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Side-by-side financial comparison of Construction Partners, Inc. (ROAD) and SM Energy Co (SM). Click either name above to swap in a different company.

Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $704.9M, roughly 1.1× SM Energy Co). On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs -17.3%). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 12.2%).

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.

SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.

ROAD vs SM — Head-to-Head

Bigger by revenue
ROAD
ROAD
1.1× larger
ROAD
$809.5M
$704.9M
SM
Growing faster (revenue YoY)
ROAD
ROAD
+61.4% gap
ROAD
44.1%
-17.3%
SM
Faster 2-yr revenue CAGR
ROAD
ROAD
Annualised
ROAD
47.6%
12.2%
SM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ROAD
ROAD
SM
SM
Revenue
$809.5M
$704.9M
Net Profit
$17.2M
Gross Margin
15.0%
Operating Margin
6.2%
25.9%
Net Margin
2.1%
Revenue YoY
44.1%
-17.3%
Net Profit YoY
663.9%
EPS (diluted)
$0.31
$0.94

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.

Revenue
ROAD
ROAD
SM
SM
Q4 25
$809.5M
$704.9M
Q3 25
$899.8M
$811.6M
Q2 25
$779.3M
$792.9M
Q1 25
$571.6M
$844.5M
Q4 24
$561.6M
$852.0M
Q3 24
$538.2M
$643.6M
Q2 24
$517.8M
$634.6M
Q1 24
$371.4M
$559.9M
Net Profit
ROAD
ROAD
SM
SM
Q4 25
$17.2M
Q3 25
$56.6M
$155.1M
Q2 25
$44.0M
$201.7M
Q1 25
$4.2M
$182.3M
Q4 24
$-3.1M
Q3 24
$29.3M
$240.5M
Q2 24
$30.9M
$210.3M
Q1 24
$-1.1M
$131.2M
Gross Margin
ROAD
ROAD
SM
SM
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%
Operating Margin
ROAD
ROAD
SM
SM
Q4 25
6.2%
25.9%
Q3 25
11.2%
30.4%
Q2 25
10.6%
37.2%
Q1 25
4.8%
32.7%
Q4 24
2.5%
33.7%
Q3 24
8.5%
51.4%
Q2 24
8.8%
44.0%
Q1 24
0.8%
31.9%
Net Margin
ROAD
ROAD
SM
SM
Q4 25
2.1%
Q3 25
6.3%
19.1%
Q2 25
5.7%
25.4%
Q1 25
0.7%
21.6%
Q4 24
-0.5%
Q3 24
5.4%
37.4%
Q2 24
6.0%
33.1%
Q1 24
-0.3%
23.4%
EPS (diluted)
ROAD
ROAD
SM
SM
Q4 25
$0.31
$0.94
Q3 25
$1.03
$1.35
Q2 25
$0.79
$1.76
Q1 25
$0.08
$1.59
Q4 24
$-0.06
$1.63
Q3 24
$0.55
$2.09
Q2 24
$0.59
$1.82
Q1 24
$-0.02
$1.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ROAD
ROAD
SM
SM
Cash + ST InvestmentsLiquidity on hand
$104.1M
$368.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$969.1M
$4.8B
Total Assets
$3.4B
$9.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ROAD
ROAD
SM
SM
Q4 25
$104.1M
$368.0M
Q3 25
$156.1M
$162.3M
Q2 25
$114.3M
$101.9M
Q1 25
$101.9M
$54.0K
Q4 24
$132.5M
Q3 24
$74.7M
$1.7B
Q2 24
$56.3M
$487.9M
Q1 24
$48.0M
$506.3M
Total Debt
ROAD
ROAD
SM
SM
Q4 25
Q3 25
$1.6B
Q2 25
Q1 25
Q4 24
Q3 24
$515.0M
Q2 24
Q1 24
Stockholders' Equity
ROAD
ROAD
SM
SM
Q4 25
$969.1M
$4.8B
Q3 25
$912.0M
$4.7B
Q2 25
$853.3M
$4.6B
Q1 25
$807.9M
$4.4B
Q4 24
$811.1M
$4.2B
Q3 24
$573.7M
$4.1B
Q2 24
$552.9M
$3.8B
Q1 24
$525.0M
$3.7B
Total Assets
ROAD
ROAD
SM
SM
Q4 25
$3.4B
$9.3B
Q3 25
$3.2B
$9.1B
Q2 25
$2.9B
$9.0B
Q1 25
$2.8B
$8.8B
Q4 24
$2.6B
$8.6B
Q3 24
$1.5B
$8.0B
Q2 24
$1.4B
$6.7B
Q1 24
$1.3B
$6.4B
Debt / Equity
ROAD
ROAD
SM
SM
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
ROAD
ROAD
SM
SM
Operating Cash FlowLast quarter
$82.6M
$451.9M
Free Cash FlowOCF − Capex
$47.1M
FCF MarginFCF / Revenue
5.8%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
4.80×
TTM Free Cash FlowTrailing 4 quarters
$186.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ROAD
ROAD
SM
SM
Q4 25
$82.6M
$451.9M
Q3 25
$112.0M
$505.0M
Q2 25
$83.0M
$571.1M
Q1 25
$55.6M
$483.0M
Q4 24
$40.7M
$578.4M
Q3 24
$95.9M
$452.3M
Q2 24
$34.6M
$476.4M
Q1 24
$18.2M
$276.0M
Free Cash Flow
ROAD
ROAD
SM
SM
Q4 25
$47.1M
Q3 25
$78.9M
Q2 25
$46.4M
Q1 25
$14.2M
Q4 24
$13.8M
Q3 24
$78.4M
Q2 24
$19.7M
Q1 24
$-10.6M
FCF Margin
ROAD
ROAD
SM
SM
Q4 25
5.8%
Q3 25
8.8%
Q2 25
5.9%
Q1 25
2.5%
Q4 24
2.5%
Q3 24
14.6%
Q2 24
3.8%
Q1 24
-2.8%
Capex Intensity
ROAD
ROAD
SM
SM
Q4 25
4.4%
Q3 25
3.7%
Q2 25
4.7%
Q1 25
7.2%
Q4 24
4.8%
Q3 24
3.3%
Q2 24
2.9%
Q1 24
7.7%
Cash Conversion
ROAD
ROAD
SM
SM
Q4 25
4.80×
Q3 25
1.98×
3.26×
Q2 25
1.88×
2.83×
Q1 25
13.20×
2.65×
Q4 24
Q3 24
3.27×
1.88×
Q2 24
1.12×
2.27×
Q1 24
2.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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