GVA
IndustrialsGranite Construction Incorporated · Engineering & Construction · $6B
What is Granite Construction Incorporated?
Granite Construction Incorporated is a leading U.S. infrastructure contractor and construction materials producer. Headquartered in Watsonville, California, the company builds and rehabilitates critical public infrastructure across the country.
Granite operates through two segments: Construction and Materials. The Construction segment delivers roads, bridges, rail lines, airports, marine ports, dams, aqueducts, and complex projects such as tunnels and solar installations — primarily for public-sector clients. The Materials segment produces aggregates and asphalt for internal project use and for sale to third parties including landscapers, manufacturers, and private developers. Together, these segments create a vertically integrated model that supports both project execution and raw material supply.
Granite Construction was founded in 1990 and is headquartered in Watsonville, California.
- Road and pavement construction and rehabilitation
- Bridge, rail, and airport infrastructure projects
- Water-related construction for municipal and industrial clients
- Aggregates and asphalt production for internal and external sale
- Construction management and site development services
Is GVA a Good Stock to Buy?
UQS Score rates GVA as Good overall, reflecting a balanced but nuanced profile across its five quality pillars.
Granite's most notable pillar is Growth, rated Strong — suggesting the company is expanding at a pace that stands out relative to sector peers. Valuation is also rated Good, meaning the stock does not appear significantly stretched relative to its fundamentals. Risk and Quality both register as Neutral, indicating a broadly stable operating profile without major red flags.
The Moat pillar is rated Weak, which reflects the competitive nature of public infrastructure contracting — where projects are typically won through competitive bidding rather than durable pricing power.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does GVA pay dividends?
Yes — Granite Construction Incorporated pays a dividend.
Granite Construction pays a regular dividend, which is relatively uncommon among mid-cap infrastructure contractors. This reflects a degree of financial confidence from management. The dividend provides an income component alongside any capital appreciation potential, making GVA relevant to investors who value consistent cash returns alongside exposure to U.S. infrastructure spending.
When does GVA report earnings?
Granite Construction reports earnings on a quarterly cadence, consistent with standard practice for U.S.-listed equities.
The company's Growth pillar rating suggests recent results have trended positively relative to sector peers. Construction activity tied to public infrastructure budgets can create seasonal variation in quarterly results, which is worth accounting for when reviewing any single period.
For the most recent quarter's results and guidance, visit Granite Construction's investor relations page directly.
GVA Price History
+223.7% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Granite Construction Incorporated?
Based on Granite Construction Incorporated's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
GVA Long-term Outlook
Granite's Strong Growth pillar points to a favorable near-term fundamental trajectory, supported by sustained public infrastructure investment across the United States. The Neutral Risk pillar suggests the business is not operating under unusual financial or operational stress. However, the Weak Moat rating is a longer-term consideration — competitive bidding dynamics in public contracting can compress margins and limit pricing power over time.
Growth drivers
- Federal and state infrastructure spending programs driving project backlogs
- Vertical integration between construction and materials segments supporting margins
- Expansion into complex project types such as solar, tunnels, and water infrastructure
Key risks
- Competitive bidding environment limiting pricing power and moat durability
- Input cost volatility for aggregates, asphalt, and labor
- Dependence on public-sector budget cycles and government contract awards
GVA vs Peers
Granite Construction competes with a range of specialty and infrastructure contractors across the U.S. market.
MYR Group focuses on electrical construction services, giving it a different end-market exposure compared to Granite's civil and materials-heavy model.
KBR operates across government services and technology solutions globally, making it a more diversified and internationally oriented contractor than Granite.
Everus Construction focuses on electrical and mechanical contracting, competing in adjacent infrastructure trades rather than Granite's core civil and road-building work.
Frequently Asked Questions
What does Granite Construction do?
Granite Construction is a U.S. infrastructure contractor and construction materials producer. It builds and rehabilitates roads, bridges, airports, rail lines, dams, and water infrastructure — primarily for public-sector clients. Its Materials segment produces aggregates and asphalt for both internal project use and third-party sale.
Does GVA pay dividends?
Yes, Granite Construction pays a regular dividend. This is notable for a mid-cap infrastructure contractor and reflects management's confidence in the company's cash generation. Investors seeking income alongside infrastructure exposure may find this relevant. Check the company's investor relations page for the current dividend rate.
When does GVA report earnings?
Granite Construction reports on a quarterly cadence, as is standard for U.S.-listed companies. Results can vary seasonally given the weather-dependent nature of construction activity. For the exact timing of upcoming reports, refer to Granite Construction's investor relations page.
Is GVA a good stock to buy?
