Arcosa (ACA) Financials

$129.78 -1.48 (-1.12%)

As of 02:38 PM Eastern

Annual Income Statements for Arcosa

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	123	90	76	113	107	70	246	159	94	208
Consolidated Net Income / (Loss)	123	90	76	113	107	70	246	159	94	208
Net Income / (Loss) Continuing Operations	123	90	76	113	107	70	246	159	94	208
Total Pre-Tax Income	197	130	95	147	138	84	316	196	130	241
Total Operating Income	201	132	95	153	152	107	349	217	198	342
Total Gross Profit	348	295	272	332	382	356	411	444	515	647
Total Revenue	1,704	1,462	1,460	1,737	1,936	2,036	2,243	2,308	2,570	2,883
Operating Revenue	1,704	1,462	1,460	1,737	1,936	2,036	2,243	2,308	2,570	2,883
Total Cost of Revenue	1,356	1,168	1,188	1,405	1,554	1,681	1,832	1,864	2,055	2,236
Operating Cost of Revenue	1,356	1,168	1,188	1,405	1,554	1,681	1,832	1,864	2,055	2,236
Total Operating Expenses	147	163	177	180	230	249	62	227	318	305
Selling, General & Admin Expense	147	163	154	180	223	256	263	261	320	307
Other Operating Expenses / (Income)	-	-	-	-	0.00	0.00	-189	-35	-2.40	-1.80
Total Other Income / (Expense), net	-3.60	-1.60	0.10	-6.10	-14	-24	-33	-21	-68	-102
Interest Expense	0.00	0.00	0.90	6.80	11	23	31	28	71	109
Interest & Investment Income	-	-	-	-	-	-	-	4.70	7.50	6.60
Income Tax Expense	74	40	19	34	32	14	70	37	36	33
Basic Earnings per Share	$2.52	$1.84	$1.55	$2.34	$2.20	$1.44	$5.08	$3.27	$1.92	$4.25
Weighted Average Basic Shares Outstanding	48.80M	48.80M	48.80M	47.90M	48M	48.10M	48.20M	48.50M	48.60M	48.90M
Diluted Earnings per Share	$2.52	$1.84	$1.54	$2.32	$2.18	$1.42	$5.05	$3.26	$1.91	$4.24
Weighted Average Diluted Shares Outstanding	48.80M	48.80M	48.90M	48.40M	48.50M	48.60M	48.50M	48.70M	48.80M	49M
Weighted Average Basic & Diluted Shares Outstanding	-	-	48.63M	48.28M	48.18M	48.31M	48.44M	48.56M	48.78M	49.04M
Cash Dividends to Common per Share	$0.00	$0.00	$0.05	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	36	27	39	46	17	-7.70	24	60	73	52	38
Consolidated Net Income / (Loss)	36	27	39	46	17	-7.70	24	60	73	52	38
Net Income / (Loss) Continuing Operations	36	27	39	46	17	-7.70	12	60	73	52	23
Total Pre-Tax Income	43	37	47	53	19	10	14	70	87	55	25
Total Operating Income	48	43	53	67	34	43	41	95	112	79	47
Total Gross Profit	107	107	112	138	137	129	108	166	192	164	121
Total Revenue	592	582	599	665	640	666	548	737	798	717	572
Operating Revenue	592	582	599	665	640	666	548	737	798	717	572
Total Cost of Revenue	485	475	487	527	504	537	440	571	606	553	451
Operating Cost of Revenue	485	475	487	527	504	537	440	571	606	553	451
Total Operating Expenses	59	64	58	71	103	86	67	71	80	85	74
Selling, General & Admin Expense	61	67	69	80	82	89	71	73	82	78	76
Other Operating Expenses / (Income)	0.00	-	-7.00	-13	21	-1.40	-4.10	2.80	-2.60	-1.70	-2.00
Total Other Income / (Expense), net	-5.40	-6.30	-6.10	-14	-15	-33	-27	-25	-25	-25	-23
Interest Expense	6.70	7.20	8.30	11	16	35	28	29	27	25	24
Interest & Investment Income	-	-	-	0.70	3.80	-	1.80	1.30	1.80	-	1.60
Other Income / (Expense), net	1.30	0.90	2.20	-3.30	-2.70	2.60	-0.10	2.20	0.10	-	-0.10
Income Tax Expense	7.50	9.40	8.10	7.60	2.50	18	2.80	10	14	3.10	1.30
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	12	-	-	-	15
Basic Earnings per Share	$0.73	$0.55	$0.81	$0.93	$0.34	($0.16)	$0.48	$1.22	$1.49	$1.06	$0.77
Weighted Average Basic Shares Outstanding	48.70M	48.50M	48.50M	48.60M	48.70M	48.60M	48.70M	48.90M	49M	48.90M	49M
Diluted Earnings per Share	$0.72	$0.56	$0.80	$0.93	$0.34	($0.16)	$0.48	$1.22	$1.48	$1.06	$0.77
Weighted Average Diluted Shares Outstanding	48.80M	48.70M	48.90M	48.70M	48.80M	48.80M	49.20M	49M	49.10M	49M	49.20M
Weighted Average Basic & Diluted Shares Outstanding	48.76M	48.56M	48.58M	48.78M	48.78M	48.78M	48.82M	49.04M	49.05M	49.04M	49.10M
Cash Dividends to Common per Share	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	3.80	-7.20	93	141	-145	-23	88	-56	83	27
Net Cash From Operating Activities	228	162	119	359	260	167	174	261	502	341
Net Cash From Continuing Operating Activities	228	162	119	359	260	167	174	261	502	341
Net Income / (Loss) Continuing Operations	123	90	76	113	107	70	246	159	94	208
Consolidated Net Income / (Loss)	123	90	76	113	107	70	246	159	94	208
Depreciation Expense	66	66	68	86	115	144	154	160	195	223
Non-Cash Adjustments To Reconcile Net Income	9.20	7.70	29	6.50	22	8.40	-163	-4.20	22	38
Changes in Operating Assets and Liabilities, net	30	-1.10	-54	153	17	-56	-62	-54	191	-128
Net Cash From Investing Activities	-80	-126	-365	-109	-528	-570	91	-286	-1,509	-121
Net Cash From Continuing Investing Activities	-80	-126	-365	-109	-528	-570	91	-286	-1,509	-121
Purchase of Property, Plant & Equipment	-85	-82	-45	-85	-82	-85	-138	-204	-190	-166
Acquisitions	0.00	-48	-333	-33	-456	-523	-75	-121	-1,424	18
Sale of Property, Plant & Equipment	5.00	3.50	10	8.90	9.60	20	32	37	18	27
Divestitures	0.00	0.00	3.30	0.00	0.00	18	272	2.00	87	0.00
Net Cash From Financing Activities	-144	-43	339	-108	124	381	-178	-31	1,089	-192
Net Cash From Continuing Financing Activities	-144	-43	339	-108	124	381	-178	-31	1,089	-192
Repayment of Debt	-2.50	-0.30	-3.40	-83	-106	-90	-220	-146	-525	-170
Repurchase of Common Equity	0.00	-	-3.00	-11	-8.00	-9.40	-15	-14	0.00	0.00
Payment of Dividends	-	0.00	0.00	-9.90	-9.80	-9.80	-9.80	-9.80	-9.70	-10
Issuance of Debt	0.00	0.70	180	0.00	251	500	80	160	1,635	0.00
Other Financing Activities, net	-142	-43	165	-4.40	-3.80	-10	-13	-21	-11	-13

