Granite Construction annual gross margin
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2025
Granite Construction Gross Margin Growth & History (GVA)
Granite Construction's gross margin was 16.07% for fiscal 2025.
View full Granite Construction company overviewGranite Construction annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 16.07% | +1.78 pp |
| 2024 | 2024-12-31 | 14.29% | +2.99 pp |
| 2023 | 2023-12-31 | 11.30% | +0.10 pp |
| 2022 | 2022-12-31 | 11.19% | +0.84 pp |
| 2021 | 2021-12-31 | 10.36% | +0.68 pp |
| 2020 | 2020-12-31 | 9.68% | +3.17 pp |
| 2019 | 2019-12-31 | 6.51% | −3.68 pp |
| 2018 | 2018-12-31 | 10.19% | +0.76 pp |
| 2017 | 2017-12-31 | 9.42% | −2.56 pp |
| 2016 | 2016-12-31 | 11.98% | −0.66 pp |
| 2015 | 2015-12-31 | 12.65% | +2.11 pp |
| 2014 | 2014-12-31 | 10.54% | +2.72 pp |
| 2013 | 2013-12-31 | 7.82% | −3.45 pp |
| 2012 | 2012-12-31 | 11.27% | −1.07 pp |
| 2011 | 2011-12-31 | 12.34% | +2.25 pp |
| 2010 | 2010-12-31 | 10.08% | −7.72 pp |
| 2009 | 2009-12-31 | 17.80% | +0.15 pp |
| 2008 | 2008-12-31 | 17.65% | — |
Granite Construction quarterly gross margin
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Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 16.40% | −1.28 pp |
| Q1 2026 | 2026-03-31 | 12.04% | +0.06 pp |
| Q4 2025 | 2025-12-31 | 14.39% | −1.03 pp |
| Q3 2025 | 2025-09-30 | 18.18% | +2.26 pp |
| Q2 2025 | 2025-06-30 | 17.68% | +2.47 pp |
| Q1 2025 | 2025-03-31 | 11.99% | +3.91 pp |
| Q4 2024 | 2024-12-31 | 15.43% | +5.32 pp |
| Q3 2024 | 2024-09-30 | 15.91% | +0.99 pp |
| Q2 2024 | 2024-06-30 | 15.22% | +3.74 pp |
| Q1 2024 | 2024-03-31 | 8.07% | +2.30 pp |
| Q4 2023 | 2023-12-31 | 10.10% | −2.16 pp |
| Q3 2023 | 2023-09-30 | 14.92% | +3.52 pp |
| Q2 2023 | 2023-06-30 | 11.47% | −0.02 pp |
| Q1 2023 | 2023-03-31 | 5.78% | −3.41 pp |
| Q4 2022 | 2022-12-31 | 12.26% | +3.52 pp |
| Q3 2022 | 2022-09-30 | 11.40% | +0.11 pp |
| Q2 2022 | 2022-06-30 | 11.49% | −0.28 pp |
| Q1 2022 | 2022-03-31 | 9.19% | −0.29 pp |
| Q4 2021 | 2021-12-31 | 8.74% | −2.54 pp |
| Q3 2021 | 2021-09-30 | 11.29% | −0.54 pp |
| Q2 2021 | 2021-06-30 | 11.77% | +2.12 pp |
| Q1 2021 | 2021-03-31 | 9.48% | +5.74 pp |
| Q4 2020 | 2020-12-31 | 11.28% | +5.83 pp |
| Q3 2020 | 2020-09-30 | 11.83% | +0.81 pp |
| Q2 2020 | 2020-06-30 | 9.65% | +4.25 pp |
| Q1 2020 | 2020-03-31 | 3.74% | +3.55 pp |
| Q4 2019 | 2019-12-31 | 5.45% | −0.79 pp |
| Q3 2019 | 2019-09-30 | 11.02% | −2.67 pp |
| Q2 2019 | 2019-06-30 | 5.40% | −4.56 pp |
| Q1 2019 | 2019-03-31 | 0.20% | −9.79 pp |
| Q4 2018 | 2018-12-31 | 6.24% | −2.14 pp |
| Q3 2018 | 2018-09-30 | 13.69% | +1.72 pp |
| Q2 2018 | 2018-06-30 | 9.96% | +0.18 pp |
| Q1 2018 | 2018-03-31 | 9.99% | +4.63 pp |
| Q4 2017 | 2017-12-31 | 8.38% | −3.81 pp |
| Q3 2017 | 2017-09-30 | 11.97% | −1.43 pp |
| Q2 2017 | 2017-06-30 | 9.77% | −2.33 pp |
| Q1 2017 | 2017-03-31 | 5.36% | −3.57 pp |
| Q4 2016 | 2016-12-31 | 12.19% | −3.78 pp |
| Q3 2016 | 2016-09-30 | 13.39% | +0.61 pp |
| Q2 2016 | 2016-06-30 | 12.11% | +0.83 pp |
| Q1 2016 | 2016-03-31 | 8.93% | −0.33 pp |
| Q4 2015 | 2015-12-31 | 15.97% | +4.23 pp |
| Q3 2015 | 2015-09-30 | 12.79% | +3.52 pp |
| Q2 2015 | 2015-06-30 | 11.28% | −2.79 pp |
| Q1 2015 | 2015-03-31 | 9.26% | +3.63 pp |
| Q4 2014 | 2014-12-31 | 11.74% | +4.77 pp |
| Q3 2014 | 2014-09-30 | 9.27% | +1.71 pp |
| Q2 2014 | 2014-06-30 | 14.07% | +5.06 pp |
| Q1 2014 | 2014-03-31 | 5.64% | −2.30 pp |
| Q4 2013 | 2013-12-31 | 6.97% | −4.29 pp |
| Q3 2013 | 2013-09-30 | 7.55% | −6.33 pp |
| Q2 2013 | 2013-06-30 | 9.01% | −0.61 pp |
| Q1 2013 | 2013-03-31 | 7.94% | −0.10 pp |
| Q4 2012 | 2012-12-31 | 11.25% | −3.41 pp |
| Q3 2012 | 2012-09-30 | 13.88% | +0.99 pp |
| Q2 2012 | 2012-06-30 | 9.62% | +0.35 pp |
| Q1 2012 | 2012-03-31 | 8.04% | −3.64 pp |
| Q4 2011 | 2011-12-31 | 14.67% | +3.59 pp |
| Q3 2011 | 2011-09-30 | 12.89% | +1.54 pp |
| Q2 2011 | 2011-06-30 | 9.28% | −1.67 pp |
| Q1 2011 | 2011-03-31 | 11.68% | +9.09 pp |
| Q4 2010 | 2010-12-31 | 11.08% | −3.59 pp |
| Q3 2010 | 2010-09-30 | 11.35% | −6.84 pp |
| Q2 2010 | 2010-06-30 | 10.94% | — |
| Q1 2010 | 2010-03-31 | 2.59% | — |
| Q3 2009 | 2009-09-30 | 14.67% | — |
| Q2 2009 | 2009-06-30 | 18.20% | — |
Granite Construction gross margin trends
Over the last five reported fiscal years, Granite Construction's gross margin increased from 9.68% to 16.07%, a change of +6.40 percentage points. The latest reported quarter, Q2 2026, shows 16.40%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Granite Construction filings at SEC.gov ↗