GVA vs. PWR
GVA (Granite Construction Incorporated) and PWR (Quanta Services, Inc.) are both stocks. Both operate in the Engineering & Construction industry within the Industrials sector. Over the past 10 years, GVA returned 14.92%/yr vs 41.77%/yr for PWR. At a 0.46 correlation, their price movements are largely independent.
Performance
GVA vs. PWR - Performance Comparison
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Returns By Period
In the year-to-date period, GVA achieves a 31.49% return, which is significantly lower than PWR's 75.44% return. Over the past 10 years, GVA has underperformed PWR with an annualized return of 14.92%, while PWR has yielded a comparatively higher 41.77% annualized return.
GVA
- 1D
- 3.29%
- 1M
- 16.58%
- YTD
- 31.49%
- 6M
- 29.20%
- 1Y
- 70.99%
- 3Y*
- 58.05%
- 5Y*
- 32.06%
- 10Y*
- 14.92%
PWR
- 1D
- 5.40%
- 1M
- 2.31%
- YTD
- 75.44%
- 6M
- 71.00%
- 1Y
- 105.35%
- 3Y*
- 58.50%
- 5Y*
- 52.73%
- 10Y*
- 41.77%
GVA vs. PWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GVA Granite Construction Incorporated | 31.49% | 32.23% | 73.75% | 46.84% | -7.82% | 46.80% | -0.65% | -30.28% | -35.80% | 16.45% |
PWR Quanta Services, Inc. | 75.44% | 33.70% | 46.60% | 51.70% | 24.63% | 59.50% | 77.74% | 35.84% | -22.93% | 12.22% |
Correlation
The correlation between GVA and PWR is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 1998 | 0.46 |
The correlation between GVA and PWR shifts across timeframes, from 0.46 (all time) to 0.57 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
GVA:
$6.59B
PWR:
$112.56B
GVA:
$3.65
PWR:
$7.29
GVA:
41.50
PWR:
101.53
GVA:
0.18
PWR:
5.03
GVA:
1.66
PWR:
3.74
GVA:
6.39
PWR:
12.45
GVA:
$4.64B
PWR:
$29.99B
GVA:
$737.27M
PWR:
$4.08B
GVA:
$472.98M
PWR:
$2.40B
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Return for Risk
GVA vs. PWR — Risk / Return Rank
GVA
PWR
GVA vs. PWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Granite Construction Incorporated (GVA) and Quanta Services, Inc. (PWR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GVA | PWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.46 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.86 | 6.19 | -1.33 |
| Martin ratioReturn relative to average drawdown | 13.80 | 19.09 | -5.28 |
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Drawdowns
GVA vs. PWR - Drawdown Comparison
The maximum GVA drawdown since its inception was -84.72%, smaller than the maximum PWR drawdown of -97.07%. Use the drawdown chart below to compare losses from any high point for GVA and PWR.
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Drawdown Indicators
| GVA | PWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.72% | -97.07% | +12.35% |
Max Drawdown (1Y)Largest decline over 1 year | -14.69% | -17.11% | +2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -29.06% | -33.89% | +4.83% |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | -33.89% | -5.55% |
Max Drawdown (10Y)Largest decline over 10 years | -84.72% | -45.53% | -39.19% |
Current DrawdownCurrent decline from peak | 0.00% | -5.74% | +5.74% |
Average DrawdownAverage peak-to-trough decline | -31.12% | -46.81% | +15.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 5.54% | -0.38% |
Volatility
GVA vs. PWR - Volatility Comparison
The current volatility for Granite Construction Incorporated (GVA) is 7.89%, while Quanta Services, Inc. (PWR) has a volatility of 12.91%. This indicates that GVA experiences smaller price fluctuations and is considered to be less risky than PWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GVA | PWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.89% | 12.91% | -5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 21.35% | 29.92% | -8.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.88% | 37.65% | -10.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.87% | 35.83% | -5.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.33% | 33.85% | +7.48% |
Dividends
GVA vs. PWR - Dividend Comparison
GVA's dividend yield for the trailing twelve months is around 0.34%, more than PWR's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GVA Granite Construction Incorporated | 0.34% | 0.45% | 0.59% | 1.02% | 1.48% | 1.34% | 1.95% | 1.88% | 1.29% | 0.82% | 0.95% | 1.21% |
PWR Quanta Services, Inc. | 0.06% | 0.09% | 0.09% | 0.15% | 0.25% | 0.16% | 0.29% | 0.42% | 0.13% | 0.00% | 0.00% | 0.00% |
Financials
GVA vs. PWR - Financials Comparison
This section allows you to compare key financial metrics between Granite Construction Incorporated and Quanta Services, 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. PWR - Profitability Comparison
GVA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Granite Construction Incorporated reported a gross profit of 109.91M and revenue of 912.47M. Therefore, the gross margin over that period was 12.0%.
PWR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Quanta Services, Inc. reported a gross profit of 1.11B and revenue of 7.87B. Therefore, the gross margin over that period was 14.1%.
GVA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Granite Construction Incorporated reported an operating income of -31.05M and revenue of 912.47M, resulting in an operating margin of -3.4%.
PWR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Quanta Services, Inc. reported an operating income of 338.78M and revenue of 7.87B, resulting in an operating margin of 4.3%.
GVA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Granite Construction Incorporated reported a net income of -41.70M and revenue of 912.47M, resulting in a net margin of -4.6%.
PWR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Quanta Services, Inc. reported a net income of 220.63M and revenue of 7.87B, resulting in a net margin of 2.8%.
Frequently Asked Questions
GVA and PWR have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWR has higher volatility (12.91%) compared to GVA (7.89%). In terms of maximum drawdown, GVA dropped -84.72% vs PWR's -97.07%.
PWR currently has the higher Sharpe Ratio (2.82 vs 2.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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