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-43	-51	72	-73	653	-570	-19	22	30	-5.40	-61
Net Cash From Operating Activities	44	62	81	38	135	248	-0.70	61	161	120	72
Net Cash From Continuing Operating Activities	44	62	81	38	135	248	-21	61	161	120	58
Net Income / (Loss) Continuing Operations	36	27	39	46	17	-7.70	12	60	73	52	23
Consolidated Net Income / (Loss)	36	27	39	46	17	-7.70	24	60	73	52	38
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	12	-	-	-	15
Depreciation Expense	41	41	43	47	45	60	52	56	56	57	54
Non-Cash Adjustments To Reconcile Net Income	2.20	8.40	-8.60	-2.60	27	6.20	4.60	10	1.70	23	7.30
Changes in Operating Assets and Liabilities, net	-34	-14	7.10	-51	46	189	-89	-65	30	-12	-26
Net Cash From Discontinued Operating Activities	-	-	-	-	-	-	20	-	-	-	14
Net Cash From Investing Activities	-45	-154	-44	-198	-9.40	-1,258	-11	-22	-27	-61	-98
Net Cash From Continuing Investing Activities	-45	-154	-44	-198	-9.40	-1,258	-10	-22	-27	-61	-97
Purchase of Property, Plant & Equipment	-48	-59	-54	-48	-34	-53	-33	-28	-40	-64	-44
Acquisitions	-3.20	-102	0.00	-180	-35	-1,210	18	-	-	-	-60
Sale of Property, Plant & Equipment	5.70	6.50	4.20	3.20	6.60	4.30	5.00	5.80	13	2.80	6.60
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	-1.00	-	-	-	-1.40
Net Cash From Financing Activities	-41	42	35	87	528	441	-7.30	-17	-104	-64	-35
Net Cash From Continuing Financing Activities	-41	42	35	87	528	441	-7.30	-17	-104	-64	-35
Repayment of Debt	-139	-1.80	-1.70	-62	-205	-257	-3.30	-4.00	-101	-61	-2.40
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	-	-	-18
Payment of Dividends	-2.50	-2.50	-2.40	-2.50	-2.40	-2.40	-2.50	-2.50	-2.50	-2.50	-2.40
Other Financing Activities, net	-	-0.30	-1.20	-9.20	-0.10	-0.10	-1.50	-11	-	-0.50	-13

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

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,603	2,172	2,303	2,647	3,188	3,341	3,578	4,916	4,985
Total Current Assets	429	667	757	665	768	857	912	954	1,107
Cash & Equivalents	6.80	99	240	96	73	160	105	187	215
Accounts Receivable	165	291	200	260	311	334	357	350	413
Inventories, net	247	253	283	277	325	316	402	360	336
Other Current Assets	9.90	24	34	32	60	46	48	57	50
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	94
Plant, Property, & Equipment, net	583	803	816	913	1,202	1,200	1,336	2,129	2,045
Total Noncurrent Assets	591	702	729	1,069	1,218	1,284	1,330	1,832	1,833
Goodwill	494	615	622	794	935	959	991	1,361	1,329
Intangible Assets	-	-	52	213	220	256	271	338	311
Noncurrent Deferred & Refundable Income Taxes	8.80	6.90	14	15	13	9.60	6.80	2.80	7.20
Other Noncurrent Operating Assets	88	80	41	46	50	60	61	130	112
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	-	74
Total Liabilities & Shareholders' Equity	1,603	2,172	2,303	2,647	3,188	3,341	3,578	4,916	4,985
Total Liabilities	195	488	512	755	1,235	1,156	1,246	2,487	2,344
Total Current Liabilities	174	210	284	310	364	368	431	516	504
Short-Term Debt	0.10	1.80	3.70	6.30	15	15	6.80	12	8.50
Accounts Payable	56	86	90	144	185	191	273	237	213
Accrued Expenses	118	100	119	115	146	122	117	166	170
Other Current Liabilities	-	-	71	45	19	41	35	100	26
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	86
Total Noncurrent Liabilities	21	278	228	444	871	789	815	1,971	1,840
Long-Term Debt	0.40	184	104	248	665	536	562	1,677	1,514
Noncurrent Deferred & Payable Income Tax Liabilities	11	58	66	113	134	176	180	201	231
Other Noncurrent Operating Liabilities	9.10	36	58	83	72	77	73	94	92
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	-	2.90
Total Equity & Noncontrolling Interests	1,408	1,685	1,790	1,892	1,953	2,184	2,332	2,428	2,641
Total Preferred & Common Equity	1,408	1,685	1,790	1,892	1,953	2,184	2,332	2,428	2,641
Total Common Equity	1,408	1,685	1,790	1,892	1,953	2,184	2,332	2,428	2,641
Common Stock	0.00	1,686	1,687	1,695	1,693	1,685	1,683	1,697	1,711
Retained Earnings	0.00	20	123	220	280	516	665	749	947
Treasury Stock	0.00	-3.50	0.00	0.00	0.00	-	-	-	0.00
Accumulated Other Comprehensive Income / (Loss)	-20	-18	-20	-22	-19	-16	-16	-18	-16

