Granite Construction Incorporat — Earnings Quality Grade F
GVA · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 38 days, change +3 days YoY
AR growth 18.9% exceeds revenue growth 10.4%
Revenue grew 10.4% but CFFO only 2.8%
Expense Quality
Inventory growth 32.3% exceeds COGS 8.1%
CapEx growth 1.4% vs revenue 10.4%. Normal
SG&A/Gross Profit = 57.3%. Normal
Gross margin 16.1%, change +1.8pp. Stable
Cash Flow Quality
CFFO/NI = 2.43. Profits backed by cash
FCF $0.3B, FCF/NI = 1.71
Accruals ratio = -6.8%. Low accruals
Cash $0.7B covers only 49% of debt $1.5B
Balance Sheet Health
Goodwill+Intangibles $0.6B = 49% of equity
Debt/EBITDA = 3.0x. Healthy
Other assets 17.1% vs revenue 10.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles surged 70% YoY
Manipulation Score
M-Score = -2.64 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25