Construction Partners, Inc. (ROAD) Stock Analysis
Industrials · Engineering & Construction · NasdaqGS
Construction Partners, Inc. (ROAD) posted $2.81B in revenue for fiscal 2025 (up 54.2% year over year), at a 3.6% net margin, and has compounded revenue about 29.1%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Construction Partners, Inc.
Construction Partners, Inc. has grown revenue from $568.21M to $2.81B over the last 9 fiscal years, compounding about 29.1% a year. The most recent year was up 54.2%, so growth is actually accelerating.
Net margin sits at 3.6% on a 15.6% gross margin. It carries about $1.61B of total debt.
At today's valuation the market is pricing in roughly 16.6% annual free-cash-flow growth — versus the 23.9% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is heavy debt load.
Synthesised from Construction Partners, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Construction Partners, Inc. revenue & earnings — last 9 fiscal years
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $568.21M | $680.10M | $783.24M | $785.68M | $910.74M | $1.30B | $1.56B | $1.82B | $2.81B |
| Gross profit | $90.97M | $99.54M | $117.95M | $122.21M | $119.94M | $139.30M | $196.38M | $258.25M | $439.09M |
| Net income | $26.04M | $50.79M | $43.12M | $40.30M | $20.18M | $21.38M | $49.00M | $68.94M | $101.78M |
| Net margin | 4.6% | 7.5% | 5.5% | 5.1% | 2.2% | 1.6% | 3.1% | 3.8% | 3.6% |
Source: Construction Partners, Inc. SEC filings (10-K).
Construction Partners, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $1650.6M is 5.7× last year's operating cash flow — it would take years of cash flow to clear.
What growth is priced into ROAD stock?
At today's market cap of $5.90B, Construction Partners, Inc. is priced for free-cash-flow growth of about 16.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $153.37M from the FY ending 2025-09-30). For comparison, free cash flow actually grew 23.9%/yr over the last five fiscal years and revenue 29.1%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 9 years of Construction Partners, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Construction Partners, Inc. financial history by metric
Compare Construction Partners, Inc. with peers
About Construction Partners, Inc.
Construction Partners, Inc., a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; and paving activities, including the construction of roadway base layers and application of asphalt pavement. In addition, the company is involved in site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel, and construction stones that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was incorporated in 2007 and is headquartered in Dothan, Alabama.
Construction Partners, Inc. — frequently asked questions
What is Construction Partners, Inc.'s revenue?
Construction Partners, Inc. (ROAD) reported revenue of $2.81B for fiscal year 2025, up 54.2% from the prior year, according to its SEC filings.
Is Construction Partners, Inc. profitable?
Yes. ROAD earned net income of $101.78M in fiscal 2025, a net margin of 3.6%.
What is ROAD's P/E ratio?
Construction Partners, Inc. trades at a price-to-earnings ratio of about 45.6 based on the latest data in our nightly-refreshed cache.
How fast is Construction Partners, Inc. growing?
ROAD's revenue grew at roughly 29.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Construction Partners, Inc. have?
As of fiscal year 2025, ROAD carried roughly $1.61B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Construction Partners, Inc.'s gross margin?
ROAD's gross margin was 15.6% in fiscal 2025 — gross profit of $439.09M on revenue of $2.81B.
What is Construction Partners, Inc.'s market cap?
Construction Partners, Inc. (ROAD) has a market capitalization of about $5.90B, based on the latest data in our nightly-refreshed cache.
When does Construction Partners, Inc.'s fiscal year end?
ROAD's fiscal year ends in September. Its most recent annual filing covers the fiscal year ending 2025-09-30.
What growth is priced into ROAD stock?
At today's market cap of $5.90B, Construction Partners, Inc. is priced for free-cash-flow growth of about 16.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $153.37M from the FY ending 2025-09-30). For comparison, free cash flow actually grew 23.9%/yr over the last five fiscal years and revenue 29.1%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Construction Partners, Inc.'s official SEC filings (10-K and 10-Q), covering 9 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.