“This is because goods and services promised under change orders are generally not distinct from the remaining goods and services under the existing contract, due to the significant integration of services performed in the context of the contract.”10-Q · Aug 7, 2026 ↗
Construction Partners, Inc.
ROAD
Market read
Construction Partners, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 30 directly disclosed connections are confirming.
- Revenue increased 28.2% versus the comparable filing period.
- ROAD's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if ROAD's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 30 directly disclosed connections are confirming.
- Revenue increased 28.2% versus the comparable filing period.
- Net income increased 35.2% versus the comparable filing period.
No thresholded adverse filing evidence is available yet.
- ROAD's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +54.2% year over year.
- Operating margin changed +1.9 percentage points in the latest annual period.
- Demand and volume has repeated favorable evidence across 5 filings.
- Diluted shares increased 5.3% in the latest annual period.
- P/E is 23% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 69% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
99.79Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Reduced availability of trucking capacity due to shortages of drivers and increased fuel costs has caused an increase in the cost of transportation for us and our suppliers.”10-K · Nov 25, 2025 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 2.0× · EV/sales 2.5×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for ROAD. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
Fundamentals strengthened in the latest filing
10-Q filed 2026-08-07 against the comparable filing from 2025-08-07.
Capital and cash conversion
Investment load increased
Capital spending consumed more revenue while free-cash-flow margin declined.
- Capital spending YoY
- +37.5%
- Capital spending / revenue
- +5.6%
- Free-cash-flow margin
- +3.7%
- FCF margin change
- -0.1 pts
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
What improved
- Revenue increased 28.2% versus the comparable filing period.
- Net income increased 35.2% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“The increase was attributable to general and administrative expenses associated with the operations of businesses acquired during or subsequent to the nine months ended June 30, 2025 and an increase in share-based compensation expense.”
“However, future cash flows are subject to a number of variables, including the potential impacts of inflation and supply chain constraints, and significant additional capital expenditures will be required to conduct our operations.”
“The Company evaluates its available-for-sale debt securities quarterly to determine whether there has been a decline in the fair value below the amortized cost due to credit losses or other factors.”
Point-in-time filing assessment published from the live pipeline.
Business ecosystem
The relationships behind ROAD
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
SUNBSunbelt Rentals Holdings, Inc.customerNov 25, 2025 ▾
“Projects and Customers We provide construction products and services to both public and private infrastructure projects, with an emphasis on highways, roads, bridges, airports, and commercial and residential sites throughout the Sunbelt in Alabama, Florida, G…”
VMCVulcan Materials CompanysupplierNov 25, 2025 ▾
“In October 2025, we acquired eight HMA plants and related crews and equipment in the Houston, Texas metro area from affiliates of Vulcan Materials Company, and acquired all of the outstanding equity interests of P&S Paving, LLC, an HMA manufacturing and const…”
Depended on by
DEDeere & CompanycustomerDec 18, 2025 ▾
“5 Table of Contents Construction & Forestry Our CF segment is committed to meeting the need for smart and more sustainable solutions to help our customers meet industry challenges, including jobsite safety, a shortage of skilled labor, volatile input costs, r…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 27 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
ROAD is currently a Leader in the organic co-movement group Road Construction. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for ROAD; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.