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Side-by-side financial comparison of Construction Partners, Inc. (ROAD) and West Pharmaceutical Services (WST). Click either name above to swap in a different company.

Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $805.0M, roughly 1.0× West Pharmaceutical Services). West Pharmaceutical Services runs the higher net margin — 16.4% vs 2.1%, a 14.3% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 7.5%). West Pharmaceutical Services produced more free cash flow last quarter ($175.0M vs $47.1M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 7.6%).

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.

West Pharmaceutical Services, Inc. is a designer and manufacturer of injectable pharmaceutical packaging and delivery systems. Founded in 1923 by Herman O. West and J.R. Wike of Philadelphia, the company is headquartered in Exton, Pennsylvania. In its early years of development, West produced rubber components for packaging injectable drugs, providing a sterile environment for the producers of penicillin and insulin.

ROAD vs WST — Head-to-Head

Bigger by revenue
ROAD
ROAD
1.0× larger
ROAD
$809.5M
$805.0M
WST
Growing faster (revenue YoY)
ROAD
ROAD
+36.6% gap
ROAD
44.1%
7.5%
WST
Higher net margin
WST
WST
14.3% more per $
WST
16.4%
2.1%
ROAD
More free cash flow
WST
WST
$127.9M more FCF
WST
$175.0M
$47.1M
ROAD
Faster 2-yr revenue CAGR
ROAD
ROAD
Annualised
ROAD
47.6%
7.6%
WST

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ROAD
ROAD
WST
WST
Revenue
$809.5M
$805.0M
Net Profit
$17.2M
$132.1M
Gross Margin
15.0%
37.8%
Operating Margin
6.2%
19.5%
Net Margin
2.1%
16.4%
Revenue YoY
44.1%
7.5%
Net Profit YoY
663.9%
1.5%
EPS (diluted)
$0.31
$1.82

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
WST
WST
Q4 25
$809.5M
$805.0M
Q3 25
$899.8M
$804.6M
Q2 25
$779.3M
$766.5M
Q1 25
$571.6M
$698.0M
Q4 24
$561.6M
$748.8M
Q3 24
$538.2M
$746.9M
Q2 24
$517.8M
$702.1M
Q1 24
$371.4M
$695.4M
Net Profit
ROAD
ROAD
WST
WST
Q4 25
$17.2M
$132.1M
Q3 25
$56.6M
$140.0M
Q2 25
$44.0M
$131.8M
Q1 25
$4.2M
$89.8M
Q4 24
$-3.1M
$130.1M
Q3 24
$29.3M
$136.0M
Q2 24
$30.9M
$111.3M
Q1 24
$-1.1M
$115.3M
Gross Margin
ROAD
ROAD
WST
WST
Q4 25
15.0%
37.8%
Q3 25
17.7%
36.6%
Q2 25
16.9%
35.7%
Q1 25
12.5%
33.2%
Q4 24
13.6%
36.5%
Q3 24
15.6%
35.4%
Q2 24
16.1%
32.8%
Q1 24
10.4%
33.1%
Operating Margin
ROAD
ROAD
WST
WST
Q4 25
6.2%
19.5%
Q3 25
11.2%
20.8%
Q2 25
10.6%
20.1%
Q1 25
4.8%
15.3%
Q4 24
2.5%
21.3%
Q3 24
8.5%
21.6%
Q2 24
8.8%
18.0%
Q1 24
0.8%
17.7%
Net Margin
ROAD
ROAD
WST
WST
Q4 25
2.1%
16.4%
Q3 25
6.3%
17.4%
Q2 25
5.7%
17.2%
Q1 25
0.7%
12.9%
Q4 24
-0.5%
17.4%
Q3 24
5.4%
18.2%
Q2 24
6.0%
15.9%
Q1 24
-0.3%
16.6%
EPS (diluted)
ROAD
ROAD
WST
WST
Q4 25
$0.31
$1.82
Q3 25
$1.03
$1.92
Q2 25
$0.79
$1.82
Q1 25
$0.08
$1.23
Q4 24
$-0.06
$1.78
Q3 24
$0.55
$1.85
Q2 24
$0.59
$1.51
Q1 24
$-0.02
$1.55

