GVA
Granite Construction Incorporated
GVA's outlook is improving, though it still trails on the overall score.
VRT
Vertiv Holdings Co
VRT has the edge over GVA overall, supported by stronger valuation and stronger modeled upside.
GVA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Healthy | |
| Healthy |
GVA's revenue, cash flow and balance sheet are currently healthy, but its profitability is under pressure.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
GVA PE Valuation
GVA has no meaningful PE right now: it lost money over the past year.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT's PE is in its cheap range at 39x. If earnings grow as analysts expect, today's price would be 23x next year's earnings.
GVA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for GVA, with profitability improving.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
GVA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.17 | — |
| Q3 2026 | -$6.02 | -266% |
| Q2 2026 | -$4.11 | -228% |
| Q1 2026 | $3.67 | +44% |
| Q4 2025 | $3.86 | +47% |
| Q3 2025 | $3.62 | +51% |
| Q2 2025 | $3.21 | +65% |
| Q1 2025 | $2.55 | +219% |
| Q4 2024 | $2.62 | +170% |
GVA has swung to a loss: it lost $6.02 per share over the past year, after a profit the year before.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over GVA on earnings quality, reporting a profit while its opponent remains loss making.
GVA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.8B | +23% |
| Q2 2026 | $1.5B | +29% |
| Q1 2026 | $912.5M | +30% |
| Q4 2025 | $1.2B | +19% |
| Q3 2025 | $1.4B | +12% |
| Q2 2025 | $1.1B | +4% |
| Q1 2025 | $699.5M | +4.1% |
| Q4 2024 | $977.3M | +4.7% |
GVA's revenue has grown year over year for 16 quarters in a row: $1.8B last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +2.7 points |
| Q2 2026 | 8.7% | -0.5 points |
| Q1 2026 | -3.4% | +2.3 points |
| Q4 2025 | 6.4% | +0.2 points |
| Q3 2025 | 10% | +1.8 points |
| Q2 2025 | 9.2% | +1.3 points |
| Q1 2025 | -5.7% | +0.8 points |
| Q4 2024 | 6.2% | +4 points |
GVA's operating margin was 13% last quarter, up 2.7 points from the same quarter a year ago, near the top of its range since 2019.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over GVA on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over GVA on profitability, with a higher operating margin.
GVA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $228.7M | -11% |
| Q2 2026 | $142.7M | +$169.7M |
| Q1 2026 | -$57M | -$28.5M |
| Q4 2025 | $128.8M | -11% |
| Q2 2025 | -$27M | +$14M |
| Q1 2025 | -$28.6M | -$24.8M |
| Q4 2024 | $144.6M | +22% |
| Q2 2024 | -$41M | +$40.5M |
GVA generated $443M in free cash flow over the past year, up 28% from the year before.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over GVA on cash flow, with more consistent year-over-year improvement.
GVA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +5.7% | +2.5M shares |
| 1 year | -14% | -7.3M shares |
| 3 years | -14% | -7.4M shares |
| 5 years | -3.2% | -1.5M shares |
| Available history | 0% | -23K shares |
GVA has the edge over VRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $37.1M |
| Q2 2026 | $228,000 |
| Q1 2026 | $18.4M |
| Q4 2025 | $26.6M |
| Q3 2025 | $6.3M |
| Q2 2025 | $108,000 |
| Q1 2025 | $15.2M |
| Q4 2024 | $29.2M |
GVA spent $82M buying back its own shares over the past year, up 62% from the year before.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
GVA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 1.4x | Healthy |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 1.8x | Healthy |
| Q3 2025 | 2.2x | Moderate |
| Q2 2024 | 1.5x | Healthy |
| Q1 2024 | 1.3x | Healthy |
| Q4 2023 | 1.4x | Healthy |
GVA's net debt is about 1.9 years of its operating earnings (EBITDA), down from 2.2 years a year ago.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over GVA on leverage, with a lower net debt burden relative to earnings.
GVA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.7 | Neutral |
| Stochastic | 66.9 | Neutral |
GVA's weekly RSI is 53 (neutral) and its Stochastic is 67 (neutral).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
GVA PE vs Industrials Sector
| Metric | GVA | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
GVA has no meaningful PE right now: it lost money over the past year.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
GVA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $116.7 | 7.7% above |
| 20 week MA | $121.4 | 3.6% above |
| 50 week MA | $125.4 | 0.3% above |
| 100 week MA | $109.1 | 15% above |
| 200 week MA | $81.6 | 54% above |
GVA has the edge over VRT on trend strength, trading above more of its moving averages.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above its 200-week average.
GVA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $26.9 | $27.1 | +0.6% |
| 2021 | $27.1 | $38.4 | +42% |
| 2022 | $38.4 | $35.4 | -7.7% |
| 2023 | $35.4 | $50.9 | +44% |
| 2024 | $50.9 | $89.1 | +75% |
| 2025 | $89.1 | $119.4 | +34% |
| 2026 YTD | $119.4 | $125.7 | +5.3% |
GVA has finished higher in five of the last six years. It's up 5.3% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over GVA on returns for 2026, with the stronger performance.