Construction Partners (ROAD) Financials

$102.54 +2.12 (+2.11%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$102.53 -0.01 (-0.01%)

As of 05/23/2025 07:52 PM Eastern

Annual Income Statements for Construction Partners

This table shows Construction Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017
Net Income / (Loss) Attributable to Common Shareholders	58	50	39	20	40	43	51	26
Consolidated Net Income / (Loss)	69	49	21	20	40	43	51	26
Net Income / (Loss) Continuing Operations	69	49	21	20	40	42	50	26
Total Pre-Tax Income	92	65	28	29	52	56	60	41
Total Operating Income	111	82	35	30	55	57	61	47
Total Gross Profit	258	196	139	120	122	118	100	91
Total Revenue	1,824	1,564	1,302	911	786	783	680	568
Operating Revenue	1,824	1,564	1,302	911	786	783	680	568
Total Cost of Revenue	1,566	1,367	1,162	791	663	665	581	477
Operating Cost of Revenue	1,566	1,367	1,162	791	663	665	581	477
Total Operating Expenses	147	120	104	90	67	61	38	44
Selling, General & Admin Expense	151	127	108	92	69	63	55	48
Other Special Charges / (Income)	-4.48	-7.05	-3.67	-2.04	-1.62	-1.91	-17	-3.48
Total Other Income / (Expense), net	-19	-11	-7.12	-1.58	-2.78	-1.45	-1.17	-5.80
Interest & Investment Income	-19	-17	-7.72	0.01	-	-	-	-
Other Income / (Expense), net	-0.07	6.26	0.60	0.82	0.34	0.42	0.10	-0.21
Income Tax Expense	23	16	6.92	8.35	13	14	11	15
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	10	-0.85	-17	0.02	-	-	-	-
Basic Earnings per Share	$1.33	$0.95	$0.41	$0.39	$0.78	$0.84	$1.11	$0.63
Weighted Average Basic Shares Outstanding	51.88M	51.83M	51.77M	51.64M	51.49M	51.42M	45.61M	41.55M
Diluted Earnings per Share	$1.31	$0.94	$0.41	$0.39	$0.78	$0.84	$1.11	$0.63
Weighted Average Diluted Shares Outstanding	52.57M	52.26M	51.96M	51.77M	51.64M	51.43M	45.92M	41.55M
Weighted Average Basic & Diluted Shares Outstanding	55.88M	52.71M	52.69M	52.37M	51.78M	51.30M	51.41M	-

This table shows Construction Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	4.22	-3.05	18	31	-1.12	9.84	32	22	-5.48	1.89	31
Consolidated Net Income / (Loss)	4.22	-3.05	29	31	-1.12	9.84	31	22	-5.48	1.89	13
Net Income / (Loss) Continuing Operations	4.23	-3.05	29	31	-1.12	9.84	31	22	-5.48	1.89	13
Total Pre-Tax Income	5.54	-3.90	40	41	-1.45	13	41	29	-6.96	2.40	17
Total Operating Income	27	14	46	46	3.08	17	45	33	-2.55	6.33	20
Total Gross Profit	71	77	84	83	39	52	76	64	26	30	50
Total Revenue	572	562	538	518	371	397	475	422	325	342	393
Operating Revenue	572	562	538	518	371	397	475	422	325	342	393
Total Cost of Revenue	500	485	454	434	333	345	399	358	299	311	343
Operating Cost of Revenue	500	485	454	434	333	345	399	358	299	311	343
Total Operating Expenses	44	63	38	38	36	35	36	31	29	24	29
Selling, General & Admin Expense	47	44	40	39	37	35	33	32	32	30	31
Restructuring Charge	0.81	20	-	-	-	0.53	-	-	-	-	-
Other Special Charges / (Income)	-3.41	-1.06	-1.52	-1.09	-1.03	-0.84	-2.22	-1.50	-3.16	-0.17	-1.89
Total Other Income / (Expense), net	-22	-18	-6.20	-4.64	-4.53	-3.77	1.79	-4.55	-4.40	-3.93	-3.28
Interest Expense	22	18	-	-	4.57	3.75	-	-	4.80	3.96	-
Interest & Investment Income	-0.01	-	-	-4.67	-	-	-	-5.04	-	-	-
Other Income / (Expense), net	-0.16	0.42	-0.12	0.03	0.04	-0.03	5.34	0.49	0.40	0.03	0.26
Income Tax Expense	1.31	-0.85	10	10	-0.32	3.12	10	7.12	-1.47	0.51	4.05
Basic Earnings per Share	$0.08	($0.06)	$0.56	$0.60	($0.02)	$0.19	$0.60	$0.42	($0.11)	$0.04	$0.25
Weighted Average Basic Shares Outstanding	55.25M	54.16M	51.88M	51.91M	51.94M	51.89M	51.83M	51.83M	51.83M	51.82M	51.77M
Diluted Earnings per Share	$0.08	($0.06)	$0.55	$0.59	($0.02)	$0.19	$0.60	$0.41	($0.11)	$0.04	$0.25
Weighted Average Diluted Shares Outstanding	55.67M	54.16M	52.57M	52.65M	51.94M	52.43M	52.26M	52.29M	51.83M	52.12M	51.96M
Weighted Average Basic & Diluted Shares Outstanding	56.03M	55.95M	55.88M	52.76M	52.83M	52.83M	52.71M	52.73M	52.75M	52.72M	52.69M

