- IOC Company
- 2026
- 11
- 5
- 45.45%
- $104,304,370
- 5.33%
- 19.60%
- 13.91%
- $394,146,263

IOC's **45.5%** 2026 success rate delivered **$104M** in awards, bolstering near-term cash flow from the **$211M** backlog. Recent Hidalgo projects with **$88M** combined remaining value are positioned for steady billings over the next several months.
Medium-term Outlook (6-12 months)
Execution of the **$93M** Pharr 0255-07-140 and other 2025 awards (**$175M** total low) should sustain revenue through mid-2027. Margin improvement to **5.33%** left on low supports stronger operating cash generation versus prior years.
Key Risk Period
Cash flow pressure may emerge after 2027 once the largest long-duration Pharr contracts (**$118M** aggregate remaining) near completion without offsetting new wins at 2024-2026 volumes.
Recommendations
Maintain bidding volume above 15 jobs per year to sustain **45%+** win rates and accelerate backlog conversion on shorter-duration projects. Implement monthly cash-flow forecasting tied to the **$211M** remaining backlog to identify funding gaps early.
- Hidalgo FM 907 1586-01-085
- TXDOT
- $6,373,926
- 8/5/26
- Zavala US 83 0037-02-060
- TXDOT
- $21,284,802
- 8/5/26
- Webb IH 35 0018-06-185
- TXDOT
- $104,119,421
- 6/2/26
- Hidalgo FM 491 0861-01-071
- TXDOT
- $8,162,839
- 6/2/26
- Hidalgo US 281 0255-06-073
- TXDOT
- $62,131,044
- 5/7/26
- Hidalgo FM 676 1064-01-027
- TXDOT
- $26,656,017
- 5/7/26
- Hidalgo FM 2220 2094-01-063
- TXDOT
- $25,599,270
- 5/6/26
- Cameron FM 1419 1426-01-058
- TXDOT
- $7,826,503
- 4/8/26
- Maverick SL 480 0299-14-010
- TXDOT
- $118,328,068
- 4/7/26
- Starr US 83 0038-07-080
- TXDOT
- $2,373,627
- 1/7/26
- Cameron FM 2556 2529-02-014
- TXDOT
- $11,290,746
- 1/6/26
- Hidalgo FM 907 1586-01-085
- TXDOT
- $6,373,926
- 10/04/26
- 354
- 0%
- -
- $6,373,926
- Cameron FM 2556 2529-02-014
- TXDOT
- $62,131,044
- 07/06/26
- 596
- 8.4%
- $3,127,402
- $56,918,708
- Cameron FM 2556 2529-02-014
- TXDOT
- $25,599,270
- 07/05/26
- 670
- 7.6%
- $1,146,236
- $23,650,669
- Cameron FM 2556 2529-02-014
- TXDOT
- $7,826,503
- 06/07/26
- 112
- 70.5%
- $2,096,385
- $2,306,023
- Cameron FM 2556 2529-02-014
- TXDOT
- $165,009,688
- 03/08/25
- 1200
- 44.7%
- $4,125,242
- $91,305,361
- Cameron FM 2556 2529-02-014
- TXDOT
- $20,273,402
- 11/04/24
- 1200
- 55.0%
- $506,835
- $9,123,031
- Cameron FM 2556 2529-02-014
- TXDOT
- $12,411,801
- 11/04/24
- 800
- 82.5%
- $465,443
- $2,172,065
- Cameron FM 2556 2529-02-014
- TXDOT
- $32,096,791
- 08/04/24
- 1200
- 62.7%
- $802,420
- $11,982,802
- Cameron FM 2556 2529-02-014
- TXDOT
- $33,170,886
- 07/04/23
- 1200
- 95.8%
- $829,272
- $1,409,763
- $13,099,235
- $205,242,348


