Education
About Us
Working with TipRanks
Follow Us
Concrete Pumping Holdings (BBCP)
NASDAQ:BBCP
Top Page
Concrete Pumping Holdings
(NASDAQ:BBCP)
Select Model
Select Model
Rating:64Neutral
Price Target:
$8.00
▲(8.25% Upside)
The score is primarily driven by mixed financial performance: weakening revenue and earnings trends offset by solid operating cash flow and an improved risk profile from the reported 2025 deleveraging. Technicals are supportive with the stock above key moving averages and positive MACD, but momentum is getting stretched. Valuation is the biggest headwind due to a very high P/E with no dividend yield provided, while the earnings call outlook was constructive on cash flow but tempered by expected margin pressure and limited liquidity.
Positive Factors
Strong operating cash generation
Sustained positive operating cash flow across recent years shows the business converts revenue into cash reliably. Durable cash generation supports reinvestment for fleet replacement, funding emissions-related CapEx, selective M&A or buybacks, and cushions the company through cyclical construction slowdowns.
Material deleveraging in 2025
A sharp reduction in reported debt meaningfully lowers financial risk and interest burden, increasing strategic flexibility. Lower leverage supports long-term resilience, enabling the company to absorb cyclical volatility, fund emissions-driven fleet upgrades, and pursue targeted growth without heavy refinancing risk.
Stable demand from infrastructure and Eco Pan growth
Exposure to publicly funded infrastructure (25% of US pumping revenue) and expanding Eco Pan waste-management activity provides a structural revenue base less sensitive to residential cycles. This diversification supports steadier utilization and offers durable end-market demand amid private construction weakness.
Negative Factors
Sustained revenue and earnings decline
A multi-year downtrend in revenue and steep EPS declines signal weakening underlying demand or market share pressures. Persistent top-line and profit deterioration can erode returns, reduce reinvestment capacity, and make it harder to restore margins even as cyclical markets recover.
Very limited near-term liquidity
Only ~$3M of immediate liquidity leaves limited headroom for unplanned needs or prolonged downturns despite manageable leverage metrics. Constrained liquidity increases refinancing and operational risk during cyclical troughs and limits optionality for opportunistic investments or larger tuck-in M&A.
Margin pressure from utilization and accelerated CapEx
Pulled-forward CapEx to meet emissions rules increases near-term depreciation and cash outlays while weak volumes suppress fleet utilization. This combination pressures margins and returns, risking prolonged profit compression until utilization normalizes or pricing offsets higher unit costs.
Concrete Pumping Holdings (BBCP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$386.06M
Dividend YieldN/A
Average Volume (3M)102.32K
Price to Earnings (P/E)81.1
Beta (1Y)0.89
Revenue Growth-8.98%
EPS Growth-38.23%
CountryUS
Employees1,590
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.09
Shares Outstanding51,474,450
10 Day Avg. Volume100,474
30 Day Avg. Volume102,324
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.00
Enterprise Value/Revenue0.00
Enterprise Value/Gross Profit0.00
Enterprise Value/Ebitda0.00
Forecast
1Y Price Target
$7.50Price Target Upside1.49% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Concrete Pumping Holdings Business Overview & Revenue Model
Company DescriptionConcrete Pumping Holdings, Inc. provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Camfaud brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand. It also leases and rents concrete pumping equipment, pans, and containers. As of October 31, 2021, the company owned a fleet of approximately 820 boom pumps, 70 placing booms, 20 telebelts, 250 stationary pumps, and 90 waste management trucks. Concrete Pumping Holdings, Inc. was founded in 1983 and is headquartered in Thornton, Colorado.
How the Company Makes MoneyConcrete Pumping Holdings generates revenue primarily through the provision of concrete pumping services, which involves the rental of concrete pumps and the associated labor required for operation. The company charges its clients based on the volume of concrete pumped, the duration of the service, and any additional fees for specialized equipment or services. Key revenue streams include project contracts with construction companies, long-term service agreements, and on-demand pumping services for smaller projects. Additionally, the company may benefit from partnerships with construction firms and contractors, which can lead to recurring revenue opportunities. The growth in infrastructure development and construction activities in its operating regions also plays a significant role in driving the company's earnings.
Concrete Pumping Holdings Key Performance Indicators (KPIs)
Concrete Pumping Holdings Earnings Call Summary
Earnings Call Date:Jan 13, 2026
(Q4-2025)
| Next Earnings Date:Mar 05, 2026
Earnings Call Sentiment Neutral
The call conveyed a balanced picture: clear strengths in Eco Pan, publicly funded infrastructure work, proactive capital planning for upcoming emissions regulations, and disciplined capital allocation (buybacks and small strategic M&A). However, those positives were offset by YoY declines in consolidated revenue, compressed margins, significant EPS reduction, UK weakness, and limited immediate liquidity. Management provided a modestly constructive FY2026 outlook (revenue and adjusted EBITDA guidance and free cash flow target), but expects continued near‑term margin pressure driven by utilization and timing of investments. Overall, positives and negatives are roughly balanced.Q4-2025 Updates
Positive Updates
Eco Pan Revenue and Profitability Growth
Eco Pan (US concrete waste management) revenue increased 8.0% to $21.3M (from $19.8M) in Q4; adjusted EBITDA rose 3.8% to $9.1M, driven by higher pan pickup volumes and pricing momentum, demonstrating durable through‑the‑cycle performance.
