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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% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,301.67 | 1,563.55 | 1,823.89 | 2,812.36 |
| Operating Revenue | - | 1,301.67 | 1,563.55 | 1,823.89 | 2,812.36 |
| Cost Of Revenue | - | 1,162.37 | 1,367.16 | 1,565.64 | 2,373.26 |
| Gross Profit | - | 139.30 | 196.38 | 258.25 | 439.09 |
| Operating Expense | - | 107.56 | 126.50 | 147.61 | 199.29 |
| Selling General And Administration | - | 107.56 | 126.50 | 147.61 | 199.29 |
| Total Expenses | - | 1,269.93 | 1,493.67 | 1,713.24 | 2,572.55 |
| Operating Income | - | 31.74 | 69.88 | 110.65 | 239.80 |
| Total Operating Income As Reported | - | 35.41 | 81.88 | 111.24 | 224.81 |
| EBITDA | - | 101.74 | 161.85 | 204.09 | 373.17 |
| Normalized EBITDA | - | 98.07 | 149.85 | 203.50 | 388.16 |
| EBIT | - | 36.01 | 82.75 | 111.17 | 224.90 |
| Interest Expense | - | 7.70 | 17.35 | 19.07 | 90.36 |
| Net Interest Income | - | -7.70 | -17.35 | -19.07 | -90.36 |
| Other Non Operating Income Expenses | - | 0.60 | 0.88 | -0.07 | 0.09 |
| Other Income Expense | - | 4.27 | 12.87 | 0.52 | -14.91 |
| Interest Expense Non Operating | - | 7.70 | 17.35 | 19.07 | 90.36 |
| Net Non Operating Interest Income Expense | - | -7.70 | -17.35 | -19.07 | -90.36 |
| Pretax Income | - | 28.31 | 65.40 | 92.10 | 134.54 |
| Tax Provision | - | 6.92 | 16.40 | 23.16 | 32.75 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.90 | 3.01 | 0.15 | -3.64 |
| Net Income Continuous Operations | - | 21.38 | 49 | 68.94 | 101.78 |
| Net Income From Continuing And Discontinued Operation | - | 21.38 | 49 | 68.94 | 101.78 |
| Net Income From Continuing Operation Net Minority Interest | - | 21.38 | 49 | 68.94 | 101.78 |
| Net Income | - | 21.38 | 49 | 68.94 | 101.78 |
| Net Income Common Stockholders | - | 21.38 | 49 | 68.94 | 101.78 |
| Net Income Including Noncontrolling Interests | - | 21.38 | 49 | 68.94 | 101.78 |
| Normalized Income | - | 18.60 | 40.01 | 68.49 | 113.13 |
| Diluted NI Availto Com Stockholders | - | 21.38 | 49 | 68.94 | 101.78 |
| Basic Average Shares | - | 51.77 | 51.83 | 51.88 | 54.94 |
| Diluted Average Shares | - | 51.96 | 52.26 | 52.57 | 55.37 |
| Reconciled Depreciation | - | 65.73 | 79.10 | 92.92 | 148.27 |
| Reconciled Cost Of Revenue | - | 1,162.37 | 1,367.16 | 1,565.64 | 2,373.26 |
| Total Unusual Items | - | 3.67 | 12 | 0.59 | -14.99 |
| Total Unusual Items Excluding Goodwill | - | 3.67 | 12 | 0.59 | -14.99 |
| Earnings From Equity Interest Net Of Tax | - | -0.02 | 0 | 0 | -0.01 |
| Special Income Charges | - | 3.67 | 12 | 0.59 | -14.99 |
| Restructuring And Mergern Acquisition | - | - | 0.44 | 3.89 | 25.90 |
| General And Administrative Expense | - | 107.56 | 126.50 | 147.61 | 199.29 |
| Other Gand A | - | 107.56 | 126.50 | 147.61 | 199.29 |
| Gain On Sale Of Ppe | - | 3.67 | 12.44 | 4.48 | 10.91 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Construction Partners, Inc.this co. | ROAD | $6.4B | 62.73 | 7.00 | 11.2% | 21.22 |
| Terex Corporation | TEX | $7.2B | 32.39 | 3.42 | 10.5% | 14.31 |
| Fluor Corporation | FLR | $7.0B | -138.05 | 2.17 | -1.6% | -29.73 |
| Brookfield Business Corporation | BBUC | $6.8B | 262.64 | 2.98 | 1.1% | 6.66 |
| Firefly Aerospace Inc. | FLY | $6.8B |
| - |
| - |
| - |
| - |
| - |
| - |
| -22.75 |
| 5.70 |
| -25.1% |
| -21.68 |
| GATX Corporation | GATX | $6.1B | 18.44 | 2.23 | 12.1% | 16.11 |
| Intuitive Machines, Inc. | LUNR | $5.4B | -64.78 | -7.15 | 11.0% | -54.52 |
| Plug Power Inc. | PLUG | $5.0B | -3.08 | 5.13 | -166.8% | -3.57 |
| Archer Aviation Inc. | ACHR | $4.9B | -7.87 | 2.21 | -28.1% | -5.59 |
| Peer Median | - | -5.48 | 2.61 | -0.2% | -4.58 | |