- Griffith Company (GMB)
- 2026
- 70
- 21
- 30.00%
- $208,995,205
- 7.23%
- 16.11%
- 9.66%
- $597,040,673

Griffith Company enters the near term with a robust **$310M** remaining backlog, including multiple 2026-awarded projects such as the **$60M** San Pedro Waterfront and **$14M** H Street Corridor that are already mobilizing. Improved 2026 win rate of **29.7%** and recent low bids totaling **$207M** support steady cash inflows from progress billings on active road and street work. Duration-heavy contracts averaging over 100 months will generate predictable monthly draws without immediate liquidity pressure.
Medium-term Outlook (6-12 months)
The **$310M** backlog extends visibility through mid-2027, anchored by large 2025 carryovers such as the **$138M** San Diego project (**$102M** remaining) and **$70M** Kern County job. Sustained bidding volume near 64 jobs per year at 19-25% success rates should replenish the pipeline as shorter-duration projects complete. Revenue recognition will remain front-loaded on high-remaining-value contracts bid in 2026.
Key Risk Period
Extended contract durations exceeding 300 months on several **$30M+** projects create a key risk window in 12-24 months if change orders or retention releases lag. Concentration in California public works exposes the firm to state budget or permitting delays that could stretch cash conversion cycles beyond 120 days. Declining average left on low from 8.08% to 6.30% signals margin compression that may intensify during slower periods.
Recommendations
Prioritize acceleration of smaller 2026 projects under **$10M** to improve near-term cash velocity while maintaining bonding capacity for larger pursuits. Implement monthly backlog burn tracking tied to actual progress payments to flag duration-related shortfalls early.
- Road Rehabilitation on South Dr Martin Luther King Jr Boulevard Casa Loma State Route 58
- Kern County
- 8/12/26
- Roadway Paving San Jose Avenue From West Cecil Avenue County Line Road
- Kern County
- 8/12/26
- Street Improvements 2024 2025 Gosford Road Panama Lane Berkshire Road
- Bakersfield
- 8/6/26
- San Pedro Waterfront Harbor Blvd Roadway 22nd St Parking Lot Improvements
- Los Angeles
- 7/16/26
- Road Rehabilitation Palm Avenue Jenkins Road
- Kern County
- 7/15/26
- 06-1H9801 Kern County Bakersfield From Mohawk Street Route 58/99/178 Separation
- Caltrans
- 6/16/26
- 06-1H9804 Kern County Bakersfield From Mohawk Street Route 58/99/178 Separation
- Caltrans
- 6/16/26
- Higuera Corridor Complete Streets
- San Luis Obispo
- 6/11/26
- Road Rehabilitation Columbus Street Loma Linda Drive Berkeley Street
- Kern County
- 6/10/26
- Road Rehabilitation College Avenue Mount Vernon Avenue Montello Street
- Kern County
- 6/10/26
- Pavement Rehabilitation 2025 2026 SB1 Hageman Road Old Farm Rd Calloway Dr Coffee Rd Knudsen Dr
- Bakersfield
- 6/4/26
- East Tulare Ave Pedestrian Improvements
- Shafter
- 5/29/26
- H Street Corridor Improvements
- Bakersfield
- 5/12/26
- 09-428604 Kern County Tehachapi From Summit Overhead 0.3 Mile East Summit Overhead
- Caltrans
- 5/7/26
- 06-1A4704 Kern County Shafter From 0.2 Mile South Los Angeles Avenue 0.2 Mile North Los Angeles Ave
- Caltrans
- 4/15/26
- Terminal Loop Road Rehabilitation BFL
