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Construction Partners, Inc. logo

Construction Partners, Inc.

ROAD

NASDAQIndustrialsEngineering & Construction

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Latest quote

$112.31

−$1.02 · -0.90%

Aug 21, 3:55 PM ET

ROAD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

80

Undervalued

Momentum

29

Weakening

Sentiment

65

Bullish

Risk resilience

46

Elevated Risk

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Company profile

Company website

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.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
US
CEO
Fred J. Smith
Listed since
May 3, 2018
Employees
1,639

Market position

Volume
388.84K
0.49× average
Average volume
800.6K
Average daily volume
Market cap
6.34B USD
Beta
0.9
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
8.51B USD
P/E (TTM)
43.82×
P/B (TTM)
6.03×
P/S (TTM)
1.82×
EV / EBITDA
22.81×
Earnings yield
1.46%
Free cash flow yield
2.20%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
15.80%
Operating margin
8.86%
Net margin
4.10%
Return on equity
11.16%
Return on assets
3.14%
Return on invested capital
6.68%

Financial health

Debt / equity
1.82×
Current ratio
1.61×
Altman Z-score
2.98
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends17%11%6%0%Gross margin, FY2021: 12.82%Gross margin, FY2022: 10.53%Gross margin, FY2023: 12.73%Gross margin, FY2024: 14.17%Gross margin, FY2025: 15.61%Operating margin, FY2021: 3.36%Operating margin, FY2022: 2.30%Operating margin, FY2023: 4.63%Operating margin, FY2024: 5.95%Operating margin, FY2025: 8.53%Net margin, FY2021: 2.22%Net margin, FY2022: 1.64%Net margin, FY2023: 3.13%Net margin, FY2024: 3.78%Net margin, FY2025: 3.62%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 12.82%. Gross margin FY2022 10.53%. Gross margin FY2023 12.73%. Gross margin FY2024 14.17%. Gross margin FY2025 15.61%. Operating margin FY2021 3.36%. Operating margin FY2022 2.30%. Operating margin FY2023 4.63%. Operating margin FY2024 5.95%. Operating margin FY2025 8.53%. Net margin FY2021 2.22%. Net margin FY2022 1.64%. Net margin FY2023 3.13%. Net margin FY2024 3.78%. Net margin FY2025 3.62%.

Income trends

Revenue

2.81B USD+54.20%

Operating income

239.8M USD+121.01%

Net income

101.77M USD+47.63%
Income trends across reported periods3.09B USD1.97B USD857.83M USD−259.04M USDRevenue, FY2021: 910.74M USDRevenue, FY2022: 1.3B USDRevenue, FY2023: 1.56B USDRevenue, FY2024: 1.82B USDRevenue, FY2025: 2.81B USDOperating income, FY2021: 30.58M USDOperating income, FY2022: 29.95M USDOperating income, FY2023: 72.34M USDOperating income, FY2024: 108.5M USDOperating income, FY2025: 239.8M USDNet income, FY2021: 20.18M USDNet income, FY2022: 21.38M USDNet income, FY2023: 49M USDNet income, FY2024: 68.94M USDNet income, FY2025: 101.77M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 910.74M USD. Revenue FY2022 1.3B USD. Revenue FY2023 1.56B USD. Revenue FY2024 1.82B USD. Revenue FY2025 2.81B USD. Operating income FY2021 30.58M USD. Operating income FY2022 29.95M USD. Operating income FY2023 72.34M USD. Operating income FY2024 108.5M USD. Operating income FY2025 239.8M USD. Net income FY2021 20.18M USD. Net income FY2022 21.38M USD. Net income FY2023 49M USD. Net income FY2024 68.94M USD. Net income FY2025 101.77M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.81B USD1.82B USD1.56B USD1.3B USD910.74M USD
Cost of goods sold2.37B USD1.57B USD1.36B USD1.16B USD793.95M USD
Gross profit439.09M USD258.5M USD198.98M USD137.12M USD116.79M USD
Selling, general, and administrative199.29M USD150M USD126.65M USD107.16M USD85.26M USD
Operating expenses199.29M USD150M USD126.65M USD107.16M USD86.22M USD
Interest expense90.36M USD29.7M USD25.64M USD8.56M USD2.41M USD
Depreciation and amortization148.27M USD92.92M USD79.1M USD65.73M USD49.81M USD
Operating income239.8M USD108.5M USD72.34M USD29.95M USD30.58M USD
Net income101.77M USD68.94M USD49M USD21.38M USD20.18M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+84.95%
11 comparable reports
Latest EPS result
1.08
Estimate 1.01 · Beat by 6.93%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.550.970.39-0.19Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 7, 2025: actual 0.25, estimate 0.14, surprise +78.57%, Beat. Q2 2025, reported May 9, 2025: actual 0.08, estimate -0.068, surprise +217.08%, Beat. Q3 2025, reported Aug 7, 2025: actual 0.81, estimate 0.87, surprise -6.90%, Miss. Q4 2025, reported Nov 20, 2025: actual 1.07, estimate 1.09, surprise -1.83%, Miss. Q1 2026, reported Feb 5, 2026: actual 0.47, estimate 0.31, surprise +51.61%, Beat. Q2 2026, reported May 8, 2026: actual 0.18, estimate -0.05, surprise +460.00%, Beat. Q3 2026, reported Aug 7, 2026: actual 1.08, estimate 1.01, surprise +6.93%, Beat. Q4 2026, reported Nov 19, 2026: actual —, estimate 1.43, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.13B918.23M702.58M486.93MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 7, 2025: actual 561.58M USD, estimate 531.55M USD, surprise +5.65%, Beat. Q2 2025, reported May 9, 2025: actual 571.65M USD, estimate 561.28M USD, surprise +1.85%, Beat. Q3 2025, reported Aug 7, 2025: actual 779.28M USD, estimate 881.15M USD, surprise -11.56%, Miss. Q4 2025, reported Nov 20, 2025: actual 899.85M USD, estimate 896.05M USD, surprise +0.42%, Beat. Q1 2026, reported Feb 5, 2026: actual 809.5M USD, estimate 743.12M USD, surprise +8.93%, Beat. Q2 2026, reported May 8, 2026: actual 769.2M USD, estimate 678.46M USD, surprise +13.37%, Beat. Q3 2026, reported Aug 7, 2026: actual 999.42M USD, estimate 948.78M USD, surprise +5.34%, Beat. Q4 2026, reported Nov 19, 2026: actual —, estimate 1.09B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$140.33

