Construction Partners, Inc. (ROAD) 10-Year Financial Performance & Capital Metrics

ROAD • • Industrial / General

IndustrialsEngineering & ConstructionHeavy Civil ConstructionRoad & Highway Construction

AboutConstruction Partners, Inc., a civil infrastructure company, engages in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, and South Carolina. The company, through its subsidiaries, provides various products and services to public and private infrastructure projects, with a focus on highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; paving activities, including the construction of roadway base layers and application of asphalt pavement; site development, including the installation of utility and drainage systems; mining aggregates, such as sand and gravel that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was incorporated in 1999 and is headquartered in Dothan, Alabama.Show more

Revenue $2.81B +54.2%
EBITDA $388M +92.7%
Net Income $102M +47.6%
EPS (Diluted) 1.84 +40.5%
Gross Margin 15.61% +10.2%
EBITDA Margin 13.8% +25.0%
Operating Margin 8.53% +43.3%
Net Margin 3.62% -4.3%
ROE 13.7% +8.3%
ROIC 10.28% +20.8%
Debt/Equity 1.85 +92.1%
Interest Coverage 2.65 -27.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 20.4%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 29.1%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y29.05%

3Y29.28%

TTM54.2%

Profit (Net Income) CAGR

10Y-

5Y20.36%

3Y68.23%

TTM47.65%

EPS CAGR

10Y-

5Y18.73%

3Y64.95%

TTM21610.71%

ROCE

10Y Avg11.78%

5Y Avg8.04%

3Y Avg10.29%

Latest12.56%

Peer Comparison

Road & Highway Construction

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ROADConstruction Partners, Inc.	5.38B	112.13	60.94	54.2%	3.62%	11.16%	2.85%	1.85
GVAGranite Construction Incorporated	5.28B	120.98	46.18	14.2%	4.31%	15.14%	6.06%	0.77
STRLSterling Infrastructure, Inc.	10.33B	336.31	40.67	7.28%	14.14%	29.1%	4.03%	0.45
ONEGOneConstruction Group Limited	32.48M	2.03	25.44	-16.16%	1.69%	10.11%		2.00
VATEINNOVATE Corp.	74.83M	5.48	-2.01	-22.2%	-7.7%
TPCTutor Perini Corporation	3.96B	75.17	-24.02	11.51%	-0.25%	-1.01%	11.76%	0.46
SKBLSkyline Builders Group Holding Limited	44.08M	3.73		-5.76%	1.58%	12.51%		1.42

