Construction Partners, Inc. (ROAD) Key Metrics
ROAD valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $4.69B
- Enterprise value
- $7.11B
- P/E (TTM)
- 32.4 10-yr median 46.1
- Forward P/E
- 24.5
- PEG ratio
- 1.57
- Price / sales
- 1.3 10-yr median 1.2
- Price / book
- 5.1 10-yr median 3.3
- EV / EBITDA
- 15.0 10-yr median 15.0
- Dividend yield
- —
- Beta
- 0.93
ROAD key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsROAD valuation Price multiples at each fiscal year-end price.
ROAD returns How much profit the business earns on the capital it uses.
ROAD per-share figures Results divided by the shares outstanding at year-end.
ROAD financial health Debt, liquidity and how easily interest is covered.
ROAD efficiency & capital use Working capital cycle and where the cash goes.
ROAD valuation history
ROAD returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ROAD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ROAD cash returned to shareholders
ROAD price vs earnings per share
ROAD key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $7.03B | $3.67B | $1.91B | $1.36B | $1.73B | $939.8M | $801.2M | $555.6M | — | — |
| Enterprise value | $8.57B | $4.15B | $2.25B | $1.72B | $1.89B | $891.1M | $770.6M | $519.4M | — | — |
| P/E ratio | 69.1 | 53.2 | 39.0 | 63.8 | 85.6 | 23.3 | 18.6 | 10.9 | — | — |
| Price / sales | 2.5 | 2.0 | 1.2 | 1.0 | 1.9 | 1.2 | 1.0 | 0.8 | — | — |
| Price / book | 7.7 | 6.4 | 3.7 | 3.0 | 4.2 | 2.4 | 2.3 | 1.9 | — | — |
| Price / free cash flow | 45.9 | 30.3 | 32.2 | — | — | 17.9 | 62.6 | 23.8 | — | — |
| Price / operating cash flow | 24.1 | 17.6 | 12.2 | 82.6 | 35.6 | 8.9 | 14.5 | 8.4 | — | — |
| EV / sales | 3.0 | 2.3 | 1.4 | 1.3 | 2.1 | 1.1 | 1.0 | 0.8 | — | — |
| EV / EBITDA | 23.0 | 19.3 | 13.2 | 16.7 | 23.5 | 9.4 | 8.7 | 6.0 | — | — |
| EV / free cash flow | 55.8 | 34.2 | 38.0 | — | — | 16.9 | 60.2 | 22.3 | — | — |
| Earnings yield | 1.4% | 1.9% | 2.6% | 1.6% | 1.2% | 4.3% | 5.4% | 9.1% | — | — |
| Free cash flow yield | 2.2% | 3.3% | 3.1% | −3.8% | −0.5% | 5.6% | 1.6% | 4.2% | — | — |
| Dividend yield | — | — | — | — | — | — | 1.7% | 3.9% | — | — |
| Shareholder yield (dividends + buybacks) | 0.3% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 1.8% | 4.4% | — | — |
| Share price at fiscal year-end | $127.00 | $69.80 | $36.56 | $26.23 | $33.37 | $18.20 | $15.58 | $12.10 | — | — |
| Per share | ||||||||||
| Revenue per share | $50.79 | $34.69 | $29.92 | $25.05 | $17.59 | $15.22 | $15.23 | $14.81 | $11.18 | $10.67 |
| Earnings per share | $1.84 | $1.31 | $0.94 | $0.41 | $0.39 | $0.78 | $0.84 | $1.11 | $0.51 | $0.43 |
| Operating cash flow per share | $5.26 | $3.98 | $3.01 | $0.32 | $0.94 | $2.04 | $1.07 | $1.44 | $0.92 | $1.02 |
| Free cash flow per share | $2.77 | $2.30 | $1.14 | −$1.01 | −$0.15 | $1.02 | $0.25 | $0.51 | $0.44 | $0.53 |
| Cash per share | $2.82 | $1.42 | $0.92 | $0.68 | $1.11 | $2.87 | $1.57 | $2.16 | $0.54 | $1.01 |
| Book value per share | $16.47 | $10.91 | $9.88 | $8.77 | $7.90 | $7.46 | $6.68 | $6.52 | $2.99 | $3.08 |
| Tangible book value per share | −$2.00 | $6.12 | $6.46 | $5.97 | $6.17 | $6.50 | $5.86 | $5.72 | $2.34 | $2.43 |
| Dividends per share | — | — | — | — | — | — | $0.26 | $0.48 | $0.62 | $0.00 |
| Capex per share | $2.49 | $1.67 | $1.87 | $1.33 | $1.09 | $1.02 | $0.83 | $0.93 | $0.48 | $0.49 |
| Debt per share | $30.51 | $10.52 | $7.48 | $7.50 | $4.30 | $1.93 | $0.97 | $1.37 | $1.12 | $1.20 |
| Shares outstanding | 55.4M | 52.6M | 52.3M | 52.0M | 51.8M | 51.6M | 51.4M | 45.9M | 50.8M | 50.8M |
