Granite Construction Incorporated
Granite Construction Incorporated provides infrastructure solutions for public and private clients in the United States. It operates through Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for u… Read more
Granite Construction Incorporated (GVA) - Net Assets
Latest net assets as of December 2025: $1.22 Billion USD
Based on the latest financial reports, Granite Construction Incorporated (GVA) has net assets worth $1.22 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.03 Billion) and total liabilities ($2.81 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.22 Billion |
| % of Total Assets | 30.31% |
| Annual Growth Rate | 7.97% |
| 5-Year Change | 22.7% |
| 10-Year Change | 32.4% |
| Growth Volatility | 12.26 |
Granite Construction Incorporated - Net Assets Trend (1988–2025)
This chart illustrates how Granite Construction Incorporated's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Granite Construction Incorporated (1988–2025)
The table below shows the annual net assets of Granite Construction Incorporated from 1988 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.22 Billion | +13.17% |
| 2024-12-31 | $1.08 Billion | +5.10% |
| 2023-12-31 | $1.03 Billion | +4.25% |
| 2022-12-31 | $985.14 Million | -1.05% |
| 2021-12-31 | $995.56 Million | +0.40% |
| 2020-12-31 | $991.61 Million | -13.13% |
| 2019-12-31 | $1.14 Billion | -18.33% |
| 2018-12-31 | $1.40 Billion | +40.78% |
| 2017-12-31 | $992.80 Million | +7.61% |
| 2016-12-31 | $922.59 Million | +6.03% |
| 2015-12-31 | $870.12 Million | +6.49% |
| 2014-12-31 | $817.11 Million | +3.91% |
| 2013-12-31 | $786.34 Million | -9.81% |
| 2012-12-31 | $871.86 Million | +5.34% |
| 2011-12-31 | $827.66 Million | +4.03% |
| 2010-12-31 | $795.63 Million | -9.85% |
| 2009-12-31 | $882.56 Million | +9.73% |
| 2008-12-31 | $804.28 Million | +11.14% |
| 2007-12-31 | $723.67 Million | +1.91% |
| 2006-12-31 | $710.08 Million | +8.44% |
| 2005-12-31 | $654.79 Million | +13.82% |
| 2004-12-31 | $575.26 Million | +11.54% |
| 2003-12-31 | $515.76 Million | +9.69% |
| 2002-12-31 | $470.19 Million | +12.35% |
| 2001-12-31 | $418.50 Million | +10.78% |
| 2000-12-31 | $377.76 Million | +15.28% |
| 1999-12-31 | $327.70 Million | +8.76% |
| 1998-12-31 | $301.30 Million | +17.06% |
| 1997-12-31 | $257.40 Million | +10.19% |
| 1996-12-31 | $233.60 Million | +11.29% |
| 1995-12-31 | $209.90 Million | +14.89% |
| 1994-12-31 | $182.70 Million | +11.20% |
| 1993-12-31 | $164.30 Million | +1.99% |
| 1992-12-31 | $161.10 Million | +3.47% |
| 1991-12-31 | $155.70 Million | +16.54% |
| 1990-12-31 | $133.60 Million | +49.94% |
| 1989-12-31 | $89.10 Million | +24.44% |
| 1988-12-31 | $71.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Granite Construction Incorporated's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 756.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $774.64 Million | 65.70% |
| Common Stock | $435.00K | 0.04% |
| Other Comprehensive Income | $1.58 Million | 0.13% |
| Other Components | $402.39 Million | 34.13% |
| Total Equity | $1.18 Billion | 100.00% |
Granite Construction Incorporated Competitors by Market Cap
The table below lists competitors of Granite Construction Incorporated ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EMS-CHEMIE HOLDING AG
PINK:EMSHF
|
$5.25 Billion |
|
Middleby Corp
NASDAQ:MIDD
|
$5.25 Billion |
|
Fortune Brands Home & Security Inc.
LSE:0IRN
|
$5.25 Billion |
|
Everbright Securities Co Ltd
SHG:601788
|
$5.26 Billion |
|
Air China Ltd Class A
SHG:601111
|
$5.24 Billion |
|
British Land Company Plc
PINK:BRLAF
|
$5.24 Billion |
|
White Mountains Insurance Group Ltd
NYSE:WTM
|
$5.24 Billion |
|
TPG Inc
NASDAQ:TPG
|
$5.23 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Granite Construction Incorporated's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,015,226,000 to 1,179,048,000, a change of 163,822,000 (16.1%).
