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Side-by-side financial comparison of Circle Internet Group, Inc. (CRCL) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $739.8M, roughly 1.1× Circle Internet Group, Inc.). Circle Internet Group, Inc. runs the higher net margin — 29.0% vs 2.1%, a 26.9% gap on every dollar of revenue. On growth, Circle Internet Group, Inc. posted the faster year-over-year revenue change (5113.5% vs 44.1%). Construction Partners, Inc. produced more free cash flow last quarter ($47.1M vs $-14.7M).
Circle is a payments technology company. Funded by Jeremy Allaire and Sean Neville in 2013, it is currently headquartered in New York City and issues two types of stablecoin: USDC, which has a conversion rate pegged to the U.S. dollar, and EURC, which is euro-denominated. It also issues USYC, a tokenized money market fund.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
CRCL vs ROAD — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $739.8M | $809.5M |
| Net Profit | $214.4M | $17.2M |
| Gross Margin | — | 15.0% |
| Operating Margin | 11.0% | 6.2% |
| Net Margin | 29.0% | 2.1% |
| Revenue YoY | 5113.5% | 44.1% |
| Net Profit YoY | 202.0% | 663.9% |
| EPS (diluted) | $0.64 | $0.31 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $809.5M | ||
| Q3 25 | $739.8M | $899.8M | ||
| Q2 25 | $658.1M | $779.3M | ||
| Q1 25 | — | $571.6M | ||
| Q4 24 | — | $561.6M | ||
| Q3 24 | — | $538.2M | ||
| Q2 24 | $6.8M | $517.8M | ||
| Q1 24 | — | $371.4M |
| Q4 25 | — | $17.2M | ||
| Q3 25 | $214.4M | $56.6M | ||
| Q2 25 | $-482.1M | $44.0M | ||
| Q1 25 | — | $4.2M | ||
| Q4 24 | — | $-3.1M | ||
| Q3 24 | — | $29.3M | ||
| Q2 24 | $32.9M | $30.9M | ||
| Q1 24 | — | $-1.1M |
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 16.1% | ||
| Q1 24 | — | 10.4% |
| Q4 25 | — | 6.2% | ||
| Q3 25 | 11.0% | 11.2% | ||
| Q2 25 | -49.5% | 10.6% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 8.5% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | 29.0% | 6.3% | ||
| Q2 25 | -73.3% | 5.7% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | — | 5.4% | ||
| Q2 24 | 486.5% | 6.0% | ||
| Q1 24 | — | -0.3% |
| Q4 25 | — | $0.31 | ||
| Q3 25 | $0.64 | $1.03 | ||
| Q2 25 | $-4.48 | $0.79 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | $-0.06 | ||
| Q3 24 | — | $0.55 | ||
| Q2 24 | $0.00 | $0.59 | ||
| Q1 24 | — | $-0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $104.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $969.1M |
| Total Assets | $76.8B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.1M | ||
| Q3 25 | $1.3B | $156.1M | ||
| Q2 25 | $1.1B | $114.3M | ||
| Q1 25 | — | $101.9M | ||
| Q4 24 | — | $132.5M | ||
| Q3 24 | — | $74.7M | ||
| Q2 24 | $457.5M | $56.3M | ||
| Q1 24 | — | $48.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $515.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $969.1M | ||
| Q3 25 | $3.0B | $912.0M | ||
| Q2 25 | $2.4B | $853.3M | ||
| Q1 25 | — | $807.9M | ||
| Q4 24 | — | $811.1M | ||
| Q3 24 | — | $573.7M | ||
| Q2 24 | $460.9M | $552.9M | ||
| Q1 24 | — | $525.0M |
| Q4 25 | — | $3.4B | ||
| Q3 25 | $76.8B | $3.2B | ||
| Q2 25 | $64.2B | $2.9B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-10.7M | $82.6M |
| Free Cash FlowOCF − Capex | $-14.7M | $47.1M |
| FCF MarginFCF / Revenue | -2.0% | 5.8% |
| Capex IntensityCapex / Revenue | 0.5% | 4.4% |
| Cash ConversionOCF / Net Profit | -0.05× | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $82.6M | ||
| Q3 25 | $-10.7M | $112.0M | ||
| Q2 25 | $303.7M | $83.0M | ||
| Q1 25 | — | $55.6M | ||
| Q4 24 | — | $40.7M | ||
| Q3 24 | — | $95.9M | ||
| Q2 24 | — | $34.6M | ||
| Q1 24 | — | $18.2M |
| Q4 25 | — | $47.1M | ||
| Q3 25 | $-14.7M | $78.9M | ||
| Q2 25 | $296.3M | $46.4M | ||
| Q1 25 | — | $14.2M | ||
| Q4 24 | — | $13.8M | ||
| Q3 24 | — | $78.4M | ||
| Q2 24 | — | $19.7M | ||
| Q1 24 | — | $-10.6M |
| Q4 25 | — | 5.8% | ||
| Q3 25 | -2.0% | 8.8% | ||
| Q2 25 | 45.0% | 5.9% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 14.6% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | -2.8% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | 0.5% | 3.7% | ||
| Q2 25 | 1.1% | 4.7% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 7.7% |
| Q4 25 | — | 4.80× | ||
| Q3 25 | -0.05× | 1.98× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | — | 13.20× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.27× | ||
| Q2 24 | — | 1.12× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
