Construction Partners Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), Construction Partners Inc reported revenue of $2.8B (+54.2% year on year) and net income of $101.8M (+47.6% year on year).
| Line item | Sep 30, 2025 · FY | Sep 30, 2024 · FY | Sep 30, 2023 · FY | Sep 30, 2022 · FY |
|---|---|---|---|---|
| Revenues | $2.8B | $1.8B | $1.6B | $1.3B |
| Cost of revenues | $2.4B | $1.6B | $1.4B | $1.2B |
| Gross profit | $439.1M | $258.3M | $196.4M | $139.3M |
| General and administrative expenses | ($199.3M) | ($151.5M) | ($126.9M) | ($107.6M) |
| Acquisition-related expenses | ($25.9M) | — | — | — |
| Gain on sale of property, plant and equipment | $10.9M | $4.5M | $7.0M | $3.7M |
| Gain on facility exchange | $0 | $0 | $5.4M | — |
| Operating income | $224.8M | $111.2M | $81.9M | $35.4M |
| Interest expense, net | ($90.4M) | — | ($17.3M) | ($7.7M) |
| Other income (expense) | $86.0K | ($70.0K) | $875.0K | $600.0K |
| Income before provision for income taxes and earnings from investment in joint venture | $134.5M | $92.1M | $65.4M | $28.3M |
| Provision for income taxes | $32.7M | $23.2M | $16.4M | $6.9M |
| Loss from investment in joint venture | ($12.0K) | ($3.0K) | $0 | ($21.0K) |
| Net income | $101.8M | $68.9M | $49.0M | $21.4M |
| Unrealized (loss) gain on interest rate swap contract, net | ($3.2M) | ($11.9M) | $1.3M | $18.1M |
| Unrealized gain (loss) on restricted investments, net | $88.0K | $697.0K | ($223.0K) | ($448.0K) |
| Other comprehensive (loss) income, net | ($3.1M) | ($11.2M) | $1.1M | $17.6M |
| Comprehensive income | $98.6M | $57.7M | $50.1M | $39.0M |
| Basic (in dollars per share) | $1.85 | $1.33 | $0.95 | $0.41 |
| Diluted (in dollars per share) | $1.84 | $1.31 | $0.94 | $0.41 |
| Basic (in shares) | 54.9M | 51.9M | 51.8M | 51.8M |
| Diluted (in shares) | 55.4M | 52.6M | 52.3M | 52.0M |
| Line item | Jun 30, 2026 · Q3 | Mar 31, 2026 · Q2 | Dec 31, 2025 · Q1 | Jun 30, 2025 · Q3 |
|---|---|---|---|---|
| Revenues | $999.4M | $769.2M | $809.5M | $779.3M |
| Cost of revenues | $831.0M | $670.3M | $688.0M | $647.5M |
| Gross profit | $168.4M | $98.9M | $121.5M | $131.8M |
| General and administrative expenses | ($63.1M) | ($63.6M) | ($61.5M) | ($51.0M) |
| Acquisition-related expenses | ($1.8M) | ($2.5M) | ($11.6M) | ($1.8M) |
| Gain on sale of property, plant and equipment, net | $5.9M | $4.6M | $2.0M | $4.0M |
| Operating income | $109.4M | $37.4M | $50.4M | $82.9M |
| Interest expense, net | ($30.3M) | ($25.6M) | ($27.4M) | ($25.2M) |
| Other income | $44.0K | $276.0K | ($253.0K) | $246.0K |
| Income before provision for income taxes and earnings from investment in joint venture | $79.1M | $12.1M | $22.8M | $58.0M |
| Provision for income taxes | $19.6M | $2.9M | $5.6M | $13.9M |
| Loss from investment in joint venture | $0 | $0 | ($1.0K) | $0 |
| Net income | $59.6M | $9.2M | $17.2M | $44.0M |
| Unrealized (loss) on interest rate swap contract, net | ($431.0K) | $58.0K | ($1.2M) | ($2.0M) |
| Unrealized gain (loss) on restricted investments, net | ($22.0K) | ($158.0K) | $36.0K | $102.0K |
| Other comprehensive loss | ($453.0K) | ($100.0K) | ($1.2M) | ($1.9M) |
| Comprehensive income | $59.1M | $9.1M | $16.0M | $42.2M |
