Granite Construction Incorporated (GVA)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 126,346 | 110,861 | 89,534 | 35,639 | 43,599 | 39,653 | 55,422 | 69,469 | 76,575 | 41,310 | 2,960 | 60,374 | 10,096 | 31,319 | -94,886 | -150,320 | -149,495 | -157,339 | -45,689 | -142,552 |
| 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 |
| Net profit margin | 3.15% | 2.80% | 2.35% | 0.98% | 1.24% | 1.18% | 1.70% | 2.22% | 2.46% | 1.37% | 0.10% | 1.85% | 0.30% | 0.86% | -2.60% | -4.18% | -4.20% | -4.58% | -1.32% | -4.28% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $126,346K ÷ $4,007,578K
= 3.15%
Granite Construction Incorporated's net profit margin has shown fluctuating trends over the provided time period. From March 31, 2020, to June 30, 2021, the company consistently reported negative net profit margins, indicating that its expenses were outpacing its revenues during this period.
However, starting from September 30, 2021, there was a positive shift, as the company managed to achieve positive net profit margins. The trend continued to improve with increasing margins reported in subsequent quarters, reaching a peak of 3.15% by December 31, 2024.
This improvement in net profit margin suggests that Granite Construction Incorporated was able to effectively control costs and enhance revenue generation processes, resulting in stronger profitability during the latter part of the analyzed period. The company's ability to sustain and improve its net profit margin over time reflects positively on its financial performance and management strategies.
Peer comparison
Dec 31, 2024