- Kern County
- 3/25/26
- 06-1H9504 Kern County Near Wheeler Ridge From 0.1 Mile North Route 5/99 Separation 0.2 Mile South O
- Caltrans
- 3/17/26
- 2025 Albany St High St Princeton St Pavement Resurfacing Rehabilitation
- Delano
- 3/12/26
- Los Angeles Riverway West San Fernando Valley Completion Vanalden Avenue Balboa Blvd Rebid
- Los Angeles
- 2/12/26
- Road Resurfacing Wheeler Ridge Road Laval Road Santa Elena Drive
- Kern County
- 2/11/26
- The Old Rd Santa Clara River SPT CO Bridge Phase I
- Los Angeles County
- 2/3/26
- Road Reconstruction Zerker Road Bridge Abutment
- Kern County
- $477,774
- 8/26/26
- 2026 Measure F 14 Pavement Rehabilitation
- Atascadero
- $990,389
- 8/21/26
- 2026 Measure F 14 Pavement Rehabilitation
- Atascadero
- $975,096
- 8/21/26
- Road Rehabilitation on South Dr Martin Luther King Jr Boulevard Casa Loma State Route 58
- Kern County
- $820,734
- 8/12/26
- Roadway Paving San Jose Avenue From West Cecil Avenue County Line Road
- Kern County
- $1,194,142
- 8/12/26
- 10 10 1932 SHR Avialtion Flight Line Pavement Repl
- San Bernardino County
- $6,136,316
- 8/12/26
- Zerker Road Rehabilitation STA 42 39 66 00
- Shafter
- $810,043
- 8/7/26
- Street Improvements 2024 2025 Gosford Road Panama Lane Berkshire Road
- Bakersfield
- $391,735
- 8/6/26
- Turnout 5
- Victorville
- $4,321,284
- 8/5/26
- Magic Johnson Park Make Ready Parking
- Los Angeles County
- $6,226,600
- 8/3/26
- El Camino Real Half Mile Via De La Valle
- San Diego
- $77,977,977
- 7/23/26
- 08-1N6104 Riverside County Corona From 0.2 Mile North Ontario Avenue Undercrossing Old Temescal Ro
- Caltrans
- $6,344,850
- 7/22/26
- San Pedro Waterfront Harbor Blvd Roadway 22nd St Parking Lot Improvements
- Los Angeles
- $60,478,700
- 7/16/26
- Road Rehabilitation Palm Avenue Jenkins Road
- Kern County
- $2,645,142
- 7/15/26
- West Side Road Repairs
- Paso Robles
- $2,292,735
- 7/9/26
- Rehabilitation Taxiway Alpha
- Paso Robles
- $3,304,142
- 7/9/26
- Randolph Street County Line Road Traffic Signal Intersection Improvements
- Delano
- $1,132,735
- 7/9/26
- Water Main Replacements Phase 2 Various Locations
- Beverly Hills
- $9,559,950
- 6/30/26
- E1908427 Avalon Boulevard Improvements 56th Street Manchester Avenue
- Los Angeles
- $25,061,039
- 6/26/26
- 06-1H9801 Kern County Bakersfield From Mohawk Street Route 58/99/178 Separation
- Caltrans
- $774,743
- 6/16/26
- 06-1H9804 Kern County Bakersfield From Mohawk Street Route 58/99/178 Separation
- Caltrans
- $774,743
- 6/16/26
- 4th St Rehabilitation Kern St Ash St
- Taft
- $612,735
- 6/11/26
- Higuera Corridor Complete Streets
- San Luis Obispo
- $9,105,142
- 6/11/26
- Road Rehabilitation College Avenue Mount Vernon Avenue Montello Street
- Kern County
- $2,582,142
- 6/10/26
- Road Rehabilitation Columbus Street Loma Linda Drive Berkeley Street
- Kern County
- $782,735
- 6/10/26
- Lerdo Highway Reconstruction Schnaidt St Valley St
- Shafter
- $950,706
- 6/5/26
- Valley View Water Consolidation
- Coachella Valley Water District
- $22,287,007
- 6/4/26
- Pavement Rehabilitation 2025 2026 SB1 Hageman Road Old Farm Rd Calloway Dr Coffee Rd Knudsen Dr
- Bakersfield
- $7,532,735
- 6/4/26
- 07-0Y5304 Los Angeles County Santa Clarita From 0.2 Mile South Soledad Canyon Road Undercrossing 0.
