Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.51B | $2.96B | $3.29B | $2.91B | $3.56B | $3.50B | $3.30B | $3.51B | $4.01B | $4.42B |
| Revenue growth | — | 17.6% | 11.1% | -11.3% | 22.2% | -1.7% | -5.7% | 6.3% | 14.2% | 10.4% |
| Gross profit | $301M | $279M | $335M | $190M | $345M | $363M | $369M | $396M | $573M | $711M |
| Gross margin | 12.0% | 9.4% | 10.2% | 6.5% | 9.7% | 10.4% | 11.2% | 11.3% | 14.3% | 16.1% |
| Operating income | $92.4M | $62.5M | $8.22M | -$41.7M | -$158M | $24.7M | $85.4M | $80.1M | $207M | $282M |
| Operating margin | 3.7% | 2.1% | 0.2% | -1.4% | -4.4% | 0.7% | 2.6% | 2.3% | 5.2% | 6.4% |
| Net income | $57.1M | $34.1M | $582K | -$60.2M | -$145M | $10.1M | $83.3M | $43.6M | $126M | $193M |
| Net margin | 2.3% | 1.2% | 0.0% | -2.1% | -4.1% | 0.3% | 2.5% | 1.2% | 3.2% | 4.4% |
| EPS (diluted) | $1.42 | $0.84 | $0.01 | -$1.29 | -$3.18 | $0.21 | $1.70 | $0.97 | $2.62 | $3.86 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $73.1M | $146M | $86.4M | $111M | $268M | $21.9M | $55.6M | $184M | $456M | $469M |
| Capital expenditures | $91.0M | $67.7M | $111M | $107M | $93.3M | $94.8M | $122M | $140M | $136M | $138M |
| Free cash flow | -$17.8M | $78.5M | -$24.7M | $4.61M | $175M | -$72.9M | -$66.0M | $43.3M | $320M | $331M |
| Share buybacks | $5.23M | $6.98M | $16.6M | $36.9M | $885K | $2.73M | $70.9M | $4.12M | $50.6M | $48.2M |
| Dividends paid | $20.6M | $20.7M | $22.4M | $24.3M | $23.7M | $23.8M | $23.3M | $22.8M | $22.8M | $22.7M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $189M | $234M | $273M | $252M | $425M | $396M | $294M | $418M | $578M | $529M |
| Total assets | $1.73B | $1.87B | $1.72B | $2.50B | $2.38B | $2.49B | $2.17B | $2.81B | $3.03B | $4.03B |
| Long-term debt | $229M | $178M | $176M | $356M | $331M | $331M | $287M | $615M | $738M | $963M |
| Shareholders' equity | $886M | $945M | $840M | $1.14B | $976M | $968M | $953M | $977M | $1.02B | $1.18B |
| Retained earnings | $736M | $784M | $677M | $594M | $425M | $411M | $481M | $502M | $605M | $775M |
| Shares (wtd avg diluted) | 40.2M | 40.4B | 44.0M | 46.6M | 45.6M | 47.6M | 52.3M | 52.6M | 52.5M | 53.1M |
Every figure is extracted from GRANITE CONSTRUCTION INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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