- Granite Construction - AZ
- 2026
- 65
- 11
- 16.92%
- $59,134,600
- 5.65%
- 25.79%
- 9.65%
- $417,043,442
- Granite Construction - CA
- 2026
- 229
- 27
- 11.79%
- $188,998,796
- 5.17%
- 21.37%
- 9.98%
- $2,025,378,994
- Granite Construction - NV
- 2026
- 8
- 0
- 0.00%
- $0
- 0.00%
- 31.71%
- 11.46%
- $248,358,873
- Granite Construction - UT
- 2026
- 44
- 3
- 6.82%
- $5,763,482
- 2.40%
- 23.21%
- 9.27%
- $225,390,564
- Granite Construction - TX
- 2026
- 20
- 1
- 5.00%
- $10,965,650
- 4.77%
- 43.78%
- 20.17%
- $874,108,464
- Granite Construction - WA
- 2026
- 103
- 10
- 9.71%
- $23,615,651
- 9.14%
- 23.64%
- 8.76%
- $401,586,617
- Granite Construction - OR
- 2026
- 38
- 5
- 13.16%
- $8,107,084
- 6.28%
- 34.06%
- 14.75%
- $70,092,064
- Granite Construction - FL
- 2026
- 12
- 1
- 8.33%
- $6,294,664
- 6.29%
- 29.14%
- 8.46%
- $181,962,300

Granite Construction's **$15.4M** remaining backlog from eight active projects provides limited near-term revenue, with most work concentrated in paving and rehabilitation contracts bid between March and June 2026. The sharp drop in success rate to **9.7%** in 2026 versus **18.2%** in 2025 signals reduced new award velocity, constraining cash inflows over the next two quarters.
Medium-term Outlook (6-12 months)
Only **$22.9M** in new work was secured year-to-date in 2026 against **$347M** bid volume, leaving the firm with thin backlog coverage beyond current projects. Sustained low win rates and long-duration contracts averaging 120 months will pressure utilization unless bidding activity rebounds significantly.
Key Risk Period
The period 9-15 months out represents the primary risk window, as current backlog projects begin to wind down without a corresponding pipeline of new awards at historical **$60.7M** levels. Prolonged low success rates could create cash flow gaps if no additional low-bid wins materialize.
Recommendations
Prioritize targeted bid reviews to lift the win rate above **9.7%** while maintaining the **9.5-9.7%** margin profile on low bids. Accelerate pursuit of shorter-duration overlay and preservation packages to rebuild backlog and stabilize cash flow within the next two quarters.
- Tucker Rd Paving
- Lewis County
- 8/27/26
- I 5 I 205 Concrete Panel Rehabilitation
- WSDOT
- 6/17/26
- SR 203 NE 124th St Skykomish River Paving Exceptions
- WSDOT
- 5/20/26
- SR 9 Park Rd 547 SAAR Sumas Paving
- WSDOT
- 5/6/26
- Harbor Pointe Boulevard Pavement Preservation
- Mukilteo
- 5/5/26
- 2026 County Overlay ADA Program
- Snohomish County
- 4/30/26
- 2026 Resurfacing
- Vancouver
- 4/28/26
- Elfendahl Pass Road Improvement
- Mason County
- 4/17/26
- Salmon Creek Sports Complex Paving Restoration
- Clark County - WA
- 3/17/26
- SR 124 US 12 Interchange EB Bridge Repair
- WSDOT
- 1/22/26
- Eastrail NE Spring Boulevard Trail Link
- Bellevue
- $5,463,645
- 10/1/26
- Nisqually Rd SW Nisqually River I 5 Northbound Ramp CRP 5962
