9 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 29.1% per year over the past 5 years.
Net income has grown slower than revenue (20.4% vs 29.1% per year).
Operating margin has been roughly flat, at 8.0% in the latest year.
Free cash flow has grown 23.9% per year over the past 5 years.
Financial health
Total debt ($1.6B) exceeds cash ($156M); net debt is $1.5B.
Total debt has grown faster than revenue (77.3% vs 29.1% per year).
Operating income covered interest expense 2.5× in the latest year.
Total debt is 4.4× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$2.8B
$102M
15.6%
8.0%
$153M
$1.6B
$156M
2024
$1.8B
$69M
14.2%
6.1%
$121M
$515M
$75M
2023
$1.6B
$49M
12.6%
5.2%
$59M
$376M
$48M
2022
$1.3B
$21M
10.7%
2.7%
-$52M
$377M
$36M
2021
$911M
$20M
13.2%
3.3%
-$8M
$218M
$57M
2020
$786M
$40M
15.6%
7.0%
$53M
$93M
$148M
2019
$783M
$43M
15.1%
7.3%
$13M
$50M
$81M
2018
—
$51M
—
—
$23M
$63M
$99M
2017
—
$26M
—
—
$23M
$58M
$28M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$769M
$9M
12.9%
4.9%
$19M
$1.7B
$77M
Dec '25
$809M
$17M
15.0%
6.2%
$47M
$1.7B
$104M
Sep '25
$900M
$57M
17.7%
11.2%
$79M
$1.6B
$156M
Jun '25
$779M
$44M
16.9%
10.6%
$46M
$1.4B
$114M
Mar '25
$572M
$4M
12.5%
4.8%
$14M
$1.4B
$102M
Dec '24
$562M
-$3M
13.6%
2.5%
$14M
$1.2B
$133M
Sep '24
$538M
$29M
15.6%
8.5%
$78M
$515M
$75M
Jun '24
$518M
$31M
16.1%
8.8%
$20M
$478M
$56M
Mar '24
$371M
-$1M
10.4%
0.8%
-$11M
$438M
$48M
Dec '23
$397M
$10M
13.1%
4.2%
$34M
$442M
$69M
Sep '23
$475M
$31M
15.9%
9.4%
$44M
$376M
$48M
Jun '23
$422M
$22M
15.2%
7.9%
$30M
$419M
$55M
Mar '23
$325M
-$5M
8.1%
-0.8%
-$12M
$422M
$31M
Dec '22
$342M
$2M
8.9%
1.9%
-$3M
$426M
$43M
Sep '22
$393M
$13M
12.6%
5.2%
$10M
$377M
$36M
Jun '22
$380M
$12M
11.6%
4.7%
-$31M
$354M
$26M
Mar '22
$243M
-$9M
5.1%
-4.7%
-$16M
$327M
$30M
Dec '21
$285M
$6M
11.6%
3.0%
-$16M
$284M
$36M
Sep '21
$279M
$8M
12.4%
4.1%
$22M
$218M
$57M
Jun '21
$262M
$9M
14.0%
5.4%
-$6M
$199M
$134M
Valuation over time
How the market has priced ROAD against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 70.3× (Mar '23) to 69.1× (Jun '26).
The price-to-sales ratio has risen from 1.2× (Mar '23) to 2.5× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is ROAD growing its revenue and profit?
Over the past 5 years, Construction Partners, Inc.'s revenue has grown 29.1% per year, and net income grown 20.4% per year. These are computed facts, not advice.
How much debt does ROAD have?
As of FY2025, Construction Partners, Inc. reported $1.6B of total debt against $156M of cash; operating income covered interest expense 2.5×.
What is ROAD's profit margin?
In FY2025, gross margin was 15.6%, operating margin 8.0%, and net margin 3.6%.
What is ROAD's P/E ratio?
As of Jun '26, Construction Partners, Inc. traded at a price-to-earnings ratio of about 69.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.