NASDAQ : ROAD
Construction Partners, Inc. — Financial statements
Industrials · Engineering & Construction · United States
Last price 91.71 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 5.21B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Construction Partners, Inc. (ROAD) reported revenue of 3.48B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.48B | 2.81B | 1.82B | 1.56B | 1.30B | 910.74M |
| Cost of Revenue | 2.93B | 2.37B | 1.57B | 1.37B | 1.16B | 790.80M |
| Gross Profit | 548.10M | 439.09M | 258.25M | 196.38M | 139.30M | 119.94M |
| Selling, General & Admin | 223.08M | 176.79M | 146.11M | 126.20M | 106.76M | 85.26M |
| Other Operating Expenses | -6.30M | -7.83M | -10.63M | -8.30M | -862.00K | -4.00K |
| Operating Expenses | 216.78M | 168.96M | 135.48M | 117.91M | 105.90M | 85.26M |
| Operating Income | 331.33M | 270.13M | 122.78M | 78.48M | 33.40M | 34.68M |
| Interest Expense | -114.95M | -98.18M | -29.70M | -25.64M | -8.56M | -2.41M |
| Earnings From Equity Investments | -1.00K | -12.00K | -3.00K | -21.00K | 10.00K | |
| Other Non Operating Income (Expenses) | -355.00K | 86.00K | -70.00K | 875.00K | 600.00K | -1.44M |
| EBT Excluding Unusual Items | 216.02M | 172.02M | 93.00M | 53.71M | 25.42M | 30.84M |
| Merger & Restructuring Charges | -42.11M | -48.40M | -5.39M | -742.00K | -800.00K | |
| Gain (Loss) on Sale of Assets | 15.03M | 10.91M | 4.48M | 12.44M | 3.67M | 2.04M |
| Legal Settlements | -4.36M | |||||
| Pretax Income | 188.94M | 134.53M | 92.10M | 65.40M | 28.29M | 28.53M |
| Income Tax Expense | 46.43M | 32.75M | 23.16M | 16.40M | 6.92M | 8.35M |
| Earnings From Continuing Operations | 101.78M | 68.94M | 49.00M | 21.38M | 20.18M | |
| Net Income | 142.51M | 101.78M | 68.94M | 49.00M | 21.38M | 20.18M |
| Net Income to Common | 142.51M | 101.78M | 68.94M | 49.00M | 21.38M | 20.18M |
| Shares Outstanding (Basic) | 55.71M | 54.94M | 51.88M | 51.83M | 51.77M | 51.64M |
| Shares Outstanding (Diluted) | 56.03M | 55.37M | 52.57M | 52.26M | 51.96M | 51.77M |
| EPS (Basic) | 2.56 | 1.85 | 1.33 | 0.95 | 0.41 | 0.39 |
| EPS (Diluted) | 2.54 | 1.84 | 1.31 | 0.94 | 0.41 | 0.39 |
| Free Cash Flow | 175.56M | 153.37M | 121.15M | 59.35M | -52.35M | -7.83M |
| Free Cash Flow Per Share | 3.13 | 2.77 | 2.30 | 1.14 | -1.01 | -0.15 |
| Gross Margin | 15.76% | 15.61% | 14.16% | 12.56% | 10.70% | 13.17% |
| Operating Margin | 9.53% | 9.61% | 6.73% | 5.02% | 2.57% | 3.81% |
| Profit Margin | 4.10% | 3.62% | 3.78% | 3.13% | 1.64% | 2.21% |
| Free Cash Flow Margin | 5.05% | 5.45% | 6.64% | 3.80% | -4.02% | -0.86% |
| EBITDA | 507.13M | 418.40M | 215.70M | 157.58M | 99.13M | 84.48M |
| EBITDA Margin | 14.58% | 14.88% | 11.83% | 10.08% | 7.62% | 9.28% |
| D&A For EBITDA | 175.81M | 148.27M | 92.92M | 79.10M | 65.73M | 49.81M |
| EBIT | 331.33M | 270.13M | 122.78M | 78.48M | 33.40M | 34.68M |
| EBIT Margin | 9.53% | 9.61% | 6.73% | 5.02% | 2.57% | 3.81% |