| Basic (in dollars per share) | $1.07 | $0.16 | $0.31 | $0.80 |
| Diluted (in dollars per share) | $1.06 | $0.16 | $0.31 | $0.79 |
| Basic (in shares) | 55.9M | 55.9M | 55.8M | 55.2M |
| Diluted (in shares) | 56.3M | 56.3M | 56.0M | 55.7M |
| Line item | Sep 30, 2025 · FY | Sep 30, 2024 · FY | Sep 30, 2023 · FY | Sep 30, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $156.1M | $74.7M | $48.2M | $35.5M |
| Restricted cash | $3.0M | $2.0M | $837.0K | $28.3K |
| Contracts receivable including retainage, net | $549.9M | $350.8M | $303.7M | $265.2M |
| Costs and estimated earnings in excess of billings on uncompleted contracts | $45.3M | $26.0M | $27.3M | $29.3M |
| Inventories | $155.1M | $106.7M | $84.0M | $74.2M |
| Prepaid expenses and other current assets | $25.5M | $24.8M | $9.3M | $13.0M |
| Total current assets | $934.8M | $585.0M | $473.4M | $417.2M |
| Property, plant and equipment, net | $1.2B | $629.9M | $505.1M | $481.4M |
| Operating lease right-of-use assets | $76.4M | $38.9M | $14.5M | $14.0M |
| Goodwill | $943.3M | $231.7M | $159.3M | $129.5M |
| Intangible assets, net | $79.2M | $20.5M | $19.5M | $16.0M |
| Investment in joint venture | $72.0K | $84.0K | $87.0K | $87.0K |
| Restricted investments | $23.2M | $18.0M | $15.1M | $6.9M |
| Other assets | $28.8M | $18.0M | $32.7M | $30.5M |
| Total assets | $3.2B | $1.5B | $1.2B | $1.1B |
| Accounts payable | $284.2M | $182.6M | $151.4M | $130.5M |
| Billings in excess of costs and estimated earnings on uncompleted contracts | $129.3M | $120.1M | $78.9M | $52.5M |
| Current portion of operating lease liabilities | $19.9M | $9.1M | $2.3M | $2.2M |
| Current maturities of long-term debt | $38.5M | $26.6M | $15.0M | $12.5M |
| Accrued expenses and other current liabilities | $110.2M | $42.2M | $31.5M | $28.5M |
| Total current liabilities | $582.0M | $380.5M | $279.2M | $226.1M |
| Long-term debt, net of current maturities and deferred debt issuance costs | $1.6B | $487.0M | $360.7M | $363.1M |
| Operating lease liabilities, net of current portion | $57.2M | $30.7M | $12.6M | $12.1M |
| Deferred income taxes, net | $80.1M | $53.9M | $37.1M | $26.7M |
| Other long-term liabilities | $34.0M | $16.5M | $13.4M | $11.7M |
| Total long-term liabilities | $1.7B | $587.9M | $423.9M | $413.5M |
| Total liabilities | $2.3B | $968.4M | $703.1M | $639.6M |
| Preferred stock, par value $0.001; 10,000,000 shares authorized at September 30, 2025 and September 30, 2024 and no shares issued and outstanding | 0 | 0 | 0 | 0 |
| Common stock, value | $59.0K | $56.0K | $56.0K | $56.0K |
| Additional paid-in capital | $541.2M | $278.1M | $267.3M | $256.6M |
| Treasury stock | ($50.6M) | ($27.1M) | ($15.8M) | ($15.6M) |
| Accumulated other comprehensive income, net | $4.4M | $7.5M | $18.7M | $17.6M |
| Retained earnings | $417.0M | $315.2M | $246.3M | $197.3M |
| Total stockholders’ equity | $912.0M | $573.7M | $516.6M | $455.9M |
| Total liabilities and stockholders’ equity | $3.2B | $1.5B | $1.2B | $1.1B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $94.5M | $76.9M | $104.1M | $114.3M |
| Restricted cash | $112.0K | $120.0K | $97.0K | $2.0M |
| Contracts receivable including retainage, net | $593.5M | $515.6M | $438.0M | $464.5M |