This table details how cash moves in and out of Construction Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017
Net Change in Cash & Equivalents	28	14	-22	-91	68	-19	59	-24
Net Cash From Operating Activities	209	157	16	49	105	55	66	47
Net Cash From Continuing Operating Activities	209	157	16	49	105	55	53	47
Net Income / (Loss) Continuing Operations	69	49	21	20	40	43	51	26
Consolidated Net Income / (Loss)	69	49	21	20	40	43	51	26
Depreciation Expense	93	79	66	50	39	31	25	21
Amortization Expense	0.36	0.30	0.22	0.28	0.17	0.11	0.09	0.66
Non-Cash Adjustments To Reconcile Net Income	41	25	13	-13	7.34	-3.99	4.25	-20
Changes in Operating Assets and Liabilities, net	6.29	3.54	-84	-8.96	18	-15	-14	19
Net Cash From Investing Activities	-308	-143	-197	-263	-79	-60	-90	-31
Net Cash From Continuing Investing Activities	-308	-143	-197	-263	-79	-60	-90	-31
Purchase of Property, Plant & Equipment	-88	-98	-69	-56	-53	-42	-43	-24
Acquisitions	-232	-92	-129	-211	-30	-14	-52	-11
Purchase of Investments	-5.49	-11	-7.43	0.00	0.00	-	-	-
Sale of Property, Plant & Equipment	14	18	7.53	3.65	3.04	4.46	4.93	4.56
Divestitures	0.00	37	0.00	0.00	0.36	2.50	-	-
Sale and/or Maturity of Investments	3.55	2.90	0.00	0.00	-	-	-	-
Net Cash From Financing Activities	126	-0.26	159	124	42	-14	95	-40
Net Cash From Continuing Financing Activities	126	-0.26	159	124	42	-14	95	-40
Repayment of Debt	-73	-103	-8.13	-95	-30	-13	-17	-66
Repurchase of Common Equity	-11	-0.14	-0.04	0.00	0.00	-	-	-
Issuance of Debt	210	103	167	219	72	0.00	22	60
Cash Interest Paid	22	19	9.29	3.20	2.04	2.64	2.34	3.31
Cash Income Taxes Paid	5.45	1.01	1.37	6.22	9.91	9.12	14	13

This table details how cash moves in and out of Construction Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-29	56	18	8.01	-19	21	-5.87	24	-13	7.95	9.38
Net Cash From Operating Activities	56	41	96	35	18	60	63	49	17	29	26
Net Cash From Continuing Operating Activities	56	41	96	35	18	60	63	49	17	29	26
Net Income / (Loss) Continuing Operations	4.22	-3.05	29	31	-1.12	9.84	31	22	-5.48	1.89	13
Consolidated Net Income / (Loss)	4.22	-3.05	29	31	-1.12	9.84	31	22	-5.48	1.89	13
Depreciation Expense	37	31	25	24	23	21	21	20	20	18	15
Amortization Expense	1.72	0.50	0.14	0.08	0.07	0.07	0.07	0.07	0.07	0.08	0.02
Non-Cash Adjustments To Reconcile Net Income	-9.32	14	10	11	11	8.62	17	4.00	7.90	-3.28	6.74
Changes in Operating Assets and Liabilities, net	22	-1.73	31	-31	-14	21	-6.30	3.56	-5.53	12	-9.09
Net Cash From Investing Activities	-214	-679	-108	-61	-34	-105	-25	-21	-27	-71	-39
Net Cash From Continuing Investing Activities	-214	-679	-108	-61	-34	-105	-25	-21	-27	-71	-39
Purchase of Property, Plant & Equipment	-41	-27	-18	-15	-29	-27	-19	-19	-29	-32	-17
Acquisitions	-175	-654	-97	-47	-6.50	-81	-9.05	-4.90	-0.64	-77	-26
Purchase of Investments	-3.94	-2.26	-1.11	-2.51	-	0.00	-3.48	-2.73	-	-	0.23
Sale of Property, Plant & Equipment	4.15	1.84	6.01	3.09	2.50	2.46	5.06	4.34	6.69	1.61	3.34
Sale and/or Maturity of Investments	1.52	2.42	0.69	0.94	0.91	1.01	1.50	0.54	0.70	0.17	-
Net Cash From Financing Activities	129	695	31	34	-3.75	65	-44	-3.13	-3.13	50	22
Net Cash From Continuing Financing Activities	129	695	31	34	-3.75	65	-44	-3.13	-3.13	50	22
Repayment of Debt	-7.44	-128	-25	-20	-3.75	-24	-94	-3.13	-3.13	-3.13	-3.13
Issuance of Debt	145	835	61	59	-	90	50	-	-	53	25
Cash Interest Paid	21	15	6.48	5.63	4.88	4.69	4.84	5.27	4.98	4.06	3.56

This table presents Construction Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017
Total Assets	1,542	1,220	1,096	807	628	532	496	329
Total Current Assets	585	473	417	300	332	280	267	175
Cash & Equivalents	75	48	36	57	148	81	99	28
Restricted Cash	2.00	0.84	0.00	0.00	-	-	-	-
Note & Lease Receivable	351	304	265	158	132	140	120	121
Inventories, net	107	84	74	54	39	34	25	17
Prepaid Expenses	25	9.31	13	7.79	5.04	13	14	4.52
Other Current Assets	26	27	29	23	7.87	12	9.33	-
Plant, Property, & Equipment, net	630	505	481	405	237	206	179	116
Total Noncurrent Assets	327	241	197	102	59	46	50	38
Long-Term Investments	18	15	6.95	0.11	0.20	0.50	1.66	0.00
Goodwill	232	159	129	85	46	39	33	31
Intangible Assets	21	20	16	4.16	3.22	3.43	3.74	2.55
Other Noncurrent Operating Assets	57	47	45	12	9.17	2.28	10	2.48
Total Liabilities & Shareholders' Equity	1,542	1,220	1,096	807	628	532	496	329
Total Liabilities	968	703	640	398	243	188	197	176
Total Current Liabilities	380	279	226	158	136	128	135	115
Short-Term Debt	27	15	13	10	13	7.54	15	10
Accounts Payable	183	151	130	86	65	70	64	52
Accrued Expenses	42	32	28	26	22	19	18	20
Current Deferred Revenue	120	79	52	34	34	31	39	32
Other Current Liabilities	9.07	2.34	2.21	1.40	2.05	0.00	-	-
Total Noncurrent Liabilities	588	424	414	240	107	60	62	62
Long-Term Debt	487	361	363	206	79	42	48	47
Noncurrent Deferred & Payable Income Tax Liabilities	54	37	27	17	14	11	8.89	9.67
Other Noncurrent Operating Liabilities	47	26	24	16	14	6.11	5.30	5.02
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	574	517	456	393	385	344	299	152
Total Preferred & Common Equity	574	517	456	409	385	344	299	152
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	574	517	456	393	385	344	299	152
Common Stock	278	267	257	249	245	244	242	142
Retained Earnings	315	246	197	176	156	116	73	22
Treasury Stock	-27	-16	-16	-31	-16	-16	-16	-12
Accumulated Other Comprehensive Income / (Loss)	7.50	19	18	-0.02	-	-	-	-

