Granite Construction Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Granite Construction Inc (GVA) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Granite Construction Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 5,302M vs 30,928M combined for its competitors (14.6% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+33.3% annualized vs trailing 12 months), vs accelerating (+17.3%) for its tracked peer group.
- Growth: Granite Construction Inc generated 23.3% revenue growth year over year in Q3 2026, vs 15.1% for its competitors combined.
- Profitability: Its 0.2% net margin compares with 7.8% for the peer group.
- Scale: Granite Construction Inc ranks #19 of 86 companies by market capitalization in the Construction Services industry, holding 1.2% of industry market cap.
- Peer revenue share: Granite Construction Inc accounted for 16.3% of combined revenue among its tracked peer group, up from 15.4% a year earlier.
- Peer differentiation: Revenue per employee of $0.91M compares with $0.52M for the peer group (1.7x).
- Structure: Granite Construction Inc operates in the following segments: Constructions, Materials.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
GVA Sales vs. its Competitors, Q3 2026
Granite Construction Inc reported revenue growth of 23.30 % year on year in Q3 2026, above its competitors' combined revenue growth of 15.07 %.
With a net margin of 0.18 %, Granite Construction Inc reported lower profitability than its competitors (7.75 %).
Granite Construction Inc generated 16.31 % of the combined sales of its peer group, up from 15.38 % a year earlier.
API endpoints for this dataset
Granite Construction Inc vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Granite Construction Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Granite Construction Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Granite Construction Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (8) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Granite Construction Inc's competitor groups requires a Commercial License.
For context: the Construction Services industry grew revenue 35.0% year over year, combined, vs 23.3% for Granite Construction Inc. Granite Construction Inc's share of combined industry revenue moved from 1.18% to 1.08%, a loss of 0.10 percentage points.
Granite Construction Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Granite Construction Inc | No | Yes | Yes | Yes |
| Competitors combined (11) | ||||
| High-Confidence Competitors (3) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
GVA Stock Performance relative to its Competitors
GVA Stock Performance relative to High-Confidence Competitors
GVA Stock Performance relative to Similar-Size Competitors
GVA Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Tutor Perini Corporation | 282.9% | Outperformed |
| 2 | United States Lime and Minerals Inc | 282.9% | Outperformed |
| 3 | Vulcan Materials Company | 282.9% | Outperformed |
| 4 | Eagle Materials Inc | 282.9% | Outperformed |
| 5 | Mastec Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Granite Construction Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Granite Construction Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Granite Construction Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Granite Construction Inc |
5,806.77 | 5,301.83 |
 Vulcan Materials Company |
37,269.45 | 8,008.90 |
 Martin Marietta Materials Inc |
31,816.90 | 6,295.00 |
 Mastec Inc |
14,521.65 | 17,295.32 |
 Dycom Industries Inc |
6,555.58 | 6,252.09 |
 Eagle Materials Inc |
5,933.70 | 2,324.93 |
| SUBTOTAL | 121,574.75 | 65,253.75 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Granite Construction Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Granite Construction Inc's Competitors Named by the Company
Competitive relationships identified from Granite Construction Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Knife River Corporation | Company report | 85% |
| Primoris Services Corporation | Company report | 85% |
| Fluor Corporation | Company report | 85% |
| Tutor Perini Corporation | Company report | 85% |
| Mastec Inc | Company report | 85% |
| Summit Materials Inc | Company report | 85% |
| North American Construction Group Ltd | Company report | 85% |
| Eagle Materials Inc | Company report | 85% |
| Vulcan Materials Company | Company report | 85% |
| Martin Marietta Materials Inc | Company report | 85% |
| Dycom Industries Inc | Company report | 85% |
| U s Concrete Inc | Company report | 85% |
| Mdu Resources Group Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Granite Construction Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Granite Construction Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Granite Construction Inc | Constructions 83.45 % |
| Vulcan Materials Company | Aggregates 83.42 % |
| Martin Marietta Materials Inc | Building Materials Business 84.72 % |
| Mastec Inc | Power Delivery 35.62 % |
| Dycom Industries Inc | Communications 79.88 % |
| Eagle Materials Inc | Cement 59.83 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Granite Construction Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Granite Construction Inc | 5,807 | 914,108 | -42,384 |
| Vulcan Materials Company | 37,269 | 681,725 | 94,025 |
| Martin Marietta Materials Inc | 31,817 | 669,681 | 261,383 |
| Mastec Inc | 14,522 | 480,426 | 14,417 |
| Dycom Industries Inc | 6,556 | 319,702 | 15,925 |
| Eagle Materials Inc | 5,934 | 929,974 | 161,030 |
| PEERS TOTAL | 115,768 | 524,193 | 45,828 |
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Granite Construction Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Mastec Inc | Non-US 1.74 % |
| Tutor Perini Corporation | United States 90.90 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Granite Construction Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 77 companies in Granite Construction Inc's industry classification, broader than the peer set above. Market cap in millions of $.Granite Construction Inc ranks #19 of 77 companies by market capitalization in its industry, holding 1.18 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 677, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Quanta Services Inc | 86,052 | 18.50 % |
| 2 | D r Horton Inc | 43,958 | 9.45 % |
| 3 | Comfort Systems Usa inc | 37,991 | 8.17 % |
| 4 | Emcor Group Inc | 28,316 | 6.09 % |
| 5 | Pultegroup Inc | 1,234 | 5.2% |
| 6 | Lennar Corp | 1,234 | 5.2% |
| 7 | Jacobs Solutions Inc | 1,234 | 5.2% |
| 8 | Nvr Inc | 1,234 | 5.2% |
| 9 | Toll Brothers Inc | 1,234 | 5.2% |
| 10 | Mastec Inc | 1,234 | 5.2% |
| 19 | Granite Construction Inc | 5,492 | 1.18 % |
Market cap and industry share for the rest of Granite Construction Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-09.
