Granite Construction annual free cash flow
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2025
Granite Construction Free Cash Flow (FCF) History (GVA)
Granite Construction reported $330.6M in free cash flow for fiscal 2025, an increase of 3.35% from the previous fiscal year, with a free cash flow margin of 7.47%.
View full Granite Construction company overviewGranite Construction free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $330.6M | $10.7M | +3.35% | +7.47% |
| 2024 | 2024-12-31 | $319.9M | $276.6M | +638.49% | +7.98% |
| 2023 | 2023-12-31 | $43.3M | $109.3M | — | +1.23% |
| 2022 | 2022-12-31 | −$66.0M | $6.9M | — | −2.00% |
| 2021 | 2021-12-31 | −$72.9M | −$248.1M | — | −2.08% |
| 2020 | 2020-12-31 | $175.2M | $170.6M | +3700.59% | +4.92% |
| 2019 | 2019-12-31 | $4.6M | $29.3M | — | +0.16% |
| 2018 | 2018-12-31 | −$24.7M | −$103.2M | — | −0.75% |
| 2017 | 2017-12-31 | $78.5M | $96.3M | — | +2.65% |
| 2016 | 2016-12-31 | −$17.8M | −$40.6M | — | −0.71% |
| 2015 | 2015-12-31 | $22.8M | $23.1M | — | +0.96% |
| 2014 | 2014-12-31 | −$286,000 | $38.0M | — | −0.01% |
| 2013 | 2013-12-31 | −$38.3M | −$92.5M | — | −1.69% |
| 2012 | 2012-12-31 | $54.2M | $6.9M | +14.50% | +2.60% |
| 2011 | 2011-12-31 | $47.3M | $55.0M | — | +2.35% |
| 2010 | 2010-12-31 | −$7.7M | $15.7M | — | −0.44% |
| 2009 | 2009-12-31 | −$23.3M | −$186.5M | — | −1.19% |
| 2008 | 2008-12-31 | $163.2M | — | — | +6.10% |
Granite Construction quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $142.7M | $169.7M | — | +9.80% |
| Q1 2026 | 2026-03-31 | −$57.0M | −$28.5M | — | −6.25% |
| Q4 2025 | 2025-12-31 | $128.8M | −$15.8M | −10.92% | +11.05% |
| Q3 2025 | 2025-09-30 | $257.5M | $37.3M | +16.95% | +17.96% |
| Q2 2025 | 2025-06-30 | −$27.0M | $14.0M | — | −2.40% |
| Q1 2025 | 2025-03-31 | −$28.6M | −$24.8M | — | −4.08% |
| Q4 2024 | 2024-12-31 | $144.6M | $26.5M | +22.41% | +14.79% |
| Q3 2024 | 2024-09-30 | $220.2M | $96.3M | +77.73% | +17.26% |
| Q2 2024 | 2024-06-30 | −$41.0M | $40.5M | — | −3.79% |
| Q1 2024 | 2024-03-31 | −$3.8M | $113.4M | — | −0.56% |
| Q4 2023 | 2023-12-31 | $118.1M | $71.7M | +154.40% | +12.65% |
| Q3 2023 | 2023-09-30 | $123.9M | $59.8M | +93.22% | +11.09% |
| Q2 2023 | 2023-06-30 | −$81.5M | $13.6M | — | −9.07% |
| Q1 2023 | 2023-03-31 | −$117.1M | −$35.7M | — | −20.92% |
| Q4 2022 | 2022-12-31 | $46.4M | $106.3M | — | +5.88% |
| Q3 2022 | 2022-09-30 | $64.1M | −$289,000 | −0.45% | +6.35% |
| Q2 2022 | 2022-06-30 | −$95.0M | $1.7M | — | −11.19% |
| Q1 2022 | 2022-03-31 | −$81.4M | −$100.8M | — | −12.46% |
| Q4 2021 | 2021-12-31 | −$59.8M | −$171.3M | — | −5.76% |
| Q3 2021 | 2021-09-30 | $64.4M | −$39.1M | −37.79% | +6.06% |
| Q2 2021 | 2021-06-30 | −$96.8M | −$98.6M | — | −11.59% |
| Q1 2021 | 2021-03-31 | $19.3M | $60.9M | — | +3.41% |
| Q4 2020 | 2020-12-31 | $111.4M | −$3.0M | −2.62% | +11.79% |
| Q3 2020 | 2020-09-30 | $103.5M | $65.5M | +172.12% | +9.72% |
