Construction Partners, Inc.

ROAD Industrials Engineering & Construction

Construction Partners, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $2.8 billion, up 54.2% from fiscal 2024.

Revenue
+28.3%
EPS
+33.8%
Free cash flow
−19.7%
Total debt
+24.8%

Quarter to June 2026, against a year earlier

77.74 21.50 −21.66%
Market cap
$4.4B
P/E
30.2×
Fwd P/E
31.2×
Dividend yield
—
F-score
5/9
Altman Z
3.21
Beneish M
−2.06
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 15.32%

Capital & Financial Ratios $m

Size
Market Cap 4,400.00
Revenue ttm 3,477.93
Net income ttm 142.51
Free cash flow ttm 206.48
Net debt Q 1,691.51
Valuation
P/E 30.25
Forward P/E 31.20
Price / sales 1.25
Forward P/S Powerpack
Price / FCF 21.05
Price / book 4.18
Financial health
Current ratio Q 1.57 (at or above 1.5: strong)
Debt / equity Q 1.72
Interest coverage Q 3.61
Growth
Revenue growth Q +28.25% (above 0%: growing)
Operating income growth Q +31.88% (above 0%: growing)
EPS, this year +34.99% (at or above 15%: strong)
EPS, next year A +22.00% (at or above 15%: strong)
Revenue, next year A +30.46% (at or above 10%: strong)
EPS, past 5 yrs +18.73% (at or above 15%: strong)
EPS, next 5 yrs A +26.37% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 36.68%
10-year low 10-year high
P/S against its own 10 years 42.31%
10-year low 10-year high
P/B against its own 10 years 61.05%
10-year low 10-year high
EV/Sales against its own 10 years 55.35%
10-year low 10-year high
EV/FCF against its own 10 years 28.20%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 49 77 159 95
Receivables 304 351 550 593
Inventory 84 107 155 185
Other 37 51 71 88
473 585 935 961
2023 2024 2025 Q'26
Payables 151 183 284 320
ST’ Debt 15 27 39 42
Other 79 120 129 149
279 380 582 614

Compound Annual Growth %

10y 5y 3y
Sales — 29.05% 29.28%
Cash Flow — 22.60% 160.40%
Earnings — 20.36% 68.23%
Book Value — 18.81% 26.00%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Dec Mar Jun Sep Year
’26 0.31 0.16 1.06 — —
’25 (0.06) 0.08 0.79 1.02 1.84
’24 0.19 (0.02) 0.59 0.56 1.31
’23 0.04 (0.11) 0.41 0.59 0.94
’22 0.11 (0.18) 0.23 0.25 0.41
’21 0.15 (0.10) 0.18 0.15 0.39
’20 0.11 0.03 0.30 0.34 0.78
Fiscal quarters ending in the months shown.

