Correlation
The correlation between GVA and FTNT is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
GVA vs. FTNT
Compare and contrast key facts about Granite Construction Incorporated (GVA) and Fortinet, Inc. (FTNT).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GVA or FTNT.
Performance
GVA vs. FTNT - Performance Comparison
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Key characteristics
GVA:
1.66
FTNT:
1.65
GVA:
2.20
FTNT:
2.73
GVA:
1.27
FTNT:
1.37
GVA:
1.40
FTNT:
2.20
GVA:
3.42
FTNT:
9.31
GVA:
11.92%
FTNT:
7.33%
GVA:
26.56%
FTNT:
42.32%
GVA:
-84.72%
FTNT:
-51.20%
GVA:
-11.85%
FTNT:
-9.96%
Fundamentals
GVA:
$3.85B
FTNT:
$78.96B
GVA:
$2.55
FTNT:
$2.43
GVA:
34.53
FTNT:
42.45
GVA:
5.56
FTNT:
2.89
GVA:
0.95
FTNT:
12.86
GVA:
3.79
FTNT:
40.41
GVA:
$4.03B
FTNT:
$6.14B
GVA:
$602.26M
FTNT:
$5.00B
GVA:
$371.06M
FTNT:
$2.34B
Returns By Period
In the year-to-date period, GVA achieves a 0.55% return, which is significantly lower than FTNT's 9.19% return. Over the past 10 years, GVA has underperformed FTNT with an annualized return of 10.90%, while FTNT has yielded a comparatively higher 29.37% annualized return.
GVA
0.55%
10.05%
-11.05%
42.01%
41.76%
41.95%
10.90%
FTNT
9.19%
2.42%
11.20%
68.15%
21.75%
29.31%
29.37%
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Risk-Adjusted Performance
GVA vs. FTNT — Risk-Adjusted Performance Rank
GVA
FTNT
GVA vs. FTNT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Granite Construction Incorporated (GVA) and Fortinet, Inc. (FTNT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
GVA vs. FTNT - Dividend Comparison
GVA's dividend yield for the trailing twelve months is around 0.59%, while FTNT has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GVA Granite Construction Incorporated | 0.59% | 0.59% | 1.02% | 1.48% | 1.34% | 1.95% | 1.88% | 1.29% | 0.82% | 0.95% | 1.21% | 1.37% |
FTNT Fortinet, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GVA vs. FTNT - Drawdown Comparison
The maximum GVA drawdown since its inception was -84.72%, which is greater than FTNT's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for GVA and FTNT.
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Volatility
GVA vs. FTNT - Volatility Comparison
The current volatility for Granite Construction Incorporated (GVA) is 5.80%, while Fortinet, Inc. (FTNT) has a volatility of 11.88%. This indicates that GVA experiences smaller price fluctuations and is considered to be less risky than FTNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
GVA vs. FTNT - Financials Comparison
This section allows you to compare key financial metrics between Granite Construction Incorporated and Fortinet, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
GVA vs. FTNT - Profitability Comparison
GVA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Granite Construction Incorporated reported a gross profit of 83.85M and revenue of 699.55M. Therefore, the gross margin over that period was 12.0%.
FTNT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Fortinet, Inc. reported a gross profit of 1.25B and revenue of 1.54B. Therefore, the gross margin over that period was 81.0%.
GVA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Granite Construction Incorporated reported an operating income of -32.06M and revenue of 699.55M, resulting in an operating margin of -4.6%.
FTNT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Fortinet, Inc. reported an operating income of 453.80M and revenue of 1.54B, resulting in an operating margin of 29.5%.
GVA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Granite Construction Incorporated reported a net income of -33.66M and revenue of 699.55M, resulting in a net margin of -4.8%.
FTNT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Fortinet, Inc. reported a net income of 433.40M and revenue of 1.54B, resulting in a net margin of 28.2%.