Construction Partners, Inc. (ROAD)

Nasdaq Industrials Construction & Engineering S&P SmallCap 600

$77.18

-0.35 (-0.45%)

Close of Nov 06, 2026 · end-of-day data

Source: Construction Partners, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$568.21M	$680.10M	$783.24M	$785.68M	$910.74M	$1.30B	$1.56B	$1.82B	$2.81B
Cost of revenue	$477.24M	$580.56M	$665.28M	$663.47M	$790.80M	$1.16B	$1.37B	$1.57B	$2.37B
Gross profit	$90.97M	$99.54M	$117.95M	$122.21M	$119.94M	$139.30M	$196.38M	$258.25M	$439.09M
Operating income	$46.59M	$61.43M	$57.14M	$55.23M	$30.10M	$35.41M	$81.88M	$111.24M	$224.81M
Interest expense	—	—	—	—	$1.30M	—	$17.35M	$19.07M	$90.36M
Pre-tax income	$40.78M	$60.06M	$55.69M	$52.45M	$28.52M	$28.31M	$65.40M	$92.10M	$134.54M
Income tax	$14.74M	$10.53M	$13.91M	$12.76M	$8.35M	$6.92M	$16.40M	$23.16M	$32.75M
Net income	$26.04M	$50.79M	$43.12M	$40.30M	$20.18M	$21.38M	$49.00M	$68.94M	$101.78M
EBITDA	$67.66M	$86.75M	$88.37M	$94.53M	$79.91M	$101.14M	$150.78M	$191.24M	$368.81M
EPS (basic)	$0.63	$1.11	$0.84	$0.78	$0.39	$0.41	$0.95	$1.33	$1.85
EPS (diluted)	$0.63	$1.11	$0.84	$0.78	$0.39	$0.41	$0.94	$1.31	$1.84
Diluted shares	41.55M	45.92M	51.43M	51.64M	51.77M	51.96M	52.26M	52.57M	55.37M
Gross margin	16.0%	14.6%	15.1%	15.6%	13.2%	10.7%	12.6%	14.2%	15.6%
Operating margin	8.2%	9.0%	7.3%	7.0%	3.3%	2.7%	5.2%	6.1%	8.0%
Net margin	4.6%	7.5%	5.5%	5.1%	2.2%	1.6%	3.1%	3.8%	3.6%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$27.55M	$99.14M	$80.62M	$148.32M	$57.25M	$35.53M	$48.24M	$74.69M	$156.06M
Inventory	$17.49M	$24.56M	$34.29M	$38.56M	$53.79M	$74.19M	$84.04M	$106.70M	$155.13M
Total current assets	$175.13M	$267.45M	$279.97M	$331.56M	$300.03M	$417.19M	$473.42M	$585.01M	$934.83M
Goodwill	$30.60M	$32.92M	$38.55M	$46.35M	$85.42M	$129.47M	$159.27M	$231.66M	$943.31M
Total assets	$328.55M	$496.31M	$531.77M	$628.11M	$806.62M	$1.10B	$1.22B	$1.54B	$3.24B
Total current liabilities	$114.55M	$134.54M	$128.17M	$135.83M	$157.96M	$226.14M	$279.18M	$380.45M	$582.05M
Short-term debt	$10.00M	$14.77M	$7.54M	$13.00M	$10.00M	$12.50M	$15.00M	$26.56M	$38.50M
Long-term debt	$47.14M	$48.12M	$42.46M	$79.05M	$206.18M	$363.07M	$360.74M	$486.96M	$1.57B
Total debt	$57.14M	$62.89M	$50.00M	$92.05M	$216.18M	$375.57M	$375.74M	$513.52M	$1.61B
Total liabilities	$176.37M	$196.84M	$188.22M	$242.92M	$397.72M	$639.64M	$703.09M	$968.39M	$2.33B
Shareholders' equity	$152.18M	$299.47M	$343.55M	$400.80M	$408.90M	$455.88M	$516.57M	$573.74M	$911.96M

