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Side-by-side financial comparison of National Vision Holdings, Inc. (EYE) 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 $487.3M, roughly 1.7× National Vision Holdings, Inc.). Construction Partners, Inc. runs the higher net margin — 2.1% vs 0.7%, a 1.4% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 7.9%). Construction Partners, Inc. produced more free cash flow last quarter ($47.1M vs $30.3M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 7.6%).
Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.
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.
EYE vs ROAD — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $487.3M | $809.5M |
| Net Profit | $3.4M | $17.2M |
| Gross Margin | — | 15.0% |
| Operating Margin | 2.0% | 6.2% |
| Net Margin | 0.7% | 2.1% |
| Revenue YoY | 7.9% | 44.1% |
| Net Profit YoY | 139.8% | 663.9% |
| EPS (diluted) | $0.04 | $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 | $487.3M | $899.8M | ||
| Q2 25 | $486.4M | $779.3M | ||
| Q1 25 | $510.3M | $571.6M | ||
| Q4 24 | $437.3M | $561.6M | ||
| Q3 24 | $451.5M | $538.2M | ||
| Q2 24 | $451.7M | $517.8M | ||
| Q1 24 | $482.8M | $371.4M |
| Q4 25 | — | $17.2M | ||
| Q3 25 | $3.4M | $56.6M | ||
| Q2 25 | $8.7M | $44.0M | ||
| Q1 25 | $14.2M | $4.2M | ||
| Q4 24 | $-28.6M | $-3.1M | ||
| Q3 24 | $-8.5M | $29.3M | ||
| Q2 24 | $-3.1M | $30.9M | ||
| Q1 24 | $11.7M | $-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 | 2.0% | 11.2% | ||
| Q2 25 | 3.4% | 10.6% | ||
| Q1 25 | 5.1% | 4.8% | ||
| Q4 24 | -5.8% | 2.5% | ||
| Q3 24 | -2.0% | 8.5% | ||
| Q2 24 | 0.1% | 8.8% | ||
| Q1 24 | 4.9% | 0.8% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | 0.7% | 6.3% | ||
| Q2 25 | 1.8% | 5.7% | ||
| Q1 25 | 2.8% | 0.7% | ||
| Q4 24 | -6.5% | -0.5% | ||
| Q3 24 | -1.9% | 5.4% | ||
| Q2 24 | -0.7% | 6.0% | ||
| Q1 24 | 2.4% | -0.3% |
| Q4 25 | — | $0.31 | ||
| Q3 25 | $0.04 | $1.03 | ||
| Q2 25 | $0.11 | $0.79 | ||
| Q1 25 | $0.18 | $0.08 | ||
| Q4 24 | $-0.36 | $-0.06 | ||
| Q3 24 | $-0.11 | $0.55 | ||
| Q2 24 | $-0.04 | $0.59 | ||
| Q1 24 | $0.15 | $-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 | $56.0M | $104.1M |
| Total DebtLower is stronger | $236.5M | — |
| Stockholders' EquityBook value | $858.8M | $969.1M |
| Total Assets | $2.0B | $3.4B |
| Debt / EquityLower = less leverage | 0.28× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.1M | ||
| Q3 25 | $56.0M | $156.1M | ||
| Q2 25 | $48.5M | $114.3M | ||
| Q1 25 | $80.0M | $101.9M | ||
| Q4 24 | $73.9M | $132.5M | ||
| Q3 24 | $81.2M | $74.7M | ||
| Q2 24 | $179.5M | $56.3M | ||
| Q1 24 | $150.1M | $48.0M |
| Q4 25 | — | — | ||
| Q3 25 | $236.5M | $1.6B | ||
| Q2 25 | $255.6M | — | ||
| Q1 25 | $244.7M | — | ||
| Q4 24 | $248.6M | — | ||
| Q3 24 | $252.8M | $515.0M | ||
| Q2 24 | $143.9M | — | ||
| Q1 24 | $448.6M | — |
| Q4 25 | — | $969.1M | ||
| Q3 25 | $858.8M | $912.0M | ||
| Q2 25 | $850.6M | $853.3M | ||
| Q1 25 | $836.2M | $807.9M | ||
| Q4 24 | $816.3M | $811.1M | ||
| Q3 24 | $840.0M | $573.7M | ||
| Q2 24 | $843.4M | $552.9M | ||
| Q1 24 | $841.3M | $525.0M |
| Q4 25 | — | $3.4B | ||
| Q3 25 | $2.0B | $3.2B | ||
| Q2 25 | $2.0B | $2.9B | ||
| Q1 25 | $2.0B | $2.8B | ||
| Q4 24 | $2.0B | $2.6B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $2.1B | $1.4B | ||
| Q1 24 | $2.2B | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | 0.28× | 1.78× | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | 0.30× | 0.90× | ||
| Q2 24 | 0.17× | — | ||
| Q1 24 | 0.53× | — |
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 | $46.6M | $82.6M |
| Free Cash FlowOCF − Capex | $30.3M | $47.1M |
| FCF MarginFCF / Revenue | 6.2% | 5.8% |
| Capex IntensityCapex / Revenue | 3.4% | 4.4% |
| Cash ConversionOCF / Net Profit | 13.83× | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | $83.0M | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $82.6M | ||
| Q3 25 | $46.6M | $112.0M | ||
| Q2 25 | $54.3M | $83.0M | ||
| Q1 25 | $32.2M | $55.6M | ||
| Q4 24 | $30.3M | $40.7M | ||
| Q3 24 | $27.9M | $95.9M | ||
| Q2 24 | $51.5M | $34.6M | ||
| Q1 24 | $24.0M | $18.2M |
| Q4 25 | — | $47.1M | ||
| Q3 25 | $30.3M | $78.9M | ||
| Q2 25 | $42.4M | $46.4M | ||
| Q1 25 | $12.0M | $14.2M | ||
| Q4 24 | $-1.7M | $13.8M | ||
| Q3 24 | $4.1M | $78.4M | ||
| Q2 24 | $31.9M | $19.7M | ||
| Q1 24 | $4.0M | $-10.6M |
| Q4 25 | — | 5.8% | ||
| Q3 25 | 6.2% | 8.8% | ||
| Q2 25 | 8.7% | 5.9% | ||
| Q1 25 | 2.4% | 2.5% | ||
| Q4 24 | -0.4% | 2.5% | ||
| Q3 24 | 0.9% | 14.6% | ||
| Q2 24 | 7.1% | 3.8% | ||
| Q1 24 | 0.8% | -2.8% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | 3.4% | 3.7% | ||
| Q2 25 | 2.4% | 4.7% | ||
| Q1 25 | 4.0% | 7.2% | ||
| Q4 24 | 7.3% | 4.8% | ||
| Q3 24 | 5.3% | 3.3% | ||
| Q2 24 | 4.3% | 2.9% | ||
| Q1 24 | 4.1% | 7.7% |
| Q4 25 | — | 4.80× | ||
| Q3 25 | 13.83× | 1.98× | ||
| Q2 25 | 6.22× | 1.88× | ||
| Q1 25 | 2.27× | 13.20× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.27× | ||
| Q2 24 | — | 1.12× | ||
| Q1 24 | 2.05× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
