Filing Flows › Construction Partners (ROAD) › Q3 FY25
Construction Partners (ROAD) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 7, 2025
Construction Partners (ROAD) reported revenue of $779M for the third quarter fiscal 2025 (Q3 FY25), +50% from a year earlier and +36% from the quarter before. Operating margin was 10.6%, net earnings $44.0M (5.7% of revenue).
Construction Partners, Q3 FY25: revenue $779M (+50% year over year), operating margin 10.6%, net earnings $44.0M, operating cash flow $83.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $779M | +36% | +50% |
| Gross profit | $132M | +85% | +58% |
| Operating profit | $82.9M | +204% | +82% |
| Net earnings | $44.0M | +945% | +43% |
| Operating cash flow | $83.0M | +49% | +140% |
| Free cash flow | $46.4M | +226% | +135% |
What changed
Revenue was $779.3M in Q3 FY25, up 50% year over year and up 36% from the previous quarter.
Gross margin was 16.9%, up 0.8 points from a year earlier. Operating profit was $82.9M, a 10.6% margin (up 1.8 points year over year). Of the extra revenue versus a year earlier, 14% reached operating profit, above the 9% margin then. Operating expenses grew 29% against revenue growth of 50%. Net earnings were $44.0M, up 43% year over year. The effective tax rate was 24.0%.
Operating cash flow was $83.0M (up 140% year over year), 188% of net earnings. Non-cash charges added back $38.2M of depreciation and amortization and $9.1M of share-based compensation. Working capital and other items used $8.3M. Capital expenditures of $36.7M left free cash flow of $46.4M.
Questions
What was Construction Partners' revenue in the third quarter fiscal 2025?
Construction Partners (ROAD) reported revenue of $779M for the third quarter fiscal 2025 (Q3 FY25), +50% from a year earlier and +36% from the quarter before.
Was Construction Partners profitable in the third quarter fiscal 2025?
Operating profit was $82.9M (10.6% of revenue) and net earnings $44.0M.