- Combs Construction Company LLC
- 2026
- 44
- 11
- 25.00%
- $23,554,776
- 6.08%
- 26.87%
- 10.46%
- $241,959,712

Combs Construction maintains steady cash flow from its **$21.3M** remaining backlog, with near-term revenue supported by active 2026 projects such as 75th Ave Reconstruction (**$2.9M** est. remaining) and Payson Show Low (**$1.9M**). Multiple JOC contracts provide consistent monthly billings despite long durations. Bidding momentum from **$229M** in 2026 submissions at a 25% success rate positions the firm for additional awards.
Medium-term Outlook (6-12 months)
The **$21.3M** backlog will continue to convert over extended timelines, supplemented by potential wins from the ongoing high-volume bid pipeline seen in prior years (**$186M** total bid in 2025). Average left on low of 4.63-6.69% supports margin stability on secured work. Growth depends on converting 2026 bid activity into new backlog.
Key Risk Period
Extended contract durations up to 365 months on JOC projects create prolonged cash flow drag and resource commitment, with risk peaking in late 2026 into 2027 if new awards lag. The consistent 25-27% success rate limits backlog replenishment relative to bid volume.
Recommendations
Prioritize shorter-duration projects in the bid strategy to accelerate cash conversion and reduce duration risk. Monitor monthly burn rates on the **$21.3M** backlog to maintain liquidity.
- (CMAR) Agua Fria Trail Pedestrian Bridge
- Avondale
- 8/17/26
- Bus Pull Outs 16th St (YUM-0-(230)T)
- ADOT
- 7/31/26
- 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
- Taxiway A Reconstruction Drainage Improvements Phase 1
- Cottonwood
- $1,020,099
- 8/24/26
- Gilbert Stacey Rd Higley Rd (GIL-0-(223)T)
- ADOT
- $1,643,000
- 8/21/26
- (CMAR) Agua Fria Trail Pedestrian Bridge
- Avondale
- $7,956,000
- 8/17/26
- Woolford Rd Whipple Rd (SLW-0(208)T)
- ADOT
- $2,299,305
- 8/14/26
- Superior Panther Dr (SUP-0-(203)T)
- ADOT
- $1,168,100
- 8/7/26
- Snowflake (SNW-0-(202)T)
- ADOT
- $1,649,865
- 8/7/26
- Bus Pull Outs 16th St (YUM-0-(230)T)
- ADOT
- $291,488
- 7/31/26
- Globe Lordsburg US 70 (070-A-(228)T)
- ADOT
- $11,795,189
- 7/31/26
- Oro Valley Honeybee Wash (0RV-0-(206)T)
- ADOT
- $866,000
- 7/17/26
- Construct Exit Taxiways B9 B15
- Scottsdale
- $1,926,438
- 7/10/26
- Southern Avenue 51st Avenue 37th Lane
- Maricopa County
- $15,522,974
- 7/9/26
- 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
- (CMAR) Agua Fria Trail Pedestrian Bridge
- Avondale
- $7,956,000
- 10/16/26
- 180
- 0%
- -
- $7,956,000
- Bus Pull Outs 16th St (YUM-0-(230)T)
- ADOT
- $291,488
- 09/29/26
- 85
- 0%
- -
- $291,488
- Sedona Shelby Dr (SED-0-(204)T)
- ADOT
- $795,500
- 08/18/26
- 110
- 6.4%
- $216,955
- $744,877
- Sedona Shelby Dr (SED-0-(204)T)
- Glendale - AZ
- $3,052,367
- 08/02/26
- 150
- 15.3%
- $610,473
- $2,584,337
- Sedona Shelby Dr (SED-0-(204)T)
- Glendale - AZ
- $780,546
- 07/26/26
- 120
- 25.0%
- $195,137
- $585,410
- Sedona Shelby Dr (SED-0-(204)T)
- Glendale - AZ
- $780,546
- 07/26/26
- 60
- 51.7%
- $390,273
- $377,264
- Sedona Shelby Dr (SED-0-(204)T)
- Glendale - AZ
- $2,221,794
- 06/14/26
- 180
- 40.0%
- $370,299
- $1,333,076
- Sedona Shelby Dr (SED-0-(204)T)
- ADOT
- $4,248,037
- 06/09/26
- 115
- 67.0%
- $1,108,184
- $1,403,699
- Sedona Shelby Dr (SED-0-(204)T)
- ADOT
- $2,480,223
- 04/21/26
- 180
- 70.0%
- $413,371
- $744,067
- Sedona Shelby Dr (SED-0-(204)T)
- Mohave County
- $900,000
- 04/11/26
- 365
- 37.3%
- $73,973
- $564,658
- Sedona Shelby Dr (SED-0-(204)T)
- Maricopa County
- $15,068,239
- 12/29/25
- 365
- 65.5%
- $1,238,485
- $5,201,639
- Sedona Shelby Dr (SED-0-(204)T)
- Prescott
- $5,000,000
- 10/25/25
- 365
- 83.3%
- $410,959
- $835,616
- Sedona Shelby Dr (SED-0-(204)T)
- Glendale - AZ
- $4,000,000
- 06/02/25
- 1100
- 40.8%
- $109,091
- $2,367,273
- Sedona Shelby Dr (SED-0-(204)T)
- Chandler
- $3,000,000
- 07/22/24
- 1400
- 54.6%
- $64,286
- $1,360,714
- Sedona Shelby Dr (SED-0-(204)T)
- Peoria
- $15,000,000
- 02/06/22
- 1700
- 97.7%
- $264,706
- $344,118
- $5,466,192
- $26,694,236


