Granite Construction Incorporated (GVA)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 43,599 | 39,653 | 51,331 | 87,012 | 83,302 | 48,037 | 13,778 | 49,558 | 10,096 | 31,319 | -94,886 | -145,942 | -145,117 | -172,507 | -35,444 | -63,091 | -60,191 | -93,487 | -71,552 | -41,444 |
| Revenue (ttm) | US$ in thousands | 6,971,350 | 5,879,173 | 5,667,503 | 5,458,263 | 5,431,183 | 5,325,166 | 5,427,206 | 5,817,366 | 6,062,166 | 6,209,360 | 6,214,250 | 6,116,400 | 6,046,880 | 6,102,077 | 6,156,537 | 5,911,407 | 5,881,417 | 5,888,155 | 5,819,425 | 5,852,105 |
| Net profit margin | 0.63% | 0.67% | 0.91% | 1.59% | 1.53% | 0.90% | 0.25% | 0.85% | 0.17% | 0.50% | -1.53% | -2.39% | -2.40% | -2.83% | -0.58% | -1.07% | -1.02% | -1.59% | -1.23% | -0.71% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $43,599K ÷ $6,971,350K
= 0.63%
Granite Construction Inc.'s net profit margin has exhibited some variability over the past eight quarters. In Q4 2023, the net profit margin was 1.24%, which is an improvement from the previous quarter's 0.66%. However, it is notably lower compared to Q4 2022 when the net profit margin stood at 2.52%.
The company experienced fluctuations in its profitability in recent quarters, with Q1 2023 showing a relatively high net profit margin of 2.21%, followed by a decline in Q2 and a slight recovery in Q3. The net profit margin in Q3 2022 was significantly lower at 0.97%, indicating a period of lower profitability for the company.
Overall, Granite Construction Inc.'s net profit margin has shown some volatility, indicating potential challenges in maintaining consistent profitability. It would be important for the company to closely monitor its cost structure and revenue generation strategies to improve and stabilize its profitability over time.
Peer comparison
Dec 31, 2023