Arcosa (ACA)
Market Price (4/9/2026): $112.05 | Market Cap: $5.5 BilSector: Industrials | Industry: Construction & Engineering
Arcosa (ACA)
Market Price (4/9/2026): $112.05Market Cap: $5.5 BilSector: IndustrialsIndustry: Construction & Engineering
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% Low stock price volatilityVol 12M is 36% Megatrend and thematic driversMegatrends include Renewable Energy Transition, Sustainable Infrastructure, and Water Infrastructure. Themes include Wind Energy Development, Show more. | Key risksACA key risks include [1] its significant reliance on government infrastructure spending and [2] potential challenges successfully executing its acquisition-led growth strategy. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Low stock price volatilityVol 12M is 36% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Sustainable Infrastructure, and Water Infrastructure. Themes include Wind Energy Development, Show more. |
| Key risksACA key risks include [1] its significant reliance on government infrastructure spending and [2] potential challenges successfully executing its acquisition-led growth strategy. |
Qualitative Assessment
AI Analysis | Feedback
Arcosa (ACA) stock has gained about 5% since 12/31/2025 because of the following key factors:
1. Mixed Q4 2025 Earnings Performance and Subsequent Stock Revaluation.
Arcosa's stock experienced a significant decline following its Fourth Quarter and Full Year 2025 earnings release on February 26, 2026. Although the company reported an earnings per share (EPS) of $1.15, surpassing consensus estimates of $0.93 to $0.95, its revenue of $716.70 million fell slightly short of analysts' expectations of $719.46 million to $725.624 million. This mixed performance, coupled with details from the earnings call, led to a substantial revaluation, with the stock dropping by 15.15% to 15.70% immediately after the report. The company had reached an all-time high closing price of $128.17 on February 10, 2026, prior to this announcement, and the earnings report initiated a downward correction.
2. Strategic Portfolio Reshaping with Barge Divestiture and Aggregates Acquisition.
Arcosa announced an agreement to divest its inland barge business for $450 million in cash on February 24, 2026, a transaction completed on April 1, 2026. This strategic move aims to reduce complexity and cyclicality, raise the company's overall margin profile, and enhance long-term resiliency by focusing on construction materials and engineered structures. Concurrently, Arcosa completed a $60 million acquisition of a central Florida-based natural aggregates operation in March, expected to be margin accretive. While the divestiture positions Arcosa for future growth in core areas, the removal of the barge business, which contributed $410 million to $430 million in revenue and $70 million to $75 million in Adjusted EBITDA to the 2026 guidance, likely contributed to investor re-evaluation and the stock finding a new equilibrium after the initial post-earnings drop.
Show more
1. Mixed Q4 2025 Earnings Performance and Subsequent Stock Revaluation.
Arcosa's stock experienced a significant decline following its Fourth Quarter and Full Year 2025 earnings release on February 26, 2026. Although the company reported an earnings per share (EPS) of $1.15, surpassing consensus estimates of $0.93 to $0.95, its revenue of $716.70 million fell slightly short of analysts' expectations of $719.46 million to $725.624 million. This mixed performance, coupled with details from the earnings call, led to a substantial revaluation, with the stock dropping by 15.15% to 15.70% immediately after the report. The company had reached an all-time high closing price of $128.17 on February 10, 2026, prior to this announcement, and the earnings report initiated a downward correction.
2. Strategic Portfolio Reshaping with Barge Divestiture and Aggregates Acquisition.
Arcosa announced an agreement to divest its inland barge business for $450 million in cash on February 24, 2026, a transaction completed on April 1, 2026. This strategic move aims to reduce complexity and cyclicality, raise the company's overall margin profile, and enhance long-term resiliency by focusing on construction materials and engineered structures. Concurrently, Arcosa completed a $60 million acquisition of a central Florida-based natural aggregates operation in March, expected to be margin accretive. While the divestiture positions Arcosa for future growth in core areas, the removal of the barge business, which contributed $410 million to $430 million in revenue and $70 million to $75 million in Adjusted EBITDA to the 2026 guidance, likely contributed to investor re-evaluation and the stock finding a new equilibrium after the initial post-earnings drop.