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

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	3,417	3,496	3,490	3,668	3,808	4,357	4,934	5,012	5,053	5,002
Total Current Assets	913	975	952	994	991	1,560	1,011	1,117	1,172	1,133
Cash & Equivalents	149	198	155	177	104	757	168	190	220	153
Accounts Receivable	394	387	390	366	443	396	428	477	480	414
Inventories, net	328	355	361	404	406	360	365	407	421	350
Other Current Assets	42	36	45	47	39	46	51	43	51	52
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	-	164
Plant, Property, & Equipment, net	1,210	1,233	1,255	1,358	1,415	1,382	2,118	2,101	2,088	2,102
Total Noncurrent Assets	1,295	1,287	1,284	1,316	1,402	1,416	1,805	1,794	1,793	1,767
Goodwill	977	967	967	984	1,023	1,009	1,343	1,343	1,349	1,343
Intangible Assets	251	252	247	266	313	306	331	324	318	305
Noncurrent Deferred & Refundable Income Taxes	9.60	9.70	9.80	6.80	6.90	6.80	2.80	2.60	2.60	7.20
Other Noncurrent Operating Assets	58	59	60	60	58	93	128	124	124	113
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	-	-	0.00
Total Liabilities & Shareholders' Equity	3,417	3,496	3,490	3,668	3,808	4,357	4,934	5,012	5,053	5,002
Total Liabilities	1,174	1,218	1,174	1,294	1,393	1,923	2,479	2,503	2,468	2,350
Total Current Liabilities	380	421	405	435	429	432	510	528	580	490
Short-Term Debt	15	16	6.80	6.60	6.60	4.10	11	10	9.30	8.00
Accounts Payable	206	239	245	276	264	243	284	298	319	230
Accrued Expenses	116	126	122	113	127	156	144	161	180	142
Other Current Liabilities	44	40	32	40	32	29	71	58	71	27
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	83
Total Noncurrent Liabilities	794	798	769	859	964	1,491	1,969	1,976	1,888	1,860
Long-Term Debt	535	531	503	601	700	1,233	1,675	1,673	1,574	1,513
Noncurrent Deferred & Payable Income Tax Liabilities	183	192	193	187	198	198	203	213	221	254
Other Noncurrent Operating Liabilities	76	75	73	72	66	59	92	90	94	93
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	0.00
Total Equity & Noncontrolling Interests	2,243	2,277	2,315	2,374	2,415	2,434	2,455	2,508	2,585	2,653
Total Preferred & Common Equity	2,243	2,277	2,315	2,374	2,415	2,434	2,455	2,508	2,585	2,653
Total Common Equity	2,243	2,277	2,315	2,374	2,415	2,434	2,455	2,508	2,585	2,653
Common Stock	1,691	1,686	1,692	1,690	1,687	1,693	1,704	1,698	1,704	1,717
Retained Earnings	569	607	640	702	745	759	770	827	898	983
Treasury Stock	-0.50	-	-0.20	-1.40	-	-0.80	-1.60	-	-0.10	-30
Accumulated Other Comprehensive Income / (Loss)	-16	-16	-17	-17	-17	-17	-18	-17	-17	-17

