Construction Partners (ROAD) Financials

$79.96 +0.33 (+0.41%)

Closing price 04/15/2025 04:00 PM Eastern

Extended Trading

$80.40 +0.44 (+0.55%)

As of 04/15/2025 07:43 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	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	26	51	43	40	20	39	50	58
Consolidated Net Income / (Loss)	26	51	43	40	20	21	49	69
Net Income / (Loss) Continuing Operations	26	50	42	40	20	21	49	69
Total Pre-Tax Income	41	60	56	52	29	28	65	92
Total Operating Income	47	61	57	55	30	35	82	111
Total Gross Profit	91	100	118	122	120	139	196	258
Total Revenue	568	680	783	786	911	1,302	1,564	1,824
Operating Revenue	568	680	783	786	911	1,302	1,564	1,824
Total Cost of Revenue	477	581	665	663	791	1,162	1,367	1,566
Operating Cost of Revenue	477	581	665	663	791	1,162	1,367	1,566
Total Operating Expenses	44	38	61	67	90	104	120	147
Selling, General & Admin Expense	48	55	63	69	92	108	127	151
Other Special Charges / (Income)	-3.48	-17	-1.91	-1.62	-2.04	-3.67	-7.05	-4.48
Total Other Income / (Expense), net	-5.80	-1.17	-1.45	-2.78	-1.58	-7.12	-11	-19
Interest & Investment Income	-	-	-	-	0.01	-7.72	-17	-19
Other Income / (Expense), net	-0.21	0.10	0.42	0.34	0.82	0.60	6.26	-0.07
Income Tax Expense	15	11	14	13	8.35	6.92	16	23
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	-	-	0.02	-17	-0.85	10
Basic Earnings per Share	$0.63	$1.11	$0.84	$0.78	$0.39	$0.41	$0.95	$1.33
Weighted Average Basic Shares Outstanding	41.55M	45.61M	51.42M	51.49M	51.64M	51.77M	51.83M	51.88M
Diluted Earnings per Share	$0.63	$1.11	$0.84	$0.78	$0.39	$0.41	$0.94	$1.31
Weighted Average Diluted Shares Outstanding	41.55M	45.92M	51.43M	51.64M	51.77M	51.96M	52.26M	52.57M
Weighted Average Basic & Diluted Shares Outstanding	-	51.41M	51.30M	51.78M	52.37M	52.69M	52.71M	55.88M

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	12	31	1.89	-5.48	22	32	9.84	-1.12	31	18	-3.05
Consolidated Net Income / (Loss)	12	13	1.89	-5.48	22	31	9.84	-1.12	31	29	-3.05
Net Income / (Loss) Continuing Operations	12	13	1.89	-5.48	22	31	9.84	-1.12	31	29	-3.05
Total Pre-Tax Income	16	17	2.40	-6.96	29	41	13	-1.45	41	40	-3.90
Total Operating Income	18	20	6.33	-2.55	33	45	17	3.08	46	46	14
Total Gross Profit	44	50	30	26	64	76	52	39	83	84	77
Total Revenue	380	393	342	325	422	475	397	371	518	538	562
Operating Revenue	380	393	342	325	422	475	397	371	518	538	562
Total Cost of Revenue	336	343	311	299	358	399	345	333	434	454	485
Operating Cost of Revenue	336	343	311	299	358	399	345	333	434	454	485
Total Operating Expenses	26	29	24	29	31	36	35	36	38	38	63
Selling, General & Admin Expense	27	31	30	32	32	33	35	37	39	40	44
Restructuring Charge	-	-	-	-	-	-	0.53	-	-	-	20
Other Special Charges / (Income)	-0.33	-1.89	-0.17	-3.16	-1.50	-2.22	-0.84	-1.03	-1.09	-1.52	-1.06
Total Other Income / (Expense), net	-1.88	-3.28	-3.93	-4.40	-4.55	1.79	-3.77	-4.53	-4.64	-6.20	-18
Interest Expense	2.05	-	3.96	4.80	-	-	3.75	4.57	-	-	18
Other Income / (Expense), net	0.18	0.26	0.03	0.40	0.49	5.34	-0.03	0.04	0.03	-0.12	0.42
Income Tax Expense	3.96	4.05	0.51	-1.47	7.12	10	3.12	-0.32	10	10	-0.85
Other Adjustments to Consolidated Net Income / (Loss)	-	-	-	-	-	-	0.00	-	-	-	0.00
Basic Earnings per Share	$0.23	$0.25	$0.04	($0.11)	$0.42	$0.60	$0.19	($0.02)	$0.60	$0.56	($0.06)
Weighted Average Basic Shares Outstanding	51.79M	51.77M	51.82M	51.83M	51.83M	51.83M	51.89M	51.94M	51.91M	51.88M	54.16M
Diluted Earnings per Share	$0.23	$0.25	$0.04	($0.11)	$0.41	$0.60	$0.19	($0.02)	$0.59	$0.55	($0.06)
Weighted Average Diluted Shares Outstanding	51.89M	51.96M	52.12M	51.83M	52.29M	52.26M	52.43M	51.94M	52.65M	52.57M	54.16M
Weighted Average Basic & Diluted Shares Outstanding	52.55M	52.69M	52.72M	52.75M	52.73M	52.71M	52.83M	52.83M	52.76M	55.88M	55.95M

