Granite Construction Incorporated (GVA)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 14.29% | 13.02% | 12.61% | 11.55% | 11.30% | 11.85% | 10.82% | 10.49% | 11.09% | 9.98% | 9.79% | 10.39% | 10.41% | 11.17% | 11.33% | 10.69% | 9.68% | 15.94% | 14.83% | 11.17% |
| 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% |
| 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% |
| Net profit margin | 3.15% | 2.80% | 2.35% | 0.98% | 1.24% | 1.18% | 1.70% | 2.22% | 2.46% | 1.37% | 0.10% | 1.85% | 0.30% | 0.86% | -2.60% | -4.18% | -4.20% | -4.58% | -1.32% | -4.28% |
Granite Construction Incorporated's profitability ratios show fluctuations over the analyzed periods. The gross profit margin ranged from 9.68% to 14.29%, with an overall increasing trend from 2020 to 2024. Operating profit margin improved from negative figures in 2020 to reach 5.14% by December 31, 2024. Pretax margin also saw growth, starting from negatives in 2020 to reach 4.90% by December 31, 2024. Net profit margin exhibited a similar positive progression, increasing from negative figures in 2020 to 3.15% by December 31, 2024. Overall, there is a trend of improvement in profitability ratios over the analyzed period, indicating enhanced operational efficiency and financial performance for Granite Construction Incorporated.
Return on investment
| 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 return on assets (Operating ROA) | 6.81% | 4.65% | 3.99% | 2.29% | 2.12% | 2.48% | 2.11% | 1.17% | 2.33% | 2.13% | 1.53% | 4.40% | 1.27% | 1.35% | 1.39% | -1.56% | -0.25% | -0.55% | -1.39% | -6.65% |
| Return on assets (ROA) | 4.18% | 3.54% | 3.11% | 1.37% | 1.55% | 1.54% | 2.33% | 3.34% | 3.53% | 1.72% | 0.13% | 2.65% | 0.40% | 1.22% | -3.83% | -6.33% | -6.28% | -6.32% | -1.82% | -5.98% |
| Return on total capital | 24.13% | 20.60% | 17.40% | 7.09% | 6.72% | 5.92% | 3.69% | 6.99% | 8.59% | 4.30% | 4.41% | 5.28% | -1.86% | -2.75% | -7.74% | -11.85% | -11.54% | -9.24% | -3.81% | -5.82% |
| Return on equity (ROE) | 12.45% | 11.01% | 9.61% | 3.77% | 4.46% | 4.15% | 6.15% | 7.51% | 8.04% | 4.34% | 0.33% | 6.56% | 1.04% | 3.18% | -9.93% | -16.64% | -15.32% | -16.19% | -4.28% | -13.35% |
Granite Construction Incorporated has shown a fluctuating trend in profitability ratios over the past few years.
1. Operating Return on Assets (Operating ROA) improved from negative values in March 2020 to reach a peak of 6.81% in December 2024. This indicates that the company has enhanced its operational efficiency and is generating more income from its assets.
2. Return on Assets (ROA) also experienced a positive turnaround, increasing gradually over the years from negative values in 2020 to 4.18% by December 2024. This signifies that the company is effectively utilizing its assets to generate profits.
3. Return on Total Capital witnessed a significant rise, indicating the company's ability to generate higher returns on the total capital employed in the business. The ratio escalated from negative values in 2020 to reach 24.13% by December 2024, showcasing a remarkable improvement in capital efficiency.
4. Return on Equity (ROE) displayed a similar pattern, starting from negative values in 2020 and steadily rising to 12.45% by December 2024. This highlights the company's enhanced ability to generate profits for its shareholders based on the equity invested in the firm.
Overall, the increasing trend in profitability ratios suggests that Granite Construction Incorporated has made significant strides in improving its financial performance and generating higher returns for its stakeholders.