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James Hardie Industries vs Smith Midland: revenue, profit, margins and growth compared

James Hardie Industries brought in $4.8B of revenue in fiscal 2026, Smith Midland $93.4M in fiscal 2025. Revenue changed by +24.7% at James Hardie Industries and +19.0% at Smith Midland on the year before, so James Hardie Industries grew faster. James Hardie Industries kept 2.2% of its revenue as net profit, Smith Midland 13.4%. Free cash flow was $205.9M at James Hardie Industries and $5M at Smith Midland.

Side by side, latest fiscal year

JHXSMID
Fiscal year endedFY2026 (March 31, 2026)FY2025 (December 31, 2025)
Revenue$4.8B$93.4M
Revenue growth+24.7%+19.0%
Net income$104M$12.5M
Net margin2.2%13.4%
Free cash flow$205.9M$5M
Free cash flow margin4.3%5.3%
Earnings per share (diluted)$0.19$2.36
Cash$269.2M$11.9M
Debt$4.5Bn/a
Price to earnings133.610.2
Market value$14.7B$127.9M
Dividend yieldn/an/a
Rank by revenue in sector#131 of 587 · Industrials#405 of 587 · Industrials

Over the years

Revenue
JHX FY2019: $2.5BJHX FY2020: $2.6BJHX FY2021: $2.9BJHX FY2022: $3.6BJHX FY2023: $3.8BJHX FY2024: $3.9BJHX FY2025: $3.9BJHX FY2026: $4.8BSMID FY2018: $40.2MSMID FY2019: $46.7MSMID FY2020: $43.9MSMID FY2021: $50.6MSMID FY2022: $50.1MSMID FY2023: $59.6MSMID FY2024: $78.5MSMID FY2025: $93.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
JHX $4.8BSMID $93.4M
Net income
JHX FY2019: $228.8MJHX FY2020: $241.5MJHX FY2021: $262.8MJHX FY2022: $459.1MJHX FY2023: $512MJHX FY2024: $510.2MJHX FY2025: $424MJHX FY2026: $104MSMID FY2018: $1.7MSMID FY2019: $1.9MSMID FY2020: $2.7MSMID FY2021: $7.6MSMID FY2022: $800KSMID FY2023: $795KSMID FY2024: $7.7MSMID FY2025: $12.5MFY18FY19FY20FY21FY22FY23FY24FY25FY26
JHX $104MSMID $12.5M
Net margin
JHX FY2019: 9.1%JHX FY2020: 9.3%JHX FY2021: 9.0%JHX FY2022: 12.7%JHX FY2023: 13.6%JHX FY2024: 13.0%JHX FY2025: 10.9%JHX FY2026: 2.2%SMID FY2018: 4.2%SMID FY2019: 4.2%SMID FY2020: 6.1%SMID FY2021: 14.9%SMID FY2022: 1.6%SMID FY2023: 1.3%SMID FY2024: 9.8%SMID FY2025: 13.4%FY18FY19FY20FY21FY22FY23FY24FY25FY26
JHX 2.2%SMID 13.4%
Revenue growth
JHX FY2020: +4.0%JHX FY2021: +11.6%JHX FY2022: +24.3%JHX FY2023: +4.5%JHX FY2024: +4.2%JHX FY2025: -1.5%JHX FY2026: +24.7%SMID FY2019: +16.1%SMID FY2020: -6.1%SMID FY2021: +15.5%SMID FY2022: -1.0%SMID FY2023: +18.8%SMID FY2024: +31.8%SMID FY2025: +19.0%FY19FY20FY21FY22FY23FY24FY25FY26
JHX +24.7%SMID +19.0%
Free cash flow
JHX FY2019: -$13.5MJHX FY2020: $257.4MJHX FY2021: $676.2MJHX FY2022: $499.4MJHX FY2023: $16.3MJHX FY2024: $464.9MJHX FY2025: $380.6MJHX FY2026: $205.9MSMID FY2018: $3.2MSMID FY2019: -$581KSMID FY2020: $4.9MSMID FY2021: $3.8MSMID FY2022: -$9.1MSMID FY2023: $2.7MSMID FY2024: -$1MSMID FY2025: $5MFY18FY19FY20FY21FY22FY23FY24FY25FY26
JHX $205.9MSMID $5M

Fiscal years as each company reports them; the two may end in different months.

Questions about James Hardie Industries and Smith Midland

Which is bigger by revenue, James Hardie Industries or Smith Midland?

James Hardie Industries is bigger by revenue: $4.8B in fiscal 2026, against $93.4M for Smith Midland in fiscal 2025.

Which keeps more of its revenue as profit, James Hardie Industries or Smith Midland?

James Hardie Industries had a net margin of 2.2% in fiscal 2026; Smith Midland had 13.4% in fiscal 2025.

Which grew revenue faster, James Hardie Industries or Smith Midland?

In their latest fiscal years revenue changed by +24.7% at James Hardie Industries and +19.0% at Smith Midland.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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