Construction Partners vs Sterling Infrastructure
Construction Partners reported revenue of $2.8 billion in fiscal 2025, about the same as Sterling Infrastructure's $2.5 billion in fiscal 2025. Construction Partners' revenue grew 54.2% in its latest year, and Sterling Infrastructure's grew 17.7%. Construction Partners had an operating margin of 8.0%, against 16.3% at Sterling Infrastructure. Free cash flow was $153 million at Construction Partners and $363 million at Sterling Infrastructure. Their fiscal years end in different months (September 30 and December 31), so the periods don't line up exactly.
Side by side
| Construction Partners | Sterling Infrastructure | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 30, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $2.8B | $2.5B |
| Revenue growth | 54.2% | 17.7% |
| Revenue growth a year, last 5 years | 29.1% | 15.2% |
| Gross margin | 15.6% | 23.0% |
| Operating margin | 8.0% | 16.3% |
| Net margin | 3.6% | 11.7% |
| Free cash flow | $153M | $363M |
| Free cash flow margin | 5.5% | 14.6% |
| Return on capital | 10.0% | 40.8% |
| Net debt to EBITDA | 4.0x | −0.2x |
| Dividends and buybacks | $24M | $74M |
| Change in diluted share count | 5.3% | −0.6% |
| Last close | $77.18 | $252.82 |
| P/E at the last close | 30.3× | 14.2× |
| Insider trades, last 12 months | bought $7,970, sold $0 | sold $96.3 million |
| Piotroski F-score | 7 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Construction PartnersSterling Infrastructure
Operating margin
Percent of revenue
Construction PartnersSterling Infrastructure
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Construction PartnersSterling Infrastructure
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Construction Partners and Sterling Infrastructure pages.