This table presents Construction Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	12/31/2024	6/30/2024	3/31/2024	12/31/2023	6/30/2023	3/31/2023	12/31/2022	6/30/2022
Total Assets	2,754	2,568	1,432	1,313	1,276	1,184	1,141	1,129	1,020
Total Current Assets	730	723	554	475	461	441	406	401	389
Cash & Equivalents	102	133	56	48	69	55	31	43	26
Restricted Cash	1.73	0.56	2.12	2.48	0.97	0.07	0.12	0.28	0.11
Note & Lease Receivable	409	384	341	276	256	255	243	230	240
Inventories, net	147	145	105	103	97	88	86	80	77
Prepaid Expenses	23	25	18	11	9.03	9.69	17	15	13
Other Current Assets	46	36	33	36	30	33	29	32	33
Plant, Property, & Equipment, net	1,103	1,031	579	565	562	503	503	498	454
Total Noncurrent Assets	921	814	299	273	253	240	232	230	177
Long-Term Investments	20	18	17	16	15	13	11	6.82	7.42
Goodwill	745	644	200	181	177	157	163	160	125
Intangible Assets	80	88	21	21	20	21	15	16	13
Other Noncurrent Operating Assets	75	64	60	54	42	48	42	47	32
Total Liabilities & Shareholders' Equity	2,754	2,568	1,432	1,313	1,276	1,184	1,141	1,129	1,020
Total Liabilities	1,946	1,757	879	788	755	703	688	670	590
Total Current Liabilities	514	470	346	290	263	241	225	203	204
Short-Term Debt	40	38	24	15	15	14	14	13	13
Accounts Payable	199	172	159	142	132	127	121	112	120
Accrued Expenses	123	113	43	25	24	29	26	19	22
Current Deferred Revenue	136	137	113	103	89	69	62	57	48
Other Current Liabilities	14	11	7.32	5.56	3.48	2.39	2.24	2.32	2.09
Total Noncurrent Liabilities	1,432	1,287	533	498	492	462	463	467	386
Long-Term Debt	1,319	1,183	454	423	427	405	409	413	341
Noncurrent Deferred & Payable Income Tax Liabilities	52	53	35	35	35	26	25	26	20
Other Noncurrent Operating Liabilities	60	51	44	39	30	31	29	28	24
Total Equity & Noncontrolling Interests	808	811	553	525	521	481	453	459	431
Total Preferred & Common Equity	808	811	553	525	521	481	453	459	431
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	808	811	553	525	521	481	453	459	431
Common Stock	531	528	276	273	270	265	262	259	254
Retained Earnings	316	312	286	255	256	215	194	199	184
Treasury Stock	-47	-39	-22	-17	-17	-16	-16	-16	-
Accumulated Other Comprehensive Income / (Loss)	7.38	10	14	14	12	17	13	16	8.46

