- Pavement Coatings Co - CA
- 2026
- 101
- 23
- 22.77%
- $44,036,532
- 8.51%
- 14.61%
- 6.47%
- $187,002,258
- Pavement Coatings Co - NV
- 2026
- 2
- 0
- 0.00%
- $0
- 0.00%
- 23.79%
- 6.67%
- $3,324,931

The **$23.5M** active backlog, concentrated in slurry seal and pavement projects with bid dates through mid-2026, will generate steady cash inflows as remaining balances such as **$6.9M** and **$2.6M** are executed. Success rates near 25% on **$180M** annual bids support consistent new awards to replenish near-term work. Long 120-month durations on most contracts may delay full recognition and stretch working capital.
Medium-term Outlook (6-12 months)
Annual low-bid volumes of **$44M–$65M** at 24–28% win rates position the firm for backlog growth beyond the current **$23.5M**, assuming bidding activity holds at 2024–2026 levels. Multiple large remaining amounts will convert to revenue while new 2026 awards begin mobilization. Margin pressure from 6.75–9.78% averages left on low bids warrants close monitoring.
Key Risk Period
Extended 120-month contract durations on the majority of the **$23.5M** backlog create the primary cash-flow risk window in 9–18 months, when early-stage projects may require sustained outlays before milestone payments. Declining bid volumes from **$224M** in 2025 to **$180M** in 2026 could compound replenishment shortfalls if win rates slip.
Recommendations
Prioritize acceleration of high-remaining projects and target bids with shorter durations to improve cash conversion. Maintain bidding discipline at current success rates while seeking margin improvement above the recent 6.75–9.78% range.
- Homestead Rd Slurry Seal 2026 B
- Silverdale
- 8/5/26
- 2026 Roadway Maintenance Slurry Seal
- Pismo Beach
- 7/9/26
- IFB 2026 25 Complete Streets Quick Build Park Avenue Orange Grove Avenue
- Pomona
- 7/8/26
- Pavement Preservation
- Fillmore
- 7/2/26
- 2026 Slurry Seal PLA Zone 2
- La Mesa
- 7/2/26
- Pavement Resurfacing Oak View Piru
- Ventura County
- 6/9/26
- 2026 Roadway Sealing
- San Luis Obispo
- 6/4/26
- CIP 107 Citywide Slurry Seal
- Hermosa Beach
- 5/21/26
- 04-2X7804 Napa County From 0.6 Mile East Soda Creek Bridge Napa County LINE
- Caltrans
- 5/13/26
- Citywide Surface Treatment Package 4A 2
- San Mateo
- 5/12/26
- Pavement Major Rehabilitation FY22 23 23 24 FY24 25
- Chula Vista
- 5/8/26
- RMDJOC6776 Pavement Preservation Seal Coats South Los Angeles County
- Los Angeles County
- 5/5/26
- 2026 Local Streets Sealing Pavement
- San Jose
- 4/30/26
- Slurry Seal 2026 CIP Nos 8262 8313
- Vista
- 4/28/26
- 2026 Slurry Seal
- Mammoth Lakes
- 4/25/26
- 2026 Chip Seal
- Twentynine Palms
- 4/16/26
- Heather Ridge Road Bike Lane
- Laguna Niguel
- 4/13/26
- 2026 Pavement Maintenance Phase 2
- Cupertino
- 4/2/26
- 2026 Major Streets Sealing
- San Jose
- 3/26/26
- FY 25 26 Annual Slurry Seal
- Rancho Santa Margarita
- 3/5/26
- 2025 2026 Road Maintenance
- Auburn
- 2/17/26
- Slurry Seal Group 2626
- San Diego
- 1/29/26
- Slurry Seal Group 2627
- San Diego
- 1/22/26
- Citywide Slurry Seal FY 2026 27
- Temecula
- $1,882,600
- 8/26/26
- FY 2026 2027 Street Maintenance
- Poway
- $1,252,555
- 8/20/26
- Pavement Rehabilitation Slurry Seal Method Prospect Ave Poplar St Loma Linda Dr
- Loma Linda
- $113,810
- 8/18/26
- Sierra West Pavement Treatments
- Amador County
- $307,049
- 8/13/26