Show more
Stock Movement Drivers
Fundamental Drivers
The 5.4% change in ACA stock from 12/31/2025 to 4/9/2026 was primarily driven by a 37.8% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 4092026 | Change |
|---|---|---|---|
| Stock Price ($) | 106.27 | 112.05 | 5.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,833 | 2,883 | 1.8% |
| Net Income Margin (%) | 5.2% | 7.2% | 37.8% |
| P/E Multiple | 35.0 | 26.3 | -25.0% |
| Shares Outstanding (Mil) | 49 | 49 | 0.2% |
| Cumulative Contribution | 5.4% |
Market Drivers
12/31/2025 to 4/9/2026| Return | Correlation | |
|---|---|---|
| ACA | 5.4% | |
| Market (SPY) | -5.4% | 39.7% |
| Sector (XLI) | 11.0% | 46.5% |
Fundamental Drivers
The 19.7% change in ACA stock from 9/30/2025 to 4/9/2026 was primarily driven by a 109.7% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 4092026 | Change |
|---|---|---|---|
| Stock Price ($) | 93.62 | 112.05 | 19.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,676 | 2,883 | 7.8% |
| Net Income Margin (%) | 3.4% | 7.2% | 109.7% |
| P/E Multiple | 49.7 | 26.3 | -47.0% |
| Shares Outstanding (Mil) | 49 | 49 | 0.0% |
| Cumulative Contribution | 19.7% |
Market Drivers
9/30/2025 to 4/9/2026| Return | Correlation | |
|---|---|---|
| ACA | 19.6% | |
| Market (SPY) | -2.9% | 41.3% |
| Sector (XLI) | 12.0% | 47.2% |
Fundamental Drivers
The 45.6% change in ACA stock from 3/31/2025 to 4/9/2026 was primarily driven by a 98.2% change in the company's Net Income Margin (%).| (LTM values as of) | 3312025 | 4092026 | Change |
|---|---|---|---|
| Stock Price ($) | 76.95 | 112.05 | 45.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,570 | 2,883 | 12.2% |
| Net Income Margin (%) | 3.6% | 7.2% | 98.2% |
| P/E Multiple | 39.9 | 26.3 | -34.1% |
| Shares Outstanding (Mil) | 49 | 49 | -0.6% |
| Cumulative Contribution | 45.6% |
Market Drivers
3/31/2025 to 4/9/2026| Return | Correlation | |
|---|---|---|
| ACA | 45.6% | |
| Market (SPY) | 16.3% | 57.0% |
| Sector (XLI) | 32.8% | 60.9% |
Fundamental Drivers
The 78.8% change in ACA stock from 3/31/2023 to 4/9/2026 was primarily driven by a 114.0% change in the company's P/E Multiple.| (LTM values as of) | 3312023 | 4092026 | Change |
|---|---|---|---|
| Stock Price ($) | 62.66 | 112.05 | 78.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,243 | 2,883 | 28.6% |
| Net Income Margin (%) | 11.0% | 7.2% | -34.1% |
| P/E Multiple | 12.3 | 26.3 | 114.0% |
| Shares Outstanding (Mil) | 48 | 49 | -1.4% |
| Cumulative Contribution | 78.8% |
Market Drivers
3/31/2023 to 4/9/2026| Return | Correlation | |
|---|---|---|
| ACA | 78.8% | |
| Market (SPY) | 63.3% | 54.2% |
| Sector (XLI) | 77.5% | 61.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ACA Return | -4% | 4% | 53% | 17% | 10% | 4% | 104% |
| Peers Return | 45% | -5% | 20% | 22% | 6% | 6% | 127% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 81% |
Monthly Win Rates [3] | |||||||
| ACA Win Rate | 50% | 42% | 75% | 50% | 58% | 50% | |
| Peers Win Rate | 75% | 42% | 50% | 53% | 60% | 70% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| ACA Max Drawdown | -11% | -17% | -4% | -8% | -27% | -5% | |
| Peers Max Drawdown | -2% | -29% | -17% | -6% | -19% | -8% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: VMC, MLM, VMI, TRN, EXP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/9/2026 (YTD)
How Low Can It Go
| Event | ACA | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -36.0% | -25.4% |
| % Gain to Breakeven | 56.3% | 34.1% |
| Time to Breakeven | 445 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -36.8% | -33.9% |
| % Gain to Breakeven | 58.2% | 51.3% |
| Time to Breakeven | 168 days | 148 days |
| 2018 Correction | ||
| % Loss | -29.8% | -19.8% |
| % Gain to Breakeven | 42.4% | 24.7% |
| Time to Breakeven | 71 days | 120 days |
