OverviewSuggest Edit

Granite Construction is a provider of infrastructure solutions for public and private clients. The company focuses on infrastructure projects, including the construction of streets, roads, highways, mass transit facilities, airport infrastructure, bridges, trenchless and underground utilities, power-related facilities, water-related facilities, well drilling, utilities, tunnels, dams, and other infrastructure-related projects. It also performs site preparation, mining services, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities, as well as provides construction management professional services.

TypePublic
Founded1922
HQWatsonville, CA, US
Websitegraniteconstruction.com
Employee Ratings3.9
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2019)2,800(+4%)
Revenue (FY, 2019)$3.4 B(+4%)
Share Price (Mar 2021)$35.4 (-3%)
Cybersecurity ratingAMore

Key People/Management at Granite Construction

Kyle Larkin

Kyle Larkin

President
Rob Vangorder

Rob Vangorder

SVP and Group Manager, WMS Group
Craig Hall

Craig Hall

SVP, General Counsel, Corporate Compliance Officer, and Secretary
Jim Radich

Jim Radich

EVP, and Chief Operating Officer
Jigisha Desai

Jigisha Desai

EVP, Chief Strategy Officer
Lisa Curtis

Lisa Curtis

EVP, Chief Financial Officer
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Granite Construction Office Locations

Granite Construction has offices in Watsonville, Albany, Anchorage, Arlington and in 126 other locations
Watsonville, CA, US (HQ)
585 W Beach St
Albany, GA, US
1710 E Broad Ave
Anchorage, AK, US
10805 Lang St
Anchorage, AK, US
11471 Lang St
Arlington, WA, US
11423 Jordan Rd
Arvin, CA, US
21541 E Bear Mountain Blvd
Show all (157)

Granite Construction Financials and Metrics

Granite Construction Revenue

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View revenue for all periods
Granite Construction's revenue was reported to be $3.45 b in FY, 2019
USD

Revenue (Q3, 2020)

1.1b

Gross profit (Q3, 2020)

126.0m

Gross profit margin (Q3, 2020), %

11.8%

Net income (Q3, 2020)

(91.2m)

EBIT (Q3, 2020)

(85.8m)

Market capitalization (4-Mar-2021)

1.6b

Closing stock price (4-Mar-2021)

35.4

Cash (30-Sept-2020)

388.0m

EV

1.7b
Granite Construction's current market capitalization is $1.6 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

2.5b3.0b3.3b3.4b

Revenue growth, %

6%19%11%

Cost of goods sold

2.2b2.7b2.9b3.2b

Gross profit

301.4m314.9m389.2m221.7m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

468.4m762.9m957.1m563.4m807.1m1.1b619.8m789.5m1.1b635.9m915.8m1.1b

Cost of goods sold

443.3m688.3m842.6m507.1m726.8m911.1m579.3m841.9m996.7m612.1m827.4m939.2m

Gross profit

25.1m74.6m114.5m56.3m80.4m144.5m40.5m(52.4m)91.4m23.8m88.3m126.0m

Gross profit Margin, %

5%10%12%10%10%14%7%(7%)8%4%10%12%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

189.3m233.7m272.8m262.3m

Accounts Receivable

419.3m479.8m473.2m547.4m

Inventories

55.2m62.5m88.6m88.9m

Current Assets

1.1b1.2b1.4b1.4b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

66.2m75.8m53.7m(56.7m)

Depreciation and Amortization

64.4m66.3m111.5m123.4m

Inventories

308.0k(7.3m)(2.1m)380.0k

Accounts Payable

37.7m36.7m(26.7m)140.0m
USDFY, 2016

Revenue/Employee

1.3m

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

1.9 x
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Granite Construction Operating Metrics

Granite Construction's Backlog was reported to be $3.6b in Q3, 2019.
Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Backlog

$3.39 b$3.75 b$3.76 b$3.48 b$3.44 b$4.06 b$4.23 b$3.72 b$3.59 b$3.65 b$3.24 b$3.69 b$3.59 b$3.82 b$3.65 b

Backlog (Construction)

$999.98 m$1.14 b$1.10 b$1.03 b$1.18 b$1.27 b$1.13 b$896.96 m$978.29 m$1.27 b

Backlog (Transportation)

$2.31 b$2.82 b$2.78 b$2.94 b$2.65 b

Backlog (Water)

$364.77 m$328.88 m$317.78 m$318.11 m$244.86 m
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Granite Construction Acquisitions / Subsidiaries

Company NameDateDeal Size
Lametti & SonsMay 22, 2019
LiquiForceApril 03, 2018
Layne ChristensenFebruary 14, 2018$565 m
Kenny Construction CompanyDecember 28, 2012$130 m
GILC Incorporated
Granite Construction Company
Granite Construction Northeast

