- Hubbard Construction Company
- 2026
- 38
- 8
- 21.05%
- $42,164,527
- 3.94%
- 18.35%
- 8.89%
- $551,952,449

Hubbard holds **$32M** in remaining backlog from 2026 awards of **$42M** across seven active projects with bid dates from March to July 2026. Long contract durations of 120-300 months will limit near-term cash inflows despite an improved **24.2%** success rate. Revenue burn is expected to remain gradual given the extended timelines.
Medium-term Outlook (6-12 months)
Backlog depletion will stay slow due to the multi-year durations, requiring continued bidding momentum to sustain volume beyond the **$78M** won in 2025. The contractor's reduced bid count of 33 jobs in 2026 versus 55 in 2025 signals a need for pipeline replenishment. Cash flow stability hinges on converting recent low bids into executed work.
Key Risk Period
Extended contract durations create a prolonged risk window beyond 12 months where **$32M** backlog converts to cash at a low rate, potentially straining liquidity if new awards slow. The drop in total low volume from **$78M** to **$42M** heightens exposure if success rates decline.
Recommendations
Prioritize shorter-duration projects in future bids to accelerate cash conversion from the current **$32M** backlog. Maintain bidding discipline at the improved **24.2%** success rate while targeting higher annual volume to offset long-term burn rates.
- Asphalt Milling Patch Paving Asphalt Roads Parking Lots
- Fernandina Beach
- 7/30/26
- Roadway Resurfacing and Repair Surtax WORCS 3
- Hillsborough County
- 6/5/26
- T7587 HILLSBOROUGH
- FDOT
- 5/20/26
- Pine Crest Manor Blvd W Lambright St W Sligh Ave Resurfacing
- Hillsborough County
- 5/8/26
- Taxiway A Holding Bay
- Lakeland
- 4/24/26
- T2963 DUVAL
- FDOT
- 3/25/26
- T2A61 NASSAU
- FDOT
- 3/25/26
- City Lake Mary Milling Paving
- Lake Mary
- 1/12/26
- T1940 HIGHLANDS
- FDOT
- $18,557,723
- 8/26/26
- T2A75 DUVAL
- FDOT
- $2,278,269
- 8/26/26
- T2A78 DUVAL
- FDOT
- $4,292,905
- 8/26/26
- T5890 ORANGE
- FDOT
- $6,004,860
- 8/26/26
- T7614 PASCO
- FDOT
- $5,626,217
- 8/26/26
- Rifle Range Road Drainage Improvements CDBG
- Polk County
- $2,589,974
- 8/5/26
- Asphalt Milling Patch Paving Asphalt Roads Parking Lots
- Fernandina Beach
- $500,000
- 7/30/26
- T2A29 DUVAL
- FDOT
- $10,524,957
- 7/29/26
- CT260715 SR 400 I 4 SR 600 US 17 92
- FDOT
- $21,129,844
- 7/29/26
- County Road 557 Widening
- Polk County
- $97,929,816
- 7/22/26
- Roadway Resurfacing Repair Surtax WORCS 4
- Hillsborough County
- $16,746,927
- 7/8/26
- Asphalt Milling Resurfacing Friction Course Asphalt Berms
- Orange County - FL
- $103,649,725
- 6/18/26
- T5888 LAKE
- FDOT
- $30,857,858
- 6/10/26
- T2A47 DUVAL
- FDOT
- $952,503
- 6/10/26
- Roadway Resurfacing and Repair Surtax WORCS 3
- Hillsborough County
- $14,500,472
- 6/5/26
- Rehabilitate Shift Taxiway A Phases 1 2 Kissimmee Gateway Airport
- Kissimmee
- $21,653,667
- 6/2/26
- T5863 SEMINOLE
- FDOT
- $6,995,761
- 5/20/26
- T7587 HILLSBOROUGH
- FDOT
- $7,418,952
- 5/20/26
- T7595 HILLSBOROUGH
- FDOT
- $12,835,550
- 5/20/26
- Roadway Resurfacing Repair Surtax WORCS 2
- Hillsborough County
- $17,137,115
- 5/12/26
- Pine Crest Manor Blvd W Lambright St W Sligh Ave Resurfacing
- Hillsborough County
- $2,516,149
- 5/8/26
- Taxiway A Holding Bay
- Lakeland
- $8,230,335
- 4/24/26
- Church Street Phase I Roadway Improvements
- Orlando
- $5,344,079
- 4/23/26
- T1928 LEE
- FDOT
- $2,483,811
- 3/25/26
- T2A61 NASSAU
- FDOT
- $1,544,726
- 3/25/26
- T2963 DUVAL
- FDOT
- $5,597,608
- 3/25/26
- 26 005 Asphalt Paving FY 2026
- Ocoee
- $2,400,891
- 3/24/26
- Zephyr Creek Phase 1 Drainage Improvements
- Pasco County
- $4,130,393
- 3/10/26
- Thompson Nursery Road Extension Phase 1 Segment 1
- Polk County
- $38,915,498
- 3/4/26
- Resurfacing City Streets
- Orlando
- $14,079,943
- 1/30/26
- SR 202 JTB SR 5 US 1 T2A56
- FDOT
- $15,191,592
- 1/28/26
- T7579 HILLSBOROUGH
- FDOT
- $1,846,439
- 1/28/26
- T5874 ORANGE
- FDOT
- $10,455,290
- 1/28/26
- T2A54 DUVAL
- FDOT
- $5,759,135
- 1/28/26
- T2A49 DUVAL
- FDOT
- $2,915,280
- 1/28/26
- T2A56 DUVAL
- FDOT
- $15,191,592
- 1/28/26
- E1W96 POLK
- FDOT
- $11,310,308
- 1/15/26
- City Lake Mary Milling Paving
- Lake Mary
- $1,856,285
- 1/12/26
- Asphalt Milling Patch Paving Asphalt Roads Parking Lots
- Fernandina Beach
- $500,000
- 09/28/26
- 120
- 0%
- -
- $500,000
- City Lake Mary Milling Paving
- Hillsborough County
- $14,500,472
- 08/04/26
- 120
- 25.8%
- $3,625,118
- $10,754,517
- City Lake Mary Milling Paving
- FDOT
- $7,418,952
- 07/19/26
- 225
- 20.9%
- $989,194
- $5,869,215
- City Lake Mary Milling Paving
- Hillsborough County
- $2,516,149
- 07/07/26
- 120
- 49.2%
- $629,037
- $1,279,042
- City Lake Mary Milling Paving
- Lakeland
- $8,230,335
- 06/23/26
- 120
- 60.8%
- $2,057,584
- $3,223,548
- City Lake Mary Milling Paving
- FDOT
- $1,544,726
- 05/24/26
- 300
- 34.3%
- $154,473
- $1,014,370
- City Lake Mary Milling Paving
- FDOT
- $5,597,608
- 05/24/26
- 240
- 42.9%
- $699,701
- $3,195,301
- $8,155,107
- $25,835,993