Compare to VMC, MLM, VMI, TRN, EXP
In The Past
Arcosa's stock fell -36.0% during the 2022 Inflation Shock from a high on 2/24/2021. A -36.0% loss requires a 56.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Arcosa (ACA)
Arcosa, Inc., together with its subsidiaries, provides infrastructure-related products and solutions for the construction, energy, and transportation markets in North America. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products. The Construction Products segment offers natural and recycled aggregates; specialty materials; and trench shields and shoring products for residential and non-residential construction, agriculture, specialty building products, as well as for infrastructure related projects. The Engineered Structures segment provides utility structures, wind towers, traffic and lighting structures, telecommunication structures, storage and distribution tanks for electricity transmission and distribution, wind power generation, highway road construction, and wireless communication markets, as well as for gas and liquids storage and transportation for residential, commercial, energy, agriculture, and industrial markets. The Transportation Products segment offers inland barges; fiberglass barge covers, winches, and other components; cast components for industrial and mining sectors; and axles, circular forgings, coupling devices for freight, tank, locomotive, and passenger rail transportation equipment, as well as other industrial uses. Arcosa, Inc. was incorporated in 2018 and is headquartered in Dallas, Texas.
AI Analysis | Feedback
Here are 1-2 brief analogies for Arcosa (ACA):
- Arcosa is like Vulcan Materials (a leading aggregates producer) if they also manufactured large-scale steel structures for power grids, wind farms, and essential components for rail and barges.
- Think of Arcosa as the Magna International for North American infrastructure – a vital, behind-the-scenes supplier of crucial components and structures for everything from roads to power lines and freight transport.
AI Analysis | Feedback
- **Aggregates & Specialty Materials:** Natural and recycled aggregates and other specialized materials for construction projects.
- **Trench Shields & Shoring Products:** Equipment designed to protect workers and support excavations in construction.
- **Utility Structures:** Structures for electricity transmission and distribution.
- **Wind Towers:** Towers supporting wind turbines for power generation.
- **Traffic & Lighting Structures:** Structures for highway road construction, traffic management, and lighting.
- **Telecommunication Structures:** Towers and poles for wireless communication infrastructure.
- **Storage & Distribution Tanks:** Tanks for storing and transporting gas and liquids.
- **Inland Barges:** Vessels used for transporting goods on rivers and canals.
- **Barge Components:** Fiberglass covers, winches, and other parts for barges.
- **Cast Components:** Industrial and mining sector components made through casting.
- **Rail Components:** Axles, forgings, and coupling devices for various rail transportation equipment.
AI Analysis | Feedback
Major Customers of Arcosa (ACA)
Arcosa, Inc. primarily sells its products and solutions to other companies (Business-to-Business) across a diverse range of industries in North America. Based on the company's segments and descriptions of its markets, its major customer categories include:
- Construction and Infrastructure Companies: This category includes general contractors, developers, and government entities involved in residential, non-residential, and large-scale infrastructure projects (e.g., roads, bridges). They are primary buyers of aggregates, specialty materials, trench shields, and shoring products.