| Change in shares outstanding | +5.3% | +0.6% | +0.6% | +0.4% | +0.3% | +0.4% | +12.0% | −9.6% | 0.0% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 13.7% | 12.6% | 10.1% | 4.9% | 5.1% | 11.1% | 13.4% | 22.5% | 16.9% | 14.1% |
| Return on invested capital (ROIC) | 10.4% | 8.5% | 6.5% | 3.3% | 4.7% | 12.6% | 14.5% | 16.5% | 15.8% | 14.0% |
| Return on assets (ROA) | 4.3% | 5.0% | 4.2% | 2.2% | 2.8% | 6.9% | 8.4% | 12.3% | 8.1% | 6.9% |
| Return on tangible assets | 4.6% | 5.3% | 4.7% | 2.2% | 2.8% | 7.0% | 8.8% | 11.0% | 8.8% | 7.7% |
| Free cash flow margin | 5.5% | 6.6% | 3.8% | −4.0% | −0.9% | 6.7% | 1.6% | 3.4% | 4.0% | 4.9% |
| Income quality (OCF / net income) | 2.86 | 3.03 | 3.21 | 0.77 | 2.40 | 2.61 | 1.28 | 1.30 | 1.80 | 2.35 |
| Financial health | ||||||||||
| Total debt | $1.69B | $553.2M | $390.7M | $389.8M | $222.9M | $99.7M | $50.0M | $62.9M | $57.1M | $61.0M |
| Cash & short-term investments | $156.1M | $74.7M | $48.2M | $35.5M | $57.3M | $148.3M | $80.6M | $99.1M | $27.5M | $51.1M |
| Net debt | $1.53B | $478.6M | $342.5M | $354.3M | $165.6M | −$48.7M | −$30.6M | −$36.2M | $29.6M | $9.9M |
| Debt / equity | 1.85 | 0.96 | 0.76 | 0.86 | 0.55 | 0.26 | 0.15 | 0.21 | 0.38 | 0.39 |
| Debt / assets | 0.52 | 0.36 | 0.32 | 0.36 | 0.28 | 0.16 | 0.09 | 0.13 | 0.17 | 0.19 |
| Net debt / EBITDA | 4.11 | 2.23 | 2.01 | 3.45 | 2.05 | −0.51 | −0.34 | −0.42 | 0.45 | 0.17 |
| Current ratio | 1.61 | 1.54 | 1.70 | 1.84 | 1.90 | 2.44 | 2.18 | 1.99 | 1.53 | 1.77 |
| Quick ratio | 1.34 | 1.26 | 1.39 | 1.52 | 1.56 | 2.16 | 1.92 | 1.81 | 1.38 | 1.64 |
| Interest coverage | 2.7 | 3.7 | 2.8 | 3.5 | 12.7 | 17.3 | 29.8 | 35.0 | 10.9 | 7.4 |
| Working capital | $352.8M | $204.6M | $194.2M | $191.1M | $142.1M | $195.7M | $151.8M | $132.9M | $60.6M | $76.9M |
| Invested capital | $2.45B | $1.05B | $859.1M | $810.2M | $574.5M | $336.5M | $312.9M | $263.2M | $181.8M | $166.2M |
| Tangible asset value | −$110.6M | $321.5M | $337.8M | $310.4M | $319.3M | $335.6M | $301.6M | $262.8M | $119.0M | $123.5M |
| Net current asset value | −$1.39B | −$383.4M | −$229.7M | −$222.5M | −$97.7M | $88.6M | $91.7M | $70.6M | −$1.2M | $14.9M |
| Graham number | $26.10 | $17.94 | $14.44 | $9.01 | $8.32 | $11.44 | $11.23 | $12.74 | $5.88 | $5.48 |
| Graham net-net per share | −$29.74 | −$10.61 | −$6.98 | −$6.66 | −$3.43 | $0.57 | $0.57 | $0.39 | −$0.90 | −$0.43 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | $13.6M | $21.9M | $31.3M | $0 |
| Share buybacks (net) | $23.5M | $11.3M | $139,000 | $39,000 | $39,000 | $0 | $569,000 | $2.6M | $3.0M | $3.0M |
| Dividend payout ratio | — | — | — | — | — | — | 31.5% | 43.2% | 120.2% | 0.0% |
| Dividends + buybacks / free cash flow | 15.3% | 9.3% | 0.2% | — | — | 0.0% | 110.5% | 105.0% | 152.2% | 11.2% |
| Capex / revenue | 4.9% | 4.8% | 6.3% | 5.3% | 6.2% | 6.7% | 5.4% | 6.3% | 4.3% | 4.6% |
| Capex / operating cash flow | 47.3% | 42.1% | 62.2% | 417.3% | 116.1% | 50.0% | 76.9% | 64.7% | 52.0% | 48.1% |
| Capex / depreciation | 0.93 | 0.95 | 1.24 | 1.05 | 1.13 | 1.34 | 1.36 | 1.69 | 1.16 | 1.15 |
| Stock-based compensation / revenue | 1.3% | 0.8% | 0.7% | 0.6% | 0.4% | 0.2% | 0.1% | 0.1% | 0.1% | 0.0% |
| SG&A / revenue | 7.1% | 8.2% | 8.1% | 8.2% | 9.4% | 8.7% | 8.0% | 8.1% | 8.4% | 7.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 63.1 | 70.8 | 73.0 | 66.7 | 64.3 | 69.5 | 69.2 | 70.6 | 75.7 | 74.2 |
| Days of inventory on hand | 20.1 | 22.2 | 21.2 | 20.1 | 21.2 | 20.0 | 16.1 | 13.2 | 11.8 | 10.3 |
