Construction Partners, Inc. Class A Common Stock (ROAD) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$1.01	$1.08	+6.9%	—	$999.4M	—
Q2 26	-$0.03	$0.18	+700.0%	—	$769.2M	—
Q1 26	$0.31	$0.47	+51.6%	—	$809.5M	—
Q4 25	$1.08	$1.06	-1.9%	—	$899.8M	—
Q3 25	$0.82	$0.81	-1.2%	—	$779.3M	—
Q2 25	-$0.05	$0.08	+260.0%	—	$571.6M	—
Q1 25	$0.15	$0.25	+66.7%	—	$561.6M	—
Q4 24	$0.57	$0.58	+1.8%	—	$538.2M	—
Q3 24	$0.55	$0.59	+7.3%	—	$517.8M	—
Q2 24	-$0.01	-$0.02	-100.0%	—	$371.4M	—
Q1 24	$0.13	$0.19	+46.2%	—	$396.5M	—
Q4 23	$0.51	$0.59	+15.7%	—	$475M	—
Q3 23	$0.34	$0.41	+20.6%	—	$421.9M	—
Q2 23	-$0.18	-$0.11	+38.9%	—	$324.9M	—
Q1 23	$0.05	$0.04	-20.0%	—	$341.8M	—
Q4 22	$0.24	$0.25	+4.2%	—	$393.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.85	—	—	$2.8B	—
FY24	—	$1.33	—	—	$1.8B	—
FY23	—	$0.95	—	—	$1.6B	—
FY22	—	$0.41	—	—	$1.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$542.3M	$568.2M	$680.1M	$783.2M	$785.7M	$910.7M	$1.3B	$1.6B	$1.8B	$2.8B
YoY change	—	+4.77%	+19.7%	+15.2%	+0.31%	+15.9%	+42.9%	+20.1%	+16.7%	+54.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	542.3M	568.2M	680.1M	783.2M	785.7M	910.7M	1.3B	1.6B	1.8B	2.8B
Cost of revenue	467.5M	477.2M	580.6M	665.3M	663.5M	790.8M	1.2B	1.4B	1.6B	2.4B
Gross profit	74.9M	91M	99.5M	118M	122.2M	119.9M	139.3M	196.4M	258.3M	439.1M
Gross margin	13.8%	16%	14.6%	15.1%	15.6%	13.2%	10.7%	12.6%	14.2%	15.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	40.4M	47.9M	55.3M	62.7M	68.6M	91.9M	107.6M	126.9M	151.5M	199.3M
Operating expenses	40.4M	47.9M	40.5M	62.7M	68.6M	91.9M	107.6M	126.9M	151.5M	199.3M
Operating income	34.5M	43.1M	44.2M	55.2M	53.6M	28.1M	31.7M	69.4M	106.8M	239.8M
Operating margin	6.35%	7.59%	6.5%	7.05%	6.82%	3.08%	2.44%	4.44%	5.85%	8.53%
Non-operating income, net	2.8M	1.6M	17.1M	2.3M	2M	2.9M	4.3M	13.3M	4.4M	-14.9M
Pretax income	32.6M	40.8M	60.1M	55.7M	52.5M	28.5M	28.3M	65.4M	92.1M	134.5M
Income tax	10.5M	14.7M	10.5M	13.9M	12.8M	8.3M	6.9M	16.4M	23.2M	32.7M
Net income	22M	26M	50.8M	43.1M	40.3M	20.2M	21.4M	49M	68.9M	101.8M
Net margin	4.06%	4.58%	7.47%	5.51%	5.13%	2.22%	1.64%	3.13%	3.78%	3.62%
EBITDA	55.8M	64M	69.5M	86.9M	93.3M	78.7M	98.1M	149.4M	199.6M	388.2M
EPS	0.43	0.51	1.11	0.84	0.78	0.39	0.41	0.95	1.33	1.85
Diluted EPS	0.43	0.51	1.11	0.84	0.78	0.39	0.41	0.94	1.31	1.84

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	475M	396.5M	371.4M	517.8M	538.2M	561.6M	571.6M	779.3M	899.8M	809.5M	769.2M	999.4M
Cost of revenue	399.5M	344.6M	332.6M	434.3M	454.1M	485M	500.3M	647.5M	740.5M	688M	670.3M	831M
Gross profit	75.5M	51.9M	38.8M	83.5M	84.1M	76.6M	71.3M	131.8M	159.4M	121.5M	98.9M	168.4M
Gross margin	15.9%	13.1%	10.4%	16.1%	15.6%	13.6%	12.5%	16.9%	17.7%	15%	12.9%	16.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	33M	36M	36.8M	38.9M	39.8M	44.3M	46.7M	51M	57.3M	61.5M	63.6M	63.1M