This table displays calculated financial ratios and metrics derived from Construction Partners' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	16.65%	20.12%	42.93%	15.92%	0.31%	30.33%	59.07%	0.00%
EBITDA Growth	22.03%	64.32%	25.87%	-14.77%	6.91%	-197.73%	848.84%	0.00%
EBIT Growth	26.13%	144.74%	16.47%	-44.36%	-67.82%	-25.74%	1,191.95%	0.00%
NOPAT Growth	35.74%	129.20%	25.72%	-49.07%	-51.25%	-61.54%	962.57%	0.00%
Net Income Growth	40.68%	129.23%	5.94%	-49.93%	-6.55%	-45.30%	285.15%	0.00%
EPS Growth	39.36%	129.27%	5.13%	-50.00%	-7.14%	-97.30%	304.76%	0.00%
Operating Cash Flow Growth	33.04%	852.58%	-65.98%	-53.89%	90.28%	-65.62%	163.61%	0.00%
Free Cash Flow Firm Growth	-465.41%	111.42%	10.68%	-164.42%	-54.13%	373.43%	0.00%	0.00%
Invested Capital Growth	19.85%	4.96%	38.97%	72.70%	-47.39%	-240.74%	175.59%	0.00%
Revenue Q/Q Growth	3.59%	5.53%	9.60%	6.35%	-1.59%	55.10%	0.00%	0.00%
EBITDA Q/Q Growth	-0.13%	26.73%	11.76%	-9.90%	3.77%	-257.01%	0.00%	0.00%
EBIT Q/Q Growth	-3.85%	50.03%	34.08%	-28.77%	3.19%	11.68%	0.00%	0.00%
NOPAT Q/Q Growth	0.33%	41.38%	35.75%	-30.31%	3.74%	14.33%	0.00%	0.00%
Net Income Q/Q Growth	-2.28%	57.04%	32.26%	-32.36%	2.54%	13.51%	0.00%	0.00%
EPS Q/Q Growth	-3.68%	59.32%	28.13%	-31.58%	1.30%	20.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	18.93%	30.14%	-43.97%	-23.13%	18.54%	-34.09%	68.19%	0.00%
Free Cash Flow Firm Q/Q Growth	-102.20%	158.47%	27.27%	-175.00%	-47.23%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	3.90%	-0.49%	5.08%	22.43%	-7.13%	-138.02%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	14.16%	12.56%	10.70%	13.17%	15.56%	60.24%	58.54%	48.03%
EBITDA Margin	11.21%	10.72%	7.83%	8.89%	12.10%	45.40%	51.14%	35.96%
Operating Margin	6.10%	5.24%	2.72%	3.31%	7.03%	29.18%	36.13%	24.60%
EBIT Margin	6.10%	5.64%	2.77%	3.40%	7.07%	29.39%	36.19%	24.49%
Profit (Net Income) Margin	3.78%	3.13%	1.64%	2.22%	5.13%	22.02%	22.40%	9.17%
Tax Burden Percent	74.85%	74.92%	75.50%	70.76%	76.82%	309.70%	338.29%	127.70%
Interest Burden Percent	82.85%	74.21%	78.62%	92.23%	94.40%	387.07%	390.75%	263.79%
Effective Tax Rate	25.15%	25.08%	24.42%	29.28%	24.33%	74.92%	52.58%	108.44%
Return on Invested Capital (ROIC)	9.15%	7.59%	3.95%	4.75%	8.77%	7.81%	22.86%	16.36%
ROIC Less NNEP Spread (ROIC-NNEP)	5.22%	3.76%	1.82%	2.86%	10.77%	7.47%	39.54%	7.68%
Return on Net Nonoperating Assets (RNNOA)	3.50%	2.49%	1.09%	0.43%	-2.21%	-1.68%	-0.73%	0.75%
Return on Equity (ROE)	12.65%	10.08%	5.03%	5.18%	6.55%	6.13%	22.49%	17.11%
Cash Return on Invested Capital (CROIC)	-8.91%	2.75%	-28.67%	-48.57%	70.87%	134.29%	-452.56%	0.00%
Operating Return on Assets (OROA)	8.05%	7.61%	3.79%	4.31%	9.58%	33.59%	44.76%	28.23%
Return on Assets (ROA)	4.99%	4.23%	2.25%	2.81%	6.95%	25.17%	24.63%	15.85%
Return on Common Equity (ROCE)	12.65%	10.08%	5.03%	5.18%	6.55%	18.40%	67.47%	34.22%
Return on Equity Simple (ROE_SIMPLE)	12.02%	9.49%	4.69%	4.93%	10.46%	12.55%	16.96%	17.11%
Net Operating Profit after Tax (NOPAT)	83	61	27	21	42	86	101	30
NOPAT Margin	4.57%	3.92%	2.06%	2.34%	5.32%	16.42%	22.35%	10.47%
Net Nonoperating Expense Percent (NNEP)	3.92%	3.83%	2.12%	1.88%	-2.00%	0.35%	3.08%	12.52%
Cost of Revenue to Revenue	85.84%	87.44%	89.30%	86.83%	84.45%	254.82%	256.09%	251.97%
SG&A Expenses to Revenue	8.31%	8.12%	8.26%	10.09%	8.73%	32.03%	32.53%	25.27%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.06%	7.67%	7.98%	9.86%	8.53%	31.06%	22.41%	23.43%
Earnings before Interest and Taxes (EBIT)	111	88	36	31	56	173	185	46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	204	168	102	81	95	89	261	68
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.42	3.73	3.02	4.44	2.45	9.34	7.64	0.89
Price to Tangible Book Value (P/TBV)	11.45	5.71	4.44	5.74	2.81	10.64	8.71	1.13
Price to Revenue (P/Rev)	2.02	1.23	1.06	1.92	1.20	4.10	2.55	0.24
Price to Earnings (P/E)	63.78	38.50	35.32	86.58	23.39	74.42	45.07	5.18
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.57%	2.60%	2.83%	1.16%	4.28%	21.50%	35.59%	19.29%
Enterprise Value to Invested Capital (EV/IC)	4.13	2.70	2.17	3.35	2.70	9.87	8.17	1.81
Enterprise Value to Revenue (EV/Rev)	2.25	1.43	1.31	2.09	1.13	3.94	3.14	0.58
Enterprise Value to EBITDA (EV/EBITDA)	20.06	13.37	16.79	23.50	9.32	34.70	24.60	4.83
Enterprise Value to EBIT (EV/EBIT)	36.89	25.41	47.52	61.57	15.94	53.59	34.77	7.10
Enterprise Value to NOPAT (EV/NOPAT)	49.26	36.50	63.94	89.43	21.20	71.95	42.19	16.60
Enterprise Value to Operating Cash Flow (EV/OCF)	19.62	14.25	103.73	39.25	8.42	41.87	32.33	3.51
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	100.84	0.00	0.00	2.62	12.56	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.90	0.73	0.82	0.55	0.24	0.58	0.63	1.13
Long-Term Debt to Equity	0.85	0.70	0.80	0.52	0.21	0.49	0.64	0.93
Financial Leverage	0.67	0.66	0.60	0.15	-0.21	-0.90	-0.06	0.19
Leverage Ratio	2.53	2.38	2.24	1.84	1.59	6.40	7.31	6.48