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	542.35M	568.21M	680.1M	783.24M	785.68M	910.74M	1.3B	1.56B	1.82B	2.81B
Revenue Growth %	-	0.05%	0.2%	0.15%	0%	0.16%	0.43%	0.2%	0.17%	0.54%
Cost of Goods Sold+	467.46M	477.24M	580.56M	665.28M	663.47M	793.95M	1.16B	1.36B	1.57B	2.37B
COGS % of Revenue	0.86%	0.84%	0.85%	0.85%	0.84%	0.87%	0.89%	0.87%	0.86%	0.84%
Gross Profit+	74.88M	90.97M	99.54M	117.95M	122.21M	116.79M	137.12M	198.98M	258.5M	439.09M
Gross Margin %	0.14%	0.16%	0.15%	0.15%	0.16%	0.13%	0.11%	0.13%	0.14%	0.16%
Gross Profit Growth %	-	0.21%	0.09%	0.19%	0.04%	-0.04%	0.17%	0.45%	0.3%	0.7%
Operating Expenses+	40.43M	47.87M	55.1M	62.52M	68.4M	86.22M	107.16M	126.65M	150M	199.29M
OpEx % of Revenue	0.07%	0.08%	0.08%	0.08%	0.09%	0.09%	0.08%	0.08%	0.08%	0.07%
Selling, General & Admin	40.43M	47.87M	55.1M	62.52M	68.4M	86.22M	107.16M	126.65M	150M	199.29M
SG&A % of Revenue	0.07%	0.08%	0.08%	0.08%	0.09%	0.09%	0.08%	0.08%	0.08%	0.07%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	34.45M	43.1M	44.43M	55.43M	53.81M	30.57M	29.95M	72.33M	108.5M	239.8M
Operating Margin %	0.06%	0.08%	0.07%	0.07%	0.07%	0.03%	0.02%	0.05%	0.06%	0.09%
Operating Income Growth %	-	0.25%	0.03%	0.25%	-0.03%	-0.43%	-0.02%	1.41%	0.5%	1.21%
EBITDA+	55.98M	64.18M	69.75M	86.66M	93.12M	80.38M	95.68M	151.44M	201.42M	388.07M
EBITDA Margin %	0.1%	0.11%	0.1%	0.11%	0.12%	0.09%	0.07%	0.1%	0.11%	0.14%
EBITDA Growth %	-	0.15%	0.09%	0.24%	0.07%	-0.14%	0.19%	0.58%	0.33%	0.93%
D&A (Non-Cash Add-back)	21.53M	21.07M	25.32M	31.23M	39.3M	49.81M	65.73M	79.1M	92.92M	148.27M
EBIT	37.23M	44.74M	61.33M	57.55M	55.57M	30.92M	36.88M	91.05M	121.8M	224.9M
Net Interest Income+	-4.66M	-3.96M	-1.27M	-1.86M	-3.11M	-2.41M	-8.56M	-25.64M	-29.7M	-90.36M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	4.66M	3.96M	1.27M	1.86M	3.11M	2.41M	8.56M	25.64M	29.7M	90.36M
Other Income/Expense	-1.89M	-2.32M	16.88M	1.6M	-758K	-2.05M	-1.66M	-6.93M	-16.41M	-105.28M
Pretax Income+	32.56M	40.78M	61.32M	57.03M	53.06M	28.53M	28.29M	65.4M	92.1M	134.53M
Pretax Margin %	0.06%	0.07%	0.09%	0.07%	0.07%	0.03%	0.02%	0.04%	0.05%	0.05%
Income Tax+	10.54M	14.74M	10.53M	13.91M	12.76M	8.35M	6.92M	16.4M	23.16M	32.75M
Effective Tax Rate %	0.68%	0.64%	0.83%	0.76%	0.76%	0.71%	0.76%	0.75%	0.75%	0.76%
Net Income+	22.02M	26.04M	50.79M	43.12M	40.3M	20.18M	21.38M	49M	68.94M	101.77M
Net Margin %	0.04%	0.05%	0.07%	0.06%	0.05%	0.02%	0.02%	0.03%	0.04%	0.04%
Net Income Growth %	-	0.18%	0.95%	-0.15%	-0.07%	-0.5%	0.06%	1.29%	0.41%	0.48%
Net Income (Continuing)	22.02M	26.04M	50.79M	43.12M	40.3M	20.18M	21.38M	49M	68.94M	101.78M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.43	0.51	1.11	0.84	0.78	0.39	0.41	0.94	1.31	1.84
EPS Growth %	-	0.19%	1.18%	-0.24%	-0.07%	-0.5%	0.05%	1.29%	0.39%	0.4%
EPS (Basic)	0.43	0.51	1.11	0.84	0.78	0.39	0.41	0.95	1.33	1.85
Diluted Shares Outstanding	50.82M	50.82M	45.92M	51.43M	51.64M	51.77M	51.96M	52.26M	52.58M	55.37M
Basic Shares Outstanding	50.82M	50.82M	45.61M	51.42M	51.49M	51.64M	51.77M	51.83M	51.88M	54.94M
Dividend Payout Ratio	-	1.2%	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	176.93M	175.13M	267.45M	279.97M	331.56M	300.03M	417.19M	473.42M	585.01M	934.83M
Cash & Short-Term Investments	51.09M	27.55M	99.14M	80.62M	148.32M	57.25M	35.53M	48.24M	74.69M	156.06M
