
Granite Construction Inc
NYSE:GVA

Income Statement
Earnings Waterfall
Granite Construction Inc
Revenue
|
4B
USD
|
Cost of Revenue
|
-3.4B
USD
|
Gross Profit
|
572.7m
USD
|
Operating Expenses
|
-374.1m
USD
|
Operating Income
|
198.6m
USD
|
Other Expenses
|
-72.3m
USD
|
Net Income
|
126.3m
USD
|
Income Statement
Granite Construction Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 275
N/A
|
2 316
+2%
|
2 299
-1%
|
2 331
+1%
|
2 371
+2%
|
2 390
+1%
|
2 426
+1%
|
2 478
+2%
|
2 515
+1%
|
2 544
+1%
|
2 702
+6%
|
2 855
+6%
|
2 958
+4%
|
3 053
+3%
|
3 098
+1%
|
3 196
+3%
|
3 287
+3%
|
3 305
+1%
|
3 364
+2%
|
3 421
+2%
|
2 915
-15%
|
3 500
+20%
|
3 549
+1%
|
3 503
-1%
|
3 563
+2%
|
3 493
-2%
|
3 412
-2%
|
3 409
0%
|
3 502
+3%
|
3 356
-4%
|
3 371
+0%
|
3 318
-2%
|
3 301
0%
|
3 205
-3%
|
3 255
+2%
|
3 363
+3%
|
3 509
+4%
|
3 621
+3%
|
3 805
+5%
|
3 964
+4%
|
4 008
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2 033)
|
(2 056)
|
(2 058)
|
(2 060)
|
(2 071)
|
(2 094)
|
(2 121)
|
(2 161)
|
(2 213)
|
(2 256)
|
(2 413)
|
(2 560)
|
(2 680)
|
(2 743)
|
(2 782)
|
(2 850)
|
(2 952)
|
(3 026)
|
(3 118)
|
(3 197)
|
(2 725)
|
(3 255)
|
(3 264)
|
(3 213)
|
(3 218)
|
(3 118)
|
(3 027)
|
(3 030)
|
(3 139)
|
(3 016)
|
(3 031)
|
(2 983)
|
(2 932)
|
(2 869)
|
(2 913)
|
(2 969)
|
(3 113)
|
(3 203)
|
(3 325)
|
(3 448)
|
(3 435)
|
|
Gross Profit |
242
N/A
|
260
+7%
|
242
-7%
|
271
+12%
|
300
+11%
|
296
-1%
|
305
+3%
|
317
+4%
|
301
-5%
|
287
-5%
|
289
+0%
|
296
+2%
|
279
-6%
|
310
+11%
|
316
+2%
|
346
+10%
|
335
-3%
|
280
-16%
|
246
-12%
|
224
-9%
|
190
-15%
|
244
+29%
|
286
+17%
|
289
+1%
|
345
+19%
|
375
+9%
|
385
+3%
|
378
-2%
|
363
-4%
|
341
-6%
|
340
0%
|
335
-1%
|
370
+10%
|
337
-9%
|
342
+2%
|
394
+15%
|
396
+1%
|
418
+6%
|
480
+15%
|
516
+8%
|
573
+11%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(196)
|
(198)
|
(194)
|
(192)
|
(204)
|
(205)
|
(206)
|
(215)
|
(219)
|
(225)
|
(228)
|
(223)
|
(221)
|
(220)
|
(230)
|
(251)
|
(273)
|
(292)
|
(302)
|
(304)
|
(238)
|
(301)
|
(308)
|
(307)
|
(353)
|
(306)
|
(286)
|
(291)
|
(404)
|
(383)
|
(401)
