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Construction Partners, Inc.

ROAD

Construction Partners, Inc. • NASDAQ
$109.00 ▲ 0.55% (+0.60)
Market Cap $6.16 B
52w High $138.90
52w Low $64.79
Dividend Yield 0%
P/E 59.24
Volume 309.68K
Outstanding Shares 56.52M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $899.849M ▲ $57.336M ▲ $56.57M ▲ 6.287% ▲ $1.03 ▲ $100.349M ▼
Q3-2025 $779.277M ▲ $51.026M ▲ $44.047M ▲ 5.652% ▲ $0.8 ▲ $124.359M ▲
Q2-2025 $571.65M ▲ $46.662M ▲ $4.215M ▲ 0.737% ▲ $0.08 ▲ $66.254M ▲
Q1-2025 $561.58M ▲ $44.266M ▲ $-3.051M ▼ -0.543% ▼ $-0.056 ▲ $47.598M ▼
Q4-2024 $538.163M $39.836M $29.308M 5.446% $-0.76 $71.103M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $159.015M ▲ $3.239B ▲ $2.327B ▲ $911.963M ▲
Q3-2025 $114.336M ▲ $2.926B ▲ $2.073B ▲ $853.328M ▲
Q2-2025 $101.855M ▼ $2.754B ▲ $1.946B ▲ $807.869M ▼
Q1-2025 $132.504M ▲ $2.568B ▲ $1.757B ▲ $811.068M ▲
Q4-2024 $74.686M $1.542B $968.395M $573.74M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $44.047M ▲ $83.021M ▲ $-139.897M ▲ $69.597M ▼ $12.721M ▲ $46.361M ▲
Q2-2025 $4.215M ▲ $55.634M ▲ $-214.203M ▲ $129.085M ▼ $-29.484M ▼ $14.24M ▲
Q1-2025 $-3.051M ▼ $40.663M ▼ $-679.03M ▼ $694.751M ▲ $56.384M ▲ $13.831M ▼
Q4-2024 $29.308M ▼ $95.898M ▲ $-108.487M ▼ $30.83M ▼ $18.241M ▲ $78.378M ▲
Q3-2024 $30.908M $34.631M $-60.74M $34.116M $8.007M $19.739M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily each year, showing that the company is winning more work and expanding its footprint. Profitability has improved alongside that growth: gross profit and operating profit have both moved up, and net income has climbed meaningfully from where it was a few years ago. Earnings per share have increased several times over since 2021, which signals better scale, stronger project execution, and improved cost control. One nuance is that EBITDA peaked in the prior year and then dipped slightly even as operating income rose, which may reflect changes in non‑cash items or mix of projects rather than a simple, smooth margin story. Overall, the income statement shows a business growing rapidly with profitability trending in the right direction, though construction remains a margin-sensitive, project-by-project industry.

Balance Sheet

Balance Sheet The balance sheet has expanded materially, with total assets and shareholders’ equity both rising each year. This fits a company that is growing, adding equipment, facilities, and working capital to support a larger project base. Debt has also increased over time and at a faster clip than cash, which means the company is leaning more on borrowing to fund its expansion. Equity is building, which provides a cushion, but leverage is clearly higher than it was a few years ago. Cash on hand is relatively modest versus the size of the business, which is typical in construction but leaves less room for error if project timing or collections slip.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has improved meaningfully over the period, moving from thin levels to more solid, consistent inflows as the business scaled. Free cash flow has turned from negative to positive in recent years, showing that after covering capital spending, there is now cash left over rather than a shortfall. Capital expenditures remain sizable and steady, reflecting ongoing investments in equipment, plants, and infrastructure needed to self-perform more work and support growth. The cash flow profile looks much healthier than a few years ago, but it is still tied to a capital-intensive model and the timing of large projects and customer payments.

Competitive Edge

Competitive Edge Construction Partners operates in the infrastructure and road construction space, which is highly competitive, fragmented, and bid-driven. The company appears to be gaining share and building scale, as shown by its steady revenue growth and rising profits. Scale in key regions, control over materials like asphalt, and a track record of on-time, on-budget delivery can provide an edge versus smaller local competitors. At the same time, the business is exposed to competitive bidding pressure, swings in input costs such as fuel and aggregates, labor availability, and the pace of public funding for roads and highways. Its position looks stronger than a few years ago, but the industry structure means advantages are often incremental rather than absolute.

Innovation and R&D

Innovation and R&D As a construction and infrastructure contractor, the company is unlikely to rely on formal, lab-style research and development. Innovation here is more about improving methods: better project management, more efficient use of equipment, vertical integration in materials, and using data and technology to plan, bid, and execute jobs more accurately. Investments in modern plants, equipment, and digital tools can effectively serve as “R&D” by lowering unit costs and reducing project risk. The moat is therefore based less on patents and more on operational know-how, customer relationships, safety record, and the ability to consistently deliver complex projects in its chosen markets.

Summary

Overall, Construction Partners looks like a growth-focused infrastructure company that has scaled up meaningfully since its IPO years. Revenue and profits have risen steadily, margins have improved, and free cash flow has turned positive after a period of heavy reinvestment. The balance sheet shows a larger, more capable business but also more debt and a relatively thin cash buffer, which is important in a cyclical, project-based industry. Its competitive strength seems to come from regional scale, control of materials, and execution quality rather than from traditional R&D or strong intellectual property. Key watchpoints include how well the company manages cost inflation, bidding discipline, leverage, and the health of public infrastructure spending over the next few years.

NEWS

November 20, 2025 · 7:00 AM UTC

Construction Partners, Inc. Announces Fiscal 2025 Fourth Quarter and Full Year Results

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November 6, 2025 · 4:15 PM UTC

Construction Partners, Inc. Announces Schedule for Fiscal 2025 Fourth Quarter and Full Year Earnings Release and Conference Call

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October 21, 2025 · 4:15 PM UTC

Construction Partners, Inc. Announces Preliminary Fiscal 2025 Financial Results and Introduces Fiscal 2026 Outlook

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October 20, 2025 · 8:00 AM UTC

Construction Partners, Inc. Completes Florida Acquisition

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October 9, 2025 · 7:49 PM UTC

SunTx Capital Partners' Portfolio Company, Suncrete, to Pursue Listing on the New York Stock Exchange through a Proposed Business Combination with Haymaker Acquisition Corp. 4

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