Cash Only	51.09M	27.55M	99.14M	80.62M	148.32M	57.25M	35.53M	48.24M	74.69M	156.06M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	110.26M	125.58M	137.5M	159.62M	139.64M	181.19M	294.48M	331M	376.78M	595.22M
Days Sales Outstanding	74.2	80.67	73.79	74.38	64.87	72.62	82.57	77.27	75.4	77.25
Inventory	13.24M	17.49M	24.56M	34.29M	38.56M	53.79M	74.19M	84.04M	106.7M	155.13M
Days Inventory Outstanding	10.34	13.37	15.44	18.81	21.21	24.73	23.25	22.48	24.88	23.86
Other Current Assets	2.34M	3.02M	1.27M	2.4M	1.43M	2.35M	5.76M	5.87M	16.67M	10.38M
Total Non-Current Assets+	141.35M	153.42M	228.85M	251.8M	296.55M	506.59M	678.33M	746.24M	957.13M	2.3B
Property, Plant & Equipment	104.34M	115.91M	178.69M	205.87M	244.61M	411.37M	495.4M	519.58M	668.86M	1.23B
Fixed Asset Turnover	5.20x	4.90x	3.81x	3.80x	3.21x	2.21x	2.63x	3.01x	2.73x	2.29x
Goodwill	29.96M	30.6M	32.92M	38.55M	46.35M	85.42M	129.47M	159.27M	231.66M	943.31M
Intangible Assets	2.85M	2.55M	3.73M	3.43M	3.22M	4.16M	15.98M	19.52M	20.55M	79.23M
Long-Term Investments	0	0	1.66M	496K	198K	108K	87K	87K	84K	72K
Other Non-Current Assets	2.2M	2.48M	10.27M	2.28M	1.78M	5.53M	37.41M	47.78M	35.98M	51.99M
Total Assets+	318.28M	328.55M	496.31M	531.77M	628.11M	806.62M	1.1B	1.22B	1.54B	3.24B
Asset Turnover	1.70x	1.73x	1.37x	1.47x	1.25x	1.13x	1.19x	1.28x	1.18x	0.87x
Asset Growth %	-	0.03%	0.51%	0.07%	0.18%	0.28%	0.36%	0.11%	0.26%	1.1%
Total Current Liabilities+	100.04M	114.55M	134.54M	128.17M	135.83M	157.96M	226.14M	279.18M	380.45M	582.05M
Accounts Payable	40.76M	52.4M	63.51M	70.44M	64.73M	86.39M	130.47M	151.41M	182.57M	284.22M
Days Payables Outstanding	31.83	40.08	39.93	38.65	35.61	39.72	40.89	40.5	42.57	43.71
Short-Term Debt	14.86M	10M	14.77M	7.54M	13M	10M	12.5M	15M	26.56M	38.5M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	4.72M	5.47M	2.97M	2.14M	2.56M	3.71M	12.42M	8.56M	9.03M	61.34M
Current Ratio	1.77x	1.53x	1.99x	2.18x	2.44x	1.90x	1.84x	1.70x	1.54x	1.61x
Quick Ratio	1.64x	1.38x	1.81x	1.92x	2.16x	1.56x	1.52x	1.39x	1.26x	1.34x
Cash Conversion Cycle	52.72	53.96	49.3	54.55	50.48	57.63	64.94	59.25	57.71	57.4
Total Non-Current Liabilities+	61.96M	61.82M	62.3M	60.05M	107.09M	239.76M	413.5M	423.91M	587.94M	1.74B
Long-Term Debt	46.1M	47.14M	48.12M	42.46M	79.05M	206.18M	363.07M	360.74M	486.96M	1.57B
Capital Lease Obligations	0	0	0	0	5.55M	5.3M	12.06M	12.65M	30.66M	57.2M
Deferred Tax Liabilities	8.94M	9.67M	8.89M	11.48M	14M	17.36M	26.71M	37.12M	53.85M	80.08M
Other Non-Current Liabilities	6.92M	5.02M	5.29M	6.11M	8.48M	10.92M	11.67M	13.4M	16.47M	33.95M
Total Liabilities	162M	176.37M	196.84M	188.22M	242.92M	397.72M	639.64M	703.09M	968.39M	2.33B
Total Debt+	60.96M	57.14M	62.89M	50M	99.65M	222.87M	389.83M	390.73M	553.25M	1.69B
Net Debt	9.88M	29.59M	-36.25M	-30.62M	-48.66M	165.62M	354.3M	342.48M	478.56M	1.53B
Debt / Equity	0.39x	0.38x	0.21x	0.15x	0.26x	0.55x	0.86x	0.76x	0.96x	1.85x
Debt / EBITDA	1.09x	0.89x	0.90x	0.58x	1.07x	2.77x	4.07x	2.58x	2.75x	4.35x
Net Debt / EBITDA	0.18x	0.46x	-0.52x	-0.35x	-0.52x	2.06x	3.70x	2.26x	2.38x	3.95x
Interest Coverage	7.39x	10.88x	34.99x	29.78x	17.29x	12.70x	3.50x	2.82x	3.65x	2.65x
Total Equity+	156.28M	152.18M	299.47M	343.55M	385.19M	408.9M	455.88M	516.57M	573.74M	911.96M
Equity Growth %	-	-0.03%	0.97%	0.15%	0.12%	0.06%	0.11%	0.13%	0.11%	0.59%
Book Value per Share	3.08	2.99	6.52	6.68	7.46	7.90	8.77	9.88	10.91	16.47
