EAGLE MATERIALS INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data EAGLE MATERIALS INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	1,211	1,387	1,310	1,404	1,623	1,862	2,148	2,259	2,261	2,309
Cost of revenue	899	1,048	962	1,061	1,214	1,342	1,509	1,574	1,587	1,656
Gross profit	312	339	348	343	408	520	639	685	673	653
Selling, general and administrative	90.9	104	91.2	122	106	103	119	135	149	167
General and administrative	33.9	41.2	37.4	65.4	49.5	46.8	53.6	59.8	73.9	89.2
Operating income	354	382	387	385	446	552	675	717
Interest expense	22.6	27.6	28.4	38.4	44.4	30.9	35.2	42.3	40.5	46.5
Interest income	0.04	0.01	0.12	0.03	0.07	0.04	0.42	1.04	1.72	6.16
Other non-operating income	2.14	3.73	1.84	-0.59	20.3	9.07	2.65	3.09	6.42	5.11
Pre-tax income	295	272	284	256	424	475	589	618	591	542
Income tax	96.3	15.3	60.3	24.5	89.9	101	127	140	128	118
Net income	198	257	68.9	70.9	339	374	462	478	463	424
EBITDA	446	496	509	499	575	681	813	867
EPS, basic	4.14	5.33	1.48	1.69	8.17	9.23	12.54	13.72	13.88	13.24
EPS, diluted	4.10	5.28	1.47	1.68	8.12	9.14	12.46	13.61	13.77	13.16
Shares, basic (weighted)	47.9	48.1	46.6	42	41.5	40.5	36.8	34.8	33.4	32
Shares, diluted (weighted)	48.4	48.6	46.9	42.3	41.8	40.9	37.1	35.1	33.6	32.2
Dividend per share	0.40	0.40	0.40	0.40	0.10	0.75	1.00	1.00	1.00	1.00

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	6.56	9.32	8.6	119	264	19.4	15.2	34.9	20.4	298
Receivables	136	142	129	146	147	176	195	203	212	229
Inventory	253	258	275	272	236	237	292	374	415	408
Other current assets	4.9	5.07	9.62	6.14	7.45	3.17	3.06	5.95	10.7	8.47
Total current assets	401	459	428	678	662	443	522	628	669	951
Property, plant and equipment	1,547	1,595	1,427	1,756	1,659	1,617	1,662	1,676	1,793	2,065
Lease right-of-use assets				29.5	23.9	23.9	20.8	19.4	29.3	29.3
Goodwill	198	205	198	332	329	329	381	393	470	471
Other non-current assets	14.7	14	17.7	10.6	15.9	19.5	14.1	24.1	37.8	51.9
Total assets	2,247	2,368	2,169	2,961	2,839	2,580	2,781	2,947	3,265	3,842
Accounts payable	92.2	73.5	80.9	84.2	84.2	114	110	127	130	139
Accrued liabilities	55.4	106	61.9	70.4	78.8	86.8	86.5	94.3	96.1	102
Short-term debt	81.2		36.5			0	10	10	15	15
Total current liabilities	230	179	179	170	169	208	213	239	245	260
Long-term debt	605	621	655	1,567	1,009	938	1,079	1,083	1,223	1,745
Lease liabilities				40.2	29.2	29.2	24.9	19	33.6	32.6
Other non-current liabilities	42.9	31.1	34.5	33.8	41.3	38.7	41.6	51.9	66	67
Total liabilities	1,044	950	960	1,993	1,480	1,446	1,595	1,638	1,808	2,367
Total debt	693	621	697	1,575	1,015	1,106	1,100	1,103	1,246	1,781
Paid-in capital	149	122		10.9	62.5	0	0	0	0	0
Retained earnings	1,061	1,299	1,212	960	1,300	1,136	1,189	1,312	1,459	1,479
Other comprehensive income	-7.4	-4.01	-3.32	-3.58	-3.44	-3.18	-3.55	-3.37	-3.13	-4.4
Shareholders' equity	1,203	1,418	1,209	968	1,359	1,134	1,186	1,309	1,457	1,475
Total equity	1,203	1,418	1,209	968	1,359	1,134	1,186	1,309	1,457	1,475
Total liabilities and equity	2,247	2,368	2,169	2,961	2,839	2,580	2,781	2,947	3,265	3,842
Shares outstanding	48.5	48.3	45.1	41.6	42.4	38.7	35.8	33	33	31.2

