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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue:      
Revenue $ 4,007,574 $ 3,509,138 $ 3,301,256
Cost of revenue:      
Cost of revenue 3,434,877 3,112,739 2,931,762
Gross profit 572,697 396,399 369,494
Selling, general and administrative expenses 334,162 294,466 272,610
Other costs, net 39,936 50,217 24,120
Gain on sales of property and equipment, net (8,764) (28,346) (12,617)
Operating income 207,363 80,062 85,381
Other (income) expense:      
Loss on debt extinguishment 27,552 51,052 0
Interest income (24,349) (17,538) (6,528)
Interest expense 29,188 18,462 12,624
Equity in income of affiliates, net (16,982) (25,748) (13,571)
Other (income) expense, net (4,238) (6,020) 1,039
Total other (income) expense, net 11,171 20,208 (6,436)
Income before income taxes 196,192 59,854 91,817
Provision for income taxes 55,749 30,267 12,960
Net income 140,443 29,587 78,857
Amount attributable to non-controlling interests (14,097) 14,012 4,445
Net income attributable to Granite Construction Incorporated $ 126,346 $ 43,599 $ 83,302
Net income per share attributable to common shareholders      
Basic earnings per share (USD per share) $ 2.88 $ 0.99 $ 1.87
Diluted earnings per share (USD per share) $ 2.62 $ 0.97 $ 1.70
Weighted average shares outstanding:      
Basic (shares) 43,846 43,879 44,485
Diluted (shares) 52,514 52,565 52,326