# Construction Partners, Inc.: overview

ROAD · Nasdaq · CIK 1718227 · [Industrials](/sectors/industrials.md) · fiscal year ends Sep 30

Pages: [Overview](/companies/road.md) · [Financials](/companies/road/financials.md) · [Filings](/companies/road/filings.md) · [Insiders](/companies/road/insiders.md)

Latest reported revenue: [$999.4m](/filings/0001628280-26-054661.md) for Q3 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 7, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-054661).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-09-30) | Q1 FY2025 (2024-12-31) | Q2 FY2025 (2025-03-31) | Q3 FY2025 (2025-06-30) | Q4 FY2025 (2025-09-30) | Q1 FY2026 (2025-12-31) | Q2 FY2026 (2026-03-31) | Q3 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [538 d](/filings/0001628280-25-053871.md) | [562](/filings/0001628280-26-006228.md) | [572](/filings/0001628280-26-032643.md) | [779](/filings/0001628280-26-054661.md) | [900 d](/filings/0001628280-25-053871.md) | [809](/filings/0001628280-26-006228.md) | [769](/filings/0001628280-26-032643.md) | [999](/filings/0001628280-26-054661.md) |
| Gross margin | % | [15.6% d](/filings/0001628280-25-053871.md) | [13.6%](/filings/0001628280-26-006228.md) | [12.5%](/filings/0001628280-26-032643.md) | [16.9%](/filings/0001628280-26-054661.md) | [17.7% d](/filings/0001628280-25-053871.md) | [15.0%](/filings/0001628280-26-006228.md) | [12.9%](/filings/0001628280-26-032643.md) | [16.8%](/filings/0001628280-26-054661.md) |
| Operating margin | % | [8.5% d](/filings/0001628280-25-053871.md) | [2.5%](/filings/0001628280-26-006228.md) | [4.8%](/filings/0001628280-26-032643.md) | [10.6%](/filings/0001628280-26-054661.md) | [11.2% d](/filings/0001628280-25-053871.md) | [6.2%](/filings/0001628280-26-006228.md) | [4.9%](/filings/0001628280-26-032643.md) | [10.9%](/filings/0001628280-26-054661.md) |
| Net margin | % | [5.4% d](/filings/0001628280-25-053871.md) | [(0.5%)](/filings/0001628280-26-054661.md) | [0.7%](/filings/0001628280-26-054661.md) | [5.7%](/filings/0001628280-26-054661.md) | [6.3% d](/filings/0001628280-25-053871.md) | [2.1%](/filings/0001628280-26-054661.md) | [1.2%](/filings/0001628280-26-054661.md) | [6.0%](/filings/0001628280-26-054661.md) |
| Diluted EPS | $ per share | not reported | [(0.06)](/filings/0001628280-26-006228.md) | [0.08](/filings/0001628280-26-032643.md) | [0.79](/filings/0001628280-26-054661.md) | not reported | [0.31](/filings/0001628280-26-006228.md) | [0.16](/filings/0001628280-26-032643.md) | [1.06](/filings/0001628280-26-054661.md) |
| Free cash flow | $m | [78.4 d](/filings/0001628280-25-053871.md) | [13.8](/filings/0001628280-26-006228.md) | [14.2 d](/filings/0001628280-26-032643.md) | [46.4 d](/filings/0001628280-26-054661.md) | [78.9 d](/filings/0001628280-25-053871.md) | [47.1](/filings/0001628280-26-006228.md) | [18.9 d](/filings/0001628280-26-032643.md) | [30.6 d](/filings/0001628280-26-054661.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-09-30) | FY2022 (2022-09-30) | FY2023 (2023-09-30) | FY2024 (2024-09-30) | FY2025 (2025-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [911](/filings/0001718227-23-000081.md) | [1,302](/filings/0001718227-24-000102.md) | [1,564](/filings/0001628280-25-053871.md) | [1,824](/filings/0001628280-25-053871.md) | [2,812](/filings/0001628280-25-053871.md) |
| Gross margin | % | [13.2%](/filings/0001718227-23-000081.md) | [10.7%](/filings/0001718227-24-000102.md) | [12.6%](/filings/0001628280-25-053871.md) | [14.2%](/filings/0001628280-25-053871.md) | [15.6%](/filings/0001628280-25-053871.md) |
| Operating margin | % | [3.3%](/filings/0001718227-23-000081.md) | [2.7%](/filings/0001718227-24-000102.md) | [5.2%](/filings/0001628280-25-053871.md) | [6.1%](/filings/0001628280-25-053871.md) | [8.0%](/filings/0001628280-25-053871.md) |
| Net margin | % | [2.2%](/filings/0001718227-23-000081.md) | [1.6%](/filings/0001718227-24-000102.md) | [3.1%](/filings/0001628280-25-053871.md) | [3.8%](/filings/0001628280-25-053871.md) | [3.6%](/filings/0001628280-25-053871.md) |
| Diluted EPS | $ per share | [0.39](/filings/0001718227-23-000081.md) | [0.41](/filings/0001718227-24-000102.md) | [0.94](/filings/0001628280-25-053871.md) | [1.31](/filings/0001628280-25-053871.md) | [1.84](/filings/0001628280-25-053871.md) |
| Free cash flow | $m | [(7.8)](/filings/0001718227-23-000081.md) | [(52.4)](/filings/0001718227-24-000102.md) | [59.3](/filings/0001628280-25-053871.md) | [121](/filings/0001628280-25-053871.md) | [153](/filings/0001628280-25-053871.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/road/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $848.7m | 7,145,671 |  | Added +27,102 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $460.7m | 3,878,562 |  | Added +105,254 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $238.2m | 2,005,206 |  | Added +15,533 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $233.6m | 1,966,436 |  | Added +53,834 |
| [KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC](/funds/1021223.md) | 2026-06-30 | $181.2m | 1,525,495 |  | Reduced −145,626 |
| [Conestoga Capital Advisors, LLC](/funds/1163744.md) | 2026-06-30 | $161.4m | 1,358,962 |  | Reduced −295,140 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $152.1m | 1,280,636 |  | Added +71,274 |
| [GENEVA CAPITAL MANAGEMENT LLC](/funds/1009232.md) | 2026-06-30 | $147.7m | 1,243,976 |  | Reduced −317,075 |
| [FIRST TRUST ADVISORS LP](/funds/1125816.md) | 2026-06-30 | $145.1m | 1,221,338 |  | Added +190,960 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $139.4m | 1,174,019 |  | Added +80,131 |