| Costs and estimated earnings in excess of billings on uncompleted contracts | $60.8M | $64.5M | $56.9M | $54.6M |
| Inventories | $185.3M | $176.8M | $170.0M | $148.5M |
| Prepaid expenses and other current assets | $27.0M | $28.4M | $40.0M | $25.5M |
| Total current assets | $961.3M | $862.4M | $809.1M | $809.4M |
| Property, plant and equipment, net | $1.3B | $1.3B | $1.3B | $1.1B |
| Operating lease right-of-use assets | $104.8M | $95.7M | $94.3M | $70.3M |
| Goodwill | $1.1B | $1.1B | $1.1B | $775.8M |
| Intangible assets, net | $74.4M | $76.4M | $78.4M | $81.9M |
| Investment in joint venture | $0 | $0 | $0 | $72.0K |
| Restricted investments | $10.9M | $16.1M | $21.1M | $22.0M |
| Other assets | $25.6M | $25.4M | $25.2M | $18.8M |
| Total assets | $3.6B | $3.4B | $3.4B | $2.9B |
| Accounts payable | $319.9M | $290.3M | $221.2M | $244.1M |
| Billings in excess of costs and estimated earnings on uncompleted contracts | $149.3M | $142.2M | $146.4M | $124.2M |
| Current portion of operating lease liabilities | $30.3M | $26.8M | $24.9M | $17.5M |
| Current maturities of long-term debt | $41.5M | $38.5M | $38.5M | $38.5M |
| Accrued expenses and other current liabilities | $73.0M | $66.5M | $77.2M | $127.9M |
| Total current liabilities | $614.0M | $564.3M | $508.2M | $552.2M |
| Long-term debt, net of current maturities and deferred debt issuance costs | $1.7B | $1.7B | $1.7B | $1.4B |
| Operating lease liabilities, net of current portion | $75.1M | $69.5M | $70.2M | $53.2M |
| Deferred income taxes, net | $102.3M | $83.5M | $78.9M | $53.0M |
| Other long-term liabilities | $35.2M | $31.4M | $27.4M | $21.5M |
| Total long-term liabilities | $2.0B | $1.9B | $1.9B | $1.5B |
| Total liabilities | $2.6B | $2.5B | $2.4B | $2.1B |
| Preferred stock, par value $0.001; 10,000,000 shares authorized and no shares issued and outstanding at June 30, 2026 and September 30, 2025 | 0 | 0 | 0 | 0 |
| Common stock | $60.0K | $60.0K | $60.0K | $59.0K |
| Additional paid-in capital | $615.5M | $609.5M | $604.8M | $535.3M |
| Treasury stock | ($80.4M) | ($76.6M) | ($73.1M) | ($47.9M) |
| Accumulated other comprehensive income, net | $2.6M | $3.1M | $3.2M | $5.5M |
| Retained earnings | $502.9M | $443.4M | $434.2M | $360.4M |
| Total stockholders’ equity | $1.0B | $979.4M | $969.1M | $853.3M |
| Total liabilities and stockholders’ equity | $3.6B | $3.4B | $3.4B | $2.9B |
| Line item | Sep 30, 2025 · FY | Sep 30, 2024 · FY | Sep 30, 2023 · FY | Sep 30, 2022 · FY |
|---|---|---|---|---|
| Net income | $101.8M | $68.9M | $49.0M | $21.4M |
| Depreciation, depletion, accretion and amortization | $148.3M | $92.9M | $79.1M | $65.7M |
| Amortization of deferred debt issuance costs | $3.8M | $362.0K | $299.0K | $216.0K |
| Unrealized loss on derivative instruments | $0 | $184.0K | $342.0K | ($382.0K) |
| Provision for bad debt | $478.0K | $491.0K | $456.0K | ($947.0K) |
| Gain on sale of property, plant and equipment | ($10.9M) | ($4.5M) | ($7.0M) | ($3.7M) |
| Gain on facility exchange | $0 | $0 | ($5.4M) | — |
| Realized losses on restricted investments | $84.0K | $53.0K | $30.0K | — |
| Share-based compensation expense | $37.0M | $14.4M | $10.8M | $8.0M |
