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

Construction Partners, Inc. is the larger business by last-quarter revenue ($769.2M vs $340.0M, roughly 2.3× UL Solutions Inc.). On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (34.6% vs -12.4%). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (21.9% CAGR vs -31.8%).

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.

The UL enterprise is a global private safety company headquartered in Northbrook, Illinois, composed of three organizations, UL Research Institutes, UL Standards & Engagement and UL Solutions.

ROAD vs ULS — Head-to-Head

Bigger by revenue
ROAD
ROAD
2.3× larger
ROAD
$769.2M
$340.0M
ULS
Growing faster (revenue YoY)
ROAD
ROAD
+46.9% gap
ROAD
34.6%
-12.4%
ULS
Faster 2-yr revenue CAGR
ROAD
ROAD
Annualised
ROAD
21.9%
-31.8%
ULS

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
ROAD
ROAD
ULS
ULS
Revenue
$769.2M
$340.0M
Net Profit
$9.2M
Gross Margin
12.9%
Operating Margin
4.9%
24.4%
Net Margin
1.2%
Revenue YoY
34.6%
-12.4%
Net Profit YoY
688.7%
EPS (diluted)
$0.16

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
ULS
ULS
Q1 26
$769.2M
$340.0M
Q4 25
$809.5M
$789.0M
Q3 25
$899.8M
$783.0M
Q2 25
$779.3M
$776.0M
Q1 25
$571.6M
$705.0M
Q4 24
$561.6M
$739.0M
Q3 24
$538.2M
$731.0M
Q2 24
$517.8M
$730.0M
Net Profit
ROAD
ROAD
ULS
ULS
Q1 26
$9.2M
Q4 25
$17.2M
$67.0M
Q3 25
$56.6M
$100.0M
Q2 25
$44.0M
$91.0M
Q1 25
$4.2M
$67.0M
Q4 24
$-3.1M
$81.0M
Q3 24
$29.3M
$88.0M
Q2 24
$30.9M
$101.0M
Gross Margin
ROAD
ROAD
ULS
ULS
Q1 26
12.9%
Q4 25
15.0%
49.7%
Q3 25
17.7%
50.3%
Q2 25
16.9%
49.4%
Q1 25
12.5%
48.4%
Q4 24
13.6%
47.4%
Q3 24
15.6%
49.0%
Q2 24
16.1%
50.1%
Operating Margin
ROAD
ROAD
ULS
ULS
Q1 26
4.9%
24.4%
Q4 25
6.2%
15.0%
Q3 25
11.2%
19.9%
Q2 25
10.6%
17.9%
Q1 25
4.8%
15.5%
Q4 24
2.5%
15.6%
Q3 24
8.5%
17.8%
Q2 24
8.8%
17.3%
Net Margin
ROAD
ROAD
ULS
ULS
Q1 26
1.2%
Q4 25
2.1%
8.5%
Q3 25
6.3%
12.8%
Q2 25
5.7%
11.7%
Q1 25
0.7%
9.5%
Q4 24
-0.5%
11.0%
Q3 24
5.4%
12.0%
Q2 24
6.0%
13.8%
EPS (diluted)
ROAD
ROAD
ULS
ULS
Q1 26
$0.16
Q4 25
$0.31
$0.33
Q3 25
$1.03
$0.49
Q2 25
$0.79
$0.45
Q1 25
$0.08
$0.33
Q4 24
$-0.06
$0.40
Q3 24
$0.55
$0.44
Q2 24
$0.59
$0.50

Balance Sheet & Financial Strength

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

Metric
ROAD
ROAD
ULS
ULS
Cash + ST InvestmentsLiquidity on hand
$76.9M
Total DebtLower is stronger
$38.5M
Stockholders' EquityBook value
$979.4M
Total Assets
$3.4B
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ROAD
ROAD
ULS
ULS
Q1 26
$76.9M
Q4 25
$104.1M
$295.0M
Q3 25
$156.1M
$255.0M
Q2 25
$114.3M
$272.0M
Q1 25
$101.9M
$267.0M
Q4 24
$132.5M
$298.0M
Q3 24
$74.7M
$327.0M
Q2 24
$56.3M
$295.0M
Total Debt
ROAD
ROAD
ULS
ULS
Q1 26
$38.5M
Q4 25
$491.0M
Q3 25
$1.6B
$544.0M
Q2 25
$608.0M
Q1 25
$653.0M
Q4 24
$742.0M
Q3 24
$515.0M
$797.0M
Q2 24
$810.0M
Stockholders' Equity
ROAD
ROAD
ULS
ULS
Q1 26
$979.4M
Q4 25
$969.1M
$1.3B
Q3 25
$912.0M
$1.2B
Q2 25
$853.3M
$1.1B
Q1 25
$807.9M
$970.0M
Q4 24
$811.1M
$904.0M
Q3 24
$573.7M
$872.0M
Q2 24
$552.9M
$769.0M
Total Assets
ROAD
ROAD
ULS
ULS
Q1 26
$3.4B
Q4 25
$3.4B
$2.9B
Q3 25
$3.2B
$2.9B
Q2 25
$2.9B
$2.9B
Q1 25
$2.8B
$2.9B
Q4 24
$2.6B
$2.8B
Q3 24
$1.5B
$2.9B
Q2 24
$1.4B
$2.7B
Debt / Equity
ROAD
ROAD
ULS
ULS
Q1 26
0.04×
Q4 25
0.39×
Q3 25
1.78×
0.46×
Q2 25
0.56×
Q1 25
0.67×
Q4 24
0.82×
Q3 24
0.90×
0.91×
Q2 24
1.05×

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
ULS
ULS
Operating Cash FlowLast quarter
$147.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
16.10×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ROAD
ROAD
ULS
ULS
Q1 26
$147.8M
Q4 25
$82.6M
$144.0M
Q3 25
$112.0M
$155.0M
Q2 25
$83.0M
$147.0M
Q1 25
$55.6M
$154.0M
Q4 24
$40.7M
$130.0M
Q3 24
$95.9M
$150.0M
Q2 24
$34.6M
$103.0M
Free Cash Flow
ROAD
ROAD
ULS
ULS
Q1 26
Q4 25
$47.1M
$86.0M
Q3 25
$78.9M
$109.0M
Q2 25
$46.4M
$105.0M
Q1 25
$14.2M
$103.0M
Q4 24
$13.8M
$72.0M
Q3 24
$78.4M
$84.0M
Q2 24
$19.7M
$47.0M
FCF Margin
ROAD
ROAD
ULS
ULS
Q1 26
Q4 25
5.8%
10.9%
Q3 25
8.8%
13.9%
Q2 25
5.9%
13.5%
Q1 25
2.5%
14.6%
Q4 24
2.5%
9.7%
Q3 24
14.6%
11.5%
Q2 24
3.8%
6.4%
Capex Intensity
ROAD
ROAD
ULS
ULS
Q1 26
Q4 25
4.4%
7.4%
Q3 25
3.7%
5.9%
Q2 25
4.7%
5.4%
Q1 25
7.2%
7.2%
Q4 24
4.8%
7.8%
Q3 24
3.3%
9.0%
Q2 24
2.9%
7.7%
Cash Conversion
ROAD
ROAD
ULS
ULS
Q1 26
16.10×
Q4 25
4.80×
2.15×
Q3 25
1.98×
1.55×
Q2 25
1.88×
1.62×
Q1 25
13.20×
2.30×
Q4 24
1.60×
Q3 24
3.27×
1.70×
Q2 24
1.12×
1.02×

Financial Flow Comparison

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

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