Total Shareholders' Equity	156.28M	152.18M	299.47M	343.55M	385.19M	408.9M	455.88M	516.57M	573.74M	911.96M
Common Stock	45K	45K	54K	55K	55K	56K	56K	56K	56K	59K
Retained Earnings	26.99M	21.73M	72.53M	115.65M	155.72M	175.9M	197.27M	246.28M	315.21M	416.99M
Treasury Stock	-12.62M	-11.98M	-15.6M	-15.6M	-15.6M	-15.6M	-15.64M	-15.78M	-27.09M	-50.63M
Accumulated OCI	0	0	0	0	0	-23K	17.62M	18.69M	7.5M	4.37M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	51.69M	46.93M	66.12M	55.27M	105.17M	48.5M	16.5M	157.16M	209.08M	291.3M
Operating CF Margin %	0.1%	0.08%	0.1%	0.07%	0.13%	0.05%	0.01%	0.1%	0.11%	0.1%
Operating CF Growth %	-	-0.09%	0.41%	-0.16%	0.9%	-0.54%	-0.66%	8.53%	0.33%	0.39%
Net Income	22.02M	26.04M	50.79M	43.12M	40.3M	20.18M	21.38M	49M	68.94M	101.78M
Depreciation & Amortization	19.27M	20.67M	25.32M	28.98M	40.23M	45.43M	65.73M	79.1M	92.92M	148.27M
Stock-Based Compensation	217K	513K	975K	957K	1.57M	3.55M	8M	10.76M	14.41M	37.01M
Deferred Taxes	8.15M	865K	-481K	3M	3.31M	3.75M	5.97M	11.16M	22.68M	27.46M
Other Non-Cash Items	912K	660K	-2.95M	109K	165K	229K	-4.72M	-11.57M	-3.69M	-7.1M
Working Capital Changes	1.13M	-1.82M	-7.53M	-20.89M	19.6M	-24.63M	-79.85M	18.7M	13.82M	-16.12M
Change in Receivables	-13.69M	-19.62M	9.27M	-20.59M	7.41M	-27.07M	-97.08M	-25.96M	-1.1M	-66.74M
Change in Inventory	3.3M	-3.06M	-2.75M	-8.83M	-1.18M	-3.93M	-17.51M	-7.32M	-15.48M	-5.15M
Change in Payables	-10.53M	11.64M	7.46M	6.93M	-5.71M	20.2M	41.32M	17.22M	13.43M	47.47M
Cash from Investing+	-19M	-30.69M	-89.59M	-60.23M	-79.36M	-263.41M	-197.33M	-143.37M	-307.58M	-1.28B
Capital Expenditures	-24.86M	-24.4M	-42.8M	-42.48M	-52.57M	-56.33M	-68.85M	-97.81M	-87.93M	-137.93M
CapEx % of Revenue	0.05%	0.04%	0.06%	0.05%	0.07%	0.06%	0.05%	0.06%	0.05%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	4.56M	5.33M	-3.89M	3.4M	3.65M	7.53M	43.33M	14.06M	17.77M
Cash from Financing+	-20.88M	-39.78M	95.06M	-13.57M	41.89M	123.85M	159.14M	-264K	126.11M	1.07B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-31.29M	-21.92M	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-4.94M	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	26.84M	22.53M	23.32M	12.79M	52.6M	-7.83M	-52.35M	59.35M	121.15M	153.37M
FCF Margin %	0.05%	0.04%	0.03%	0.02%	0.07%	-0.01%	-0.04%	0.04%	0.07%	0.05%
FCF Growth %	-	-0.16%	0.04%	-0.45%	3.11%	-1.15%	-5.68%	2.13%	1.04%	0.27%
FCF per Share	0.53	0.44	0.51	0.25	1.02	-0.15	-1.01	1.14	2.30	2.77
FCF Conversion (FCF/Net Income)	2.35x	1.80x	1.30x	1.28x	2.61x	2.40x	0.77x	3.21x	3.03x	2.86x
Interest Paid	4.31M	3.31M	2.34M	2.64M	2.04M	3.2M	9.29M	19.16M	0	80.58M
Taxes Paid	2.57M	12.53M	14.36M	9.12M	9.9M	6.22M	1.37M	1.01M	5.45M	5.51M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	14.09%	16.88%	22.49%	13.41%	11.06%	5.08%	4.94%	10.08%	12.65%	13.7%
Return on Invested Capital (ROIC)	15.55%	18.58%	14.98%	14.43%	12.43%	5.03%	3.24%	6.5%	8.52%	10.28%
Gross Margin	13.81%	16.01%	14.64%	15.06%	15.55%	12.82%	10.53%	12.73%	14.17%	15.61%
Net Margin	4.06%	4.58%	7.47%	5.51%	5.13%	2.22%	1.64%	3.13%	3.78%	3.62%
Debt / Equity	0.39x	0.38x	0.21x	0.15x	0.26x	0.55x	0.86x	0.76x	0.96x	1.85x
Interest Coverage	7.39x	10.88x	34.99x	29.78x	17.29x	12.70x	3.50x	2.82x	3.65x	2.65x
FCF Conversion	2.35x	1.80x	1.30x	1.28x	2.61x	2.40x	0.77x	3.21x	3.03x	2.86x
Revenue Growth	-	4.77%	19.69%	15.17%	0.31%	15.92%	42.93%	20.12%	16.65%	54.2%