| Loss from investment in joint venture | $12.0K | $3.0K | $0 | $21.0K |
| Deferred income taxes | $27.5M | $22.7M | $11.2M | $6.0M |
| Other non-cash adjustments | ($592.0K) | ($300.0K) | ($263.0K) | $40.0K |
| Contracts receivable including retainage | ($56.0M) | ($6.6M) | ($26.0M) | ($97.1M) |
| Costs and estimated earnings in excess of billings on uncompleted contracts | ($10.8M) | $5.5M | $2.6M | ($6.1M) |
| Inventories | ($5.2M) | ($15.5M) | ($7.3M) | ($17.5M) |
| Prepaid expenses and other current assets | $7.5M | ($13.0M) | $3.6M | ($4.9M) |
| Other assets | ($2.6M) | ($522.0K) | ($129.0K) | ($955.0K) |
| Accounts payable | $47.5M | $13.4M | $17.2M | $41.3M |
| Billings in excess of costs and estimated earnings on uncompleted contracts | ($5.6M) | $24.9M | $24.1M | $15.6M |
| Accrued expenses and other current liabilities | $9.6M | $4.8M | $2.3M | ($11.6M) |
| Other long-term liabilities | ($602.0K) | $804.0K | $2.2M | $1.3M |
| Net cash provided by operating activities | $291.3M | $209.1M | $157.2M | $16.5M |
| Purchases of property, plant and equipment | ($137.9M) | ($87.9M) | ($97.8M) | ($68.9M) |
| Proceeds from sale of property, plant and equipment | $17.8M | $14.1M | $17.7M | $7.5M |
| Proceeds from facility exchange | $0 | $0 | $37.0M | — |
| Business acquisitions, net of cash acquired | ($1.2B) | ($231.8M) | ($91.8M) | ($128.6M) |
| Proceeds from the sale of restricted investments | $9.9M | $3.6M | $2.9M | — |
| Purchases of restricted investments | ($14.8M) | ($5.5M) | ($11.4M) | ($7.4M) |
| Net cash used in investing activities | ($1.3B) | ($307.6M) | ($143.4M) | ($197.3M) |
| Proceeds from issuance of long-term debt, net of debt issuance costs | $1.2B | $210.2M | $103.0M | $167.3M |
| Principal payments of long-term debt | ($147.3M) | ($72.8M) | ($103.1M) | ($8.1M) |
| Purchase of treasury stock | ($23.5M) | ($11.3M) | ($139.0K) | ($39.0K) |
| Net cash provided by (used in) financing activities | $1.1B | $126.1M | ($264.0K) | $159.1M |
| Net change in cash, cash equivalents and restricted cash | $82.3M | $27.6M | $13.5M | ($21.7M) |
| Beginning of year | $76.7M | $49.1M | $35.6M | $57.3M |
| End of year | $159.0M | $76.7M | $49.1M | $35.6M |
| Cash paid for interest | $80.6M | $21.7M | $19.2M | $9.3M |
| Cash paid for income taxes | $5.5M | $5.4M | $1.0M | $1.4M |
| Cash paid for operating lease liabilities | $17.4M | $6.9M | $3.0M | $2.4M |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $48.6M | $29.1M | $3.1M | $9.6M |
| Property, plant and equipment financed with accounts payable | $6.5M | $7.2M | $2.5M | $2.6M |
| Amounts (receivable) payable to sellers in business combinations | $57.5M | ($153.0K) | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · YTD | Dec 31, 2025 · Q1 | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $85.9M | $26.4M | $17.2M | $45.2M |
| Depreciation, depletion, accretion and amortization | $135.3M | $91.3M | $45.0M | $107.7M |
| Amortization of deferred debt issuance costs | $2.0M | $1.3M | $667.0K | $3.4M |
| Provision for bad debt | $556.0K | $282.0K | $141.0K | $260.0K |
| Gain on sale of property, plant and equipment | ($12.6M) | ($6.6M) | ($2.0M) | ($8.4M) |
| Realized loss on sales, calls and maturities of restricted investments | $18.0K | ($12.0K) | $9.0K | $81.0K |
