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

Woodward, Inc. is the larger business by last-quarter revenue ($996.5M vs $809.5M, roughly 1.2× Construction Partners, Inc.). Woodward, Inc. runs the higher net margin — 13.4% vs 2.1%, a 11.3% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 29.0%). Woodward, Inc. produced more free cash flow last quarter ($70.3M vs $47.1M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 9.2%).

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.

Woodward, Inc. is an American designer, manufacturer, and service provider of control systems and control system components for aircraft, aircraft engines, industrial engines and turbines, power generation and mobile industrial equipment. The company also provides military devices and other equipment for defense.

ROAD vs WWD — Head-to-Head

Bigger by revenue
WWD
WWD
1.2× larger
WWD
$996.5M
$809.5M
ROAD
Growing faster (revenue YoY)
ROAD
ROAD
+15.2% gap
ROAD
44.1%
29.0%
WWD
Higher net margin
WWD
WWD
11.3% more per $
WWD
13.4%
2.1%
ROAD
More free cash flow
WWD
WWD
$23.2M more FCF
WWD
$70.3M
$47.1M
ROAD
Faster 2-yr revenue CAGR
ROAD
ROAD
Annualised
ROAD
47.6%
9.2%
WWD

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ROAD
ROAD
WWD
WWD
Revenue
$809.5M
$996.5M
Net Profit
$17.2M
$133.7M
Gross Margin
15.0%
29.3%
Operating Margin
6.2%
17.0%
Net Margin
2.1%
13.4%
Revenue YoY
44.1%
29.0%
Net Profit YoY
663.9%
53.5%
EPS (diluted)
$0.31
$2.17

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
WWD
WWD
Q4 25
$809.5M
$996.5M
Q3 25
$899.8M
$995.3M
Q2 25
$779.3M
$915.4M
Q1 25
$571.6M
$883.6M
Q4 24
$561.6M
$772.7M
Q3 24
$538.2M
$854.5M
Q2 24
$517.8M
$847.7M
Q1 24
$371.4M
$835.3M
Net Profit
ROAD
ROAD
WWD
WWD
Q4 25
$17.2M
$133.7M
Q3 25
$56.6M
$137.6M
Q2 25
$44.0M
$108.4M
Q1 25
$4.2M
$108.9M
Q4 24
$-3.1M
$87.1M
Q3 24
$29.3M
$83.3M
Q2 24
$30.9M
$102.1M
Q1 24
$-1.1M
$97.6M
Gross Margin
ROAD
ROAD
WWD
WWD
Q4 25
15.0%
29.3%
Q3 25
17.7%
27.9%
Q2 25
16.9%
27.2%
Q1 25
12.5%
27.2%
Q4 24
13.6%
24.5%
Q3 24
15.6%
24.3%
Q2 24
16.1%
27.1%
Q1 24
10.4%
28.1%
Operating Margin
ROAD
ROAD
WWD
WWD
Q4 25
6.2%
17.0%
Q3 25
11.2%
16.1%
Q2 25
10.6%
13.9%
Q1 25
4.8%
15.0%
Q4 24
2.5%
13.2%
Q3 24
8.5%
11.9%
Q2 24
8.8%
14.4%
Q1 24
0.8%
14.4%
Net Margin
ROAD
ROAD
WWD
WWD
Q4 25
2.1%
13.4%
Q3 25
6.3%
13.8%
Q2 25
5.7%
11.8%
Q1 25
0.7%
12.3%
Q4 24
-0.5%
11.3%
Q3 24
5.4%
9.7%
Q2 24
6.0%
12.0%
Q1 24
-0.3%
11.7%
EPS (diluted)
ROAD
ROAD
WWD
WWD
Q4 25
$0.31
$2.17
Q3 25
$1.03
$2.23
Q2 25
$0.79
$1.76
Q1 25
$0.08
$1.78
Q4 24
$-0.06
$1.42
Q3 24
$0.55
$1.36
Q2 24
$0.59
$1.63
Q1 24
$-0.02
$1.56