- Pierce County
- $1,636,280
- 9/30/26
- Lift Station 24 Conveyance Improvements
- Everett
- $2,183,853
- 9/29/26
- SR 906 Hyak Vicinity Emergency Washout Restoration
- WSDOT
- $2,613,566
- 9/23/26
- SS4A Package 1 STM Scope
- Seattle
- $2,456,635
- 9/16/26
- 88th Street NE Corridor Improvement
- Marysville
- $18,287,499
- 9/2/26
- 67th Avenue West Phase 1 40th Street West Regence Boulevard West
- University Place
- $4,285,101
- 8/27/26
- BID DOC WCCW Perimeter Road Paving
- Washington State Department of Enterprise Services
- $671,931
- 8/27/26
- Tucker Rd Paving
- Lewis County
- $699,349
- 8/27/26
- SR 202 Widening Trestle Replacement Phase B
- Woodinville
- $16,094,810
- 8/19/26
- 2026 Resurfacing Phase 2
- Vancouver
- $726,494
- 8/4/26
- CRP 2050 Bear Creek DeWatto Tiger Improvement
- Mason County
- $357,746
- 8/3/26
- US 395 Kartchner St I C NB Ramp Terminal Improvements
- WSDOT
- $1,161,539
- 7/22/26
- US 2 Corridor Safety Improvements
- WSDOT
- $8,459,688
- 7/22/26
- 44th Avenue West Underpass Pedestrian Bicycle Improvement
- Lynnwood
- $7,906,193
- 7/21/26
- SE McGillivray Blvd Safety Mobility
- Vancouver
- $6,738,841
- 7/21/26
- Fish Lake Trail Construction Phase 1
- Spokane
- $3,322,982
- 7/21/26
- US 12 Eschbach Rd Ackley Rd Clover Ln I S Safety Improvements
- WSDOT
- $2,181,978
- 7/15/26
- 2026 North Bickford Overlay
- Snohomish
- $798,708
- 7/7/26
- SR 240 Beloit Road Hagen Rd Pavement Repairs
- WSDOT
- $581,784
- 7/1/26
- I 90 Hansen Rd Overpass Emergency Bridge Replacement
- WSDOT
- $7,576,200
- 7/1/26
- Pacific Avenue Greenway
- Spokane
- $4,633,131
- 6/29/26
- Pacific Avenue Greenway 2022069
- Spokane
- $4,633,131
- 6/29/26
- Skagit County Parks Paving Maintenance Skagit Fairgrounds
- Skagit County
- $254,530
- 6/25/26
- SR 112 Clallam Bay 2023 Emergency
- WSDOT
- $2,444,094
- 6/24/26
- Dike Road Reconstruction
- Cowlitz County
- $4,366,057
- 6/22/26
- 120th Avenue NE Roadway Rehabilitation
- Kirkland
- $3,915,167
- 6/18/26
- 2026 Street Overlay
- Kirkland
- $2,140,278
- 6/18/26
- I 5 I 205 Concrete Panel Rehabilitation
- WSDOT
- $2,944,786
- 6/17/26
- Leader Lake Road Paving 2026
- Okanogan County
- $468,476
- 6/16/26
- 2025 Traffic Calming Cycle 13
- Spokane
- $2,688,785
- 6/15/26
- I 5 N Martin Way E E Mounts Rd SW PCCP Replacement
- WSDOT
- $3,193,090
- 6/10/26
- 2026 Local Access Grind Overlay Chipseal
- Spokane
- $3,212,365
- 6/8/26
- US 12 I 5 0 5 Mile East Harms Rd Paving
- WSDOT
- $6,663,697
- 6/3/26
- 2026 Annual Roads
- Bainbridge Island
- $924,192
- 6/3/26
- Ash Way Overlay 164th Street SW Park Ride
- Snohomish County
- $845,657
- 5/28/26
- US 730 Oregon State Line US 12 Paving
- WSDOT
- $2,055,194
- 5/28/26
- 2026 Citywide Pavement Repairs Grind Inlays
- Camas
- $1,142,142
- 5/27/26
- 183rd Avenue SW Empire Street SW Sargent Road SW Phase 1
- Thurston County
- $2,223,612
- 5/21/26
- NE Big Rock Road Overlay
- King County - WA