Compound Leverage Factor	2.10	1.77	1.76	1.70	1.50	6.19	5.35	5.70
Debt to Total Capital	47.23%	42.11%	45.17%	35.47%	19.29%	50.82%	52.07%	81.89%
Short-Term Debt to Total Capital	2.44%	1.68%	1.50%	1.64%	2.72%	5.75%	12.23%	14.33%
Long-Term Debt to Total Capital	44.79%	40.43%	43.67%	33.83%	16.56%	43.15%	39.83%	67.56%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	52.77%	57.89%	54.83%	64.53%	80.71%	349.18%	165.26%	218.11%
Debt to EBITDA	2.51	2.24	3.68	2.67	0.97	1.69	2.17	0.84
Net Debt to EBITDA	2.05	1.86	3.27	1.96	-0.59	-1.40	-1.31	1.30
Long-Term Debt to EBITDA	2.38	2.15	3.56	2.55	0.83	1.91	1.66	1.38
Debt to NOPAT	6.17	6.13	14.03	10.15	2.20	4.67	3.72	5.76
Net Debt to NOPAT	5.03	5.08	12.45	7.46	-1.35	-2.18	-1.50	2.98
Long-Term Debt to NOPAT	5.85	5.88	13.57	9.69	1.89	3.96	2.85	4.75
Altman Z-Score	4.15	3.64	3.05	4.40	4.59	20.14	12.20	2.97
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.04%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	1.54	1.70	1.84	1.90	2.44	8.74	5.96	4.59
Quick Ratio	1.12	1.26	1.33	1.36	2.06	6.88	6.52	4.01
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-81	22	-194	-218	338	737	-1,003	0.00
Operating Cash Flow to CapEx	283.03%	196.17%	26.90%	92.07%	212.33%	436.11%	523.76%	709.47%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-90.55	108.55	527.80	-1,184.85	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	20.17	33.79	118.80	156.19	25.15
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	-1.74	17.87	37.08	156.38	14.51
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	1.32	1.35	1.37	1.27	1.35	4.57	6.60	5.19
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	371.22
Inventory Turnover	16.42	17.28	18.16	17.13	18.21	90.44	110.47	81.87
Fixed Asset Turnover	3.21	3.17	2.94	2.84	3.55	16.29	18.47	14.71
Accounts Payable Turnover	9.38	9.70	10.72	10.47	9.82	39.73	40.07	27.32
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.90
Days Inventory Outstanding (DIO)	22.23	21.12	20.09	21.31	20.04	64.57	52.87	40.12
Days Payable Outstanding (DPO)	38.93	37.63	34.05	34.88	37.18	146.98	109.31	120.23
Cash Conversion Cycle (CCC)	-16.70	-16.50	-13.95	-13.56	-17.14	-82.41	-92.88	-71.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	992	828	789	568	329	625	785	182
Invested Capital Turnover	2.00	1.93	1.92	2.03	1.65	5.71	12.27	6.25
Increase / (Decrease) in Invested Capital	164	39	221	239	-296	-479	1,809	0.00
Enterprise Value (EV)	4,102	2,239	1,711	1,904	886	3,084	1,102	165
Market Capitalization	3,683	1,928	1,378	1,745	942	805	622	270
Book Value per Share	$10.87	$9.80	$8.68	$7.52	$7.44	$20.01	$18.86	$3.66
Tangible Book Value per Share	$6.09	$6.41	$5.91	$5.81	$6.48	$11.70	$10.83	$2.86
Total Capital	1,087	892	831	610	477	787	1,087	209
Total Debt	514	376	376	216	92	100	189	57
Total Long-Term Debt	487	361	363	206	79	42	144	47
Net Debt	419	311	333	159	-56	-62	-114	30
Capital Expenditures (CapEx)	74	80	61	53	50	76	114	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	154	160	168	95	60	157	146	43
Debt-free Net Working Capital (DFNWC)	231	209	204	152	209	319	295	71
Net Working Capital (NWC)	205	194	191	142	196	304	399	61
Net Nonoperating Expense (NNE)	14	12	5.39	1.11	1.50	-0.76	-0.38	3.71
Net Nonoperating Obligations (NNO)	419	311	333	174	-56	-93	-114	30
Total Depreciation and Amortization (D&A)	93	79	66	50	39	63	51	22
Debt-free, Cash-free Net Working Capital to Revenue	8.47%	10.24%	12.91%	10.41%	7.69%	40.20%	28.55%	22.72%
Debt-free Net Working Capital to Revenue	12.67%	13.38%	15.64%	16.70%	26.57%	81.37%	86.86%	37.27%
Net Working Capital to Revenue	11.22%	12.42%	14.68%	15.60%	24.91%	77.52%	78.17%	31.99%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.33	$0.95	$0.41	$0.39	$0.78	$0.84	$1.11	$0.63
Adjusted Weighted Average Basic Shares Outstanding	51.88M	51.83M	51.77M	51.64M	51.49M	51.42M	45.61M	41.55M
Adjusted Diluted Earnings per Share	$1.31	$0.94	$0.41	$0.39	$0.78	$0.84	$1.11	$0.63
Adjusted Weighted Average Diluted Shares Outstanding	52.57M	52.26M	51.96M	51.77M	51.64M	51.43M	45.92M	41.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.84	$1.11	$0.63
Adjusted Weighted Average Basic & Diluted Shares Outstanding	55.88M	52.71M	52.69M	52.37M	51.78M	51.78M	51.41M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	80	56	24	20	41	124	109	28
Normalized NOPAT Margin	4.38%	3.59%	1.84%	2.18%	5.16%	21.16%	16.09%	14.53%
Pre Tax Income Margin	5.05%	4.18%	2.18%	3.13%	6.68%	28.44%	35.32%	21.53%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	12.86	17.85	123.71	48.45	16.57
NOPAT to Interest Expense	0.00	0.00	0.00	8.86	13.43	92.14	119.68	15.94
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-9.05	1.94	41.98	123.13	14.22
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-13.06	-2.49	10.41	87.55	5.31
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	240.35%
Augmented Payout Ratio	16.41%	0.28%	0.18%	0.00%	0.00%	0.00%	0.00%	360.52%

