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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$2.8B
$102M
15.6%
8.0%
11.2%
3.1%
$153M
$1.6B
$156M
2024
$1.8B
$69M
14.2%
6.1%
12.0%
4.5%
$121M
$515M
$75M
2023
$1.6B
$49M
12.6%
5.2%
9.5%
4.0%
$59M
$376M
$48M
2022
$1.3B
$21M
10.7%
2.7%
4.7%
2.0%
-$52M
$377M
$36M
2021
$911M
$20M
13.2%
3.3%
4.9%
2.5%
-$8M
$218M
$57M
2020
$786M
$40M
15.6%
7.0%
10.1%
6.4%
$53M
$93M
$148M
2019
$783M
$43M
15.1%
7.3%
12.6%
8.1%
$13M
$50M
$81M
2018
—
$51M
—
—
17.0%
10.2%
$23M
$63M
$99M
2017
—
$26M
—
—
17.1%
7.9%
$23M
$58M
$28M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$999M
$60M
16.8%
10.9%
5.7%
1.6%
$31M
$1.8B
$95M
Mar '26
$769M
$9M
12.9%
4.9%
0.9%
0.3%
$19M
$1.7B
$77M
Dec '25
$809M
$17M
15.0%
6.2%
1.8%
0.5%
$47M
$1.7B
$104M
Sep '25
$900M
$57M
17.7%
11.2%
6.2%
1.7%
$79M
$1.6B
$156M
Jun '25
$779M
$44M
16.9%
10.6%
5.2%
1.5%
$46M
$1.4B
$114M
Mar '25
$572M
$4M
12.5%
4.8%
0.5%
0.2%
$14M
$1.4B
$102M
Dec '24
$562M
-$3M
13.6%
2.5%
-0.4%
-0.1%
$14M
$1.2B
$133M
Sep '24
$538M
$29M
15.6%
8.5%
5.1%
1.9%
$78M
$515M
$75M
Jun '24
$518M
$31M
16.1%
8.8%
5.6%
2.2%
$20M
$478M
$56M
Mar '24
$371M
-$1M
10.4%
0.8%
-0.2%
-0.1%
-$11M
$438M
$48M
Dec '23
$397M
$10M
13.1%
4.2%
1.9%
0.8%
$34M
$442M
$69M
Sep '23
$475M
$31M
15.9%
9.4%
6.0%
2.5%
$44M
$376M
$48M
Jun '23
$422M
$22M
15.2%
7.9%
4.5%
1.8%
$30M
$419M
$55M
Mar '23
$325M
-$5M
8.1%
-0.8%
-1.2%
-0.5%
-$12M
$422M
$31M
Dec '22
$342M
$2M
8.9%
1.9%
0.4%
0.2%
-$3M
$426M
$43M
Sep '22
$393M
$13M
12.6%
5.2%
2.9%
1.2%
$10M
$377M
$36M
Jun '22
$380M
$12M
11.6%
4.7%
2.8%
1.2%
-$31M
$354M
$26M
Mar '22
$243M
-$9M
5.1%
-4.7%
-2.3%
-1.0%
-$16M
$327M
$30M
Dec '21
$285M
$6M
11.6%
3.0%
1.3%
0.6%
-$16M
$284M
$36M
Sep '21
$279M
$8M
12.4%
4.1%
1.9%
1.0%
$22M
$218M
$57M
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 71.4× (Mar '23) to 53.9× (Nov '26).
The price-to-sales ratio has risen from 1.2× (Mar '23) to 1.9× (Nov '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?
Construction Partners, Inc.'s P/E (TTM) is 38.48 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ROAD stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 53.9× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.