Company Overview - Granite Construction is a leading U.S. infrastructure contractor with a diversified portfolio that includes transportation, water, and complex site development projects [5] - The company has nearly a century of operational experience and executes projects for both public and private sector clients, supported by integrated materials production capabilities [5] - As of the latest report, Granite Construction's market capitalization is $5.3 billion, with a revenue of $4.42 billion and a net income of $193 million for the trailing twelve months (TTM) [4] Recent Developments - On February 17, 2026, Candelo Capital Management established a new position in Granite Construction by purchasing 49,088 shares valued at approximately $5.66 million [2][6] - This new position represents 5.05% of Candelo's 13F reportable assets under management [7] - Granite Construction's stock price was $120.73, reflecting a 67% increase over the past year, significantly outperforming the S&P 500's 20% gain during the same period [7][9] Financial Performance - Granite Construction reported a record operational year in 2025, with revenue climbing to approximately $4.4 billion, a 10% year-over-year increase [6] - Net income attributable to shareholders surged over 60% to about $193 million [6] - Adjusted EBITDA increased by 30% to roughly $527 million, indicating improved margins and stronger project execution [6] Future Growth Prospects - The company ended the year with nearly $7 billion in committed and awarded projects, marking a record pipeline that supports future growth [7] - Continued revenue expansion is expected as public infrastructure spending remains strong, contributing to the stock's positive performance [9]