This table displays calculated financial ratios and metrics derived from Construction Partners' official financial filings.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	53.91%	41.63%	13.29%	22.73%	14.34%	16.01%	20.86%	10.95%	33.47%	19.94%	40.86%
EBITDA Growth	153.87%	21.12%	-0.36%	29.62%	46.45%	52.74%	97.72%	50.58%	208.18%	1.14%	42.19%
EBIT Growth	767.88%	-14.83%	-8.87%	35.04%	245.05%	162.61%	141.93%	86.13%	81.19%	-25.81%	79.23%
NOPAT Growth	866.32%	-23.95%	0.87%	37.08%	220.74%	154.98%	115.07%	84.77%	77.80%	-21.83%	81.98%
Net Income Growth	475.00%	-131.00%	-5.19%	42.58%	79.49%	420.24%	135.71%	78.15%	41.80%	-65.67%	65.99%
EPS Growth	500.00%	-131.58%	-8.33%	43.90%	81.82%	375.00%	140.00%	78.26%	38.89%	-63.64%	56.25%
Operating Cash Flow Growth	206.15%	-32.65%	53.16%	-29.10%	8.09%	109.04%	138.82%	475.31%	334.31%	5,105.89%	-33.06%
Free Cash Flow Firm Growth	-1,712.07%	-2,993.77%	-2,263.25%	-57.67%	52.28%	81.34%	97.31%	79.43%	52.15%	21.90%	10.77%
Invested Capital Growth	127.74%	114.07%	19.85%	14.80%	7.71%	5.37%	4.96%	10.84%	18.21%	26.93%	38.97%
Revenue Q/Q Growth	1.79%	4.35%	3.93%	39.41%	-6.32%	-16.53%	12.59%	29.87%	-4.95%	-13.05%	3.36%
EBITDA Q/Q Growth	44.00%	-35.56%	2.85%	166.05%	-31.30%	-46.99%	33.79%	200.60%	-28.35%	-31.38%	1.90%
EBIT Q/Q Growth	90.67%	-68.83%	-0.08%	1,362.98%	-81.31%	-66.65%	48.07%	1,671.44%	-133.84%	-69.28%	13.92%
NOPAT Q/Q Growth	115.55%	-71.49%	-1.46%	1,495.79%	-83.04%	-62.19%	33.92%	1,505.58%	-135.83%	-68.11%	15.06%
Net Income Q/Q Growth	238.15%	-110.41%	-5.18%	2,849.82%	-111.42%	-68.16%	42.61%	495.49%	-389.69%	-85.57%	7.78%
EPS Q/Q Growth	233.33%	-110.91%	-6.78%	3,050.00%	-110.53%	-68.33%	46.34%	472.73%	-375.00%	-84.00%	8.70%
Operating Cash Flow Q/Q Growth	36.82%	-57.60%	176.91%	90.57%	-69.90%	-3.57%	28.19%	190.54%	-41.79%	10.16%	301.45%
Free Cash Flow Firm Q/Q Growth	-13.36%	-660.74%	-47.11%	-42.84%	-93.55%	-481.11%	90.19%	56.77%	24.32%	16.35%	24.83%
Invested Capital Q/Q Growth	8.63%	89.56%	3.90%	6.45%	2.11%	6.13%	-0.49%	-0.12%	-0.11%	5.72%	5.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.48%	13.63%	15.62%	16.12%	10.45%	13.08%	15.90%	15.19%	8.09%	8.92%	12.62%
EBITDA Margin	11.56%	8.17%	13.24%	13.38%	7.01%	9.56%	15.05%	12.67%	5.47%	7.26%	9.20%
Operating Margin	4.77%	2.46%	8.50%	8.82%	0.83%	4.22%	9.42%	7.90%	-0.79%	1.85%	5.20%
EBIT Margin	4.75%	2.53%	8.48%	8.82%	0.84%	4.21%	10.55%	8.02%	-0.66%	1.86%	5.27%
Profit (Net Income) Margin	0.74%	-0.54%	5.45%	5.97%	-0.30%	2.48%	6.51%	5.14%	-1.69%	0.55%	3.34%
Tax Burden Percent	76.11%	78.21%	74.07%	75.36%	77.79%	75.94%	75.10%	75.28%	78.81%	78.77%	76.33%
Interest Burden Percent	20.41%	-27.42%	86.67%	89.77%	-46.27%	77.58%	82.17%	85.11%	323.04%	37.76%	82.98%
Effective Tax Rate	23.65%	0.00%	25.92%	24.64%	0.00%	24.06%	24.90%	24.72%	0.00%	21.23%	23.55%
Return on Invested Capital (ROIC)	5.43%	2.48%	12.62%	13.09%	1.12%	6.06%	13.68%	11.14%	-1.03%	2.66%	7.63%
ROIC Less NNEP Spread (ROIC-NNEP)	3.36%	0.70%	11.36%	12.16%	0.25%	5.27%	12.85%	10.12%	-2.13%	1.63%	6.64%
Return on Net Nonoperating Assets (RNNOA)	4.05%	0.75%	7.61%	8.86%	0.19%	3.94%	8.51%	7.45%	-1.65%	1.10%	3.97%
Return on Equity (ROE)	9.48%	3.23%	20.23%	21.95%	1.31%	10.00%	22.20%	18.58%	-2.68%	3.76%	11.60%
Cash Return on Invested Capital (CROIC)	-71.22%	-66.79%	-8.91%	-4.49%	1.09%	2.85%	2.75%	-4.80%	-12.55%	-20.34%	-28.67%
Operating Return on Assets (OROA)	5.11%	2.62%	11.20%	11.88%	1.14%	5.67%	14.24%	10.78%	-0.92%	2.53%	7.21%
Return on Assets (ROA)	0.79%	-0.56%	7.19%	8.04%	-0.41%	3.34%	8.79%	6.91%	-2.34%	0.75%	4.57%
Return on Common Equity (ROCE)	9.48%	3.23%	20.23%	21.95%	1.31%	10.00%	22.20%	18.58%	-2.68%	3.76%	11.60%
Return on Equity Simple (ROE_SIMPLE)	7.60%	6.91%	0.00%	12.76%	11.68%	10.93%	0.00%	6.49%	4.79%	3.87%	0.00%
Net Operating Profit after Tax (NOPAT)	21	9.67	34	34	2.16	13	34	25	-1.79	4.98	16
NOPAT Margin	3.64%	1.72%	6.30%	6.64%	0.58%	3.21%	7.08%	5.95%	-0.55%	1.46%	3.98%
Net Nonoperating Expense Percent (NNEP)	2.07%	1.78%	1.26%	0.93%	0.87%	0.78%	0.84%	1.02%	1.10%	1.03%	0.99%
Return On Investment Capital (ROIC_SIMPLE)	0.96%	0.48%	-	-	-	1.32%	-	-	-	-	-
Cost of Revenue to Revenue	87.52%	86.37%	84.38%	83.88%	89.55%	86.92%	84.10%	84.81%	91.91%	91.08%	87.38%
SG&A Expenses to Revenue	8.16%	7.88%	7.40%	7.52%	9.89%	8.94%	6.95%	7.64%	9.85%	8.70%	7.90%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.71%	11.18%	7.12%	7.31%	9.62%	8.86%	7.61%	7.28%	8.88%	7.07%	7.42%
Earnings before Interest and Taxes (EBIT)	27	14	46	46	3.12	17	50	34	-2.15	6.36	21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	66	46	71	69	26	38	72	53	18	25	36
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.98	6.09	6.42	5.27	5.65	4.40	3.73	3.44	3.14	3.06	3.02
Price to Tangible Book Value (P/TBV)	0.00	62.77	11.45	8.79	9.21	7.06	5.71	5.47	5.19	4.97	4.44
Price to Revenue (P/Rev)	1.84	2.49	2.02	1.66	1.78	1.42	1.23	1.12	0.99	1.04	1.06
Price to Earnings (P/E)	80.12	110.21	63.78	40.73	47.55	39.55	38.50	33.90	36.11	39.73	35.32
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.25%	0.91%	1.57%	2.46%	2.10%	2.53%	2.60%	2.95%	2.77%	2.52%	2.83%
Enterprise Value to Invested Capital (EV/IC)	2.57	3.20	4.13	3.47	3.72	3.02	2.70	2.41	2.16	2.14	2.17
Enterprise Value to Revenue (EV/Rev)	2.40	3.02	2.25	1.88	2.01	1.64	1.43	1.35	1.25	1.31	1.31
Enterprise Value to EBITDA (EV/EBITDA)	20.82	28.30	20.06	16.21	17.68	14.68	13.37	15.18	15.76	17.43	16.79
Enterprise Value to EBIT (EV/EBIT)	39.62	55.32	36.89	28.71	32.18	26.93	25.41	34.16	41.79	52.71	47.52
Enterprise Value to NOPAT (EV/NOPAT)	53.12	74.53	49.26	39.99	45.31	38.34	36.50	46.25	56.48	70.46	63.94
Enterprise Value to Operating Cash Flow (EV/OCF)	23.18	31.75	19.62	18.88	17.57	14.06	14.25	16.62	30.57	38.76	103.73
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	354.60	108.76	100.84	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.68	1.51	0.90	0.86	0.84	0.85	0.73	0.87	0.93	0.93	0.82