UQS Score rates GVA as Good overall. Its Growth pillar is rated Strong and Valuation is rated Good, while Quality and Risk are Neutral. The Moat pillar is Weak, reflecting competitive bidding dynamics in public contracting. Whether GVA fits your portfolio depends on your goals — the full pillar breakdown is available to Pro members.
Is GVA overvalued?
GVA's Valuation pillar is rated Good, suggesting the stock is not significantly overpriced relative to its fundamentals at the time of scoring. Valuation is one of five pillars in the UQS framework. Pro members can view the detailed valuation metrics behind this rating.
How does GVA compare to its competitors?
Granite Construction's closest peers include MYR Group, KBR, and Everus Construction Group. Each operates in adjacent infrastructure or specialty contracting markets. Granite's vertical integration — combining civil construction with in-house materials production — is a distinguishing operational feature. UQS Pro members can compare pillar scores across these peers directly.
What is GVA's market cap bracket?
Granite Construction is classified as a mid-cap company. This places it in a range that typically offers more liquidity than small-cap peers while remaining more nimble than large-cap contractors. Mid-cap infrastructure stocks can offer meaningful exposure to public spending cycles.
Who founded Granite Construction?
Granite Construction was incorporated in 1990. The company has grown over the decades into one of the larger U.S. civil infrastructure contractors. For detailed founding history, the company's official website and public filings are the most reliable sources.
Is GVA a long-term quality investment?
From a long-term quality perspective, GVA's UQS profile shows a Strong Growth pillar and Neutral Risk, which are constructive signals. However, the Weak Moat rating is worth monitoring — durable competitive advantages are harder to sustain in competitive-bid contracting. The full five-pillar view is available to Pro members for a deeper assessment.
What is the main competitive advantage of Granite Construction?
Granite's key operational advantage is its vertical integration: the Materials segment supplies aggregates and asphalt directly to its construction projects, reducing reliance on external suppliers. This supports cost control on large public contracts. That said, the UQS Moat pillar rates this advantage as Weak relative to the broader market.
What sector does GVA belong to?
Granite Construction belongs to the Industrials sector, specifically within infrastructure and construction services. Companies in this sector tend to be sensitive to government spending cycles, interest rates, and input cost trends. Explore other [top Industrials stocks](/sector/industrials) on UQS Score.
Is GVA a growth stock or value stock?
Based on its UQS pillar profile, GVA leans toward growth — its Growth pillar is rated Strong, while Valuation is rated Good rather than deeply discounted. This suggests the market has recognized some of its growth potential without pricing it at a significant premium. It does not fit neatly into a pure value category.
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Pro Analysis
GVA — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 7, 2026 | 54.2 | 52.2 | 28.0 | 83.1 | 41.0 | 76.0 | -0.1 |
| May 4, 2026 | 54.3 | 52.2 | 28.0 | 83.1 | 41.0 | 76.5 | +0.2 |
| May 3, 2026 | 54.1 | 52.2 | 28.0 | 83.0 | 41.0 | 75.2 | -0.4 |
| Apr 19, 2026 | 54.5 | 52.2 | 28.0 | 83.0 | 41.0 | 78.1 | +0.1 |
| Apr 18, 2026 | 54.4 | 52.2 | 28.0 | 83.0 | 41.0 | 77.4 | 0.0 |
| Apr 16, 2026 | 54.4 | 52.0 | 28.0 | 83.0 | 41.0 | 77.7 | 0.0 |
| Apr 12, 2026 | 54.4 | 51.9 | 28.0 | 83.0 | 41.0 | 77.7 | -0.2 |
| Apr 11, 2026 | 54.6 | 51.9 | 28.0 | 83.0 | 41.0 | 79.0 | +0.1 |
| Apr 10, 2026 | 54.5 | 51.8 | 28.0 | 83.0 | 41.0 | 79.0 | 0.0 |
| Apr 9, 2026 | 54.5 | 52.0 | 28.0 | 83.1 | 41.0 | 78.1 | -0.1 |
GVA — Pillar Breakdown
Quality
— 49.9/100 (25%)Granite Construction Incorporated has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 83.1/100 (20%)Granite Construction Incorporated is growing rapidly with strong revenue and earnings expansion.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 35.3/100 (15%)Granite Construction Incorporated has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 75.5/100 (15%)Granite Construction Incorporated appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 28/100 (25%)Granite Construction Incorporated operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for GVA.
Score Composition
Financial Data
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How is the GVA UQS Score Calculated?
The UQS (Unified Quality Score) for Granite Construction Incorporated is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Granite Construction Incorporated's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Granite Construction Incorporated is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.