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	-5.15	9.38	7.95	-13	24	-5.87	21	-19	8.01	18	56
Net Cash From Operating Activities	-13	26	29	17	49	63	60	18	35	96	41
Net Cash From Continuing Operating Activities	-13	26	29	17	49	63	60	18	35	96	41
Net Income / (Loss) Continuing Operations	12	13	1.89	-5.48	22	31	9.84	-1.12	31	29	-3.05
Consolidated Net Income / (Loss)	12	13	1.89	-5.48	22	31	9.84	-1.12	31	29	-3.05
Depreciation Expense	17	15	18	20	20	21	21	23	24	25	31
Amortization Expense	0.07	0.02	0.08	0.07	0.07	0.07	0.07	0.07	0.08	0.14	0.50
Non-Cash Adjustments To Reconcile Net Income	-6.79	6.74	-3.28	7.90	4.00	17	8.62	11	11	10	14
Changes in Operating Assets and Liabilities, net	-36	-9.09	12	-5.53	3.56	-6.30	21	-14	-31	31	-1.73
Net Cash From Investing Activities	-18	-39	-71	-27	-21	-25	-105	-34	-61	-108	-679
Net Cash From Continuing Investing Activities	-18	-39	-71	-27	-21	-25	-105	-34	-61	-108	-679
Purchase of Property, Plant & Equipment	-18	-17	-32	-29	-19	-19	-27	-29	-15	-18	-27
Acquisitions	-	-26	-77	-0.64	-4.90	-9.05	-81	-6.50	-47	-97	-654
Purchase of Investments	-1.30	0.23	-	-	-2.73	-3.48	0.00	-	-2.51	-1.11	-2.26
Sale of Property, Plant & Equipment	0.41	3.34	1.61	6.69	4.34	5.06	2.46	2.50	3.09	6.01	1.84
Sale and/or Maturity of Investments	-	-	0.17	0.70	0.54	1.50	1.01	0.91	0.94	0.69	2.42
Net Cash From Financing Activities	26	22	50	-3.13	-3.13	-44	65	-3.75	34	31	695
Net Cash From Continuing Financing Activities	26	22	50	-3.13	-3.13	-44	65	-3.75	34	31	695
Repayment of Debt	-	-3.13	-3.13	-3.13	-3.13	-94	-24	-3.75	-20	-25	-128
Repurchase of Common Equity	-	-	-0.14	-	-	-	-1.34	-	-	-	-12
Issuance of Debt	26	25	53	-	-	50	90	-	59	61	835
Cash Interest Paid	2.35	3.56	4.06	4.98	5.27	4.84	4.69	4.88	5.63	6.48	15