- Net income of 193,003,000 contributed positively to equity growth.
- Dividend payments of 22,719,000 reduced retained earnings.
- Share repurchases of 48,208,000 reduced equity.
- Other comprehensive income increased equity by 2,163,000.
- Other factors increased equity by 39,583,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $193.00 Million | +16.37% |
| Dividends Paid | $22.72 Million | -1.93% |
| Share Repurchases | $48.21 Million | -4.09% |
| Other Comprehensive Income | $2.16 Million | +0.18% |
| Other Changes | $39.58 Million | +3.36% |
| Total Change | $- | 16.14% |
Book Value vs Market Value Analysis
This analysis compares Granite Construction Incorporated's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.48x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 56.63x to 5.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-12-31 | $2.15 | $121.65 | x |
| 1989-12-31 | $2.64 | $121.65 | x |
| 1990-12-31 | $3.55 | $121.65 | x |
| 1991-12-31 | $3.98 | $121.65 | x |
| 1992-12-31 | $4.13 | $121.65 | x |
| 1993-12-31 | $4.38 | $121.65 | x |
| 1994-12-31 | $4.59 | $121.65 | x |
| 1995-12-31 | $5.30 | $121.65 | x |
| 1996-12-31 | $5.82 | $121.65 | x |
| 1997-12-31 | $6.39 | $121.65 | x |
| 1998-12-31 | $7.35 | $121.65 | x |
| 1999-12-31 | $8.10 | $121.65 | x |
| 2000-12-31 | $9.35 | $121.65 | x |
| 2001-12-31 | $10.28 | $121.65 | x |
| 2002-12-31 | $11.17 | $121.65 | x |
| 2003-12-31 | $12.37 | $121.65 | x |
| 2004-12-31 | $13.42 | $121.65 | x |
| 2005-12-31 | $15.07 | $121.65 | x |
| 2006-12-31 | $16.75 | $121.65 | x |
| 2007-12-31 | $16.92 | $121.65 | x |
| 2008-12-31 | $20.14 | $121.65 | x |
| 2009-12-31 | $22.04 | $121.65 | x |
| 2010-12-31 | $20.12 | $121.65 | x |
| 2011-12-31 | $20.77 | $121.65 | x |
| 2012-12-31 | $21.24 | $121.65 | x |
| 2013-12-31 | $20.15 | $121.65 | x |
| 2014-12-31 | $19.96 | $121.65 | x |
| 2015-12-31 | $21.05 | $121.65 | x |
| 2016-12-31 | $22.03 | $121.65 | x |
| 2017-12-31 | $23.41 | $121.65 | x |
| 2018-12-31 | $30.70 | $121.65 | x |
| 2019-12-31 | $25.09 | $121.65 | x |
| 2020-12-31 | $21.39 | $121.65 | x |
| 2021-12-31 | $21.13 | $121.65 | x |
| 2022-12-31 | $18.21 | $121.65 | x |
| 2023-12-31 | $18.59 | $121.65 | x |
| 2024-12-31 | $19.33 | $121.65 | x |
| 2025-12-31 | $22.19 | $121.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Granite Construction Incorporated utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.37%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.36%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 3.42x
- Recent ROE (16.37%) is above the historical average (8.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1988 | 20.95% | 3.43% | 2.15x | 2.84x | $7.84 Million |
| 1989 | 15.94% | 2.82% | 2.07x | 2.73x | $5.29 Million |
| 1990 | 14.07% | 3.37% | 2.16x | 1.93x | $5.44 Million |
| 1991 | 11.30% | 3.12% | 2.05x | 1.77x | $2.03 Million |
| 1992 | 2.42% | 0.75% | 1.68x | 1.91x | $-12.21 Million |
| 1993 | 2.74% | 0.79% | 1.79x | 1.94x | $-11.93 Million |
