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Finnish infrastructure construction company providing road paving, earthworks and civil engineering services.
Finnish infrastructure construction company providing road paving, earthworks and civil engineering services.
Moat: narrow (installed base, process know-how). Established local paving/earthworks capacity and equipment fleet built up over decades of contracts.
Headquarters: Helsinki, Finland · Employees: 1,222
Size GRK Infra (GRK.HE) is a Finland Industrials company (Engineering & Construction) with a market value of $903M, the 37th largest of 65 Finland companies the cockpit tracks. Shares closed at €18.86 on 6 Nov 2026.
Performance Over six months the shares gained 30.1%, against -5.3% for the median peer and -2.9% for the Finland market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 6.7% over the last twelve months (peer median +8.9%); the operating margin is 8.5% (peer median 5.5%).
Valuation It trades at 10.0× forward earnings against a peer median of 15.5× (2nd cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +25%, so the hurdle is -26 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 53.1 points above its cost of capital (8.7% WACC).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €818M | €872M | €729M | €546M | €450M |
| Revenue growth | — | +20% | +33% | +21% | — |
| Gross profit | €100M | €87.3M | €77.1M | €44.6M | €18.7M |
| EBITDA | €95.1M | €65.4M | €60.6M | €37.0M | €22.1M |
| Net income | €53.9M | €43.0M | €36.9M | €20.1M | €6.98M |
| Free cash flow | €19.9M | €143M | €45.1M | €62.3M | €1.88M |
| Capital expenditure | €22.2M | €15.1M | €16.6M | €13.8M | €19.1M |
| Total debt | €40.2M | €37.6M | €38.7M | €37.8M | €38.2M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| GRK Infra GRK.HE | $903M | +30% | -7% | 8% | 10.0× | -1.5% |
| NCC NCC-A.ST | $1.69B | -3% | -17% | 3% | 22.2× | -1.6% |
| YIT YIT.HE | $938M | +45% | +10% | 3% | 75.2× | 12.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GRK.HE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.6% | -6.6% | lowest of 21 |
| 6-month return | +30.1% | -5.3% | 5th highest of 21 |
| Distance from 52-week high | -32.4% | -26.5% | 10th lowest of 21 |
| Revenue growth (TTM) | -6.7% | +8.9% | 4th lowest of 21 |
| Operating margin | 8.5% | 5.5% | 9th highest of 21 |
| Forward P/E | 10.0× | 15.5× | 2nd cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -1.5% | 9.1% | 3rd least demanding of 10 |
| Growth delivered (Del g) | +24.6% | +4.7% | highest of 10 |
| Hurdle (Req g minus delivered) | -26.1 pp | +8.1 pp | least demanding of 10 |
| ROIC minus cost of capital | +53.1 pp | -2.1 pp | highest of 18 |
| EV / EBITDA | 6.9× | 9.0× | 2nd cheapest of 9 |
| Net debt / EBITDA | -1.6× | -0.9× | 4th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| GRK Infra GRK.HE | Finland | $903M | +30% | -7% | 8% | 10.0× | -1.5% | +24.6% |
| I.CO.P ICOP.MI | Italy | $901M | -6% | +138% | 11% | 17.1× | n/a | n/a |
| Taihei Dengyo Kaisha 1968.T | Japan | $899M | -22% | +19% | 11% | 11.2× | n/a | n/a |
| Shanghai Geoharbour Construction 605598.SS | China | $913M | -48% | +9% | -3% | 541.7× | n/a | n/a |
| GR Engineering Services GNG.AX | Australia | $891M | +40% | +3% | 11% | 18.3× | 14.9% | +4.7% |
| Costain COST.L | United Kingdom | $890M | +30% | -6% | 5% | 16.5× | 0.1% | +1.3% |
| Hubei Chutian Smart Communication 600035.SS | China | $918M | -1% | +34% | 9% | n/a | n/a | n/a |
| Ningbo Construction 601789.SS | China | $885M | -34% | +10% | 2% | n/a | n/a | n/a |
| LS Marine Solution 060370.KS | South Korea | $924M | -35% | +21% | 6% | 55.0× | n/a | n/a |
| Sentia SNTIA.OL | Norway | $924M | +8% | +15% | 5% | 14.3× | -11.1% | +4.2% |
| Shenzhen Tagen 000090.SZ | China | $883M | -11% | +1% | 0% | 7.7× | 13.8% | +5.6% |
| Galliford Try GFRD.L | United Kingdom | $925M | +31% | +3% | 3% | 14.5× | -0.8% | +11.4% |
| Raito Kogyo 1926.T | Japan | $928M | -5% | +9% | 13% | 11.6× | -8.0% | +5.2% |
| YIT YIT.HE | Finland | $938M | +45% | +10% | 3% | 75.2× | 12.8% | -10.6% |
| KEC International KEC.NS | India | $939M | -46% | -2% | 5% | 13.3× | n/a | n/a |
| Shanghai Urban Architecture Design 300983.SZ | China | $866M | +5% | -7% | -58% | n/a | n/a | n/a |
| Next Geosolutions Europe NXT.MI | Italy | $861M | +22% | +68% | 17% | 12.7× | n/a | n/a |
| Beijing New Space Technology 605178.SS | China | $861M | -18% | 0% | -51% | n/a | n/a | n/a |
| Xinjiang Beixin Road & Bridge 002307.SZ | China | $861M | -19% | -22% | 8% | n/a | n/a | n/a |
| Shenzhen Cheng Chung Design 002811.SZ | China | $949M | +48% | +28% | 13% | n/a | 9.1% | -6.2% |
| China Nerin Engineering 603257.SS | China | $851M | -21% | -21% | 10% | 23.4× | 15.4% | +5.6% |