Long-Term Debt to Equity	1.63	1.46	0.85	0.82	0.81	0.82	0.70	0.84	0.90	0.90	0.80
Financial Leverage	1.21	1.07	0.67	0.73	0.77	0.75	0.66	0.74	0.77	0.67	0.60
Leverage Ratio	3.05	2.89	2.53	2.53	2.51	2.45	2.38	2.42	2.40	2.25	2.24
Compound Leverage Factor	0.62	-0.79	2.20	2.27	-1.16	1.90	1.96	2.06	7.74	0.85	1.86
Debt to Total Capital	62.73%	60.08%	47.23%	46.36%	45.51%	45.89%	42.11%	46.58%	48.27%	48.12%	45.17%
Short-Term Debt to Total Capital	1.86%	1.86%	2.44%	2.32%	1.56%	1.56%	1.68%	1.55%	1.54%	1.41%	1.50%
Long-Term Debt to Total Capital	60.87%	58.23%	44.79%	44.04%	43.95%	44.34%	40.43%	45.02%	46.73%	46.70%	43.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	37.27%	39.92%	52.77%	53.64%	54.49%	54.11%	57.89%	53.42%	51.73%	51.88%	54.83%
Debt to EBITDA	5.38	5.75	2.51	2.33	2.32	2.45	2.24	3.17	3.70	4.16	3.68
Net Debt to EBITDA	4.89	5.04	2.05	1.97	1.97	1.98	1.86	2.66	3.33	3.67	3.27
Long-Term Debt to EBITDA	5.22	5.57	2.38	2.22	2.24	2.36	2.15	3.07	3.58	4.04	3.56
Debt to NOPAT	13.74	15.13	6.17	5.76	5.95	6.39	6.13	9.67	13.25	16.83	14.03
Net Debt to NOPAT	12.49	13.26	5.03	4.85	5.05	5.17	5.08	8.09	11.93	14.84	12.45
Long-Term Debt to NOPAT	13.33	14.66	5.85	5.47	5.75	6.17	5.88	9.34	12.83	16.34	13.57
Altman Z-Score	2.32	2.77	4.01	3.78	3.97	3.60	3.54	3.22	2.92	2.94	3.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.42	1.54	1.54	1.60	1.64	1.75	1.70	1.83	1.80	1.98	1.84
Quick Ratio	1.00	1.10	1.12	1.15	1.12	1.23	1.26	1.29	1.22	1.35	1.33
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,125	-993	-131	-89	-62	-32	-5.52	-56	-130	-172	-206
Operating Cash Flow to CapEx	149.37%	162.72%	833.32%	293.31%	69.27%	248.23%	456.84%	341.39%	76.27%	96.10%	197.52%
Free Cash Flow to Firm to Interest Expense	-52.12	-54.76	0.00	0.00	-13.60	-8.57	0.00	0.00	-27.10	-43.43	0.00
Operating Cash Flow to Interest Expense	2.58	2.24	0.00	0.00	3.98	16.12	0.00	0.00	3.50	7.29	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.85	0.86	0.00	0.00	-1.76	9.62	0.00	0.00	-1.09	-0.30	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.08	1.03	1.32	1.35	1.36	1.35	1.35	1.34	1.39	1.36	1.37
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	15.01	14.11	16.42	15.68	15.18	15.90	17.28	15.83	16.56	17.80	18.16
Fixed Asset Turnover	2.62	2.50	3.21	3.26	3.12	3.05	3.17	3.10	3.01	2.93	2.94
Accounts Payable Turnover	11.00	11.25	9.38	10.59	10.91	11.50	9.70	10.64	12.35	12.83	10.72
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	24.32	25.87	22.23	23.28	24.04	22.96	21.12	23.05	22.04	20.51	20.09
Days Payable Outstanding (DPO)	33.19	32.45	38.93	34.47	33.45	31.73	37.63	34.31	29.55	28.45	34.05
Cash Conversion Cycle (CCC)	-8.87	-6.58	-16.70	-11.18	-9.41	-8.77	-16.50	-11.26	-7.51	-7.95	-13.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,044	1,881	992	955	897	879	828	832	833	834	789
Invested Capital Turnover	1.49	1.44	2.00	1.97	1.92	1.89	1.93	1.87	1.87	1.82	1.92
Increase / (Decrease) in Invested Capital	1,146	1,002	164	123	64	45	39	81	128	177	221
Enterprise Value (EV)	5,257	6,013	4,102	3,319	3,339	2,652	2,239	2,007	1,801	1,782	1,711
Market Capitalization	4,021	4,943	3,683	2,917	2,966	2,295	1,928	1,656	1,420	1,406	1,378
Book Value per Share	$14.44	$14.52	$10.87	$10.47	$9.94	$10.04	$9.80	$9.12	$8.59	$8.71	$8.68
Tangible Book Value per Share	($0.31)	$1.41	$6.09	$6.28	$6.10	$6.26	$6.41	$5.74	$5.20	$5.37	$5.91
Total Capital	2,168	2,032	1,087	1,031	963	963	892	901	875	884	831
Total Debt	1,360	1,221	514	478	438	442	376	419	422	426	376
Total Long-Term Debt	1,319	1,183	487	454	423	427	361	405	409	413	363
Net Debt	1,236	1,070	419	402	372	358	311	351	380	375	333
Capital Expenditures (CapEx)	37	25	12	12	26	24	14	14	22	30	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	153	158	154	174	150	144	160	160	164	167	168
Debt-free Net Working Capital (DFNWC)	256	291	231	232	200	213	209	214	194	211	204
Net Working Capital (NWC)	216	253	205	208	185	198	194	200	181	198	191
Net Nonoperating Expense (NNE)	17	13	4.60	3.50	3.28	2.87	2.70	3.42	3.70	3.09	2.51
Net Nonoperating Obligations (NNO)	1,236	1,070	419	402	372	358	311	351	380	375	333
Total Depreciation and Amortization (D&A)	39	32	26	24	23	21	21	20	20	18	15
Debt-free, Cash-free Net Working Capital to Revenue	6.97%	7.94%	8.47%	9.86%	9.00%	8.88%	10.24%	10.77%	11.37%	12.31%	12.91%
Debt-free Net Working Capital to Revenue	11.71%	14.64%	12.67%	13.18%	12.03%	13.19%	13.38%	14.48%	13.49%	15.51%	15.64%
Net Working Capital to Revenue	9.86%	12.74%	11.22%	11.82%	11.13%	12.26%	12.42%	13.53%	12.56%	14.59%	14.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	($0.06)	$0.56	$0.60	($0.02)	$0.19	$0.60	$0.42	($0.11)	$0.04	$0.25
Adjusted Weighted Average Basic Shares Outstanding	55.25M	54.16M	51.88M	51.91M	51.94M	51.89M	51.83M	51.83M	51.83M	51.82M	51.77M
Adjusted Diluted Earnings per Share	$0.08	($0.06)	$0.55	$0.59	($0.02)	$0.19	$0.60	$0.41	($0.11)	$0.04	$0.25
Adjusted Weighted Average Diluted Shares Outstanding	55.67M	54.16M	52.57M	52.65M	51.94M	52.43M	52.26M	52.29M	51.83M	52.12M	51.96M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	56.03M	55.95M	55.88M	52.76M	52.83M	52.83M	52.71M	52.73M	52.75M	52.72M	52.69M
Normalized Net Operating Profit after Tax (NOPAT)	19	23	33	34	1.43	12	32	24	-4.00	4.85	14
Normalized NOPAT Margin	3.30%	4.03%	6.09%	6.49%	0.39%	3.15%	6.72%	5.68%	-1.23%	1.42%	3.61%
Pre Tax Income Margin	0.97%	-0.69%	7.35%	7.92%	-0.39%	3.27%	8.67%	6.83%	-2.14%	0.70%	4.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.26	0.78	0.00	0.00	0.68	4.46	0.00	0.00	-0.45	1.61	0.00
NOPAT to Interest Expense	0.96	0.53	0.00	0.00	0.47	3.39	0.00	0.00	-0.37	1.26	0.00
EBIT Less CapEx to Interest Expense	-0.47	-0.59	0.00	0.00	-5.06	-2.03	0.00	0.00	-5.04	-5.98	0.00
NOPAT Less CapEx to Interest Expense	-0.76	-0.85	0.00	0.00	-5.27	-3.10	0.00	0.00	-4.96	-6.33	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	39.36%	16.41%	0.00%	0.00%	2.35%	0.28%	0.00%	0.00%	0.78%	0.18%

