Arcosa (ACA) financial statements
Arcosa reported revenue of $2.9B in fiscal 2025, up 6.0% a year over 9 years.
Net income was $208M and the operating margin 11.9%, against 11.8% in 2016.
Free cash flow was $176M, and the company returned $10M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Arcosa's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B | $1.5B | $1.5B | $1.7B | $1.9B | $2.0B | $2.2B | $2.3B | $2.6B | $2.9B |
| Cost of revenue | $1.4B | $1.2B | $1.2B | $1.4B | $1.6B | $1.7B | $1.8B | $1.9B | $2.1B | $2.2B |
| Gross profit | $348M | $295M | $272M | $332M | $382M | $356M | $411M | $444M | $515M | $647M |
| Selling, general and admin | $147M | $163M | $154M | $180M | $223M | $256M | $263M | $261M | $320M | $307M |
| Operating income | $201M | $132M | $95M | $153M | $152M | $107M | $349M | $217M | $198M | $342M |
| Interest expense | $0 | $0 | $900,000 | $7M | $11M | $23M | $31M | $28M | $71M | $109M |
| Pre-tax income | $197M | $130M | $95M | $147M | $138M | $84M | $316M | $196M | $130M | $241M |
| Income tax | $74M | $40M | $19M | $34M | $32M | $14M | $70M | $37M | $36M | $33M |
| Net income | $123M | $90M | $76M | $113M | $107M | $70M | $246M | $159M | $94M | $208M |
| EPS (diluted) | $2.52 | $1.84 | $1.54 | $2.32 | $2.18 | $1.42 | $5.05 | $3.26 | $1.91 | $4.24 |
| Diluted shares | 49M | 49M | 49M | 48M | 48M | 49M | 48M | 49M | 49M | 49M |
| Gross margin | 20.4% | 20.2% | 18.6% | 19.1% | 19.7% | 17.5% | 18.3% | 19.2% | 20.0% | 22.4% |
| Operating margin | 11.8% | 9.0% | 6.5% | 8.8% | 7.8% | 5.3% | 15.6% | 9.4% | 7.7% | 11.9% |
| Net margin | 7.2% | 6.1% | 5.2% | 6.5% | 5.5% | 3.4% | 11.0% | 6.9% | 3.6% | 7.2% |
Balance sheet
Fiscal years, from Arcosa's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $14M | $7M | $99M | $240M | $96M | $73M | $160M | $105M | $187M | $215M |
| Receivables | — | $165M | $291M | $200M | $260M | $311M | $334M | $357M | $350M | $413M |
| Inventory | — | $247M | $252M | $283M | $277M | $324M | $316M | $402M | $360M | $336M |
| Total current assets | — | $429M | $667M | $757M | $665M | $768M | $857M | $912M | $954M | $1.1B |
| Property, plant and equipment | — | $583M | $803M | $816M | $913M | $1.2B | $1.2B | $1.3B | $2.1B | $2.0B |
| Goodwill | — | $494M | $615M | $622M | $794M | $935M | $958M | $991M | $1.4B | $1.3B |
| Total assets | $1.5B | $1.6B | $2.2B | $2.3B | $2.6B | $3.2B | $3.3B | $3.6B | $4.9B | $5.0B |
| Total current liabilities | — | $174M | $210M | $284M | $310M | $364M | $368M | $431M | $516M | $504M |
| Long-term debt | — | $400,000 | $184M | $104M | $248M | $665M | $536M | $562M | $1.7B | $1.5B |
| Total liabilities | — | $195M | $488M | $512M | $754M | $1.2B | $1.2B | $1.2B | $2.5B | $2.3B |
| Shareholders' equity | $1.3B | $1.4B | $1.7B | $1.8B | $1.9B | $2.0B | $2.2B | $2.3B | $2.4B | $2.6B |
| Net debt | -$14M | -$6M | $84M | -$137M | $152M | $592M | $376M | $457M | $1.5B | $1.3B |
Cash flow
Fiscal years, from Arcosa's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $228M | $162M | $118M | $359M | $260M | $166M | $174M | $261M | $502M | $341M |
| Capital spending | $85M | $82M | $45M | $85M | $82M | $85M | $138M | $204M | $190M | $166M |
| Free cash flow | $143M | $80M | $74M | $273M | $178M | $81M | $36M | $58M | $312M | $176M |
| Stock-based compensation | $10M | $9M | $10M | $15M | $20M | $18M | $19M | $24M | $24M | $26M |
| Dividends paid | — | — | $2M | $10M | $10M | $10M | $10M | $10M | $10M | $10M |
| Share buybacks (net) | $0 | $0 | -$3M | -$11M | -$8M | -$9M | -$15M | -$14M | $0 | $0 |
| Net borrowing | — | — | — | $0 | $251M | $500M | $80M | $160M | $1.6B | $0 |
| Free cash flow margin | 8.4% | 5.4% | 5.0% | 15.7% | 9.2% | 4.0% | 1.6% | 2.5% | 12.2% | 6.1% |
| Dividends per share | — | — | $0.05 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for ACA.
Open ACA in InvestinglyQuestions
What was Arcosa's revenue in 2025?
$2.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Arcosa generate?
$176M in fiscal 2025 (operating cash flow minus capital spending).
From Arcosa's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.