Company / Interest Expense
Granite Construction, Inc. Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$20.7M
FY2023
5-year range
$18.1M / $24.2M
FY2019-FY2023
Trend
-14.3%
vs FY2022
Sector context
#62 of 111
Industrials
What the data says
At $21M, Granite Construction, Inc.'s interest expense ranks #50 of 111 in the Industrials sector. Interest Expense has fluctuated over the past 8 years, ranging from $11M in FY2017 to $24M in FY2022.
Based on SEC 10-K filings.
$21M in FY2023 with a 5-year CAGR of +7.3%.
Increased from $18M to $21M over the past 2 years.
Industrials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +12.5%
- 5-Year CAGR
- +7.3%
- 10-Year CAGR
- -
Sector benchmark
#50 of 111 in IndustrialsTop 44% of 111This company $20.7M Sector average $108.8M
▼
-80.9% below sector average
Key checks
Key Insights
- 5-year CAGR of +7.3%, indicating consistent growth.
- In FY2023, interest expense decreased 14.3% year-over-year.
- Ranks #62 out of 111 companies in the Industrials sector.
- Peak interest expense was recorded in FY2022.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $20.7M | -14.3% |
| FY2022 | $24.2M | +34.1% |
| FY2021 | $18.1M | +23.9% |
| FY2020 | $14.6M | -19.3% |
| FY2019 | $18.1M | +23.9% |
| FY2018 | $14.6M | +34.9% |
| FY2017 | $10.8M | -23.7% |
| FY2016 | $14.2M | -0.7% |
As of FY2023 · SEC Form 10-K · Last checked Jun 30, 2026