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 | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $769.20M | $809.47M | $779.28M | $571.65M | $561.58M | $517.79M | $371.43M | $396.50M | $421.89M | $324.85M |
| Cost of Revenue | $670.34M | $687.97M | $647.47M | $500.30M | $485.01M | $434.30M | $332.63M | $344.63M | $357.82M | $298.57M |
| Gross Profit | $98.85M | $121.50M | $131.81M | $71.35M | $76.57M | $83.49M | $38.80M | $51.88M | $64.07M | $26.28M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $63.60M | $61.50M | $51.03M | $46.66M | $44.27M | $38.93M | $36.75M | $35.98M | $32.23M | $31.99M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $44.20M | $43.00M | $38.20M | $23.10M | $30.30M | $23.50M | $23.10M | $21.00M | $20.20M | $20.40M |
| Operating Income | $37.38M | $50.41M | $82.94M | $27.29M | $13.81M | $45.66M | $3.08M | $16.73M | $33.34M | ($2.55M) |
| Interest Expense | $25.59M | $27.37M | $4.67M | $4.57M | $18.13M | - | - | - | - | - |
| Income Tax | $2.89M | $5.58M | $13.90M | $1.31M | ($849.0K) | $10.11M | ($321.0K) | $3.12M | $7.12M | ($1.47M) |
| Net Income | $9.18M | $17.20M | $44.05M | $4.21M | ($3.05M) | $30.91M | ($1.12M) | $9.84M | $21.68M | ($5.48M) |
| EPS - Basic | $0.16 | $0.31 | $0.80 | $0.08 | ($0.06) | $0.60 | ($0.02) | $0.19 | $0.42 | ($0.11) |
| EPS - Diluted | $0.16 | $0.31 | $0.79 | $0.08 | ($0.06) | $0.59 | ($0.02) | $0.19 | $0.41 | ($0.11) |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $76.86M | $104.09M | $156.06M | $101.86M | $132.50M | $74.69M | $47.96M | $68.74M | $48.24M | $30.51M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $176.80M | $170.02M | $155.13M | $146.90M | $145.21M | $106.70M | $102.75M | $96.66M | $84.04M | $86.20M |
| Accounts Payable | $290.35M | $221.20M | $284.22M | $199.21M | $171.61M | $182.57M | $141.52M | $131.75M | $151.41M | $121.42M |
| Current Assets | $862.39M | $809.12M | $934.83M | $729.51M | $723.12M | $585.01M | $475.46M | $461.37M | $473.42M | $406.12M |
| Total Assets | $3.44B | $3.36B | $3.24B | $2.75B | $2.57B | $1.54B | $1.31B | $1.28B | $1.22B | $1.14B |
| Current Liabilities | $564.31M | $508.23M | $582.05M | $513.61M | $469.75M | $380.45M | $290.15M | $262.93M | $279.18M | $225.33M |
| Long-term Debt | $1.71B | $1.70B | $1.57B | $1.32B | $1.18B | $486.96M | $423.39M | $427.06M | $360.74M | $408.97M |
| Total Liabilities | $2.46B | $2.39B | $2.33B | $1.95B | $1.76B | $968.39M | $788.42M | $754.99M | $703.09M | $688.13M |
| Stockholders' Equity | $979.38M | $969.15M | $911.96M | $807.87M | $811.07M | $573.74M | $524.98M | $521.16M | $516.57M | $452.69M |
| Retained Earnings | $443.38M | $434.20M | $416.99M | $316.37M | $312.16M | $315.21M | $254.99M | $256.12M | $246.28M | $193.69M |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $82.57M | - | - | $40.66M | - | - | $60.38M | - | - |
| Investing Cash Flow | - | ($242.85M) | - | - | ($679.03M) | - | - | ($104.66M) | - | - |
| Financing Cash Flow | - | $105.46M | - | - | $694.75M | - | - | $64.91M | - | - |
| CapEx | - | $35.47M | - | - | $26.83M | - | - | $26.78M | - | - |
| Free Cash Flow | - | $47.10M | - | - | $13.83M | - | - | $33.59M | - | - |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 12.9% | 15.0% | 16.9% | 12.5% | 13.6% | 16.1% | 10.4% | 13.1% | 15.2% | 8.1% |
| Operating margin | 4.9% | 6.2% | 10.6% | 4.8% | 2.5% | 8.8% | 0.8% | 4.2% | 7.9% | -0.8% |
| EBITDA margin | 10.6% | 11.5% | 15.5% | 8.8% | 7.9% | 13.4% | 7.0% | 9.5% | 12.7% | 5.5% |
