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Vertically integrated road-construction and paving company operating in the Southeast US, owning its own asphalt/aggregates.
Vertically integrated road-construction and paving company operating in the Southeast US, owning its own asphalt/aggregates.
Wins mostly publicly funded road work priced by competitive bid, and makes its own asphalt from plants it owns, so it controls cost and supply for each job. Growth has come partly from acquiring regional paving firms, and results are closely tied to state transportation budgets.
Moat: narrow (scale, distribution, regulatory licence). Owns local aggregates/asphalt plants, giving a cost/logistics edge on nearby paving contracts.
Headquarters: Dothan, Alabama, US · Founded: 1999 · Employees: 6,412
Size Construction Partners (ROAD) is a United States Industrials company (Engineering & Construction) with a market value of $4.38B, the 1288th largest of 3,117 United States companies the cockpit tracks. Shares closed at $77.18 on 6 Nov 2026.
Performance Over six months the shares fell 45.1%, against -8.7% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 41.9% over the last twelve months (peer median +9.4%); the operating margin is 8.8% (peer median 7.0%).
Valuation It trades at 26.5× forward earnings against a peer median of 18.5× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +29%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.2 points above its cost of capital (8.3% WACC).
Backlog Backlog (remaining performance obligations) was $2.70B at 30 Jun 2026, up 23% on a year earlier — 0.8 years of trailing revenue. Backlog detail →
Short interest Short interest is 7.6% of the free float (15 Oct 2026).
Next results Next results expected around 24 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.48B | $2.81B | $1.82B | $1.56B | $1.30B |
| Revenue growth | — | +54% | +17% | +20% | — |
| Gross profit | $551M | $439M | $258M | $199M | $137M |
| EBITDA | $481M | $411M | $201M | $151M | $95.7M |
| Net income | $143M | $102M | $68.9M | $49.0M | $21.4M |
| Free cash flow | $176M | $153M | $121M | $59.3M | -$52.4M |
| Capital expenditure | $177M | $138M | $87.9M | $97.8M | $68.9M |
| Total debt | $1.89B | $1.69B | $553M | $391M | $390M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Construction Partners ROAD | $4.38B | -45% | +42% | 9% | 26.5× | 12.5% |
| Vulcan Materials VMC | $36.3B | 0% | +2% | 21% | 29.5× | 18.7% |
| Sterling Infrastructure STRL | $7.71B | -70% | +93% | 19% | 9.4× | 8.8% |
| Granite Construction GVA | $5.32B | -15% | +25% | 7% | 16.7× | 10.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ROAD | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.6% | +0.2% | 6th lowest of 21 |
| 6-month return | -45.1% | -8.7% | 3rd lowest of 21 |
| Distance from 52-week high | -48.9% | -28.6% | 6th lowest of 21 |
| Revenue growth (TTM) | +41.9% | +9.4% | 3rd highest of 21 |
| Operating margin | 8.8% | 7.0% | 8th highest of 21 |
| Forward P/E | 26.5× | 18.5× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 12.5% | 6.0% | 5th most demanding of 15 |
| Growth delivered (Del g) | +29.1% | +10.4% | highest of 15 |
| Hurdle (Req g minus delivered) | -16.6 pp | -0.5 pp | 4th least demanding of 15 |
| ROIC minus cost of capital | +0.2 pp | +2.8 pp | 8th lowest of 19 |
| EV / EBITDA | 12.8× | 12.9× | 6th cheapest of 13 |
| Net debt / EBITDA | 3.7× | 0.9× | 4th most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Construction Partners ROAD | United States | $4.38B | -45% | +42% | 9% | 26.5× | 12.5% | +29.1% |
| Arcadis ARCAD.AS | Netherlands | $4.42B | +31% | -1% | 6% | 15.0× | 5.5% | +8.1% |
| Central New Energy 1735.HK | Hong Kong | $4.42B | -11% | +76% | 1% | 63.1× | n/a | n/a |
| INFRONEER 5076.T | Japan | $4.44B | +2% | +44% | 6% | 6.2× | 0.0% | +10.7% |
| Rail Vikas Nigam RVNL.NS | India | $4.27B | -37% | +5% | 4% | 46.0× | n/a | n/a |
| Offshore Oil Engineering 600583.SS | China | $4.22B | -6% | +7% | 8% | 12.1× | n/a | n/a |
| China Nuclear Engineering and Construction 601611.SS | China | $4.22B | -29% | -14% | 4% | 26.9× | n/a | n/a |
| MYR MYRG | United States | $4.09B | -40% | +23% | 6% | 18.1× | 14.0% | +10.2% |
| Tutor Perini TPC | United States | $4.73B | +8% | +25% | 4% | 18.8× | 9.6% | +0.8% |
| Guangdong Provincial Expressway Development 000429.SZ | China | $4.01B | +9% | +1% | 58% | 18.2× | n/a | n/a |
| Zhejiang Weiming Environment Protection 603568.SS | China | $4.01B | -27% | -25% | 36% | 11.0× | 6.4% | +15.0% |
| Exponent EXPO | United States | $3.99B | +37% | +15% | 21% | 32.6× | 10.8% | +7.8% |
| MAIRE MAIRE.MI | Italy | $4.81B | -12% | +7% | 7% | 14.7× | 2.9% | +22.1% |
| Budimex BDX.WA | Poland | $4.82B | +10% | +12% | 9% | 26.5× | 15.7% | +4.1% |
| Wuxi Taiji Industry 600667.SS | China | $3.98B | +32% | -14% | 3% | 21.9× | 13.0% | +11.5% |
| VSE VSEC | United States | $4.85B | -10% | +23% | 12% | 22.1× | n/a | n/a |
| Everus Construction ECG | United States | $3.91B | -53% | +33% | 8% | 12.2× | 13.9% | +11.5% |
| China Everbright Environment 0257.HK | Hong Kong | $3.91B | -11% | -5% | 29% | 7.0× | -0.1% | -8.5% |
| Argan AGX | United States | $3.89B | -59% | +29% | 15% | 20.5× | 0.3% | +19.2% |
| Guangdong Hongda 002683.SZ | China | $3.86B | -7% | +15% | 10% | 23.7× | 4.9% | +26.1% |
| Koninklijke BAM Groep BAMNB.AS | Netherlands | $3.85B | +37% | +7% | 3% | 11.5× | -5.2% | +0.8% |
Construction Partners reported $2.70B of remaining performance obligations at 30 Jun 2026, up 23% from a year earlier and up 4% from the previous quarter. That is 0.8 years of trailing revenue already under contract. Book-to-bill last quarter: 1.10.