| Days payables outstanding | 35.9 | 38.9 | 37.7 | 34.0 | 34.7 | 37.2 | 36.7 | 36.4 | 35.6 | 31.8 |
| Cash conversion cycle (days) | 47.3 | 54.1 | 56.5 | 52.8 | 50.8 | 52.4 | 48.6 | 47.4 | 51.9 | 52.7 |
| Receivables turnover | 5.79 | 5.15 | 5.00 | 5.47 | 5.68 | 5.25 | 5.27 | 5.17 | 4.82 | 4.92 |
| Payables turnover | 10.17 | 9.37 | 9.68 | 10.74 | 10.51 | 9.82 | 9.93 | 10.02 | 10.25 | 11.47 |
| Inventory turnover | 18.13 | 16.41 | 17.25 | 18.20 | 17.19 | 18.21 | 22.61 | 27.62 | 31.06 | 35.29 |
| Asset turnover | 1.18 | 1.32 | 1.35 | 1.37 | 1.27 | 1.35 | 1.52 | 1.65 | 1.76 | 1.70 |
| Average receivables | $486.0M | $353.9M | $312.7M | $237.8M | $160.4M | $149.6M | $148.6M | $131.5M | $117.9M | $110.3M |
| Average payables | $233.4M | $167.0M | $140.9M | $108.4M | $75.6M | $67.6M | $67.0M | $58.0M | $46.6M | $40.8M |
| Average inventory | $130.9M | $95.4M | $79.1M | $64.0M | $46.2M | $36.4M | $29.4M | $21.0M | $15.4M | $13.2M |
| Intangibles / total assets | 31.6% | 16.4% | 14.7% | 13.3% | 11.1% | 7.9% | 7.9% | 7.4% | 10.1% | 10.3% |
Computed from ROAD's annual financial statements (latest annual report filed November 25, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ROAD valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Construction Partners traded at 69.1 times earnings, against a 10-year median of 46.1. Based on the latest twelve months, the trailing P/E is 32.4 and the forward P/E is 24.5. Construction Partners earned a return on equity of 13.7% and a return on invested capital of 10.4% in fiscal 2025. It ended the year with $1.7 billion of debt and $156.1 million in cash and short-term investments, net debt of $1.5 billion. It returned $23.5 million to shareholders: $0 in dividends and $23.5 million in share buybacks, 15% of free cash flow. The share count rose 9.0% from 50.8M to 55.4M over 9 years.
See the ROAD income statement, the ROAD chart for price history, or the ROAD stock overview for the latest quote and news.
ROAD key metrics FAQ
What is Construction Partners's P/E ratio?
Construction Partners's trailing P/E ratio is 32.4 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 24.5. At the end of fiscal 2025 it was 69.1, compared with a 10-year median of 46.1.
What is Construction Partners's EV/EBITDA?
Construction Partners's enterprise value was 23.0 times EBITDA at the end of fiscal 2025 (enterprise value $8.6 billion, EBITDA $373.2 million); the current EV/EBITDA is 15.0.
What is Construction Partners's return on equity?
Construction Partners's return on equity (ROE) was 13.7% in fiscal 2025: net income of $101.8 million on average shareholders' equity of $742.9 million.
What is Construction Partners's ROIC?
Construction Partners's return on invested capital was 10.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Construction Partners have?
Construction Partners had total debt of $1.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.85 and $1.5 billion of net debt (4.11 times EBITDA).
Does Construction Partners buy back its shares?
Yes. Construction Partners spent $23.5 million on net share repurchases in fiscal 2025 Shares outstanding changed +5.3% over the year, to 55.4M..
What is Construction Partners's free cash flow yield?
Construction Partners generated $153.4 million of free cash flow in fiscal 2025, a free cash flow yield of 2.2% on its market value at year-end ($7.0 billion).
What is Construction Partners's current ratio?
Construction Partners's current ratio was 1.61 at the end of fiscal 2025: current assets were 1.61 times current liabilities.