- Energy and Utility Companies: This segment comprises electric utility providers, renewable energy developers (particularly in wind power), telecommunication carriers, and oil and gas companies. They procure utility structures, wind towers, telecommunication structures, and storage and distribution tanks.
- Transportation and Industrial Companies: This group includes operators of inland waterways (barge companies), freight and passenger rail service providers, mining companies, and various other industrial manufacturers. They are customers for inland barges, fiberglass barge covers, cast components, axles, forgings, and coupling devices.
AI Analysis | Feedback
nullAI Analysis | Feedback
Antonio Carrillo, President and Chief Executive Officer
Antonio Carrillo was appointed President and Chief Executive Officer of Arcosa in November 2018, concurrent with the company's spin-off from Trinity Industries, Inc.. Prior to leading Arcosa, he served as Senior Vice President and Group President of Construction, Energy, Marine, and Components for Trinity Industries, Inc. from April 2018 to November 2018. From 2012 to February 2018, Mr. Carrillo held the position of Chief Executive Officer at Orbia Advance Corporation (formerly Mexichem S.A.B. de C.V.), a specialty chemicals and construction materials company, where he shifted its focus towards construction materials. Before his time at Orbia, he dedicated 16 years to Trinity Industries, including roles as Senior Vice President and Group President of Trinity's Energy Equipment Group, and was responsible for its operations in Mexico. Mr. Carrillo has also served as a director for Trinity and Dr. Pepper Snapple Group, Inc., and currently sits on the board of NRG Energy. He also served as a Professor of Finance at the Instituto Tecnológico Autónomo de México.
Gail M. Peck, Chief Financial Officer
Gail M. Peck was appointed Chief Financial Officer of Arcosa in May 2021. Before this role, she served as Senior Vice President, Finance and Treasurer at Arcosa from November 2018, when Arcosa became an independent public company, until May 2021. Her career also includes serving as Vice President, Finance and Treasurer for Trinity Industries from 2010 to November 2018, and as Vice President and Treasurer for Centex Corporation, a diversified building company, from 2004 to 2009.
Reid S. Essl, Group President
Reid S. Essl serves as a Group President at Arcosa, with responsibility for the company's Natural Aggregates, Specialty Materials, and Recycled Aggregates businesses. From 2016 until Arcosa's separation from Trinity Industries in November 2018, he was the President of Trinity Construction Materials. Prior to that, from 2013 to 2016, Mr. Essl was the Group Chief Financial Officer for Trinity's Construction, Energy, Marine, and Components businesses. He held various financial, strategic planning, and business development positions during his 14 years at Trinity Industries.
Kerry S. Cole, Group President
Kerry S. Cole is a Group President at Arcosa, overseeing the Barges, Utility Structures, Traffic & Lighting Structures, and Telecom Structures businesses. From 2016 to November 2018, he served as President of Trinity Electrical Products, which encompassed Trinity Structural Towers and Trinity Meyer Utility Structures. He previously served as President of the Trinity Structural Towers business unit from 2007 to 2016, and held various operations and manufacturing leadership positions at Trinity Industries from 2000 to 2007.
Jesse E. Collins, Jr., Group President
Jesse E. Collins, Jr. serves as a Group President at Arcosa, where he oversees the Wind Towers, Construction Site Support, and Transportation Components businesses. From 2016 until November 2018, Mr. Collins was President of Trinity's Parts and Components companies. He was President of Trinity Cryogenics from 2014 to 2016. Earlier in his career, from 2008 to 2013, he was Executive Vice President and Chief Operating Officer at Broadwind Energy. Prior to that, he held various management and executive roles at Trinity Industries from 1993 to 2006. Mr. Collins is scheduled to retire in a few weeks.