## Recent filings

[All 587 filings](/companies/road/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-19 | 16:16 ET | [8-K](/filings/0001628280-26-066283.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-066283 |
| 2026-10-05 | 09:16 ET | [8-K](/filings/0001628280-26-064770.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-064770 |
| 2026-09-21 | 16:59 ET | [8-K](/filings/0001628280-26-062927.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-062927 |
| 2026-08-31 | 09:05 ET | [8-K](/filings/0001628280-26-059479.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-059479 |
| 2026-08-10 | 16:34 ET | [8-K](/filings/0001628280-26-055282.md) | 3.01 Delisting notice; 3.02 Unregistered sale of equity; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-055282 |
| 2026-08-07 | 11:09 ET | [10-Q](/filings/0001628280-26-054661.md) | Quarterly report, period 2026-06-30 | 0001628280-26-054661 |
| 2026-08-07 | 08:04 ET | [8-K](/filings/0001628280-26-054592.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-054592 |
| 2026-07-13 | 16:20 ET | [8-K](/filings/0001628280-26-048026.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-048026 |
| 2026-06-18 | 16:22 ET | [8-K](/filings/0001628280-26-044342.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation | 0001628280-26-044342 |
| 2026-06-08 | 08:02 ET | [8-K](/filings/0001628280-26-041390.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation | 0001628280-26-041390 |

## Latest annual report

[Form 10-K for the fiscal year ended Sep 30, 2025](/filings/0001628280-25-053871.md), filed Nov 25, 2025.

## Forecast league

Q4 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/d65ca74a-1d92-4a24-aa80-c00961f640f7)

## About the filer

- CIK: 1718227
- Tickers: ROAD
- Exchange: Nasdaq
- SIC code: 1600 Heavy Construction Other Than Bldg Const - Contractors
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 13:39 ET. No prices; not investment advice.
