Construction Partners, Inc.

ROAD

ROADConstruction Partners, Inc. US flag

NASDAQ Global Select

110.40

USD

-1.03

- -

6.24BMarket Cap

Income Statement (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	542	568	680	783	786	911	1,302	1,564	1,824	2,812
+ Sales & Services Revenue	542	568	680	783	786	911	1,302	1,564	1,824	2,812
- Cost of Revenue	467	477	581	665	663	791	1,162	1,367	1,566	2,373
+ Cost of Goods & Services	467	477	581	665	663	791	1,162	1,367	1,566	2,373
Gross Profit	75	91	100	118	122	120	139	196	258	439
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	40	48	55	63	69	92	108	127	148	199
+ Selling, General & Admin	40	48	55	63	69	92	108	127	148	199
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	34	43	44	55	54	28	32	70	111	240
- Non-Operating (Income) Loss	2	2	-16	- -	1	- -	3	4	19	105
+ Interest Expense, Net	5	4	1	2	3	2	8	17	19	90
+ Interest Expense	5	4	1	2	3	2	8	17	19	90
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-3	-2	-17	-2	-2	-3	-4	-13	-1	15
Pretax Income	33	41	60	56	52	29	28	65	92	135
- Income Tax Expense (Benefit)	11	15	11	14	13	8	7	16	23	33
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	22	26	51	43	40	20	21	49	69	102
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	22	26	51	43	40	20	21	49	69	102
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	22	26	51	43	40	20	21	49	69	102
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	22	26	51	43	40	20	21	49	69	102
EBIT	34	43	44	55	54	28	32	70	111	240
EBITDA	56	64	70	86	93	78	97	149	204	388
EBITDA Margin (%)	10.32	11.29	10.23	11.04	11.83	8.55	7.49	9.53	11.16	13.8
EBITA	34	43	44	55	54	28	32	70	111	240
Gross Margin (%)	13.81	16.01	14.64	15.06	15.55	13.17	10.7	12.56	14.16	15.61
Operating Margin (%)	6.35	7.59	6.5	7.05	6.82	3.08	2.44	4.47	6.07	8.53
Profit Margin (%)	4.06	4.58	7.47	5.51	5.13	2.22	1.64	3.13	3.78	3.62
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	0.62	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	22	21	25	31	39	50	66	79	93	148
Basic Weighted Avg Shares	51	51	46	51	51	52	52	52	52	55
Basic EPS, GAAP	0.43	0.51	1.11	0.84	0.78	0.39	0.41	0.95	1.33	1.85
Basic EPS from Cont Ops	0.43	0.51	1.11	0.84	0.78	0.39	0.41	0.95	1.33	1.85
Diluted Weighted Avg Shares	51	51	46	51	52	52	52	52	53	55
Diluted EPS, GAAP	0.43	0.51	1.11	0.84	0.78	0.39	0.41	0.94	1.31	1.84
Diluted EPS from Cont Ops	0.43	0.51	1.11	0.84	0.78	0.39	0.41	0.94	1.31	1.84

Balance Sheet (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	177	175	267	280	332	300	417	473	585	935
+ Cash, Cash Equivalents & STI	51	28	99	81	148	57	36	48	75	156
+ Cash & Cash Equivalents	51	28	99	81	148	57	36	48	75	156
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	110	126	137	160	140	181	294	331	377	595
+ Accounts Receivable, Net	103	121	120	140	132	158	265	304	351	550
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	7	5	17	20	8	23	29	27	26	45
+ Inventories	13	17	25	34	39	54	74	84	107	155
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	13	17	25	34	39	54	74	84	107	155
+ Other ST Assets	2	5	6	5	5	8	13	10	27	28
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	141	153	229	252	297	507	678	746	957	2,304
+ Property, Plant & Equip, Net	104	116	179	206	245	411	495	520	669	1,229
+ Property, Plant & Equip	244	264	339	384	454	662	800	878	1,096	1,756
- Accumulated Depreciation	140	148	161	178	210	251	305	358	427	526
+ LT Investments & Receivables	- -	- -	2	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	2	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	37	38	49	45	52	95	183	227	288	1,075
+ Total Intangible Assets	33	33	37	42	50	90	145	179	252	1,023
+ Goodwill	30	31	33	39	46	85	129	159	232	943
+ Other Intangible Assets	3	3	4	3	3	4	16	20	21	79
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	4	4	12	3	2	6	37	48	36	52
Total Assets	318	329	496	532	628	807	1,096	1,220	1,542	3,239
+ Payables & Accruals	54	67	78	87	85	109	147	174	216	333
+ Accounts Payable	41	52	64	70	65	86	130	151	183	284
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	13	15	15	17	20	23	16	23	33	49
+ ST Debt	15	10	15	8	15	11	15	17	36	58
+ ST Borrowings	15	10	15	8	13	10	12	15	27	38
+ ST Finance Leases	- -	- -	- -	- -	2	1	2	2	9	20
+ Other ST Liabilities	32	38	42	33	36	37	65	87	129	191
+ Deferred Revenue	27	32	39	31	34	34	52	79	120	129
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	5	5	3	2	3	4	12	9	9	61
Total Current Liabilities	100	115	135	128	136	158	226	279	380	582
+ LT Debt	46	47	48	42	85	211	375	373	518	1,631
+ LT Borrowings	46	47	48	42	79	206	363	361	487	1,574
+ LT Finance Leases	- -	- -	- -	- -	6	5	12	13	31	57
+ Other LT Liabilities	16	15	14	18	22	28	38	51	70	114
+ Accrued Liabilities	9	10	9	11	14	17	27	37	54	80
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	7	5	5	6	8	11	12	13	16	34
Total Noncurrent Liabilities	62	62	62	60	107	240	414	424	588	1,745
Total Liabilities	162	176	197	188	243	398	640	703	968	2,327
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	142	142	243	244	245	249	257	267	278	541
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	142	142	242	243	245	249	257	267	278	541
- Treasury Stock	13	12	16	16	16	16	16	16	27	51
+ Retained Earnings	27	22	73	116	156	176	197	246	315	417
+ Other Equity	- -	- -	- -	- -	- -	- -	18	19	8	4
Equity Before Minority Interest	156	152	299	344	385	409	456	517	574	912
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	156	152	299	344	385	409	456	517	574	912
Total Liabilities & Equity	318	329	496	532	628	807	1,096	1,220	1,542	3,239
Shares Outstanding	42	42	51	52	52	52	53	53	53	56
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	8	7	14	15	40	77
Net Debt	10	30	-36	-31	-56	159	340	327	439	1,456
Net Debt to Equity	6.32	19.44	-12.1	-8.91	-14.61	38.87	74.59	63.4	76.49	159.66
Tangible Common Equity Ratio	43.25	40.29	57.18	61.57	58.01	44.53	32.67	32.45	24.93	-4.99
Current Ratio	1.77	1.53	1.99	2.18	2.44	1.9	1.84	1.7	1.54	1.61
Cash Conversion Cycle	- -	48.32	41.96	40.55	46.2	45.2	45.99	50.17	49.35	43.41