AI Analysis | Feedback
Arcosa (ACA) faces several key risks to its business operations. The most significant risks include: 1. **Reliance on Infrastructure Spending and Government Funding**: Arcosa's business is heavily dependent on infrastructure spending, particularly in its construction products and engineered structures segments, which are often influenced by government funding cycles and appropriations. Any slowdown, delay, or shift in federal or state infrastructure spending could significantly impact demand and volumes for the company's products and solutions. 2. **Acquisition and Integration Risks**: A core component of Arcosa's growth strategy involves acquisitions. This strategy presents inherent execution and integration risks, especially if the pace of merger and acquisition activity increases. A failure to realize the anticipated benefits from acquired businesses or the emergence of operational inefficiencies during the integration process could negatively affect Arcosa's financial performance and health. 3. **Economic Downturns and Competitive Pressures**: General economic downturns pose a threat as they can significantly reduce overall infrastructure spending and private non-residential construction activity, leading to fewer orders and intensified competition for projects. Additionally, the infrastructure sector in which Arcosa operates is highly competitive, necessitating continuous innovation and cost-effectiveness to maintain market share.AI Analysis | Feedback
null
AI Analysis | Feedback
Arcosa, Inc. operates in several infrastructure-related markets across North America. The addressable market sizes for its main products and services are as follows:
Construction Products
- Natural and recycled aggregates; specialty materials: The North America construction aggregates market was valued at USD 137.07 billion in 2024 and is anticipated to reach USD 199.20 billion by 2032.
- Trench shields and shoring products: The U.S. trench shoring equipment market was estimated at USD 455.6 million in 2023 and is projected to reach USD 677.0 million by 2030.
Engineered Structures
- Utility structures (utility poles, including transmission and distribution poles): The North America utility poles market generated a revenue of USD 12.15 billion in 2023 and is expected to reach USD 14.39 billion by 2030.
- Wind towers: The North America wind turbine tower market generated a revenue of USD 6,614.0 million in 2024 and is expected to reach USD 10,109.6 million by 2030.
- Traffic and lighting structures (light towers): The North America light tower market was valued at USD 2.20 billion in 2024 and is expected to reach USD 3.31 billion by 2033.
- Traffic and lighting structures (traffic lights): The North America traffic lights market size is valued to increase by USD 763.7 million, at a CAGR of 6.8% from 2024 to 2029.
- Telecommunication structures: The North America telecom network infrastructure market generated a revenue of USD 41.73 billion in 2025 and is expected to reach USD 73.80 billion by 2033.
- Storage and distribution tanks: The North America Storage Tank Market was valued at USD 9.19 billion in 2024 and is expected to reach USD 12.46 billion by 2030.
Transportation Products
- Inland barges: The North America barge transportation market was approximately USD 58.02 billion in 2025.
- Cast components for industrial and mining sectors; and axles, circular forgings, coupling devices for freight, tank, locomotive, and passenger rail transportation equipment: The North America Freight Railcar Parts Market size was USD 4.5 billion in 2024, and is expected to reach USD 9.5 billion by 2034.
AI Analysis | Feedback
Expected Drivers of Future Revenue Growth for Arcosa (ACA)
- Strategic Focus on Construction Materials and Engineered Structures: Arcosa is pivoting its portfolio to concentrate on its higher-margin Construction Materials and Engineered Structures segments. This strategic shift includes the divestiture of its inland barge business, expected to close in the second quarter of 2026, which will simplify the portfolio and enhance the company's overall margin profile and long-term resilience. The company's 2026 guidance anticipates another record year for these growth businesses.
- Increased Infrastructure Spending and Grid Modernization: Arcosa is well-positioned to benefit from a sustained buildout of U.S. infrastructure and grid-related projects. This includes federal, state, and local government spending on essential infrastructure such as roads, highways, bridges, and airports, as well as private investments in road and utility construction. Strong demand is expected from ongoing commitments by utility customers for power investments and modernization of the electrical grid across the United States.