- Rehabilitate Runway 11 29
- Marina
- $490,544
- 8/11/26
- 2026 Annual Micro Surfacing
- Lathrop
- $903,945
- 8/11/26
- 2026 Road Sealant Phase 3
- Marin County
- $1,654,310
- 8/10/26
- Homestead Rd Slurry Seal 2026 B
- Silverdale
- $951,353
- 8/5/26
- 2026 Pavement Overlay CIP No ST022
- San Marcos - CA
- $2,545,454
- 8/4/26
- Vista Way FHWA Overlay
- Oceanside
- $1,327,000
- 7/28/26
- 2026 Annual Pavement Rehabilitation
- Novato
- $1,433,305
- 7/21/26
- Slurry 2025 Various Locations Multi Year Contract
- El Cajon
- $1,221,558
- 7/13/26
- 2026 Roadway Maintenance Slurry Seal
- Pismo Beach
- $978,790
- 7/9/26
- 2025 Resurfacing
- Yuba City
- $1,409,142
- 7/8/26
- IFB 2026 25 Complete Streets Quick Build Park Avenue Orange Grove Avenue
- Pomona
- $465,970
- 7/8/26
- Placing Slurry Seal On Various Streets
- Bellflower
- $823,788
- 7/7/26
- Pavement Preservation
- Fillmore
- $460,250
- 7/2/26
- 2026 Slurry Seal PLA Zone 2
- La Mesa
- $2,264,905
- 7/2/26
- Urban Pavement Preservation Phase I
- Stanislaus County
- $2,061,641
- 7/1/26
- Cape Seal 2026
- Redding
- $1,726,334
- 6/30/26
- CIP T 3 Citywide Slurry Seal No 2602
- Sonoma County
- $309,334
- 6/30/26
- 2026 Crack Seal Slurry Seal
- Atherton
- $299,020
- 6/25/26
- City Port Hueneme Pavement Rehabilitation Fiberized Slurry Seal ST2604
- Port Hueneme
- $229,688
- 6/16/26
- Pavement Resurfacing Oak View Piru
- Ventura County
- $287,250
- 6/9/26
- FY 26 27 Pavement Resurfacing Treatment Single Double Fiberized Slurry
- Hanford
- $1,174,950
- 6/9/26
- 2026 Pavement Preservation
- San Mateo County
- $2,238,415
- 6/4/26
- 2026 Roadway Sealing
- San Luis Obispo
- $2,877,508
- 6/4/26
- Best Avenue Improvements Main Street Jones Street
- Brawley
- $1,332,777
- 6/2/26
- 2025 26 Annual Pavement Rehabilitation CIP No 4183 4190
- Orinda
- $3,505,676
- 6/2/26
- Local Street Resurfacing Program Fiscal Year 2025 26 SB1 Cape Seal
- Stockton
- $919,994
- 5/28/26
- 02-1K1104 Plumas County From Butte County LINE 2.5 Miles West Chipps Creek Bridge
- Caltrans
- $2,619,071
- 5/27/26
- 04-2X7704 San Mateo County Woodside From La Honda Creek Bridge 1.0 Mile North Friars Lane
- Caltrans
- $1,905,638
- 5/27/26
- 2025 26 Citywide Slurry Seal CIP 2515
- Hemet
- $518,340
- 5/26/26
- Canyon Hills North Slurry Seal
- Lake Elsinore
- $259,931
- 5/26/26
- 2026 Roadway Surface Treatments
- Placer County
- $1,446,494
- 5/26/26
- CIP 107 Citywide Slurry Seal
- Hermosa Beach
- $222,310
- 5/21/26
- 2026 Pavement Preservation Various County Roads
- Santa Clara County
- $5,686,869
- 5/21/26
- Citywide Slurry Seal Roadway Maintenance Program 2026
- Santee
- $1,044,817
- 5/21/26
- Carlson Drive Rehabilitation
- Sacramento
- $536,674
- 5/20/26
- CIP ST011 2 2026 Surface Seal
- San Marcos - CA
- $2,196,430
- 5/19/26
- 2026 Pavement Preservation
- Yolo County
- $4,981,238
- 5/14/26
- 04-2X7804 Napa County From 0.6 Mile East Soda Creek Bridge Napa County LINE
- Caltrans
- $2,116,956
- 5/13/26
- 08-1R6604 San Bernardino County From 1.7 Miles East Iron Mountain Pump Plant Road 1.2 Miles West Ri
- Caltrans
- $1,644,495
- 5/12/26
- 2026 Cape Sealing
- South Lake Tahoe
- $845,988
- 5/12/26
- Citywide Surface Treatment Package 4A 2
- San Mateo
- $1,437,610
- 5/12/26
- Pavement Major Rehabilitation FY22 23 23 24 FY24 25
- Chula Vista
- $9,899,577
- 5/8/26
- Chip Seal 2026
- San Joaquin County
