Arcosa, Inc. (ACA) FY2025 10-K Annual Report
Arcosa, Inc. (ACA) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Arcosa, Inc. FY2025 10-K Analysis
Business Overview
- • Core business: Infrastructure-related products and solutions serving construction, engineered structures, and transportation markets in North America
- • New divestitures: Sold steel components business with $87.8M revenue in 2024; agreed to sell inland barge and marine components business in 2026
- • Strategic focus: Driving organic and disciplined acquisition growth in fragmented infrastructure markets aligned with infrastructure replacement and renewable energy trends
- • Notable market alignment: Emphasis on aging transportation infrastructure replacement, grid-hardening investments, and data center expansion driving growth opportunities
Management Discussion & Analysis
- • Revenue $2.9B, up 12.2% YoY ($2.57B in 2024) led by Construction Products ($1.31B, +18.6%) and Engineered Structures ($1.19B, +13.6%); Transportation Products down 8.2%
- • Operating margin 11.9% in 2025 ($341.9M op profit on $2.88B revenue) vs 7.7% in 2024 ($197.6M op profit on $2.57B) driven by all segments
- • Best segment: Construction Products op profit $189.7M (+41.7% YoY); Worst: Transportation Products op profit $46.1M, though +52.6% YoY, impacted by steel components divestiture
- • Operating cash flow supported $1.2B Stavola acquisition, $180M Ameron acquisition, $450M barge business sale pending Q2 2026 closing; interest expense rose $37.9M to $108.8M
- • Management expects continued growth in utility structures and wind towers despite renewable tax credit phase-outs; backlog strong with $627.8M wind towers and $434.9M utility structures supporting 2026-27 revenues
Risk Factors
- • Environmental permitting risk from federal, state, and local regulations on air/water quality and wildlife protection impacting mining operations
- • Geographical concentration with 62 surface mines and 1 underground mine, mostly in Texas and "All Other" US regions, vulnerable to regional disruptions
- • Supply chain exposure due to reliance on road and railroad access for 33.3 million tons of natural aggregates and specialty materials shipments
- • Market risk from specialty materials competing with higher-value, processed building products affecting multi-state distribution
- • Mineral reserves concentration of 55% on owned land, 45% leased, with 85% linked to active mining impacting operational continuity
Arcosa, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$2.9B
▲ +12.2% YoY
Net Income
$208M
▲ +122.4% YoY
Gross Margin
22.4%
▲ +240bp YoY
Operating Margin
11.9%
▲ +417bp YoY
Net Margin
7.2%
▲ +358bp YoY
ROE
7.9%
▲ +403bp YoY
Total Assets
$5.0B
▲ +1.4% YoY
EPS (Diluted)
$4.24
▲ +122.0% YoY
Operating Cash Flow
$341M
▼ -32.1% YoY
Source: XBRL data from Arcosa, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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