Operating expenses	33M	36M	36.8M	38.9M	39.8M	44.3M	46.7M	51M	57.3M	61.5M	63.6M	63.1M
Operating income	42.5M	15.9M	2M	44.6M	44.2M	32.3M	24.7M	80.8M	102M	60M	35.3M	105.2M
Operating margin	8.95%	4.01%	0.55%	8.61%	8.22%	5.75%	4.32%	10.4%	11.3%	7.41%	4.58%	10.5%
Non-operating income, net	2.2M	808K	1.1M	1.1M	1.4M	-18.1M	2.4M	2.4M	-1.7M	-9.8M	2.4M	4.2M
Pretax income	41.2M	13M	-1.4M	41M	39.6M	-3.9M	5.5M	58M	75M	22.8M	12.1M	79.1M
Income tax	10.3M	3.1M	-321K	10.1M	10.3M	-849K	1.3M	13.9M	18.4M	5.6M	2.9M	19.6M
Net income	30.9M	9.8M	-1.1M	30.9M	29.3M	-3.1M	4.2M	44M	56.6M	17.2M	9.2M	59.6M
Net margin	6.51%	2.48%	-0.3%	5.97%	5.45%	-0.54%	0.74%	5.65%	6.29%	2.13%	1.19%	5.96%
EBITDA	63.8M	37M	24.9M	68.1M	69.6M	63.9M	61.8M	120.3M	142.1M	104.8M	81.8M	149.3M
EPS	—	0.19	-0.02	0.6	0.57	-0.06	0.08	0.8	1.03	0.31	0.16	1.07
Diluted EPS	—	0.19	-0.02	0.59	0.56	-0.06	0.08	0.79	1.02	0.31	0.16	1.06

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	937.1M	1.7B	1.4B	1.9B	3.6B	7B	5.2B
Enterprise value	—	—	—	—	888.4M	1.9B	1.7B	2.2B	4.1B	8.5B	7.1B
Shares outstanding	50.8M	50.8M	45.6M	51.4M	51.5M	51.6M	51.8M	51.8M	51.9M	54.9M	54.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	23.3	85.4	63.5	38.7	52.5	68.6	36.6
P/S	—	—	—	—	1.19	1.89	1.04	1.21	1.99	2.48	1.46
P/B	—	—	—	—	2.43	4.21	2.98	3.67	6.31	7.65	4.86
EV/EBITDA	—	—	—	—	9.53	24	17.5	15	20.5	21.9	14
EV/Sales	—	—	—	—	1.13	2.07	1.32	1.43	2.25	3.03	2.05
Earnings yield	—	—	—	—	4.3%	1.17%	1.57%	2.59%	1.9%	1.46%	2.73%
FCF yield	—	—	—	—	5.61%	-0.45%	-3.86%	3.13%	3.35%	2.2%	1.01%
PEG	—	—	—	—	—	—	—	—	—	—	1.08

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	13.8%	16%	14.6%	15.1%	15.6%	13.2%	10.7%	12.6%	14.2%	15.6%	16.8%
Operating margin	6.35%	7.59%	6.5%	7.05%	6.82%	3.08%	2.44%	4.44%	5.85%	8.53%	10.7%
Net margin	4.06%	4.58%	7.47%	5.51%	5.13%	2.22%	1.64%	3.13%	3.78%	3.62%	4.1%
ROE	14.1%	17.1%	17%	12.6%	10.5%	4.93%	4.69%	9.49%	12%	11.2%	15%
ROA	6.92%	7.93%	10.2%	8.11%	6.42%	2.5%	1.95%	4.02%	4.47%	3.14%	6.33%
ROIC	14%	15.1%	13.9%	13.2%	12.1%	3.45%	2.96%	6.06%	7.59%	7.42%	8.04%
Return on tangible assets	8.72%	9.93%	12%	9.63%	7.62%	3.22%	2.66%	5.68%	6.64%	8.53%	12%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.77	1.53	1.99	2.18	2.44	1.9	1.84	1.7	1.54	1.61	1.57
Quick ratio	1.64	1.38	1.81	1.92	2.16	1.56	1.52	1.39	1.26	1.34	1.26
Debt / equity	0.39	0.38	0.21	0.15	0.26	0.55	0.86	0.76	0.96	1.85	1.82
Debt / assets	0.19	0.17	0.13	0.09	0.16	0.28	0.36	0.32	0.36	0.52	0.52
Net debt / EBITDA	0.18	0.46	-0.52	-0.35	-0.52	2.1	3.61	2.29	2.4	3.95	3.76
Interest coverage	7.98	11.3	48.3	30.9	17.8	12.9	4.68	4.77	5.83	2.49	2.74
Effective tax rate	32.4%	36.1%	17.5%	25%	24.3%	29.3%	24.4%	25.1%	25.1%	24.3%	24.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	10.7	11.2	14.9	15.2	15.3	17.6	25.1	30.2	35.2	51.2	62.4
EPS (basic)	0.43	0.51	1.11	0.84	0.78	0.39	0.41	0.95	1.33	1.85	1.85
