Granite Construction Incorporated (GVA)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 126,346 | 43,599 | 83,302 | -8,259 | -166,181 |
| Total stockholders’ equity | US$ in thousands | 1,015,230 | 977,298 | 953,016 | 967,682 | 975,664 |
| ROE | 12.45% | 4.46% | 8.74% | -0.85% | -17.03% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $126,346K ÷ $1,015,230K
= 12.45%
Granite Construction Incorporated's return on equity (ROE) has shown a fluctuating trend over the past five years. Starting at a negative 17.03% in December 2020, the company's ROE improved significantly to -0.85% by December 2021. Subsequently, there was a notable positive shift in ROE to 8.74% by December 2022, indicating an enhancement in the company's ability to generate profit from shareholders' equity. However, the ROE slightly decreased to 4.46% by December 2023. The most recent data point reflects a substantial increase, with an ROE of 12.45% recorded by December 2024. Overall, while the company experienced significant ups and downs in ROE over the years, the latest figure suggests an improvement in Granite Construction Incorporated's efficiency in utilizing shareholders' equity to generate profits.
Peer comparison
Dec 31, 2024