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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.8B | $373M | $102M | $153M | 11.2% | 54.2% | 47.6% |
| 2024 | $1.8B | $204M | $69M | $121M | 12.0% | 16.7% | 40.7% |
| 2023 | $1.6B | $162M | $49M | $59M | 9.5% | 20.1% | 129.2% |
| 2022 | $1.3B | $102M | $21M | $-52M | 4.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,301.67 | 1,563.55 | 1,823.89 | 2,812.36 |
| Cost Of Revenue | 1,162.37 | 1,367.16 | 1,565.63 | 2,373.26 |
| Gross Profit | 139.30 | 196.38 | 258.25 | 439.09 |
| Operating Expense | 107.56 | 126.50 | 147.61 | 199.29 |
| Operating Income | 31.74 | 69.88 | 110.65 | 239.80 |
| EBITDA | 101.74 | 161.85 | 204.09 | 373.17 |
| EBIT | 36.01 | 82.75 | 111.17 | 224.90 |
| Pretax Income | 28.31 | 65.40 | 92.10 | 134.54 |
| Tax Provision | 6.92 | 16.40 | 23.16 | 32.75 |
| Net Income | 21.38 | 49 | 68.94 | 101.78 |
| Net Income Common Stockholders | 21.38 | 49 | 68.94 | 101.78 |
| Total Expenses | 1,269.93 | 1,493.67 | 1,713.24 | 2,572.55 |
| Interest Expense | 7.70 | 17.35 | 19.07 | 90.36 |
| Selling General And Administration | 107.56 | 126.50 | 147.61 | 199.29 |
| Normalized EBITDA | 98.07 | 149.85 | 203.50 | 388.16 |
| Normalized Income | 18.60 | 40.01 | 68.49 | 113.13 |
| Basic EPS | 0.41 | 0.95 | 1.33 | 1.85 |
| Diluted EPS | 0.41 | 0.94 | 1.31 | 1.84 |
| Tax Effect Of Unusual Items | 0.90 | 3.01 | 0.15 | -3.64 |
| Tax Rate For Calcs | 0.24 | 0.25 | 0.25 | 0.24 |
| Total Unusual Items | 3.67 | 11.99 | 0.59 | -14.99 |
| Total Unusual Items Excluding Goodwill | 3.67 | 11.99 | 0.59 | -14.99 |
| Net Income From Continuing Operation Net Minority Interest | 21.38 | 49 | 68.94 | 101.78 |
| Reconciled Depreciation | 65.73 | 79.10 | 92.92 | 148.27 |
| Reconciled Cost Of Revenue | 1,162.37 | 1,367.16 | 1,565.63 | 2,373.26 |
| Net Interest Income | -7.70 | -17.35 | -19.07 | -90.36 |
| Net Income From Continuing And Discontinued Operation | 21.38 | 49 | 68.94 | 101.78 |
| Total Operating Income As Reported | 35.41 | 81.88 | 111.24 | 224.81 |
| Diluted Average Shares | 51.96 | 52.26 | 52.57 | 55.37 |
| Basic Average Shares | 51.77 | 51.83 | 51.88 | 54.94 |
| Diluted NI Availto Com Stockholders | 21.38 | 49 | 68.94 | 101.78 |
| Net Income Including Noncontrolling Interests | 21.38 | 49 | 68.94 | 101.78 |
| Net Income Continuous Operations | 21.38 | 49 | 68.94 | 101.78 |
| Earnings From Equity Interest Net Of Tax | -0.02 | 0 | 0 | -0.01 |
| Other Income Expense | 4.27 | 12.87 | 0.52 | -14.91 |
| Other Non Operating Income Expenses | 0.60 | 0.88 | -0.07 | 0.09 |
| Special Income Charges | 3.67 | 11.99 | 0.59 | -14.99 |
| Gain On Sale Of Ppe | 3.67 | 12.44 | 4.48 | 10.91 |
| Restructuring And Mergern Acquisition | 0 | 0.44 | 3.89 | 25.90 |
| Net Non Operating Interest Income Expense | -7.70 | -17.35 | -19.07 | -90.36 |
| Interest Expense Non Operating | 7.70 | 17.35 | 19.07 | 90.36 |
| General And Administrative Expense | 107.56 | 126.50 | 147.61 | 199.29 |
| Other Gand A | 107.56 | 126.50 | 147.61 | 199.29 |
| Operating Revenue | 1,301.67 | 1,563.55 | 1,823.89 | 2,812.36 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Construction Partners, Inc.this co. | ROAD | $6.5B | 52.19↑ premium | 6.73 | 11.2% | 17.97 |
| EnerSys | ENS | $7.6B | 25.52 | 3.99 | 18.9% | 14.10 |
| Fluor Corporation | FLR | $7.4B | - | 2.43 | -1.6% | -24.46 |
| Commercial Metals Company | CMC | $7.4B | 14.91 | 1.68 | 2.0% | 9.91 |
| Terex Corporation | TEX | $6.9B |
| 18.23 |
| 1.88 |
| 10.5% |
| 14.04 |
| GATX Corporation | GATX | $6.9B | 21.23 | 2.49 | 9.2% | 19.80 |
| Firefly Aerospace Inc. | FLY | $5.4B | - | 4.48 | -25.1% | -23.98 |
| Plug Power Inc. | PLUG | $4.8B | - | 4.86 | -162.6% | -7.99 |
| Tutor Perini Corporation | TPC | $4.5B | 56.98 | 3.73 | 6.4% | 15.23 |
| Peer Median | - | 21.23 | 3.11 | 4.2% | 11.98 | |