Granite Construction Incorporated
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.42B | $4.01B | $3.51B | $3.30B | $3.50B | $3.56B | $2.91B | $3.29B |
| Cost of Revenue | $3.71B | $3.43B | $3.11B | $2.93B | $3.14B | $3.22B | $2.73B | $2.95B |
| Gross Profit | $711.2M | $572.7M | $396.4M | $369.5M | $362.6M | $344.8M | $189.8M | $334.8M |
| Gross Margin | 16.1% | 14.3% | 11.3% | 11.2% | 10.4% | 9.7% | 6.5% | 10.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $407.6M | $334.2M | $294.5M | $272.6M | $303.0M | $316.3M | $238.1M | $272.8M |
| Operating Income | $282.4M | $207.4M | $80.1M | $85.4M | $24.7M | $-158.3M | $-41.7M | $8.2M |
| Operating Margin | 6.4% | 5.2% | 2.3% | 2.6% | 0.7% | -4.4% | -1.4% | 0.2% |
| Interest Expense | — | — | $18.5M | $12.6M | $20.7M | $24.2M | $18.1M | $14.6M |
| Pretax Income | $288.8M | $196.2M | $59.9M | $91.8M | $22.1M | $-166.5M | $-40.2M | $8.3M |
| Income Tax Expense | $68.5M | $55.7M | $30.3M | $13.0M | $19.7M | $-282.0K | $-12.3M | $-3.2M |
| Net Income | $193.0M | $126.3M | $43.6M | $83.3M | $10.1M | $-145.1M | $-60.2M | $582.0K |
| Net Margin | 4.4% | 3.2% | 1.2% | 2.5% | 0.3% | -4.1% | -2.1% | 0.0% |
| EPS (Basic) | $4.42 | $2.88 | $0.99 | $1.87 | $0.22 | $-3.18 | $-1.29 | $0.01 |
| EPS (Diluted) | $3.86 | $2.62 | $0.97 | $1.70 | $0.21 | $-3.18 | $-1.29 | $0.01 |
| Shares Outstanding (Basic) | 43.6M | 43.8M | 43.9M | 44.5M | 45.8M | 45.6M | 46.6M | 43.6M |
| Shares Outstanding (Diluted) | 53.1M | 52.5M | 52.6M | 52.3M | 47.6M | 45.6M | 46.6M | 44.0M |
| Dividends Per Share | $0.52 | $0.52 | $0.52 | $0.52 | $0.52 | $0.52 | $0.52 | $0.52 |