Granite Construction Incorporated (GVA)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 126,346 | 110,861 | 89,534 | 35,639 | 43,599 | 39,653 | 55,422 | 69,469 | 76,575 | 41,310 | 2,960 | 60,374 | 10,096 | 31,319 | -94,886 | -150,320 | -149,495 | -157,339 | -45,689 | -142,552 |
| Total stockholders’ equity | US$ in thousands | 1,015,230 | 1,007,090 | 931,657 | 946,458 | 977,298 | 955,348 | 901,542 | 925,457 | 953,016 | 951,123 | 883,919 | 919,839 | 967,682 | 985,185 | 955,384 | 903,540 | 975,664 | 971,606 | 1,067,720 | 1,067,750 |
| 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $126,346K ÷ $1,015,230K
= 12.45%
Granite Construction Incorporated's return on equity (ROE) has exhibited fluctuations over the past few years. The company experienced negative ROE figures in the range of -16.64% to -4.28% in the fiscal year 2021, suggesting that its profitability in relation to shareholders' equity was relatively weak during this period.
However, there was a notable turnaround in the company's ROE performance starting in the first quarter of 2022, with positive ROE figures ranging from 0.33% to 12.45% in subsequent quarters. This indicates an improvement in Granite Construction's efficiency in generating profits from its shareholders' equity.
Overall, the trend in ROE for Granite Construction shows a shift from negative to positive values, indicating that the company has been able to enhance its profitability and efficiency in the later quarters of the analyzed period. This improvement may be attributed to various factors such as cost management, revenue growth, or strategic initiatives implemented by the company. It is essential for investors and stakeholders to monitor these trends in ROE to assess the company's financial health and performance over time.
Peer comparison
Dec 31, 2024