Construction Partners
Builds Sunbelt road infrastructure through paving crews and vertically integrated asphalt assets.
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Profile
Builds roadways, bridges, runways, and site infrastructure across the Sunbelt, earning from construction contracts and third-party sales of hot-mix asphalt, aggregates, and liquid asphalt cement. Vertically integrated local operations serve mostly publicly funded projects and expand through acquisitions.
Builds and maintains roads, highways, bridges, airport runways, and commercial and residential sites across eight Sunbelt states. Its vertically integrated platform manufactures hot-mix asphalt, mines aggregates, distributes liquid asphalt cement, and performs paving, base-layer, drainage, utility, and site-development work for public agencies and private customers.
Pairs local bidding and project execution with strategically placed materials assets; plant proximity affects project awards because hot-mix asphalt is costly to transport. Expansion comes through acquisitions that add crews, plants, and market density; the network is reported as one operating segment.
Relies mainly on publicly funded work, especially state transportation departments, while private developers supply the rest. Results depend on government infrastructure budgets, fixed-price and unit-price bid discipline, bonding capacity, acquisition integration, weather, and the availability and cost of asphalt, aggregates, fuel, and skilled labor.
Company facts
Key statistics
Year to date −1.9% · Average volume (30d) 1.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Robert W. Baird | Target | $145 | $141 | ||
| Jul 15, 2026 | Raymond James | Reiterate | Strong Buy | $140 | $150 | |
| Jul 1, 2026 | Robert W. Baird | Target | $169 | $145 | ||
| Jun 3, 2026 | Truist Financial | Target | $130 | |||
| May 11, 2026 | Robert W. Baird | Target | $142 | $169 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 7, 2026Q3 FY26 | $1.01 | $1.08 | +6.9% | $948.8M | $999.4M | +5.3% | +19.55% |
| May 8, 2026Q2 FY26 | −$0.05 | $0.18 | +460.0% | $678.5M | $769.2M | +13.4% | −3.58% |
| Feb 5, 2026Q1 FY26 | $0.31 | $0.47 | +51.6% | $743.1M | $809.5M | +8.9% | −0.47% |
| Nov 20, 2025Q4 FY25 | $1.09 | $1.07 | −1.8% | $896.1M | $899.8M | +0.4% | +0.73% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $571.7M | $779.3M | $899.8M | $809.5M | $769.2M | $999.4M | |
| Gross profit | $71.4M | $131.8M | $159.4M | $121.5M | $100.2M | $168.4M | |
| Operating income | $24.7M | $80.8M | $102.0M | $60.0M | $36.6M | $109.4M | |
| Net income | $4.2M | $44.0M | $56.6M | $17.2M | $9.2M | $59.6M | |
| Diluted EPS | $0.08 | $0.79 | $1.01 | $0.31 | $0.16 | $1.06 | |
| Gross margin | 12.5% | 16.9% | 17.7% | 15.0% | 13.0% | 16.8% | |
| Operating margin | 4.3% | 10.4% | 11.3% | 7.4% | 4.8% | 10.9% |
Fiscal years (4-quarter sums)FY21 $910.7M · FY22 $1.30B · FY23 $1.56B · FY24 $1.82B · FY25 $2.81B
Balance sheet, Jun 30, 2026Cash & short-term investments $94.5M · Total debt $1.89B · Total assets $3.61B · Shareholders' equity $1.04B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 56.51M · Float 47.37M · 83.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 7.15M | 12.64% | 13F | Aug 13, 2026 |
| SunTx Capital II Management Corp. | 5.92M | 11.00% | 13G | Nov 14, 2025 |
| BlackRock, Inc. | 3.88M | 6.86% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 2.01M | 3.55% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 1.97M | 3.48% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 9, 2025 | Ned N. III Fleming | director, 10 percent owner: | +2,000 |
Peers
- Granite Construction
Integrated civil contractor with asphalt and aggregates overlap
- CRH
Large integrated materials and road-solutions rival
- Vulcan Materials
Aggregates leader with asphalt and paving overlap
- Knife River
Aggregates-led asphalt and contracting peer
- Martin Marietta
Aggregates-heavy materials peer with asphalt exposure
- Sterling Infrastructure
Transportation and site-development infrastructure peer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Construction Partners | $110.10 | +0.10% | $6.22B | 43.3 | 30.3 | 1.8 | +28.3% |
| Granite Construction | $122.52 | −0.02% | $5.36B | — | 17.5 | 1.1 | +29.3% |
| CRH | $95.86 | −0.03% | $64.05B | 15.1 | 22.7 | 1.1 | +5.6% |
| Vulcan Materials | $274.03 | −0.20% | $35.57B | 32.4 | 27.8 | 4.4 | +2.5% |
| Knife River | $64.37 | +0.16% | $3.65B | 26.2 | 20.4 | 1.1 | +12.6% |
| Martin Marietta | $530.45 | −0.09% | $31.90B | 13.0 | 26.9 | 4.8 | +7.5% |
| Sterling Infrastructure | $472.30 | +0.40% | $14.44B | 33.9 | 21.2 | 4.2 | +90.1% |
| Median | 26.2 | 21.9 | 2.7 | +10.0% |