| Share-based compensation expense | $31.2M | $22.4M | $14.9M | $26.9M |
| Distribution of earnings from investment in joint venture | $71.0K | $71.0K | $71.0K | — |
| Loss from investment in joint venture | $1.0K | $1.0K | $1.0K | $12.0K |
| Deferred income tax expense (benefit) | $22.7M | $3.8M | ($789.0K) | ($300.0K) |
| Other non-cash adjustments | ($617.0K) | ($495.0K) | ($74.0K) | ($665.0K) |
| Contracts receivable including retainage | ($13.9M) | $58.8M | $127.0M | $6.2M |
| Costs and estimated earnings in excess of billings on uncompleted contracts | ($11.3M) | ($16.1M) | ($10.7M) | ($22.6M) |
| Inventories | ($18.3M) | ($9.8M) | ($3.3M) | ($4.9M) |
| Prepaid expenses and other current assets | ($1.9M) | ($1.4M) | ($14.1M) | $5.4M |
| Other assets | $1.5M | $2.1M | $2.1M | ($3.1M) |
| Accounts payable | $16.0M | ($11.1M) | ($74.9M) | $16.0M |
| Billings in excess of costs and estimated earnings on uncompleted contracts | $8.5M | $1.7M | $6.9M | ($9.5M) |
| Accrued expenses and other current liabilities | ($578.0K) | ($9.1M) | ($18.7M) | $18.6M |
| Other long-term liabilities | ($3.8M) | ($5.7M) | ($6.8M) | ($967.0K) |
| Net cash provided by operating activities, net of business acquisitions | $240.9M | $147.8M | $82.6M | $179.3M |
| Purchases of property, plant and equipment | ($144.2M) | ($81.7M) | ($35.5M) | ($104.9M) |
| Proceeds from sale of property, plant and equipment | $24.4M | $13.5M | $5.5M | $11.3M |
| Proceeds from sales, calls and maturities of restricted investments | $16.0M | $9.4M | $3.7M | $8.4M |
| Business acquisitions, net of cash acquired | ($337.4M) | ($275.9M) | ($215.1M) | ($935.7M) |
| Purchase of restricted investments | ($3.8M) | ($2.4M) | ($1.5M) | ($12.2M) |
| Net cash used in investing activities | ($445.0M) | ($337.1M) | ($242.9M) | ($1.0B) |
| Proceeds from revolving credit facility | $263.5M | $185.0M | $140.0M | $218.4M |
| Proceeds from issuance of long-term debt, net of debt issuance costs | $294.9M | $0 | $0 | $833.5M |
| Settlement of stock awards | ($2.5M) | ($2.5M) | ($2.5M) | — |
| Repayments of long-term debt | ($386.4M) | ($49.3M) | ($9.6M) | ($137.7M) |
| Purchase of treasury stock | ($29.8M) | ($26.0M) | ($22.4M) | ($20.8M) |
| Net cash provided by financing activities | $139.8M | $107.3M | $105.5M | $893.4M |
| Net change in cash, cash equivalents and restricted cash | ($64.4M) | ($82.0M) | ($54.8M) | $39.6M |
| Cash, cash equivalents and restricted cash, beginning of period | $159.0M | $159.0M | $159.0M | $76.7M |
| Cash, cash equivalents and restricted cash, end of period | $94.7M | $77.0M | $104.2M | $116.3M |
| Cash paid for interest | $80.2M | $51.3M | $26.4M | $58.2M |
| Cash paid for income taxes | $5.2M | $4.0M | — | $3.6M |
| Cash paid for operating lease liabilities | $23.3M | $14.7M | $6.8M | $11.7M |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $47.2M | $30.9M | $21.7M | $17.6M |
| Property, plant and equipment financed with accounts payable | $9.8M | $9.7M | $12.2M | $5.7M |
| Amounts payable to sellers in business combinations, net | $673.0K | — | $3.6M | $64.9M |
Construction Partners Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.