{ "ok": true, "cik": "1718227", "ticker": "ROAD", "name": "Construction Partners, Inc.", "filings": [ { "form": "8-K", "filed": "2026-09-21", "items": [ "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1718227/000162828026062927/0001628280-26-062927-index.htm" }, { "form": "8-K", "filed": "2026-08-31", "items": [ "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1718227/000162828026059479/0001628280-26-059479-index.htm" }, { "form": "8-K", "filed": "2026-08-10", "items": [ "3.01 Notice of Delisting or Failure to Satisfy a Listing Rule", "3.02 Unregistered Sales of Equity Securities", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1718227/000162828026055282/0001628280-26-055282-index.htm" }, { "form": "10-Q", "filed": "2026-08-07", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1718227/000162828026054661/0001628280-26-054661-index.htm" }, { "form": "8-K", "filed": "2026-08-07", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1718227/000162828026054592/0001628280-26-054592-index.htm" }, { "form": "8-K", "filed": "2026-07-13", "items": [ "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1718227/000162828026048026/0001628280-26-048026-index.htm" } ], "events12m": 18, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 1, "latest": { "filed": "2026-08-10", "url": "https://www.sec.gov/Archives/edgar/data/1718227/000162828026055282/0001628280-26-055282-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2025-11-10", "url": "https://www.sec.gov/Archives/edgar/data/1718227/000162828025051140/0001628280-25-051140-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001718227.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1718227" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Construction Partners, Inc. ($ROAD). Last filing: 8-K (7.01 Regulation FD Disclosure), 2026-09-21. 18 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-09-30", "revenue": 2812356000, "revenueGrowth1y": 0.5419556782238393, "revenueGrowthPerYear": 0.32562012899878146, "yearsOfData": 5, "operatingMargin": 0.07993689276890976, "operatingMarginPrior": 0.060990553701458804, "netMargin": 0.036190652961431626, "operatingCashFlow": 291303000, "capitalSpending": 137931000, "freeCashFlow": 153372000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 156062000, "longTermDebt": 1626125000, "longTermDebtChange": 2.1572913066608677, "revenueHistory": [ { "fiscalYearEnd": "2021-09-30", "revenue": 910739000 }, { "fiscalYearEnd": "2022-09-30", "revenue": 1301674000 }, { "fiscalYearEnd": "2023-09-30", "revenue": 1563548000 }, { "fiscalYearEnd": "2024-09-30", "revenue": 1823889000 }, { "fiscalYearEnd": "2025-09-30", "revenue": 2812356000 } ], "totalEquity": 911963000, "totalAssets": 3238856000, "equityRatio": 0.28156948008803107, "returnOnEquity": 0.1116065015795597, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 1.85, "sharesOutstanding": 55371061, "bookValuePerShare": 16.470029353419832, "revenuePerShare": 50.791080199817735, "range80": { "low": 3294259181.846371, "high": 4604823861.002836, "baseline": 3986134840.4513884, "n": 4599, "band": "b1", "bandLabel": "$1B–10B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.1348888570701459, "classVolatility": 0.07701947805587882, "volatility": 0.10983397416485084 }, "ifPaceHeld": { "low": 3294259181.846371, "high": 4604823861.002836 } }, "edgarette": "🔖 Exposure: revenue $2.8B (FY2025), total debt $1.6B. Experience: revenue up 54.2% on the year, up 32.6% a year over 4 years; operating margin 8.0%, up from 6.1%. Soundness: equity 28.2% of assets, return on equity 11.2%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $3.3B and $4.6B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $2.9B to $5.2B. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, heavy construction other than bldg const - contractors): operating margin 8.0% against a 4.0% median; growth 54.2% against 4.8%.", "peers": { "sic": 1600, "sicDescription": "Heavy Construction Other Than Bldg Const - Contractors", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "1600", "growth": [ 0.0482, 8 ], "opMargin": [ 0.0405, 8 ] }, "summary": "Construction Partners (ROAD) grew revenue 54.2% in FY2025 to $2.8 billion, operating margin 8.0% against a 4.0% median for heavy construction other than bldg const - contractors, equity 28.2% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Construction Partners, Inc. against its own record and its peers
Operating marginPeer median 4.0%8.0%Revenue, on the yearPeer median 4.8%54.2%Equity of assets28.2%Return on equity11.2%No peer group large enough for a median
