ROAD vs. MTZ
ROAD (Construction Partners, Inc.) and MTZ (MasTec, Inc.) are both stocks. Both operate in the Engineering & Construction industry within the Industrials sector. Over the past 5 years, ROAD returned 25.85%/yr vs 24.55%/yr for MTZ. At a 0.44 correlation, their price movements are largely independent.
Performance
ROAD vs. MTZ - Performance Comparison
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Returns By Period
In the year-to-date period, ROAD achieves a -2.01% return, which is significantly lower than MTZ's 66.40% return.
ROAD
- 1D
- -3.80%
- 1M
- -24.28%
- YTD
- -2.01%
- 6M
- 2.07%
- 1Y
- -3.62%
- 3Y*
- 49.37%
- 5Y*
- 25.85%
- 10Y*
- —
MTZ
- 1D
- -0.60%
- 1M
- -12.69%
- YTD
- 66.40%
- 6M
- 63.98%
- 1Y
- 120.95%
- 3Y*
- 48.70%
- 5Y*
- 24.55%
- 10Y*
- 32.06%
ROAD vs. MTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ROAD Construction Partners, Inc. | -2.01% | 22.71% | 103.26% | 63.06% | -9.25% | 1.03% | 72.55% | 91.05% | -32.08% |
MTZ MasTec, Inc. | 66.40% | 59.67% | 79.79% | -11.26% | -7.53% | 35.35% | 6.27% | 58.19% | -10.66% |
Correlation
The correlation between ROAD and MTZ is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 4, 2018 | 0.44 |
The correlation between ROAD and MTZ has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.
Fundamentals
ROAD:
$5.98B
MTZ:
$28.50B
ROAD:
$2.27
MTZ:
$5.71
ROAD:
46.86
MTZ:
63.34
ROAD:
0.87
MTZ:
0.60
ROAD:
1.83
MTZ:
1.87
ROAD:
6.11
MTZ:
8.61
ROAD:
$3.26B
MTZ:
$15.28B
ROAD:
$511.53M
MTZ:
$1.85B
ROAD:
$397.81M
MTZ:
$1.10B
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Return for Risk
ROAD vs. MTZ — Risk / Return Rank
ROAD
MTZ
ROAD vs. MTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Construction Partners, Inc. (ROAD) and MasTec, Inc. (MTZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ROAD | MTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.25 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.47 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 7.02 | -7.16 |
| Martin ratioReturn relative to average drawdown | -0.26 | 21.90 | -22.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ROAD | MTZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 3.17 | -3.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.58 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.20 | +0.44 |
Drawdowns
ROAD vs. MTZ - Drawdown Comparison
The maximum ROAD drawdown since its inception was -54.54%, smaller than the maximum MTZ drawdown of -97.72%. Use the drawdown chart below to compare losses from any high point for ROAD and MTZ.
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Drawdown Indicators
| ROAD | MTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.54% | -97.72% | +43.18% |
Max Drawdown (1Y)Largest decline over 1 year | -26.55% | -17.33% | -9.22% |
Max Drawdown (3Y)Largest decline over 3 years | -33.62% | -61.01% | +27.39% |
Max Drawdown (5Y)Largest decline over 5 years | -54.54% | -61.01% | +6.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -67.92% | — |
Current DrawdownCurrent decline from peak | -24.28% | -17.33% | -6.95% |
Average DrawdownAverage peak-to-trough decline | -16.28% | -51.89% | +35.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.03% | 5.55% | +8.48% |
Volatility
ROAD vs. MTZ - Volatility Comparison
Construction Partners, Inc. (ROAD) has a higher volatility of 14.70% compared to MasTec, Inc. (MTZ) at 11.37%. This indicates that ROAD's price experiences larger fluctuations and is considered to be riskier than MTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROAD | MTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.70% | 11.37% | +3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 36.78% | 29.25% | +7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.25% | 38.48% | +8.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.45% | 42.57% | +2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.68% | 43.74% | +4.94% |
Dividends
ROAD vs. MTZ - Dividend Comparison
Neither ROAD nor MTZ has paid dividends to shareholders.
Financials
ROAD vs. MTZ - Financials Comparison
This section allows you to compare key financial metrics between Construction Partners, Inc. and MasTec, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ROAD vs. MTZ - Profitability Comparison
ROAD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Construction Partners, Inc. reported a gross profit of 98.85M and revenue of 769.20M. Therefore, the gross margin over that period was 12.9%.
MTZ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MasTec, Inc. reported a gross profit of 477.90M and revenue of 3.83B. Therefore, the gross margin over that period was 12.5%.
ROAD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Construction Partners, Inc. reported an operating income of 37.38M and revenue of 769.20M, resulting in an operating margin of 4.9%.
MTZ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MasTec, Inc. reported an operating income of 141.80M and revenue of 3.83B, resulting in an operating margin of 3.7%.
ROAD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Construction Partners, Inc. reported a net income of 9.18M and revenue of 769.20M, resulting in a net margin of 1.2%.
MTZ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MasTec, Inc. reported a net income of 60.84M and revenue of 3.83B, resulting in a net margin of 1.6%.
Frequently Asked Questions
ROAD and MTZ have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROAD has higher volatility (14.70%) compared to MTZ (11.37%). In terms of maximum drawdown, ROAD dropped -54.54% vs MTZ's -97.72%.
MTZ currently has the higher Sharpe Ratio (3.17 vs -0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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