EPS (diluted)	0.43	0.51	1.11	0.84	0.78	0.39	0.41	0.94	1.31	1.84	2.45
Book value per share	3.08	2.99	6.57	6.68	7.48	7.92	8.81	9.97	11.1	16.6	18.4
FCF per share	0.53	0.44	0.51	0.25	1.02	-0.15	-1.01	1.15	2.34	2.79	3.12
Cash per share	1.01	0.54	2.17	1.57	2.88	1.11	0.69	0.93	1.44	2.84	1.67
Capex per share	0.37	0.39	0.83	0.74	0.96	1.02	1.18	0.83	1.42	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.5%	3.49%	5.57%	4.85%	6.3%	5.78%	4.71%	2.76%	4.05%	—	—
Capex / operating cash flow	38.3%	47.4%	45.7%	70.6%	53.2%	103.7%	161.6%	26.5%	33.4%	—	—
Payout ratio	0%	120.2%	0%	—	—	—	—	—	—	—	0%

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$475M	$396.5M	$371.4M	$517.8M	$538.2M	$561.6M	$571.6M	$779.3M	$899.8M	$809.5M	$769.2M	$999.4M
YoY change	+20.9%	+16%	+14.3%	+22.7%	+13.3%	+41.6%	+53.9%	+50.5%	+67.2%	+44.1%	+34.6%	+28.2%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	51.1M	27.5M	99.1M	80.6M	148.3M	57.3M	35.5M	48.2M	74.7M	156.1M
Receivables	102.8M	121M	120.3M	139.9M	131.8M	158.2M	265.2M	303.7M	350.8M	549.9M
Inventory	13.2M	17.5M	24.6M	34.3M	38.6M	53.8M	74.2M	84M	106.7M	155.1M
Total current assets	176.9M	175.1M	267.5M	280M	331.6M	300M	417.2M	473.4M	585M	934.8M
Property, plant & equipment	94.7M	106.1M	166.3M	190.4M	226.3M	384.2M	462.8M	482.7M	629M	1.2B
Goodwill & intangibles	65.6M	66.3M	73.3M	84M	99.1M	179.2M	290.9M	357.6M	504.4M	2B
Total assets	318.3M	328.6M	496.3M	531.8M	628.1M	806.6M	1.1B	1.2B	1.5B	3.2B
Accounts payable	40.8M	52.4M	63.5M	70.4M	64.7M	86.4M	130.5M	151.4M	182.6M	284.2M
Short-term debt	14.9M	10M	14.8M	7.5M	15M	11.4M	14.7M	17.3M	35.6M	58.4M
Total current liabilities	100M	114.5M	134.5M	128.2M	135.8M	158M	226.1M	279.2M	380.5M	582M
Long-term debt	46.1M	47.1M	48.1M	42.5M	84.6M	211.5M	375.1M	373.4M	517.6M	1.6B
Total liabilities	162M	176.4M	196.8M	188.2M	242.9M	397.7M	639.6M	703.1M	968.4M	2.3B
Shareholders' equity	156.3M	152.2M	299.5M	343.6M	385.2M	408.9M	455.9M	516.6M	573.7M	912M
Total debt	61M	57.1M	62.9M	50M	99.7M	222.9M	389.8M	390.7M	553.3M	1.7B
Net debt	9.9M	29.6M	-36.2M	-30.6M	-48.7M	165.6M	354.3M	342.5M	478.6M	1.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	48.2M	68.7M	48M	56.3M	74.7M	132.5M	101.9M	114.3M	156.1M	104.1M	76.9M	94.5M
Receivables	303.7M	255.5M	275.6M	340.7M	350.8M	384.1M	409.2M	464.5M	549.9M	438M	515.6M	593.5M
Inventory	84M	96.7M	102.8M	104.6M	106.7M	145.2M	146.9M	148.5M	155.1M	170M	176.8M	185.3M
Total current assets	473.4M	461.4M	475.5M	554.2M	585M	723.1M	729.5M	809.4M	934.8M	809.1M	862.4M	961.3M
Property, plant & equipment	482.7M	543.2M	555.2M	574.5M	629M	1B	1.1B	1.2B	1.2B	1.3B	1.3B	1.3B
Goodwill & intangibles	357.6M	392.6M	405.8M	442.4M	504.4M	1.5B	1.6B	1.7B	2B	2.3B	2.3B	2.4B
Total assets	1.2B	1.3B	1.3B	1.4B	1.5B	2.6B	2.8B	2.9B	3.2B	3.4B	3.4B	3.6B
