Construction Partners, Inc. (ROAD) Financial Ratios
10 years of historical data (2016–2025) · Industrials · Engineering & Construction
EV/EBITDA
↓
23.21
+17% vs avg
5yr avg: 19.81
30Y Low7.4·High23.6
P/FCF
↑
48.72
↑+35% vs avg
5yr avg: 36.11
30Y Low17.9·High62.6
P/B Ratio
↑
8.19
↑+64% vs avg
5yr avg: 5.00
30Y Low1.9·High7.7
ROE
↑
13.7%
↓+47% vs avg
5yr avg: 9.3%
30Y Low5%·High22%
Debt/EBITDA
↑
4.35
↑+32% vs avg
5yr avg: 3.31
30Y Low0.6·High4.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ROAD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Construction Partners, Inc. trades at 73.3x earnings, 18% above its 5-year average of 62.1x, sitting at the 88th percentile of its historical range. Compared to the Industrials sector median P/E of 25.9x, the stock trades at a premium of 184%. On a free-cash-flow basis, the stock trades at 48.7x P/FCF, 35% above the 5-year average of 36.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.5B | $7.0B | $3.7B | $1.9B | $1.4B | $1.7B | $940M | $801M | $556M | — | — |
| Enterprise Value | $9.0B | $8.6B | $4.1B | $2.3B | $1.7B | $1.9B | $891M | $771M | $519M | — | — |
| P/E Ratio → | 73.34 | 69.02 | 53.28 | 38.89 | 63.98 | 85.56 | 23.33 | 18.55 | 10.90 | — | — |
| P/S Ratio | 2.66 | 2.50 | 2.01 | 1.22 | 1.05 | 1.90 | 1.20 | 1.02 | 0.82 | — | — |
| P/B Ratio | 8.19 | 7.71 | 6.40 | 3.70 | 2.99 | 4.23 | 2.44 | 2.33 | 1.86 | — | — |
| P/FCF | 48.72 | 45.85 | 30.29 | 32.19 | — | — | 17.87 | 62.62 | 23.83 | — | — |
| P/OCF | 25.65 | 24.14 | 17.55 | 12.16 | 82.61 | 35.62 | 8.94 | 14.50 | 8.40 | — | — |
P/E links to full P/E history page with 30-year chart
ROAD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Construction Partners, Inc.'s enterprise value stands at 23.2x EBITDA, 17% above its 5-year average of 19.8x. The Industrials sector median is 13.9x, placing the stock at a 67% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.05 | 2.27 | 1.44 | 1.32 | 2.08 | 1.13 | 0.98 | 0.76 | — | — |
| EV / EBITDA | 23.21 | 22.07 | 20.60 | 14.88 | 17.95 | 23.55 | 9.57 | 8.89 | 7.45 | — | — |
| EV / EBIT | 37.55 | 38.09 | 34.06 | 24.75 | 46.57 | 61.22 | 16.04 | 13.39 | 8.47 | — | — |
| EV / FCF | — | 55.85 | 34.24 | 37.97 | — | — | 16.94 | 60.23 | 22.27 | — | — |
ROAD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Construction Partners, Inc. earns an operating margin of 8.5%, above the Industrials sector average of 4.9%. Operating margins have expanded from 4.6% to 8.5% over the past 3 years, signaling improving operational efficiency. ROE of 13.7% is modest. ROIC of 10.3% represents solid returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.6% | 15.6% | 14.2% | 12.7% | 10.5% | 12.8% | 15.6% | 15.1% | 14.6% | 16.0% | 13.8% |
| Operating Margin | 8.5% | 8.5% | 5.9% | 4.6% | 2.3% | 3.4% | 6.8% | 7.1% | 6.5% | 7.6% | 6.4% |
| Net Profit Margin | 3.6% | 3.6% | 3.8% | 3.1% | 1.6% | 2.2% | 5.1% | 5.5% | 7.5% | 4.6% | 4.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.7% | 13.7% | 12.6% | 10.1% | 4.9% | 5.1% | 11.1% | 13.4% | 22.5% | 16.9% | 14.1% |
| ROA | 4.3% | 4.3% | 5.0% | 4.2% | 2.2% | 2.8% | 6.9% | 8.4% | 12.3% | 8.1% | 6.9% |
| ROIC | 10.3% | 10.3% | 8.5% | 6.5% | 3.2% | 5.0% | 12.4% | 14.4% | 15.0% | 18.6% | 15.6% |
| ROCE | 12.6% | 12.6% | 10.3% | 8.0% | 3.9% | 5.4% | 12.0% | 14.5% | 15.4% | 19.9% | 15.8% |
ROAD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Construction Partners, Inc. carries a Debt/EBITDA ratio of 4.4x, which is highly leveraged (38% above the sector average of 3.2x). Net debt stands at $1.5B ($1.7B total debt minus $156M cash). Interest coverage of just 2.7x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.85 | 1.85 | 0.96 | 0.76 | 0.86 | 0.55 | 0.26 | 0.15 | 0.21 | 0.38 | 0.39 |
| Debt / EBITDA | 4.35 | 4.35 | 2.75 | 2.58 | 4.07 | 2.77 | 1.07 | 0.58 | 0.90 | 0.89 | 1.09 |
| Net Debt / Equity | — | 1.68 | 0.83 | 0.66 | 0.78 | 0.41 | -0.13 | -0.09 | -0.12 | 0.19 | 0.06 |
| Net Debt / EBITDA | 3.95 | 3.95 | 2.38 | 2.26 | 3.70 | 2.06 | -0.52 | -0.35 | -0.52 | 0.46 | 0.18 |
