- Patin Construction
- 2026
- 32
- 7
- 21.88%
- $77,085,702
- 5.47%
- 20.40%
- 11.78%
- $162,094,165

Patin Construction enters the period with strong momentum from **$70.5M** in 2026 low bids, including multiple large roadway projects such as **$18.9M** Center Street and **$18.3M** Pflugerville Immanuel. The **$133M** total backlog provides immediate cash flow visibility through active contracts with durations extending 120+ months. Execution focus should remain on mobilization of the six recently awarded jobs to maintain positive operating cash.
Medium-term Outlook (6-12 months)
Work-off of the **$133M** backlog will accelerate as shorter-duration 2025 and 2024 projects (**$16M** and **$34.7M** respectively) reach completion, requiring steady new awards to avoid revenue gaps. Success rate improvement to 20% in 2026 supports continued bidding volume of **$149M** annually, but conversion must be sustained above historical averages. Cash flow remains stable provided change orders and retainage collections align with the long contract durations.
Key Risk Period
The 12-18 month window presents the highest exposure once the current **$70.5M** 2026 awards begin to wind down without corresponding 2027 wins. Historical volatility in success rates (10.8%-22.7%) and average left-on-low margins of 3.62%-7.16% could pressure liquidity if bid volume declines or project durations extend further.
Recommendations
Prioritize selective bidding on high-probability TX municipal roadway and utility packages to replenish backlog above **$100M**. Implement monthly cash flow forecasting tied to the **$133M** backlog burn rate and negotiate accelerated payment terms on long-duration contracts.
- Heritage Trail East
- Round Rock
- 6/12/26
- Old Howard Road Wendland Road Northlink Drive
- Temple City
- 6/9/26
- City Park Parking Lot Expansion
- Liberty Hill
- 6/3/26
- Waterleaf Steeplechase Parks Parking Lot Improvements
- Kyle
- 4/9/26
- Center Street Road Bond
- Kyle
- 3/19/26
- East Pflugerville Parkway Colorado Sands Drive Weiss Lane Roadway
- Pflugerville
- 3/3/26
- Pflugerville Immanuel Road
- Pflugerville
- 2/18/26
- Little River Academy S King S Trail Street Improvements
- KPA Engineers
- $155,805
- 7/14/26
- 202654 D B Wood Road Phase IIA Oak Ridge Road Williams Drive
- Georgetown
- $6,349,670
- 7/8/26
- Heritage Trail East
- Round Rock
- $6,591,624
- 6/12/26
- 5th Murphy Waterline Replacement
- Taylor
- $430,873
- 6/10/26
- Old Howard Road Wendland Road Northlink Drive
- Temple City
- $15,611,571
- 6/9/26
- City Park Parking Lot Expansion
- Liberty Hill
- $2,701,397
- 6/3/26
- Bobwhite Rd 30 Inch Water Main Phase 3
- County Line Special Utility District (CLSUD)
- $2,555,178
- 5/28/26
- Smyers Lane County Road 122 Rehabilitation
- Round Rock
- $1,430,129
- 5/19/26
- Maxwell Sud 16 Inch Pvc Pipeline From Jolly Road Sh 142
- Maxwell Special Utility District
- $973,270
- 5/19/26
- Bastrop FM 969 1186-02-028
- TXDOT
- $3,867,053
- 5/6/26
- Wastewater Line Extension Plan Taylor Edc
- Taylor EDC
- $610,049
- 5/5/26
- 26IFB40 CR 267 Reconstruction
- Williamson County
- $1,188,567
- 5/5/26
- E Central Avenue Bridge Replacement
- Belton
- $5,277,891
- 5/5/26
- 26IFB33 North Barker Street
- Williamson County
- $992,240
- 4/15/26
- Waterleaf Steeplechase Parks Parking Lot Improvements
- Kyle
- $2,390,688
- 4/9/26
- Church Street Wastewater Improvements
- Georgetown
- $1,319,825
- 4/9/26
- Avenue A Improvements Phase I
- Temple
- $1,860,860
- 4/2/26
- Chandler Road CR 119 Intersection Improvements
- Round Rock
- $943,605
- 3/26/26
- Kyle Parkway Waterline Part I
- Kyle
- $4,472,907
- 3/19/26
- Center Street Road Bond
- Kyle
- $18,940,105
- 3/19/26
- Meadows Dr Water Wastewater Storm Drain Improvements Area 2 4
- Round Rock
- $6,878,911
- 3/18/26
- Elgin County Line Road Phase Ii Kennedy Street
- Elgin
- $9,567,858
- 3/5/26
- East Pflugerville Parkway Colorado Sands Drive Weiss Lane Roadway
- Pflugerville
- $12,572,533
- 3/3/26
- Georgetown Neighborhood Park Improvements Waypoint Park Vista Vera Park Madison Oaks Park Donegal P
- Georgetown
- $841,838
- 2/26/26
- City Park East Parking Lot
- Buda
- $821,170
- 2/26/26
- Pflugerville Immanuel Road
- Pflugerville
- $18,277,784
- 2/18/26
- Rosebud 2023 Cdbg Water Line
- Rosebud
- $413,050
- 2/17/26
- 2026 Downtown Sidewalk Improvements
- Georgetown
- $2,084,145
- 2/12/26
- Hwy 80 Utility Relocations (REBID)
- Sunnyvale - TX
- $15,554,526
- 2/12/26
- Williamson FM 3405 1755-03-010
- TXDOT
- $3,287,395
- 2/5/26
- Williamson FM 487 1201-02-026
- TXDOT
- $3,983,934
- 2/5/26
- 2025 Curb Replacement
- Taylor
- $179,500
- 1/28/26
- Windy Hill Road Improvements
- Kyle
- $9,124,019
- 1/15/26
- Heritage Trail East
- Round Rock
- $6,591,624
- 08/11/26
- 120
- 0%
- -
- $6,591,624
- Old Howard Road Wendland Road Northlink Drive
- Temple City
- $15,611,571
- 08/08/26
- 120
- 0%
- -
- $15,611,571
- City Park Parking Lot Expansion
- Liberty Hill
- $2,701,397
- 08/02/26
- 120
- 0%
- -
- $2,701,397
- Windy Hill Road Improvements
- Kyle
- $2,390,688
- 06/08/26
- 120
- 30.8%
- $597,672
- $1,653,559
- Windy Hill Road Improvements
- Kyle
- $18,940,105
- 05/18/26
- 860
- 6.7%
- $660,701
- $17,662,749
- Windy Hill Road Improvements
- Pflugerville
- $12,572,533
- 05/02/26
- 535
- 13.8%
- $705,002
- $10,833,528
- Windy Hill Road Improvements
- Pflugerville
- $18,277,784
- 04/19/26
- 517
- 16.8%
- $1,060,606
- $15,202,025
- $3,023,981
- $70,256,453


