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 how efficiently does Granite Construction Incorporated generate cash to assess how effectively this company generates cash.
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 GVA cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
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 market value of Granite Construction Incorporated.
| 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 | — |