Granite Construction Incorporated (GVA)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 572,697 | 516,256 | 479,950 | 418,325 | 396,399 | 398,869 | 352,593 | 327,987 | 345,403 | 300,274 | 299,842 | 338,308 | 351,851 | 406,848 | 412,910 | 384,307 | 344,788 | 547,825 | 513,260 | 372,513 |
| Revenue (ttm) | US$ in thousands | 4,007,578 | 3,963,973 | 3,805,283 | 3,621,345 | 3,509,138 | 3,364,653 | 3,257,643 | 3,127,377 | 3,114,895 | 3,008,878 | 3,061,198 | 3,257,084 | 3,379,411 | 3,641,787 | 3,644,847 | 3,596,446 | 3,562,460 | 3,437,851 | 3,460,771 | 3,334,540 |
| Gross profit margin | 14.29% | 13.02% | 12.61% | 11.55% | 11.30% | 11.85% | 10.82% | 10.49% | 11.09% | 9.98% | 9.79% | 10.39% | 10.41% | 11.17% | 11.33% | 10.69% | 9.68% | 15.94% | 14.83% | 11.17% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $572,697K ÷ $4,007,578K
= 14.29%
Granite Construction Incorporated's gross profit margin has fluctuated over the observation period from March 31, 2020, to December 31, 2024. The company's gross profit margin started at 11.17% in March 2020, increased to 15.94% by September 2020, but then decreased to 9.68% by December 2020. Subsequently, the margin showed some volatility, with fluctuations in the range of 9.68% to 15.94% until June 30, 2024, where it reached 12.61%.
Overall, the company's gross profit margin has shown some variability, indicating potential changes in the cost of goods sold relative to the revenue generated from its operations. It is essential for Granite Construction Incorporated to monitor and manage its cost structure effectively to sustain and improve its gross profit margin over time.
Peer comparison
Dec 31, 2024