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Side-by-side financial comparison of Construction Partners, Inc. (ROAD) and WESTERN ALLIANCE BANCORPORATION (WAL). Click either name above to swap in a different company.

WESTERN ALLIANCE BANCORPORATION is the larger business by last-quarter revenue ($1.0B vs $809.5M, roughly 1.3× Construction Partners, Inc.). WESTERN ALLIANCE BANCORPORATION runs the higher net margin — 18.6% vs 2.1%, a 16.4% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 31.0%). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 14.9%).

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.

Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 97th on the Forbes list of America's Best Banks.

ROAD vs WAL — Head-to-Head

Bigger by revenue
WAL
WAL
1.3× larger
WAL
$1.0B
$809.5M
ROAD
Growing faster (revenue YoY)
ROAD
ROAD
+13.2% gap
ROAD
44.1%
31.0%
WAL
Higher net margin
WAL
WAL
16.4% more per $
WAL
18.6%
2.1%
ROAD
Faster 2-yr revenue CAGR
ROAD
ROAD
Annualised
ROAD
47.6%
14.9%
WAL

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ROAD
ROAD
WAL
WAL
Revenue
$809.5M
$1.0B
Net Profit
$17.2M
$189.2M
Gross Margin
15.0%
Operating Margin
6.2%
Net Margin
2.1%
18.6%
Revenue YoY
44.1%
31.0%
Net Profit YoY
663.9%
-5.0%
EPS (diluted)
$0.31
$1.65

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
WAL
WAL
Q1 26
$1.0B
Q4 25
$809.5M
$980.9M
Q3 25
$899.8M
$938.2M
Q2 25
$779.3M
$845.9M
Q1 25
$571.6M
$778.0M
Q4 24
$561.6M
$838.4M
Q3 24
$538.2M
$823.1M
Q2 24
$517.8M
$771.8M
Net Profit
ROAD
ROAD
WAL
WAL
Q1 26
$189.2M
Q4 25
$17.2M
$286.1M
Q3 25
$56.6M
$253.4M
Q2 25
$44.0M
$230.4M
Q1 25
$4.2M
$199.1M
Q4 24
$-3.1M
$216.9M
Q3 24
$29.3M
$199.8M
Q2 24
$30.9M
$193.6M
Gross Margin
ROAD
ROAD
WAL
WAL
Q1 26
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%
Operating Margin
ROAD
ROAD
WAL
WAL
Q1 26
Q4 25
6.2%
36.3%
Q3 25
11.2%
33.4%
Q2 25
10.6%
34.4%
Q1 25
4.8%
31.7%
Q4 24
2.5%
30.9%
Q3 24
8.5%
30.6%
Q2 24
8.8%
32.1%
Net Margin
ROAD
ROAD
WAL
WAL
Q1 26
18.6%
Q4 25
2.1%
29.2%
Q3 25
6.3%
27.0%
Q2 25
5.7%
27.2%
Q1 25
0.7%
25.6%
Q4 24
-0.5%
25.9%
Q3 24
5.4%
24.3%
Q2 24
6.0%
25.1%
EPS (diluted)
ROAD
ROAD
WAL
WAL
Q1 26
$1.65
Q4 25
$0.31
$2.59
Q3 25
$1.03
$2.28
Q2 25
$0.79
$2.07
Q1 25
$0.08
$1.79
Q4 24
$-0.06
$1.94
Q3 24
$0.55
$1.80
Q2 24
$0.59
$1.75

Balance Sheet & Financial Strength

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

Metric
ROAD
ROAD
WAL
WAL
Cash + ST InvestmentsLiquidity on hand
$104.1M
Total DebtLower is stronger
$4.3B
Stockholders' EquityBook value
$969.1M
$7.9B
Total Assets
$3.4B
$98.9B
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ROAD
ROAD
WAL
WAL
Q1 26
Q4 25
$104.1M
Q3 25
$156.1M
Q2 25
$114.3M
Q1 25
$101.9M
Q4 24
$132.5M
Q3 24
$74.7M
Q2 24
$56.3M
Total Debt
ROAD
ROAD
WAL
WAL
Q1 26
$4.3B
Q4 25
$1.4B
Q3 25
$1.6B
$2.9B
Q2 25
$2.9B
Q1 25
$1.6B
Q4 24
$2.4B
Q3 24
$515.0M
$1.4B
Q2 24
$436.0M
Stockholders' Equity
ROAD
ROAD
WAL
WAL
Q1 26
$7.9B
Q4 25
$969.1M
$7.7B
Q3 25
$912.0M
$7.4B
Q2 25
$853.3M
$7.1B
Q1 25
$807.9M
$6.9B
Q4 24
$811.1M
$6.7B
Q3 24
$573.7M
$6.7B
Q2 24
$552.9M
$6.3B
Total Assets
ROAD
ROAD
WAL
WAL
Q1 26
$98.9B
Q4 25
$3.4B
$92.8B
Q3 25
$3.2B
$91.0B
Q2 25
$2.9B
$86.7B
Q1 25
$2.8B
$83.0B
Q4 24
$2.6B
$80.9B
Q3 24
$1.5B
$80.1B
Q2 24
$1.4B
$80.6B
Debt / Equity
ROAD
ROAD
WAL
WAL
Q1 26
0.54×
Q4 25
0.18×
Q3 25
1.78×
0.39×
Q2 25
0.41×
Q1 25
0.23×
Q4 24
0.36×
Q3 24
0.90×
0.21×
Q2 24
0.07×

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
WAL
WAL
Operating Cash FlowLast quarter
$82.6M
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
WAL
WAL
Q1 26
Q4 25
$82.6M
$-2.7B
Q3 25
$112.0M
$-597.4M
Q2 25
$83.0M
$-357.7M
Q1 25
$55.6M
$-1.7B
Q4 24
$40.7M
$-2.7B
Q3 24
$95.9M
$-1.1B
Q2 24
$34.6M
$-745.8M
Free Cash Flow
ROAD
ROAD
WAL
WAL
Q1 26
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
FCF Margin
ROAD
ROAD
WAL
WAL
Q1 26
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%
Capex Intensity
ROAD
ROAD
WAL
WAL
Q1 26
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%
Cash Conversion
ROAD
ROAD
WAL
WAL
Q1 26
Q4 25
4.80×
-9.36×
Q3 25
1.98×
-2.36×
Q2 25
1.88×
-1.55×
Q1 25
13.20×
-8.31×
Q4 24
-12.64×
Q3 24
3.27×
-5.35×
Q2 24
1.12×
-3.85×

Financial Flow Comparison

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

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