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

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

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

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

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	45.33%	40.86%	19.94%	33.47%	10.95%	20.86%	16.01%	14.34%	22.73%	13.29%	41.63%
EBITDA Growth	30.49%	42.19%	1.14%	208.18%	50.58%	97.72%	52.74%	46.45%	29.62%	-0.36%	21.12%
EBIT Growth	25.28%	79.23%	-25.81%	81.19%	86.13%	141.93%	162.61%	245.05%	35.04%	-8.87%	-14.83%
NOPAT Growth	42.20%	81.98%	-21.83%	77.80%	84.77%	115.07%	154.98%	220.74%	37.08%	0.87%	-23.95%
Net Income Growth	30.28%	65.99%	-65.67%	41.80%	78.15%	135.71%	420.24%	79.49%	42.58%	-5.19%	-131.00%
EPS Growth	27.78%	56.25%	-63.64%	38.89%	78.26%	140.00%	375.00%	81.82%	43.90%	-8.33%	-131.58%
Operating Cash Flow Growth	-287.64%	-33.06%	5,105.89%	334.31%	475.31%	138.82%	109.04%	8.09%	-29.10%	53.16%	-32.65%
Free Cash Flow Firm Growth	-173.07%	10.77%	21.90%	52.15%	79.43%	97.31%	81.34%	52.28%	-57.67%	-2,263.25%	-2,993.77%
Invested Capital Growth	61.91%	38.97%	26.93%	18.21%	10.84%	4.96%	5.37%	7.71%	14.80%	19.85%	114.07%
Revenue Q/Q Growth	56.24%	3.36%	-13.05%	-4.95%	29.87%	12.59%	-16.53%	-6.32%	39.41%	3.93%	4.35%
EBITDA Q/Q Growth	515.20%	1.90%	-31.38%	-28.35%	200.60%	33.79%	-46.99%	-31.30%	166.05%	2.85%	-35.56%
EBIT Q/Q Growth	258.81%	13.92%	-69.28%	-133.84%	1,671.44%	48.07%	-66.65%	-81.31%	1,362.98%	-0.08%	-68.83%
NOPAT Q/Q Growth	268.90%	15.06%	-68.11%	-135.83%	1,505.58%	33.92%	-62.19%	-83.04%	1,495.79%	-1.46%	-71.49%
Net Income Q/Q Growth	229.20%	7.78%	-85.57%	-389.69%	495.49%	42.61%	-68.16%	-111.42%	2,849.82%	-5.18%	-110.41%
EPS Q/Q Growth	227.78%	8.70%	-84.00%	-375.00%	472.73%	46.34%	-68.33%	-110.53%	3,050.00%	-6.78%	-110.91%
Operating Cash Flow Q/Q Growth	-436.22%	301.45%	10.16%	-41.79%	190.54%	28.19%	-3.57%	-69.90%	90.57%	176.91%	-57.60%
Free Cash Flow Firm Q/Q Growth	-0.55%	24.83%	16.35%	24.32%	56.77%	90.19%	-481.11%	-93.55%	-42.84%	-47.11%	-660.74%
Invested Capital Q/Q Growth	6.53%	5.08%	5.72%	-0.11%	-0.12%	-0.49%	6.13%	2.11%	6.45%	3.90%	89.56%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	11.64%	12.62%	8.92%	8.09%	15.19%	15.90%	13.08%	10.45%	16.12%	15.62%	13.63%
EBITDA Margin	9.33%	9.20%	7.26%	5.47%	12.67%	15.05%	9.56%	7.01%	13.38%	13.24%	8.17%
Operating Margin	4.73%	5.20%	1.85%	-0.79%	7.90%	9.42%	4.22%	0.83%	8.82%	8.50%	2.46%
EBIT Margin	4.78%	5.27%	1.86%	-0.66%	8.02%	10.55%	4.21%	0.84%	8.82%	8.48%	2.53%
Profit (Net Income) Margin	3.20%	3.34%	0.55%	-1.69%	5.14%	6.51%	2.48%	-0.30%	5.97%	5.45%	-0.54%
Tax Burden Percent	75.47%	76.33%	78.77%	78.81%	75.28%	75.10%	75.94%	77.79%	75.36%	74.07%	78.21%
Interest Burden Percent	88.70%	82.98%	37.76%	323.04%	85.11%	82.17%	77.58%	-46.27%	89.77%	86.67%	-27.42%
Effective Tax Rate	24.53%	23.55%	21.23%	0.00%	24.72%	24.90%	24.06%	0.00%	24.64%	25.92%	0.00%
Return on Invested Capital (ROIC)	6.99%	7.63%	2.66%	-1.03%	11.14%	13.68%	6.06%	1.12%	13.09%	12.62%	2.48%
ROIC Less NNEP Spread (ROIC-NNEP)	6.25%	6.64%	1.63%	-2.13%	10.12%	12.85%	5.27%	0.25%	12.16%	11.36%	0.70%
