ROAD
Construction Partners, Inc.
ROAD's fundamentals are strong and it looks cheap: trading at 32x earnings, about half its usual 59x. Analysts expect strong earnings growth.
ROAD Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Under pressure |
ROAD's revenue, profitability and cash flow are currently healthy, but its balance sheet is under pressure.
ROAD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $81.02 | — |
| Current | 32x | $81.02 | — |
| Cheap | 35x | $88.40 | +9.1% |
| Fair | 58x | $149 | +84% |
| Expensive | 79x | $202 | +150% |
Historical ranges are pointers, not guarantees.
ROAD's PE is in its cheap range at 32x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
ROAD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for ROAD, with profitability holding steady.
ROAD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.28 | +28% |
| Q2 2026 | $2.56 | +88% |
| Q1 2026 | $2.29 | +97% |
| Q4 2025 | $2.21 | +108% |
| Q3 2025 | $1.84 | +40% |
| Q2 2025 | $1.36 | 0% |
| Q1 2025 | $1.16 | -1.7% |
| Q4 2024 | $1.06 | -2.8% |
| Q3 2024 | $1.31 | +39% |
ROAD earned $2.56 per share over the past year, up 88% from the year before.
ROAD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $999.4M | +28% |
| Q1 2026 | $769.2M | +35% |
| Q4 2025 | $809.5M | +44% |
| Q3 2025 | $899.8M | +67% |
| Q2 2025 | $779.3M | +50% |
| Q1 2025 | $571.7M | +54% |
| Q4 2024 | $561.6M | +42% |
| Q3 2024 | $538.2M | +13% |
ROAD's revenue has grown year over year for 23 quarters in a row: $999M last quarter, up 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 11% | +0.3 points |
| Q1 2026 | 4.9% | +0.1 points |
| Q4 2025 | 6.2% | +3.8 points |
| Q3 2025 | 11% | +2.7 points |
| Q2 2025 | 11% | +1.8 points |
| Q1 2025 | 4.8% | +3.9 points |
| Q4 2024 | 2.5% | -1.8 points |
| Q3 2024 | 8.5% | -0.9 points |
ROAD's operating margin was 11% last quarter, about level with the same quarter a year ago, near the top of its range since 2019.
ROAD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $30.6M | -34% |
| Q1 2026 | $18.9M | +33% |
| Q4 2025 | $47.1M | +241% |
| Q3 2025 | $78.9M | +0.7% |
| Q2 2025 | $46.4M | +135% |
| Q1 2025 | $14.2M | +$24.8M |
| Q4 2024 | $13.8M | -59% |
| Q3 2024 | $78.4M | +79% |
ROAD generated $176M in free cash flow over the past year, up 15% from the year before.
ROAD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +13.4K shares |
| 1 year | +1.1% | +615K shares |
| 3 years | +7.6% | +4M shares |
| 5 years | +8.5% | +4.4M shares |
| Available history | +9.4% | +4.8M shares |
ROAD has 56M diluted shares, up 1.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $3.8M |
| Q1 2026 | $3.5M |
| Q4 2025 | $22.4M |
| Q4 2024 | $12.1M |
| Q4 2023 | $1.3M |
| Q4 2022 | $139,000 |
| Q4 2021 | $39,000 |
ROAD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.6x | Elevated |
| Q1 2026 | 3.8x | Elevated |
| Q4 2025 | 3.9x | Elevated |
| Q3 2025 | 4.0x | Elevated |
| Q2 2025 | 4.4x | High |
| Q1 2025 | 5.1x | High |
| Q4 2024 | 5.2x | High |
| Q3 2024 | 2.2x | Moderate |
ROAD's net debt is about 3.6 years of its operating earnings (EBITDA), down from 4.4 years a year ago.
ROAD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.7 | Neutral |
| Stochastic | 14.2 | Oversold |
ROAD's weekly RSI is 38 (neutral) and its Stochastic is 14 (oversold).
ROAD PE vs Industrials Sector
| Metric | ROAD | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 24x | 32% above |
| PE % | 14 | 58 | 44 pts below |
ROAD is trading at 32x earnings, a 32% premium to the Industrials sector's median of 24x.
ROAD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $85.7 | 5.4% below |
| 20 week MA | $98.1 | 17% below |
| 50 week MA | $109.8 | 26% below |
| 100 week MA | $104.4 | 22% below |
| 200 week MA | $75.9 | 6.8% above |
ROAD has fallen below most of its moving averages, though it's still 6.8% above its 200-week average.
ROAD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.0 | $27.6 | +63% |
| 2021 | $27.6 | $29.3 | +6.2% |
| 2022 | $29.3 | $26.9 | -8.4% |
| 2023 | $26.9 | $43.5 | +62% |
| 2024 | $43.5 | $89.9 | +106% |
| 2025 | $89.9 | $113.1 | +26% |
| 2026 YTD | $113.1 | $81.0 | -28% |
ROAD has finished higher in five of the last six years, three of them by more than 50%. It's down 28% so far in 2026.