- Caltrans
- $2,458,458
- 6/3/26
- 07-0Y5504 Los Angeles County Santa Clarita Castaic From 0.1 Mile South Valencia Boulevard Overcross
- Caltrans
- $3,595,953
- 6/2/26
- 8th Roosevelt Active Transportation Corridor PLA
- National City
- $7,816,816
- 5/29/26
- East Tulare Ave Pedestrian Improvements
- Shafter
- $517,735
- 5/29/26
- Pavement Rehabilitation 2025 2026 SB1
- Bakersfield
- $5,319,155
- 5/28/26
- E1908771 Asphalt Plant No 1 Phase 2
- Los Angeles
- $22,598,175
- 5/27/26
- Road Improvements Winter Lane Habecker Road East Side Canal
- Kern County
- $307,333
- 5/27/26
- Commerce Way Rehabilitation
- Paso Robles
- $1,133,155
- 5/14/26
- 24th Street Sewer Improvements
- National City
- $5,737,439
- 5/14/26
- Drainage Repairs Edison Road Panama Road
- Kern County
- $437,243
- 5/13/26
- H Street Corridor Improvements
- Bakersfield
- $14,372,735
- 5/12/26
- 09-428604 Kern County Tehachapi From Summit Overhead 0.3 Mile East Summit Overhead
- Caltrans
- $565,155
- 5/7/26
- FY25 26 Pavement Rehabilitation
- Oceanside
- $13,013,865
- 5/6/26
- 11-2N2354 San Diego County Oceanside From 0.4 Mile East Melrose Drive Olive Hill Road Camino Del Re
- Caltrans
- $4,355,553
- 5/6/26
- 07-286304 Los Angeles County Llano Route 138 From 0.4 Mile West 190th Street East 0.7 Mile South 13
- Caltrans
- $32,688,700
- 4/28/26
- 09-428804 Inyo County At Little Lake From 1.2 Miles South Little Lake Road 1.2 Miles South Cinder
- Caltrans
- $2,879,155
- 4/28/26
- Apple Valley Runway 18 36 Taxiway Rehabilitation
- San Bernardino County
- $7,662,113
- 4/28/26
- Taxilane G Repairs
- Ontario International Airport
- $3,395,000
- 4/27/26
- Creston Road Corridor Improvements Phase 2
- Paso Robles
- $14,085,155
- 4/23/26
- 11-2N2514 San Diego County San Diego Route 15 From 0.6 Mile South 0.2 Mile North Route 56/15 Separa
- Caltrans
- $3,434,343
- 4/22/26
- SB1 No 8 Local Streets Roads Alley Pavement Rehabilitation Reconstruction
- Delano
- $1,943,343
- 4/16/26
- Taxiway F Realignment Reconstruction Long Beach Airport
- Long Beach
- $24,523,600
- 4/16/26
- 06-1A4704 Kern County Shafter From 0.2 Mile South Los Angeles Avenue 0.2 Mile North Los Angeles Ave
- Caltrans
- $6,442,735
- 4/15/26
- 05-1R7604 San Luis Obispo County Creston From 0.1 Mile South Rocky Canyon Road Route 229/41 Separat
- Caltrans
- $1,642,735
- 4/9/26
- 07-364904 Los Angeles County Near Lancaster Route 138 From 0.1 Mile West 0.2 Mile East 60th Street
- Caltrans
- $11,581,700
- 4/7/26
- 24th 25th 26th Streets Davidson Avenue Pipeline Replacement
- San Bernardino WD
- $2,914,816
- 4/7/26
- ATP 6 SRTS Sidewalk Gap Crosswalk Improvement
- Delano
- $767,735
- 4/2/26
- Storm Drain Improvements W Hill Drive
- San Bernardino
- $980,190
- 3/25/26
- Terminal Loop Road Rehabilitation BFL
- Kern County
- $802,443
- 3/25/26
- RFB 26 019 Veolia Sycamore Ave Sewer Trunk Line
- Rialto
- $3,885,920
- 3/20/26
- 06-1H9504 Kern County Near Wheeler Ridge From 0.1 Mile North Route 5/99 Separation 0.2 Mile South O
- Caltrans
- $4,042,155
- 3/17/26
- 2025 Albany St High St Princeton St Pavement Resurfacing Rehabilitation
- Delano
- $660,943
- 3/12/26
- 06-1H9304 Kern County Buttonwillow From 1.2 Miles South Route 5/43 Separation 0.1 Mile South Kern R
- Caltrans
- $5,222,735
- 2/25/26
