- Combs Construction Company LLC
- 2026
- 33
- 9
- 27.27%
- $15,307,288
- 7.02%
- 27.29%
- 11.44%
- $195,821,254

Combs Construction maintains a solid **$62.7M** backlog supported by recent 2026 wins including the **$3.1M** 75th Ave Reconstruction and **$4.2M** Payson Show Low projects. Multiple June 2026 bids position the firm for steady mobilization and progress billings through year-end. Long contract durations averaging over 100 months will moderate near-term cash inflows.
Medium-term Outlook (6-12 months)
Execution of the **$27.3M** 35th Ave Safety Corridor and several JOC awards should drive revenue recognition into 2027. Bidding volume remains healthy at 28% success in 2026, sustaining backlog replenishment. Average left on low of 7% indicates disciplined pricing that supports margin stability.
Key Risk Period
Extended durations on most active contracts create cash flow lag risk between mid-2027 and 2028 as current backlog burns off. Lower 2025 success rate of 24% and reliance on a few large awards heighten vulnerability if bid volumes decline.
Recommendations
Prioritize shorter-duration projects in upcoming bids to accelerate cash conversion. Monitor monthly burn rate against the **$62.7M** backlog and maintain bid discipline above 25% win rate to avoid gaps.
- Prescott Telephone Rd (999-A(647)T)
- ADOT
- 6/19/26
- 75th Ave Reconstruction Beardsley Rd Deer Valley Rd
- Glendale - AZ
- 6/3/26
- 67th Ave & Greenway Rd Intersection Improvements
- Glendale - AZ
- 5/27/26
- 59th Avenue Northern Avenue Intersection Improvements
- Glendale - AZ
- 5/27/26
- 75th Avenue Reconstruction Glendale Ave Northern Ave
- Glendale - AZ
- 4/15/26
- Payson Show Low (260-B-NFA)(260-B-(232)T)
- ADOT
- 4/10/26
- Cordes Jct (017-B-(236)T)
- ADOT
- 2/20/26
- (JOC) Earthworks Channel Maintenance
- Mohave County
- 2/10/26
- Lake Havasu Swanson Ave (LHV-0-(214)T)
- ADOT
- 1/30/26
- Prescott Telephone Rd (999-A(647)T)
- ADOT
- $795,500
- 6/19/26
- Sedona Airport Helicopter Six Pack Reconstruction
- Yavapai County
- $653,302
- 6/18/26
- Terminal Apron Pavement Reconstruction Casa Grande Airport
- Casa Grande
- $1,497,767
- 6/16/26
- Apache Road West Half Watkins Road Yuma Road Roadway Improvements
- Buckeye
- $2,903,751
- 6/11/26
- Gila Bend Lukeville Qilotosa (085-A-(210)T)
- ADOT
- $2,950,373
- 6/5/26
- 75th Ave Reconstruction Beardsley Rd Deer Valley Rd
- Glendale - AZ
- $3,052,367
- 6/3/26
- Olive Ave SR 303L Reems Road
- Maricopa County
- $21,339,376
- 5/28/26
- 67th Ave & Greenway Rd Intersection Improvements
- Glendale - AZ
- $780,546
- 5/27/26
- 59th Avenue Northern Avenue Intersection Improvements
- Glendale - AZ
- $780,546
- 5/27/26
- Camelback Road SR303L City Limits
- Goodyear
- $17,239,244
- 5/26/26
- Skunk Creek Crossing Desert Hills Drive
- Maricopa County
- $6,640,003
- 5/22/26
- Broadway Road Watson Road Intersection Improvements
- Buckeye
- $6,065,393
- 5/13/26
- Mohave Rattlesnake Detention Basin Construction Phase 2
- Mohave County
- $3,645,176
- 5/12/26
- Wintersburg Rd Van Buren St Salome Hwy
- Maricopa County
- $1,472,963
- 5/7/26