| Q2 2020 | 2020-06-30 | $1.8M | $84.6M | — | +0.20% |
| Q1 2020 | 2020-03-31 | −$41.6M | $23.5M | — | −6.54% |
| Q4 2019 | 2019-12-31 | $114.4M | $67.8M | +145.17% | +32.25% |
| Q3 2019 | 2019-09-30 | $38.0M | −$2.5M | −6.13% | +3.42% |
| Q2 2019 | 2019-06-30 | −$82.8M | −$24.4M | — | −9.56% |
| Q1 2019 | 2019-03-31 | −$65.1M | −$11.5M | — | −11.19% |
| Q4 2018 | 2018-12-31 | $46.7M | −$24.0M | −33.97% | +5.42% |
| Q3 2018 | 2018-09-30 | $40.5M | $17.9M | +79.03% | +3.84% |
| Q2 2018 | 2018-06-30 | −$58.3M | −$51.5M | — | −7.23% |
| Q1 2018 | 2018-03-31 | −$53.6M | −$45.6M | — | −9.51% |
| Q4 2017 | 2017-12-31 | $70.7M | $1.2M | +1.77% | +9.18% |
| Q3 2017 | 2017-09-30 | $22.6M | $8.0M | +54.39% | +2.37% |
| Q2 2017 | 2017-06-30 | −$6.8M | $60.2M | — | −0.89% |
| Q1 2017 | 2017-03-31 | −$8.0M | $27.0M | — | −1.72% |
| Q4 2016 | 2016-12-31 | $69.5M | $12.4M | +21.71% | +10.42% |
| Q3 2016 | 2016-09-30 | $14.7M | −$23.9M | −61.96% | +1.82% |
| Q2 2016 | 2016-06-30 | −$67.0M | −$8.7M | — | −11.07% |
| Q1 2016 | 2016-03-31 | −$35.0M | −$20.5M | — | −7.96% |
| Q4 2015 | 2015-12-31 | $57.1M | −$26.9M | −32.07% | +9.06% |
| Q3 2015 | 2015-09-30 | $38.5M | $30.4M | +371.46% | +5.13% |
| Q2 2015 | 2015-06-30 | −$58.3M | $4.0M | — | −10.24% |
| Q1 2015 | 2015-03-31 | −$14.5M | $15.6M | — | −3.46% |
| Q4 2014 | 2014-12-31 | $84.0M | $27.3M | +48.23% | +14.25% |
| Q3 2014 | 2014-09-30 | $8.2M | $32.1M | — | +1.14% |
| Q2 2014 | 2014-06-30 | −$62.3M | −$55.9M | — | −10.64% |
| Q1 2014 | 2014-03-31 | −$30.2M | $34.5M | — | −7.94% |
| Q4 2013 | 2013-12-31 | $56.7M | −$3.3M | −5.50% | +9.48% |
| Q3 2013 | 2013-09-30 | −$23.9M | −$72.6M | — | −3.23% |
| Q2 2013 | 2013-06-30 | −$6.5M | $15.9M | — | −1.17% |
| Q1 2013 | 2013-03-31 | −$64.6M | −$32.5M | — | −17.06% |
| Q4 2012 | 2012-12-31 | $60.0M | −$20.1M | −25.07% | +11.88% |
| Q3 2012 | 2012-09-30 | $48.7M | $37.1M | +321.47% | +6.68% |
| Q2 2012 | 2012-06-30 | −$22.4M | $10.8M | — | −4.15% |
| Q1 2012 | 2012-03-31 | −$32.1M | −$21.0M | — | −10.35% |
| Q4 2011 | 2011-12-31 | $80.0M | $68.1M | +570.91% | +14.83% |
| Q3 2011 | 2011-09-30 | $11.5M | −$29.6M | −71.91% | +1.59% |
| Q2 2011 | 2011-06-30 | −$33.2M | −$11.5M | — | −6.85% |
| Q1 2011 | 2011-03-31 | −$11.1M | $28.0M | — | −4.32% |
| Q4 2010 | 2010-12-31 | $11.9M | −$32.2M | −72.99% | +2.86% |
| Q3 2010 | 2010-09-30 | $41.1M | — | — | +6.13% |
| Q2 2010 | 2010-06-30 | −$21.7M | — | — | −4.77% |
| Q1 2010 | 2010-03-31 | −$39.1M | — | — | −17.70% |
| Q3 2009 | 2009-09-30 | $44.2M | — | — | +6.13% |
Granite Construction free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $175.2M to $330.6M, a compound annual growth rate of 13.54%. Granite Construction's latest reported quarter, Q2 2026, generated $142.7M in free cash flow, an increase of $169.7M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Granite Construction filings at SEC.gov ↗