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Granite Construction vs Southland: revenue, profit, margins and growth compared

Granite Construction brought in $4.4B of revenue in fiscal 2025, Southland $772.2M in fiscal 2025. Revenue changed by +10.4% at Granite Construction and -21.2% at Southland on the year before, so Granite Construction grew faster. Granite Construction kept 4.4% of its revenue as net profit, Southland -39.7%. Free cash flow was $330.6M at Granite Construction and $12.7M at Southland.

Side by side, latest fiscal year

GVASLND
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.4B$772.2M
Revenue growth+10.4%-21.2%
Net income$193M-$306.5M
Net margin4.4%-39.7%
Free cash flow$330.6M$12.7M
Free cash flow margin7.5%1.6%
Earnings per share (diluted)$3.86-$5.67
Cash$529.2M$52.7M
Debt$1.3B$257.7M
Price to earnings29.8n/a
Market value$5B$35.9M
Dividend yield0.45%n/a
Rank by revenue in sector#132 of 451 · Industrials#288 of 451 · Industrials

Over the years

Revenue
GVA FY2018: $3.3BGVA FY2019: $2.9BGVA FY2020: $3.6BGVA FY2021: $3.5BGVA FY2022: $3.3BGVA FY2023: $3.5BGVA FY2024: $4BGVA FY2025: $4.4BSLND FY2021: $1.3BSLND FY2022: $1.2BSLND FY2023: $1.2BSLND FY2024: $980.2MSLND FY2025: $772.2MFY18FY19FY20FY21FY22FY23FY24FY25
GVA $4.4BSLND $772.2M
Net income
GVA FY2018: $582KGVA FY2019: -$60.2MGVA FY2020: -$145.1MGVA FY2021: $10.1MGVA FY2022: $83.3MGVA FY2023: $43.6MGVA FY2024: $126.3MGVA FY2025: $193MSLND FY2021: $38.7MSLND FY2022: $60.5MSLND FY2023: -$19.3MSLND FY2024: -$105.4MSLND FY2025: -$306.5MFY18FY19FY20FY21FY22FY23FY24FY25
GVA $193MSLND -$306.5M
Net margin
GVA FY2018: 0.0%GVA FY2019: -2.1%GVA FY2020: -4.1%GVA FY2021: 0.3%GVA FY2022: 2.5%GVA FY2023: 1.2%GVA FY2024: 3.2%GVA FY2025: 4.4%SLND FY2021: 3.0%SLND FY2022: 5.2%SLND FY2023: -1.7%SLND FY2024: -10.7%SLND FY2025: -39.7%FY18FY19FY20FY21FY22FY23FY24FY25
GVA 4.4%SLND -39.7%
Revenue growth
GVA FY2019: -11.3%GVA FY2020: +22.2%GVA FY2021: -1.7%GVA FY2022: -5.7%GVA FY2023: +6.3%GVA FY2024: +14.2%GVA FY2025: +10.4%SLND FY2022: -9.2%SLND FY2023: -0.1%SLND FY2024: -15.5%SLND FY2025: -21.2%FY19FY20FY21FY22FY23FY24FY25
GVA +10.4%SLND -21.2%
Free cash flow
GVA FY2018: -$24.7MGVA FY2019: $4.6MGVA FY2020: $175.2MGVA FY2021: -$72.9MGVA FY2022: -$66MGVA FY2023: $43.3MGVA FY2024: $319.9MGVA FY2025: $330.6MSLND FY2021: -$109.4MSLND FY2022: -$71MSLND FY2023: -$21.1MSLND FY2024: -$5.5MSLND FY2025: $12.7MFY18FY19FY20FY21FY22FY23FY24FY25
GVA $330.6MSLND $12.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Granite Construction and Southland

Which is bigger by revenue, Granite Construction or Southland?

Granite Construction is bigger by revenue: $4.4B in fiscal 2025, against $772.2M for Southland in fiscal 2025.

Which keeps more of its revenue as profit, Granite Construction or Southland?

Granite Construction had a net margin of 4.4% in fiscal 2025; Southland had -39.7% in fiscal 2025.

Which grew revenue faster, Granite Construction or Southland?

In their latest fiscal years revenue changed by +10.4% at Granite Construction and -21.2% at Southland.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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