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Construction Partners, Inc. (ROAD) stock

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NASDAQ: ROAD Nasdaq Construction & Engineering Next results ~November 19, 2026

C Fundamentals grade

Construction Partners, Inc. is a US-listed company in the construction & engineering industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 64% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 64% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Construction Partners, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds184 adding, 148 cuttingOf 49 active managers that changed their stake, 25 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Construction Partners files

Where Construction Partners stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.48bn, up 41.9% on a year earlier, slower than the 48.8% growth a quarter earlier. That growth ranks 3 of 20 among the construction & engineering companies we cover. Free-cash-flow margin fell to 5.0% from 6.2% a year earlier. The diluted share count is up 2.7% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 7 financial-health checks.

Our model value for Construction Partners is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 19, 2026 (estimated)

Construction Partners, Inc.'s trailing-twelve-month revenue grew 41.9% year on year, with a free-cash-flow margin of 5.0%. Where it stands out: revenue growth of 41.9% ranks 8 of 43 construction & engineering companies we cover. Where it lags: long-term debt as % of assets of 48.3% ranks 35 of 35 construction & engineering companies we cover.

Our discounted-cash-flow model values the business at ~$91 per share in the base case (~$62–$130 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 14.9% while net income grew 91.2%: a 76pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 41.9% over the last 12 months, against a median of 21.2% for construction & engineering companies we cover.

Things to watch

  • Growth slowing. The growth rate is 6.9 points lower than a quarter earlier.
  • Share dilution. Diluted shares rose 2.7% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 53% and a beta of 1.7 against the S&P 500.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 48.3% ranks 35 of 35 construction & engineering companies we cover (median 16.2%).
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 1.1% ranks 28 of 33 construction & engineering companies we cover (median 0.7%).

Latest results: FY2026 Q3

Filed August 7, 2026
Earnings per share
$1.08 against an average estimate of $1.01: beat by 6.8%
Revenue
$999m, up 28.2% on a year earlier
Share reaction
+18.0% in the first session after the results on August 7, 2026, against +0.6% for the S&P 500
Next report
November 19, 2026; average EPS estimate $1.37

Construction Partners' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+7.6%
  • 1 week+17.1%
  • 1 month+6.1%
  • This year-11.0%
  • 1 year-15.5%
  • 5 years+150.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.5B
Operating margin
8.6%
Net margin
4.1%
EPS (TTM, diluted)
$2.54

Growth

Revenue growth
+41.9%
Change in growth rate
−6.9 pts
Share count change
+2.7%

Cash

Free cash flow (TTM)
$176M
FCF margin
5.0%
Stock pay % of revenue
1.1%

Earnings

Last results
August 7, 2026
Next results (est.)
November 19, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Deal
  2. Announcement
  3. Deal
  4. Announcement
  5. Announcement
  6. Deal
  7. Announcement
  8. Leadership
  9. Share issue
  10. Results
  11. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Construction Partners, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 64% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Construction Partners, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.33 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$53 ~$46–$71 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$16 ~$11–$24 Left out: out of range vs price (0.17x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$16 ~$15–$19 Left out: out of range vs price (0.17x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Construction Partners, Inc. with Construction & Engineering in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20182019202020212022202320242025Now
Share price$12.10$15.58$18.20$33.37$26.23$36.56$69.80$127.00$96.61
Market value$556m$801m$940m$1.7bn$1.4bn$1.9bn$3.7bn$7.0bn$5.4bn
+ Net debt (− = net cash)−$36m−$30m−$55m$160m$341m$329m$440m$1.5bn$1.7bn
Enterprise value$520m$771m$884m$1.9bn$1.7bn$2.2bn$4.1bn$8.5bn$7.1bn
Multiples
Price / sales 0.8x1.0x1.2x1.9x1.0x1.2x2.0x2.5x1.6x
Price / earnings 10.9x18.6x23.3x85.6x63.8x39.0x53.2x69.1x38.1x
Price / free cash flow 23.8x62.6x17.9x——32.2x30.3x45.9x30.9x
EV / EBITDA 6.0x8.7x9.4x23.6x16.9x14.9x21.5x23.1x15.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

41 /100

Weak moat

How hard Construction Partners's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 4 / 20

    Net income has been a median 3.9% of total assets over 9 years.

  • Pricing power 8 / 20

    Gross margin has been a median 14.8%, moving by 1.7 percentage points (standard deviation) across 9 years.

  • Durability 5 / 20

    Operating margin has been a median 6.7%; its worst year was 2.2%.