- Robust Demand for Utility Structures: The utility structures business within the Engineered Structures segment is a significant growth driver. This segment has shown strong performance, with a 15% rise in revenue in Q4 2025, primarily driven by a 20% increase in utility and related structures. The company's backlog for utility and related structures provides solid demand visibility into 2026, supported by investments in grid hardening and connecting renewables. Arcosa is also taking measures, such as converting a wind tower facility to produce utility poles, to meet the increasing demand for large utility poles.
- Pricing Growth and Volume Improvement in Aggregates: The Aggregates business, a key component of Construction Products, is expected to continue contributing to revenue growth through favorable pricing and volume increases. In the fourth quarter of 2025, freight-adjusted revenues for Aggregates grew approximately 8%, fueled by a 5% pricing growth and a 2% volume improvement. This trend of higher pricing is anticipated to be a key driver, alongside operational improvements.
- Disciplined Bolt-on Acquisitions: Arcosa plans to utilize capital from the barge business sale to pursue disciplined bolt-on acquisitions. Management intends to focus on strategic acquisitions to generate additional shareholder value, with accretive mergers and acquisitions expected to contribute to margin expansion and volume growth.
AI Analysis | Feedback
Share Repurchases
- Arcosa renewed its $50 million share repurchase program, effective from January 1, 2025, through December 31, 2026, replacing a program of the same amount that was set to expire on December 31, 2024.
- For the year ended December 31, 2025, Arcosa did not repurchase any shares, leaving the full $50 million authorization available.
- During the year ended December 31, 2023, the company repurchased 200,000 shares at a cost of $13.8 million.
Share Issuance
- Arcosa's annual basic shares outstanding increased by 0.21% in 2024 to $0.049 billion, following a 0.62% increase in 2023 from 2022, and a 0.21% increase in 2022 from 2021.
Outbound Investments
- On October 1, 2024, Arcosa acquired the construction materials business of Stavola Holding Corporation for $1.2 billion in cash, expanding its aggregates platform in the New York-New Jersey Metropolitan Statistical Area.
- In March 2024, Arcosa acquired Ameron Pole Products, a manufacturer of poles for lighting and traffic structures, for $180 million.
- Arcosa completed the divestiture of its steel components business in August 2024 and announced an agreement in February 2026 to sell its inland barge and marine components business.
Capital Expenditures
- Arcosa's full-year capital expenditures were $166 million in 2025, with Q4 2025 expenditures of $64.2 million primarily focused on long-lead time equipment to support the expansion of its utility structures business.
- For 2026, Arcosa has guided expected capital expenditures to be between $220 million and $250 million.
- Capital expenditures in the fourth quarter of 2024 were $53.3 million, as the company neared completion on organic projects in its Construction Products and Engineered Structures segments.