- $2,718,914
- 5/7/26
- FY25 26 Pavement Rehabilitation
- Oceanside
- $10,117,104
- 5/6/26
- Slurry Seal
- Livermore
- $3,059,711
- 5/5/26
- 11-2N2584 San Diego County Near Ocotillo Wells From 3.2 Miles East Yaqui Pass Road Imperial County
- Caltrans
- $2,448,499
- 5/5/26
- RMDJOC6776 Pavement Preservation Seal Coats South Los Angeles County
- Los Angeles County
- $718,800
- 5/5/26
- Bennett Valley Pavement Maintenance
- Santa Rosa
- $1,006,746
- 4/30/26
- 2026 Local Streets Sealing Pavement
- San Jose
- $3,478,564
- 4/30/26
- FY 25 26 Citywide Street Slurry Seal Asphalt Repair
- Duarte
- $199,400
- 4/30/26
- 05-1S6304 San Luis Obispo County Near Cambria From Route 1 3.5 Miles West Old Creek Road
- Caltrans
- $2,755,056
- 4/29/26
- Slurry Seal 2026 CIP Nos 8262 8313
- Vista
- $2,084,042
- 4/28/26
- Citywide Pavement Repair Rehabilitation Program 2026
- Santee
- $1,999,150
- 4/28/26
- 2025 2026 Annual Slurry Seal
- Arcadia
- $821,540
- 4/28/26
- 2026 Slurry Seal
- Mammoth Lakes
- $310,163
- 4/25/26
- 01-0P5404 Humboldt County Miranda At French Road Undercrossing From Salmon Creek Bridge Myers Flat
- Caltrans
- $1,448,816
- 4/23/26
- FY 2026 Street Rehabilitation Program
- San Clemente
- $949,922
- 4/23/26
- Resurfacing Phase 3
- Coalinga
- $380,064
- 4/22/26
- 2026 Slurry Seal
- Patterson
- $470,794
- 4/22/26
- 2026 Rodeo Fiberized Slurry Seal Overlays Curb Ramps
- Contra Costa County
- $3,936,725
- 4/21/26
- 09-402704 Mono County At Coleville From 1.3 Miles South Mill Canyon Road The Nevada State Line
- Caltrans
- $3,839,652
- 4/16/26
- 2026 Chip Seal
- Twentynine Palms
- $296,879
- 4/16/26
- 2026 Street Surface Seal
- South San Francisco
- $2,884,570
- 4/14/26
- Heather Ridge Road Bike Lane
- Laguna Niguel
- $221,826
- 4/13/26
- 2026 Road Rehabilitation
- Nevada County
- $2,470,653
- 4/9/26
- 01-0P5804 Humboldt County Willow Creek From 0.2 Mile West Willow Creek Bridge 4.1 Miles East Elemen
- Caltrans
- $1,299,565
- 4/9/26
- 11-2N2764 San Diego County Near Boulevard From 0.2 Mile East Mccain Valley Road Undercrossing 0.9 M
- Caltrans
- $2,399,689
- 4/8/26
- 11-2N2754 Imperial County Near Calipatria From 0.1 Mile South Albright Road 0.5 Mile North Blair Ro
- Caltrans
- $1,162,877
- 4/7/26
- 2518 Slurry Seal Resurfacing Portions Various Roadways
- Alameda County
- $1,828,381
- 4/7/26
- 05-1S6004 Santa Barbara County San Luis Obispo County From 0.4 Mile North Betteravia Road Overcross
- Caltrans
- $2,145,628
- 4/2/26
- 02-2K2304 Trinity County Near Hayfork From Junction Route 36 1.2 Miles South Morgan Hill Road
- Caltrans
- $1,341,430
- 4/2/26
- 2026 Pavement Maintenance Phase 2
- Cupertino
- $2,559,234
- 4/2/26
- 2026 Pavement Maintenance Slurry Seal Pavement Resurfacing
- Elk Grove
- $4,398,213
- 4/2/26
- 2026 Major Streets Sealing
- San Jose
- $4,136,795
- 3/26/26
- Advanced Alley Maintenance Program Phase 1
- Oxnard
- $2,729,133
- 3/25/26
- Citywide Street Repair Phase 4 Micro Surfacing Slurry Seal
- Marina
- $2,369,890
- 3/24/26
- Antioch Cape Seal 2026
- Antioch
- $1,741,873
- 3/17/26
- FY 2026 Local Street Improvement Program
- San Clemente
- $669,692
- 3/12/26
- IFB CSA Road Surface Repair
- San Benito County
- $826,537
- 3/11/26
- Taxiway Alpha Apron Pavement Treatment
- Redlands
- $1,035,495
- 3/10/26
- Slurry Seal Program FY 2025 26
- Newport Beach
- $1,519,565
- 3/5/26
