Granite Construction Incorporated (GVA)

Pretax margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	196,192	59,854	91,817	-9,496	-166,463
Revenue	US$ in thousands	4,007,570	3,509,140	3,301,260	3,010,050	3,562,460
Pretax margin		4.90%	1.71%	2.78%	-0.32%	-4.67%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $196,192K ÷ $4,007,570K
= 4.90%

Granite Construction Incorporated's pretax margin has shown a fluctuating trend over the past five years, ranging from negative to positive figures. The margin was notably negative in December 2020 and December 2021, gradually improving to 2.78% in December 2022. It dipped slightly to 1.71% in December 2023 before experiencing a significant increase to 4.90% in December 2024. Overall, the company's pretax margin has shown signs of recovery and improvement over the period, indicating potential enhancements in operational efficiency and profitability.

Peer comparison

Dec 31, 2024

Company name

Symbol

Pretax margin

Granite Construction Incorporated

GVA

4.90%

Fluor Corporation

FLR

3.76%

Jacobs Solutions Inc.