Return on Net Nonoperating Assets (RNNOA)	2.89%	3.97%	1.10%	-1.65%	7.45%	8.51%	3.94%	0.19%	8.86%	7.61%	0.75%
Return on Equity (ROE)	9.88%	11.60%	3.76%	-2.68%	18.58%	22.20%	10.00%	1.31%	21.95%	20.23%	3.23%
Cash Return on Invested Capital (CROIC)	-44.03%	-28.67%	-20.34%	-12.55%	-4.80%	2.75%	2.85%	1.09%	-4.49%	-8.91%	-66.79%
Operating Return on Assets (OROA)	6.35%	7.21%	2.53%	-0.92%	10.78%	14.24%	5.67%	1.14%	11.88%	11.20%	2.62%
Return on Assets (ROA)	4.25%	4.57%	0.75%	-2.34%	6.91%	8.79%	3.34%	-0.41%	8.04%	7.19%	-0.56%
Return on Common Equity (ROCE)	9.88%	11.60%	3.76%	-2.68%	18.58%	22.20%	10.00%	1.31%	21.95%	20.23%	3.23%
Return on Equity Simple (ROE_SIMPLE)	3.75%	0.00%	3.87%	4.79%	6.49%	0.00%	10.93%	11.68%	12.76%	0.00%	6.91%
Net Operating Profit after Tax (NOPAT)	14	16	4.98	-1.79	25	34	13	2.16	34	34	9.67
NOPAT Margin	3.57%	3.98%	1.46%	-0.55%	5.95%	7.08%	3.21%	0.58%	6.64%	6.30%	1.72%
Net Nonoperating Expense Percent (NNEP)	0.74%	0.99%	1.03%	1.10%	1.02%	0.84%	0.78%	0.87%	0.93%	1.26%	1.78%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	1.32%	-	-	-	0.48%
Cost of Revenue to Revenue	88.36%	87.38%	91.08%	91.91%	84.81%	84.10%	86.92%	89.55%	83.88%	84.38%	86.37%
SG&A Expenses to Revenue	6.99%	7.90%	8.70%	9.85%	7.64%	6.95%	8.94%	9.89%	7.52%	7.40%	7.88%
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	6.90%	7.42%	7.07%	8.88%	7.28%	7.61%	8.86%	9.62%	7.31%	7.12%	11.18%
Earnings before Interest and Taxes (EBIT)	18	21	6.36	-2.15	34	50	17	3.12	46	46	14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	35	36	25	18	53	72	38	26	69	71	46
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.55	3.02	3.06	3.14	3.44	3.73	4.40	5.65	5.27	6.42	6.09
Price to Tangible Book Value (P/TBV)	3.75	4.44	4.97	5.19	5.47	5.71	7.06	9.21	8.79	11.45	62.77
Price to Revenue (P/Rev)	0.93	1.06	1.04	0.99	1.12	1.23	1.42	1.78	1.66	2.02	2.49
Price to Earnings (P/E)	68.18	35.32	39.73	36.11	33.90	38.50	39.55	47.55	40.73	63.78	110.21
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	1.47%	2.83%	2.52%	2.77%	2.95%	2.60%	2.53%	2.10%	2.46%	1.57%	0.91%
Enterprise Value to Invested Capital (EV/IC)	1.89	2.17	2.14	2.16	2.41	2.70	3.02	3.72	3.47	4.13	3.20
Enterprise Value to Revenue (EV/Rev)	1.20	1.31	1.31	1.25	1.35	1.43	1.64	2.01	1.88	2.25	3.02
Enterprise Value to EBITDA (EV/EBITDA)	15.57	16.79	17.43	15.76	15.18	13.37	14.68	17.68	16.21	20.06	28.30
Enterprise Value to EBIT (EV/EBIT)	52.88	47.52	52.71	41.79	34.16	25.41	26.93	32.18	28.71	36.89	55.32
Enterprise Value to NOPAT (EV/NOPAT)	72.04	63.94	70.46	56.48	46.25	36.50	38.34	45.31	39.99	49.26	74.53
Enterprise Value to Operating Cash Flow (EV/OCF)	48.24	103.73	38.76	30.57	16.62	14.25	14.06	17.57	18.88	19.62	31.75
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	100.84	108.76	354.60	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.82	0.82	0.93	0.93	0.87	0.73	0.85	0.84	0.86	0.90	1.51
Long-Term Debt to Equity	0.79	0.80	0.90	0.90	0.84	0.70	0.82	0.81	0.82	0.85	1.46
Financial Leverage	0.46	0.60	0.67	0.77	0.74	0.66	0.75	0.77	0.73	0.67	1.07
Leverage Ratio	2.15	2.24	2.25	2.40	2.42	2.38	2.45	2.51	2.53	2.53	2.89