Frequently Asked Questions

Valuation & Price

Construction Partners, Inc. (ROAD) has a price-to-earnings (P/E) ratio of 60.9x. This suggests investors expect higher future growth.

Growth & Financials

Construction Partners, Inc. (ROAD) reported $2.81B in revenue for fiscal year 2025. This represents a 419% increase from $542.3M in 2016.

Construction Partners, Inc. (ROAD) grew revenue by 54.2% over the past year. This is strong growth.

Yes, Construction Partners, Inc. (ROAD) is profitable, generating $101.8M in net income for fiscal year 2025 (3.6% net margin).

Dividend & Returns

Construction Partners, Inc. (ROAD) has a return on equity (ROE) of 13.7%. This is reasonable for most industries.

Construction Partners, Inc. (ROAD) generated $153.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

Construction Partners, Inc. (ROAD) 10-Year Financial Performance & Capital Metrics

ROAD • • Industrial / General

IndustrialsEngineering & ConstructionHeavy Civil ConstructionRoad & Highway Construction

Revenue $2.81B +54.2%
EBITDA $388M +92.7%
Net Income $102M +47.6%
EPS (Diluted) 1.84 +40.5%
Gross Margin 15.61% +10.2%
EBITDA Margin 13.8% +25.0%
Operating Margin 8.53% +43.3%
Net Margin 3.62% -4.3%
ROE 13.7% +8.3%
ROIC 10.28% +20.8%
Debt/Equity 1.85 +92.1%
Interest Coverage 2.65 -27.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 20.4%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 29.1%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y29.05%

3Y29.28%

TTM54.2%

Profit (Net Income) CAGR

10Y-

5Y20.36%

3Y68.23%

TTM47.65%

EPS CAGR

10Y-

5Y18.73%

3Y64.95%

TTM21610.71%

ROCE

10Y Avg11.78%

5Y Avg8.04%

3Y Avg10.29%

Latest12.56%

Peer Comparison

Road & Highway Construction

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ROADConstruction Partners, Inc.	5.38B	112.13	60.94	54.2%	3.62%	11.16%	2.85%	1.85
GVAGranite Construction Incorporated	5.28B	120.98	46.18	14.2%	4.31%	15.14%	6.06%	0.77
STRLSterling Infrastructure, Inc.	10.33B	336.31	40.67	7.28%	14.14%	29.1%	4.03%	0.45
ONEGOneConstruction Group Limited	32.48M	2.03	25.44	-16.16%	1.69%	10.11%		2.00
VATEINNOVATE Corp.	74.83M	5.48	-2.01	-22.2%	-7.7%
TPCTutor Perini Corporation	3.96B	75.17	-24.02	11.51%	-0.25%	-1.01%	11.76%	0.46
SKBLSkyline Builders Group Holding Limited	44.08M	3.73		-5.76%	1.58%	12.51%		1.42

