Granite Construction Incorporated (GVA) — Cash Flow Quality Index
Granite Construction Incorporated (GVA) has a Cash Flow Quality Index of 3.45x as of December 2025. Operating cash flow of $179.30 Million exceeds net income of $52.03 Million, indicating high earnings quality where cash backs reported profits. Explore GVA long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Granite Construction Incorporated Cash Flow Quality Index (1988–2025)
Historical Cash Flow Quality Index for Granite Construction Incorporated across 35 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Granite Construction Incorporated (GVA) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Granite Construction Incorporated (1988–2025)
Year-by-year earnings quality comparison for Granite Construction Incorporated. For live market cap and the full company financial profile, see how much is Granite Construction Incorporated worth.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.43x | $468.92 Million | $193.00 Million | ▼ -25.2% |
| 2024 | 3.25x | $456.34 Million | $140.44 Million | ▼ -22.9% |
| 2023 | 4.21x | $183.71 Million | $43.60 Million | ▲ +497.1% |
| 2022 | 0.71x | $55.65 Million | $78.86 Million | ▼ -92.2% |
| 2021 | 9.08x | $21.93 Million | $2.41 Million | ▲ +338.1% |
| 2019 | 2.07x | $111.44 Million | $53.74 Million | ▲ +29.0% |
| 2018 | 1.61x | $86.39 Million | $53.74 Million | ▼ -16.7% |
| 2017 | 1.93x | $146.19 Million | $75.80 Million | ▲ +74.6% |
| 2016 | 1.10x | $73.15 Million | $66.20 Million | ▲ +12.6% |
| 2015 | 0.98x | $66.98 Million | $68.25 Million | ▼ -18.4% |
| 2014 | 1.20x | $43.14 Million | $35.88 Million | ▼ -21.5% |
| 2012 | 1.53x | $91.79 Million | $59.92 Million | ▲ +9.6% |
| 2011 | 1.40x | $92.34 Million | $66.08 Million | ▲ +117.8% |
| 2009 | 0.64x | $64.30 Million | $100.20 Million | ▼ -69.5% |
| 2008 | 2.10x | $257.34 Million | $122.40 Million | ▲ +0.3% |
| 2007 | 2.10x | $234.79 Million | $112.06 Million | ▼ -35.0% |
| 2006 | 3.23x | $259.64 Million | $80.51 Million | ▲ +83.0% |
| 2005 | 1.76x | $146.50 Million | $83.15 Million | ▼ -32.6% |
| 2004 | 2.61x | $148.95 Million | $57.01 Million | ▲ +103.7% |
| 2003 | 1.28x | $77.59 Million | $60.50 Million | ▼ -39.3% |
| 2002 | 2.11x | $104.05 Million | $49.28 Million | ▼ -14.4% |
| 2001 | 2.47x | $124.63 Million | $50.53 Million | ▲ +83.9% |
| 2000 | 1.34x | $74.85 Million | $55.81 Million | ▼ -29.1% |
| 1999 | 1.89x | $100.00 Million | $52.90 Million | ▼ -8.4% |
| 1998 | 2.06x | $96.00 Million | $46.50 Million | ▼ -10.0% |
| 1997 | 2.29x | $63.80 Million | $27.80 Million | ▲ +2.0% |
| 1996 | 2.25x | $61.40 Million | $27.30 Million | ▼ -7.9% |
| 1995 | 2.44x | $69.60 Million | $28.50 Million | ▼ -1.2% |
| 1994 | 2.47x | $48.20 Million | $19.50 Million | ▼ -73.9% |
| 1993 | 9.46x | $33.10 Million | $3.50 Million | ▲ +14.2% |
| 1992 | 8.28x | $32.30 Million | $3.90 Million | ▲ +187.5% |
| 1991 | 2.88x | $50.70 Million | $17.60 Million | ▲ +46.8% |
| 1990 | 1.96x | $36.90 Million | $18.80 Million | ▼ -25.9% |
| 1989 | 2.65x | $37.60 Million | $14.20 Million | ▼ -5.9% |
| 1988 | 2.81x | $42.20 Million | $15.00 Million | — |