- 05-1S6104 San Luis Obispo County About 26 Miles East Santa Maria From Cuyama River Bridge 0.3 Mile
- Caltrans
- $2,911,781
- 2/19/26
- 06-0W81U4 Kern County Delano From Fremont Street 0.1 Mile West Browning Road
- Caltrans
- $13,272,735
- 2/18/26
- Los Angeles Riverway West San Fernando Valley Completion Vanalden Avenue Balboa Blvd Rebid
- Los Angeles
- $92,497,500
- 2/12/26
- Road Resurfacing Wheeler Ridge Road Laval Road Santa Elena Drive
- Kern County
- $1,511,111
- 2/11/26
- 16 Inch Water Transmission Main
- Ramona Municipal WD
- $8,737,984
- 2/10/26
- 06-1H9404 Kern County Maricopa From The San Luis Obispo County Line 0.1 Mile North Cadet Road
- Caltrans
- $4,422,735
- 2/4/26
- Emergency Repairs Jack Ranch Road
- Kern County
- $1,482,735
- 2/4/26
- The Old Rd Santa Clara River SPT CO Bridge Phase I
- Los Angeles County
- $500,000
- 2/3/26
- AB617 Roadway Improvements Derby St Comanche Dr
- Arvin
- $3,375,735
- 1/28/26
- Roadway Paving San Jose Avenue From West Cecil Avenue County Line Road
- Kern County
- $1,194,142
- 10/11/26
- 60
- 0%
- -
- $1,194,142
- Road Rehabilitation on South Dr Martin Luther King Jr Boulevard Casa Loma State Route 58
- Kern County
- $820,734
- 10/11/26
- 50
- 0%
- -
- $820,734
- Street Improvements 2024 2025 Gosford Road Panama Lane Berkshire Road
- Bakersfield
- $391,735
- 10/05/26
- 120
- 0%
- -
- $391,735
- AB617 Roadway Improvements Derby St Comanche Dr
- Los Angeles
- $60,478,700
- 09/14/26
- 120
- 5.0%
- $15,119,675
- $57,454,765
- AB617 Roadway Improvements Derby St Comanche Dr
- Kern County
- $2,645,142
- 09/13/26
- 65
- 10.8%
- $1,220,835
- $2,360,281
- AB617 Roadway Improvements Derby St Comanche Dr
- San Luis Obispo
- $9,105,142
- 08/10/26
- 180
- 22.8%
- $1,517,524
- $7,031,193
- AB617 Roadway Improvements Derby St Comanche Dr
- Kern County
- $2,582,142
- 08/09/26
- 140
- 30.0%
- $553,316
- $1,807,499
- AB617 Roadway Improvements Derby St Comanche Dr
- Kern County
- $782,735
- 08/09/26
- 50
- 84.0%
- $469,641
- $125,238
- AB617 Roadway Improvements Derby St Comanche Dr
- Bakersfield
- $7,532,735
- 08/03/26
- 110
- 43.6%
- $2,054,382
- $4,245,723
- AB617 Roadway Improvements Derby St Comanche Dr
- Shafter
- $517,735
- 07/28/26
- 120
- 45.0%
- $129,434
- $284,754
- AB617 Roadway Improvements Derby St Comanche Dr
- Bakersfield
- $14,372,735
- 07/11/26
- 120
- 59.2%
- $3,593,184
- $5,868,867
- AB617 Roadway Improvements Derby St Comanche Dr
- Caltrans
- $6,442,735
- 06/14/26
- 160
- 61.3%
- $1,208,013
- $2,496,560
- AB617 Roadway Improvements Derby St Comanche Dr
- Caltrans
- $70,155,735
- 02/16/26
- 500
- 43.2%
- $4,209,344
- $39,848,457
- AB617 Roadway Improvements Derby St Comanche Dr
- Caltrans
- $64,818,818
- 02/09/26
- 705
- 31.6%
- $2,758,248
- $44,315,844
- AB617 Roadway Improvements Derby St Comanche Dr
- Caltrans
- $30,202,735
- 01/19/26
- 350
- 69.7%
- $2,588,806
- $9,147,114
- AB617 Roadway Improvements Derby St Comanche Dr
- Caltrans
- $138,758,858
- 10/13/25
- 1150
- 29.7%
- $3,619,796
- $97,493,180
- AB617 Roadway Improvements Derby St Comanche Dr
- National City
- $13,076,599
- 09/20/25
- 420
- 86.9%
- $934,043
- $1,712,412
- AB617 Roadway Improvements Derby St Comanche Dr
- Caltrans
- $2,390,787
- 01/13/24
- 1000
- 98.1%
- $71,724
- $45,425
- $40,047,965
- $276,643,923