|
(385)
|
(297)
|
(320)
|
(322)
|
(355)
|
(345)
|
(366)
|
(368)
|
(374)
|
(374)
|
|
Selling, General & Administrative |
(196)
|
(198)
|
(194)
|
(192)
|
(204)
|
(205)
|
(206)
|
(215)
|
(219)
|
(225)
|
(228)
|
(223)
|
(207)
|
(220)
|
(230)
|
(250)
|
(260)
|
(283)
|
(292)
|
(295)
|
(231)
|
(297)
|
(304)
|
(303)
|
(312)
|
(301)
|
(281)
|
(286)
|
(298)
|
(276)
|
(279)
|
(264)
|
(266)
|
(269)
|
(273)
|
(286)
|
(294)
|
(309)
|
(315)
|
(332)
|
(334)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(14)
|
0
|
0
|
(2)
|
(13)
|
(9)
|
(10)
|
(9)
|
(8)
|
(4)
|
(5)
|
(5)
|
(42)
|
(5)
|
(5)
|
(5)
|
(107)
|
(107)
|
(122)
|
(121)
|
(31)
|
(52)
|
(49)
|
(69)
|
(50)
|
(57)
|
(53)
|
(42)
|
(40)
|
|
Operating Income |
47
N/A
|
62
+34%
|
48
-24%
|
79
+66%
|
96
+22%
|
91
-5%
|
99
+9%
|
102
+3%
|
82
-19%
|
62
-24%
|
61
-2%
|
73
+19%
|
58
-20%
|
90
+55%
|
86
-5%
|
95
+10%
|
62
-35%
|
(12)
N/A
|
(55)
-362%
|
(80)
-44%
|
(48)
+40%
|
(57)
-17%
|
(22)
+61%
|
(18)
+19%
|
(9)
+53%
|
69
N/A
|
99
+42%
|
88
-11%
|
(42)
N/A
|
(43)
-2%
|
(61)
-44%
|
(50)
+19%
|
73
N/A
|
16
-78%
|
20
+25%
|
39
+90%
|
52
+34%
|
52
+1%
|
112
+114%
|
143
+28%
|
199
+39%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(11)
|
(12)
|
(11)
|
(12)
|
(9)
|
(7)
|
(6)
|
(4)
|
(2)
|
(2)
|
(1)
|
0
|
1
|
1
|
3
|
1
|
(2)
|
(1)
|
(2)
|
2
|
(4)
|
(3)
|
(7)
|
(14)
|
(12)
|
(14)
|
(13)
|
(12)
|
(7)
|
(9)
|
(5)
|
1
|
8
|
15
|
20
|
23
|
25
|
21
|
18
|
15
|
12
|
|
Non-Reccuring Items |
19
|
19
|
16
|
14
|
14
|
14
|
15
|
15
|
10
|
10
|
9
|
11
|
4
|
(4)
|
(30)
|
(38)
|
(54)
|
(46)
|
(25)
|
(15)
|
7
|
(26)
|
(34)
|
(177)
|
(150)
|
(229)
|
(221)
|
(81)
|
66
|
104
|
117
|
117
|
13
|
33
|
(23)
|
(22)
|
(23)
|
(23)
|
(3)
|
(3)
|
(19)
|
|
Total Other Income |
2
|
3
|
2
|
3
|
2
|
2
|
5
|
6
|
6
|
6
|
3
|
4
|
5
|
4
|
4
|
4
|
2
|
4
|
4
|
2
|
5
|
(2)
|
1
|
3
|
4
|
10
|
8
|
6
|
4
|
2
|
(3)
|
(3)
|
(1)
|
2
|
7
|
6
|
6
|
6
|
3
|
5
|
4
|
|
Pre-Tax Income |
56
N/A
|
72
+29%
|
54
-25%
|
84
+55%
|
103
+24%
|
101
-2%
|
114
+13%
|
119
+4%
|
96
-19%
|
76
-21%
|
73
-4%
|
87
+20%
|
68
-22%
|
91
+33%
|
63
-30%
|
62
-2%
|
8
-87%
