Granite Construction Incorporated (GVA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 572,697 | 396,399 | 369,494 | 305,556 | 344,788 |
| Revenue | US$ in thousands | 4,007,570 | 3,509,140 | 3,301,260 | 3,010,050 | 3,562,460 |
| Gross profit margin | 14.29% | 11.30% | 11.19% | 10.15% | 9.68% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $572,697K ÷ $4,007,570K
= 14.29%
Granite Construction Incorporated's gross profit margin has shown an increasing trend over the years, starting at 9.68% as of December 31, 2020, and reaching 14.29% as of December 31, 2024. This indicates that the company has been able to effectively manage its production costs and generate higher gross profits relative to its revenue. The consistent improvement in the gross profit margin suggests efficiency in cost control, pricing strategies, or operational improvements within the organization. Overall, the rising gross profit margin reflects positively on the company's profitability and operational performance over the specified period.
Peer comparison
Dec 31, 2024