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Side-by-side financial comparison of PROCORE TECHNOLOGIES, INC. (PCOR) and Construction Partners, Inc. (ROAD), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $349.1M, roughly 2.3× PROCORE TECHNOLOGIES, INC.). Construction Partners, Inc. runs the higher net margin — -10.8% vs 2.1%, a 12.9% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 15.6%). PROCORE TECHNOLOGIES, INC. produced more free cash flow last quarter ($109.2M vs $47.1M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 13.8%).
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
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.
PCOR vs ROAD — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $349.1M | $809.5M |
| Net Profit | $-37.6M | $17.2M |
| Gross Margin | 80.1% | 15.0% |
| Operating Margin | -12.3% | 6.2% |
| Net Margin | -10.8% | 2.1% |
| Revenue YoY | 15.6% | 44.1% |
| Net Profit YoY | 39.6% | 663.9% |
| EPS (diluted) | $-0.25 | $0.31 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $349.1M | $809.5M | ||
| Q3 25 | $338.9M | $899.8M | ||
| Q2 25 | $323.9M | $779.3M | ||
| Q1 25 | $310.6M | $571.6M | ||
| Q4 24 | $302.0M | $561.6M | ||
| Q3 24 | $295.9M | $538.2M | ||
| Q2 24 | $284.3M | $517.8M | ||
| Q1 24 | $269.4M | $371.4M |
| Q4 25 | $-37.6M | $17.2M | ||
| Q3 25 | $-9.1M | $56.6M | ||
| Q2 25 | $-21.1M | $44.0M | ||
| Q1 25 | $-33.0M | $4.2M | ||
| Q4 24 | $-62.3M | $-3.1M | ||
| Q3 24 | $-26.4M | $29.3M | ||
| Q2 24 | $-6.3M | $30.9M | ||
| Q1 24 | $-11.0M | $-1.1M |
| Q4 25 | 80.1% | 15.0% | ||
| Q3 25 | 79.7% | 17.7% | ||
| Q2 25 | 79.1% | 16.9% | ||
| Q1 25 | 79.1% | 12.5% | ||
| Q4 24 | 81.2% | 13.6% | ||
| Q3 24 | 81.4% | 15.6% | ||
| Q2 24 | 83.1% | 16.1% | ||
| Q1 24 | 83.0% | 10.4% |
| Q4 25 | -12.3% | 6.2% | ||
| Q3 25 | -4.4% | 11.2% | ||
| Q2 25 | -9.3% | 10.6% | ||
| Q1 25 | -11.7% | 4.8% | ||
| Q4 24 | -21.9% | 2.5% | ||
| Q3 24 | -12.3% | 8.5% | ||
| Q2 24 | -5.2% | 8.8% | ||
| Q1 24 | -7.0% | 0.8% |
| Q4 25 | -10.8% | 2.1% | ||
| Q3 25 | -2.7% | 6.3% | ||
| Q2 25 | -6.5% | 5.7% | ||
| Q1 25 | -10.6% | 0.7% | ||
| Q4 24 | -20.6% | -0.5% | ||
| Q3 24 | -8.9% | 5.4% | ||
| Q2 24 | -2.2% | 6.0% | ||
| Q1 24 | -4.1% | -0.3% |
| Q4 25 | $-0.25 | $0.31 | ||
| Q3 25 | $-0.06 | $1.03 | ||
| Q2 25 | $-0.14 | $0.79 | ||
| Q1 25 | $-0.22 | $0.08 | ||
| Q4 24 | $-0.42 | $-0.06 | ||
| Q3 24 | $-0.18 | $0.55 | ||
| Q2 24 | $-0.04 | $0.59 | ||
| Q1 24 | $-0.08 | $-0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $768.5M | $104.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $969.1M |
| Total Assets | $2.2B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $768.5M | $104.1M | ||
| Q3 25 | $684.0M | $156.1M | ||
| Q2 25 | $620.9M | $114.3M | ||
| Q1 25 | $566.7M | $101.9M | ||
| Q4 24 | $775.4M | $132.5M | ||
| Q3 24 | $756.9M | $74.7M | ||
| Q2 24 | $735.4M | $56.3M | ||
| Q1 24 | $744.6M | $48.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $515.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.3B | $969.1M | ||
| Q3 25 | $1.2B | $912.0M | ||
| Q2 25 | $1.2B | $853.3M | ||
| Q1 25 | $1.2B | $807.9M | ||
| Q4 24 | $1.3B | $811.1M | ||
| Q3 24 | $1.3B | $573.7M | ||
| Q2 24 | $1.3B | $552.9M | ||
| Q1 24 | $1.2B | $525.0M |
| Q4 25 | $2.2B | $3.4B | ||
| Q3 25 | $2.1B | $3.2B | ||
| Q2 25 | $2.0B | $2.9B | ||
| Q1 25 | $1.9B | $2.8B | ||
| Q4 24 | $2.1B | $2.6B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $2.0B | $1.4B | ||
| Q1 24 | $1.9B | $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. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $114.9M | $82.6M |
| Free Cash FlowOCF − Capex | $109.2M | $47.1M |
| FCF MarginFCF / Revenue | 31.3% | 5.8% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 1.6% | 4.4% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | — | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | $282.2M | $186.6M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $114.9M | $82.6M | ||
| Q3 25 | $88.5M | $112.0M | ||
| Q2 25 | $30.8M | $83.0M | ||
| Q1 25 | $66.0M | $55.6M | ||
| Q4 24 | $29.1M | $40.7M | ||
| Q3 24 | $39.3M | $95.9M | ||
| Q2 24 | $58.7M | $34.6M | ||
| Q1 24 | $69.1M | $18.2M |
| Q4 25 | $109.2M | $47.1M | ||
| Q3 25 | $83.1M | $78.9M | ||
| Q2 25 | $27.9M | $46.4M | ||
| Q1 25 | $62.0M | $14.2M | ||
| Q4 24 | $17.4M | $13.8M | ||
| Q3 24 | $35.7M | $78.4M | ||
| Q2 24 | $56.8M | $19.7M | ||
| Q1 24 | $67.1M | $-10.6M |
| Q4 25 | 31.3% | 5.8% | ||
| Q3 25 | 24.5% | 8.8% | ||
| Q2 25 | 8.6% | 5.9% | ||
| Q1 25 | 20.0% | 2.5% | ||
| Q4 24 | 5.8% | 2.5% | ||
| Q3 24 | 12.1% | 14.6% | ||
| Q2 24 | 20.0% | 3.8% | ||
| Q1 24 | 24.9% | -2.8% |
| Q4 25 | 1.6% | 4.4% | ||
| Q3 25 | 1.6% | 3.7% | ||
| Q2 25 | 0.9% | 4.7% | ||
| Q1 25 | 1.3% | 7.2% | ||
| Q4 24 | 3.9% | 4.8% | ||
| Q3 24 | 1.2% | 3.3% | ||
| Q2 24 | 0.7% | 2.9% | ||
| Q1 24 | 0.8% | 7.7% |
| Q4 25 | — | 4.80× | ||
| Q3 25 | — | 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
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
ROAD
Segment breakdown not available.
