ROADNasdaqHeavy Construction Other Than Bldg Const - ContractorsFiscal year ends September 30
Construction Partners, Inc.
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$83.17+0.46 (+0.56%)
Close on Oct 19, 2026
- Market cap
- $4.68B
- P/E (TTM)
- 32.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2016 to 2025
Gross margin
15.6%+0.1 pts over 5 years
Operating margin
8.0%+1.0 pts over 5 years
Net margin
3.6%−1.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +54.2% | +29.3% | +29.1% | – | |
| Gross profit | +70.0% | +46.6% | +29.1% | – | |
| Operating income | +102.1% | +85.2% | +32.4% | – | |
| Net income | +47.6% | +68.2% | +20.4% | – | |
| EPS, diluted | +40.5% | +64.9% | +18.7% | – | |
| Free cash flow | +26.6% | – | +23.9% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 10.8% | 13.7% | |
| Return on assets | – | 6.9% | 4.3% | |
| Current ratio | – | 2.44 | 1.61 | |
| Debt to equity | – | 0.23 | 1.77 | |
| Net debt to EBITDA | – | -0.60× | 3.95× | |
| Interest coverage | – | – | 2.5× | |
| Inventory turnover | – | 18.2× | 18.1× | |
| Capex to revenue | – | 6.7% | 4.9% | |
| Diluted shares | – | 52M | 55M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Construction Partners generated $722.54M from operations and spent $483.89M on capital expenditure, dividends and share buybacks. 93% of that went back into the business.
Generated
$722.54M
Used
$483.89M
Capital expenditure$448.85M93%Dividends$00%Share buybacks$35.03M7%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.6%
×Asset turnover1.18×
×Equity multiplier3.22×
=Return on equity, FY202513.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 3.6% | 1.18× | 3.22× | 13.7% |
| FY2024 | 3.8% | 1.32× | 2.53× | 12.6% |
| FY2023 | 3.1% | 1.35× | 2.38× | 10.1% |
| FY2022 | 1.6% | 1.37× | 2.20× | 4.9% |
| FY2021 | 2.2% | 1.27× | 1.77× | 5.0% |
| FY2020 | 5.1% | 1.35× | 1.56× | 10.8% |
| FY2019 | 5.5% | 1.52× | 1.60× | 13.4% |
| FY2018 | 7.5% | 1.65× | 1.83× | 22.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$101.78M
- Cash generatingOperating cash flow above zero$291.30M
- Return on assets improvedROA up on the prior year5.7% → 6.6%
- Earnings backed by cashOperating cash flow above net income$291.30M vs $101.78M
- Less leverageLong-term debt to assets fell31.6% → 48.6%
- Better liquidityCurrent ratio rose1.54 → 1.61
- No dilutionShare count did not rise53M → 55M
- Gross margin improvedGross margin up on the prior year14.16% → 15.61%
- More efficientAsset turnover rose1.50 → 1.82