  • Cash conversion 10 / 20

    Free cash flow was positive in 8 of 9 years, at a median 2.5% of revenue.

  • Discipline 14 / 20

    The diluted share count rose 8.5% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 19, 2026, before the open. Analysts expect revenue of $1.1bn and EPS of $1.37 (range $1.21 to $1.45) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.05 +38% $3.7bn +31%
Next $3.77 +24% $4.1bn +12%

Next year's EPS estimate has moved +0.5% in 90 days, across 6 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.01 $1.08 +6.8%
Mar 2026 −$0.03 $0.18 +774.9%
Dec 2025 $0.31 $0.47 +53.4%
Sept 2025 $1.08 $1.06 −1.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

6 analysts, Oct 2026
Buy583%
Hold117%
Sell00%

Monthly trend

  1. Oct 2026516
  2. Sep 2026516
  3. Aug 2026516
  4. Jul 2026516

Counts of recommendations published by analysts covering Construction Partners, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.7%
of tradable shares
Days to cover
5.41
at average volume
Short interest, 1 month
−9%
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
1.3%
of shares
Employees
1,639
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −15.5%

$114.35 on October 31, 2025 to $96.61

ThenNowEffect
Revenue (last 12 months) $2.5bn $3.5bn +41.9%
Net margin 3.0% 4.1% +34.8%
P/E multiple 83.9x 38.1x −54.6%
Share count 55m 56m −2.6%

Biggest factor: p/e multiple.

Last 3 years +143.0%

$39.76 on November 3, 2023 to $96.61

ThenNowEffect
Revenue (last 12 months) $1.5bn $3.5bn +134.7%
Net margin 2.1% 4.1% +94.6%
P/E multiple 66.4x 38.1x −42.7%
Share count 52m 56m −7.2%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ROAD+1%−9%+63%+103%+23%−11%
Industry peers (median)+41%−8%+43%+47%+30%+0%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ROAD50%33%67%75%42%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ROAD−32%−36%−19%−14%−27%−43%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since May 4, 2018: 55% from November 8, 2021 to June 22, 2022. Getting back needed a 120% gain, reached on November 14, 2023, 510 days after the low.

Price behaviour

52-week range
$80.84 – $140.48
From 52-week high
−31.2%
vs 50-day average
+3.1%
vs 200-day average
−12.9%
Volatility (1 year)
53%
Beta vs S&P 500
1.72