| Net margin | 1.2% | 2.1% | 5.7% | 0.7% | -0.5% | 6.0% | -0.3% | 2.5% | 5.1% | -1.7% |
| Free cash flow margin | - | 5.8% | - | - | 2.5% | - | - | 8.5% | - | - |
| FCF / Net income | - | 2.74 | - | - | -4.53 | - | - | 3.41 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 8.3% | 7.6% | 6.5% | 8.2% | 7.9% | 7.5% | 9.9% | 9.1% | 7.6% | 9.8% |
| Effective tax rate | 23.9% | 24.5% | 24.0% | 23.7% | - | 24.6% | - | 24.1% | 24.7% | - |
| Return on assets | 0.3% | 0.5% | 1.4% | 0.2% | -0.1% | 2.0% | -0.1% | 0.8% | 1.8% | -0.5% |
| Return on equity | 0.9% | 1.8% | 4.8% | 0.5% | -0.4% | 5.4% | -0.2% | 1.9% | 4.2% | -1.2% |
| Return on invested capital | 1.1% | 1.4% | 2.5% | 1.0% | 0.5% | 3.2% | 0.3% | 1.3% | 2.9% | -0.2% |
| Liquidity | ||||||||||
| Current ratio | 1.53 | 1.59 | 1.61 | 1.42 | 1.54 | 1.54 | 1.64 | 1.75 | 1.70 | 1.80 |
| Quick ratio | 1.21 | 1.26 | 1.34 | 1.13 | 1.23 | 1.26 | 1.28 | 1.39 | 1.39 | 1.42 |
| Cash ratio | 0.14 | 0.20 | 0.27 | 0.20 | 0.28 | 0.20 | 0.17 | 0.26 | 0.17 | 0.14 |
| Leverage | ||||||||||
| Debt / Equity | 1.75 | 1.76 | 1.73 | 1.63 | 1.46 | 0.85 | 0.81 | 0.82 | 0.70 | 0.90 |
| Debt / Assets | 0.50 | 0.51 | 0.49 | 0.48 | 0.46 | 0.32 | 0.32 | 0.33 | 0.30 | 0.36 |
| Debt / EBITDA | 20.97 | 18.25 | 12.99 | 26.18 | 26.82 | 7.04 | 16.17 | 11.32 | 6.74 | 22.91 |
| Interest coverage | 1.5x | 1.8x | 17.7x | 6.0x | 0.8x | - | - | - | - | - |
| Equity multiplier | 3.51 | 3.47 | 3.55 | 3.41 | 3.17 | 2.69 | 2.50 | 2.45 | 2.36 | 2.52 |
| Liabilities / Assets | 0.72 | 0.71 | 0.72 | 0.71 | 0.68 | 0.63 | 0.60 | 0.59 | 0.58 | 0.60 |
| Efficiency | ||||||||||
| Asset turnover | 0.22 | 0.24 | 0.24 | 0.21 | 0.22 | 0.34 | 0.28 | 0.31 | 0.35 | 0.28 |
| Inventory turnover | 3.79 | 4.05 | 4.17 | 3.41 | 3.34 | 4.07 | 3.24 | 3.57 | 4.26 | 3.46 |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 96d | 90d | 87d | 107d | 109d | 90d | 113d | 102d | 86d | 105d |
| Days payable outstanding | 158d | 117d | 160d | 145d | 129d | 153d | 155d | 140d | 154d | 148d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 694.5x | 350.2x | 160.8x | 898.4x | - | 118.3x | - | 229.1x | 89.2x | - |
| P / B | 6.4x | 6.3x | 7.8x | 5.0x | 5.9x | 6.4x | 5.6x | 4.4x | 3.7x | 3.1x |
| P / S | 8.1x | 7.5x | 9.1x | 7.0x | 8.5x | 7.1x | 7.9x | 5.8x | 4.5x | 4.3x |
| EV / EBITDA | 96.7x | 82.3x | 70.0x | 103.6x | 132.4x | 59.1x | 125.7x | 70.0x | 41.5x | 99.4x |
| Growth | ||||||||||
| Revenue growth (YoY) | 34.6% | 44.1% | 50.5% | 53.9% | 41.6% | 22.7% | 14.3% | 16.0% | 10.9% | 33.5% |
| Revenue CAGR (3y) | 33.3% | 33.3% | 27.0% | 32.9% | 25.4% | 25.5% | 27.5% | 27.6% | 24.8% | 24.4% |
| Revenue CAGR (5y) | 33.8% | 33.5% | 29.1% | 27.6% | 26.2% | 21.6% | 17.7% | 20.8% | 16.7% | 22.3% |
| Gross profit growth (YoY) | 38.5% | 58.7% | 57.9% | 83.9% | 47.6% | 30.3% | 47.6% | 70.1% | 44.8% | 110.3% |
| Operating income growth (YoY) | 37.0% | 265.1% | 81.7% | 786.0% | -17.5% | 36.9% | - | 164.5% | 85.2% | 77.8% |
| Net income growth (YoY) | 117.8% | - | 42.5% | - | - | 42.6% | 79.5% | 420.2% | 78.1% | 41.8% |
| EPS growth (YoY) | 100.0% | - | 33.9% | - | - | 43.9% | 81.8% | 375.0% | 78.3% | 38.9% |
| EPS CAGR (3y) | - | 97.9% | 50.9% | - | - | 48.5% | - | 8.2% | 11.0% | - |
| EPS CAGR (5y) | - | 15.6% | 21.4% | 21.7% | - | 12.3% | - | - | 22.3% | - |
| FCF growth (YoY) | - | 240.5% | - | - | -58.8% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | 27.5% | - | - |
| Book value growth (YoY) | 21.2% | 19.5% | 59.0% | 53.9% | 55.6% | 11.1% | 16.0% | 13.6% | 13.3% | 9.1% |
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.