Granite Construction Incorporated (GVA)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 205,976 | 145,512 | 115,032 | 59,458 | 59,509 | 63,866 | 50,059 | 24,306 | 50,615 | 51,254 | 34,975 | 100,428 | 31,677 | 34,578 | 34,338 | -36,977 | -5,868 | -13,636 | -34,763 | -158,652 |
| 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 |
| Operating profit margin | 5.14% | 3.67% | 3.02% | 1.64% | 1.70% | 1.90% | 1.54% | 0.78% | 1.62% | 1.70% | 1.14% | 3.08% | 0.94% | 0.95% | 0.94% | -1.03% | -0.16% | -0.40% | -1.00% | -4.76% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $205,976K ÷ $4,007,578K
= 5.14%
The operating profit margin of Granite Construction Incorporated has shown a fluctuating trend over the analyzed period. Starting from negative values in the first half of 2020, the company gradually improved its operating profit margin to positive levels by the end of 2021. The margin continued to increase in the following quarters of 2022 and 2023, reaching a peak of 5.14% by the end of December 2024.
This improvement in operating profit margin indicates that Granite Construction Incorporated has managed to enhance its operational efficiency and/or control its operating expenses more effectively over time, leading to a higher proportion of revenue translating into operating profits. Such a positive trend in operating profit margin can be seen as a favorable indicator of the company's financial health and performance.
Peer comparison
Dec 31, 2024