Balance Sheet & Financial Strength

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

Metric
ROAD
ROAD
WST
WST
Cash + ST InvestmentsLiquidity on hand
$104.1M
$791.3M
Total DebtLower is stronger
$202.8M
Stockholders' EquityBook value
$969.1M
$3.2B
Total Assets
$3.4B
$4.3B
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ROAD
ROAD
WST
WST
Q4 25
$104.1M
$791.3M
Q3 25
$156.1M
$628.5M
Q2 25
$114.3M
$509.7M
Q1 25
$101.9M
$404.2M
Q4 24
$132.5M
$484.6M
Q3 24
$74.7M
$490.9M
Q2 24
$56.3M
$446.2M
Q1 24
$48.0M
$601.8M
Total Debt
ROAD
ROAD
WST
WST
Q4 25
$202.8M
Q3 25
$1.6B
$202.7M
Q2 25
$202.6M
Q1 25
$202.6M
Q4 24
$202.6M
Q3 24
$515.0M
$202.6M
Q2 24
$205.8M
Q1 24
$206.2M
Stockholders' Equity
ROAD
ROAD
WST
WST
Q4 25
$969.1M
$3.2B
Q3 25
$912.0M
$3.1B
Q2 25
$853.3M
$2.9B
Q1 25
$807.9M
$2.7B
Q4 24
$811.1M
$2.7B
Q3 24
$573.7M
$2.8B
Q2 24
$552.9M
$2.6B
Q1 24
$525.0M
$2.7B
Total Assets
ROAD
ROAD
WST
WST
Q4 25
$3.4B
$4.3B
Q3 25
$3.2B
$4.1B
Q2 25
$2.9B
$4.0B
Q1 25
$2.8B
$3.6B
Q4 24
$2.6B
$3.6B
Q3 24
$1.5B
$3.7B
Q2 24
$1.4B
$3.5B
Q1 24
$1.3B
$3.6B
Debt / Equity
ROAD
ROAD
WST
WST
Q4 25
0.06×
Q3 25
1.78×
0.07×
Q2 25
0.07×
Q1 25
0.08×
Q4 24
0.08×
Q3 24
0.90×
0.07×
Q2 24
0.08×
Q1 24
0.08×

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
WST
WST
Operating Cash FlowLast quarter
$82.6M
$251.1M
Free Cash FlowOCF − Capex
$47.1M
$175.0M
FCF MarginFCF / Revenue
5.8%
21.7%
Capex IntensityCapex / Revenue
4.4%
9.5%
Cash ConversionOCF / Net Profit
4.80×
1.90×
TTM Free Cash FlowTrailing 4 quarters
$186.6M
$468.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ROAD
ROAD
WST
WST
Q4 25
$82.6M
$251.1M
Q3 25
$112.0M
$197.2M
Q2 25
$83.0M
$177.1M
Q1 25
$55.6M
$129.4M
Q4 24
$40.7M
$190.1M
Q3 24
$95.9M
$180.1M
Q2 24
$34.6M
$165.0M
Q1 24
$18.2M
$118.2M
Free Cash Flow
ROAD
ROAD
WST
WST
Q4 25
$47.1M
$175.0M
Q3 25
$78.9M
$133.9M
Q2 25
$46.4M
$101.9M
Q1 25
$14.2M
$58.1M
Q4 24
$13.8M
$85.2M
Q3 24
$78.4M
$98.8M
Q2 24
$19.7M
$64.8M
Q1 24
$-10.6M
$27.6M
FCF Margin
ROAD
ROAD
WST
WST
Q4 25
5.8%
21.7%
Q3 25
8.8%
16.6%
Q2 25
5.9%
13.3%
Q1 25
2.5%
8.3%
Q4 24
2.5%
11.4%
Q3 24
14.6%
13.2%
Q2 24
3.8%
9.2%
Q1 24
-2.8%
4.0%
Capex Intensity
ROAD
ROAD
WST
WST
Q4 25
4.4%
9.5%
Q3 25
3.7%
7.9%
Q2 25
4.7%
9.8%
Q1 25
7.2%
10.2%
Q4 24
4.8%
14.0%
Q3 24
3.3%
10.9%
Q2 24
2.9%
14.3%
Q1 24
7.7%
13.0%
Cash Conversion
ROAD
ROAD
WST
WST
Q4 25
4.80×
1.90×
Q3 25
1.98×
1.41×
Q2 25
1.88×
1.34×
Q1 25
13.20×
1.44×
Q4 24
1.46×
Q3 24
3.27×
1.32×
Q2 24
1.12×
1.48×
Q1 24
1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ROAD
ROAD

Segment breakdown not available.

WST
WST

Proprietary Products$661.8M82%
Contract Manufactured Products$143.2M18%
Affiliated Entity$3.3M0%

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