ROAD on Nasdaq

Construction Partners, Inc.

We are a civil infrastructure company that specializes in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas.2

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Last updated Oct 19, 2026.

Overview

$2.8BRevenue, fiscal 20253
$101.8MNet income, fiscal 20253

Compare with STERLING INFRASTRUCTURE, INC., Granite Construction or KBR, Inc., or pick any stock.

  • TickerROAD on Nasdaq2
  • IndustryHeavy Construction Other Than Bldg Const - Contractors2
  • HeadquartersDover, United States2
  • Incorporated inDE4
  • Business address290 Healthwest Dr., Suite 2, Dothan, Al 363034
  • Filer categoryLarge accelerated filer4
  • Legal formCorporation2
  • LEI549300MHLFL4E8JLZU442
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address108 LAKELAND AVE., 19901 Dover, United States2
  • Registered withDivision of Corporations, Department of State, 43408242

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We are a civil infrastructure company that specializes in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. Through our wholly owned subsidiaries, we provide a variety of products and services to both public and private infrastructure projects, with an emphasis on highways, roads, bridges, airports, and commercial and residential developments. Consistent with our vertical integration strategy, our primary operations consist of (i) manufacturing and distributing hot mix asphalt (“HMA”) for both internal use and sales to third parties in connection with construction projects, (ii) paving activities, including the construction of roadway base layers and application of asphalt pavement, (iii) site development, including the installation of utility and drainage systems, (iv) mining aggregates, such as …5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

15.6%Gross margin3
8.0%Operating margin3
3.6%Net margin3
54.2%Revenue growth, 20253
11.2%Return on equity3
1.73×Debt to equity3
$153.4MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue84¢$2.4B
  • Other costs11¢$304.6M
  • Income tax1¢$32.7M
  • Profit4¢$101.8M

Out of $2.8B in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending47¢$137.9M
  • Share buybacks8¢$23.5M
  • Kept or used elsewhere45¢$129.8M

Out of $291.3M of cash from operations.3

Financial statements

Revenue6789103$2.8B in 2025+314% since 2018
0$1.0B$2.0B$3.0B2018: $680.1M$680.1M20182019: $783.2M$783.2M2019+15%2020: $785.7M$785.7M2020+0%2021: $910.7M$910.7M2021+16%2022: $1.3B$1.3B2022+43%2023: $1.6B$1.6B2023+20%2024: $1.8B$1.8B2024+17%2025: $2.8B$2.8B2025+54%
Gross profit6789103$439.1M in 2025+341% since 2018
0$200.0M$400.0M$600.0M2018: $99.5M$99.5M20182019: $118.0M$118.0M2019+19%2020: $122.2M$122.2M2020+4%2021: $119.9M$119.9M2021−2%2022: $139.3M$139.3M2022+16%2023: $196.4M$196.4M2023+41%2024: $258.3M$258.3M2024+32%2025: $439.1M$439.1M2025+70%
Operating income6789103$224.8M in 2025+266% since 2018
0$100.0M$200.0M$300.0M2018: $61.4M$61.4M20182019: $57.1M$57.1M2019−7%2020: $55.2M$55.2M2020−3%2021: $30.1M$30.1M2021−45%2022: $35.4M$35.4M2022+18%2023: $81.9M$81.9M2023+131%2024: $111.2M$111.2M2024+36%2025: $224.8M$224.8M2025+102%
Net income6789103$101.8M in 2025+100% since 2018
0$50.0M$100.0M$150.0M2018: $50.8M$50.8M20182019: $43.1M$43.1M2019−15%2020: $40.3M$40.3M2020−7%2021: $20.2M$20.2M2021−50%2022: $21.4M$21.4M2022+6%2023: $49.0M$49.0M2023+129%2024: $68.9M$68.9M2024+41%2025: $101.8M$101.8M2025+48%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-09-302024-09-302023-09-30
Revenues$2.8B$1.8B$1.6B
Cost of revenues$2.4B$1.6B$1.4B
Gross profit$439.1M$258.3M$196.4M
General and administrative expenses-$199.3M-$147.6M-$126.5M
Acquisition-related expenses-$25.9M-$3.9M-$442.0K
Gain on sale of property, plant and equipment$10.9M$4.5M$7.0M
Gain on facility exchange$0$0$5.4M
Operating income$224.8M$111.2M$81.9M
Interest expense, net-$90.4M-$19.1M-$17.3M
Other income (expense)$86.0K-$70.0K$875.0K
Income before provision for income taxes and earnings from investment in joint venture$134.5M$92.1M$65.4M
Provision for income taxes$32.7M$23.2M$16.4M
Loss from investment in joint venture-$12.0K-$3.0K$0
Net income$101.8M$68.9M$49.0M
Unrealized (loss) gain on interest rate swap contract, net-$3.2M-$11.9M$1.3M
Unrealized gain (loss) on restricted investments, net$88.0K$697.0K-$223.0K
Other comprehensive (loss) income, net-$3.1M-$11.2M$1.1M
Comprehensive income$98.6M$57.7M$50.1M
Basic (in dollars per share)$1.85$1.33$0.95
Diluted (in dollars per share)$1.84$1.31$0.94
Basic (in shares)54.9M shares51.9M shares51.8M shares
Diluted (in shares)55.4M shares52.6M shares52.3M shares