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	542.35M	568.21M	680.1M	783.24M	785.68M	910.74M	1.3B	1.56B	1.82B	2.81B
Revenue Growth %	-	0.05%	0.2%	0.15%	0%	0.16%	0.43%	0.2%	0.17%	0.54%
Cost of Goods Sold+	467.46M	477.24M	580.56M	665.28M	663.47M	793.95M	1.16B	1.36B	1.57B	2.37B
COGS % of Revenue	0.86%	0.84%	0.85%	0.85%	0.84%	0.87%	0.89%	0.87%	0.86%	0.84%
Gross Profit+	74.88M	90.97M	99.54M	117.95M	122.21M	116.79M	137.12M	198.98M	258.5M	439.09M
Gross Margin %	0.14%	0.16%	0.15%	0.15%	0.16%	0.13%	0.11%	0.13%	0.14%	0.16%
Gross Profit Growth %	-	0.21%	0.09%	0.19%	0.04%	-0.04%	0.17%	0.45%	0.3%	0.7%
Operating Expenses+	40.43M	47.87M	55.1M	62.52M	68.4M	86.22M	107.16M	126.65M	150M	199.29M
OpEx % of Revenue	0.07%	0.08%	0.08%	0.08%	0.09%	0.09%	0.08%	0.08%	0.08%	0.07%
Selling, General & Admin	40.43M	47.87M	55.1M	62.52M	68.4M	86.22M	107.16M	126.65M	150M	199.29M
SG&A % of Revenue	0.07%	0.08%	0.08%	0.08%	0.09%	0.09%	0.08%	0.08%	0.08%	0.07%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	34.45M	43.1M	44.43M	55.43M	53.81M	30.57M	29.95M	72.33M	108.5M	239.8M
Operating Margin %	0.06%	0.08%	0.07%	0.07%	0.07%	0.03%	0.02%	0.05%	0.06%	0.09%
Operating Income Growth %	-	0.25%	0.03%	0.25%	-0.03%	-0.43%	-0.02%	1.41%	0.5%	1.21%
EBITDA+	55.98M	64.18M	69.75M	86.66M	93.12M	80.38M	95.68M	151.44M	201.42M	388.07M
EBITDA Margin %	0.1%	0.11%	0.1%	0.11%	0.12%	0.09%	0.07%	0.1%	0.11%	0.14%
EBITDA Growth %	-	0.15%	0.09%	0.24%	0.07%	-0.14%	0.19%	0.58%	0.33%	0.93%
D&A (Non-Cash Add-back)	21.53M	21.07M	25.32M	31.23M	39.3M	49.81M	65.73M	79.1M	92.92M	148.27M
EBIT	37.23M	44.74M	61.33M	57.55M	55.57M	30.92M	36.88M	91.05M	121.8M	224.9M
Net Interest Income+	-4.66M	-3.96M	-1.27M	-1.86M	-3.11M	-2.41M	-8.56M	-25.64M	-29.7M	-90.36M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	4.66M	3.96M	1.27M	1.86M	3.11M	2.41M	8.56M	25.64M	29.7M	90.36M
Other Income/Expense	-1.89M	-2.32M	16.88M	1.6M	-758K	-2.05M	-1.66M	-6.93M	-16.41M	-105.28M
Pretax Income+	32.56M	40.78M	61.32M	57.03M	53.06M	28.53M	28.29M	65.4M	92.1M	134.53M
Pretax Margin %	0.06%	0.07%	0.09%	0.07%	0.07%	0.03%	0.02%	0.04%	0.05%	0.05%
Income Tax+	10.54M	14.74M	10.53M	13.91M	12.76M	8.35M	6.92M	16.4M	23.16M	32.75M
Effective Tax Rate %	0.68%	0.64%	0.83%	0.76%	0.76%	0.71%	0.76%	0.75%	0.75%	0.76%
Net Income+	22.02M	26.04M	50.79M	43.12M	40.3M	20.18M	21.38M	49M	68.94M	101.77M
Net Margin %	0.04%	0.05%	0.07%	0.06%	0.05%	0.02%	0.02%	0.03%	0.04%	0.04%
Net Income Growth %	-	0.18%	0.95%	-0.15%	-0.07%	-0.5%	0.06%	1.29%	0.41%	0.48%
Net Income (Continuing)	22.02M	26.04M	50.79M	43.12M	40.3M	20.18M	21.38M	49M	68.94M	101.78M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.43	0.51	1.11	0.84	0.78	0.39	0.41	0.94	1.31	1.84
EPS Growth %	-	0.19%	1.18%	-0.24%	-0.07%	-0.5%	0.05%	1.29%	0.39%	0.4%
EPS (Basic)	0.43	0.51	1.11	0.84	0.78	0.39	0.41	0.95	1.33	1.85
Diluted Shares Outstanding	50.82M	50.82M	45.92M	51.43M	51.64M	51.77M	51.96M	52.26M	52.58M	55.37M
Basic Shares Outstanding	50.82M	50.82M	45.61M	51.42M	51.49M	51.64M	51.77M	51.83M	51.88M	54.94M
Dividend Payout Ratio	-	1.2%	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	176.93M	175.13M	267.45M	279.97M	331.56M	300.03M	417.19M	473.42M	585.01M	934.83M
Cash & Short-Term Investments	51.09M	27.55M	99.14M	80.62M	148.32M	57.25M	35.53M	48.24M	74.69M	156.06M
Cash Only	51.09M	27.55M	99.14M	80.62M	148.32M	57.25M	35.53M	48.24M	74.69M	156.06M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	110.26M	125.58M	137.5M	159.62M	139.64M	181.19M	294.48M	331M	376.78M	595.22M
Days Sales Outstanding	74.2	80.67	73.79	74.38	64.87	72.62	82.57	77.27	75.4	77.25
