GVA
Granite Construction margins
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- Industrials
- NYSE: GVA
- Margins
Granite Construction reports a gross margin of 16.1%, an operating margin of 7.5%, an EBITDA margin of 6.9%, and a net margin of -5%, but its net margin is negative at -5%. Among the available margins, operating margin improved the most and net margin declined the most, by 1.2 and 9.3 percentage points respectively.
GVA margin history
Over the last 3 years, Granite Construction's margins averaged 14.45% gross, 5.09% operating, 7.74% EBITDA, and 1.83% net. For Granite Construction, gross and operating margins are above their three-year averages, while EBITDA and net margins are below their three-year averages.
GVA margin expansion
The strongest improvement was in operating margin, which increased by 1.2 percentage points, whereas gross margin contracted by 0.3 percentage points, EBITDA margin by 3.5 percentage points, and net margin by 9.3 percentage points.
GVA Gross margin
Across the last 3 years, Granite Construction recorded an average gross margin of 14.45%. Right now, Granite Construction's current gross margin is 16.1%, which is 1.7 percentage points above its three-year average. The highest gross margin for Granite Construction was 16.4% in Sep 2025, while the lowest was 11.3% in Dec 2023.
GVA Operating margin
Over the last 3 years, the average operating margin for Granite Construction was 5.09%. The latest operating margin for Granite Construction is 7.5%, 2.4 percentage points above its three-year average. Granite Construction's operating margin ranged from a low of 2.2% in Mar 2024 to a high of 7.5% in Sep 2026.
GVA EBITDA margin
Looking back over the last 3 years, Granite Construction recorded an average EBITDA margin of 7.74%. Granite Construction's current EBITDA margin is 6.9% and is 0.8 percentage points below its three-year average. The highest EBITDA margin for Granite Construction was 10.6% in Dec 2025, while the lowest was 3.3% in Jun 2026.
GVA Net margin
Over the last 3 years, Granite Construction's net margin averaged 1.83%. The current net margin of -5% is 6.8 percentage points below its three-year average. During this period, net margin reached a high of 4.4% in Dec 2025 and a low of -5% in Sep 2026.
GVA margin group comparison
With a gross margin of 16.1%, GVA stands higher than its peers average but lower than the Industrials sector and the industry average. Looking at the Industrials sector average of 32.5%, Granite Construction's gross margin is 50% lower.
GVA margin peer comparison
Frequently asked questions
What is Granite Construction's gross margin?
For the period ending Sep 30, 2026, GVA recorded a gross margin of 16.1%.
What is Granite Construction's operating margin?
For the period ending Sep 30, 2026, GVA recorded an operating margin of 7.5%.
What is Granite Construction's EBITDA margin?
The current EBITDA margin for GVA is 6.9% as of Sep 30, 2026.
What is Granite Construction's net margin?
The current net margin for GVA is -5% as of Sep 30, 2026.
What are the average margins of GVA?
Across the last 3 years, GVA averaged 14.5% gross, 5.1% operating, 7.7% EBITDA, and 1.8% net.
What are the highest historical margins of GVA?
In the last 5 years, the highest margins reported by GVA were 16.4% gross in Sep 2025, 7.5% operating in Sep 2026, 10.6% EBITDA in Dec 2025, and 4.4% net in Dec 2025.
What are the lowest historical margins of GVA?
Across the 5-year period, GVA posted its lowest margins at 10.1% gross in Jun 2022, 0.7% operating in Dec 2021, 3.3% EBITDA in Jun 2026, and -5% net in Sep 2026.