Granite Construction Incorporated (GVA)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 126,346 | 43,599 | 83,302 | -8,259 | -166,181 |
| Revenue | US$ in thousands | 4,007,570 | 3,509,140 | 3,301,260 | 3,010,050 | 3,562,460 |
| Net profit margin | 3.15% | 1.24% | 2.52% | -0.27% | -4.66% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $126,346K ÷ $4,007,570K
= 3.15%
Granite Construction Incorporated's net profit margin has shown varying trends over the past five years. In December 31, 2020, the company reported a negative net profit margin of -4.66%, indicating that for every dollar of revenue generated, the company incurred a loss of $0.0466. However, there has been an improvement in the net profit margin since then. By December 31, 2024, the net profit margin increased to 3.15%, signifying that the company was able to improve its profitability over the years.
The positive trend in the net profit margin from 2020 to 2024 suggests that Granite Construction Incorporated has been successful in managing its costs and operational efficiency, thus enhancing its bottom line. It is important for investors and stakeholders to monitor this metric closely as it reflects the company's ability to generate profit from its core business activities.
Peer comparison
Dec 31, 2024