Inventory	13.24M	17.49M	24.56M	34.29M	38.56M	53.79M	74.19M	84.04M	106.7M	155.13M
Days Inventory Outstanding	10.34	13.37	15.44	18.81	21.21	24.73	23.25	22.48	24.88	23.86
Other Current Assets	2.34M	3.02M	1.27M	2.4M	1.43M	2.35M	5.76M	5.87M	16.67M	10.38M
Total Non-Current Assets+	141.35M	153.42M	228.85M	251.8M	296.55M	506.59M	678.33M	746.24M	957.13M	2.3B
Property, Plant & Equipment	104.34M	115.91M	178.69M	205.87M	244.61M	411.37M	495.4M	519.58M	668.86M	1.23B
Fixed Asset Turnover	5.20x	4.90x	3.81x	3.80x	3.21x	2.21x	2.63x	3.01x	2.73x	2.29x
Goodwill	29.96M	30.6M	32.92M	38.55M	46.35M	85.42M	129.47M	159.27M	231.66M	943.31M
Intangible Assets	2.85M	2.55M	3.73M	3.43M	3.22M	4.16M	15.98M	19.52M	20.55M	79.23M
Long-Term Investments	0	0	1.66M	496K	198K	108K	87K	87K	84K	72K
Other Non-Current Assets	2.2M	2.48M	10.27M	2.28M	1.78M	5.53M	37.41M	47.78M	35.98M	51.99M
Total Assets+	318.28M	328.55M	496.31M	531.77M	628.11M	806.62M	1.1B	1.22B	1.54B	3.24B
Asset Turnover	1.70x	1.73x	1.37x	1.47x	1.25x	1.13x	1.19x	1.28x	1.18x	0.87x
Asset Growth %	-	0.03%	0.51%	0.07%	0.18%	0.28%	0.36%	0.11%	0.26%	1.1%
Total Current Liabilities+	100.04M	114.55M	134.54M	128.17M	135.83M	157.96M	226.14M	279.18M	380.45M	582.05M
Accounts Payable	40.76M	52.4M	63.51M	70.44M	64.73M	86.39M	130.47M	151.41M	182.57M	284.22M
Days Payables Outstanding	31.83	40.08	39.93	38.65	35.61	39.72	40.89	40.5	42.57	43.71
Short-Term Debt	14.86M	10M	14.77M	7.54M	13M	10M	12.5M	15M	26.56M	38.5M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	4.72M	5.47M	2.97M	2.14M	2.56M	3.71M	12.42M	8.56M	9.03M	61.34M
Current Ratio	1.77x	1.53x	1.99x	2.18x	2.44x	1.90x	1.84x	1.70x	1.54x	1.61x
Quick Ratio	1.64x	1.38x	1.81x	1.92x	2.16x	1.56x	1.52x	1.39x	1.26x	1.34x
Cash Conversion Cycle	52.72	53.96	49.3	54.55	50.48	57.63	64.94	59.25	57.71	57.4
Total Non-Current Liabilities+	61.96M	61.82M	62.3M	60.05M	107.09M	239.76M	413.5M	423.91M	587.94M	1.74B
Long-Term Debt	46.1M	47.14M	48.12M	42.46M	79.05M	206.18M	363.07M	360.74M	486.96M	1.57B
Capital Lease Obligations	0	0	0	0	5.55M	5.3M	12.06M	12.65M	30.66M	57.2M
Deferred Tax Liabilities	8.94M	9.67M	8.89M	11.48M	14M	17.36M	26.71M	37.12M	53.85M	80.08M
Other Non-Current Liabilities	6.92M	5.02M	5.29M	6.11M	8.48M	10.92M	11.67M	13.4M	16.47M	33.95M
Total Liabilities	162M	176.37M	196.84M	188.22M	242.92M	397.72M	639.64M	703.09M	968.39M	2.33B
Total Debt+	60.96M	57.14M	62.89M	50M	99.65M	222.87M	389.83M	390.73M	553.25M	1.69B
Net Debt	9.88M	29.59M	-36.25M	-30.62M	-48.66M	165.62M	354.3M	342.48M	478.56M	1.53B
Debt / Equity	0.39x	0.38x	0.21x	0.15x	0.26x	0.55x	0.86x	0.76x	0.96x	1.85x
Debt / EBITDA	1.09x	0.89x	0.90x	0.58x	1.07x	2.77x	4.07x	2.58x	2.75x	4.35x
Net Debt / EBITDA	0.18x	0.46x	-0.52x	-0.35x	-0.52x	2.06x	3.70x	2.26x	2.38x	3.95x
Interest Coverage	7.39x	10.88x	34.99x	29.78x	17.29x	12.70x	3.50x	2.82x	3.65x	2.65x
Total Equity+	156.28M	152.18M	299.47M	343.55M	385.19M	408.9M	455.88M	516.57M	573.74M	911.96M
Equity Growth %	-	-0.03%	0.97%	0.15%	0.12%	0.06%	0.11%	0.13%	0.11%	0.59%
Book Value per Share	3.08	2.99	6.52	6.68	7.46	7.90	8.77	9.88	10.91	16.47
Total Shareholders' Equity	156.28M	152.18M	299.47M	343.55M	385.19M	408.9M	455.88M	516.57M	573.74M	911.96M
Common Stock	45K	45K	54K	55K	55K	56K	56K	56K	56K	59K
Retained Earnings	26.99M	21.73M	72.53M	115.65M	155.72M	175.9M	197.27M	246.28M	315.21M	416.99M
Treasury Stock	-12.62M	-11.98M	-15.6M	-15.6M	-15.6M	-15.6M	-15.64M	-15.78M	-27.09M	-50.63M
Accumulated OCI	0	0	0	0	0	-23K	17.62M	18.69M	7.5M	4.37M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	51.69M	46.93M	66.12M	55.27M	105.17M	48.5M	16.5M	157.16M	209.08M	291.3M
Operating CF Margin %	0.1%	0.08%	0.1%	0.07%	0.13%	0.05%	0.01%	0.1%	0.11%	0.1%
