GVA Granite Construction margins

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Relative Growth: Rel. Growth: 53
Relative Strength: Rel. Strength: 39
Relative Valuation: Rel. Valuation: 30
Relative Profitability: Rel. Profitability: 20
Gross margin
15.6%
Operating margin
6.3%
EBITDA margin
3.3%
Net margin
-3.3%

Granite Construction reports a gross margin of 15.6%, an operating margin of 6.3%, an EBITDA margin of 3.3%, and a net margin of -3.3%, but its net margin is negative at -3.3%. Among the available margins, operating margin improved the most and net margin declined the most, by 0.7 and 7.2 percentage points respectively.

GVA margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Granite Construction's margins averaged 14.3% gross, 4.87% operating, 7.82% EBITDA, and 2.45% 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

Year-over-year margin changes in percentage points

The strongest improvement was in operating margin, which increased by 0.7 percentage points, whereas EBITDA margin contracted by 6.1 percentage points and net margin by 7.2 percentage points.

Gross margin expansion
0pp
Operating margin expansion
0.7pp
EBITDA margin expansion
-6.1pp
Net margin expansion
-7.2pp

GVA Gross margin

Across the last 3 years, Granite Construction recorded an average gross margin of 14.3%. Right now, Granite Construction's current gross margin is 15.6%, which is 1.3 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 4.87%. The latest operating margin for Granite Construction is 6.3%, 1.4 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 6.4% in Dec 2025.

GVA EBITDA margin

Looking back over the last 3 years, Granite Construction recorded an average EBITDA margin of 7.82%. Granite Construction's current EBITDA margin is 3.3% and is 4.5 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 2.45%. The current net margin of -3.3% is 5.8 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 -3.3% in Jun 2026.

GVA margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 15.6%, GVA stands higher than its peers average but lower than the Industrials sector and the industry average. Looking at the Industrials sector average of 32.7%, Granite Construction's gross margin is 52% lower.

GVA margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Granite Construction's gross margin?

For the period ending Jun 30, 2026, GVA recorded a gross margin of 15.6%.

What is Granite Construction's operating margin?

For the period ending Jun 30, 2026, GVA recorded an operating margin of 6.3%.

What is Granite Construction's EBITDA margin?

The current EBITDA margin for GVA is 3.3% as of Jun 30, 2026.

What is Granite Construction's net margin?

The current net margin for GVA is -3.3% as of Jun 30, 2026.

What are the average margins of GVA?

Across the last 3 years, GVA averaged 14.3% gross, 4.9% operating, 7.8% EBITDA, and 2.5% 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, 6.4% operating in Dec 2025, 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 -3.3% net in Jun 2026.