|
(55)
N/A
|
(79)
-44%
|
(91)
-14%
|
(40)
+56%
|
(87)
-117%
|
(62)
+28%
|
(206)
-230%
|
(167)
+19%
|
(164)
+2%
|
(127)
+22%
|
2
N/A
|
22
+1 281%
|
54
+143%
|
48
-11%
|
64
+34%
|
92
+43%
|
67
-27%
|
24
-64%
|
47
+93%
|
60
+29%
|
56
-6%
|
130
+132%
|
160
+23%
|
196
+23%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(20)
|
(23)
|
(18)
|
(30)
|
(35)
|
(34)
|
(38)
|
(37)
|
(30)
|
(23)
|
(22)
|
(27)
|
(18)
|
(27)
|
(21)
|
(17)
|
(5)
|
9
|
17
|
22
|
12
|
18
|
14
|
14
|
0
|
7
|
(2)
|
0
|
(20)
|
(41)
|
(42)
|
(25)
|
(13)
|
(5)
|
(6)
|
(36)
|
(30)
|
(30)
|
(42)
|
(45)
|
(56)
|
|
Income from Continuing Operations |
36
|
49
|
36
|
54
|
68
|
67
|
76
|
82
|
66
|
53
|
51
|
61
|
50
|
64
|
42
|
45
|
4
|
(47)
|
(62)
|
(69)
|
(28)
|
(69)
|
(49)
|
(192)
|
(166)
|
(156)
|
(129)
|
2
|
2
|
13
|
7
|
39
|
79
|
62
|
18
|
11
|
30
|
26
|
89
|
115
|
140
|
|
Income to Minority Interest |
(11)
|
(11)
|
(2)
|
(5)
|
(8)
|
(9)
|
(13)
|
(13)
|
(9)
|
(8)
|
(6)
|
(7)
|
(8)
|
(10)
|
(10)
|
(12)
|
(11)
|
(12)
|
(12)
|
(8)
|
(4)
|
6
|
13
|
20
|
21
|
13
|
7
|
3
|
8
|
7
|
7
|
9
|
4
|
9
|
17
|
13
|
14
|
10
|
1
|
(4)
|
(14)
|
|
Net Income (Common) |
25
N/A
|
37
+47%
|
33
-11%
|
49
+47%
|
61
+24%
|
59
-3%
|
63
+8%
|
70
+10%
|
57
-18%
|
45
-22%
|
45
0%
|
53
+20%
|
34
-36%
|
47
+36%
|
24
-48%
|
34
+40%
|
1
-98%
|
(51)
N/A
|
(66)
-31%
|
(76)
-15%
|
(60)
+21%
|
(63)
-5%
|
(36)
+44%
|
(173)
-386%
|
(145)
+16%
|
(146)
-1%
|
(95)
+35%
|
31
N/A
|
10
-68%
|
50
+391%
|
14
-72%
|
48
+249%
|
83
+73%
|
71
-15%
|
35
-50%
|
23
-33%
|
44
+87%
|
36
-18%
|
90
+151%
|
111
+24%
|
126
+14%
|
|
EPS (Diluted) |
0.63
N/A
|
0.94
+49%
|
0.83
-12%
|
1.22
+47%
|
1.52
+25%
|
1.47
-3%
|
1.58
+7%
|
1.73
+9%
|
1.42
-18%
|
1.12
-21%
|
1.09
-3%
|
1.31
+20%
|
0.84
-36%
|
1.16
+38%
|
0.58
-50%
|
0.7
+21%
|
0.01
-99%
|
-1.08
N/A
|
-1.41
-31%
|
-1.61
-14%
|
-1.29
+20%
|
-1.38
-7%
|
-0.76
+45%
|
-3.79
-399%
|
-3.18
+16%
|
-3.19
0%
|
-1.98
+38%
|
0.65
N/A
|
0.21
-68%
|
1.08
+414%
|
0.26
-76%
|
1.09
+319%
|
1.59
+46%
|
1.61
+1%
|
0.79
-51%
|
0.53
-33%
|
0.82
+55%
|
0.8
-2%
|
1.69
+111%
|
2.11
+25%
|
2.4
+14%
|