Latest Trefis Analyses
Trade Ideas
Select ideas related to ACA.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | NSP | Insperity | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03312026 | TNC | Tennant | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | ADP | Automatic Data Processing | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.0% | 1.0% | 0.0% |
| 03272026 | HURN | Huron Consulting | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.0% | 4.0% | 0.0% |
| 03272026 | TRU | TransUnion | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.2% | 5.2% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 245.19 |
| Mkt Cap | 7.3 |
| Rev LTM | 3,494 |
| Op Inc LTM | 544 |
| FCF LTM | 272 |
| FCF 3Y Avg | 340 |
| CFO LTM | 516 |
| CFO 3Y Avg | 504 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.2% |
| Rev Chg 3Y Avg | 3.1% |
| Rev Chg Q | 1.6% |
| QoQ Delta Rev Chg LTM | 0.4% |
| Op Mgn LTM | 18.2% |
| Op Mgn 3Y Avg | 16.3% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 19.8% |
| CFO/Rev 3Y Avg | 17.8% |
| FCF/Rev LTM | 8.8% |
| FCF/Rev 3Y Avg | 9.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.3 |
| P/S | 2.4 |
| P/EBIT | 17.8 |
| P/E | 26.7 |
| P/CFO | 17.2 |
| Total Yield | 4.0% |
| Dividend Yield | 0.3% |
| FCF Yield 3Y Avg | 3.2% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 3.2% |
| 3M Rtn | -0.1% |
| 6M Rtn | 3.0% |
| 12M Rtn | 32.9% |
| 3Y Rtn | 71.2% |
| 1M Excs Rtn | 2.6% |
| 3M Excs Rtn | 2.4% |
| 6M Excs Rtn | 2.0% |
| 12M Excs Rtn | 5.8% |
| 3Y Excs Rtn | 1.2% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Construction Products | 1,105 | 1,001 | 924 | 797 | 594 |
| Engineered Structures | 1,047 | 874 | 1,002 | 934 | 878 |
| Transportation Products | 418 | 434 | 317 | 306 | 466 |
| Corporate | 0 | 0 | 0 | ||
| Eliminations | -0 | -0 | -0 | -2 | |
| Total | 2,570 | 2,308 | 2,243 | 2,036 | 1,936 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Construction Products | 134 | 139 | 96 | 83 | 75 |
| Engineered Structures | 126 | 96 | 307 | 88 | 80 |
| Transportation Products | 30 | 46 | 12 | 6 | 55 |
| Eliminations | 0 | 0 | |||
| Corporate | -93 | -63 | -66 | -70 | -58 |
| Total | 198 | 217 | 349 | 107 | 152 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Construction Products | 3,305 | 2,043 | 1,896 | 1,741 | 1,208 |
| Engineered Structures | 1,192 | 1,063 | 956 | 1,078 | 1,028 |
| Corporate | 270 | 163 | 225 | 102 | 134 |
| Transportation Products | 150 | 308 | 264 | 268 | 276 |
| Eliminations | 0 | 0 | |||
| Total | 4,916 | 3,578 | 3,341 | 3,188 | 2,647 |
Price Behavior
Price Behavior
| Market Price | $112.01 | |
| Market Cap ($ Bil) | 5.5 | |
| First Trading Date | 10/30/2018 | |
| Distance from 52W High | -12.6% | |
| 50 Days | 200 Days | |
| DMA Price | $113.62 | $102.12 |
| DMA Trend | up | down |
| Distance from DMA | -1.4% | 9.7% |
| 3M | 1YR | |
| Volatility | 42.6% | 34.8% |
| Downside Capture | 0.49 | 0.66 |
| Upside Capture | 156.21 | 134.89 |
| Correlation (SPY) | 37.7% | 53.2% |
ACA Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.20 | 1.24 | 1.31 | 1.17 | 1.12 | 1.21 |
| Up Beta | 1.47 | 1.93 | 2.39 | 1.38 | 1.18 | 1.24 |
| Down Beta | 1.18 | 0.54 | 0.77 | 0.71 | 0.84 | 1.08 |
| Up Capture | 163% | 152% | 161% | 177% | 156% | 194% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 10 | 23 | 34 | 68 | 127 | 388 |