Granite Construction Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 14 | Sterling Infrastructure Inc | 8,523 | -29.59 % |
| 15 | Fluor Corporation | 6,735 | 7.14 % |
| 16 | Dycom Industries Inc | 6,556 | -23.73 % |
| 17 | Installed Building Products Inc | 5,855 | -12.99 % |
| 18 | Vse Corporation | 1,234 | 12.3% |
| 19 | Granite Construction Inc | 5,492 | 26.30 % |
| 20 | Solv Energy Inc | 1,234 | 12.3% |
| 21 | Champion Homes Inc | 1,234 | 12.3% |
| 22 | Cavco Industries Inc | 1,234 | 12.3% |
| 23 | Tutor Perini Corporation | 1,234 | 12.3% |
| 24 | Kbr Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Granite Construction Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-09. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Granite Construction Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Construction Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (118 companies). See the full Construction Services industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 16.07 % | 17.79 % (avg) | -1.7 pp |
| Operating Margin | 7.45 % | industry median | +0.0 pp |
| EBITDA Margin | 3.92 % | 2.73 % (avg) | +1.2 pp |
| Capital Intensity (Capex / Revenue) | 2.65 % | 3.49 % (avg) | -0.8 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Granite Construction Inc's Valuation vs Competitive Position
Valuation multiples vs the Construction Services industry average (118 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Construction Services industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 25.8x | - |
| EV / EBITDA | 32.5x | 16.4x | +16.1x |
| P/B | 5.5x | 3.9x | +1.7x |
| Return on Equity | -23.96 % | industry aggregate | -41.22 % |
| Return on Invested Capital | 10.71 % | 1.41 % (avg) | 9.30 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Granite Construction Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 18.89 % | 10.99 % | 3.83 % | 0.97 % | 3.50 % | 6.27 % | 14.20 % | 10.42 % |
| Operating Margin | 3.30 % | 1.93 % | -2.41 % | -3.43 % | 2.59 % | 2.28 % | 5.18 % | 6.38 % |
| Return on Invested Capital | 4.41 % | 2.14 % | -2.64 % | -3.89 % | 3.17 % | 2.88 % | 6.60 % | 8.00 % |
| P/E | 38.4x | 55.6x | - | - | 22.3x | 55.2x | 35.8x | 28.8x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Granite Construction Inc's Strategic Group Map
Granite Construction Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Granite Construction Inc's trailing-12-month revenue growth of 25.2% and operating margin of 7.5% compares with an average of 23.6% growth and 6.5% margin across its 8 closest peers by combined growth, margin and ROIC -- Granite Construction Inc sits above that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Granite Construction Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Granite Construction Inc falls in the Dog quadrant: relative market share of 0.06x vs its largest competitor, in an industry growing revenue 3.2% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Granite Construction Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 677 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 2.65 % vs industry average 3.49 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Granite Construction Inc's dedicated Suppliers and Customers pages, not here.
Granite Construction Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Granite Construction Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Granite Construction Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+33.3% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 41.2 points below the industry aggregate.
- Low relative market share vs the industry leader (0.06x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Granite Construction Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Granite Construction Inc | 0.30 | 1.10 | 1.57 |
| Vulcan Materials Company | 0.14 | 2.02 | 0.52 |
| Martin Marietta Materials Inc | 0.11 | 2.37 | 0.54 |
| Mastec Inc | 0.10 | 1.36 | 1.28 |
| Dycom Industries Inc | 0.40 | 2.83 | 1.15 |
| Eagle Materials Inc | 0.56 | 3.10 | 1.01 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Granite Construction Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Granite Construction Inc | Q3 2026 | +23.3 % | -97.1 % |
| Vulcan Materials Company | Q3 2026 | -4.7 % | -3.4 % |
| Martin Marietta Materials Inc | Q2 2026 | +7.5 % | -23.5 % |
| Mastec Inc | Q3 2026 | +29.9 % | -9.6 % |
| Dycom Industries Inc | Q1 2026 | +56.1 % | +49.5 % |
| Eagle Materials Inc | Q2 2026 | +2.6 % | -17.2 % |
| PEERS TOTAL | +14.6 % | -28.2 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Granite Construction Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Granite Construction Inc | Q3 2026 | +22.1 % | +27.3 % |
| Vulcan Materials Company | Q3 2026 | -4.7 % | -20.0 % |
| Martin Marietta Materials Inc | Q2 2026 | +30.3 % | -28.5 % |
| Mastec Inc | Q3 2026 | +33.1 % | +27.2 % |
| Dycom Industries Inc | Q1 2026 | +56.1 % | -11.6 % |
| Eagle Materials Inc | Q2 2026 | +9.0 % | +58.7 % |
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Granite Construction Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Granite Construction Inc | - | - | - |
| Vulcan Materials Company | 6.64% | 6.50% | 13.02% |
| Martin Marietta Materials Inc | 12.41% | 12.99% | 23.06% |
| Mastec Inc | 4.57% | 5.58% | 14.26% |
| Dycom Industries Inc | 6.66% | 8.15% | 18.85% |
| Eagle Materials Inc | 11.16% | 11.07% | 27.04% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Granite Construction Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Granite Construction Inc | - | 1.10 |
| Vulcan Materials Company | 34.14 | 4.65 |
| Martin Marietta Materials Inc | 12.99 | 5.05 |
| Mastec Inc | 29.73 | 0.84 |
| Dycom Industries Inc | 20.53 | 1.05 |
| Eagle Materials Inc | 15.14 | 2.55 |
| PEERS AVERAGE | 24.34 | 1.86 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.