Infrastructure End‑Market Strength
Publicly funded infrastructure work improved year‑over‑year and represented 25% of US concrete pumping revenue in FY2025, supported by federal and state funding and resiliency in major projects (roads, bridges, education, UK HS2 and energy projects).
Disciplined Cost Management and Pricing Discipline
Management emphasized cost control, fleet efficiency, and strategic pricing that partially mitigated margin pressure from lower volumes, helping preserve profitability amid a soft macro backdrop.
Proactive Capital Allocation for Emissions Transition
Company accelerated $22M of fleet investment from FY2027 into FY2026 to address upcoming 2027 NOx emission standards—a timing move intended to reduce replacement CapEx in 2027 and minimize operational disruption from first‑generation truck technologies.
Share Repurchases and M&A Activity
Company repurchased ~274k shares for $1.8M in Q4 (average $6.73); since 2022 repurchases total ~4.9M shares (~$31.5M) with $18.5M remaining authorization. Completed a small acquisition in the Republic of Ireland (~$2M revenue, ~$0.5M EBITDA contribution), extending geographic footprint.
Comfortable Leverage Target and Cash Flow Outlook
Net debt of $380.6M with net debt to adjusted EBITDA leverage ~3x; guidance for FY2026 expects revenue $390M–$410M, adjusted EBITDA $90M–$100M, and free cash flow of at least $40M (assumes ~$23M replacement CapEx and $32M net cash interest).
Foreign Exchange Benefit
Foreign exchange translation provided a ~220 basis point benefit to revenue in the quarter, partially offsetting weaker activity in some end markets.
Negative Updates
Consolidated Revenue Decline
Consolidated Q4 revenue of $108.8M declined from $111.5M in the prior year quarter, a decrease of approximately 2.4%, reflecting timing delays in commercial activity and residential softness.
US Concrete Pumping Volume and Profitability Pressure
US concrete pumping revenue fell to $72.2M from $74.5M (approx. -3.1% YoY). Adjusted EBITDA for the US pumping business declined to $17.5M from $19.7M (approx. -11.2%), driven by lower volumes and reduced fleet utilization.
UK Revenue and EBITDA Declines
UK revenue declined to $15.3M from $17.1M (approx. -10.5% YoY) amid subdued commercial construction; UK adjusted EBITDA fell to $4.1M from $5.2M (approx. -21.2%).
Margin and EPS Compression
Gross margin declined 170 basis points to 39.8% (from 41.5%); consolidated adjusted EBITDA decreased ~8.9% to $30.7M with adjusted EBITDA margin down 200 basis points to 28.2% (from 30.2%). Net income available to common shareholders fell to $4.9M ($0.09 EPS) from $9.0M ($0.66 EPS), reflecting significant YoY earnings compression.
Residential and Light Commercial Weakness
Residential end‑market softened due to affordability constraints from higher interest rates, with residential representing 29% of revenue on a trailing twelve‑month basis but showing YoY revenue decline; light commercial also remained soft and sensitive to interest rates and tariff uncertainty.
Balance Sheet Liquidity Tightness
Available liquidity at quarter end was approximately $3M (cash plus ABL availability), which is limited given $425M total debt and $380.6M net debt, implying modest near‑term headroom despite manageable leverage metrics.
Margin Pressure and Utilization Risk in 2026
Guidance assumes relatively flat volumes with some pricing improvement, but management expects margin contraction in FY2026 driven primarily by sub‑optimal fleet utilization and the one‑time timing shift of CapEx (accelerated $22M into FY2026), which creates near‑term margin pressure.