Cash Flow Statement (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	22	26	51	43	40	20	21	49	69	102
+ Depreciation & Amortization	22	21	25	31	39	50	66	79	93	148
+ Non-Cash Items	7	2	-2	2	6	3	9	10	33	57
+ Stock-Based Compensation	- -	1	1	1	2	4	8	11	14	37
+ Deferred Income Taxes	8	1	- -	3	3	4	6	11	23	27
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-1	- -	-3	-2	1	-4	-5	-12	-4	-7
+ Chg in Non-Cash Work Cap	1	-2	-8	-21	20	-25	-80	19	14	-16
+ (Inc) Dec in Accts Receiv	-5	-17	6	-23	12	-42	-103	-23	-1	-67
+ (Inc) Dec in Inventories	3	-3	-3	-9	-1	-4	-18	-7	-15	-5
+ (Inc) Dec in Prepaid Assets	- -	- -	-9	1	8	-2	-5	4	-13	7
+ Inc (Dec) in Accts Payable	-6	17	3	9	-3	24	30	20	18	57
+ Inc (Dec) in Other	9	1	-5	1	4	-1	16	26	25	-9
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	52	47	66	55	105	48	16	157	209	291
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	6	5	5	4	3	4	8	55	14	18
+ Disp of Fixed Prod Assets	6	5	5	4	3	4	8	55	14	18
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-25	-24	-43	-42	-53	-56	-69	-98	-88	-138
+ Acq of Fixed Prod Assets	-25	-24	-43	-42	-53	-56	-69	-98	-88	-138
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-3	-2	95	-1	- -	- -	- -	- -	-11	-24
+ Increase in Capital Stock	- -	1	98	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-3	-3	-3	-1	- -	- -	- -	- -	-11	-24
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	-11	-52	-11	-30	-211	-129	-92	-232	-1,155
+ Cash from Divestitures	- -	- -	- -	2	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	-11	-52	-14	-30	-211	-129	-92	-232	-1,155
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	-11	- -	- -	-7	-8	-2	-5
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-19	-31	-90	-60	-79	-263	-197	-143	-308	-1,280
+ Dividends Paid	- -	-31	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	-18	-6	5	-13	42	124	159	- -	137	1,095
+ Cash From Debt	4	60	22	- -	72	219	167	103	210	1,242
+ Repayments of Debt	-22	-66	-17	-13	-30	-95	-8	-103	-73	-147
+ Other Financing Activities	- -	- -	-5	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-21	-40	95	-14	42	124	159	- -	126	1,071
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	12	-24	72	-19	68	-91	-22	14	28	82
EBITDA	56	64	70	86	93	78	97	149	204	388
EBITDA Margin (%)	10.32	11.29	10.23	11.04	11.83	8.55	7.49	9.53	11.16	13.8
Free Cash Flow	27	23	23	13	53	-8	-52	59	121	153
Net Cash Paid for Acquisitions	- -	11	52	11	30	211	129	92	232	1,155
Free Cash Flow to Firm	30	25	24	14	55	-6	-47	72	135	222
Free Cash Flow to Equity	- -	21	33	4	98	120	114	114	273	1,266
Free Cash Flow per Basic Share	0.53	0.44	0.51	0.25	1.02	-0.15	-1.01	1.15	2.34	2.79
Price/Free Cash Flow	- -	- -	5.1	8.2	5.96	16.48	15.97	7.49	12.36	16.38
Cash Flow to Net Income	2.35	1.8	1.3	1.28	2.61	2.4	0.77	3.21	3.03	2.86
Capital Expenditures	-25	-24	-43	-42	-53	-56	-69	-98	-88	-138