What is KEEL's business acquisitions pro forma revenue?

KEEL (KEEL) reported business acquisitions pro forma revenue of $57.84M in Q4 2025.

How has KEEL's business acquisitions pro forma revenue changed year-over-year?

KEEL's business acquisitions pro forma revenue increased by 16.8% year-over-year, from $49.51M to $57.84M.

What does business acquisitions pro forma revenue mean?

Estimated revenue for the combined entity as if recent business acquisitions had occurred at the beginning of the reporting period. This metric helps investors assess the scale and revenue impact of inorganic growth strategies.

KEEL KEEL Business Acquisitions Pro Forma Revenue

Business Acquisitions Pro Forma Revenue at other companies

HWK

HawkinsHWKN

$271.46K+7.8%

KEE

Keel Infrastructure Corp. Common StockKEEL

$57.84M+16.8%

Construction PartnersROAD

$773.96M+9.0%

The Baldwin Insurance Group, Inc.BWIN

$532.24M+9.0%

Antero ResourcesAR

$1.29M-44.0%

KEE

Keel Infrastructure Corp. Common StockKEEL

-$54M-243%

Other financials

Income statement

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Revenue$37.0M-22.4%

Gross profit-$26.3M-9,631%

Operating income-$98.4M-182%

Net income-$145.4M-162%

EPS (diluted)-$0.24-118%

Balance sheet

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Cash & equivalents$357.3M+827%

Total debt$591.0M—

Total equity$419.1M-36.6%

Total assets$1.1B—

Cash flow

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Operating cash flow-$64.7M-243%

CapEx$10.3M-76.2%

Free cash flow-$75.0M-20.6%

Valuation

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Market cap$3.99B—

Profitability

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Gross margin-7.9%-2.8pp

Operating margin-37.8%+2.0pp

Net margin-52%+24.6pp

FCF margin-259.9%+201pp

Returns & leverage

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Return on equity-6.1%-2.5pp

Debt / equity1.4×—

Current ratio9.6×—

Where this comes from

Reported directly by KEEL in its filing.

Tagged under the XBRL concept us-gaap:BusinessAcquisitionsProFormaRevenue.

The official record: KEEL’s 10-K, filed March 31, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is KEEL's business acquisitions pro forma revenue?: KEEL (KEEL) reported business acquisitions pro forma revenue of $57.84M in Q4 2025.
How has KEEL's business acquisitions pro forma revenue changed year-over-year?: KEEL's business acquisitions pro forma revenue increased by 16.8% year-over-year, from $49.51M to $57.84M.
What does business acquisitions pro forma revenue mean?: Estimated revenue for the combined entity as if recent business acquisitions had occurred at the beginning of the reporting period. This metric helps investors assess the scale and revenue impact of inorganic growth strategies.