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Goldfield Corp  (GV)
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    Sector  Capital Goods    Industry Construction Services

Goldfield's

Competitiveness


 

GV Sales vs. its Competitors Q3 2020



Comparing the current results to its competitors, Goldfield reported Revenue increase in the 3 quarter 2020 by 8.25 % year on year, while most of its competitors have experienced contraction in revenues by -3.38 %, achieved in the same quarter.

List of GV Competitors

With a net margin of 2.25 % Goldfield achieved higher profitability than its competitors.

More on GV Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Goldfield CorpNet Income in the 3 quarter 2020 fell year on year by -6.05%, while most of its competitors have experienced a contraction in net income by -4.22 %.

<<  GV Stock Performance Comparisons


Goldfield's Comment on Competitors and Industry Peers


The electrical construction business is highly competitive. We compete with other independent contractors, including larger regional and national firms that may have financial, operational, technical and marketing resources that exceed our own. Competitive factors include: level of technical expertise and experience, industry reputation, quality of work, price, geographic presence, dependability, availability of skilled personnel, worker safety and financial stability. Our management believes that we compete favorably with our competitors on the basis of these factors. There can be no assurance, however, that our competitors will not develop the expertise, experience and resources to provide services that are superior in both price and quality to our services, or that we will be able to maintain or enhance our competitive position.
We are subject to various federal, state and local statutes and rules regarding, among other things, contractor licensing, electrical codes, worker safety and environmental protection. We believe that we are in substantial compliance with all applicable regulatory requirements.