Granite Construction Revenue Breakdown

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Granite Construction revenue breakdown by business segment: 11.4% from Materials, 18.9% from Specialty, 10.2% from Water and 59.6% from Transportation

Granite Construction revenue breakdown by geographic segment: 10.3% from Water and Mineral Services, 9.3% from Midwest, 25.3% from Heavy Civil, 23.1% from Northwest, 30.7% from California and 1.3% from Other

Granite Construction Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Granite Construction Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Granite Construction Online and Social Media Presence

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Granite Construction Company Culture

  • Overall Culture

    C-

    64/100

  • CEO Rating

    D-

    56/100

  • Compensation

    B+

    78/100

Learn more on Comparably

Granite Construction News and Updates

Granite Awarded $39 Million Highway Widening Project in Southern California

Granite (NYSE:GVA) announced it has been awarded the State Route 74 Ortega Highway Widening Project by the California Department of Transportation (Caltrans) in Lake Elsinore, California. The $39 million contract is anticipated to be included in Granite’s fourth quarter 2020 backlog.

Granite Names Executives for Strategy, Finance, and Human Resources to Lead Growth and Cultural Change

Granite (NYSE:GVA) announced three top executive appointments to expand profitable growth, drive innovation to transform its business, and strengthen its culture: Jigisha Desai is chief strategy officer, Lisa Curtis is chief financial officer, and Tim Gruber is senior vice president, human resources…

Granite Construction Investor Accounting Suit Proceeds as Class

Granite Construction Inc. investors who accused the company of using fraudulent accounting techniques will move forward as a class after a federal judge in California granted certification.

Granite Awarded $48 Million Construction Manager/general Contractor Bridge Contract in California

Granite (NYSE:GVA) has been awarded the Cosumnes Bridge Parent Package of the Construction Manager/General Contractor (CMGC) contract for the Cosumnes Bridge Replacement Project by the California Department of Transportation (Caltrans) in Sacramento County, California.

Granite Recognized With Three Calcima 2020 Excellence in Safety Awards

In December 2020, Granite received three California Construction and Industrial Materials Association (CalCIMA) 2020 Excellence in Safety Awards. The annual awards recognize mines, plants, and individuals for their exemplary contributions to safety leadership, innovation, and communication, and how …

Granite Joint Venture Team Named to $750 Million Multiple Award Construction Contract by the Naval Facilities Engineering Command, Southwest

The joint venture team comprised of Granite (NYSE: GVA) and Healy Tibbitts Builders, Inc. is one of five contractors selected to participate in a $750 million Waterfront Multiple Award Construction Contract (MACC) by the Naval Facilities Engineering Command, Southwest (NAVFAC SW).
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Granite Construction Blogs

Granite Wins 32 National Awards for Quality in Asphalt Paving

 Granite Wins 32 National Awards for Quality in Asphalt Paving granite_admin Mon, 03/01/2021 - 17:51

Granite Receives 68 Diamond Commendations From NAPA

Granite Receives 68 Diamond Commendations From NAPA granite_admin Mon, 03/01/2021 - 17:51

Granite Reports Third Quarter 2020 Results

Granite Reports Third Quarter 2020 Results granite_admin Thu, 02/25/2021 - 06:47

Granite Announces Timing of Q3 2020 Earnings Release and Investor Conference Call

Granite Announces Timing of Q3 2020 Earnings Release and Investor Conference Call granite_admin Mon, 02/22/2021 - 19:59

Granite Reports Fiscal Year 2019 Results

Granite Reports Fiscal Year 2019 Results granite_admin Fri, 02/19/2021 - 07:53

Granite Named One of America’s Best Midsize Employers by Forbes for the Fifth Consecutive Year

Granite Named One of America’s Best Midsize Employers by Forbes for the Fifth Consecutive Year granite_admin Tue, 02/09/2021 - 17:30
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Granite Construction Frequently Asked Questions

  • When was Granite Construction founded?

    Granite Construction was founded in 1922.

  • Who are Granite Construction key executives?

    Granite Construction's key executives are Kyle Larkin, Rob Vangorder and Craig Hall.

  • How many employees does Granite Construction have?

    Granite Construction has 2,800 employees.

  • What is Granite Construction revenue?

    Latest Granite Construction annual revenue is $3.4 b.

  • What is Granite Construction revenue per employee?

    Latest Granite Construction revenue per employee is $1.2 m.

  • Who are Granite Construction competitors?

    Competitors of Granite Construction include Saulsbury Industries, M. Davis & Sons and Duro Felguera.

  • Where is Granite Construction headquarters?

    Granite Construction headquarters is located at 585 W Beach St, Watsonville.

  • Where are Granite Construction offices?

    Granite Construction has offices in Watsonville, Albany, Anchorage, Arlington and in 126 other locations.

  • How many offices does Granite Construction have?

    Granite Construction has 157 offices.