This table displays calculated financial ratios and metrics derived from Arcosa's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-14.18%	-0.14%	18.93%	11.44%	5.21%	10.14%	2.90%	11.35%	12.20%
EBITDA Growth	0.00%	-25.49%	-16.50%	46.42%	9.98%	-4.56%	99.48%	-23.50%	3.23%	45.44%
EBIT Growth	0.00%	-34.03%	-26.29%	60.17%	-3.13%	-28.09%	224.49%	-35.48%	-10.31%	76.78%
NOPAT Growth	0.00%	-27.50%	-16.72%	56.05%	-0.78%	-23.71%	203.70%	-34.91%	-19.35%	107.33%
Net Income Growth	0.00%	-27.07%	-15.61%	49.67%	-5.91%	-34.71%	253.16%	-35.23%	-41.14%	122.41%
EPS Growth	0.00%	-26.98%	-16.30%	50.65%	-6.03%	-34.86%	255.63%	-35.45%	-41.41%	121.99%
Operating Cash Flow Growth	0.00%	-28.89%	-26.85%	202.78%	-27.56%	-35.94%	4.68%	49.74%	92.34%	-32.05%
Free Cash Flow Firm Growth	0.00%	0.00%	77.62%	178.84%	-219.54%	-51.77%	161.14%	-117.42%	-2,117.62%	127.79%
Invested Capital Growth	0.00%	0.00%	26.33%	-6.40%	23.75%	24.82%	0.57%	8.60%	40.56%	0.50%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	4.36%	0.62%	3.19%	0.00%	3.68%	3.38%	1.78%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	2.22%	-3.02%	3.42%	0.00%	-29.46%	5.83%	3.94%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.33%	-10.36%	2.49%	0.00%	-42.22%	1.06%	7.79%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-2.90%	-5.89%	0.10%	0.00%	-42.16%	-12.26%	27.56%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-5.50%	-9.04%	-1.83%	0.00%	-44.47%	-27.08%	40.24%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-4.92%	-9.54%	-2.07%	0.00%	-44.65%	-27.38%	40.40%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-18.95%	63.84%	-29.09%	51.36%	0.00%	37.01%	58.86%	-27.32%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-258.25%	29.37%	-90.25%	98.11%	-1,114.05%	134.34%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-5.06%	5.33%	-2.69%	0.00%	4.71%	34.85%	0.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.43%	20.15%	18.63%	19.14%	19.74%	17.48%	18.33%	19.23%	20.05%	22.45%
EBITDA Margin	15.42%	13.39%	11.20%	13.78%	13.60%	12.34%	22.35%	16.62%	15.41%	19.59%
Operating Margin	11.78%	9.01%	6.50%	8.80%	7.84%	5.27%	15.56%	9.42%	7.69%	11.86%
EBIT Margin	11.57%	8.90%	6.57%	8.84%	7.69%	5.25%	15.48%	9.71%	7.82%	11.86%
Profit (Net Income) Margin	7.22%	6.13%	5.18%	6.52%	5.51%	3.42%	10.96%	6.90%	3.65%	7.23%
Tax Burden Percent	62.37%	68.95%	79.68%	77.18%	77.13%	83.25%	77.74%	81.27%	72.08%	86.37%
Interest Burden Percent	100.00%	100.00%	99.06%	95.57%	92.88%	78.13%	91.07%	87.46%	64.71%	70.58%
Effective Tax Rate	37.63%	31.05%	20.32%	22.82%	22.87%	16.75%	22.26%	18.73%	27.92%	13.63%
Return on Invested Capital (ROIC)	0.00%	12.96%	4.77%	6.89%	6.32%	3.87%	10.57%	6.58%	4.24%	7.50%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	47.98%	4.97%	26.92%	-75.64%	-1.28%	5.45%	2.50%	-0.72%	1.31%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-0.21%	0.13%	-0.36%	-0.53%	-0.26%	1.31%	0.47%	-0.30%	0.73%
Return on Equity (ROE)	0.00%	12.74%	4.90%	6.52%	5.79%	3.62%	11.88%	7.05%	3.94%	8.22%
Cash Return on Invested Capital (CROIC)	0.00%	-187.04%	-18.50%	13.50%	-14.91%	-18.20%	10.00%	-1.67%	-29.48%	6.99%
Operating Return on Assets (OROA)	0.00%	8.12%	5.08%	6.87%	6.01%	3.67%	10.64%	6.48%	4.73%	6.91%
Return on Assets (ROA)	0.00%	5.60%	4.01%	5.06%	4.31%	2.39%	7.53%	4.60%	2.21%	4.21%
Return on Common Equity (ROCE)	0.00%	12.74%	4.90%	6.52%	5.79%	3.62%	11.88%	7.05%	3.94%	8.22%
Return on Equity Simple (ROE_SIMPLE)	0.00%	6.37%	4.49%	6.33%	5.63%	3.56%	11.25%	6.83%	3.86%	0.00%
Net Operating Profit after Tax (NOPAT)	125	91	76	118	117	89	271	177	142	295
NOPAT Margin	7.35%	6.21%	5.18%	6.79%	6.05%	4.39%	12.10%	7.65%	5.54%	10.24%
Net Nonoperating Expense Percent (NNEP)	0.00%	-35.02%	-0.20%	-20.03%	81.96%	5.16%	5.12%	4.07%	4.96%	6.18%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	9.92%	6.09%	3.46%	7.09%
Cost of Revenue to Revenue	79.57%	79.85%	81.38%	80.86%	80.26%	82.52%	81.67%	80.77%	79.95%	77.55%
SG&A Expenses to Revenue	8.64%	11.15%	10.54%	10.33%	11.53%	12.57%	11.72%	11.31%	12.45%	10.65%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.64%	11.15%	12.13%	10.33%	11.89%	12.21%	2.77%	9.81%	12.36%	10.59%
Earnings before Interest and Taxes (EBIT)	197	130	96	154	149	107	347	224	201	342
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	263	196	164	239	263	251	501	384	396	565
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.78	1.18	1.38	1.29	1.20	1.72	1.94	1.97
Price to Tangible Book Value (P/TBV)	0.00	0.00	1.23	1.90	2.96	3.16	2.69	3.75	6.47	5.31
Price to Revenue (P/Rev)	0.00	0.00	0.90	1.22	1.35	1.24	1.16	1.74	1.84	1.81
Price to Earnings (P/E)	0.00	0.00	17.43	18.71	24.57	36.28	10.63	25.24	50.33	25.01
Dividend Yield	0.00%	0.00%	0.00%	0.46%	0.37%	0.38%	0.37%	0.24%	0.21%	0.19%
Earnings Yield	0.00%	0.00%	5.74%	5.34%	4.07%	2.76%	9.41%	3.96%	1.99%	4.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.79	1.20	1.35	1.22	1.17	1.60	1.58	1.65
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.96	1.14	1.44	1.54	1.34	1.94	2.42	2.26
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	8.60	8.30	10.55	12.46	5.99	11.69	15.71	11.54
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	14.66	12.93	18.67	29.27	8.65	20.01	30.95	19.07
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	18.59	16.84	23.72	35.05	11.07	25.38	43.66	22.08
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	11.86	5.54	10.69	18.81	17.23	17.17	12.39	19.12
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	8.59	0.00	0.00	11.70	0.00	0.00	23.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.11	0.06	0.13	0.35	0.25	0.24	0.70	0.58
Long-Term Debt to Equity	0.00	0.00	0.11	0.06	0.13	0.34	0.25	0.24	0.69	0.57
Financial Leverage	0.00	0.00	0.03	-0.01	0.01	0.20	0.24	0.19	0.41	0.55
Leverage Ratio	0.00	1.14	1.22	1.29	1.34	1.52	1.58	1.53	1.78	1.95
Compound Leverage Factor	0.00	1.14	1.21	1.23	1.25	1.19	1.44	1.34	1.15	1.38
Debt to Total Capital	0.00%	0.04%	9.92%	5.65%	11.86%	25.81%	20.13%	19.61%	41.02%	36.57%
Short-Term Debt to Total Capital	0.00%	0.01%	0.10%	0.20%	0.29%	0.56%	0.54%	0.23%	0.29%	0.20%
Long-Term Debt to Total Capital	0.00%	0.03%	9.82%	5.46%	11.56%	25.25%	19.59%	19.37%	40.73%	36.36%
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%
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%
Common Equity to Total Capital	0.00%	99.96%	90.08%	94.35%	88.14%	74.19%	79.87%	80.39%	58.98%	63.43%
Debt to EBITDA	0.00	0.00	1.13	0.45	0.97	2.70	1.10	1.48	4.27	2.70
Net Debt to EBITDA	0.00	-0.03	0.53	-0.56	0.60	2.41	0.78	1.21	3.79	2.32
Long-Term Debt to EBITDA	0.00	0.00	1.12	0.43	0.94	2.65	1.07	1.47	4.24	2.68
Debt to NOPAT	0.00	0.01	2.45	0.91	2.17	7.61	2.03	3.22	11.86	5.16
Net Debt to NOPAT	0.00	-0.07	1.14	-1.13	1.36	6.79	1.44	2.63	10.54	4.43
Long-Term Debt to NOPAT	0.00	0.00	2.43	0.88	2.12	7.44	1.98	3.18	11.77	5.13
Altman Z-Score	0.00	0.00	2.71	3.78	3.28	2.25	2.76	3.21	2.12	2.55
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	2.46	3.19	2.67	2.14	2.11	2.33	2.12	1.85	2.20
Quick Ratio	0.00	0.99	1.87	1.55	1.15	1.05	1.35	1.07	1.04	1.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,311	-293	231	-277	-420	257	-45	-991	275
Operating Cash Flow to CapEx	285.46%	205.32%	342.49%	469.02%	358.48%	255.76%	164.74%	156.38%	292.88%	245.40%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-325.98	34.02	-26.09	-17.93	8.28	-1.59	-13.98	2.53
Operating Cash Flow to Interest Expense	0.00	0.00	131.67	52.76	24.52	7.12	5.62	9.29	7.08	3.14
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	93.22	41.51	17.68	4.33	2.21	3.35	4.66	1.86
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.91	0.77	0.78	0.78	0.70	0.69	0.67	0.61	0.58
Accounts Receivable Turnover	0.00	8.85	6.40	7.07	8.41	7.13	6.95	6.68	7.27	7.51
Inventory Turnover	0.00	4.73	4.76	5.24	5.55	5.59	5.72	5.20	5.40	5.70
Fixed Asset Turnover	0.00	2.51	2.11	2.15	2.24	1.93	1.87	1.82	1.48	1.36
Accounts Payable Turnover	0.00	20.85	16.71	15.94	13.27	10.22	9.76	8.05	8.06	9.01
Days Sales Outstanding (DSO)	0.00	41.26	57.07	51.63	43.39	51.17	52.48	54.67	50.23	48.60
Days Inventory Outstanding (DIO)	0.00	77.14	76.68	69.62	65.79	65.30	63.80	70.25	67.65	63.99
Days Payable Outstanding (DPO)	0.00	17.50	21.84	22.90	27.50	35.71	37.40	45.35	45.28	40.53
Cash Conversion Cycle (CCC)	0.00	100.90	111.91	98.36	81.69	80.77	78.88	79.57	72.60	72.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	1,402	1,771	1,657	2,051	2,560	2,575	2,796	3,930	3,950
Invested Capital Turnover	0.00	2.09	0.92	1.01	1.04	0.88	0.87	0.86	0.76	0.73
Increase / (Decrease) in Invested Capital	0.00	1,402	369	-113	394	509	15	221	1,134	20
Enterprise Value (EV)	0.00	0.00	1,406	1,987	2,778	3,131	3,002	4,482	6,218	6,520
Market Capitalization	0.00	0.00	1,320	2,120	2,619	2,525	2,612	4,018	4,716	5,212
Book Value per Share	$0.00	$28.85	$34.54	$37.00	$39.20	$40.42	$45.32	$47.83	$49.78	$53.86
Tangible Book Value per Share	$0.00	$18.72	$21.93	$23.08	$18.34	$16.51	$20.12	$21.96	$14.94	$20.02
Total Capital	0.00	1,408	1,870	1,898	2,147	2,633	2,735	2,901	4,117	4,164
Total Debt	0.00	0.50	186	107	255	680	551	569	1,689	1,523
Total Long-Term Debt	0.00	0.40	184	104	248	665	536	562	1,677	1,514
Net Debt	0.00	-6.30	86	-133	159	607	390	464	1,502	1,308
Capital Expenditures (CapEx)	80	79	35	77	73	65	106	167	171	139
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	248	360	237	265	346	343	383	263	397
Debt-free Net Working Capital (DFNWC)	0.00	255	460	477	361	419	504	488	450	611
Net Working Capital (NWC)	0.00	255	458	473	355	404	489	481	438	603
Net Nonoperating Expense (NNE)	2.25	1.10	-0.08	4.71	10	20	25	17	49	87
Net Nonoperating Obligations (NNO)	0.00	-6.30	86	-133	159	607	390	464	1,502	1,308
Total Depreciation and Amortization (D&A)	66	66	68	86	115	144	154	160	195	223
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	16.96%	24.67%	13.62%	13.70%	16.98%	15.31%	16.59%	10.23%	13.76%
Debt-free Net Working Capital to Revenue	0.00%	17.42%	31.48%	27.46%	18.65%	20.56%	22.46%	21.13%	17.51%	21.20%
Net Working Capital to Revenue	0.00%	17.42%	31.35%	27.24%	18.32%	19.83%	21.81%	20.83%	17.04%	20.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.52	$1.84	$1.55	$2.34	$2.20	$1.44	$5.08	$3.27	$1.92	$4.25
Adjusted Weighted Average Basic Shares Outstanding	48.80M	48.80M	48.80M	47.90M	48M	48.10M	48.20M	48.50M	48.60M	48.90M
Adjusted Diluted Earnings per Share	$2.52	$1.84	$1.54	$2.32	$2.18	$1.42	$5.05	$3.26	$1.91	$4.24
Adjusted Weighted Average Diluted Shares Outstanding	48.80M	48.80M	48.90M	48.40M	48.50M	48.60M	48.50M	48.70M	48.80M	49M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	48.63M	48.28M	48.18M	48.31M	48.44M	48.56M	48.78M	49.04M
Normalized Net Operating Profit after Tax (NOPAT)	125	91	94	118	123	83	262	154	139	295
Normalized NOPAT Margin	7.35%	6.21%	6.44%	6.79%	6.33%	4.08%	11.69%	6.66%	5.42%	10.24%
Pre Tax Income Margin	11.57%	8.90%	6.51%	8.45%	7.14%	4.11%	14.10%	8.49%	5.06%	8.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	106.56	22.59	14.04	4.57	11.20	7.97	2.83	3.14
NOPAT to Interest Expense	0.00	0.00	84.02	17.35	11.05	3.82	8.75	6.28	2.01	2.71
EBIT Less CapEx to Interest Expense	0.00	0.00	68.11	11.34	7.20	1.79	7.79	2.03	0.42	1.86
NOPAT Less CapEx to Interest Expense	0.00	0.00	45.58	6.10	4.21	1.04	5.34	0.34	-0.41	1.44
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	8.74%	9.19%	14.08%	3.99%	6.16%	10.35%	4.80%
Augmented Payout Ratio	0.00%	0.00%	3.96%	18.45%	16.70%	27.59%	10.09%	14.82%	10.35%	4.80%

