Filing Flows › Construction Partners (ROAD) › Q1 FY26
Construction Partners (ROAD) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 9, 2026
Construction Partners (ROAD) reported revenue of $809M for the first quarter fiscal 2026 (Q1 FY26), +44% from a year earlier and -10% from the quarter before. Operating margin was 6.2%, net earnings $17.2M (2.1% of revenue).
Construction Partners, Q1 FY26: revenue $809M (+44% year over year), operating margin 6.2%, net earnings $17.2M, operating cash flow $82.6M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $809M | -10% | +44% |
| Gross profit | $122M | -24% | +59% |
| Operating profit | $50.4M | -50% | +265% |
| Net earnings | $17.2M | -70% | — |
| Operating cash flow | $82.6M | -26% | +103% |
| Free cash flow | $47.1M | -40% | +241% |
What changed
Revenue was $809.5M in Q1 FY26, up 44% year over year and down 10% from the previous quarter.
Gross margin was 15.0%, up 1.4 points from a year earlier. Operating profit was $50.4M, a 6.2% margin (up 3.8 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, above the 2% margin then. Operating expenses grew 13% against revenue growth of 44%. The fastest-growing cost line was General & admin (+39%). Net earnings were $17.2M. The effective tax rate was 24.5%.
Operating cash flow was $82.6M (up 103% year over year), 480% of net earnings. Non-cash charges added back $43.0M of depreciation and $14.9M of share-based compensation. Working capital and other items added $7.5M. Capital expenditures of $35.5M left free cash flow of $47.1M.
Questions
What was Construction Partners' revenue in the first quarter fiscal 2026?
Construction Partners (ROAD) reported revenue of $809M for the first quarter fiscal 2026 (Q1 FY26), +44% from a year earlier and -10% from the quarter before.
Was Construction Partners profitable in the first quarter fiscal 2026?
Operating profit was $50.4M (6.2% of revenue) and net earnings $17.2M.