Construction Partners (ROAD) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Construction Partners

NasdaqGS•Industrials•Engineering & Construction

$104.68+2.00(0.02%)Pre-market

Market Cap

$5.27B

P/E

37.0x

P/S

1.5x

P/B

5.1x

Construction Partners, Inc., a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; and paving activities, including the construction of roadway base layers and application of asphalt pavement. In addition, the company is involved in site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel, and construction stones that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was incorporated in 2007 and is headquartered in Dothan, Alabama.

How this company scores

GoodMetricSide Score: 74/100

Strongest: Cash & Earnings Quality (23/25); weakest: Balance Sheet & Red Flags (13/25).

Profitability16/25

Growth22/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality23/25

Strengths

Growing revenueRising earningsCash-backed earningsConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 37.0x5y range 37.0x – 102.5x

Currently below its 20-quarter median.

P/S · 1.5x5y range 0.9x – 2.5x

Currently near its 20-quarter median.

P/B · 5.1x5y range 2.4x – 7.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Share Dilution

Red Flag

Shares outstanding increased 7.9% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $5.27B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.48B
Q. Revenue: $999.42M
TTM EBITDA: $496.65M
TTM Op. Income: $297.95M
Q. Op. Income: $109.38M
TTM Net Income: $142.51M
Q. Net Income: $59.55M
EPS: $1.07
Shares Out.: $55.91M

$3.48B in TTM revenue grew 41.9% YoY, reaching $999.42M last quarter. TTM EBITDA of $496.65M and TTM operating income of $297.95M show growth is flowing through to the bottom line. TTM net income of $142.51M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 16.8%
EBITDA Margin: 15.1%
Op. Margin: 10.9%
Net Margin: 6.0%

Op. margin of 10.9% is up 0.3% YoY — cost efficiency is improving. Net margin at 6.0% and gross margin of 16.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 3% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 37.0x
P/S Ratio: 1.5x
P/B Ratio: 5.1x

At 37.0x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.5x and P/B of 5.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 4 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.61B
Cash: $94.55M
Long-Term Debt: $1.74B
Book Value: $1.04B
D/E Ratio: 1.7
Debt/EBITDA: 11.5

With $3.61B in assets and $1.74B in long-term debt, D/E is 1.7and book value is $1.04B — moderate leverage. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $93.09M
TTM Free Cash Flow: $175.56M
FCF Margin: 5.0%
FCF / Net Income: 1.2

TTM FCF of $175.56M on $93.09M in operating cash flow. The FCF / Net Income ratio of 1.2x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 15% — a weakening trend.