Company Guidance
For fiscal 2026 management guided revenue of $390–$410 million and adjusted EBITDA of $90–$100 million, assuming no meaningful recovery in construction markets; they expect free cash flow of at least $40 million (defined as adjusted EBITDA less net replacement CapEx and net cash paid for interest) and modeled that using approximately $23 million of net replacement CapEx and ~$32 million of net cash paid for interest (this excludes an exceptional $22 million of fleet CapEx accelerated from fiscal 2027 into 2026 to address new 2027 NOx standards). The company noted fleet net replacement is expected to be a low single‑digit percentage of revenue in fiscal 2027 and reiterated balance‑sheet flexibility (net debt of ~$380.6 million, ~3.0x net debt/adjusted EBITDA at 10/31/25, and roughly $3 million of available liquidity).Concrete Pumping Holdings Financial Statement Overview
Summary
Mixed fundamentals: the income statement trend is weakening with revenue contraction and net income falling sharply from 2023 to 2025, but cash generation remains solid (positive operating cash flow and generally positive free cash flow). The balance sheet shows a major deleveraging improvement in 2025 per the provided statements, reducing financial risk, though profitability/returns have cooled.Income Statement
Revenue has moved from solid growth in 2022–2023 to contraction in 2024 and a sharper decline in 2025, signaling weakening demand/volume. Profitability also cooled meaningfully: net income fell from $31.8M (2023) to $16.2M (2024) and to $6.4M (2025). Positively, the company remains profitable and still generated positive operating earnings in recent years, but the trajectory is clearly down versus the 2022–2023 peak.Balance Sheet
Leverage improved dramatically in 2025, with total debt dropping to $23.5M from ~$400M in prior years, while equity stayed substantial ($264.8M) on a stable asset base (~$880M). Earlier periods carried relatively high leverage (debt-to-equity above 1x in 2021–2024), so the recent deleveraging is a major strength. The key watch-out is that returns on equity have come down alongside earnings, which can limit balance-sheet efficiency even with lower debt.Cash Flow
Cash generation is a clear strength: operating cash flow stayed strong ($64.3M in 2025; $86.9M in 2024; $96.9M in 2023) and free cash flow is positive in most years (except 2022). That said, free cash flow declined sharply in 2025 (down ~45% versus 2024), reflecting weaker underlying profitability and/or higher reinvestment needs. Overall, the business still converts earnings into cash well, but recent free-cash-flow momentum is negative.| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 392.87M | 425.87M | 442.24M | 401.29M | 315.81M |
| Gross Profit | 151.12M | 165.83M | 178.30M | 163.61M | 137.73M |
| EBITDA | 41.53M | 107.30M | 132.85M | 121.45M | 94.26M |
| Net Income | 6.37M | 16.21M | 31.79M | 28.68M | -15.07M |
Balance Sheet | |||||
| Total Assets | 879.54M | 897.99M | 904.52M | 887.49M | 792.66M |
| Cash, Cash Equivalents and Short-Term Investments | 44.39M | 43.04M | 15.86M | 7.48M | 9.30M |
| Total Debt | 23.51M | 399.81M | 416.19M | 447.87M | 370.45M |
| Total Liabilities | 589.75M | 576.27M | 596.28M | 608.16M | 530.09M |
| Stockholders Equity | 264.79M | 321.71M | 308.24M | 279.33M | 262.57M |
Cash Flow | |||||
| Free Cash Flow | 17.53M | 43.09M | 41.57M | -26.69M | 12.29M |
| Operating Cash Flow | 64.31M | 86.90M | 96.88M | 76.69M | 75.83M |
| Investing Cash Flow | -37.30M | -32.13M | -44.16M | -124.12M | -56.56M |
| Financing Cash Flow | -25.76M | -28.77M | -44.30M | 45.98M | -15.95M |
Concrete Pumping Holdings Technical Analysis
Positive
7.39
Price Trends
6.61
Positive
6.77
Positive
6.64
Positive
Market Momentum
0.17
Negative
64.14
Neutral
81.43
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BBCP, the sentiment is Positive. The current price of 7.39 is above the 20-day moving average (MA) of 7.04, above the 50-day MA of 6.61, and above the 200-day MA of 6.64, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 64.14 is Neutral, neither overbought nor oversold. The STOCH value of 81.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BBCP.
Concrete Pumping Holdings Risk Analysis
Concrete Pumping Holdings disclosed 39 risk factors in its most recent earnings report. Concrete Pumping Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Concrete Pumping Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $5.37B | 36.37 | 16.87% | 0.45% | 6.87% | 64.56% | |
64 Neutral | $386.06M | 81.12 | 3.32% | ― | -8.98% | -38.23% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | $421.35M | 44.67 | 6.31% | ― | 7.02% | ― | |
57 Neutral | $623.52M | 37.44 | 6.31% | ― | 16.73% | ― | |
47 Neutral | $355.21M | -15.24 | -16.33% | ― | 17.16% | 24.10% | |
41 Neutral | $177.49M | -1.92 | -84.16% | ― | -9.10% | 21.10% |
* Industrials Sector Average
BBCP
Concrete Pumping Holdings
7.39
-0.47
-5.98%
GVA
Granite Construction
123.75
32.54
35.68%
MTRX
Matrix Service Company
13.07
-0.36
-2.68%
ORN
Orion Group Holdings
10.78
3.59
49.93%
BWMN
Bowman Consulting Group
35.60
10.34
40.93%
SLND
Southland Holdings
3.36
-0.06
-1.75%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.