| 1994 | 10.67% | 2.81% | 1.99x | 1.91x | $1.23 Million |
| 1995 | 13.58% | 3.19% | 1.97x | 2.17x | $7.51 Million |
| 1996 | 11.69% | 2.94% | 1.96x | 2.02x | $3.94 Million |
| 1997 | 10.80% | 2.70% | 1.86x | 2.14x | $2.06 Million |
| 1998 | 15.43% | 3.79% | 1.96x | 2.08x | $16.37 Million |
| 1999 | 16.14% | 3.98% | 1.96x | 2.07x | $20.13 Million |
| 2000 | 14.78% | 4.14% | 1.90x | 1.88x | $18.04 Million |
| 2001 | 12.07% | 3.26% | 1.67x | 2.22x | $8.68 Million |
| 2002 | 10.83% | 2.79% | 1.79x | 2.16x | $3.79 Million |
| 2003 | 11.98% | 3.28% | 1.74x | 2.10x | $10.01 Million |
| 2004 | 10.36% | 2.67% | 1.67x | 2.32x | $1.96 Million |
| 2005 | 13.38% | 3.15% | 1.79x | 2.37x | $20.99 Million |
| 2006 | 11.59% | 2.71% | 1.82x | 2.35x | $11.05 Million |
| 2007 | 16.00% | 4.09% | 1.53x | 2.55x | $42.05 Million |
| 2008 | 15.95% | 4.58% | 1.53x | 2.27x | $45.65 Million |
| 2009 | 8.85% | 3.74% | 1.15x | 2.06x | $-9.57 Million |
| 2010 | -7.75% | -3.35% | 1.15x | 2.02x | $-135.09 Million |
| 2011 | 6.40% | 2.55% | 1.30x | 1.94x | $-28.76 Million |
| 2012 | 5.46% | 2.17% | 1.20x | 2.08x | $-37.71 Million |
| 2013 | -4.66% | -1.61% | 1.40x | 2.07x | $-114.62 Million |
| 2014 | 3.19% | 1.11% | 1.40x | 2.04x | $-54.09 Million |
| 2015 | 7.21% | 2.55% | 1.46x | 1.94x | $-23.44 Million |
| 2016 | 6.45% | 2.27% | 1.45x | 1.96x | $-31.48 Million |
| 2017 | 3.61% | 1.14% | 1.60x | 1.98x | $-60.39 Million |
| 2018 | 0.04% | 0.02% | 1.34x | 1.83x | $-134.58 Million |
| 2019 | 4.71% | 1.62% | 1.33x | 2.19x | $-60.41 Million |
| 2020 | -14.87% | -4.07% | 1.50x | 2.44x | $-242.68 Million |
| 2021 | 1.04% | 0.29% | 1.40x | 2.58x | $-86.67 Million |
| 2022 | 8.74% | 2.52% | 1.52x | 2.27x | $-12.00 Million |
| 2023 | 4.46% | 1.24% | 1.25x | 2.88x | $-54.13 Million |
| 2024 | 12.45% | 3.15% | 1.32x | 2.98x | $24.82 Million |
| 2025 | 16.37% | 4.36% | 1.10x | 3.42x | $75.10 Million |
Industry Comparison
This section compares Granite Construction Incorporated's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,646,543,800
- Average return on equity (ROE) among peers: 16.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Granite Construction Incorporated (GVA) | $1.22 Billion | 20.95% | 2.30x | $5.25 Billion |
| Arcosa Inc (ACA) | $2.43 Billion | 3.86% | 1.02x | $5.06 Billion |
| Aecom Technology Corporation (ACM) | $-181.00 Million | 0.00% | 0.00x | $11.42 Billion |
| ACS Actividades de Construcción y Servicios S.A (ACSAF) | $4.44 Billion | 29.55% | 6.70x | $8.35 Billion |
| Acciona S.A (ACXIF) | $6.30 Billion | 7.00% | 2.58x | $3.04 Billion |
| Aecon Group Inc (AEGXF) | $153.60 Million | 7.49% | 3.66x | $737.44 Million |
| ÅF Pöyry AB (publ) (AFXXF) | $551.78 Million | 41.72% | 1.52x | $1.66 Billion |
| Abengoa S.A (AGOAF) | $797.49 Million | 15.10% | 9.17x | $1.82 Million |
| AF Gruppen ASA (AGRUF) | $1.95 Billion | 35.44% | 2.36x | $547.02 Million |
| Argan Inc (AGX) | $3.70 Million | 24.32% | 1.27x | $6.30 Billion |
| Amelco Corporation (AMLC) | $15.28 Million | 4.60% | 1.62x | $2.84 |