Concrete Pumping Holdings Inc BBCP

IndustrialsConstruction & EngineeringUnited States of America

Last close 10.23 USD on Nov 1, 2026, +54.5% year to date

Quant rating

Quant rating B Rank 148 of 486 in Industrials

Growth B 121 of 486
Valuation B 177 of 486
Quality D 391 of 486
Revisions B 124 of 486
Momentum A 40 of 486

Wall Street consensus Hold (2.67)Average target 13.50 USD +32.0%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 516M
Enterprise value: 916M
52-week range: 5.59 – 12.14
3-year range: 4.58 – 12.14
Dividend yield: 5.08%
Beta (5 years): 0.91
Shares outstanding: 50.4M
Next earnings: Jan 11, 2027

About the company

Concrete Pumping Holdings, Inc. is a provider of concrete pumping services and concrete waste management services in the United States (U.S.) and United Kingdom (U.K.) markets, primarily operating under national brands in both geographies – Brundage-Bone for concrete pumping in the U.S., Camfaud in the U.K., and Eco-Pan for waste management services in both the U.S. and U.K. Its segments include U.S. Concrete Pumping, U.S. Concrete Waste Management Services and U.K. Operations. The U.S. Concrete Pumping segment provides concrete pumping services to general contractors and concrete finishing companies in commercial, infrastructure and residential sectors. The U.S. Concrete Waste Management Services segment includes Eco-Pan, which provides a full-service, route-based, regulation-compliant solution to manage environmental issues caused by concrete washout. The U.K. Operations segment consists of its Camfaud, Premier and U.K. based Eco-Pan businesses. It provides temporary power solutions.

Growth and profitability fiscal year ends October 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	393	426	442	401	316	–
Revenue growth	−7.7%	−3.7%	10.2%	27.1%	3.8%	5.2%
EPS (basic, normalized)	0.09	0.26	0.54	0.47	−0.31	–
EPS growth	−65.4%	−51.9%	14.9%	–	–	–
Gross margin	38.5%	38.9%	40.3%	40.8%	43.6%	40.4%
Net margin	1.2%	3.4%	6.6%	6.4%	−5.3%	2.4%
ROE	2.0%	4.8%	10.0%	9.7%	−5.1%	4.3%

Balance sheet, last quarter
Cash & short-term investments (mil)	43.0
Current ratio	1.71x
Long-term debt (mil)	419
Net debt (mil)	401
Total equity (mil)	293
Net debt / equity	1.37x
Net debt / EBITDA	4.13x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	393	−7.7%	2.3x	97.0	−12.4%	9.4x	0.09	−65.4%	113.7x
2026	431	+9.7%	2.1x	107	+9.9%	8.6x	0.19	+111.1%	53.8x
2027	456	+5.9%	2.0x	115	+8.3%	7.9x	0.32	+70.2%	31.6x
2028	491	+7.6%	1.9x	125	+8.3%	7.3x	0.36	+11.3%	28.4x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	431	0.0%	+2.4%	+6.7%	0.19	0.0%	+11.8%	+46.2%
2027	456	0.0%	+2.5%	+8.9%	0.32	0.0%	+14.1%	+40.6%
2028	491	0.0%	0.0%	–	0.36	0.0%	0.0%	–

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Sales reported (mil)	107	110	111	86.4	94.0	104	109	90.6	107	117
Sales mean (mil)	113	125	110	91.1	98.5	99.8	103	84.8	96.7	110
Surprise	−4.9%	−12.6%	+1.0%	−5.1%	−4.6%	+3.9%	+5.3%	+6.8%	+10.4%	+6.0%
EPS reported	0.05	0.13	0.16	−0.03	−0.01	0.07	0.09	−0.06	0.04	0.09
EPS mean	0.10	0.19	0.15	0.01	0.04	0.06	0.09	−0.08	0.01	0.08
Surprise	−48.1%	−32.6%	+3.7%	−400.0%	−122.6%	+10.5%	+0.8%	+23.7%	+300.0%	+8.0%

Peer comparison Construction & Engineering

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
BBCP Concrete Pumping Holdings Inc	516M	4.13x	1.2%	1.76x	53.8x	31.6x	8.6x	7.9x
APG APi Group Corporation	18.9B	3.38x	−3.6%	5.43x	25.3x	21.8x	18.0x	15.7x
KAJMY KAJIMA CORPORATION	14.5B	–	5.8%	1.59x	–	–	–	–
TISCY TAISEI CORPORATION	11.5B	–	8.1%	1.95x	–	–	–	–
SKBSY Skanska AB	11.5B	–	–	–	16.8x	15.3x	10.4x	9.6x
CDLR Cadeler A/S	2.7B	–	45.2%	1.40x	41.6x	21.4x	7.8x	5.0x
Mean		3.76x	11.3%	2.43x	34.4x	22.5x	11.2x	9.6x
Median		3.76x	5.8%	1.76x	33.5x	21.6x	9.5x	8.8x