Frequently Asked Questions About Construction Partners' Financials

When does Construction Partners's financial year end?

According to the most recent income statement we have on file, Construction Partners' fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has Construction Partners' net income changed over the last 7 years?

Construction Partners' net income appears to be on an upward trend, with a most recent value of $68.94 million in 2024, rising from $26.04 million in 2017. The previous period was $49.00 million in 2023. See where experts think Construction Partners is headed by visiting Construction Partners' forecast page.

What is Construction Partners's operating income?

Construction Partners's total operating income in 2024 was $111.24 million, based on the following breakdown:

Total Gross Profit: $258.25 million
Total Operating Expenses: $147.01 million

How has Construction Partners revenue changed over the last 7 years?

Over the last 7 years, Construction Partners' total revenue changed from $568.21 million in 2017 to $1.82 billion in 2024, a change of 221.0%.

How much debt does Construction Partners have?

Construction Partners' total liabilities were at $968.40 million at the end of 2024, a 37.7% increase from 2023, and a 449.1% increase since 2017.

How much cash does Construction Partners have?

In the past 7 years, Construction Partners' cash and equivalents has ranged from $27.55 million in 2017 to $148.32 million in 2020, and is currently $74.69 million as of their latest financial filing in 2024.

How has Construction Partners' book value per share changed over the last 7 years?

Over the last 7 years, Construction Partners' book value per share changed from 3.66 in 2017 to 10.87 in 2024, a change of 196.9%.

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This page (NASDAQ:ROAD) was last updated on 5/25/2025 by MarketBeat.com Staff

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Construction Partners (ROAD) Financials

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Construction Partners (ROAD) Financials

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