- $1,890,864
- 5/21/26
- ADA Curb Ramp 2026
- Redmond
- $2,760,805
- 5/21/26
- Aqua Vista Sewer Replacement
- Bellevue
- $1,144,754
- 5/21/26
- Eastrail NE Spring Boulevard Trail Link
- Bellevue
- $5,737,815
- 5/21/26
- SR 241 SR 14 Sunnyside Vic Columbia River Vic Wheel Path Chip Seal
- WSDOT
- $11,661,471
- 5/20/26
- SR 203 NE 124th St Skykomish River Paving Exceptions
- WSDOT
- $4,622,663
- 5/20/26
- SE Blair Road
- Clark County - WA
- $1,388,057
- 5/19/26
- 2026 City Wide Asphalt Overlay
- Kennewick
- $783,481
- 5/19/26
- SR 14 W Camas Slough Bridge Deck Paving
- WSDOT
- $1,830,000
- 5/13/26
- SR 525 525 Spur Vic Mukilteo Ferry Vic Paving ADA
- WSDOT
- $7,107,884
- 5/13/26
- I 5 1 2 Mi S Rogers Rd SR 505 Vic Paving
- WSDOT
- $9,891,850
- 5/13/26
- Pavement Management 154th Avenue NE Redmond Way NE 85th Street
- Redmond
- $993,599
- 5/7/26
- SR 508 0 3 Miles East Bergen Rd Engineered Log Jam
- WSDOT
- $2,550,037
- 5/6/26
- US 12 W Gulch Bridge Rimrock Retreat Paving
- WSDOT
- $11,661,471
- 5/6/26
- SR 9 Park Rd 547 SAAR Sumas Paving
- WSDOT
- $6,048,502
- 5/6/26
- SR 17 NCR Seal 2026
- WSDOT
- $9,811,725
- 5/6/26
- Harbor Pointe Boulevard Pavement Preservation
- Mukilteo
- $1,670,147
- 5/5/26
- Canyon Road Overlay Umptanum Road Mountain View Avenue
- Ellensburg
- $793,779
- 4/30/26
- Rocky Flat Road Maintenance
- Yakima County
- $302,705
- 4/30/26
- 2026 County Overlay ADA Program
- Snohomish County
- $2,478,507
- 4/30/26
- 2026 Asphalt Patch Repairs
- Snohomish County
- $1,678,950
- 4/28/26
- Olympic View Drive Pavement Preservation
- Edmonds
- $1,174,586
- 4/28/26
- 2026 Resurfacing
- Vancouver
- $2,205,896
- 4/28/26
- Westside Water Main Phase II Overlay
- Mountlake Terrace
- $2,483,242
- 4/23/26
- I 5 N Old Hwy 99 SW N Maytown Rd SW Paving
- WSDOT
- $6,744,655
- 4/22/26
- US 2 Cashmere West Paving
- WSDOT
- $6,916,596
- 4/22/26
- SR 534 I 5 Interchange SR 9 Vic Paving
- WSDOT
- $2,570,511
- 4/22/26
- Transit Connection Corridor C2202
- Mountlake Terrace
- $2,415,322
- 4/21/26
- Elfendahl Pass Road Improvement
- Mason County
- $982,527
- 4/17/26
- CRP 2066 Cloquallum Road Safety Enhancement
- Mason County
- $1,467,017
- 4/17/26
- I 5 Koontz Rd S Alder St Exceptions
- WSDOT
- $3,358,733
- 4/15/26
- 2026 Pavement Repairs
- Vancouver
- $1,115,115
- 4/14/26
- 2026 Countywide Pavement Overlay
- Cowlitz County
- $3,385,654
- 4/13/26
- Runway 16R 34L Rehabilitation North
- Snohomish County
- $20,705,045
- 4/7/26
- Grant Rd Resurfacing N Quincy Ave Urban Industrial Way CRP 1023
- Douglas County - WA
- $1,513,500
- 4/6/26
- 2026 Bituminous Surface Treatment Area 2
- Benton County
- $1,427,190
- 4/2/26
- US 101 N Ocean Beach Rd Jefferson Co Line Paving
- WSDOT
- $34,686,068
- 4/1/26
- Brighton Creek Culvert Replacement Harts Lake Rd D462
- Pierce County
- $6,652,866
- 4/1/26
- 2026 Pavement Maintenance Overlay
- Everett
- $3,097,946
- 3/31/26
