- Harper Brothers - TX
- 2026
- 21
- 1
- 4.76%
- $74,036,474
- 6.03%
- 34.13%
- 8.97%
- $801,481,533
- Harper Brothers - CO
- 2026
- 4
- 1
- 25.00%
- $20,722,238
- 2.44%
- 42.93%
- 16.05%
- $30,181,572
The major cash flow decline is expected when high-completion projects begin winding down and the large Peoria project becomes the primary revenue source.
Short-Term (Next 3-6 Months):
Cash flow is expected to remain stable or increase slightly as new projects continue ramping up.
Medium-Term (6-12 Months):
Several projects will approach completion, reducing revenue diversification.
Potential Major Risk Period:
Late 2026 through Mid-2027.
Recommended Action:
Begin securing additional work within the next 3-4 months.
How Much New Work Is Needed?
To maintain approximately $4.5M monthly cash flow, the contractor should maintain 18-24 months of active backlog.
Current remaining backlog is approximately $104M, representing about 22-23 months of work at the current burn rate.
Recommendation:
- Secure $40M-$60M in new backlog over the next 6-9 months.
- Target $20M-$30M of new work before year-end.
- Prioritize contracts that can start between Q4 2026 and Q2 2027.
- Maintain a minimum backlog of $80M-$100M to avoid significant cash flow reductions.

