Granite Construction Incorporated (GVA)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	73,866	67,281	48,826	84,151	96,262	72,992	55,347	90,169	22,598	31,114	-92,723	-153,271	-145,399	-178,499	-40,961	-72,739	-72,479	-115,568	-92,682	-49,062
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
Pretax margin		1.06%	1.14%	0.86%	1.54%	1.77%	1.37%	1.02%	1.55%	0.37%	0.50%	-1.49%	-2.51%	-2.40%	-2.93%	-0.67%	-1.23%	-1.23%	-1.96%	-1.59%	-0.84%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $73,866K ÷ $6,971,350K
= 1.06%

Granite Construction Inc.'s pretax margin has fluctuated over the past eight quarters, ranging from a low of -0.55% in Q2 2022 to a high of 2.78% in Q4 2022. The company's pretax margin has shown some volatility, with the most recent quarter, Q4 2023, reflecting a pretax margin of 1.71%. Overall, Granite Construction Inc.'s pretax margin has displayed some variability, potentially indicating shifts in the company's profitability and efficiency in generating operating income before tax expenses over the analyzed period.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Granite Construction Incorporated

GVA

1.06%

Fluor Corporation

FLR

2.42%

Jacobs Solutions Inc.