| Down Capture | 89% | 131% | 123% | 111% | 113% | 106% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 12 | 19 | 29 | 58 | 125 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACA | |
|---|---|---|---|---|
| ACA | 56.6% | 36.3% | 1.30 | - |
| Sector ETF (XLI) | 48.5% | 17.9% | 2.06 | 58.5% |
| Equity (SPY) | 29.1% | 17.4% | 1.36 | 54.1% |
| Gold (GLD) | 61.3% | 27.8% | 1.72 | -0.7% |
| Commodities (DBC) | 26.9% | 16.7% | 1.41 | 5.9% |
| Real Estate (VNQ) | 17.7% | 15.4% | 0.86 | 38.7% |
| Bitcoin (BTCUSD) | -10.9% | 43.9% | -0.14 | 28.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACA | |
|---|---|---|---|---|
| ACA | 11.6% | 34.3% | 0.39 | - |
| Sector ETF (XLI) | 13.4% | 17.3% | 0.61 | 60.3% |
| Equity (SPY) | 11.4% | 17.0% | 0.52 | 52.2% |
| Gold (GLD) | 22.2% | 17.8% | 1.02 | 7.8% |
| Commodities (DBC) | 11.5% | 18.8% | 0.50 | 15.6% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 43.6% |
| Bitcoin (BTCUSD) | 3.6% | 56.5% | 0.29 | 23.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACA | |
|---|---|---|---|---|
| ACA | 18.5% | 40.6% | 0.70 | - |
| Sector ETF (XLI) | 13.9% | 19.9% | 0.62 | 62.9% |
| Equity (SPY) | 13.9% | 17.9% | 0.67 | 56.0% |
| Gold (GLD) | 14.1% | 15.9% | 0.74 | 6.1% |
| Commodities (DBC) | 8.5% | 17.6% | 0.40 | 21.3% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 48.6% |
| Bitcoin (BTCUSD) | 67.1% | 66.9% | 1.06 | 19.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/25/2026 | 0.7% | -11.1% | -17.0% |
| 10/30/2025 | 10.6% | 7.0% | 15.0% |
| 8/7/2025 | 12.7% | 14.1% | 14.0% |
| 2/27/2025 | -8.4% | -11.1% | -12.7% |
| 10/30/2024 | -1.6% | 8.4% | 14.2% |
| 8/1/2024 | -13.0% | -9.7% | 0.6% |
| 5/2/2024 | 10.0% | 13.6% | 11.1% |
| 2/22/2024 | -1.6% | 0.5% | 2.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 14 |
| # Negative | 9 | 8 | 5 |
| Median Positive | 8.1% | 8.4% | 10.4% |
| Median Negative | -4.5% | -10.3% | -10.6% |
| Max Positive | 14.9% | 24.9% | 24.8% |
| Max Negative | -15.9% | -15.0% | -17.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 04/29/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 2.95 Bil | 3.02 Bil | 3.10 Bil | 4.8% | Raised | Guidance: 2.88 Bil for 2025 | |
| 2026 Adjusted EBITDA | 590.00 Mil | 615.00 Mil | 640.00 Mil | 6.0% | Raised | Guidance: 580.00 Mil for 2025 | |
| 2026 Inland Barge Revenue | 410.00 Mil | 420.00 Mil | 430.00 Mil | ||||
| 2026 Inland Barge Adjusted EBITDA | 70.00 Mil | 72.50 Mil | 75.00 Mil | ||||
Prior: Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Consolidated Revenues | 2.86 Bil | 2.88 Bil | 2.91 Bil | -0.5% | Lowered | Guidance: 2.90 Bil for 2025 | |
| 2025 Consolidated Adjusted EBITDA | 575.00 Mil | 580.00 Mil | 585.00 Mil | 1.8% | Raised | Guidance: 570.00 Mil for 2025 | |
| 2025 Backlog Recognition | 0.3 | ||||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Stevenson, Bryan | CLO & Asst Corp Sec. | Direct | Sell | 8122025 | 99.02 | 4,000 | 396,080 | 3,771,573 | Form |
| 2 | Cole, Kerry S | Group President | Direct | Sell | 8112025 | 95.77 | 7,966 | 762,904 | 1,893,277 | Form |
| 3 | Collins, Jesse E Jr | Group President | Direct | Sell | 6172025 | 86.40 | 8,616 | 744,388 | 1,084,357 | Form |
| 4 | Hurst, Eric D | VP Controller (PAO) | Direct | Sell | 5162025 | 88.57 | 835 | 73,956 | 364,200 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.