Compound Leverage Factor	1.91	1.86	0.85	7.74	2.06	1.96	1.90	-1.16	2.27	2.20	-0.79
Debt to Total Capital	45.09%	45.17%	48.12%	48.27%	46.58%	42.11%	45.89%	45.51%	46.36%	47.23%	60.08%
Short-Term Debt to Total Capital	1.59%	1.50%	1.41%	1.54%	1.55%	1.68%	1.56%	1.56%	2.32%	2.44%	1.86%
Long-Term Debt to Total Capital	43.50%	43.67%	46.70%	46.73%	45.02%	40.43%	44.34%	43.95%	44.04%	44.79%	58.23%
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	54.91%	54.83%	51.88%	51.73%	53.42%	57.89%	54.11%	54.49%	53.64%	52.77%	39.92%
Debt to EBITDA	3.88	3.68	4.16	3.70	3.17	2.24	2.45	2.32	2.33	2.51	5.75
Net Debt to EBITDA	3.51	3.27	3.67	3.33	2.66	1.86	1.98	1.97	1.97	2.05	5.04
Long-Term Debt to EBITDA	3.74	3.56	4.04	3.58	3.07	2.15	2.36	2.24	2.22	2.38	5.57
Debt to NOPAT	17.94	14.03	16.83	13.25	9.67	6.13	6.39	5.95	5.76	6.17	15.13
Net Debt to NOPAT	16.23	12.45	14.84	11.93	8.09	5.08	5.17	5.05	4.85	5.03	13.26
Long-Term Debt to NOPAT	17.30	13.57	16.34	12.83	9.34	5.88	6.17	5.75	5.47	5.85	14.66
Altman Z-Score	2.81	3.00	2.94	2.92	3.22	3.54	3.60	3.97	3.78	4.01	2.77
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	1.91	1.84	1.98	1.80	1.83	1.70	1.75	1.64	1.60	1.54	1.54
Quick Ratio	1.30	1.33	1.35	1.22	1.29	1.26	1.23	1.12	1.15	1.12	1.10
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-273	-206	-172	-130	-56	-5.52	-32	-62	-89	-131	-993
Operating Cash Flow to CapEx	-76.00%	197.52%	96.10%	76.27%	341.39%	456.84%	248.23%	69.27%	293.31%	833.32%	162.72%
Free Cash Flow to Firm to Interest Expense	-133.15	0.00	-43.43	-27.10	0.00	0.00	-8.57	-13.60	0.00	0.00	-54.76
Operating Cash Flow to Interest Expense	-6.34	0.00	7.29	3.50	0.00	0.00	16.12	3.98	0.00	0.00	2.24
Operating Cash Flow Less CapEx to Interest Expense	-14.67	0.00	-0.30	-1.09	0.00	0.00	9.62	-1.76	0.00	0.00	0.86
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.33	1.37	1.36	1.39	1.34	1.35	1.35	1.36	1.35	1.32	1.03
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	16.59	18.16	17.80	16.56	15.83	17.28	15.90	15.18	15.68	16.42	14.11
Fixed Asset Turnover	3.16	2.94	2.93	3.01	3.10	3.17	3.05	3.12	3.26	3.21	2.50
Accounts Payable Turnover	10.50	10.72	12.83	12.35	10.64	9.70	11.50	10.91	10.59	9.38	11.25
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)	22.01	20.09	20.51	22.04	23.05	21.12	22.96	24.04	23.28	22.23	25.87
Days Payable Outstanding (DPO)	34.77	34.05	28.45	29.55	34.31	37.63	31.73	33.45	34.47	38.93	32.45
Cash Conversion Cycle (CCC)	-12.76	-13.95	-7.95	-7.51	-11.26	-16.50	-8.77	-9.41	-11.18	-16.70	-6.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	751	789	834	833	832	828	879	897	955	992	1,881
Invested Capital Turnover	1.96	1.92	1.82	1.87	1.87	1.93	1.89	1.92	1.97	2.00	1.44
Increase / (Decrease) in Invested Capital	287	221	177	128	81	39	45	64	123	164	1,002
Enterprise Value (EV)	1,420	1,711	1,782	1,801	2,007	2,239	2,652	3,339	3,319	4,102	6,013
Market Capitalization	1,100	1,378	1,406	1,420	1,656	1,928	2,295	2,966	2,917	3,683	4,943
Book Value per Share	$8.20	$8.68	$8.71	$8.59	$9.12	$9.80	$10.04	$9.94	$10.47	$10.87	$14.52
Tangible Book Value per Share	$5.58	$5.91	$5.37	$5.20	$5.74	$6.41	$6.26	$6.10	$6.28	$6.09	$1.41
