Filing Flows › Granite Construction (GVA) › Q2 2026 › vs Q2 2025
Granite Construction (GVA) Q2 2026 vs Q2 2025 (year over year)
Granite Construction's revenue rose $330M (+29%) from $1.1B in Q2 2025 to $1.5B in Q2 2026. The biggest changes: Construction +$270M (+29%); Materials +$59.9M (+32%).
Granite Construction, Q2 2026: revenue $1.5B (+29% year over year), operating margin 8.7%, net loss $272M, operating cash flow $172M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 9.8% | -2.4% | +12.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Construction | $1.2B | $937M | $270M | +29% |
| Materials | $248M | $189M | $59.9M | +32% |
| Revenue | $1.5B | $1.1B | $330M | +29% |
| Net loss | $272M | −$80.3M | $352M | — |
| Costs & expenses | $1.7B | $1.1B | $597M | +53% |
| Operating costs | $1.3B | $1.0B | $307M | +30% |
| Interest & other, net | $366M | −$4.0M | $370M | — |
| Income tax | $32.2M | $27.2M | $5.0M | +18% |
| Cost of revenue | $1.2B | $927M | $290M | +31% |
| SG&A | $108M | $85.9M | $21.9M | +26% |
| Other operating costs | $4.2M | $9.6M | −$5.5M | -57% |
| Operating cash sources | $444M | −$78.6M | $523M | — |
| Depreciation & amortization | $47.0M | $35.2M | $11.8M | +34% |
| Share-based compensation | $2.7M | $2.4M | $259K | +11% |
| Working capital & other | $394M | −$116M | $510M | — |
| Net loss absorbed | $272M | −$80.3M | $352M | — |
| Operating cash flow | $172M | $1.8M | $171M | 96× |
| Free cash flow (OCF − capex) | $143M | −$27.0M | $170M | — |
| Capital expenditures | $29.7M | $28.8M | $911K | +3% |
Questions
How much did Granite Construction's revenue grow year over year in Q2 2026?
Granite Construction's revenue rose $330M (+29%) from $1.1B in Q2 2025 to $1.5B in Q2 2026.
What drove Granite Construction's revenue change in Q2 2026?
Construction +$270M (+29%); Materials +$59.9M (+32%).