- Cotton Lane Improvements Estrella Parkway Cotton Lane Bridge
- Goodyear
- $8,517,333
- 5/6/26
- Oracle Jct Florence (079-A-(214)T)
- ADOT
- $6,885,415
- 4/24/26
- Yavapai Iron Springs Rd (YYV-0-(213)T)(YYV-0-214)T)
- ADOT
- $7,670,988
- 4/17/26
- Hot Mix Asphalt Repairs
- Lake Havasu
- $844,000
- 4/15/26
- 75th Avenue Reconstruction Glendale Ave Northern Ave
- Glendale - AZ
- $2,221,794
- 4/15/26
- Hwy 89 Smokerise Rebuild
- Flagstaff
- $1,598,810
- 4/10/26
- Payson Show Low (260-B-NFA)(260-B-(232)T)
- ADOT
- $4,248,037
- 4/10/26
- Annual Concrete Repairs and Improvements
- Lake Havasu
- $1,304,194
- 4/8/26
- Loop 101 Rio Salado Pkwy McKellips Rd Pavement Rehabilitation
- ADOT
- $5,757,325
- 4/3/26
- Phase VI Old Town Las Ligas ADA Sidewalks
- Avondale
- $243,693
- 3/5/26
- Acoma Blvd Street Improvements
- Lake Havasu
- $6,116,704
- 3/4/26
- 56th Street Thomas Rd Indian School Rd Phase 2 Bike Pedestrian Improvements
- Phoenix
- $29,468,633
- 3/3/26
- Airport Terminal 3 North Concourse 2 Apron Construction
- Phoenix
- $21,635,776
- 3/3/26
- Camp Verde Sports Complex Walkway ADA Parking Improvements
- Camp Verde
- $992,980
- 3/3/26
- Cordes Jct (017-B-(236)T)
- ADOT
- $2,480,223
- 2/20/26
- (JOC) Earthworks Channel Maintenance
- Mohave County
- $900,000
- 2/10/26
- Wickenburg Phx (060-B-(230)T)
- ADOT
- $23,374,538
- 2/6/26
- Lake Havasu Swanson Ave (LHV-0-(214)T)
- ADOT
- $48,275
- 1/30/26
- Sedona Shelby Dr (SED-0-(204)T)
- ADOT
- $1,696,229
- 1/16/26
- Prescott Telephone Rd (999-A(647)T)
- ADOT
- $795,500
- 08/18/26
- 110
- 0%
- -
- $795,500
- 75th Ave Reconstruction Beardsley Rd Deer Valley Rd
- Glendale - AZ
- $3,052,367
- 08/02/26
- 150
- 0%
- -
- $3,052,367
- 67th Ave & Greenway Rd Intersection Improvements
- Glendale - AZ
- $780,546
- 07/26/26
- 120
- 0%
- -
- $780,546
- 59th Avenue Northern Avenue Intersection Improvements
- Glendale - AZ
- $780,546
- 07/26/26
- 60
- 0%
- -
- $780,546
- Sedona Shelby Dr (SED-0-(204)T)
- Glendale - AZ
- $2,221,794
- 06/14/26
- 180
- 11.7%
- $370,299
- $1,962,585
- Sedona Shelby Dr (SED-0-(204)T)
- ADOT
- $4,248,037
- 06/09/26
- 115
- 22.6%
- $1,108,184
- $3,287,611
- Sedona Shelby Dr (SED-0-(204)T)
- ADOT
- $2,480,223
- 04/21/26
- 180
- 41.7%
- $413,371
- $1,446,797
- Sedona Shelby Dr (SED-0-(204)T)
- Mohave County
- $900,000
- 04/11/26
- 365
- 23.3%
- $73,973
- $690,411
- Sedona Shelby Dr (SED-0-(204)T)
- Prescott
- $5,000,000
- 10/25/25
- 365
- 69.3%
- $410,959
- $1,534,247
- Sedona Shelby Dr (SED-0-(204)T)
- ADOT
- $847,334
- 10/14/25
- 310
- 85.2%
- $82,000
- $125,733
- Sedona Shelby Dr (SED-0-(204)T)
- ADOT
- $3,585,553
- 08/12/25
- 365
- 89.6%
- $294,703
- $373,290
- Sedona Shelby Dr (SED-0-(204)T)
- Glendale - AZ
- $4,000,000
- 06/02/25
- 1100
- 36.2%
- $109,091
- $2,552,727
- Sedona Shelby Dr (SED-0-(204)T)
- Buckeye
- $2,000,000
- 08/17/24
- 730
- 94.2%
- $82,192
- $115,068
- Sedona Shelby Dr (SED-0-(204)T)
- Chandler
- $3,000,000
- 07/22/24
- 1400
- 51.0%
- $64,286
- $1,470,000
- Sedona Shelby Dr (SED-0-(204)T)
- Peoria
- $15,000,000
- 02/06/22
- 1700
- 94.7%
- $264,706
- $794,118
- $3,273,764
- $19,761,546