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
9 up, 3 down
typical move ±8.2%
After a week
9 up, 3 down
typical move ±10.3%
After a month
7 up, 5 down
typical move ±11.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 7, 2026 +18.0% +0.6% +21.4% +2.9%
May 8, 2026 +3.1% +1.1% −10.1% −16.7%
February 5, 2026 +10.7% +0.6% +17.4% +7.6%
November 20, 2025 −2.9% −0.5% +4.6% +7.6%
October 22, 2025 −5.0% +0.1% −4.8% −17.7%
August 7, 2025 +20.1% +0.7% +20.5% +32.2%
May 9, 2025 +8.2% +3.2% +9.4% +10.7%
February 7, 2025 −3.4% −0.2% −8.2% −19.1%
November 21, 2024 +9.5% +0.8% +11.3% −0.4%
October 21, 2024 +12.2% −0.2% +6.2% +24.5%
August 9, 2024 +3.7% +0.5% +6.5% +1.8%
May 10, 2024 +2.1% +0.1% +3.0% 0.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Construction Partners, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Construction Partners, Inc.
$1.5B $2B $2.5B $3B $3.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $1.6B Revenue (TTM), FY24 Q1: $1.6B Revenue (TTM), FY24 Q2: $1.7B Revenue (TTM), FY24 Q3: $1.8B Revenue (TTM), FY24 Q4: $1.8B Revenue (TTM), FY25 Q1: $2B Revenue (TTM), FY25 Q2: $2.2B Revenue (TTM), FY25 Q3: $2.5B Revenue (TTM), FY25 Q4: $2.8B Revenue (TTM), FY26 Q1: $3.1B Revenue (TTM), FY26 Q2: $3.3B Revenue (TTM), FY26 Q3: $3.5B $3.5B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1.6B
FY24 Q1 $1.6B
FY24 Q2 $1.7B
FY24 Q3 $1.8B
FY24 Q4 $1.8B
FY25 Q1 $2B
FY25 Q2 $2.2B
FY25 Q3 $2.5B
FY25 Q4 $2.8B
FY26 Q1 $3.1B
FY26 Q2 $3.3B
FY26 Q3 $3.5B
Revenue growth, TTM YoY Construction Partners, Inc.
0% 20% 40% 60% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 20.1% Revenue growth, TTM YoY, FY24 Q1: 19.1% Revenue growth, TTM YoY, FY24 Q2: 15.6% Revenue growth, TTM YoY, FY24 Q3: 18.8% Revenue growth, TTM YoY, FY24 Q4: 16.7% Revenue growth, TTM YoY, FY25 Q1: 22.9% Revenue growth, TTM YoY, FY25 Q2: 31.5% Revenue growth, TTM YoY, FY25 Q3: 39.2% Revenue growth, TTM YoY, FY25 Q4: 54.2% Revenue growth, TTM YoY, FY26 Q1: 53.9% Revenue growth, TTM YoY, FY26 Q2: 48.8% Revenue growth, TTM YoY, FY26 Q3: 41.9% 41.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 20.1%
FY24 Q1 19.1%
FY24 Q2 15.6%
FY24 Q3 18.8%
FY24 Q4 16.7%
FY25 Q1 22.9%
FY25 Q2 31.5%
FY25 Q3 39.2%
FY25 Q4 54.2%
FY26 Q1 53.9%
FY26 Q2 48.8%
FY26 Q3 41.9%
Operating margin (TTM) Construction Partners, Inc.
5% 6% 7% 8% 9% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 5.2% Operating margin (TTM), FY24 Q1: 5.7% Operating margin (TTM), FY24 Q2: 5.9% Operating margin (TTM), FY24 Q3: 6.3% Operating margin (TTM), FY24 Q4: 6.1% Operating margin (TTM), FY25 Q1: 5.4% Operating margin (TTM), FY25 Q2: 6.1% Operating margin (TTM), FY25 Q3: 6.9% Operating margin (TTM), FY25 Q4: 8.0% Operating margin (TTM), FY26 Q1: 8.5% Operating margin (TTM), FY26 Q2: 8.3% Operating margin (TTM), FY26 Q3: 8.6% 8.6%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 5.2%
FY24 Q1 5.7%
FY24 Q2 5.9%
FY24 Q3 6.3%
FY24 Q4 6.1%
FY25 Q1 5.4%
FY25 Q2 6.1%
FY25 Q3 6.9%
FY25 Q4 8.0%
FY26 Q1 8.5%
FY26 Q2 8.3%
FY26 Q3 8.6%
FCF margin (TTM) Construction Partners, Inc.
3% 4% 5% 6% 7% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 3.8% FCF margin (TTM), FY24 Q1: 5.9% FCF margin (TTM), FY24 Q2: 5.8% FCF margin (TTM), FY24 Q3: 4.9% FCF margin (TTM), FY24 Q4: 6.6% FCF margin (TTM), FY25 Q1: 5.1% FCF margin (TTM), FY25 Q2: 5.8% FCF margin (TTM), FY25 Q3: 6.2% FCF margin (TTM), FY25 Q4: 5.5% FCF margin (TTM), FY26 Q1: 6.1% FCF margin (TTM), FY26 Q2: 5.9% FCF margin (TTM), FY26 Q3: 5.0% 5.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 3.8%
FY24 Q1 5.9%
FY24 Q2 5.8%
FY24 Q3 4.9%
FY24 Q4 6.6%
FY25 Q1 5.1%
FY25 Q2 5.8%
FY25 Q3 6.2%
FY25 Q4 5.5%
FY26 Q1 6.1%
FY26 Q2 5.9%
FY26 Q3 5.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Construction Partners took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $2.8B
  2. Cost of revenue $2.4B · 84.4%
  3. Gross profit $439M · 15.6%
  4. Selling, general and admin $199M · 7.1%
  5. Other operating costs $15M · 0.5%
  6. Operating income $225M · 8.0%
  7. Income tax $32.7M · 1.2%
  8. Interest and other $90.3M · 3.2%
  9. Net income $102M · 3.6%

Shares of revenue. Source: Construction Partners's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 568 680 783 786 911 1,302 1,564 1,824 2,812 3,478
Gross profit 91 100 118 122 120 139 196 258 439 548
EBITDA 68 87 88 95 80 101 151 191 369 466
Operating income 47 61 57 55 30 35 82 111 225 298
Net income 26 51 43 40 20 21 49 69 102 143
Diluted EPS $0.63 $1.11 $0.84 $0.78 $0.39 $0.41 $0.94 $1.31 $1.84 $2.54
Growth (year on year)
Revenue — +19.7% +15.2% +0.3% +15.9% +42.9% +20.1% +16.7% +54.2% +41.9%
EBITDA — +28.2% +1.9% +7.0% −15.5% +26.6% +49.1% +26.8% +92.9% +62.5%
Operating income — +31.9% −7.0% −3.3% −45.5% +17.6% +131.2% +35.9% +102.1% +75.5%
Net income — +95.0% −15.1% −6.5% −49.9% +5.9% — +40.7% +47.6% +91.2%
Diluted EPS — +76.2% −24.3% −7.1% −50.0% +5.1% — +39.4% +40.5% +86.3%
Margins
Gross margin 16.0% 14.6% 15.1% 15.6% 13.2% 10.7% 12.6% 14.2% 15.6% 15.8%
EBITDA margin 11.9% 12.8% 11.3% 12.0% 8.8% 7.8% 9.6% 10.5% 13.1% 13.4%
Operating margin 8.2% 9.0% 7.3% 7.0% 3.3% 2.7% 5.2% 6.1% 8.0% 8.6%
Net margin 4.6% 7.5% 5.5% 5.1% 2.2% 1.6% 3.1% 3.8% 3.6% 4.1%
Free-cash-flow margin 4.0% 3.4% 1.6% 6.7% −0.9% −4.0% 3.8% 6.6% 5.5% 5.0%
Cash flow
Cash from operations 47 66 55 105 49 16 157 209 291 353
Capital spending 24 43 42 53 56 69 98 88 138 177
Free cash flow 23 23 13 53 −8 −52 59 121 153 176
Stock-based pay 1 1 1 2 4 8 11 14 37 40
Free cash flow after stock pay 22 22 12 51 −11 −60 49 107 116 136
Balance sheet
Cash 28 99 81 148 57 36 48 75 156 95
Total debt 58 63 50 93 218 377 377 515 1,626 1,803
Net debt (negative = net cash) 30 −36 −30 −55 160 341 329 440 1,470 1,709
Diluted shares 42m 46m 51m 52m 52m 52m 52m 53m 55m 56m
Returned to shareholders
Dividends 31 0 — — — — — — — —
Buybacks — — — 0 0 0 0 11 24 33
Total returned 31 0 — 0 0 0 0 11 24 33

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 7 checks passed · June 30, 2026
What it owns · $3.6bn
Short-term assets $961mLonger-term assets $2.7bn
What it owes, and who funded it · $3.6bn
Short-term liabilities $614mLonger-term liabilities $2.0bnShareholders' equity $1.0bn
  • Short-term assets cover short-term liabilities $961m of assets due within a year against $614m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $961m short-term assets against $2.0bn of longer-dated liabilities.
  • More cash than debt $95m of cash against $1.8bn of debt.
  • Debt below 40% of shareholders' equity Debt is 172% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 66% to 172% over five years.
  • A year's operating cash flow covers at least 20% of debt $353m of operating cash flow against $1.8bn of debt.
  • Operating profit covers interest at least five times over Operating income of $298m against $109m of interest.

From Construction Partners, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$32.5M
Returned to shareholders
19%
of free cash flow
Buybacks, last 3 fiscal years
$35M
Diluted share count
+2.7%
year over year
Total shareholder yield
0.6%
dividends 0.0% + buybacks 0.6% of market value

Competitors: side by side with peers

Closest by revenue in construction & engineering
Last 12 months unless stated ROAD CTRI IESC ECG STRL MYRG Median
Revenue, last 12 months $3.5bn $3.4bn $4.0bn $4.3bn $4.3bn $4.3bn $1.5bn
Revenue growth, last 12 months 41.9% 25.2% 22.7% 30.5% 93.1% 22.8% 21.2%
Revenue growth, 3-year average 32.9% — 19.3% — 30.6% 7.2% 11.3%
Revenue growth, latest quarter 28.2% 32.9% 39.6% 33.7% 127.0% 32.5% 26.9%
Gross margin 15.8% 7.8% 26.3% 13.0% 23.8% 13.0% 13.0%
Operating margin 8.6% 2.7% 12.4% 7.8% 18.2% 6.1% 4.1%
Operating margin, 3-year average 7.3% 0.4% 11.1% 7.2% 15.3% 4.0% 5.4%
Net margin 4.1% 0.9% 11.4% 6.0% 12.9% 4.5% 1.9%
Cash from operations / revenue 10.1% 2.2% 9.3% 7.5% 14.2% 5.8% 4.4%
Free-cash-flow margin 5.0% −0.4% 5.7% 5.9% 10.9% 3.2% 2.3%
Free-cash-flow margin, 3-year average 5.4% 1.5% 5.8% — 15.2% 2.8% 5.5%
Stock pay / revenue 1.1% 0.3% 0.4% 0.2% 0.7% 0.4% 0.7%
Change in share count 2.7% 9.0% −0.1% 0.1% 0.5% −1.0% 0.8%