", "chartHorizon": null, "backtest": { "tests": 5, "hits": 3, "rate": 0.6, "method": "v4", "byYear": { "2021": [ 1, 1 ], "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T21:23:01.770Z", "hash": "e0fd496858a5ae9f", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Construction Partners (ROAD) grew revenue 54.2% in FY2025 to $2.8 billion, operating margin 8.0% against a 4.0% median for heavy construction other than bldg const - contractors, equity 28.2% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-09-30", "revenue": 2812356000, "totalDebt": 1626125000, "cash": 156062000 }, "experience": { "revenueGrowth1y": 0.5419556782238393, "revenueGrowthPerYear": 0.32562012899878146, "operatingMargin": 0.07993689276890976, "operatingMarginPrior": 0.060990553701458804, "netMargin": 0.036190652961431626, "freeCashFlow": 153372000 }, "soundness": { "equityRatio": 0.28156948008803107, "returnOnEquity": 0.1116065015795597, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 1600, "sicDescription": "Heavy Construction Other Than Bldg Const - Contractors", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "1600", "growth": [ 0.0482, 8 ], "opMargin": [ 0.0405, 8 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 1, "latest": { "filed": "2026-08-10", "url": "https://www.sec.gov/Archives/edgar/data/1718227/000162828026055282/0001628280-26-055282-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2025-11-10", "url": "https://www.sec.gov/Archives/edgar/data/1718227/000162828025051140/0001628280-25-051140-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 3294259181.846371, "high": 4604823861.002836, "baseline": 3986134840.4513884, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4599, "sizeBand": "$1B–10B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.1348888570701459, "classVolatility": 0.07701947805587882, "pricedVolatility": 0.10983397416485084, "k": 3 }, "stress": { "low": 2914984838.1777897, "high": 5204581149.942197, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 5, "hits": 3, "rate": 0.6, "method": "v4", "byYear": { "2021": [ 1, 1 ], "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T21:23:01.770Z", "hash": "e0fd496858a5ae9f", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001718227.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1718227" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1036, "growth3y": 0.2928, "volatility": 0.1349, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.2886, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "between", "inside": "Turns 10.4% of revenue into operating cash; revenue growing 29.3% a year over three years; no common dividend.", "outside": "Among $1B-10B companies: 37th percentile for cash, 93rd for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$1B-10B", "cashPctInClass": 37, "growthPctInClass": 93, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-09-30", "operating": 291303000, "investing": -1280187000, "financing": 1071215000, "capitalSpending": 137931000, "free": 153372000, "trend": [ { "fiscalYearEnd": "2021-09-30", "operating": 48500000, "free": -7832000 }, { "fiscalYearEnd": "2022-09-30", "operating": 16498000, "free": -52353000 }, { "fiscalYearEnd": "2023-09-30", "operating": 157157000, "free": 59347000 }, { "fiscalYearEnd": "2024-09-30", "operating": 209079000, "free": 121149000 }, { "fiscalYearEnd": "2025-09-30", "operating": 291303000, "free": 153372000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-09-30", "cash": 156062000, "shortTerm": 2799000, "longTerm": null, "equityHoldings": null, "totalAssets": 3238856000, "ladder": { "within1y": 2799000, "y1to5": null, "y5to10": null, "y10plus": null, "noSingleDate": null }, "currentRatio": 1.61, "unrealizedGain": 265000, "unrealizedLoss": 119000, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1036, "growth3y": 0.2928, "volatility": 0.1349, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.2886, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "between", "inside": "Turns 10.4% of revenue into operating cash; revenue growing 29.3% a year over three years; no common dividend.", "outside": "Among $1B-10B companies: 37th percentile for cash, 93rd for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$1B-10B", "cashPctInClass": 37, "growthPctInClass": 93, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-09-30", "operating": 291303000, "investing": -1280187000, "financing": 1071215000, "capitalSpending": 137931000, "free": 153372000, "trend": [ { "fiscalYearEnd": "2021-09-30", "operating": 48500000, "free": -7832000 }, { "fiscalYearEnd": "2022-09-30", "operating": 16498000, "free": -52353000 }, { "fiscalYearEnd": "2023-09-30", "operating": 157157000, "free": 59347000 }, { "fiscalYearEnd": "2024-09-30", "operating": 209079000, "free": 121149000 }, { "fiscalYearEnd": "2025-09-30", "operating": 291303000, "free": 153372000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-09-30", "cash": 156062000, "shortTerm": 2799000, "longTerm": null, "equityHoldings": null, "totalAssets": 3238856000, "ladder": { "within1y": 2799000, "y1to5": null, "y5to10": null, "y10plus": null, "noSingleDate": null }, "currentRatio": 1.61, "unrealizedGain": 265000, "unrealizedLoss": 119000, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }