Granite Construction (GVA) Financials

The income statement of Granite Construction Inc (GVA) provides a snapshot of the company's financial performance. It shows the revenue generated by the company during a specific period and deducts the cost of goods sold to calculate the gross profit. The gross profit represents the amount left after subtracting the cost of production from the revenue. From the gross profit, the operating expenses are subtracted to calculate the earnings before interest and taxes (EBIT). The EBIT is a measure of the company's profitability before taking into account interest payments and taxes.

EBITDA, or Earnings Before Interest, Taxes, Depreciation, and Amortization, is another important financial metric for Granite Construction Inc. It provides a more comprehensive view of the company's profitability by adding back non-cash expenses such as depreciation and amortization to the EBIT. This measure allows investors to assess the company's operating performance without the impact of non-cash items. It is often used to compare the profitability of companies in different industries or with varying levels of debt.