Construction Partners, Inc.

Worth knowing

• Stock pay outran buybacks. Stock-based pay expense $62M vs $35M spent repurchasing shares over the 3 fiscal years to FY Sep 2025.

  Over three fiscal years Construction Partners recorded $62M of stock-based pay expense and spent $35M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Construction Partners recorded $62M of stock-based pay expense and spent $35M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

• Profits growing faster than sales. Since FY Sep 2022: revenue +116%, operating profit +535%.

  Since FY Sep 2022, Construction Partners's revenue grew 116% while operating profit grew 535%: each extra dollar of sales is adding more profit.

• Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $786M in FY Sep 2020 to $2.8B in FY Sep 2025.

  Construction Partners's fiscal-year revenue rose in each of the five years to FY Sep 2025, from $786M to $2.8B.

• Profit is backed by cash. Free cash flow is 123% of reported profit.

  Construction Partners's free cash flow is 123% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.