| Debt / FCF | — | 10.00 | 3.95 | 5.77 | — | — | -0.93 | -2.39 | -1.55 | 1.31 | 0.37 |
| Interest Coverage | 2.65 | 2.65 | 3.65 | 2.82 | 3.50 | 12.70 | 17.29 | 29.78 | 34.99 | 10.88 | 7.39 |
ROAD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.61x means Construction Partners, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.70x to 1.61x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.61 | 1.61 | 1.54 | 1.70 | 1.84 | 1.90 | 2.44 | 2.18 | 1.99 | 1.53 | 1.77 |
| Quick Ratio | 1.34 | 1.34 | 1.26 | 1.39 | 1.52 | 1.56 | 2.16 | 1.92 | 1.81 | 1.38 | 1.64 |
| Cash Ratio | 0.27 | 0.27 | 0.20 | 0.17 | 0.16 | 0.36 | 1.09 | 0.63 | 0.74 | 0.24 | 0.51 |
| Asset Turnover | — | 0.87 | 1.18 | 1.28 | 1.19 | 1.13 | 1.25 | 1.47 | 1.37 | 1.73 | 1.70 |
| Inventory Turnover | 15.30 | 15.30 | 14.67 | 16.24 | 15.70 | 14.76 | 17.21 | 19.40 | 23.64 | 27.29 | 35.29 |
| Days Sales Outstanding | — | 77.25 | 75.40 | 77.27 | 82.57 | 72.62 | 64.87 | 74.38 | 73.79 | 80.67 | 74.20 |
ROAD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Construction Partners, Inc. returns 0.3% to shareholders annually primarily through share buybacks. The earnings yield of 1.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | 3.9% | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | 120.2% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.4% | 1.4% | 1.9% | 2.6% | 1.6% | 1.2% | 4.3% | 5.4% | 9.2% | — | — |
| FCF Yield | 2.1% | 2.2% | 3.3% | 3.1% | — | — | 5.6% | 1.6% | 4.2% | — | — |
| Buyback Yield | 0.3% | 0.3% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.5% | — | — |
| Total Shareholder Yield | 0.3% | 0.3% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 4.4% | — | — |
| Shares Outstanding | — | $55M | $53M | $52M | $52M | $52M | $52M | $51M | $46M | $51M | $51M |
Peer Comparison
Compare ROAD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ROADYou | $7B | 73.3 | 23.2 | 48.7 | 15.6% | 8.5% | 13.7% | 10.3% | 4.4 |
 PRIM | $5B | 20.2 | 12.3 | 16.1 | 10.7% | 5.5% | 17.8% | 13.6% | 2.5 |
 MYRG | $7B | 60.4 | 30.7 | 30.5 | 11.5% | 4.4% | 18.8% | 18.3% | 0.5 |
 STRL | $27B | 94.5 | 55.3 | 75.0 | 22.1% | 16.6% | 30.0% | 38.9% | 0.7 |
 GHLD | $439M | 12.8 | 21.4 | — | 90.6% | 10.1% | 8.0% | 2.4% | 19.4 |
 IESC | $13B | 44.9 | 31.3 | 61.4 | 25.5% | 11.4% | 39.7% | 37.5% | 0.4 |
 CENX | $6B | 19.0 | 31.2 | — | 8.3% | 5.5% | 66.9% | 9.7% | 2.6 |
 VMC | $38B | 36.4 | 18.7 | 33.8 | 27.3% | 20.1% | 13.0% | 8.8% | 2.3 |
 MLM | $37B | 32.7 | 19.6 | 38.0 | 30.0% | 23.3% | 11.7% | 7.6% | 2.5 |
 CRH | $77B | 20.9 | 12.4 | 30.5 | 36.1% | 14.2% | 15.7% | 10.7% | 2.6 |
 USLM | $3B | 22.9 | 14.7 | 30.0 | 48.8% | 42.4% | 23.8% | 48.5% | 0.0 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
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Includes 30+ ratios · 10 years · Updated daily
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Start ComparisonROAD — Frequently Asked Questions
Quick answers to the most common questions about buying ROAD stock.
What is Construction Partners, Inc.'s P/E ratio?
Construction Partners, Inc.'s current P/E ratio is 73.3x. The historical average is 45.4x. This places it at the 88th percentile of its historical range.
What is Construction Partners, Inc.'s EV/EBITDA?
Construction Partners, Inc.'s current EV/EBITDA is 23.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.6x.
What is Construction Partners, Inc.'s ROE?
Construction Partners, Inc.'s return on equity (ROE) is 13.7%. The historical average is 12.4%.
Is ROAD stock overvalued?
Based on historical data, Construction Partners, Inc. is trading at a P/E of 73.3x. This is at the 88th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Construction Partners, Inc.'s profit margins?
Construction Partners, Inc. has 15.6% gross margin and 8.5% operating margin.
How much debt does Construction Partners, Inc. have?
Construction Partners, Inc.'s Debt/EBITDA ratio is 4.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.