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Leadership

Who has led Construction Partners, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Charles E. Owens2020

President

  1. Charles E. Owens2020

Chief financial officer

  1. Royce Alan Palmer2018–2022
  2. Gregory A. Hoffman2024–now
20202025
Board members and other officers (17)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • President, Chief Executive Officer and DirectorFred J. (Jule) Smith, III named Nov 4, 202432
  • Senior Vice President, LegalJ. Ryan K. Brooks named Nov 4, 202432
  • Senior Vice PresidentJohn L. Harper named Nov 4, 202432
  • Senior Vice PresidentM. Brett K. Armstrong named Nov 4, 202432

Timeline

  1. May 12, 2020New chief executive Charles E. Owens becomes CEO16
  2. Apr 25, 2007Founded Construction Partners, Inc. is founded2

Filings

367 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 74 major events, 198 insider forms, 42 large holders, 1 private raises, 32 other. The latest 20:

  1. Oct 13, 20264 EDGAR
  2. Oct 13, 20264 EDGAR
  3. Oct 13, 20264 EDGAR
  4. Oct 6, 20264 EDGAR
  5. Oct 6, 20264 EDGAR
  6. Oct 6, 20264 EDGAR
  7. Oct 6, 20264 EDGAR
  8. Oct 6, 20264 EDGAR
  9. Oct 5, 20268-K EDGAR
  10. Sep 21, 20268-K EDGAR
  11. Aug 31, 20264 EDGAR
  12. Aug 31, 20268-K EDGAR
  13. Aug 10, 20264 EDGAR
  14. Aug 10, 20264 EDGAR
  15. Aug 10, 20264 EDGAR
  16. Aug 10, 20264 EDGAR
  17. Aug 10, 20264 EDGAR
  18. Aug 10, 20268-K EDGAR
  19. Aug 7, 202610-Q EDGAR
  20. Aug 7, 20268-K EDGAR