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$46.93M	$66.12M	$55.27M	$105.17M	$48.50M	$16.50M	$157.16M	$209.08M	$291.30M
Capital expenditures	$24.40M	$42.80M	$42.48M	$52.57M	$56.33M	$68.85M	$97.81M	$87.93M	$137.93M
Free cash flow	$22.53M	$23.32M	$12.79M	$52.60M	-$7.83M	-$52.35M	$59.35M	$121.15M	$153.37M
Investing cash flow	-$30.69M	-$89.59M	-$60.23M	-$79.36M	-$263.41M	-$197.33M	-$143.37M	-$307.58M	-$1.28B
Financing cash flow	-$39.78M	$95.06M	-$13.57M	$41.89M	$123.85M	$159.14M	-$264.00K	$126.11M	$1.07B
Dividends paid	$31.29M	$0	—	—	—	—	—	—	—
Share buybacks	—	—	—	$0	$0	$39.00K	$139.00K	$11.31M	$23.54M
Stock-based compensation	$513.00K	$975.00K	$957.00K	$1.57M	$3.55M	$8.00M	$10.76M	$14.41M	$37.01M
Depreciation & amortization	$21.07M	$25.32M	$31.23M	$39.30M	$49.81M	$65.73M	$68.90M	$80.00M	$144.00M

Income statement

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	$475.03M	$396.50M	$371.43M	$517.79M	$538.16M	$561.58M	$571.65M	$779.28M	$899.85M	$809.47M	$769.20M	$999.42M
Cost of revenue	$399.49M	$344.62M	$332.63M	$434.30M	$454.08M	$485.01M	$500.30M	$647.47M	$740.49M	$687.97M	$670.34M	$831.03M
Gross profit	$75.54M	$51.88M	$38.80M	$83.49M	$84.08M	$76.57M	$71.35M	$131.81M	$159.36M	$121.50M	$98.85M	$168.39M
Operating income	$44.76M	$16.73M	$3.08M	$45.66M	$45.77M	$13.81M	$27.29M	$82.94M	$100.77M	$50.41M	$37.38M	$109.38M
Interest expense	—	$3.75M	$4.57M	$4.67M	$6.08M	$18.13M	$21.59M	$25.24M	$25.40M	$27.37M	$25.59M	$30.29M
Pre-tax income	—	$12.96M	-$1.45M	$41.02M	$39.56M	-$3.90M	$5.54M	$57.95M	$74.95M	$22.79M	$12.07M	$79.14M
Income tax	$10.25M	$3.12M	-$321.00K	$10.11M	$10.26M	-$849.00K	$1.31M	$13.90M	$18.38M	$5.58M	$2.89M	$19.58M
Net income	$30.91M	$9.84M	-$1.12M	$30.91M	$29.31M	-$3.05M	$4.21M	$44.05M	$56.57M	$17.20M	$9.18M	$59.55M
EBITDA	$55.89M	$37.73M	$26.18M	$69.16M	$58.17M	$44.11M	$63.49M	$121.14M	$140.07M	$93.41M	$81.58M	$151.28M
EPS (basic)	$0.60	$0.19	$-0.02	$0.60	$0.57	$-0.06	$0.08	$0.80	$1.03	$0.31	$0.16	$1.07
EPS (diluted)	$0.59	$0.19	$-0.02	$0.59	$0.56	$-0.06	$0.08	$0.79	$1.02	$0.31	$0.16	$1.06
Diluted shares	145.77K	52.43M	51.94M	52.65M	2.07K	54.16M	55.67M	55.65M	68.10K	56.05M	56.26M	56.27M
Gross margin	15.9%	13.1%	10.4%	16.1%	15.6%	13.6%	12.5%	16.9%	17.7%	15.0%	12.9%	16.8%
Operating margin	9.4%	4.2%	0.8%	8.8%	8.5%	2.5%	4.8%	10.6%	11.2%	6.2%	4.9%	10.9%
Net margin	6.5%	2.5%	-0.3%	6.0%	5.4%	-0.5%	0.7%	5.7%	6.3%	2.1%	1.2%	6.0%