- 2026 Overlay Program
- Bellevue
- $1,098,986
- 3/26/26
- North Horn Rapids Sewer Extension
- Richland
- $2,577,979
- 3/24/26
- P2606 2026 Bituminous Surface Treatment Seal Coat
- Kennewick
- $779,233
- 3/24/26
- Salmon Creek Sports Complex Paving Restoration
- Clark County - WA
- $237,076
- 3/17/26
- Urban Core Bike Network Connections Phase 1
- Bellevue
- $887,361
- 3/12/26
- South Service Center Line Dock Asphalt
- Seattle
- $803,708
- 3/11/26
- 2026 HMA Overlays
- Clark County - WA
- $3,939,413
- 3/10/26
- 2026 Pavement Preservation
- Bothell
- $805,811
- 3/5/26
- I 90 EB Mercer Slough 150th Ave SE Paving Bridge Deck Resurface XE3701
- WSDOT
- $4,385,923
- 3/4/26
- Little Squalicum Water Quality Retrofits Phase 2 EV 177
- Bellingham
- $2,708,240
- 3/4/26
- Friends Landing Boat Launch Parking Lot Renovation
- Grays Harbor
- $822,767
- 2/27/26
- SR 510 SR 702 SR 507 CRAB Bundle 1A Compact Roundabouts
- WSDOT
- $4,094,911
- 2/25/26
- 2026 South Machias Road Culvert Replacements
- Snohomish County
- $2,487,555
- 2/24/26
- 2026 Independence Road Improvement
- Yakima County
- $2,874,033
- 2/19/26
- XE3692 SR 17 Cunningham Rd Roundabout
- WSDOT
- $3,021,322
- 2/19/26
- W Fourth Pl Blvd Mill Pl Main St NHS Resurfacing
- Vancouver
- $1,920,920
- 2/17/26
- Kelsey Creek Culvert Lake Hills Blvd Water Sewer Replacement
- Bellevue
- $7,548,813
- 2/5/26
- Queensborough Sewer Rehabilitation
- Alderwood Water and Wastewater District
- $5,352,452
- 2/3/26
- I 5 SB I 205 NE 179th St Concrete Pavement Rehabilitation
- WSDOT
- $9,415,900
- 1/28/26
- US 101 Safety Improvement
- Aberdeen
- $2,814,720
- 1/22/26
- SR 124 US 12 Interchange EB Bridge Repair
- WSDOT
- $1,726,198
- 1/22/26
- Transit Connection Corridor
- Mountlake Terrace
- $2,272,768
- 1/21/26
- CRP 634 North Railroad Avenue Improvements
- Franklin County - WA
- $1,313,013
- 1/15/26
- Fish Lake Tr Cent Tr Connection Phase 1 Thorpe Govt Way 1
- Spokane
- $3,044,444
- 1/13/26
- Stossel Right Bank Revetment ReBid
- King County - WA
- $1,988,330
- 1/13/26
- Tucker Rd Paving
- Lewis County
- $699,349
- 10/26/26
- 120
- 0%
- -
- $699,349
- Stossel Right Bank Revetment ReBid
- WSDOT
- $2,944,786
- 08/16/26
- 80
- 67.5%
- $1,104,295
- $957,055
- Stossel Right Bank Revetment ReBid
- WSDOT
- $4,622,663
- 07/19/26
- 120
- 68.3%
- $1,155,666
- $1,463,843
- Stossel Right Bank Revetment ReBid
- WSDOT
- $6,048,502
- 07/05/26
- 120
- 80.0%
- $1,512,126
- $1,209,700
- Stossel Right Bank Revetment ReBid
- Mukilteo
- $1,670,147
- 07/04/26
- 120
- 80.8%
- $417,537
- $320,112
- Stossel Right Bank Revetment ReBid
- Snohomish County
- $2,478,507
- 06/29/26
- 120
- 85.0%
- $619,627
- $371,776
- Stossel Right Bank Revetment ReBid
- Vancouver
- $2,205,896
- 06/27/26
- 120
- 86.7%
- $551,474
- $294,119
- Stossel Right Bank Revetment ReBid
- Mason County
- $982,527
- 06/16/26
- 120
- 96.7%
- $245,632
- $32,751
- $5,606,357
- $5,348,705





