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Granite Construction Inc.
Previous close
$95.75
Day range
$94.83 - $98.22
Year range
$43.92 - $98.22
Market cap
4.28B USD
Avg Volume
744.60K
P/E ratio
47.61
Dividend yield
0.53%
Primary exchange
NYSE
In the news
Financials
Income Statement
Revenue
Net income
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Revenue | 1.28B | 14.21% |
Operating expense | 100.19M | 15.65% |
Net income | 78.95M | 37.01% |
Net profit margin | 6.19 | 19.96% |
Earnings per share | 2.05 | 21.30% |
EBITDA | 136.57M | 31.60% |
Effective tax rate | 23.27% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 616.53M | 16.31% |
Total assets | 3.13B | 21.34% |
Total liabilities | 2.06B | 30.98% |
Total equity | 1.07B | — |
Shares outstanding | 43.71M | — |
Price to book | 4.16 | — |
Return on assets | 8.55% | — |
Return on capital | 13.87% | — |
Cash Flow
Net change in cash
(USD) | Sep 2024info | Y/Y change |
---|---|---|
Net income | 78.95M | 37.01% |
Cash from operations | 261.46M | 70.73% |
Cash from investing | -160.98M | -546.73% |
Cash from financing | -4.94M | 90.23% |
Net change in cash | 95.54M | 22.99% |
Free cash flow | 174.37M | 32.97% |
About
Granite Construction Inc. is a civil construction company and aggregate producer, a member of the S&P 600 Index based and founded in Watsonville, California, and is the parent corporation of Granite Construction Company. The company is both a heavy civil construction contractor and construction aggregate manufacturer, owning or leasing quarries in several Western states for extracting mostly sands, gravel, and crushed stone products. The company was under investigation from the SEC from 2019 to 2021 for misrepresenting revenue, and as a result paid fines to settle disputes with shareholders, and avoided delisting from the NYSE.
Incorporated in 1922 and publicly traded since 1990, Granite Construction Company is composed of a construction materials division, and three construction operating divisions. Under each group are numerous regional offices, quarries, asphalt and concrete plants. Granite's California Group comprises five regions, based on geographically limited areas within the state. Granite's Central Group comprises six regions, representing states and specific markets outside of California: Arizona, Texas, Florida, Illinois, and Federal Division based in Colorado. Wikipedia
Founded
1922
Headquarters
Website
Employees
2,100