Balance Sheet & Financial Strength

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

Metric
ROAD
ROAD
WWD
WWD
Cash + ST InvestmentsLiquidity on hand
$104.1M
$454.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$969.1M
$2.6B
Total Assets
$3.4B
$4.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ROAD
ROAD
WWD
WWD
Q4 25
$104.1M
$454.2M
Q3 25
$156.1M
$327.4M
Q2 25
$114.3M
$473.2M
Q1 25
$101.9M
$364.1M
Q4 24
$132.5M
$283.7M
Q3 24
$74.7M
$282.3M
Q2 24
$56.3M
$308.3M
Q1 24
$48.0M
$316.9M
Total Debt
ROAD
ROAD
WWD
WWD
Q4 25
Q3 25
$1.6B
$579.9M
Q2 25
Q1 25
Q4 24
Q3 24
$515.0M
$655.5M
Q2 24
Q1 24
Stockholders' Equity
ROAD
ROAD
WWD
WWD
Q4 25
$969.1M
$2.6B
Q3 25
$912.0M
$2.6B
Q2 25
$853.3M
$2.5B
Q1 25
$807.9M
$2.3B
Q4 24
$811.1M
$2.2B
Q3 24
$573.7M
$2.2B
Q2 24
$552.9M
$2.2B
Q1 24
$525.0M
$2.3B
Total Assets
ROAD
ROAD
WWD
WWD
Q4 25
$3.4B
$4.7B
Q3 25
$3.2B
$4.6B
Q2 25
$2.9B
$4.7B
Q1 25
$2.8B
$4.5B
Q4 24
$2.6B
$4.3B
Q3 24
$1.5B
$4.4B
Q2 24
$1.4B
$4.3B
Q1 24
$1.3B
$4.4B
Debt / Equity
ROAD
ROAD
WWD
WWD
Q4 25
Q3 25
1.78×
0.23×
Q2 25
Q1 25
Q4 24
Q3 24
0.90×
0.30×
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
WWD
WWD
Operating Cash FlowLast quarter
$82.6M
$114.4M
Free Cash FlowOCF − Capex
$47.1M
$70.3M
FCF MarginFCF / Revenue
5.8%
7.1%
Capex IntensityCapex / Revenue
4.4%
4.4%
Cash ConversionOCF / Net Profit
4.80×
0.86×
TTM Free Cash FlowTrailing 4 quarters
$186.6M
$409.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ROAD
ROAD
WWD
WWD
Q4 25
$82.6M
$114.4M
Q3 25
$112.0M
$233.3M
Q2 25
$83.0M
$125.6M
Q1 25
$55.6M
$77.8M
Q4 24
$40.7M
$34.5M
Q3 24
$95.9M
$141.8M
Q2 24
$34.6M
$153.2M
Q1 24
$18.2M
$97.3M
Free Cash Flow
ROAD
ROAD
WWD
WWD
Q4 25
$47.1M
$70.3M
Q3 25
$78.9M
$180.9M
Q2 25
$46.4M
$99.1M
Q1 25
$14.2M
$59.4M
Q4 24
$13.8M
$942.0K
Q3 24
$78.4M
$117.7M
Q2 24
$19.7M
$137.3M
Q1 24
$-10.6M
$82.8M
FCF Margin
ROAD
ROAD
WWD
WWD
Q4 25
5.8%
7.1%
Q3 25
8.8%
18.2%
Q2 25
5.9%
10.8%
Q1 25
2.5%
6.7%
Q4 24
2.5%
0.1%
Q3 24
14.6%
13.8%
Q2 24
3.8%
16.2%
Q1 24
-2.8%
9.9%
Capex Intensity
ROAD
ROAD
WWD
WWD
Q4 25
4.4%
4.4%
Q3 25
3.7%
5.3%
Q2 25
4.7%
2.9%
Q1 25
7.2%
2.1%
Q4 24
4.8%
4.3%
Q3 24
3.3%
2.8%
Q2 24
2.9%
1.9%
Q1 24
7.7%
1.7%
Cash Conversion
ROAD
ROAD
WWD
WWD
Q4 25
4.80×
0.86×
Q3 25
1.98×
1.70×
Q2 25
1.88×
1.16×
Q1 25
13.20×
0.71×
Q4 24
0.40×
Q3 24
3.27×
1.70×
Q2 24
1.12×
1.50×
Q1 24
1.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ROAD
ROAD

Segment breakdown not available.

WWD
WWD

Transferred At Point In Time$253.6M25%
Commercial OEM$187.9M19%
Transportation$166.3M17%
Defense OEM$138.2M14%
Power Generation$122.8M12%
Oil And Gas$72.4M7%
Defense Aftermarket$63.8M6%

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