- FY 25 26 Annual Slurry Seal
- Rancho Santa Margarita
- $439,900
- 3/5/26
- 05-1S6204 San Benito County Hollister From 0.2 Mile North Sunset Drive 0.3 Mile North San Felipe R
- Caltrans
- $1,426,688
- 3/4/26
- FY 25 26 Cape Seal
- Visalia
- $1,790,303
- 2/26/26
- 2043 Zone 7 Pavement Management Phase 1
- Pittsburg
- $3,378,299
- 2/26/26
- Slurry Seal Local Roads 2026
- San Joaquin County
- $1,834,150
- 2/19/26
- 03-3G7704 Glenn County Near Butte City From 0.1 Mile East Mcdougal Street Glenn County Line
- Caltrans
- $1,444,536
- 2/19/26
- 2026 Street Slurry
- Menlo Park
- $1,582,335
- 2/18/26
- 2026 Road Rehabilitation
- Woodside
- $470,698
- 2/18/26
- 2025 2026 Road Maintenance
- Auburn
- $779,192
- 2/17/26
- 2025 26 Pavement Slurry Seal
- Danville
- $2,053,198
- 2/12/26
- FY 2026 27 Pavement Resurfacing
- Pacifica
- $1,500,295
- 2/4/26
- Slurry Seal Group 2626
- San Diego
- $3,538,831
- 1/29/26
- Slurry Seal Group 2625
- San Diego
- $3,732,346
- 1/27/26
- Slurry Seal Group 2627
- San Diego
- $3,509,827
- 1/22/26
- 2026 Pavement Slurry Program MI 2661 MI 2626
- Thousand Oaks
- $2,015,115
- 1/21/26
- Southwest Brawley Street Maintenance Improvement Phase II
- Brawley
- $1,913,605
- 1/13/26
- Homestead Rd Slurry Seal 2026 B
- Silverdale
- $951,353
- 10/04/26
- 120
- 0%
- -
- $951,353
- 2026 Roadway Maintenance Slurry Seal
- Pismo Beach
- $978,790
- 09/07/26
- 120
- 0%
- -
- $978,790
- IFB 2026 25 Complete Streets Quick Build Park Avenue Orange Grove Avenue
- Pomona
- $465,970
- 09/06/26
- 120
- 0%
- -
- $465,970
- Pavement Preservation
- Fillmore
- $460,250
- 08/31/26
- 50
- 0%
- -
- $460,250
- 2026 Slurry Seal PLA Zone 2
- La Mesa
- $2,264,905
- 08/31/26
- 60
- 0%
- -
- $2,264,905
- Southwest Brawley Street Maintenance Improvement Phase II
- Ventura County
- $287,250
- 08/08/26
- 120
- 17.5%
- $71,813
- $236,981
- Southwest Brawley Street Maintenance Improvement Phase II
- San Luis Obispo
- $2,877,508
- 08/03/26
- 120
- 21.7%
- $719,377
- $2,254,048
- Southwest Brawley Street Maintenance Improvement Phase II
- Hermosa Beach
- $222,310
- 07/20/26
- 55
- 72.7%
- $121,260
- $60,630
- Southwest Brawley Street Maintenance Improvement Phase II
- San Mateo
- $1,437,610
- 07/11/26
- 120
- 40.8%
- $359,403
- $850,586
- Southwest Brawley Street Maintenance Improvement Phase II
- Chula Vista
- $9,899,577
- 07/07/26
- 120
- 44.2%
- $2,474,894
- $5,527,264
- Southwest Brawley Street Maintenance Improvement Phase II
- Los Angeles County
- $718,800
- 07/04/26
- 120
- 46.7%
- $179,700
- $383,360
- Southwest Brawley Street Maintenance Improvement Phase II
- San Jose
- $3,478,564
- 06/29/26
- 120
- 50.8%
- $869,641
- $1,710,294
- Southwest Brawley Street Maintenance Improvement Phase II
- Vista
- $2,084,042
- 06/27/26
- 120
- 52.5%
- $521,011
- $989,920
- Southwest Brawley Street Maintenance Improvement Phase II
- Mammoth Lakes
- $310,163
- 06/24/26
- 120
- 55.0%
- $77,541
- $139,573
- Southwest Brawley Street Maintenance Improvement Phase II
- Cupertino
- $2,559,234
- 06/01/26
- 120
- 74.2%
- $639,809
- $661,135
- Southwest Brawley Street Maintenance Improvement Phase II
- San Jose
- $4,136,795
- 05/25/26
- 120
- 80.0%
- $1,034,199
- $827,359
- Southwest Brawley Street Maintenance Improvement Phase II
- Rancho Santa Margarita
- $439,900
- 05/04/26
- 120
- 97.5%
- $109,975
- $10,998
- $7,178,623
- $18,773,416



