ROAD at a glance
Construction Partners, Inc. (ROAD, SEC CIK 1718227) filed its latest 10-K annual report on November 25, 2025, a 10-Q quarterly report on August 7, 2026, an 8-K current report on October 5, 2026 and Form 4 insider filings as recently as October 6, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended September 30, 2025 (FY2025), Construction Partners, Inc. (ROAD) reported revenue of $2.8 billion (up 54.2% from FY2024) and net income of $101.8 million. Diluted EPS was $1.84.
- As of June 30, 2026, 34 institutional investment managers tracked by SignalX reported holding Construction Partners, Inc. (ROAD) shares worth $2.9 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $2.8B
- +54.2% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 34 funds
- $2.9B · +2 vs prior quarter
- Latest 8-K
- Sep 21, 2026
- Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Sep 30, 2025
Business Overview
- Core business model: vertically integrated civil infrastructure construction specializing in asphalt paving, HMA production, aggregates mining, and site development in the U.S. Sunbelt
- New strategic plan “ROAD 2030” targeting revenues over $6 billion by fiscal 2030, emphasizing aggressive growth and expansion
- Fiscal 2025 acquisitions: 5 deals adding 27 HMA plants, 4 aggregate facilities, liquid asphalt and rail terminals; $1.5 billion aggregate consideration
- Contract backlog increased 50% to $3.0 billion from $2.0 billion in prior year, with 78% expected completion within 12 months
- Employee count as of Sept 2025: 6,412 total, with hourly workforce up to 4,773 amid seasonal fluctuations
Risk Factors
- Cybersecurity risk managed by Senior VP IT with 30+ years experience and Director of Info Security with 20+ years and US Air Force background
- Board Audit Committee oversees IT security controls and receives periodic cybersecurity risk reports from management and third-party providers
Management Discussion & Analysis
- Revenue $2.81B, up 54.2% YoY from $1.82B; $835.2M from acquisitions, $153.2M organic growth
- Gross profit $439.1M (15.6% margin) vs $258.3M (14.2% margin); operating income $224.8M (8.0%) vs $111.2M (6.1%)
- Best segment: acquisitions adding 27 asphalt plants, 4 aggregates facilities; worst impact from rising interest expense $90.4M vs $19.1M
- Cash flow: operating $291.3M up from $209.1M; investing -$1.28B due to acquisitions; financing activities $1.07B from debt issuance, net of repayments, $23.5M buybacks
- Outlook: increased leverage with Term Loan B $850M drawn Nov 2024; risk from weather seasonality and commodity price fluctuations impacting margins
AI summary of the ROAD 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $999.4M, up 28.2% YoY from $779.3M, including $151.0M from acquisitions
- Operating margin 10.9% vs 10.6%; gross margin 16.8% vs 16.9%
- Adjusted EBITDA $163.0M, margin 16.3% vs 16.9%; net income $59.6M vs $44.0M
- Existing-market revenue up 8.9%, driven by strong public and private work demand
- Revolver capacity increased to $700.0M; $96.0M outstanding and $599.2M available at June 30, 2026
- Headwinds: fuel-price volatility, higher interest expense of $30.3M, and potential impacts on demand and project timing
Risk Factors
- New geopolitical risk triggered by Iran conflict and potential Strait of Hormuz disruption
- Petroleum-input risk from constrained crude supply affecting liquid asphalt cement and diesel availability
- Margin risk from higher input costs and contractual mechanisms that may not fully offset increases
- Competitive risk from reduced ability to bid competitively on projects during cost volatility
- Macroeconomic risk from inflation and potentially reduced infrastructure spending
AI summary of the ROAD 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Completion of an acquisition transaction announced September 21, 2026
- Exhibit 99.1 contains transaction details and is incorporated by reference
Item EX-99.1: Item EX-99.1
- Acquisition of Roads, Inc. expands CPI’s Florida Panhandle operations through its CWR platform
- Acquired hot-mix asphalt plant north of Pensacola, plus crews and equipment
Item 7.01: Regulation FD Disclosure
- Press release announced completion of an acquisition transaction on August 31, 2026
- Acquisition details, transaction value, and expected financial impact are contained in Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Acquisition adds liquid asphalt supply and hauling capabilities across Oklahoma and northern Texas
- Acquired Ardmore, Oklahoma rail-served industrial site, trucks, and trailers through Oklahoma platform Overland Corporation
AI summaries of ROAD 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for ROAD
Don't miss the next ROAD filing
- Alerts as it files. A push when ROAD files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut ROAD, by share count.
- Ask anything. An AI agent that reads every ROAD filing and answers with sources.
ROAD alerts on your phone. Follow it in the SignalX Android app.
Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Brooks Judson Ryan | F | Oct 2, 2026 | 774 | $90.03 |
| Baugnon Robert G | F | Oct 2, 2026 | 895 | $90.03 |
| Fleming Ned N. IV | F | Oct 2, 2026 | 625 | $90.03 |
| Smith Fred Julius III | F | Oct 2, 2026 | 2,903 | $90.03 |
| Hoffman Gregory A | F | Oct 2, 2026 | 1,375 | $90.03 |
| Brooks Judson Ryan | G | Aug 28, 2026 | 100 | - |
| Brooks Judson Ryan | A | Aug 6, 2026 | 40,000 | - |
| Smith Fred Julius III | A | Aug 6, 2026 | 50,000 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $1.8B | $2.8B |
| Gross Profit | - | $258.3M | $439.1M |
| Operating Income | - | $111.2M | $224.8M |
| Net Income | - | $68.9M | $101.8M |
| Gross Margin | - | 14.2% | 15.6% |
| Op. Margin | - | 6.1% | 8.0% |
| Net Margin | - | 3.8% | 3.6% |
| Balance Sheet | |||
| Total Assets | $1.2B | $1.5B | $3.2B |
| Equity | - | $573.7M | $912.0M |
| ROE | - | 12.0% | 11.2% |
| Per Share | |||
| EPS | - | $1.31 | $1.84 |
| Cash Flow | |||
| Operating CF | - | $209.1M | $291.3M |
| CapEx | $97.8M | $87.9M | $137.9M |
Source: XBRL data in Construction Partners, Inc. (ROAD)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate ROAD share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 34 | $2.90B |
| Q1 2026 | 32 | $2.61B |
| Q4 2025 | 27 | $2.21B |
| Q3 2025 | 28 | $2.58B |
| Q2 2025 | 29 | $2.03B |
| Q1 2025 | 26 | $1.04B |
| Q4 2024 | 22 | $1.05B |
| Q3 2024 | 19 | $334.0M |
- Millennium Management+346.6K (+6079%)
- Goldman Sachs Group+264.1K (+33%)
- JPMorgan Chase & Co+238.6K (+475%)
- Citigroup+146.1K (+758%)
- Dimensional Fund Advisors+130.0K (+22%)
- Invesco Ltd−340.5K (-33%)
- T. Rowe Price Group−201.7K (-26%)
- Franklin Resources−152.7K (-26%)
- Ameriprise Financial−91.7K (-13%)
- Fifth Third Bancorp−37.8K (-16%)
- Two Sigma Investments+3.4K
- M&T Bank+2.1K
Source: 13F-HR filings on SEC EDGAR (aggregated from 217 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
ROAD filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 6, 2026 | - | - | - |
| 4 | Oct 6, 2026 | - | - | - |
| 4 | Oct 6, 2026 | - | - | - |
| 4 | Oct 6, 2026 | - | - | - |
| 4 | Oct 6, 2026 | - | - | - |
| 8-K | Oct 5, 2026 | - | - | - |
| 8-K | Sep 21, 2026 | - | Analysis | - |
| 8-K | Aug 31, 2026 | - | Analysis | - |
| 4 | Aug 31, 2026 | - | - | - |
| 4 | Aug 10, 2026 | - | - | - |
| 4 | Aug 10, 2026 | - | - | - |
| 8-K | Aug 10, 2026 | - | Analysis | - |
| 4 | Aug 10, 2026 | - | - | - |
| 4 | Aug 10, 2026 | - | - | - |
| 4 | Aug 10, 2026 | - | - | - |
| 8-K | Aug 7, 2026 | - | Analysis | - |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 13, 2026 | - | Analysis | - |
| 4 | Jul 6, 2026 | - | - | - |
| 8-K | Jun 18, 2026 | - | Analysis | - |
| 8-K | Jun 8, 2026 | - | Analysis | |
| 8-K | May 8, 2026 | - | Analysis | |
| 10-Q | May 8, 2026 | Mar 31, 2026 | Analysis | |
| 4 | Apr 6, 2026 | - | - | - |
| 8-K | Apr 1, 2026 | - | - | - |
Related Industrials companies
- FER · FerrovialHeavy Construction Other Than Bldg Const - Contractors
- FLR · FLUOR CORPHeavy Construction Other Than Bldg Const - Contractors
- GVA · GRANITE CONSTRUCTION INCHeavy Construction Other Than Bldg Const - Contractors
- GLDD · Great Lakes Dredge & Dock CORPHeavy Construction Other Than Bldg Const - Contractors
- J · Jacobs SolutionsHeavy Construction Other Than Bldg Const - Contractors
- KBR · Kbr IncHeavy Construction Other Than Bldg Const - Contractors
- ORN · Orion Group Holdings IncHeavy Construction Other Than Bldg Const - Contractors
- MWH · SOLV Energy IncHeavy Construction Other Than Bldg Const - Contractors
ROAD SEC filings: frequently asked questions
Which institutions hold ROAD stock?
As of June 30, 2026, the largest Construction Partners, Inc. (ROAD) holders among the 13F filers tracked by SignalX were FMR LLC (Fidelity) ($848.7 million), BlackRock ($460.7 million), Vanguard Capital Management LLC ($238.2 million), Vanguard Portfolio Management LLC ($233.6 million), State Street Corp ($139.4 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was ROAD's revenue in fiscal year 2025?
For the fiscal year ended September 30, 2025 (FY2025), Construction Partners, Inc. (ROAD) reported revenue of $2.8 billion (up 54.2% from FY2024) and net income of $101.8 million. Diluted EPS was $1.84. The figures come from the XBRL data in the 10-K.
What are the main risks in ROAD's latest 10-K?
In the 10-K filed November 25, 2025, Construction Partners, Inc. (ROAD) flagged: Cybersecurity risk managed by Senior VP IT with 30+ years experience and Director of Info Security with 20+ years and US Air Force background. Board Audit Committee oversees IT security controls and receives periodic cybersecurity risk reports from management and third-party providers. (AI summary of the Risk Factors section.)
What did ROAD report in its latest 8-K?
Construction Partners, Inc. (ROAD) filed an 8-K on September 21, 2026 reporting Item 7.01 (Regulation FD Disclosure). Completion of an acquisition transaction announced September 21, 2026.
What are the latest ROAD SEC filings?
Construction Partners, Inc. (ROAD) filed its latest 10-K annual report on November 25, 2025, a 10-Q quarterly report on August 7, 2026, an 8-K current report on October 5, 2026 and a Form 4 insider filing on October 6, 2026.
What is ROAD's SEC CIK number?
Construction Partners, Inc. (ROAD)'s SEC Central Index Key (CIK) is 1718227. EDGAR lists every ROAD filing under that number.
Ask anything about ROAD
The research agent reads ROAD's filings, financials, insider trades and 13F holders, then answers with sources.