This table displays calculated financial ratios and metrics derived from Arcosa's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	49,044,022.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	49,044,022.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.77
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.02%	16.37%	8.99%	13.66%	8.23%	14.43%	5.58%	10.86%	24.58%	7.58%	4.40%
EBITDA Growth	1.58%	-65.49%	-15.03%	19.44%	-11.20%	25.83%	12.91%	38.55%	120.97%	31.88%	8.53%
EBIT Growth	1.02%	-78.93%	-27.79%	20.52%	-29.78%	4.81%	3.42%	51.80%	261.41%	84.58%	14.91%
NOPAT Growth	3.46%	-80.26%	-26.05%	28.41%	-26.48%	-200.65%	1.91%	40.77%	220.40%	333.12%	35.07%
Net Income Growth	10.94%	-82.47%	-29.62%	11.49%	-53.24%	-128.41%	-39.80%	30.92%	339.76%	776.62%	60.17%
EPS Growth	9.09%	-82.45%	-29.82%	10.71%	-52.78%	-128.57%	-40.00%	31.18%	335.29%	762.50%	60.42%
Operating Cash Flow Growth	-38.52%	849.40%	194.87%	-69.98%	207.52%	299.04%	-100.87%	59.79%	18.96%	-51.65%	10,371.43%
Free Cash Flow Firm Growth	-198.54%	-229.60%	-704.80%	-1,465.93%	91.84%	-515.17%	-865.50%	-170.26%	-337.83%	104.70%	106.86%
Invested Capital Growth	0.00%	8.60%	6.07%	14.92%	9.14%	40.56%	41.66%	32.62%	35.47%	0.50%	-0.84%
Revenue Q/Q Growth	1.18%	-1.61%	2.82%	11.04%	-3.66%	4.03%	-5.13%	16.60%	8.26%	-10.17%	-20.23%
EBITDA Q/Q Growth	-3.11%	-6.43%	16.59%	13.01%	-27.97%	32.58%	4.61%	37.80%	10.12%	-19.28%	-26.16%
EBIT Q/Q Growth	-7.28%	-12.07%	27.23%	16.19%	-45.98%	31.23%	25.55%	68.70%	15.88%	-29.72%	-40.51%
NOPAT Q/Q Growth	-10.92%	-20.47%	39.27%	30.15%	-49.00%	-208.88%	241.00%	79.79%	16.08%	-20.78%	-40.17%
Net Income Q/Q Growth	-13.20%	-23.66%	44.65%	16.33%	-63.60%	-146.39%	406.49%	152.97%	22.28%	-28.63%	-27.45%
EPS Q/Q Growth	-14.29%	-22.22%	42.86%	16.25%	-63.44%	-147.06%	400.00%	154.17%	21.31%	-28.38%	-27.36%
Operating Cash Flow Q/Q Growth	-65.60%	41.69%	29.42%	-52.42%	252.48%	83.85%	-100.28%	8,842.86%	162.42%	-25.28%	-40.08%
Free Cash Flow Firm Q/Q Growth	-12,224.29%	92.79%	38.61%	-187.25%	35.78%	-443.22%	3.65%	19.59%	-4.04%	105.83%	42.27%
Invested Capital Q/Q Growth	1.68%	4.71%	0.31%	7.61%	-3.43%	34.85%	1.10%	0.74%	-1.35%	0.04%	-0.25%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.10%	18.38%	18.64%	20.76%	21.35%	19.35%	19.84%	22.54%	24.05%	22.85%	21.15%
EBITDA Margin	15.24%	14.50%	16.44%	16.73%	12.51%	15.94%	17.58%	20.78%	21.13%	18.99%	17.58%
Operating Margin	8.18%	7.35%	8.92%	10.11%	5.28%	6.48%	8.83%	12.86%	14.08%	11.02%	8.24%
EBIT Margin	8.40%	7.51%	9.29%	9.72%	5.45%	6.87%	9.10%	13.16%	14.09%	11.02%	8.22%
Profit (Net Income) Margin	6.00%	4.65%	6.55%	6.86%	2.59%	-1.16%	3.73%	8.10%	9.15%	7.27%	6.61%
Tax Burden Percent	82.56%	74.25%	82.88%	85.71%	86.91%	-74.04%	80.82%	85.53%	83.81%	94.38%	153.66%
Interest Burden Percent	86.52%	83.52%	85.07%	82.35%	54.73%	22.71%	50.78%	71.96%	77.49%	69.87%	52.34%
Effective Tax Rate	17.44%	25.75%	17.12%	14.29%	13.09%	174.04%	19.18%	14.47%	16.19%	5.62%	5.28%
Return on Invested Capital (ROIC)	11.26%	4.69%	6.40%	7.48%	4.08%	-3.67%	5.48%	8.39%	9.74%	7.61%	5.73%
ROIC Less NNEP Spread (ROIC-NNEP)	8.75%	3.60%	5.18%	4.96%	1.02%	-1.20%	3.28%	6.35%	7.45%	6.02%	5.25%
Return on Net Nonoperating Assets (RNNOA)	1.34%	0.68%	0.93%	1.01%	0.18%	-0.49%	1.32%	2.70%	2.74%	3.33%	2.88%
Return on Equity (ROE)	12.60%	5.37%	7.33%	8.49%	4.26%	-4.16%	6.80%	11.09%	12.48%	10.95%	8.62%
Cash Return on Invested Capital (CROIC)	-177.13%	-1.67%	0.02%	-7.74%	-2.92%	-29.48%	-30.36%	-23.39%	-23.38%	6.99%	8.54%
Operating Return on Assets (OROA)	10.72%	5.01%	6.18%	6.49%	3.45%	4.16%	5.51%	7.99%	8.48%	6.42%	4.81%
Return on Assets (ROA)	7.65%	3.11%	4.36%	4.58%	1.64%	-0.70%	2.26%	4.92%	5.51%	4.23%	3.87%
Return on Common Equity (ROCE)	12.60%	5.37%	7.33%	8.49%	4.26%	-4.16%	6.80%	11.09%	12.48%	10.95%	8.62%
Return on Equity Simple (ROE_SIMPLE)	12.38%	0.00%	6.01%	6.10%	5.28%	0.00%	3.18%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	40	32	44	58	29	-32	45	81	94	75	45
NOPAT Margin	6.75%	5.46%	7.39%	8.67%	4.59%	-4.80%	7.14%	11.00%	11.80%	10.40%	7.80%
Net Nonoperating Expense Percent (NNEP)	2.51%	1.10%	1.22%	2.52%	3.06%	-2.47%	2.21%	2.04%	2.29%	1.60%	0.49%
Return On Investment Capital (ROIC_SIMPLE)	-	1.10%	-	-	-	-0.78%	1.09%	1.93%	2.26%	1.79%	1.07%
Cost of Revenue to Revenue	81.90%	81.62%	81.36%	79.24%	78.65%	80.65%	80.16%	77.46%	75.95%	77.15%	78.85%
SG&A Expenses to Revenue	10.36%	11.44%	11.54%	11.96%	12.87%	13.36%	11.66%	9.91%	10.30%	10.91%	13.26%
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	9.92%	11.03%	9.72%	10.65%	16.07%	12.86%	11.01%	9.68%	9.98%	11.83%	12.91%
Earnings before Interest and Taxes (EBIT)	50	44	56	65	35	46	58	97	112	79	47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	90	84	98	111	80	106	111	153	169	136	101
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.51	1.72	1.76	1.68	1.90	1.94	1.53	1.69	1.78	1.97	1.96
Price to Tangible Book Value (P/TBV)	3.17	3.75	3.72	3.76	4.13	6.47	4.82	5.03	5.00	5.31	5.17
Price to Revenue (P/Rev)	1.57	1.74	1.77	1.66	1.86	1.84	1.44	1.58	1.62	1.81	1.79
Price to Earnings (P/E)	12.19	25.24	29.30	27.48	35.96	50.33	48.13	45.88	30.91	25.01	23.37
Dividend Yield	0.28%	0.24%	0.23%	0.24%	0.21%	0.21%	0.26%	0.23%	0.21%	0.19%	0.19%
Earnings Yield	8.20%	3.96%	3.41%	3.64%	2.78%	1.99%	2.08%	2.18%	3.24%	4.00%	4.28%
Enterprise Value to Invested Capital (EV/IC)	1.44	1.60	1.64	1.54	1.75	1.58	1.33	1.43	1.51	1.65	1.67
Enterprise Value to Revenue (EV/Rev)	1.73	1.94	1.96	1.91	2.05	2.42	2.03	2.14	2.10	2.26	2.26
Enterprise Value to EBITDA (EV/EBITDA)	7.08	11.69	12.60	12.11	13.63	15.71	12.92	12.69	10.96	11.54	11.47
Enterprise Value to EBIT (EV/EBIT)	9.93	20.01	22.77	21.78	25.66	30.95	26.02	24.27	18.78	19.07	18.88
Enterprise Value to NOPAT (EV/NOPAT)	12.61	25.38	28.64	26.83	31.42	43.66	37.81	35.05	25.73	22.08	21.58
Enterprise Value to Operating Cash Flow (EV/OCF)	20.21	17.17	14.68	20.69	16.14	12.39	12.54	12.90	12.69	19.12	15.88
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	9,973.87	0.00	0.00	0.00	0.00	0.00	0.00	23.67	19.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.22	0.24	0.26	0.29	0.51	0.70	0.69	0.67	0.61	0.58	0.57
Long-Term Debt to Equity	0.22	0.24	0.25	0.29	0.51	0.69	0.68	0.67	0.61	0.57	0.57
Financial Leverage	0.15	0.19	0.18	0.20	0.18	0.41	0.40	0.43	0.37	0.55	0.55