25.10% upside
Past 12 months12-month forecastHigh $150Average $140.33Low $130

Rating distribution

9 ratings
Strong buy111%
Buy667%
Hold222%
Sell00%
Strong sell00%

Recent analyst actions

6 institutions
B. Riley SecuritiesupgradeNeutralBuy
B of A SecuritiesmaintainBuy

ROAD news

globenewswire.com

New Era Energy & Digital Files Q2 2026 Form 10-Q and Announces TCDC Construction Permits

Construction Permits in hand, Air permit filing will support ~550MW at Phase 2, expected to take combined TCDC Phase 1 and 2 capacity to ~757MW Construction Permits in hand, Air permit filing will support ~550MW at Phase…

Read source
defenseworld.net

Bank of America Corp DE Sells 24,291 Shares of Construction Partners, Inc. $ROAD

Bank of America Corp DE cut its stake in Construction Partners, Inc. (NASDAQ: ROAD) by 3.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm…

Read source
prnewswire.com

Construction Partners, Inc. Mourns the Passing of Michael McKay, Member of the Board of Directors

DOTHAN, Ala., Aug. 10, 2026 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company") today announced with deep sadness that Michael H.

Read source
seekingalpha.com

Construction Partners, Inc. (ROAD) Q3 2026 Earnings Call Transcript

Construction Partners, Inc. (ROAD) Q3 2026 Earnings Call Transcript

Read source
marketbeat.com

Construction Partners Q3 Earnings Call Highlights

Construction Partners NASDAQ: ROAD reported third-quarter fiscal 2026 revenue growth of 28.2% and raised its full-year outlook, citing organic expansion, acquisitions, record backlog and continued demand for public…

Read source
zacks.com

Construction Partners (ROAD) Q3 Earnings and Revenues Surpass Estimates

Construction Partners (ROAD) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $0.81 per share a year ago.

Read source

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ETFs holding ROAD

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
351.77M
Weight
0.31%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
First Trust RBA American Industrial RenaissanceTM ETF logoFirst Trust RBA American Industrial RenaissanceTM ETFAIRR
Market value
148.07M
Weight
1.46%
AUM
10.14B USD
Expense ratio
0.69%
Price / 1D
$115.27-0.10%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
142.36M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
139M
Weight
0.17%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
102.63M
Weight
0.06%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
59.29M
Weight
0.13%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
57.11M
Weight
0.06%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares S&P Small-Cap 600 Growth ETF logoiShares S&P Small-Cap 600 Growth ETFIJT
Market value
53.54M
Weight
0.64%
AUM
8.22B USD
Expense ratio
0.18%
Price / 1D
$173.9+0.61%

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