Filing Flows › Construction Partners (ROAD) › Q4 FY25
Construction Partners (ROAD) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 25, 2025
Construction Partners (ROAD) reported revenue of $900M for the fourth quarter fiscal 2025 (Q4 FY25), +67% from a year earlier and +15% from the quarter before. Operating margin was 11.2%, net earnings $56.6M (6.3% of revenue).
Construction Partners, Q4 FY25: revenue $900M (+67% year over year), operating margin 11.2%, net earnings $56.6M, operating cash flow $112M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $900M | +15% | +67% |
| Gross profit | $159M | +21% | +90% |
| Operating profit | $101M | +21% | +120% |
| Net earnings | $56.6M | +28% | +93% |
| Operating cash flow | $112M | +35% | +17% |
| Free cash flow | $78.9M | +70% | +0.7% |
What changed
Revenue was $899.8M in Q4 FY25, up 67% year over year and up 15% from the previous quarter.
Gross margin was 17.7%, up 2.1 points from Q4 FY24. Operating profit was $100.8M, a 11.2% margin (up 2.7 points year over year). Of the extra revenue versus Q4 FY24, 15% reached operating profit, above the 9% margin then. Operating expenses grew 53% against revenue growth of 67%. The fastest-growing cost line was Other operating costs (+880%). Net earnings were $56.6M, up 93% year over year. The effective tax rate was 24.5%.
Operating cash flow was $112.0M (up 17% year over year), 198% of net earnings. Non-cash charges added back $39.3M of depreciation and amortization and $9.0M of share-based compensation. Working capital and other items added $7.1M. Capital expenditures of $33.0M left free cash flow of $78.9M.
Questions
What was Construction Partners' revenue in the fourth quarter fiscal 2025?
Construction Partners (ROAD) reported revenue of $900M for the fourth quarter fiscal 2025 (Q4 FY25), +67% from a year earlier and +15% from the quarter before.
Was Construction Partners profitable in the fourth quarter fiscal 2025?
Operating profit was $101M (11.2% of revenue) and net earnings $56.6M.