Q4 25 EPS
$1.02
MISS 5.20%
Est. $1.08
Q4 25 Revenue
$899.8M
BEAT +0.02%
Est. $899.7M
vs S&P Since Q4 25
+4.9%
BEATING MARKET
ROAD +22.2% vs S&P +17.3%
Full Year 2025 Results
FY 25 EPS
$1.84
FY 25 Revenue
$2.81B
Market Reaction
Did ROAD Beat Earnings? Q4 2025 Results
Construction Partners (ROAD) posted a mixed fiscal fourth quarter, with robust revenue growth undercut by a profit shortfall that sent shares lower. The civil construction company reported Q4 revenue of $899.85 million, essentially in line with the $… Read more Construction Partners (ROAD) posted a mixed fiscal fourth quarter, with robust revenue growth undercut by a profit shortfall that sent shares lower. The civil construction company reported Q4 revenue of $899.85 million, essentially in line with the $899.65 million consensus and up 67.2% from the year-ago period, but earnings per share of $1.02 fell short of the $1.08 analyst estimate by 5.20%, reflecting the weight of $90.36 million in full-year interest expense tied to the aggressive acquisition strategy that helped fuel that revenue surge. Five acquisitions completed during fiscal 2025 expanded Construction Partners into Texas and Oklahoma while deepening its Sunbelt footprint, driving adjusted EBITDA margins to 15.1% from 12.1% a year earlier. A record backlog of $3.03 billion at quarter-end underscores the demand visibility management is counting on as it guides fiscal 2026 revenue of $3.40 billion to $3.50 billion, with adjusted EBITDA of $520 million to $540 million and margins of 15.3% to 15.4%.
Key Takeaways
- • Organic revenue growth of 8.4% year-over-year
- • Five strategic acquisitions expanding into Texas and Oklahoma, strengthening Tennessee and Alabama presence
- • Strong infrastructure demand and increasing need for new lane capacity throughout Sunbelt markets
- • Expanding addressable markets for roadway repair and maintenance
- • Operational excellence and increased vertical integration of materials and services
- • Adjusted EBITDA margin expanded from 12.1% to 15.1%
ROAD YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
“We delivered a strong fourth quarter that capped a year of significant growth and margin expansion, in line with the preliminary financial ranges we announced in October. Our disciplined execution across our Sunbelt operations, powered by more than 6,800 employees, continues to drive record results through safe, efficient project construction and strong market demand.”
— Fred J. Smith III, Q4 2025 Earnings Press Release
ROAD Earnings Trends
ROAD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ROAD EPS Trend
Earnings per share: estimate vs actual
ROAD Revenue Trend
Quarterly revenue: estimate vs actual
ROAD Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT Adjusted net income excludes $1.373 million in transformative acquisition expenses, net of $336 thousand tax impact | $1.01 | $1.08 | +6.75% | $999.4M | +5.34% |
| Q2 26 BEAT | $-0.03 | $0.18 | +774.16% | $769.2M | +13.37% |
| Q1 26 BEAT | $0.31 | $0.31 | +0.94% | $809.5M | +8.93% |
| Q4 25 MISS FY | $1.08 | $1.02 | -5.20% | $899.8M | +0.02% |
| FY Full Year | — | $1.84 | — | $2.81B | — |
| Q3 25 MISS | $0.82 | $0.81 | -1.42% | $779.3M | -0.55% |