Filing Flows › Construction Partners (ROAD) › Q2 FY26 › vs Q1 FY26
Construction Partners (ROAD) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Construction Partners's revenue fell $40.3M (-5%) from $809M in Q1 FY26 to $769M in Q2 FY26. Gross margin 12.9% against 15.0% (-2.2 pts).
Construction Partners, Q2 FY26: revenue $769M (+35% year over year), operating margin 4.9%, net earnings $9.2M, operating cash flow $65.2M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 12.9% | 15.0% | -2.2 pts |
| Operating margin | 4.9% | 6.2% | -1.4 pts |
| Net margin | 1.2% | 2.1% | -0.9 pts |
| Free cash flow margin | 2.5% | 5.8% | -3.4 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $769M | $809M | −$40.3M | -5% |
| Gross profit | $98.9M | $122M | −$22.6M | -19% |
| Cost of revenue | $670M | $688M | −$17.6M | -3% |
| Operating profit | $37.4M | $50.4M | −$13.0M | -26% |
| Operating expenses | $61.5M | $71.1M | −$9.6M | -14% |
| Pre-tax earnings | $12.1M | $22.8M | −$10.7M | -47% |
| Other expense, net | $25.3M | $27.6M | −$2.3M | -8% |
| Net earnings | $9.2M | $17.2M | −$8.0M | -47% |
| Income tax | $2.9M | $5.6M | −$2.7M | -48% |
| Depreciation & amortization | $44.2M | $43.0M | $1.2M | +3% |
| Share-based compensation | $7.5M | $14.9M | −$7.4M | -49% |
| Working capital & other | $4.3M | $7.5M | −$3.2M | -43% |
| Operating cash flow | $65.2M | $82.6M | −$17.4M | -21% |
| Free cash flow (OCF − capex) | $18.9M | $47.1M | −$28.1M | -60% |
| Capital expenditures | $46.3M | $35.5M | $10.8M | +30% |
Questions
How much did Construction Partners's revenue grow quarter over quarter in Q2 FY26?
Construction Partners's revenue fell $40.3M (-5%) from $809M in Q1 FY26 to $769M in Q2 FY26. Gross margin 12.9% against 15.0% (-2.2 pts).