Financial Snapshot

Revenue
$1.824B
TTM
Gross Margin
13.82%
TTM
Net Earnings
$68.94M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
153.77%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$573.7M
Q3 2024
Cash
Q3 2024
P/E
81.99
Nov 29, 2024 EST
Free Cash Flow
$121.1M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $1.824B $1.564B $1.302B $910.7M $785.7M $783.2M $680.1M $568.2M $542.3M
YoY Change 16.65% 20.12% 42.93% 15.92% 0.31% 15.17% 19.69% 4.78%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $1.824B $1.564B $1.302B $910.7M $785.7M $783.2M $680.1M $568.2M $542.3M
Cost Of Revenue $1.566B $1.367B $1.162B $790.8M $663.5M $665.3M $580.6M $477.2M $467.5M
Gross Profit $258.3M $196.4M $139.3M $119.9M $122.2M $118.0M $99.54M $90.97M $74.90M
Gross Profit Margin 14.16% 12.56% 10.7% 13.17% 15.55% 15.06% 14.64% 16.01% 13.81%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin $151.5M $126.6M $106.8M $90.58M $68.60M $62.70M $55.30M $47.90M $40.40M
YoY Change 19.67% 18.58% 17.87% 32.04% 9.41% 13.38% 15.45% 18.56%
% of Gross Profit 58.66% 64.47% 76.64% 75.52% 56.13% 53.16% 55.56% 52.65% 53.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $92.60M $80.00M $65.73M $49.81M $39.30M $31.23M $25.32M $21.07M $21.50M
YoY Change 15.75% 21.71% 31.97% 26.73% 25.84% 23.34% 20.16% -1.99%
% of Gross Profit 35.86% 40.74% 47.19% 41.53% 32.16% 26.48% 25.44% 23.16% 28.7%
Operating Expenses $151.5M $126.6M $106.8M $90.58M $68.50M $62.70M $55.30M $47.90M $40.40M
YoY Change 19.67% 18.58% 17.87% 32.23% 9.25% 13.38% 15.45% 18.56%
Operating Profit $111.2M $81.88M $35.41M $30.10M $55.23M $57.14M $61.43M $46.59M $34.50M
YoY Change 35.87% 131.2% 17.65% -45.5% -3.34% -6.98% 31.86% 35.03%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense -$19.07M -$17.30M -$7.701M $1.300M -$3.100M -$1.900M -$1.300M -$4.000M -$4.700M
YoY Change 10.24% 124.65% -692.38% -141.94% 63.16% 46.15% -67.5% -14.89%
% of Operating Profit -17.14% -21.13% -21.75% 4.32% -5.61% -3.33% -2.12% -8.59% -13.62%
Other Income/Expense, Net -$70.00K $875.0K $600.0K $819.0K $336.0K $416.0K $101.0K -$200.0K -$200.0K
YoY Change -108.0% 45.83% -26.74% 143.75% -19.23% 311.88% -150.5% 0.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income $92.10M $65.40M $28.31M $28.52M $52.45M $55.69M $60.06M $40.78M $32.60M
YoY Change 40.82% 131.01% -0.72% -45.64% -5.82% -7.27% 47.26% 25.1%
Income Tax $23.16M $16.40M $6.915M $8.349M $12.76M $13.91M $10.53M $14.74M $10.50M
% Of Pretax Income 25.15% 25.08% 24.42% 29.28% 24.33% 24.97% 17.53% 36.15% 32.21%
Net Earnings $68.94M $49.00M $21.38M $20.18M $40.30M $43.12M $50.79M $26.04M $22.00M
YoY Change 40.68% 129.23% 5.94% -49.93% -6.55% -15.1% 95.05% 18.36%
Net Earnings / Revenue 3.78% 3.13% 1.64% 2.22% 5.13% 5.51% 7.47% 4.58% 4.06%
Basic Earnings Per Share $1.33 $0.95 $0.41 $0.39 $0.78 $0.84 $1.11 $0.63
Diluted Earnings Per Share $1.31 $0.94 $0.41 $0.39 $0.78 $0.84 $1.11 $0.63 $433.9K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments $48.20M $35.53M $57.25M $148.3M $80.60M $99.10M $27.50M $51.10M
YoY Change 35.66% -37.94% -61.4% 84.0% -18.67% 260.36% -46.18%
Cash & Equivalents $48.20M $35.53M $57.25M
Short-Term Investments
Other Short-Term Assets $10.20M $12.99M $7.790M $5.000M $5.400M $6.300M $4.500M $2.300M
YoY Change -21.45% 66.69% 55.8% -7.41% -14.29% 40.0% 95.65%
Inventory $84.00M $74.20M $53.79M $38.60M $34.30M $24.60M $17.50M $13.20M
Prepaid Expenses
Receivables $277.7M $250.2M $153.6M $118.6M $132.1M $112.8M $125.6M $110.3M
Other Receivables $53.30M $44.25M $27.64M $21.00M $27.50M $24.70M $0.00 $0.00
