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 cash flow to debt ratio of Granite Construction Incorporated to assess how comfortably operating cash covers total debt obligations.
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. For the full cash flow conversion analysis, see Granite Construction Incorporated cash conversion from operations.
Annual Cash Flow Quality Index for Granite Construction Incorporated (1988–2025)
Year-by-year earnings quality comparison for 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 | — |