Technical analysis

1M+3.3%
3M+1.9%
1Y+58.3%
3Y+96.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Concrete Pumping Holdings Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	393	426	442	401	316	304
Cost of revenue	242	260	264	238	178	167
Gross profit	151	166	178	164	138	137
Selling, general & administrative expenses	107	114	114	111	99.4	111
Research & development	–	–	–	–	–	–
Depreciation/amortization	2.5	2.3	2.4	2.3	–	–
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	1.4	–	–	0.3	15.8	57.9
Other operating expenses	0	0	0	0	0	0
Operating income	40.1	49.3	61.5	50.1	22.5	−31.7
Net interest income (expense)	−30.4	−25.6	−28.1	−25.9	−25.2	−34.4
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0.3	0.5	7.2	10.0	−9.8	−0.1
Net income before taxes	10.1	24.3	40.6	34.2	−12.4	−66.2
Provision for taxes	3.7	8.1	8.8	5.5	2.6	−5.0
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	6.4	16.2	31.8	28.7	−15.1	−61.3
Extraordinary items	–	–	–	–	–	–
Net income	6.4	16.2	31.8	28.7	−15.1	−61.3
EBIT, normalized	41.4	52.6	61.5	50.4	38.4	26.2
EBITDA, normalized	95.0	110	120	108	94.3	87.9
Basic EPS, normalized	0.09	0.26	0.54	0.47	−0.31	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Concrete Pumping Holdings Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	44.4	43.0	15.9	7.5	9.3	6.7
Receivables	53.1	56.4	63.0	63.4	49.3	45.9
Total inventory	7.4	5.9	6.7	5.5	4.9	4.6
Prepaid expenses	8.4	7.0	8.7	5.2	4.1	2.7
Other current assets	0	0	0	0	0	0
Total current assets	113	112	94.3	81.6	67.6	60.0
Property, plant & equipment	435	442	452	444	338	304
Goodwill	224	223	222	220	225	223
Intangibles	93.9	106	120	138	159	184
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	13.2	15.1	16.0	3.7	4.0	2.5
Total assets	880	898	905	887	793	774
Liabilities
Accounts payable	6.3	7.7	8.9	8.4	10.7	6.6
Payable/accrued	–	–	–	–	–	–
Accrued expenses	45.6	47.8	54.0	49.5	36.2	31.9
Short-term debt	0	0	19.0	52.1	1.0	1.7
Current portion of long-term debt	–	0	0.1	0.1	0.1	21.0
Other current liabilities	0.5	0.9	2.0	0.2	0.3	1.1
Total current liabilities	52.3	56.3	84.0	110	48.2	62.3
Long-term debt	418	373	372	371	369	344
Minority interest	–	–	–	–	–	–
Other liabilities	120	122	115	102	87.5	68.0
Total liabilities	590	551	571	583	505	475
Shareholders' equity
Preferred stock	25.0	25.0	25.0	25.0	25.0	25.0
Common stock	0	0	0	0	0	0
Additional paid-in capital	390	386	383	379	374	362
Retained earnings (accumulated deficit)	−85.0	−38.2	−54.4	−86.2	−115	−87.1
Treasury stock	−41.7	−25.9	−15.1	−4.6	−0.5	−0.1
Other equity	1.6	−0.5	−5.5	−9.2	3.7	−0.6
Total equity	290	347	333	304	288	299
Total liabilities & shareholders' equity	880	898	905	887	793	774

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Concrete Pumping Holdings Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	6.4	16.2	31.8	28.7	−15.1	−61.0
Depreciation, depletion & amortization	53.5	57.1	58.7	57.5	55.9	61.7
Deferred taxes	2.5	5.3	6.1	5.2	2.5	−1.0
Non-cash items	9.4	5.6	1.5	0.2	33.2	71.5
Changes in working capital	−7.5	2.7	−1.2	−14.9	−0.7	7.9
Cash from operations	64.3	86.9	96.9	76.7	75.8	79.0
Investing activities
Capital expenditures	−46.8	−43.8	−55.3	−103	−63.5	−39.3
Other investing cash flows	9.5	11.7	11.1	−20.7	7.0	3.5
Cash from investing	−37.3	−32.1	−44.2	−124	−56.6	−35.9
Financing activities
Financing cash flow items	−8.4	0.3	−0.6	−0.3	−8.5	−1.2
Cash dividends paid	−53.1	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	35.8	−29.1	−43.7	46.3	−7.5	−42.8
Cash from financing	−25.8	−28.8	−44.3	46.0	−16.0	−43.9
Foreign exchange effects	0.1	1.2	0	−0.4	−0.8	0.1
Net change in cash	1.4	27.2	8.4	−1.8	2.6	−0.7
Free cash flow	17.5	43.1	41.6	−26.7	12.3	39.6

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.