Leverage Ratio	1.51	1.53	1.53	1.56	1.65	1.78	1.78	1.79	1.87	1.95	1.95
Compound Leverage Factor	1.30	1.28	1.31	1.28	0.90	0.41	0.90	1.29	1.45	1.36	1.02
Debt to Total Capital	18.06%	19.61%	20.37%	22.63%	33.69%	41.02%	40.72%	40.16%	37.98%	36.57%	36.44%
Short-Term Debt to Total Capital	0.24%	0.23%	0.22%	0.21%	0.11%	0.29%	0.27%	0.24%	0.22%	0.20%	0.19%
Long-Term Debt to Total Capital	17.82%	19.37%	20.15%	22.42%	33.58%	40.73%	40.45%	39.92%	37.76%	36.36%	36.25%
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	81.94%	80.39%	79.63%	77.37%	66.31%	58.98%	59.28%	59.84%	62.02%	63.43%	63.56%
Debt to EBITDA	0.94	1.48	1.66	1.84	3.31	4.27	4.13	3.73	2.91	2.70	2.66
Net Debt to EBITDA	0.65	1.21	1.18	1.57	1.28	3.79	3.72	3.31	2.51	2.32	2.39
Long-Term Debt to EBITDA	0.93	1.47	1.64	1.82	3.30	4.24	4.10	3.71	2.90	2.68	2.64
Debt to NOPAT	1.67	3.22	3.77	4.07	7.62	11.86	12.08	10.31	6.84	5.16	4.99
Net Debt to NOPAT	1.16	2.63	2.67	3.48	2.96	10.54	10.88	9.15	5.89	4.43	4.49
Long-Term Debt to NOPAT	1.65	3.18	3.73	4.04	7.59	11.77	12.00	10.25	6.80	5.13	4.97
Altman Z-Score	2.92	3.04	3.08	2.89	2.59	2.01	1.82	1.98	2.14	2.38	2.37
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	2.35	2.12	2.28	2.31	3.61	1.85	1.98	2.12	2.02	2.20	2.32
Quick Ratio	1.35	1.07	1.25	1.27	2.67	1.04	1.17	1.26	1.21	1.26	1.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,630	-190	-116	-334	-215	-1,166	-1,123	-903	-940	55	78
Operating Cash Flow to CapEx	104.03%	119.16%	160.36%	86.26%	485.61%	506.53%	-2.41%	278.18%	603.76%	195.44%	194.85%
Free Cash Flow to Firm to Interest Expense	-392.57	-26.32	-14.02	-29.32	-13.58	-32.93	-39.69	-31.69	-34.67	2.20	3.25
Operating Cash Flow to Interest Expense	6.55	8.64	9.70	3.36	8.54	7.01	-0.02	2.15	5.93	4.82	3.00
Operating Cash Flow Less CapEx to Interest Expense	0.25	1.39	3.65	-0.54	6.78	5.63	-1.05	1.38	4.94	2.35	1.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.28	0.67	0.67	0.67	0.63	0.61	0.61	0.61	0.60	0.58	0.59
Accounts Receivable Turnover	0.00	6.68	6.21	5.88	6.33	7.27	6.56	5.82	6.46	7.51	6.91
Inventory Turnover	0.00	5.20	5.22	5.19	5.52	5.40	5.39	5.21	5.69	5.70	6.29
Fixed Asset Turnover	0.00	1.82	1.84	1.84	1.89	1.48	1.50	1.52	1.63	1.36	1.38
Accounts Payable Turnover	0.00	8.05	7.94	7.86	8.17	8.06	7.42	7.55	7.90	9.01	8.76
Days Sales Outstanding (DSO)	0.00	54.67	58.82	62.10	57.70	50.23	55.65	62.74	56.48	48.60	52.82
Days Inventory Outstanding (DIO)	0.00	70.25	69.95	70.33	66.09	67.65	67.66	70.01	64.19	63.99	58.06
Days Payable Outstanding (DPO)	0.00	45.35	45.99	46.46	44.67	45.28	49.19	48.35	46.20	40.53	41.66
Cash Conversion Cycle (CCC)	0.00	79.57	82.79	85.97	79.13	72.60	74.12	84.41	74.47	72.07	69.22
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,670	2,796	2,805	3,018	2,914	3,930	3,973	4,002	3,948	3,950	3,940
Invested Capital Turnover	1.67	0.86	0.87	0.86	0.89	0.76	0.77	0.76	0.83	0.73	0.73
Increase / (Decrease) in Invested Capital	2,670	221	161	392	244	1,134	1,168	984	1,034	20	-33
Enterprise Value (EV)	3,850	4,482	4,612	4,653	5,100	6,218	5,278	5,724	5,957	6,520	6,571
Market Capitalization	3,495	4,018	4,182	4,050	4,620	4,716	3,759	4,230	4,594	5,212	5,203
Book Value per Share	$47.48	$47.83	$48.94	$49.71	$49.90	$49.78	$50.32	$51.38	$52.70	$53.86	$54.09
Tangible Book Value per Share	$22.59	$21.96	$23.18	$22.20	$22.93	$14.94	$16.00	$17.22	$18.73	$20.02	$20.50
Total Capital	2,826	2,901	2,981	3,122	3,671	4,117	4,141	4,192	4,168	4,164	4,174
Total Debt	510	569	607	707	1,237	1,689	1,686	1,684	1,583	1,523	1,521
Total Long-Term Debt	503	562	601	700	1,233	1,677	1,675	1,673	1,574	1,514	1,513
Net Debt	355	464	431	603	480	1,502	1,518	1,494	1,363	1,308	1,368
Capital Expenditures (CapEx)	42	52	50	44	28	49	29	22	27	61	37
Debt-free, Cash-free Net Working Capital (DFCFNWC)	398	383	389	464	375	263	345	410	382	397	499
Debt-free Net Working Capital (DFNWC)	553	488	565	568	1,132	450	513	599	602	611	652
Net Working Capital (NWC)	546	481	559	562	1,127	438	501	589	593	603	644
Net Nonoperating Expense (NNE)	4.46	4.68	5.06	12	13	-24	21	21	21	22	6.81
Net Nonoperating Obligations (NNO)	355	464	431	603	480	1,502	1,518	1,494	1,363	1,308	1,287
Total Depreciation and Amortization (D&A)	41	41	43	47	45	60	54	56	56	57	54
Debt-free, Cash-free Net Working Capital to Revenue	17.88%	16.59%	16.50%	19.05%	15.07%	10.23%	13.24%	15.31%	13.48%	13.76%	17.15%
Debt-free Net Working Capital to Revenue	24.85%	21.13%	23.99%	23.31%	45.52%	17.51%	19.69%	22.40%	21.24%	21.20%	22.42%
Net Working Capital to Revenue	24.55%	20.83%	23.71%	23.04%	45.35%	17.04%	19.26%	22.02%	20.92%	20.91%	22.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.73	$0.55	$0.81	$0.93	$0.34	($0.16)	$0.48	$1.22	$1.49	$1.06	$0.77
Adjusted Weighted Average Basic Shares Outstanding	48.70M	48.50M	48.50M	48.60M	48.70M	48.60M	48.70M	48.90M	49M	48.90M	49M
Adjusted Diluted Earnings per Share	$0.72	$0.56	$0.80	$0.93	$0.34	($0.16)	$0.48	$1.22	$1.48	$1.06	$0.77
Adjusted Weighted Average Diluted Shares Outstanding	48.80M	48.70M	48.90M	48.70M	48.80M	48.80M	49.20M	49M	49.10M	49M	49.20M
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	48.76M	48.56M	48.58M	48.78M	48.78M	48.78M	48.82M	49.04M	49.05M	49.04M	49.10M
Normalized Net Operating Profit after Tax (NOPAT)	38	30	41	61	27	29	42	77	94	75	45
Normalized NOPAT Margin	6.39%	5.15%	6.85%	9.16%	4.25%	4.34%	6.65%	10.48%	11.80%	10.40%	7.80%
Pre Tax Income Margin	7.27%	6.27%	7.90%	8.00%	2.98%	1.56%	4.62%	9.47%	10.92%	7.70%	4.30%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.42	6.07	6.70	5.67	2.21	1.29	2.03	3.40	4.15	3.17	1.96
NOPAT to Interest Expense	5.96	4.41	5.33	5.05	1.86	-0.90	1.59	2.85	3.47	2.99	1.86
EBIT Less CapEx to Interest Expense	1.12	-1.18	0.65	1.77	0.45	-0.09	1.01	2.63	3.17	0.71	0.42
NOPAT Less CapEx to Interest Expense	-0.33	-2.84	-0.72	1.16	0.10	-2.29	0.57	2.07	2.49	0.53	0.32
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.38%	6.16%	6.87%	6.72%	7.63%	10.35%	12.55%	10.63%	6.66%	4.80%	4.45%
Augmented Payout Ratio	3.38%	14.82%	6.87%	6.72%	7.63%	10.35%	12.55%	10.63%	6.66%	4.80%	12.31%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways for Arcosa (NYSE: ACA) based on recent quarterly statements. The bullets highlight trends over the last four quarters (Q1–Q4 2025) and provide a sense of how the company is evolving financially.

