Granite Construction Incorporated (GVA)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 196,192 | 160,026 | 130,499 | 56,127 | 59,854 | 54,682 | 37,563 | 51,981 | 65,974 | 45,328 | 23,855 | 95,625 | 29,095 | 35,540 | -92,872 | -166,993 | -166,463 | -176,883 | -64,411 | -187,377 |
| 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 |
| Pretax margin | 4.90% | 4.04% | 3.43% | 1.55% | 1.71% | 1.63% | 1.15% | 1.66% | 2.12% | 1.51% | 0.78% | 2.94% | 0.86% | 0.98% | -2.55% | -4.64% | -4.67% | -5.15% | -1.86% | -5.62% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $196,192K ÷ $4,007,578K
= 4.90%
Granite Construction Incorporated's pretax margin has shown fluctuations over the past few years. The company experienced negative pretax margins in the first half of 2020, with a low of -5.62% in March 2020. However, there was a slight improvement by the end of 2020, with the margin at -4.67% in December.
Throughout 2021 and the first half of 2022, the pretax margin remained negative but showed signs of improvement, reaching 2.94% by March 2022. This positive trend continued through 2023, with the margin consistently above 1.5% in each quarter.
By the end of 2024, Granite Construction Incorporated significantly improved its pretax margin, reaching 4.90% in December. This indicates a positive shift towards higher profitability compared to the earlier periods analyzed. Overall, the company demonstrated a gradual recovery and improvement in its pretax margin over the timeframe assessed.
Peer comparison
Dec 31, 2024