Granite Construction Incorporated

GVANYSEIndustrials● Active

$141.75

+$1.15(+0.81%)

Market Cap$6.2B

P/E Ratio—

52W High$145

52W Low$88.17

Avg Volume664K

Open$143.01

Beta1.33

Free Cash Flow Financials Revenue

Granite Construction Incorporated (GVA) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

GVA · free cash flow · updated Jun 15, 2026

Core FCF metrics

GVA · FCF · TTM · margin & CAGR

Free cash flow was $330.6M for FY2025 (fiscal year ending 2025-12-31), up 3.3% year-over-year The FCF margin was 7.5%. Five-year CAGR stands at +13.5%.

FY2025 Free Cash Flow$330.6M▲ +3.3% YoY

Trailing 12M (TTM)$302.2Mtrailing 4 quarters sum

FCF Margin7.5%$330.6M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR+13.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 15, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

GVA · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$468.9M(138M)$330.6M▲ +3.3%7.5%

FY2024$456.3M(136M)$319.9M▲ +638.5%8.0%

FY2023$183.7M(140M)$43.3M▲ +165.7%1.2%

FY2022$55.6M(122M)−$66.0M▲ +9.5%-2.0%

FY2021$21.9M(95M)−$72.9M▼ 141.6%-2.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

GVA · P/FCF · FCF yield · FCF per share

Granite Construction Incorporated (GVA) trades at a FCF yield of 4.87% and a price-to-free-cash-flow ratio of 20.5x. FCF per share stands at $6.92, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.87%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$6.92

TTM FCF ÷ Shares Outstanding

Price / FCF

x20.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x24.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

GVA · cash flow statement · operating / investing / financing

For FY2025, Granite Construction Incorporated generated $468.9M in operating cash flow and spent 138M in capital expenditures, yielding $330.6M in free cash flow.

Operating Activities

+$468.9M

Cash from core business operations

2025-12-31

Investing Activities

−$993.7M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$475.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($468.9M) − |CapEx| (138M) = FCF ($330.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

GVA vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Granite Construction IncorporatedYOU

GVA

$330.6M+3.3%7.5%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Granite Construction Incorporated (GVA) reported free cash flow of $330.6M for FY2025 (fiscal year ending 2025-12-31), up 3.3% year-over-year. The FCF margin was 7.5%.

Based on available data, Granite Construction Incorporated has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $330.6M in FY2025. The 5-year CAGR stands at +13.5%.

Granite Construction Incorporated's FCF yield is 4.87% and price-to-FCF ratio is 20.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

GVA free cash flow · 8 questions

Granite Construction Incorporated free cash flow was $330.6M for FY2025, up 3.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $302.2M.

GVA free cash flowGVA FCFGVA FCF 2025GVA free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Granite Construction Incorporated · Granite Construction Incorporated SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 15, 2026