infrastructure construction and rehabilitation services across the United States, operating through Construction and Materials segments focused on public and private projects.

How it earns

The company generates revenue primarily through project-based contracts for construction and materials supply.

Products & services
Road and pavement construction and rehabilitation
Bridge and rail line construction
Airport and marine port infrastructure
Water-related construction and site development
Customers & end markets
Public sector agencies
Municipal water agencies
Commercial water suppliers
Industrial facilities
Energy companies
Market position

A leading infrastructure construction company with a broad project portfolio serving multiple public and private sectors.

Demand drivers
High cyclicality

Infrastructure construction is sensitive to public funding cycles and economic conditions affecting capital expenditures.