Operating CF Growth %	-	-0.09%	0.41%	-0.16%	0.9%	-0.54%	-0.66%	8.53%	0.33%	0.39%
Net Income	22.02M	26.04M	50.79M	43.12M	40.3M	20.18M	21.38M	49M	68.94M	101.78M
Depreciation & Amortization	19.27M	20.67M	25.32M	28.98M	40.23M	45.43M	65.73M	79.1M	92.92M	148.27M
Stock-Based Compensation	217K	513K	975K	957K	1.57M	3.55M	8M	10.76M	14.41M	37.01M
Deferred Taxes	8.15M	865K	-481K	3M	3.31M	3.75M	5.97M	11.16M	22.68M	27.46M
Other Non-Cash Items	912K	660K	-2.95M	109K	165K	229K	-4.72M	-11.57M	-3.69M	-7.1M
Working Capital Changes	1.13M	-1.82M	-7.53M	-20.89M	19.6M	-24.63M	-79.85M	18.7M	13.82M	-16.12M
Change in Receivables	-13.69M	-19.62M	9.27M	-20.59M	7.41M	-27.07M	-97.08M	-25.96M	-1.1M	-66.74M
Change in Inventory	3.3M	-3.06M	-2.75M	-8.83M	-1.18M	-3.93M	-17.51M	-7.32M	-15.48M	-5.15M
Change in Payables	-10.53M	11.64M	7.46M	6.93M	-5.71M	20.2M	41.32M	17.22M	13.43M	47.47M
Cash from Investing+	-19M	-30.69M	-89.59M	-60.23M	-79.36M	-263.41M	-197.33M	-143.37M	-307.58M	-1.28B
Capital Expenditures	-24.86M	-24.4M	-42.8M	-42.48M	-52.57M	-56.33M	-68.85M	-97.81M	-87.93M	-137.93M
CapEx % of Revenue	0.05%	0.04%	0.06%	0.05%	0.07%	0.06%	0.05%	0.06%	0.05%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	4.56M	5.33M	-3.89M	3.4M	3.65M	7.53M	43.33M	14.06M	17.77M
Cash from Financing+	-20.88M	-39.78M	95.06M	-13.57M	41.89M	123.85M	159.14M	-264K	126.11M	1.07B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-31.29M	-21.92M	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-4.94M	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	26.84M	22.53M	23.32M	12.79M	52.6M	-7.83M	-52.35M	59.35M	121.15M	153.37M
FCF Margin %	0.05%	0.04%	0.03%	0.02%	0.07%	-0.01%	-0.04%	0.04%	0.07%	0.05%
FCF Growth %	-	-0.16%	0.04%	-0.45%	3.11%	-1.15%	-5.68%	2.13%	1.04%	0.27%
FCF per Share	0.53	0.44	0.51	0.25	1.02	-0.15	-1.01	1.14	2.30	2.77
FCF Conversion (FCF/Net Income)	2.35x	1.80x	1.30x	1.28x	2.61x	2.40x	0.77x	3.21x	3.03x	2.86x
Interest Paid	4.31M	3.31M	2.34M	2.64M	2.04M	3.2M	9.29M	19.16M	0	80.58M
Taxes Paid	2.57M	12.53M	14.36M	9.12M	9.9M	6.22M	1.37M	1.01M	5.45M	5.51M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	14.09%	16.88%	22.49%	13.41%	11.06%	5.08%	4.94%	10.08%	12.65%	13.7%
Return on Invested Capital (ROIC)	15.55%	18.58%	14.98%	14.43%	12.43%	5.03%	3.24%	6.5%	8.52%	10.28%
Gross Margin	13.81%	16.01%	14.64%	15.06%	15.55%	12.82%	10.53%	12.73%	14.17%	15.61%
Net Margin	4.06%	4.58%	7.47%	5.51%	5.13%	2.22%	1.64%	3.13%	3.78%	3.62%
Debt / Equity	0.39x	0.38x	0.21x	0.15x	0.26x	0.55x	0.86x	0.76x	0.96x	1.85x
Interest Coverage	7.39x	10.88x	34.99x	29.78x	17.29x	12.70x	3.50x	2.82x	3.65x	2.65x
FCF Conversion	2.35x	1.80x	1.30x	1.28x	2.61x	2.40x	0.77x	3.21x	3.03x	2.86x
Revenue Growth	-	4.77%	19.69%	15.17%	0.31%	15.92%	42.93%	20.12%	16.65%	54.2%

Frequently Asked Questions

Valuation & Price

Construction Partners, Inc. (ROAD) has a price-to-earnings (P/E) ratio of 60.9x. This suggests investors expect higher future growth.

Growth & Financials

Construction Partners, Inc. (ROAD) reported $2.81B in revenue for fiscal year 2025. This represents a 419% increase from $542.3M in 2016.

Construction Partners, Inc. (ROAD) grew revenue by 54.2% over the past year. This is strong growth.

Yes, Construction Partners, Inc. (ROAD) is profitable, generating $101.8M in net income for fiscal year 2025 (3.6% net margin).

Dividend & Returns

Construction Partners, Inc. (ROAD) has a return on equity (ROE) of 13.7%. This is reasonable for most industries.

Construction Partners, Inc. (ROAD) generated $153.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.