GVAGRANITE CONSTRUCTION INC
Heavy Construction Other Than Bldg Const - Contractors
- Revenue
- $4.4B
- 10% YoY
- Operating margin
- 6.4%
- 23% YoY
- EBITDA
- $445M
- 33% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.1×
- −$65M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear243% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear15% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear10% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.5B | $3.3B | $3.5B | $4.0B | $4.4B | 10% |
| Operating income | $25M | $85M | $80M | $207M | $282M | 36% |
| Net income | $10M | $83M | $44M | $126M | $193M | 53% |
| Operating cash flow | $22M | $56M | $184M | $456M | $469M | 2.8% |
| Capex | $95M | $122M | $140M | $136M | $138M | 1.4% |
| Stock-based comp | $6M | $8M | $10M | $20M | $39M | 100% |
| Buybacks | $3M | $71M | $4M | $51M | $48M | 4.8% |
| Dividends | $24M | $23M | $23M | $23M | $23M | 0.4% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 457 | 388 |
| FY2024 | — | — | 345 | 287 |
| FY2023 | — | — | 199 | 204 |
| FY2022 | — | — | 135 | 171 |
| FY2021 | — | — | 147 | 149 |