ROAD Stock Analysis: Construction | NASDAQ
Engineering & Construction | NASDAQ, USA | Market Cap: 4.694m USD | 12M Return: -28.3% | US21044C1071 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 57.6M
EPS Trend: 98.4%
Qual. Beats: 0
Rev. Trend: 98.4%
Qual. Beats: 3
Warnings
Tailwinds
No distinct edge detected
Seasonality 8.4 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Construction Partners, Inc. (NASDAQ: ROAD) is a civil infrastructure company that constructs and maintains roadways across eight southeastern and south-central U.S. states: Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. The company serves both public and private infrastructure projects, including highways, roads, bridges, airports, and commercial and residential developments.
The company operates a vertically integrated business model that includes site development (utility and drainage installation), aggregate mining (sand, gravel, and construction stone), and the manufacturing and distribution of hot mix asphalt (HMA) and liquid asphalt cement-both for internal use and third-party sales. This vertical integration is a common structural feature among large U.S. roadbuilders, allowing them to control input costs and supply reliability. The company was incorporated in 2007, was formerly known as SunTx CPI Growth Company, Inc., and adopted its current name in September 2017. It is headquartered in Dothan, Alabama, and has been publicly traded since its May 2018 IPO.
- IIJA federal funding accelerates Sun Belt highway project awards
- Acquisition roll-up strategy expands footprint across southern states
- HMA margins face pressure from liquid asphalt cost inflation
| Net Income: 142.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.36 > 1.0 |
| NWC/Revenue: 9.98% < 20% (prev 10.50%; Δ -0.51% < -1%) |
| CFO/TA 0.10 > 3% & CFO 352.8m > Net Income 142.5m |
| Net Debt (1.90b) to EBITDA (422.2m): 4.51 < 3 |
| Current Ratio: 1.57 > 1.5 & < 3 |
| Outstanding Shares: last quarter (56.3m) vs 12m ago 1.11% < -2% |
| Gross Margin: 15.80% > 18% (prev 14.85%; Δ 0.95% > 0.5%) |
| Asset Turnover: 106.4% > 50% (prev 83.76%; Δ 22.63% > 0%) |
| Interest Coverage Ratio: 2.27 > 6 (EBIT TTM 246.4m / Interest Expense TTM 108.6m) |
| A: 0.10 (Total Current Assets 961.3m - Total Current Liabilities 614.0m) / Total Assets 3.61b |
| B: 0.14 (Retained Earnings 502.9m / Total Assets 3.61b) |
| C: 0.08 (EBIT TTM 246.4m / Avg Total Assets 3.27b) |
| D: 0.40 (Book Value of Equity 1.04b / Total Liabilities 2.57b) |
| Altman-Z'' = 2.02 = BBB |
| DSRI: 0.89 (Receivables 654.3m/519.1m, Revenue 3.48b/2.45b) |
| GMI: 0.94 (GM 14.85% / 15.80%) |
| AQI: 1.22 (AQ_t 0.38 / AQ_t-1 0.31) |
| SGI: 1.42 (Revenue 3.48b / 2.45b) |
| TATA: -0.06 (NI 142.5m - CFO 352.8m) / TA 3.61b) |
| Beneish M = -2.75 (Cap -4..+1) = A |
As of October 21, 2026, the stock is trading at USD 84.38 with a total of 637,155 shares traded. Over the past week, the price has changed by -2.26%, over one month by -10.67%, over three months by -17.64% and over the past year by -28.32%.
Current recommended Stop Loss: 79.20 (which is 6.1% or 1.3 ATR below the current price).
Construction has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy ROAD.
- StrongBuy: 5
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 138.1 | 63.7% |
P/E Trailing = 32.4353
P/E Forward = 24.5098
P/S = 1.3497
P/B = 5.1006
P/EG = 1.5675
Revenue TTM = 3.48b USD
EBIT TTM = 246.4m USD
EBITDA TTM = 422.2m USD
Long Term Debt = 1.74b USD (from longTermDebt, last quarter)
Short Term Debt = 71.8m USD (from shortTermDebt, last quarter)
Debt = 2.00b USD (from shortLongTermDebtTotal, last quarter) + Leases 105.4m
Net Debt = 1.90b USD (calculated: Debt 2.00b - CCE 94.5m)
Enterprise Value = 6.60b USD (4.69b + Debt 2.00b - CCE 94.5m)
Interest Coverage Ratio = 2.27 (Ebit TTM 246.4m / Interest Expense TTM 108.6m)
EV/FCF = 37.58x (Enterprise Value 6.60b / FCF TTM 175.6m)
FCF Yield = 2.66% (FCF TTM 175.6m / Enterprise Value 6.60b)
FCF Margin = 5.05% (FCF TTM 175.6m / Revenue TTM 3.48b)
Net Margin = 4.10% (Net Income TTM 142.5m / Revenue TTM 3.48b)
Gross Margin = 15.80% ((Revenue TTM 3.48b - Cost of Revenue TTM 2.93b) / Revenue TTM)
Gross Margin QoQ = 16.85% (prev 13.03%)
Tobins Q-Ratio = 1.83 (Enterprise Value 6.60b / Total Assets 3.61b)
Interest Expense / Debt = 5.44% (Interest Expense 108.6m / Debt 2.00b)
Taxrate = 24.57% (46.4m / 188.9m)
NOPAT = 185.9m (EBIT 246.4m * (1 - 24.57%))
Current Ratio = 1.57 (Total Current Assets 961.3m / Total Current Liabilities 614.0m)
Debt / Equity = 1.92 (Debt 2.00b / totalStockholderEquity, last quarter 1.04b)
Debt / EBITDA = 4.51 (Net Debt 1.90b / EBITDA 422.2m)
Debt / FCF = 10.84 (Net Debt 1.90b / FCF TTM 175.6m)
Total Stockholder Equity = 975.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.36% (Net Income 142.5m / Total Assets 3.61b)
RoE = 14.61% (Net Income TTM 142.5m / Total Stockholder Equity 975.3m)
RoCE = 9.06% (EBIT 246.4m / Capital Employed (Equity 975.3m + L.T.Debt 1.74b))
RoIC = 6.25% (NOPAT 185.9m / Invested Capital 2.98b)
WACC = 8.54% (E(4.69b)/V(6.69b) * Re(10.43%) + D(2.00b)/V(6.69b) * Rd(5.44%) * (1-Tc(0.25)))
Discount Rate = 10.43% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 92.67 | Cagr: 3.62%
[DCF] Terminal Value 77.33% ; FCFF base≈166.5m ; Y1≈190.6m ; Y5≈279.9m
[DCF] Fair Price = 45.08 (EV 4.08b - Net Debt 1.90b = Equity 2.17b / Shares 48.2m; r=8.54% [WACC]; 5y FCF grow 14.89% → 2.50% )
EPS Correlation: 98.36 | EPS CAGR: 48.05% | SUE: 0.20 | # QB: 0
Revenue Correlation: 98.44 | Revenue CAGR: 37.32% | SUE: 1.43 | # QB: 3
EPS current Quarter (2026-12-31): EPS=0.54 | Chg30d=-3.90% | Revisions=-25% | Analysts=5
EPS current Year (2026-09-30): EPS=3.05 | Chg30d=-1.93% | Revisions=-40% | GrowthEPS=+38.4% | GrowthRev=+30.5%
EPS next Year (2027-09-30): EPS=3.77 | Chg30d=-3.05% | Revisions=-40% | GrowthEPS=+23.6% | GrowthRev=+11.8%
[Analyst] Revisions Ratio: -62% (up=0, down=5)