Accounts payable	151.4M	131.7M	141.5M	158.6M	182.6M	171.6M	199.2M	244.1M	284.2M	221.2M	290.3M	319.9M
Short-term debt	17.3M	18.5M	20.6M	31.2M	35.6M	48.3M	54.6M	56M	58.4M	63.4M	65.3M	71.8M
Total current liabilities	279.2M	262.9M	290.1M	346M	380.5M	469.7M	513.6M	552.2M	582M	508.2M	564.3M	614M
Long-term debt	373.4M	442.6M	445.1M	480.7M	517.6M	1.2B	1.4B	1.4B	1.6B	1.8B	1.8B	1.8B
Total liabilities	703.1M	755M	788.4M	879.2M	968.4M	1.8B	1.9B	2.1B	2.3B	2.4B	2.5B	2.6B
Shareholders' equity	516.6M	521.2M	525M	552.9M	573.7M	811.1M	807.9M	853.3M	912M	969.1M	979.4M	1B
Total debt	390.7M	461M	465.7M	511.9M	553.3M	1.3B	1.4B	1.5B	1.7B	1.8B	1.8B	1.9B
Net debt	342.5M	392.3M	417.7M	455.6M	478.6M	1.1B	1.3B	1.4B	1.5B	1.7B	1.8B	1.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	22M	26M	50.8M	43.1M	40.3M	20.2M	21.4M	49M	68.9M	101.8M
Depreciation & amortization	21.5M	21.1M	25.3M	31.2M	39.3M	49.8M	65.7M	79.1M	92.9M	148.3M
Stock-based compensation	217K	513K	975K	957K	1.6M	3.5M	8M	10.8M	14.4M	37M
Change in working capital	-3.2M	-7.3M	6.1M	-24.6M	8.4M	-26.7M	-63.4M	12.7M	22M	-33.2M
Operating cash flow	49.6M	41.8M	82.8M	53.9M	93.1M	50.8M	38M	162.8M	221M	291.3M
Capital expenditure	-19M	-19.8M	-37.9M	-38M	-49.5M	-52.7M	-61.3M	-43.1M	-73.9M	—
Investing cash flow	-19M	-30.7M	-89.6M	-60.2M	-79.4M	-263.4M	-197.3M	-143.4M	-307.6M	-1.2B
Dividends paid	0	-31.3M	0	—	—	—	—	—	—	—
Share repurchases	-3M	-3M	-2.6M	-569K	0	0	-39K	-139K	-11.3M	-23.5M
Financing cash flow	-20.9M	-39.8M	95.1M	-13.6M	41.9M	123.8M	159.1M	-264K	126.1M	1.1B
Net change in cash	9.7M	-28.6M	88.3M	-19.9M	55.6M	-88.8M	-240K	19.1M	39.5M	202.5M
Free cash flow	26.8M	22.5M	23.3M	12.8M	52.6M	-7.8M	-52.4M	59.3M	121.1M	153.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	30.9M	9.8M	-1.1M	30.9M	29.3M	-3.1M	4.2M	44M	56.6M	17.2M	9.2M	59.6M
Depreciation & amortization	21.3M	21.1M	22.8M	23.5M	25.5M	31.2M	37.3M	39.3M	40.5M	45M	46.3M	44M
Stock-based compensation	2.9M	2.9M	3.3M	4M	4.2M	14.4M	4.5M	8M	10.1M	14.9M	7.5M	8.8M
Change in working capital	-5M	34.5M	-3.4M	-36.9M	27.8M	6.9M	-935K	-24.9M	-14.3M	40.3M	-20.4M	-41.1M
Operating cash flow	61.4M	67.9M	21.7M	21.7M	109.7M	48.3M	46.4M	83M	112M	82.6M	65.2M	93.1M
Capital expenditure	-13.7M	-24.3M	-26.2M	-11.8M	-11.5M	-25M	-37.2M	—	—	—	—	—
Investing cash flow	-23.3M	-104.7M	-31.8M	-60.7M	-105.6M	-679M	-214.2M	-108.5M	-212.2M	-212.9M	-55.9M	-56.3M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	-1.3M	0	-5.3M	-4.7M	-12.1M	-8M	-674K	-2.7M	-22.4M	-3.5M	-3.8M
Financing cash flow	-43.8M	154.9M	-3.8M	34.1M	30.8M	694.8M	129.1M	69.6M	177.8M	108M	1.8M	32.5M
Net change in cash	-5.7M	118.2M	-13.9M	-4.9M	34.9M	64M	-38.7M	44.1M	77.6M	-22.4M	11.1M	69.3M
Free cash flow	43.9M	33.6M	-10.6M	19.7M	78.4M	13.8M	14.2M	46.4M	78.9M	47.1M	18.9M	30.6M

Construction Partners, Inc. Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement