Construction Partners, Inc. income statement
In fiscal 2025, Construction Partners, Inc. reported revenue of $2.81bn, up 54.2% on the year before, operating income of $225m (a 8.0% margin) and net income of $102m, or $1.84 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Sept 2017 | 2018Sept 2018 | 2019Sept 2019 | 2020Sept 2020 | 2021Sept 2021 | 2022Sept 2022 | 2023Sept 2023 | 2024Sept 2024 | 2025Sept 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 568 | 680 | 783 | 786 | 911 | 1,302 | 1,564 | 1,824 | 2,812 | 3,478 |
| Cost of revenue | 477 | 581 | 665 | 663 | 791 | 1,162 | 1,367 | 1,566 | 2,373 | 2,930 |
| Gross profit | 91 | 100 | 118 | 122 | 120 | 139 | 196 | 258 | 439 | 548 |
| General and administrative | 48 | 55 | 63 | 69 | 92 | 108 | 127 | 148 | 199 | 246 |
| Operating income | 47 | 61 | 57 | 55 | 30 | 35 | 82 | 111 | 225 | 298 |
| Interest expense | — | — | — | — | 1 | — | 17 | 19 | 90 | 109 |
| Net interest income | −4 | −1 | −2 | −3 | −2 | −8 | −17 | — | — | — |
| Income before tax | 41 | 60 | 56 | 52 | 29 | 28 | 65 | 92 | 135 | 189 |
| Income tax | 15 | 11 | 14 | 13 | 8 | 7 | 16 | 23 | 33 | 46 |
| 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 |
| Diluted shares (average) | 42m | 46m | 51m | 52m | 52m | 52m | 52m | 53m | 55m | 56m |
| EBITDA | 68 | 87 | 88 | 95 | 80 | 101 | 151 | 191 | 369 | 466 |
| Quarter | 2024 Q4Sept 2024 | 2025 Q1Dec 2024 | 2025 Q2Mar 2025 | 2025 Q3Jun 2025 | 2025 Q4Sept 2025 | 2026 Q1Dec 2025 | 2026 Q2Mar 2026 | 2026 Q3Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 538 | 562 | 572 | 779 | 900 | 809 | 769 | 999 |
| Cost of revenue | 454 | 485 | 500 | 647 | 740 | 688 | 670 | 831 |
| Gross profit | 84 | 77 | 71 | 132 | 159 | 122 | 99 | 168 |
| General and administrative | 38 | 44 | 47 | 51 | 57 | 62 | 64 | 63 |
| Operating income | 46 | 14 | 27 | 83 | 101 | 50 | 37 | 109 |
| Interest expense | 6 | 18 | 22 | 25 | 25 | 27 | 26 | 30 |
| Income before tax | 40 | −4 | 6 | 58 | 75 | 23 | 12 | 79 |
| Income tax | 10 | −1 | 1 | 14 | 18 | 6 | 3 | 20 |
| Net income | 29 | −3 | 4 | 44 | 57 | 17 | 9 | 60 |
| Diluted EPS | $0.56 | −$0.06 | $0.08 | $0.79 | $1.02 | $0.31 | $0.16 | $1.06 |
| EBITDA | 58 | 44 | 63 | 121 | 140 | 93 | 82 | 151 |
Compare with peers
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