Total Short-Term Assets $473.4M $417.2M $300.0M $331.6M $280.0M $267.5M $175.1M $176.9M
YoY Change 13.47% 39.05% -9.52% 18.43% 4.67% 52.77% -1.02%
Property, Plant & Equipment $519.6M $495.4M $411.4M $244.6M $205.9M $178.7M $115.9M $104.3M
YoY Change 4.89% 20.43% 68.18% 18.8% 15.22% 54.18% 11.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $15.20M $6.953M $108.0K $200.0K $500.0K $1.700M
YoY Change 118.61% 6337.96% -46.0% -60.0% -70.59%
Other Assets $31.80M $29.42M $4.167M $500.0K $1.300M $2.100M $4.400M $4.200M
YoY Change 8.09% 606.02% 733.4% -61.54% -38.1% -52.27% 4.76%
Total Long-Term Assets $746.3M $678.3M $506.6M $296.5M $251.8M $228.8M $153.5M $141.4M
YoY Change 10.02% 33.9% 70.86% 17.75% 10.05% 49.06% 8.56%
Total Assets $1.220B $1.096B $806.6M $628.1M $531.8M $496.3M $328.6M $318.3M
YoY Change
Accounts Payable $151.4M $130.5M $86.39M $64.70M $70.40M $63.50M $52.40M $40.80M
YoY Change 16.04% 51.02% 33.52% -8.1% 10.87% 21.18% 28.43%
Accrued Expenses $25.30M $18.27M $24.14M $21.80M $16.90M $14.60M $14.60M $12.80M
YoY Change 38.48% -24.32% 10.74% 28.99% 15.75% 0.0% 14.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.00M $12.50M $10.00M $13.00M $7.500M $14.80M $10.00M $14.90M
YoY Change 20.0% 25.0% -23.08% 73.33% -49.32% 48.0% -32.89%
Total Short-Term Liabilities $279.2M $226.1M $158.0M $135.8M $128.2M $134.5M $114.5M $100.0M
YoY Change 23.46% 43.16% 16.32% 5.93% -4.68% 17.47% 14.5%
Long-Term Debt $360.7M $363.1M $206.2M $79.10M $42.50M $48.10M $47.10M $46.10M
YoY Change -0.65% 76.1% 160.65% 86.12% -11.64% 2.12% 2.17%
Other Long-Term Liabilities $26.00M $23.73M $16.22M $14.00M $6.100M $5.300M $5.000M $6.900M
YoY Change 9.59% 46.26% 15.86% 129.51% 15.09% 6.0% -27.54%
Total Long-Term Liabilities $386.7M $386.8M $222.4M $93.10M $48.60M $53.40M $52.10M $53.00M
YoY Change -0.02% 73.92% 138.88% 91.56% -8.99% 2.5% -1.7%
Total Liabilities $703.1M $639.6M $397.7M $242.9M $188.2M $196.8M $176.4M $162.0M
YoY Change 9.92% 60.83% 63.74% 29.06% -4.37% 11.56% 8.89%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $5.652 Billion

About Construction Partners, Inc.

Construction Partners, Inc. is a civil infrastructure company, which engages in the construction and maintenance of roadways and highways. The company is headquartered in Dothan, Alabama and currently employs 1,146 full-time employees. The company went IPO on 2018-05-04. The company provides a range of products and services for both public and private infrastructure projects, which focuses on highways, roads, bridges, airports and commercial and residential developments. Its primary operations consist of manufacturing and distributing hot mix asphalt (HMA) for both internal use and sales to third parties in connection with construction projects; paving activities, including the construction of roadway base layers and application of asphalt pavement; site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel and construction stone, that are used as raw materials in the production of HMA and for sales to third parties; and distributing liquid asphalt cement for both internal use and sales to third parties in connection with HMA production. The company also focuses on HMA plant and related crews and equipment.

Industry: Heavy Construction Other Than Bldg Const - Contractors Peers: APi Group Corp Arcosa, Inc. DYCOM INDUSTRIES INC GRANITE CONSTRUCTION INC Infrastructure & Energy Alternatives, Inc. MYR GROUP INC. STERLING INFRASTRUCTURE, INC. NV5 Global, Inc. QUANTA SERVICES, INC. Primoris Services Corp