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Construction Partners vs Southland: revenue, profit, margins and growth compared

Construction Partners brought in $2.8B of revenue in fiscal 2025, Southland $772.2M in fiscal 2025. Revenue changed by +54.2% at Construction Partners and -21.2% at Southland on the year before, so Construction Partners grew faster. Construction Partners kept 3.6% of its revenue as net profit, Southland -39.7%. Free cash flow was $153.4M at Construction Partners and $12.7M at Southland.

Side by side, latest fiscal year

ROADSLND
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$2.8B$772.2M
Revenue growth+54.2%-21.2%
Net income$101.8M-$306.5M
Net margin3.6%-39.7%
Free cash flow$153.4M$12.7M
Free cash flow margin5.5%1.6%
Earnings per share (diluted)$1.84-$5.67
Cash$156.1M$52.7M
Debt$1.6B$257.7M
Price to earnings50.9n/a
Market value$5.4B$35.9M
Dividend yieldn/an/a
Rank by revenue in sector#187 of 451 · Industrials#288 of 451 · Industrials

Over the years

Revenue
ROAD FY2018: $680.1MROAD FY2019: $783.2MROAD FY2020: $785.7MROAD FY2021: $910.7MROAD FY2022: $1.3BROAD FY2023: $1.6BROAD FY2024: $1.8BROAD FY2025: $2.8BSLND FY2021: $1.3BSLND FY2022: $1.2BSLND FY2023: $1.2BSLND FY2024: $980.2MSLND FY2025: $772.2MFY18FY19FY20FY21FY22FY23FY24FY25
ROAD $2.8BSLND $772.2M
Net income
ROAD FY2018: $50.8MROAD FY2019: $43.1MROAD FY2020: $40.3MROAD FY2021: $20.2MROAD FY2022: $21.4MROAD FY2023: $49MROAD FY2024: $68.9MROAD FY2025: $101.8MSLND FY2021: $38.7MSLND FY2022: $60.5MSLND FY2023: -$19.3MSLND FY2024: -$105.4MSLND FY2025: -$306.5MFY18FY19FY20FY21FY22FY23FY24FY25
ROAD $101.8MSLND -$306.5M
Net margin
ROAD FY2018: 7.5%ROAD FY2019: 5.5%ROAD FY2020: 5.1%ROAD FY2021: 2.2%ROAD FY2022: 1.6%ROAD FY2023: 3.1%ROAD FY2024: 3.8%ROAD FY2025: 3.6%SLND FY2021: 3.0%SLND FY2022: 5.2%SLND FY2023: -1.7%SLND FY2024: -10.7%SLND FY2025: -39.7%FY18FY19FY20FY21FY22FY23FY24FY25
ROAD 3.6%SLND -39.7%
Revenue growth
ROAD FY2019: +15.2%ROAD FY2020: +0.3%ROAD FY2021: +15.9%ROAD FY2022: +42.9%ROAD FY2023: +20.1%ROAD FY2024: +16.7%ROAD FY2025: +54.2%SLND FY2022: -9.2%SLND FY2023: -0.1%SLND FY2024: -15.5%SLND FY2025: -21.2%FY19FY20FY21FY22FY23FY24FY25
ROAD +54.2%SLND -21.2%
Free cash flow
ROAD FY2018: $23.3MROAD FY2019: $12.8MROAD FY2020: $52.6MROAD FY2021: -$7.8MROAD FY2022: -$52.4MROAD FY2023: $59.3MROAD FY2024: $121.1MROAD FY2025: $153.4MSLND FY2021: -$109.4MSLND FY2022: -$71MSLND FY2023: -$21.1MSLND FY2024: -$5.5MSLND FY2025: $12.7MFY18FY19FY20FY21FY22FY23FY24FY25
ROAD $153.4MSLND $12.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Construction Partners and Southland

Which is bigger by revenue, Construction Partners or Southland?

Construction Partners is bigger by revenue: $2.8B in fiscal 2025, against $772.2M for Southland in fiscal 2025.

Which keeps more of its revenue as profit, Construction Partners or Southland?

Construction Partners had a net margin of 3.6% in fiscal 2025; Southland had -39.7% in fiscal 2025.

Which grew revenue faster, Construction Partners or Southland?

In their latest fiscal years revenue changed by +54.2% at Construction Partners and -21.2% at Southland.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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