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Granite Construction Incorporated  (GVA)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services

Granite Construction Incorporated's ROE per quarter

Return on Equity, Quarterly Results, Trends, Rankings, Statistics


What is ROE for Granite Construction Incorporated in the forth quarter 2023?
Granite Construction Incorporated achieved a return on average equity (ROE) of 3 % in its forth quarter 2023, this is above GVA's average return on equity of 1.5%.
Granite Construction Incorporated shareholder's equity over the 12 months ending in its forth quarter 2023 are valued at $987 million

While the company's net income was fading, Granite Construction Incorporated was able to improve its ROE compared to the third quarter 2023.

Within the Construction Services industry 37 other companies had a higher return on equity. While Return on equity, overall ranking has advanced in the quarter, so far to 811, from total ROE ranking in the third quarter 2023 at 2095.

What is ROE?



Return On Equity (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity Change 4.25 % 2.01 % 2.64 % 1.59 % -
Y / Y Net Income Change 669.55 % -17.02 % - - -91.3 %
Net Income (TTM) in Millions 30 11 22 63 79
Return On Equity (TTM) 3 % 1.1 % 2.32 % 6.52 % 8.2 %
GVA's Total Ranking # 811 # 2095 # 2081 # 1764 # 1568
Equity (TTM) in Millions 1,027 1,007 941 972 985
Seq. Equity Change 2.03 % 6.92 % -3.18 % -1.29 % -0.16 %
Seq. Net Income Change -62.24 % - - - -95.93 %

Return On Equity Company Ranking
Within: No.
Industry # 38
Sector # 143
Overall # 811

Return On Equity Statistics
High Average Low
11.17 %
1.5 %
-25.33 %
(Sep 30 2022)   (Mar 31 2021)





GVA Annual Return On Equity (Dec 31 2023)
2023
(Dec 31 2022)
2022
(Dec 31 2020)
2020
(Dec 31 2019)
2019
(Dec 31 2018)
2018
Total Equity in Millions 1,027 985 992 1,178 1,398
Y / Y Equity Change 4.25 % -0.65 % -15.85 % -15.68 % 40.78 %
Net Income in Millions 30 79 -166 -57 54
Y / Y Net Income Change -62.48 % - - - -29.1 %
Return On Equity 2.88 % 8 % -16.76 % -4.81 % 3.85 %





Annual Roe Comment
In 2023 ROE decreased compared to the previous year to 2.88 %, due to deterioration of net income.


More Return On Equity Ratios
Construction Services Industry Roe Trends and Statistics
Capital Goods Sector Return On Equity Statistics
GVA's' Return on Equity at Yahoo Finance
GVA's Roe Ratio versus Construction Services Industry, Capital Goods Sector and overall Market
Highest Ranking Return On Equity
Lowest Ranking Return On Equity
Roe for GVA's Competitors
Return On Equity for Granite Construction Incorporated's Suppliers
Roe for GVA's Customers




Companies with similar Return On Equity at Dec 31 2023, within Capital Goods Sector ROE
Ingersoll Rand Inc   8.19 %
Twin Disc Inc  7.93 %
Spx Technologies Inc   7.75 %
Leonardo Drs Inc   7.55 %
Gates Industrial Corporation Plc  7.38 %
Elbit Systems Ltd   7.32 %
Vse Corporation  7.27 %
Xylem Inc   7.25 %
Ameresco Inc   7.11 %
Concrete Pumping Holdings Inc   7.09 %
Zurn Elkay Water Solutions Corporation  7.04 %
Thor Industries Inc   6.89 %
The Eastern Company  6.76 %
L3harris Technologies Inc   6.43 %
Fluor Corporation  6.21 %
Aar Corp  6.14 %
Willdan Group inc   5.73 %
Columbus Mckinnon Corporation  5.71 %
Astec Industries Inc   5.24 %
Aecom  4.40 %
Granite Construction Incorporated  3.00 %
Trio tech International  3.00 %
Ducommun Incorporated  2.63 %
Arts Way Manufacturing Co Inc  2.27 %
Amrep Corp   1.98 %
Kaman Corporation  1.16 %
Playags Inc   0.69 %


Date modified: 2024-02-23T20:03:09+00:00



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