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

Worthington Steel, Inc. is the larger business by last-quarter revenue ($871.9M vs $809.5M, roughly 1.1× Construction Partners, Inc.). Worthington Steel, Inc. runs the higher net margin — 2.2% vs 2.1%, a 0.0% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 18.0%). Worthington Steel, Inc. produced more free cash flow last quarter ($74.6M vs $47.1M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 3.9%).

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.

Worthington Enterprises, Inc. is an American industrial manufacturing company headquartered in Columbus, Ohio. The company is composed of two business segments, consumer products and building products. Within these segments, the company designs and manufactures pressure vessels such as propane, oxygen and helium tanks, refrigerant and industrial cylinders, camping and residential use cylinders, water system tanks for storage, treatment, heating, expansion and flow control, as well as a variet...

ROAD vs WS — Head-to-Head

Bigger by revenue
WS
WS
1.1× larger
WS
$871.9M
$809.5M
ROAD
Growing faster (revenue YoY)
ROAD
ROAD
+26.2% gap
ROAD
44.1%
18.0%
WS
Higher net margin
WS
WS
0.0% more per $
WS
2.2%
2.1%
ROAD
More free cash flow
WS
WS
$27.5M more FCF
WS
$74.6M
$47.1M
ROAD
Faster 2-yr revenue CAGR
ROAD
ROAD
Annualised
ROAD
47.6%
3.9%
WS

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
ROAD
ROAD
WS
WS
Revenue
$809.5M
$871.9M
Net Profit
$17.2M
$18.8M
Gross Margin
15.0%
10.7%
Operating Margin
6.2%
2.5%
Net Margin
2.1%
2.2%
Revenue YoY
44.1%
18.0%
Net Profit YoY
663.9%
46.9%
EPS (diluted)
$0.31
$0.37

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
WS
WS
Q4 25
$809.5M
$871.9M
Q3 25
$899.8M
$872.9M
Q2 25
$779.3M
$832.9M
Q1 25
$571.6M
$687.4M
Q4 24
$561.6M
$739.0M
Q3 24
$538.2M
$834.0M
Q2 24
$517.8M
Q1 24
$371.4M
$805.8M
Net Profit
ROAD
ROAD
WS
WS
Q4 25
$17.2M
$18.8M
Q3 25
$56.6M
$36.8M
Q2 25
$44.0M
$55.7M
Q1 25
$4.2M
$13.8M
Q4 24
$-3.1M
$12.8M
Q3 24
$29.3M
$28.4M
Q2 24
$30.9M
Q1 24
$-1.1M
$49.0M
Gross Margin
ROAD
ROAD
WS
WS
Q4 25
15.0%
10.7%
Q3 25
17.7%
13.2%
Q2 25
16.9%
15.2%
Q1 25
12.5%
11.8%
Q4 24
13.6%
10.8%
Q3 24
15.6%
12.0%
Q2 24
16.1%
Q1 24
10.4%
14.9%
Operating Margin
ROAD
ROAD
WS
WS
Q4 25
6.2%
2.5%
Q3 25
11.2%
5.5%
Q2 25
10.6%
8.0%
Q1 25
4.8%
2.7%
Q4 24
2.5%
2.6%
Q3 24
8.5%
5.2%
Q2 24
8.8%
Q1 24
0.8%
8.2%
Net Margin
ROAD
ROAD
WS
WS
Q4 25
2.1%
2.2%
Q3 25
6.3%
4.2%
Q2 25
5.7%
6.7%
Q1 25
0.7%
2.0%
Q4 24
-0.5%
1.7%
Q3 24
5.4%
3.4%
Q2 24
6.0%
Q1 24
-0.3%
6.1%
EPS (diluted)
ROAD
ROAD
WS
WS
Q4 25
$0.31
$0.37
Q3 25
$1.03
$0.72
Q2 25
$0.79
$1.11
Q1 25
$0.08
$0.27
Q4 24
$-0.06
$0.25
Q3 24
$0.55
$0.56
Q2 24
$0.59
Q1 24
$-0.02
$0.98