Revenue momentum through 2025, peaking in Q3 2025. Arcosa delivered a higher quarterly revenue trajectory, with Q3 2025 revenue of about $797.8M, followed by a modest step-down to $716.7M in Q4 2025.
Gross margin expansion into 2025. Gross margin rose meaningfully in Q3 2025 (about 24% gross margin on $797.8M revenue) and remained above 22% in Q4 2025 (≈22.9%), signaling improving underlying profitability.
Net income and earnings per share improved mid-2025. Q3 2025 net income from continuing operations was about $73.0M with EPS of $1.49; Q4 2025 net income was $52.1M with EPS of $1.06, indicating solid profitability through the period despite some quarterly fluctuation.
Operating cash flow turned positive and remained strong in mid-2025. Net cash from continuing operating activities reached roughly $160.6M in Q3 2025 and about $120.0M in Q4 2025, pointing to solid cash generation from core operations.
Debt levels edged down in late 2025. Long-term debt declined to about $1.574B in Q4 2025, down from around $1.673B in Q3 2025, a step toward a stronger balance sheet.
Balance sheet size remains sizable and relatively stable. Total assets hovered near $5.0B in mid-2025, with total equity around $2.58B, indicating a solid capitalization base.
Dividend per share remains steady. Arcosa continued to pay a quarterly dividend of $0.05 per share, underscoring ongoing capital returns to shareholders.
Impairments and non-cash charges were minimal. There were no impairment charges reported in the 2025 quarters covered, suggesting stable asset valuations.
Profitability remains moderate on a margins basis. Net income margins have run in the mid-to-high single digits (roughly 7–9% range across the 2025 quarters), indicating room for margin expansion relative to revenue scale.
Investing cash outflows remain sizable due to capital expenditures. Cash used for purchases of property, plant & equipment continued at meaningful levels (for example, PPE purchases around $34M in early 2025 and rising to about $64M in Q4 2025), weighing on free cash flow despite positive operating cash flow.