Revenue $m

Dec Mar Jun Sep Year
’26 809 769 999 — —
’25 562 572 779 900 2,812
’24 397 371 518 538 1,824
’23 342 325 422 475 1,564
’22 285 243 380 393 1,302
’21 191 179 262 279 911
’20 175 169 217 225 786
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 83 65 93 — —
’25 41 56 83 112 291
’24 60 18 35 96 209
’23 29 17 49 63 157
’22 (1) 4 (13) 26 16
’21 1 2 7 39 49
’20 2 19 31 54 105
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 53 27 41 — —
’25 16 18 52 85 171
’24 36 (8) 23 84 135
’23 35 (5) 35 49 114
’22 (15) (13) (30) 13 (45)
’21 (9) (14) (4) 24 (4)
’20 (21) 9 25 44 56
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 542 568 680 783 786 911 1,302 1,564 1,824 2,812 3,478 +20.1% 3,669 4,103 4,425 +16.3%
Gross margin, % 13.81 16.01 14.64 15.06 15.55 13.17 10.70 12.56 14.16 15.61 15.76 +1.8 pt
EBT 33 41 60 56 52 29 28 65 92 135 189 +17.1%
EBT margin, % 6.00 7.18 8.83 7.11 6.68 3.13 2.18 4.18 5.05 4.78 5.43 (1.2) pt
Net income 22 26 51 43 40 20 21 49 69 102 143 +18.5%
Per share, $
Per share, $ Revenue 12.61 13.68 14.91 15.23 15.26 17.64 25.14 30.17 35.15 51.19 62.21 +16.8%
Earnings 0.51 0.63 1.11 0.84 0.78 0.39 0.41 0.95 1.33 1.85 2.57 +15.3%
Cash flow 1.20 1.13 1.45 1.07 2.04 0.94 0.32 3.03 4.03 5.30 6.31 +17.9%
Capex (0.44) (0.48) (0.83) (0.74) (0.96) (1.02) (1.18) (0.83) (1.42) (2.19) (2.62) +19.4%
Free cash flow 0.76 0.65 0.62 0.34 1.08 (0.08) (0.87) 2.20 2.61 3.11 3.69 +17.0%
Book value 3.63 3.66 6.57 6.68 7.48 7.92 8.81 9.97 11.06 16.60 18.62 +18.4%
Shares, m 43 42 46 51 51 52 52 52 52 55 56 +2.8%
Valuation, ×
Valuation, × P/E 14.63 16.01 10.60 18.77 23.04 87.82 63.98 38.23 52.09 68.65 30.25 39.4
P/S 0.00 0.96 0.79 1.02 1.19 1.89 1.04 1.20 1.99 2.48 1.25 1.3
P/B 0.00 2.88 1.80 2.33 2.43 4.21 2.98 3.64 6.31 7.65 4.18 3.4
EV/Sales 0.00 1.00 0.74 0.98 1.12 2.07 1.30 1.41 2.23 3.00 1.74 1.4
EV/FCF 0.00 20.91 17.78 44.67 15.83 (450.47) (37.88) 19.37 30.02 49.26 29.24 (29.1)
Cash, $m
Cash, $m Operating cash flow 52 47 66 55 105 49 16 157 209 291 353 +21.2%
Capex (19) (20) (38) (38) (50) (53) (61) (43) (74) (120) (146) +22.7%
Free cash flow 33 27 28 17 56 (4) (45) 114 135 171 206 +20.2%
Balance, $m
Balance, $m Working capital 77 61 133 152 196 142 191 194 205 353 347 +18.4%
Net debt 10 30 (36) (31) (56) 159 340 327 437 1,453 1,692 +74.1%
Shareholders’ equity 156 152 299 344 385 409 456 517 574 912 1,041 +21.7%
Returns, %
Returns, % ROA 6.81 8.05 12.32 8.39 6.95 2.81 2.25 4.23 4.99 4.26 4.36 (2.5) pt
ROIC 14.09 16.02 14.59 11.41 10.49 3.31 2.78 6.07 6.88 5.94 6.82 (8.1) pt
ROE 14.28 16.88 22.49 13.41 11.06 5.08 4.94 10.08 12.64 13.70 15.05 (0.6) pt
People
People Employees — 527 572 628 2,289 2,960 3,790 4,014 4,920 6,412 — +36.7%
Revenue/emp, $m 0.00 1.08 1.19 1.25 0.34 0.31 0.34 0.39 0.37 0.44 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Construction Partners, Inc. vs peers in Engineering & Construction (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FLR Fluor Corporation $6.0B — (loss-making) 13.2× +8.82% (above 0%: growing) −94.46% (below 0%: shrinking) −825.71% (below 0%: shrinking) 4.13% 3.12% Compare
IESC IES Holdings, Inc. $5.9B 12.8× 17.8× +39.60% (above 0%: growing) +98.70% (above 0%: growing) −14.63% (below 0%: shrinking) 27.41% 14.37% Compare
DY Dycom Industries, Inc. $5.8B 17.4× 20.0× +45.57% (above 0%: growing) +13.95% (above 0%: growing) +106.51% (above 0%: growing) 21.96% 9.57% Compare
GVA Granite Construction Incorporated $5.3B — (loss-making) — (loss-making) +23.22% (above 0%: growing) −97.02% (below 0%: shrinking) −9.92% (below 0%: shrinking) 19.01% 12.70% Compare
KBR KBR, Inc. $4.8B 10.8× 11.0× +5.02% (above 0%: growing) +19.93% (above 0%: growing) −14.21% (below 0%: shrinking) 14.84% 9.17% Compare
ROAD Construction Partners, Inc. $4.4B 30.2× 31.2× +28.25% (above 0%: growing) +33.75% (above 0%: growing) −19.66% (below 0%: shrinking) 16.85% 10.94%
TPC Tutor Perini Corporation $4.3B 30.5× 20.2× +21.54% (above 0%: growing) +457.14% (above 0%: growing) +21.22% (above 0%: growing) 12.87% 7.29% Compare
EXPO Exponent, Inc. $4.1B 36.8× 34.0× +18.09% (above 0%: growing) +16.89% (above 0%: growing) −14.24% (below 0%: shrinking) 88.10% 24.10% Compare
MYRG MYR Group, Inc. $3.8B 19.9× 21.2× +32.47% (above 0%: growing) +86.07% (above 0%: growing) −84.04% (below 0%: shrinking) 13.60% 6.76% Compare
Median of peers $5.1B 18.7× 20.0× +22.38% +18.41% −14.22% 16.93% 9.37%

All 51 Engineering & Construction stocks →

Pay and ownership Proxy statement filed 27 January 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 6.41m 14.28m 697.80
2024 3.10m 8.54m 383.52
2023 2.45m 4.04m 200.88
2022 2.36m 1.38m 144.12
2021 3.94m 5.00m 183.35
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Construction Partners, Inc. (ROAD) Latest News

19 Oct

5 Oct

Impact 4 · · PR Newswire

29 Sep

Impact 3 · · Trefis

20 Aug

14 Aug

Impact 3 · · The Motley Fool transcript

ROAD metrics, ten years each

stockrow.com/ROAD · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com