Balance Sheet & Financial Strength

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

Metric
ROAD
ROAD
WS
WS
Cash + ST InvestmentsLiquidity on hand
$104.1M
$89.8M
Total DebtLower is stronger
$72.1M
Stockholders' EquityBook value
$969.1M
$1.1B
Total Assets
$3.4B
$2.1B
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ROAD
ROAD
WS
WS
Q4 25
$104.1M
$89.8M
Q3 25
$156.1M
$78.3M
Q2 25
$114.3M
$38.0M
Q1 25
$101.9M
$63.3M
Q4 24
$132.5M
$52.0M
Q3 24
$74.7M
$36.0M
Q2 24
$56.3M
Q1 24
$48.0M
$60.8M
Total Debt
ROAD
ROAD
WS
WS
Q4 25
$72.1M
Q3 25
$1.6B
$73.4M
Q2 25
$151.5M
Q1 25
Q4 24
$115.0M
Q3 24
$515.0M
$122.2M
Q2 24
Q1 24
$147.2M
Stockholders' Equity
ROAD
ROAD
WS
WS
Q4 25
$969.1M
$1.1B
Q3 25
$912.0M
$1.1B
Q2 25
$853.3M
$1.1B
Q1 25
$807.9M
$1.0B
Q4 24
$811.1M
$1.0B
Q3 24
$573.7M
$1.0B
Q2 24
$552.9M
Q1 24
$525.0M
$937.6M
Total Assets
ROAD
ROAD
WS
WS
Q4 25
$3.4B
$2.1B
Q3 25
$3.2B
$2.2B
Q2 25
$2.9B
$2.0B
Q1 25
$2.8B
$1.8B
Q4 24
$2.6B
$1.7B
Q3 24
$1.5B
$1.8B
Q2 24
$1.4B
Q1 24
$1.3B
$1.8B
Debt / Equity
ROAD
ROAD
WS
WS
Q4 25
0.06×
Q3 25
1.78×
0.07×
Q2 25
0.14×
Q1 25
Q4 24
0.11×
Q3 24
0.90×
0.12×
Q2 24
Q1 24
0.16×

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
WS
WS
Operating Cash FlowLast quarter
$82.6M
$99.3M
Free Cash FlowOCF − Capex
$47.1M
$74.6M
FCF MarginFCF / Revenue
5.8%
8.6%
Capex IntensityCapex / Revenue
4.4%
2.8%
Cash ConversionOCF / Net Profit
4.80×
5.28×
TTM Free Cash FlowTrailing 4 quarters
$186.6M
$72.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ROAD
ROAD
WS
WS
Q4 25
$82.6M
$99.3M
Q3 25
$112.0M
$-6.3M
Q2 25
$83.0M
$53.9M
Q1 25
$55.6M
$53.8M
Q4 24
$40.7M
$68.0M
Q3 24
$95.9M
$54.6M
Q2 24
$34.6M
Q1 24
$18.2M
$44.7M
Free Cash Flow
ROAD
ROAD
WS
WS
Q4 25
$47.1M
$74.6M
Q3 25
$78.9M
$-35.7M
Q2 25
$46.4M
$8.4M
Q1 25
$14.2M
$25.2M
Q4 24
$13.8M
$33.2M
Q3 24
$78.4M
$33.1M
Q2 24
$19.7M
Q1 24
$-10.6M
$22.3M
FCF Margin
ROAD
ROAD
WS
WS
Q4 25
5.8%
8.6%
Q3 25
8.8%
-4.1%
Q2 25
5.9%
1.0%
Q1 25
2.5%
3.7%
Q4 24
2.5%
4.5%
Q3 24
14.6%
4.0%
Q2 24
3.8%
Q1 24
-2.8%
2.8%
Capex Intensity
ROAD
ROAD
WS
WS
Q4 25
4.4%
2.8%
Q3 25
3.7%
3.4%
Q2 25
4.7%
5.5%
Q1 25
7.2%
4.2%
Q4 24
4.8%
4.7%
Q3 24
3.3%
2.6%
Q2 24
2.9%
Q1 24
7.7%
2.8%
Cash Conversion
ROAD
ROAD
WS
WS
Q4 25
4.80×
5.28×
Q3 25
1.98×
-0.17×
Q2 25
1.88×
0.97×
Q1 25
13.20×
3.90×
Q4 24
5.31×
Q3 24
3.27×
1.92×
Q2 24
1.12×
Q1 24
0.91×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ROAD
ROAD

Segment breakdown not available.

WS
WS

Direct$844.1M97%
Toll$27.8M3%

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