Median of all 43 companies we cover in construction & engineering. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

43 construction & engineering companies
Measure Company Peer median Rank
Revenue growth Growth 41.9% 21.2% 8 of 43
Change in growth rate Growth -6.9pp +3.2pp 34 of 43
Gross margin Profitability 15.8% 11.8% 16 of 39
Operating margin Profitability 8.6% 4.1% 10 of 39
Net margin Profitability 4.1% 2.1% 17 of 42
Free-cash-flow margin Cash generation 5.0% 2.3% 16 of 43
Stock pay as % of revenue Cash generation 1.1% 0.7% 28 of 33
Long-term debt as % of assets Balance sheet 48.3% 16.2% 35 of 35
Change in share count Balance sheet 2.7% 1.9% 27 of 40

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$5.9B
Institutions reporting
359
Shares held vs prior quarter
▲ 2.3%
Positions opened / closed
55 / 38

Top buyers and sellers, Q2 2026: 184 institutions bought and 148 sold ; the biggest buyer was Van Berkom & Associates Inc (+392K shares) and the biggest seller Jane Street Group, LLC (−496K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $849M 7.1M 14.4% ▲ 0.4%
Blackrock, Inc. $461M 3.9M 7.8% ▲ 2.8%
Vanguard Capital Management LLC $238M 2.0M 4.1% ▲ 0.8%
Vanguard Portfolio Management LLC $234M 2.0M 4.0% ▲ 2.8%
Kayne Anderson Rudnick Investment Management LLC $181M 1.5M 3.1% ▼ 8.7%
Conestoga Capital Advisors, LLC $161M 1.4M 2.7% ▼ 17.8%
Geode Capital Management, LLC $152M 1.3M 2.6% ▲ 5.9%
Geneva Capital Management LLC $148M 1.2M 2.5% ▼ 20.3%
First Trust Advisors LP $145M 1.2M 2.5% ▲ 18.5%
State Street Corp $139M 1.2M 2.4% ▲ 7.3%
Nomura Asset Management International Inc. $137M 1.2M 2.3% ▼ 16.7%
Goldman Sachs Group Inc $126M 1.1M 2.1% ▲ 33.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Construction Partners, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 19, 2026 estimated from the company's past filing pattern, not announced

  • August 7, 2026
  • May 8, 2026
  • February 5, 2026
  • November 20, 2025
  • October 22, 2025
  • August 7, 2025

Recent SEC filings

Data status

When each part of this page on Construction Partners, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Construction Partners, Inc. in brief

What does Construction Partners, Inc. do?
Construction Partners, Inc. is a US-listed company in the construction & engineering industry. Its financial year ends in September.
What is Construction Partners, Inc.'s stock ticker?
Construction Partners, Inc. trades under the ticker ROAD on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Construction Partners, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Construction Partners, Inc. reported revenue of $3.5B, 41.9% higher than a year earlier, according to its SEC filings.
What is Construction Partners, Inc.'s free cash flow?
Construction Partners, Inc.'s free-cash-flow margin is 5.0% of revenue over the trailing twelve months, ranking 16 of the 43 construction & engineering companies we cover.
Who are Construction Partners, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Construction Partners, Inc. buying back stock, and does it pay a dividend?
Construction Partners, Inc. spent $32.5M on share repurchases over the trailing twelve months, and its diluted share count still rose 2.7% over the year.
What is Construction Partners, Inc.'s market cap?
On November 2, 2026, Construction Partners, Inc.'s market capitalisation was about $5.4B, with a price-to-earnings ratio of 38.1 and net debt of $1.7B. Market figures come from third-party market data and may be delayed.
How much debt does Construction Partners, Inc. have?
Construction Partners, Inc.'s debt-to-equity ratio is 171.6%, from its latest balance sheet (65.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Construction Partners, Inc.'s competitors?
In our Construction & Engineering peer group, the companies closest to Construction Partners, Inc. are Centuri Holdings, Inc., IES Holdings, Inc., Everus Construction Group, Inc., Sterling Infrastructure, Inc. and MYR Group Inc. The side-by-side comparison below sets their revenue, margins and growth against Construction Partners, Inc.'s.
When is Construction Partners, Inc.'s next earnings date?
Around November 19, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Construction Partners, Inc. announces its own schedule.