Total Capital	784	831	884	875	901	892	963	963	1,031	1,087	2,032
Total Debt	354	376	426	422	419	376	442	438	478	514	1,221
Total Long-Term Debt	341	363	413	409	405	361	427	423	454	487	1,183
Net Debt	320	333	375	380	351	311	358	372	402	419	1,070
Capital Expenditures (CapEx)	17	13	30	22	14	14	24	26	12	12	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	171	168	167	164	160	160	144	150	174	154	158
Debt-free Net Working Capital (DFNWC)	198	204	211	194	214	209	213	200	232	231	291
Net Working Capital (NWC)	185	191	198	181	200	194	198	185	208	205	253
Net Nonoperating Expense (NNE)	1.42	2.51	3.09	3.70	3.42	2.70	2.87	3.28	3.50	4.60	13
Net Nonoperating Obligations (NNO)	320	333	375	380	351	311	358	372	402	419	1,070
Total Depreciation and Amortization (D&A)	17	15	18	20	20	21	21	23	24	26	32
Debt-free, Cash-free Net Working Capital to Revenue	14.43%	12.91%	12.31%	11.37%	10.77%	10.24%	8.88%	9.00%	9.86%	8.47%	7.94%
Debt-free Net Working Capital to Revenue	16.63%	15.64%	15.51%	13.49%	14.48%	13.38%	13.19%	12.03%	13.18%	12.67%	14.64%
Net Working Capital to Revenue	15.58%	14.68%	14.59%	12.56%	13.53%	12.42%	12.26%	11.13%	11.82%	11.22%	12.74%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.23	$0.25	$0.04	($0.11)	$0.42	$0.60	$0.19	($0.02)	$0.60	$0.56	($0.06)
Adjusted Weighted Average Basic Shares Outstanding	51.79M	51.77M	51.82M	51.83M	51.83M	51.83M	51.89M	51.94M	51.91M	51.88M	54.16M
Adjusted Diluted Earnings per Share	$0.23	$0.25	$0.04	($0.11)	$0.41	$0.60	$0.19	($0.02)	$0.59	$0.55	($0.06)
Adjusted Weighted Average Diluted Shares Outstanding	51.89M	51.96M	52.12M	51.83M	52.29M	52.26M	52.43M	51.94M	52.65M	52.57M	54.16M
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	52.55M	52.69M	52.72M	52.75M	52.73M	52.71M	52.83M	52.83M	52.76M	55.88M	55.95M
Normalized Net Operating Profit after Tax (NOPAT)	13	14	4.85	-4.00	24	32	12	1.43	34	33	23
Normalized NOPAT Margin	3.51%	3.61%	1.42%	-1.23%	5.68%	6.72%	3.15%	0.39%	6.49%	6.09%	4.03%
Pre Tax Income Margin	4.24%	4.37%	0.70%	-2.14%	6.83%	8.67%	3.27%	-0.39%	7.92%	7.35%	-0.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.85	0.00	1.61	-0.45	0.00	0.00	4.46	0.68	0.00	0.00	0.78
NOPAT to Interest Expense	6.61	0.00	1.26	-0.37	0.00	0.00	3.39	0.47	0.00	0.00	0.53
EBIT Less CapEx to Interest Expense	0.51	0.00	-5.98	-5.04	0.00	0.00	-2.03	-5.06	0.00	0.00	-0.59
NOPAT Less CapEx to Interest Expense	-1.72	0.00	-6.33	-4.96	0.00	0.00	-3.10	-5.27	0.00	0.00	-0.85
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%	0.18%	0.78%	0.00%	0.00%	0.28%	2.35%	0.00%	0.00%	16.41%	39.36%

Frequently Asked Questions About Construction Partners' Financials

When does Construction Partners's fiscal year end?

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

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 4/16/2025 by MarketBeat.com Staff

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Construction Partners (ROAD) Financials

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Construction Partners (ROAD) Financials

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