Feed / ROAD

Construction Partners, Inc.

ROAD

Industrials · 99.79 +3.9% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

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.

What changed
  • Revenue increased 28.2% versus the comparable filing period.
Company+3.9% todayVolume comparison unavailable
Market group0 of 1 activeRoad Construction · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • 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.

Watch this read

Research brief

The story so far

Industrials · Engineering & Construction

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.

Evidence that supports
  • Revenue increased 28.2% versus the comparable filing period.
  • Net income increased 35.2% versus the comparable filing period.
Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • ROAD's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements90
Verified relationships14
Evidence supporting the case
  • 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.
Evidence challenging the case
  • Diluted shares increased 5.3% in the latest annual period.
Questions before a position
  • 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.
Longer-term price context

Price as of Sep 11, 2026

99.79
6m-14.3%12m-19.4%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-09-30$910.7M+15.9%$0.39+0.3%
2022-09-30$1.3B+42.9%$0.41+0.4%
2023-09-30$1.6B+20.1%$0.94+0.6%
2024-09-30$1.8B+16.7%$1.31+0.6%
2025-09-30$2.8B+54.2%$1.84+5.3%

What management says matters

Persistent and emerging business drivers

Demand and volumepositive · 5 filings
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
Energy and commodity pricesmixed · 1 filings
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.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

99.79+3.9% today

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.

constructive
OperationsconstructiveEvidence score +3
liquidityneutralEvidence score 0
valuationmixed

Capital and cash conversion

Investment load increased

watch

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.