Arcosa, Inc. ACA
General Description of Business. Arcosa, Inc. and its consolidated subsidiaries ("Arcosa," "Company," "we," or "our"), headquartered in Dallas, Texas, is a provider of infrastructure-related products and solutions with leading brands serving construction, engineered structures, and transportation markets in North America. Arcosa is a Delaware corporation and was incorporated in 2018. Our individual businesses have built reputations for quality, service, and operational excellence over decades. Arcosa serves a broad spectrum of infrastructure-related markets and is strategically focused on driving organic and disciplined acquisition growth to capitalize on the fragmented nature of many of the industries in which we operate. With Arcosa's current platform of businesses and additional growth opportunities, we are well-aligned with key market trends, such as the replacement and growth of aging transportation infrastructure, investments in grid-hardening and connecting renewables to the grid, and the expansion of data centers and rise in electricity consumption.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.88B | $2.57B | $2.31B | $2.24B | $2.04B | $1.94B | $1.74B | $1.46B | $1.46B | $1.70B |
| Cost of revenue | $2.24B | $2.05B | $1.86B | $1.83B | $1.68B | $1.55B | $1.40B | $1.19B | $1.17B | $1.36B |
| Gross profit | $647.2M | $515.2M | $443.8M | $411.1M | $355.9M | $382.0M | $332.4M | $272.0M | $294.7M | $348.1M |
| SG&A | $307.1M | $320.0M | $261.1M | $262.8M | $256.0M | $223.1M | $179.5M | $153.9M | $163.0M | $147.3M |
| Total operating expenses | $305.3M | $317.6M | $226.5M | $1.89B | $1.93B | $1.78B | $1.58B | $1.37B | $1.33B | $1.50B |
| Operating income | $341.9M | $197.6M | $217.3M | $349.0M | $107.3M | $151.8M | $152.9M | $94.9M | $131.7M | $200.8M |
| Interest expense | $108.8M | $70.9M | $28.1M | $31.0M | $23.4M | $10.6M | $6.8M | $900.0K | $0 | $0 |
| Pre-tax income | $241.3M | $130.0M | $195.9M | $316.2M | $83.6M | $138.2M | $146.8M | $95.0M | $130.1M | $197.2M |
| Income tax | $32.9M | $36.3M | $36.7M | $70.4M | $14.0M | $31.6M | $33.5M | $19.3M | $40.4M | $74.2M |
| Net income | $208.4M | $93.7M | $159.2M | $245.8M | $69.6M | $106.6M | $113.3M | $75.7M | $89.7M | $123.0M |
| EPS, basic | 4.25 | 1.92 | 3.27 | 5.08 | 1.44 | 2.20 | 2.34 | 1.55 | 1.84 | 2.52 |
| EPS, diluted | 4.24 | 1.91 | 3.26 | 5.05 | 1.42 | 2.18 | 2.32 | 1.54 | 1.84 | 2.52 |
| Shares, diluted (wtd. avg.) | $49.0M | $48.8M | $48.7M | $48.5M | $48.6M | $48.5M | $48.4M | $48.9M | $48.8M | $48.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $214.6M | $187.3M | $104.8M | $160.4M | $72.9M | $95.8M | $240.4M | $99.4M | $6.8M | $14.0M |
| Receivables | $417.7M | $350.2M | $357.1M | $334.2M | $310.8M | $260.2M | $200.0M | $291.4M | $165.3M | — |
| Inventory | $424.2M | $359.9M | $401.8M | $315.8M | $324.5M | $276.8M | $283.3M | $252.5M | $246.8M | — |
| Total current assets | $1.11B | $954.0M | $912.0M | $856.8M | $767.9M | $664.9M | $757.2M | $667.4M | $428.8M | — |
| Property, plant and equipment | $2.10B | $2.13B | $1.34B | $1.20B | $1.20B | $913.3M | $816.2M | $803.0M | $583.1M | — |
| Goodwill | $1.35B | $1.36B | $990.7M | $958.5M | $934.9M | $794.0M | $621.9M | $615.2M | $494.3M | — |
| Other intangibles | $310.8M | $338.3M | $270.7M | $256.1M | $220.3M | $212.9M | $51.7M | $55.2M | $64.4M | — |
| Total assets | $4.99B | $4.92B | $3.58B | $3.34B | $3.19B | $2.65B | $2.30B | $2.17B | $1.60B | $1.53B |
| Accounts payable | $259.3M | $237.3M | $272.5M | $190.7M | $184.7M | $144.1M | $90.0M | $86.2M | $56.0M | — |
| Total current liabilities | $503.6M | $516.0M | $431.2M | $367.7M | $364.0M | $310.3M | $284.0M | $209.5M | $174.1M | — |
| Total liabilities | $2.34B | $2.49B | $1.25B | $1.16B | $1.23B | $754.5M | $512.1M | $487.7M | $194.6M | — |
| Retained earnings | $947.3M | $748.9M | $664.9M | $515.5M | $279.5M | $219.7M | $122.9M | $19.5M | $0 | — |
| Total equity | $2.64B | $2.43B | $2.33B | $2.18B | $1.95B | $1.89B | $1.79B | $1.68B | $1.41B | $1.34B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $341.1M | $502.0M | $261.0M | $174.3M | $166.5M | $259.9M | $358.8M | $118.5M | $162.0M | $227.8M |
| Depreciation and amortisation | $223.0M | $195.0M | $159.5M | $154.1M | $144.3M | $114.5M | $85.8M | $67.6M | $65.7M | $65.6M |
| Stock-based compensation | $26.4M | $24.3M | $23.9M | $19.1M | $18.0M | $20.0M | $14.6M | $9.9M | $9.0M | $10.5M |
| Capital expenditure | $165.6M | $189.7M | $203.5M | $138.0M | $85.1M | $82.1M | $85.4M | $44.8M | $82.4M | $84.8M |
| Investing cash flow | -$121.4M | -$1.51B | -$285.8M | $90.7M | -$570.3M | -$528.2M | -$109.4M | -$364.5M | -$126.4M | -$79.8M |
| Financing cash flow | -$192.4M | $1.09B | -$30.8M | -$177.5M | $380.9M | $123.7M | -$108.4M | $338.6M | -$42.8M | -$144.2M |
| Dividends paid | $10.0M | $9.7M | $9.8M | $9.8M | $9.8M | $9.8M | $9.9M | $2.4M | — | — |
| Buybacks | $0 | $0 | $13.8M | $15.0M | $9.4M | $8.0M | $11.0M | $3.0M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001739445-26-000029.
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