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	198	257	68.9	70.9	339	374	462	478	463	424
Depreciation and amortization	91.8	114	123	114	129	129	139	150	159	165
Stock-based compensation	12.1	14.1	15.1	19.8	15.3	14.3	17.2	19.9	18.7	21.3
Deferred income tax	2.2	-49.4	-2.71	113	12.4	6.3	4.59	7.92	-4.95	23.1
Change in receivables								-0.55	-7.9	-16.2
Change in inventory	-6.64	-5.11	-19	26.7	30	-0.91	-47.9	-67.2	-36.8	6.78
Change in payables	33.7	24.2	-31.9	17.3	9.54	27.2	-7.8	13.8	0.87	8.8
Cash from operations	332	338	350	399	643	517	542	564	549	614
Capital expenditures	-56.9	-132	-169	-132	-53.9	-74.1	-110	-120	-195	-417
Acquisitions	-400	-36.8		-699	0	0	-158	-55.1	-175	0
Cash from investing	-457	-169	-167	-831	37.1	-74.1	-269	-175	-370	-432
Debt issued	350							0	0	742
Debt repaid	-8	-81.2
Stock issued	22.1	24.3	2.1	3.3	40.5	21.4	5.42	17.1	6.38	0.54
Share buybacks	-60	-61.1	-272	-314	0	-590	-388	-343	-298	-382
Dividends paid	-19.3	-19.4	-18.9	-17.1	-4.16	-30.8	-37.5	-35.3	-33.7	-32.4
Cash from financing	127	-127	-223	542	-530	-692	-277	-369	-193	95.1
Net change in cash	1.17	41.5	-39.5	110	150	-249	-4.17	19.7	-14.5	278
Free cash flow	275	206	181	267	589	443	432	444	353	197
Interest paid	19	28.9	28.2	37.6	42.3	21.3	31.6	43.7	42.4	58.8
Income taxes paid	76.1	69.5	40	20	32.9	86.4	132	124	141	91.8

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $178.49 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	27.0%	Gross profit / revenue.
Pre-tax margin	22.2%	Pre-tax income / revenue.
Net margin	17.3%	Net income / revenue.
FCF margin	7.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	27.2%	Cash from operations / revenue.
Effective tax rate	22.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	27.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	10.3%	Net income / average total assets.
Stock-based pay / revenue	0.9%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	19.8%	Capital expenditures / revenue.
D&A / revenue	7.1%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	2.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	2.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	7.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-3.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	0.7%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	9.8%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-8.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-2.8%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	4.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-4.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	1.8%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	10.1%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	12.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	4.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-0.9%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-44.1%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-22.9%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-19.6%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	0.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	58.5%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	1.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	7.5%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	1.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	17.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	11.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	6.2%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-4.3%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-4.6%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-5.1%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	3.23x	Current assets / current liabilities.
Quick ratio	1.83x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.81x	(Cash + short-term investments) / current liabilities.
Debt / equity	1.18x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	45.0%	Total debt / total assets.
Liabilities / assets	62.0%	Total liabilities / total assets.
Net debt	$1.52B	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	$641.8M	Current assets - current liabilities.
Goodwill and intangibles / assets	12.0%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.02B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.59x	Revenue / average total assets.
Fixed asset turnover	1.08x	Revenue / average property, plant and equipment.
Inventory turnover	4.47x	Cost of revenue / average inventory.
Days inventory	82 days	365 x average inventory / cost of revenue.
Receivables turnover	7.91x	Revenue / average receivables.
Days sales outstanding	46 days	365 x average receivables / revenue.
Days payables	34 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	94 days	Days inventory + days sales outstanding - days payables.
FCF conversion	42.4%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	73.0%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$12.95	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$74.78	Revenue / diluted weighted shares.
FCF per share	$5.48	Free cash flow / diluted weighted shares.
Operating cash flow per share	$20.33	Cash from operations / diluted weighted shares.
Book value per share	$48.27	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$32.99	Tangible book value / shares outstanding.
Cash per share	$7.58	(Cash + short-term investments) / shares outstanding.
Payout ratio	8.0%	Dividends paid / net income, when net income is positive.
Dividends / FCF	18.8%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	227.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$5.48B	Share price x shares outstanding.
Enterprise value	$7.00B	Market cap + total debt - cash - short-term investments.
P/E	13.6x	Market cap / net income. Only when net income is positive.
P/S	2.36x	Market cap / revenue.
P/B	3.68x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	5.39x	Market cap / tangible book value, when positive.
P/FCF	32.1x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	8.66x	Market cap / cash from operations, when positive.
EV/Sales	3.01x	Enterprise value / revenue.
EV/FCF	41.0x	Enterprise value / free cash flow, when both are positive.
FCF yield	3.1%	Free cash flow / market cap.
Earnings yield	7.4%	Net income / market cap (the inverse of P/E).
Dividend yield	0.6%	Dividends paid over the period / market cap.
Shareholder yield	7.7%	(Dividends paid + share buybacks) / market cap.
PEG	7.40x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was EAGLE MATERIALS INC's revenue in fiscal 2026?

EAGLE MATERIALS INC reported revenue of $2.31B for fiscal 2026, 2.1% higher than the year before.

Was EAGLE MATERIALS INC profitable in fiscal 2026?

Yes. Net income was $423.8M, a net margin of 18.4%.

How much free cash flow did EAGLE MATERIALS INC generate in fiscal 2026?

Cash from operations of $614.2M minus capital expenditures of $416.7M left free cash flow of $197.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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