ROAD
Construction Partners, Inc.

Construction Partners, Inc.ROAD

Industrials · Engineering & Construction
77.18USD
-0.45%
Nov 08, 2026
ROAD overview ready
Vertically Integrated Sunbelt Roadway Contractor and Asphalt Supplier
Vertically integrated Sunbelt civil-infrastructure contractor and asphalt producer serving publicly funded road, bridge and airport work as well as private paving and site-development projects.
Primary theme is improving
Engineering & Infrastructure Construction is improving (+11.9pp vs SPY over 21 sessions; 7 of 9 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on public infrastructure funding levels.
Market Nov 6Filing Jun 30Price action Nov 7Research Sep 7

Conviction Level

PriceAction5.4BusinessPerformance4.0BusinessQuality7.1Valuation9.7ThemeMomentum7.0Decelerating — Revenue is still growing (+28% YoY), but growth has slowed for 3 consecutive quarters, down from +67%. Diluted EPS is up 34% year over year at $1.06. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+11.9pp
Theme return
+6.9%
Beating SPY
7 of 9
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$4.3B
Avg Volume (60D)
679.3K
60 sessions
Revenue Growth YoY
+54.2%
FY2025 vs FY2024
Gross Margin
+15.8%
Trailing twelve months
Operating Margin
+8.6%
Trailing twelve months
Free Cash Flow Yield
+4.0%
Distance from 200DMA
-30.1%
Next Earnings
2026-11-19
P/E
30.4x
EV / EBITDA
12.9x
EV / Sales
1.7x
Market metrics as of Nov 6, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Business Performance

Decelerating

Revenue is still growing (+28% YoY), but growth has slowed for 3 consecutive quarters, down from +67%. Diluted EPS is up 34% year over year at $1.06.

Latest reported: Q3 FY2026, ended Jun 30
Revenue growthSlowing
+28%
$999M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +67%
  2. +44%
  3. +35%
  4. +28%
Earnings growthGrowing
+34%
Diluted EPS $1.06 vs $0.79 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +82%
  2. n/a
  3. +100%
  4. +34%
Operating marginStable
10.9%
+0.3 pp YoY · gross margin 16.9% (-0.1 pp)

Business Quality

7.1 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

One of the two valuation perspectives says cheap; peers is the dissenting view.
Construction Partners, Inc. has a Cheap valuation stance because current market expectations look undemanding relative to how much growth and cash flow it delivers per turn of revenue multiple.

Company Research

Thesis
Vertically integrated Sunbelt civil-infrastructure contractor and asphalt producer serving publicly funded road, bridge and airport work as well as private paving and site-development projects. ROAD is a direct operating beneficiary of the surface-transportation construction cycle rather than a vague industrial adjacency.
Opportunity
Moderate opportunity
Public and private spending to repair, resurface, widen and build roads, bridges, airport runways and related surface infrastructure, supported by contractor capacity and locally integrated asphalt-material supply.
Key risk
Dependence on public infrastructure funding levels.

Economic classification

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Business & Markets

Industrials · Engineering & Construction
What they do

Construction Partners, Inc. operates as a civil infrastructure contractor focused on constructing and maintaining roadways and related infrastructure primarily in the Sunbelt region of the US. It is vertically integrated, combining construction services with manufacturing and distribution of hot mix asphalt for internal use and third-party sales.

How it earns

The company generates revenue primarily through project-based contracts for public and private infrastructure construction and paving services.

Products & services
Roadway construction and maintenance
Hot mix asphalt manufacturing and distribution
Paving services
Bridge and airport runway construction
Customers & end markets
Public sector infrastructure agencies
Private commercial and residential developers
Market position

A vertically integrated regional contractor and asphalt producer serving the Sunbelt civil infrastructure market.

Demand drivers
Medium cyclicality

Demand depends on public infrastructure budgets and private development cycles, which can fluctuate with economic conditions.

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