ROAD · Construction Partners, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.81B | $1.82B | $1.56B | $1.30B | $785.68M | $785.68M |
| Cost of Revenue | $2.37B | $1.57B | $1.37B | $1.16B | $790.80M | $663.47M |
| Gross Profit | $439.09M | $258.25M | $196.38M | $139.30M | $119.94M | $122.21M |
| R&D | - | - | - | - | - | - |
| SG&A | $199.29M | $151.50M | $126.95M | $107.56M | $91.88M | $68.60M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $80.00M | $92.60M | $80.00M | $65.73M | $49.81M | $39.30M |
| Operating Income | $224.81M | $111.24M | $81.88M | $35.41M | $30.10M | $55.23M |
| Interest Expense | $19.07M | - | - | - | $1.30M | - |
| Income Tax | $32.75M | $23.16M | $16.40M | $6.92M | $8.35M | $12.76M |
| Net Income | $101.78M | $68.94M | $49.00M | $21.38M | $20.18M | $40.30M |
| EPS - Basic | $1.85 | $1.33 | $0.95 | $0.41 | $0.39 | $0.78 |
| EPS - Diluted | $1.84 | $1.31 | $0.94 | $0.41 | $0.39 | $0.78 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $156.06M | $74.69M | $48.24M | $35.53M | $57.25M | $148.32M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | $155.13M | $106.70M | $84.04M | $74.19M | $53.79M | $38.56M |
| Accounts Payable | $284.22M | $182.57M | $151.41M | $130.47M | $86.39M | $64.73M |
| Current Assets | $934.83M | $585.01M | $473.42M | $417.19M | $300.03M | $331.56M |
| Total Assets | $3.24B | $1.54B | $1.22B | $1.10B | $806.62M | $628.11M |
| Current Liabilities | $582.05M | $380.45M | $279.18M | $226.14M | $157.96M | $135.83M |
| Long-term Debt | $1.57B | $486.96M | $360.74M | $363.07M | $206.18M | $79.05M |
| Total Liabilities | $2.33B | $968.39M | $703.09M | $639.64M | $397.72M | $242.92M |
| Stockholders' Equity | $911.96M | $573.74M | $516.57M | $455.88M | $408.90M | $385.19M |
| Retained Earnings | $416.99M | $315.21M | $246.28M | $197.27M | $175.90M | $155.72M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $291.30M | $209.08M | $157.16M | $16.50M | $48.50M | $105.17M |
| Investing Cash Flow | ($1.28B) | ($307.58M) | ($143.37M) | ($197.33M) | ($263.41M) | ($79.36M) |
| Financing Cash Flow | $1.07B | $126.11M | ($264.0K) | $159.14M | $123.85M | $41.89M |
| CapEx | $137.93M | $87.93M | $97.81M | $68.85M | $56.33M | $52.57M |
| Free Cash Flow | $153.37M | $121.15M | $59.35M | ($52.35M) | ($7.83M) | $52.60M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 15.6% | 14.2% | 12.6% | 10.7% | 15.3% | 15.6% |
| Operating margin | 8.0% | 6.1% | 5.2% | 2.7% | 3.8% | 7.0% |
| EBITDA margin | 10.8% | 11.2% | 10.4% | 7.8% | 10.2% | 12.0% |
| Net margin | 3.6% | 3.8% | 3.1% | 1.6% | 2.6% | 5.1% |
| Free cash flow margin | 5.5% | 6.6% | 3.8% | -4.0% | -1.0% | 6.7% |
| FCF / Net income | 1.51 | 1.76 | 1.21 | -2.45 | -0.39 | 1.31 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 7.1% | 8.3% | 8.1% | 8.3% | 11.7% | 8.7% |
| Effective tax rate | 24.3% | 25.1% | 25.1% | 24.4% | 29.3% | 24.0% |
| Return on assets | 3.1% | 4.5% | 4.0% | 2.0% | 2.5% | 6.4% |
| Return on equity | 11.2% | 12.0% | 9.5% | 4.7% | 4.9% | 10.5% |
| Return on invested capital | 6.8% | 7.8% | 7.0% | 3.3% | 3.5% | 9.0% |
| Liquidity | ||||||
| Current ratio | 1.61 | 1.54 | 1.70 | 1.84 | 1.90 | 2.44 |
| Quick ratio | 1.34 | 1.26 | 1.39 | 1.52 | 1.56 | 2.16 |
| Cash ratio | 0.27 | 0.20 | 0.17 | 0.16 | 0.36 | 1.09 |
| Leverage | ||||||
| Debt / Equity | 1.73 | 0.85 | 0.70 | 0.80 | 0.50 | 0.21 |
| Debt / Assets | 0.49 | 0.32 | 0.30 | 0.33 | 0.26 | 0.13 |
| Debt / EBITDA | 5.16 | 2.39 | 2.23 | 3.59 | 2.58 | 0.84 |
| Interest coverage | 11.8x | - | - | - | 23.2x | - |
| Equity multiplier | 3.55 | 2.69 | 2.36 | 2.40 | 1.97 | 1.63 |
| Liabilities / Assets | 0.72 | 0.63 | 0.58 | 0.58 | 0.49 | 0.39 |
| Efficiency | ||||||
| Asset turnover | 0.87 | 1.18 | 1.28 | 1.19 | 0.97 | 1.25 |
| Inventory turnover | 15.30 | 14.67 | 16.27 | 15.67 | 14.70 | 17.21 |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | 24d | 25d | 22d | 23d | 25d | 21d |
| Days payable outstanding | 44d | 43d | 40d | 41d | 40d | 36d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 69.0x | 53.3x | 38.9x | 64.0x | 85.6x | 23.3x |
| P / B | 7.7x | 6.4x | 3.7x | 3.0x | 4.2x | 2.4x |
| P / S | 2.5x | 2.0x | 1.2x | 1.0x | 2.2x | 1.2x |
| EV / EBITDA | 27.7x | 20.0x | 13.7x | 16.7x | 23.5x | 9.2x |
| Growth | ||||||
| Revenue growth (YoY) | 54.2% | 16.7% | 20.1% | 65.7% | 0.0% | 0.3% |
| Revenue CAGR (3y) | 29.3% | 32.4% | 25.8% | 18.5% | 11.4% | - |
| Revenue CAGR (5y) | 29.1% | 18.4% | 22.4% | - | - | - |
| Gross profit growth (YoY) | 70.0% | 31.5% | 41.0% | 16.1% | -1.9% | 3.6% |
| Operating income growth (YoY) | 102.1% | 35.9% | 131.2% | 17.6% | -45.5% | -3.3% |
| Net income growth (YoY) | 47.6% | 40.7% | 129.2% | 5.9% | -49.9% | -6.5% |
| EPS growth (YoY) | 40.5% | 39.4% | 129.3% | 5.1% | -50.0% | -7.1% |
| EPS CAGR (3y) | 64.9% | 49.8% | 6.4% | -21.3% | -14.8% | - |
| EPS CAGR (5y) | 18.7% | 9.3% | 8.3% | - | - | - |
| FCF growth (YoY) | 26.6% | 104.1% | - | -568.4% | - | 311.1% |
| FCF CAGR (5y) | 23.9% | 56.8% | 21.4% | - | - | - |
| Book value growth (YoY) | 59.0% | 11.1% | 13.3% | 11.5% | 6.2% | 12.1% |
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.43
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Heavy Construction Other Than Bldg Const - Contractors
Comparing Construction Partners against the 5 most active filers in the same SIC group.