Balance sheet

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Cash & equivalents	$48.24M	$68.74M	$47.96M	$56.33M	$74.69M	$132.50M	$101.86M	$114.34M	$156.06M	$104.09M	$76.86M	$94.55M
Inventory	$84.04M	$96.66M	$102.75M	$104.55M	$106.70M	$145.21M	$146.90M	$148.54M	$155.13M	$170.02M	$176.80M	$185.27M
Total current assets	$473.42M	$461.37M	$475.46M	$554.19M	$585.01M	$723.12M	$729.51M	$809.44M	$934.83M	$809.12M	$862.39M	$961.27M
Goodwill	$159.27M	$176.53M	$181.47M	$200.33M	$231.66M	$644.21M	$745.04M	$775.76M	$943.31M	$1.08B	$1.10B	$1.14B
Total assets	$1.22B	$1.28B	$1.31B	$1.43B	$1.54B	$2.57B	$2.75B	$2.93B	$3.24B	$3.36B	$3.44B	$3.61B
Total current liabilities	$279.18M	$262.93M	$290.15M	$346.02M	$380.45M	$469.75M	$513.61M	$552.20M	$582.05M	$508.23M	$564.31M	$614.01M
Short-term debt	$15.00M	$15.00M	$15.00M	$23.91M	$26.56M	$37.72M	$40.38M	$38.50M	$38.50M	$38.50M	$38.50M	$41.50M
Long-term debt	$360.74M	$427.06M	$423.39M	$453.94M	$486.96M	$1.18B	$1.32B	$1.39B	$1.57B	$1.70B	$1.71B	$1.74B
Total debt	$375.74M	$442.06M	$438.39M	$477.85M	$513.52M	$1.22B	$1.36B	$1.43B	$1.61B	$1.74B	$1.75B	$1.79B
Total liabilities	$703.09M	$754.99M	$788.42M	$879.15M	$968.39M	$1.76B	$1.95B	$2.07B	$2.33B	$2.39B	$2.46B	$2.57B
Shareholders' equity	$516.57M	$521.16M	$524.98M	$552.94M	$573.74M	$811.07M	$807.87M	$853.33M	$911.96M	$969.15M	$979.38M	$1.04B

Cash flow

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Operating cash flow	$62.62M	$60.38M	$18.17M	$34.63M	$95.90M	$40.66M	$55.63M	$83.02M	$111.98M	$82.57M	$65.21M	$93.09M
Capital expenditures	$18.76M	$26.78M	$28.73M	$14.89M	$17.52M	$26.83M	$41.39M	$36.66M	$33.05M	$35.47M	$46.26M	$62.51M
Free cash flow	$43.85M	$33.59M	-$10.56M	$19.74M	$78.38M	$13.83M	$14.24M	$46.36M	$78.94M	$47.10M	$18.95M	$30.57M
Investing cash flow	-$24.73M	-$104.66M	-$33.70M	-$60.74M	-$108.49M	-$679.03M	-$214.20M	-$139.90M	-$247.06M	-$242.85M	-$94.25M	-$107.90M
Financing cash flow	-$43.75M	$64.91M	-$3.75M	$34.12M	$30.83M	$694.75M	$129.09M	$69.60M	$177.78M	$105.46M	$1.83M	$32.49M
Share buybacks	—	$1.34M	—	—	—	$12.08M	$8.05M	$674.00K	$2.74M	$22.42M	$3.54M	$3.80M
Stock-based compensation	$2.85M	$2.89M	$3.33M	$3.98M	$4.21M	$14.40M	$4.48M	$9.08M	$9.04M	$14.88M	$7.53M	$8.79M
Depreciation & amortization	$11.13M	$21.00M	$23.10M	$23.50M	$12.40M	$30.30M	$36.20M	$38.20M	$39.30M	$43.00M	$44.20M	$41.90M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.