| Effective Tax Rate | 24.57% | 24.34% | 25.15% | 25.08% | 24.44% | 29.27% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 94.55M | 156.06M | 74.69M | 48.24M | 35.53M | 57.25M |
| Cash & Short-Term Investments | 94.55M | 156.06M | 74.69M | 48.24M | 35.53M | 57.25M |
| Receivables | 654.52M | 595.22M | 376.78M | 331.00M | 294.48M | 181.19M |
| Inventory | 185.27M | 155.13M | 106.70M | 84.04M | 74.19M | 53.79M |
| Prepaid Expenses | 26.75M | 18.03M | 10.17M | 4.27M | 7.22M | 5.44M |
| Restricted Cash | 112.00K | 2.95M | 2.00M | 837.00K | 28.00K | |
| Other Current Assets | 71.00K | 7.43M | 14.67M | 5.03M | 5.74M | 2.35M |
| Total Current Assets | 961.27M | 934.83M | 585.01M | 473.42M | 417.19M | 300.03M |
| Property, Plant & Equipment | 1.40B | 1.23B | 668.86M | 519.58M | 495.40M | 411.37M |
| Long-Term Investments | 6.23M | 7.99M | 11.73M | 27.00M | 24.81M | 108.00K |
| Goodwill | 1.14B | 943.31M | 231.66M | 159.27M | 129.47M | 85.42M |
| Other Intangible Assets | 74.37M | 79.23M | 20.55M | 19.52M | 15.98M | 4.16M |
| Other Long-Term Assets | 30.27M | 43.45M | 23.72M | 20.00M | 11.57M | 4.17M |
| Total Assets | 3.61B | 3.24B | 1.54B | 1.22B | 1.10B | 806.62M |
| Accounts Payable | 319.89M | 284.22M | 182.57M | 151.41M | 130.47M | 86.39M |
| Accrued Expenses | 72.95M | 48.82M | 33.16M | 22.98M | 16.06M | 22.75M |
| Current Portion of Long-Term Debt | 41.50M | 38.50M | 26.56M | 15.00M | 12.50M | 10.10M |
| Current Portion of Leases | 30.34M | 19.87M | 9.06M | 2.34M | 2.21M | 1.40M |
| Current Unearned Revenue | 149.34M | 129.30M | 120.06M | 78.91M | 52.48M | 33.72M |
| Other Current Liabilities | 61.34M | 9.03M | 8.56M | 12.42M | 3.62M | |
| Total Current Liabilities | 614.01M | 582.05M | 380.45M | 279.18M | 226.14M | 157.96M |
| Long-Term Debt | 1.74B | 1.57B | 486.96M | 360.74M | 363.07M | 206.92M |
| Long-Term Leases | 75.08M | 57.20M | 30.66M | 12.65M | 12.06M | 5.30M |
| Long-Term Deferred Tax Liabilities | 102.28M | 80.08M | 53.85M | 37.12M | 26.71M | 17.36M |
| Other Long-Term Liabilities | 35.24M | 33.95M | 16.47M | 13.40M | 11.67M | 10.17M |
| Total Liabilities | 2.57B | 2.33B | 968.39M | 703.09M | 639.64M | 397.72M |
| Common Stock | 60.00K | 59.00K | 56.00K | 56.00K | 56.00K | 56.00K |
| Additional Paid-In Capital | 615.51M | 541.18M | 278.06M | 267.33M | 256.57M | 248.57M |
| Retained Earnings | 502.93M | 416.99M | 315.21M | 246.28M | 197.27M | 175.90M |
| Treasury Stock | -80.41M | -50.63M | -27.09M | -15.78M | -15.64M | -15.60M |
| Comprehensive Income & Other | 2.64M | 4.37M | 7.50M | 18.69M | 17.62M | -23.00K |
| Shareholders' Equity | 1.04B | 911.96M | 573.74M | 516.57M | 455.88M | 408.90M |
| Total Liabilities & Equity | 3.61B | 3.24B | 1.54B | 1.22B | 1.10B | 806.62M |
| Total Debt | 1.89B | 1.69B | 553.25M | 390.73M | 389.83M | 223.72M |
| Net Cash (Debt) | -1.80B | -1.53B | -478.56M | -342.48M | -354.30M | -166.47M |
| Net Cash Per Share | -32.07 | -27.69 | -9.10 | -6.55 | -6.82 | -3.22 |