05/06/26 02:15 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Arcosa's Financials

When does Arcosa's financial year end?

According to the most recent income statement we have on file, Arcosa's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Arcosa's net income changed over the last 9 years?

Arcosa's net income appears to be on an upward trend, with a most recent value of $208.40 million in 2025, rising from $123 million in 2016. The previous period was $93.70 million in 2024. Check out Arcosa's forecast to explore projected trends and price targets.

What is Arcosa's operating income?

Arcosa's total operating income in 2025 was $341.90 million, based on the following breakdown:

Total Gross Profit: $647.20 million
Total Operating Expenses: $305.30 million

How has Arcosa's revenue changed over the last 9 years?

Over the last 9 years, Arcosa's total revenue changed from $1.70 billion in 2016 to $2.88 billion in 2025, a change of 69.2%.

How much debt does Arcosa have?

Arcosa's total liabilities were at $2.34 billion at the end of 2025, a 5.8% decrease from 2024, and a 1,104.4% increase since 2017.

How much cash does Arcosa have?

In the past 8 years, Arcosa's cash and equivalents has ranged from $6.80 million in 2017 to $240.40 million in 2019, and is currently $214.60 million as of their latest financial filing in 2025.

How has Arcosa's book value per share changed over the last 9 years?

Over the last 9 years, Arcosa's book value per share changed from 0.00 in 2016 to 53.86 in 2025, a change of 5,385.7%.

Related Companies

Financial statements for NYSE:ACA last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Arcosa (ACA) Financials

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Arcosa (ACA) Financials

Annual Income Statements for Arcosa

Quarterly Income Statements for Arcosa

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Quarterly Cash Flow Statements for Arcosa

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Quarterly Metrics And Ratios for Arcosa

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Key Financial Trends

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