The 367 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

41 open-market trades by officers, directors and large owners since October 2021: 4 buys and 37 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 14, 2025Smith Fred Julius IIIPresident and CEOBuy9,333$73.83$689.1KForm 4
Apr 14, 2025Flowers Robert P.Senior Vice PresidentSale3,333$73.83$246.1KForm 4
Apr 14, 2025Fleming Ned N. IVSenior VP - Strategy & Bus DevBuy9,333$73.83$689.1KForm 4
Apr 14, 2025Harper John LSenior Vice PresidentSale6,000$73.83$443.0KForm 4
Dec 20, 2024Andrews Todd KeithChief Accounting OfficerSale5,489$91.84$504.1KForm 4
Dec 16, 2024Andrews Todd KeithChief Accounting OfficerSale2,511$95.86$240.7KForm 4
Dec 13, 2024Harper John LSenior Vice PresidentSale6,000$94.41$566.5KForm 4
Dec 11, 2024Owens Charles EDirectorSale16,203$98.22$1.6MForm 4
Dec 10, 2024Owens Charles EDirectorSale1,761$99.14$174.6KForm 4
Dec 9, 2024Owens Charles EDirectorSale9,717$100.69$978.4KForm 4
Dec 9, 2024SUNTX CAPITAL PARTNERS II LPDirectorSale12,731$99.78$1.3MForm 4
Dec 6, 2024Owens Charles EDirectorSale49,695$100.81$5.0MForm 4
Dec 5, 2024Owens Charles EDirectorSale23,418$100.12$2.3MForm 4
Dec 4, 2024Owens Charles EDirectorSale46,596$101.33$4.7MForm 4
Nov 25, 2024Flowers Robert P.Senior Vice PresidentSale25,000$101.28$2.5MForm 4
Aug 23, 2024Matteson Mark RDirectorSale94,592$63.40$6.0MForm 4
Aug 22, 2024Matteson Mark RDirectorSale25,408$61.97$1.6MForm 4
Jun 18, 2024Shaffer Stefan LDirectorSale2,500$58.41$146.0KForm 4
Jun 14, 2024Flowers Robert P.Senior Vice PresidentSale1,510$56.51$85.3KForm 4
May 20, 2024Skelly Noreen EDirectorSale2,500$56.40$141.0KForm 4

All 41 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Oct 20, 2024Raised $238.9 million in a private offering of equity Form D: 7 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC7,145,671$848.7M0.0%+27,102
BlackRock, Inc.3,878,562$460.7M0.0%+105,254
Vanguard Capital Management LLC2,005,206$238.2M0.0%+15,533
Vanguard Portfolio Management LLC1,966,436$233.6M0.0%+53,834
Kayne Anderson Rudnick Investment Management LLC1,525,495$181.2M0.6%−145,626
Conestoga Capital Advisors, LLC1,358,962$161.4M3.5%−295,140
Geode Capital Management, LLC1,280,636$152.1M0.0%+71,274
Geneva Capital Management LLC1,243,976$147.7M3.4%−317,075
First Trust Advisors LP1,221,338$145.1M0.1%+190,960
State Street Corp1,174,019$139.4M0.0%+80,131
Nomura Asset Management International Inc.1,154,207$137.1M0.2%−230,766
Goldman Sachs Group Inc1,062,342$126.2M0.0%+264,106
Wasatch Advisors LP1,008,474$119.8M0.8%+172,034
Capital World Investors988,838$117.4M0.0%+132,142
Clearbridge Investments, LLC912,417$108.4M0.1%+69,750
Allspring Global Investments Holdings, LLC876,775$95.7M0.1%−90,575
Dimensional Fund Advisors LP717,522$85.2M0.0%+130,045
Invesco Ltd.681,616$81.0M0.0%−340,474
Bank Of America Corp /de/671,232$79.7M0.0%+72,078
Bank of New York Mellon Corp658,818$78.2M0.0%+79,061
Driehaus Capital Management LLC641,417$76.2M0.4%−153,047
Ameriprise Financial Inc613,346$72.8M0.0%−91,737
Norges Bank557,389$66.2M0.0%New
American Century Companies Inc513,559$61.0M0.0%−33,834
Loomis Sayles & Co L P505,741$60.1M0.1%−36,101

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 8, 2023Mark R. WarnerDemocratic, SenateSale$250,001 - $500,000−73.1%Report
Jan 31, 2022Mark R. WarnerDemocratic, SenateSale$100,001 - $250,000−145.5%Report
Oct 14, 2021Mark R. WarnerDemocratic, SenateSale$50,001 - $100,000−65.0%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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