| Filing Date Shares Outstanding | 56.76M | 56.53M | 55.88M | 52.71M | 52.69M | 52.37M |
| Total Common Shares Outstanding | 56.47M | 55.94M | 52.68M | 52.73M | 52.55M | 52.29M |
| Working Capital | 347.26M | 352.78M | 204.55M | 194.24M | 191.05M | 142.06M |
| Book Value Per Share | 18.43 | 16.30 | 10.89 | 9.80 | 8.68 | 7.82 |
| Tangible Book Value | -172.96M | -110.58M | 321.54M | 337.78M | 310.44M | 319.31M |
| Tangible Book Value Per Share | -3.06 | -1.98 | 6.10 | 6.41 | 5.91 | 6.11 |
| Land | 228.62M | 202.12M | 94.18M | 76.40M | 59.45M | 53.41M |
| Buildings | 69.40M | 54.58M | 39.84M | 36.88M | 32.57M | 27.16M |
| Machinery | 1.34B | 1.19B | 833.87M | 663.71M | 577.32M | 483.56M |
| Construction In Progress | 63.85M | 28.76M | 18.27M | 15.89M | 23.79M | 3.71M |
| Leasehold Improvements | 1.62M | 1.43M | 1.27M | 1.27M | 1.23M | 1.23M |
| Order Backlog | 3.00B | 2.00B | 1.40B | 966.20M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 142.51M | 101.78M | 68.94M | 49.00M | 21.38M | 20.18M |
| Depreciation & Amortization | 175.81M | 148.27M | 92.92M | 79.10M | 65.73M | 49.81M |
| Other Amortization | 2.46M | 3.83M | 362.00K | 299.00K | 216.00K | 275.00K |
| Loss (Gain) From Sale of Assets | -15.03M | -10.91M | -4.48M | -12.44M | -3.67M | -2.04M |
| Loss (Gain) From Sale of Investments | 21.00K | 84.00K | 53.00K | 30.00K | ||
| Loss (Gain) on Equity Investments | 72.00K | 12.00K | 3.00K | 21.00K | 90.00K | |
| Stock-Based Compensation | 40.24M | 37.01M | 14.41M | 10.76M | 8.00M | 3.55M |
| Provision & Write-off of Bad Debts | 774.00K | 478.00K | 491.00K | 456.00K | -947.00K | 784.00K |
| Other Operating Activities | 49.88M | 26.87M | 22.57M | 11.24M | 5.62M | 490.00K |
| Change in Accounts Receivable | -75.48M | -66.74M | -1.10M | -23.39M | -103.20M | -42.22M |
| Change in Inventory | -18.55M | -5.15M | -15.48M | -7.32M | -17.51M | -3.93M |
| Change in Accounts Payable | 47.52M | 47.47M | 13.43M | 17.22M | 41.32M | 20.20M |
| Change in Unearned Revenue | 12.40M | -5.59M | 24.87M | 24.10M | 15.63M | 15.00K |
| Change in Other Net Operating Assets | -9.78M | 13.89M | -7.91M | 8.09M | -16.09M | 1.31M |
| Operating Cash Flow | 352.84M | 291.30M | 209.08M | 157.16M | 16.50M | 48.50M |
| Capital Expenditures | -177.28M | -137.93M | -87.93M | -97.81M | -68.85M | -56.33M |
| Sale of Property, Plant & Equipment | 30.92M | 17.77M | 14.06M | 17.70M | 7.53M | 3.65M |
| Cash Acquisitions | -556.92M | -1.16B | -231.78M | -91.79M | -128.57M | -210.73M |
| Other Investing Activities | 11.23M | -4.87M | -1.94M | 28.53M | -7.43M | |
| Investing Cash Flow | -692.06M | -1.28B | -307.58M | -143.37M | -197.33M | -263.41M |
| Long-Term Debt Issued | 1.24B | 210.24M | 103.00M | 167.30M | 219.20M | |
| Long-Term Debt Repaid | -147.35M | -72.81M | -103.12M | -8.12M | -95.35M | |
| Net Debt Issued (Repaid) | 352.57M | 1.09B | 137.42M | -125.00K | 159.18M | 123.85M |
| Repurchase of Common Stock | -32.51M | -23.54M | -11.31M | -139.00K | -39.00K | |
| Other Financing Activities | -2.49M | |||||
| Financing Cash Flow | 317.57M | 1.07B | 126.11M | -264.00K | 159.14M | 123.85M |
| Net Cash Flow | -21.65M | 82.33M | 27.60M | 13.52M | -21.69M | -91.06M |
| Free Cash Flow | 175.56M | 153.37M | 121.15M | 59.35M | -52.35M | -7.83M |
| Free Cash Flow Margin | 5.05% | 5.45% | 6.64% | 3.80% | -4.02% | -0.86% |
| Free Cash Flow Per Share | 3.13 | 2.77 | 2.30 | 1.14 | -1.01 | -0.15 |
| Levered Free Cash Flow | 52.44M | 70.63M | 76.40M | 32.26M | -53.31M | -16.37M |
| Unlevered Free Cash Flow | 121.83M | 128.16M | 94.60M | 47.99M | -48.17M | -15.14M |
| Cash Interest Paid | 102.66M | 80.58M | 21.68M | 19.16M | 9.29M | 3.20M |
| Cash Income Tax Paid | 7.13M | 5.51M | 5.45M | 1.01M | 1.37M | 6.22M |
| Change in Working Capital | -43.88M | -16.12M | 13.82M | 18.70M | -79.85M | -24.63M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.48B | 7.12B | 3.68B | 1.93B | 1.38B | 1.74B |
| Enterprise Value | 7.28B | 8.51B | 4.14B | 2.31B | 1.72B | 1.82B |
| Last Close Price | 96.61 | 127.00 | 69.80 | 36.56 | 26.23 | 33.37 |
| PE Ratio | 37.99 | 69.99 | 53.42 | 39.34 | 64.48 | 86.48 |
| Forward PE | 27.79 | 45.08 | 42.09 | 32.37 | 33.12 | 37.20 |
| PS Ratio | 1.58 | 2.53 | 2.02 | 1.23 | 1.06 | 1.92 |
| PB Ratio | 5.24 | 7.81 | 6.42 | 3.73 | 3.02 | 4.27 |
| P/TBV Ratio | 11.45 | 5.71 | 4.44 | 5.46 | ||
| P/FCF Ratio | 31.23 | 46.45 | 30.40 | 32.48 | ||
| P/OCF Ratio | 15.54 | 24.45 | 17.61 | 12.27 | 83.54 | 35.98 |
| PEG Ratio | 0.86 | 1.09 | 1.36 | 0.83 | 0.99 | 2.90 |
| EV/Sales Ratio | 2.09 | 3.03 | 2.27 | 1.48 | 1.32 | 2.00 |
| EV/EBITDA Ratio | 14.36 | 20.34 | 19.19 | 14.66 | 17.32 | 21.51 |
| EV/EBIT Ratio | 21.97 | 31.51 | 33.71 | 29.44 | 51.41 | 52.39 |
| EV/FCF Ratio | 41.47 | 55.49 | 34.16 | 38.93 | ||
| Debt / Equity Ratio | 1.82 | 1.85 | 0.96 | 0.76 | 0.85 | 0.55 |
| Debt / EBITDA Ratio | 3.30 | 3.62 | 2.24 | 2.13 | 3.17 | 2.23 |
| Debt / FCF Ratio | 10.78 | 11.01 | 4.57 | 6.58 | ||
| Net Debt / Equity Ratio | 1.73 | 1.68 | 0.83 | 0.66 | 0.78 | 0.41 |
| Net Debt / EBITDA Ratio | 3.54 | 3.66 | 2.22 | 2.17 | 3.57 | 1.97 |
| Net Debt / FCF Ratio | 10.24 | 10.00 | 3.95 | 5.77 | -6.77 | -21.25 |
| Asset Turnover | 1.06 | 1.18 | 1.32 | 1.35 | 1.37 | 1.27 |
| Inventory Turnover | 17.55 | 18.13 | 16.42 | 17.28 | 18.16 | 17.13 |
| Quick Ratio | 1.22 | 1.29 | 1.19 | 1.36 | 1.46 | 1.51 |
| Current Ratio | 1.57 | 1.61 | 1.54 | 1.70 | 1.84 | 1.90 |
| Return on Equity (ROE) | 15.05% | 13.70% | 12.65% | 10.08% | 4.94% | 5.08% |
| Return on Assets (ROA) | 6.33% | 7.06% | 5.56% | 4.24% | 2.20% | 3.02% |
| Return on Invested Capital (ROIC) | 8.95% | 11.69% | 9.62% | 7.04% | 3.64% | 5.37% |
| Return on Capital Employed (ROCE) | 11.10% | 10.20% | 10.60% | 8.30% | 3.80% | 5.30% |
| Earnings Yield | 2.63% | 1.43% | 1.87% | 2.54% | 1.55% | 1.16% |
| FCF Yield | 3.20% | 2.15% | 3.29% | 3.08% | -3.80% | -0.45% |
| Buyback Yield / Dilution | -2.58% | -5.32% | -0.60% | -0.58% | -0.36% | -0.26% |