Eagle Materials (EXP) Financials

$210.68 -6.38 (-2.94%)

As of 03:34 PM Eastern

Annual Income Statements for Eagle Materials

This table shows Eagle Materials' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	187	153	198	257	69	71	339	374	462	478	463
Consolidated Net Income / (Loss)	187	153	198	257	69	71	339	374	462	478	463
Net Income / (Loss) Continuing Operations	187	153	198	257	224	231	334	0.00	462	478	463
Total Pre-Tax Income	253	219	295	272	284	256	424	475	589	618	591
Total Operating Income	220	194	273	252	272	252	359	473	586	626	599
Total Gross Profit	254	232	312	339	348	343	408	520	639	685	673
Total Revenue	1,066	1,143	1,211	1,387	1,310	1,404	1,623	1,862	2,148	2,259	2,261
Operating Revenue	1,066	1,143	1,211	1,387	1,310	1,404	1,623	1,862	2,148	2,259	2,261
Total Cost of Revenue	812	912	899	1,048	962	1,061	1,214	1,342	1,509	1,574	1,587
Operating Cost of Revenue	812	912	899	1,048	962	1,061	1,214	1,342	1,509	1,574	1,587
Total Operating Expenses	34	37	39	86	76	91	50	47	54	60	74
Selling, General & Admin Expense	31	37	34	41	37	65	50	47	54	60	74
Total Other Income / (Expense), net	33	25	22	20	12	3.57	65	2.28	2.96	-7.59	-7.71
Interest Expense	12	17	23	28	28	38	44	39	35	42	41
Interest & Investment Income	45	39	42	43	39	43	37	32	35	32	26
Other Income / (Expense), net	-	2.33	2.14	3.73	1.84	-0.59	72	9.07	2.65	3.09	6.42
Income Tax Expense	66	67	96	15	60	25	90	101	127	140	128
Basic Earnings per Share	$3.77	$3.08	$4.14	$5.33	$1.48	$1.69	$8.17	$9.23	$12.54	$13.72	$13.88
Weighted Average Basic Shares Outstanding	49.60M	49.47M	47.93M	48.14M	46.62M	42.02M	41.54M	40.55M	36.80M	34.81M	33.38M
Diluted Earnings per Share	$3.71	$3.05	$4.10	$5.28	$1.47	$1.68	$8.12	$9.14	$12.46	$13.61	$13.77
Weighted Average Diluted Shares Outstanding	50.37M	50.07M	48.36M	48.65M	46.93M	42.29M	41.83M	40.93M	37.05M	35.10M	33.65M
Weighted Average Basic & Diluted Shares Outstanding	49.60M	49.50M	47.90M	48.10M	46.50M	41.62M	42.38M	38.20M	35.39M	33.92M	32.70M
Cash Dividends to Common per Share	$0.40	$0.40	$0.40	$0.40	$0.40	$0.40	$0.10	$0.75	$1.00	$1.00	$1.00

This table shows Eagle Materials' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	121	151	129	64	134	144	120	66	123	137	103
Consolidated Net Income / (Loss)	121	151	129	64	134	144	120	66	123	137	103
Net Income / (Loss) Continuing Operations	121	151	129	-414	134	144	120	66	123	137	103
Total Pre-Tax Income	155	194	167	86	171	185	154	81	158	176	129
Total Operating Income	164	192	166	95	171	186	157	85	165	178	137
Total Gross Profit	176	209	181	109	187	204	178	105	186	200	161
Total Revenue	602	622	559	470	609	624	558	470	635	639	556
Operating Revenue	602	622	559	470	609	624	558	470	635	639	556
Total Cost of Revenue	426	413	378	361	422	420	380	366	449	439	395
Operating Cost of Revenue	426	413	378	361	422	420	380	366	449	439	395
Total Operating Expenses	12	17	14	13	16	18	21	20	21	21	24
Selling, General & Admin Expense	12	17	14	13	16	18	21	20	21	21	24
Total Other Income / (Expense), net	-8.87	1.75	0.18	-9.23	-0.29	-0.71	-2.69	-4.02	-6.96	-1.92	-7.65
Interest Expense	12	10	10	11	11	11	9.06	10	12	9.36	14
Interest & Investment Income	3.16	10	9.29	4.23	7.72	9.28	4.99	4.42	3.80	6.31	4.42
Other Income / (Expense), net	0.21	1.61	1.02	-2.22	2.68	0.72	1.38	1.63	0.95	1.13	1.64
Income Tax Expense	35	44	37	22	37	42	35	15	34	39	26
Basic Earnings per Share	$3.43	$4.29	$3.75	$1.71	$3.97	$4.29	$3.59	$2.03	$3.78	$4.25	$3.23
Weighted Average Basic Shares Outstanding	35.27M	35.06M	34.47M	34.81M	33.73M	33.43M	33.32M	33.38M	32.62M	32.30M	31.82M
Diluted Earnings per Share	$3.40	$4.26	$3.72	$1.69	$3.94	$4.26	$3.56	$2.01	$3.76	$4.23	$3.22
Weighted Average Diluted Shares Outstanding	35.53M	35.34M	34.75M	35.10M	33.99M	33.72M	33.61M	33.65M	32.81M	32.47M	32.01M
Weighted Average Basic & Diluted Shares Outstanding	35.43M	34.89M	34.45M	33.92M	33.62M	33.54M	33.29M	32.70M	32.45M	32.06M	31.43M
Cash Dividends to Common per Share	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25

This table details how cash moves in and out of Eagle Materials' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Change in Cash & Equivalents	1.03	-2.12	1.17	42	-39	110	150	-249	-4.17	20	-15
Net Cash From Operating Activities	234	266	332	338	350	399	643	517	542	564	549
Net Cash From Continuing Operating Activities	234	266	332	338	350	399	643	517	542	564	549
Net Income / (Loss) Continuing Operations	187	153	198	257	69	71	339	374	462	478	463
Consolidated Net Income / (Loss)	187	153	198	257	69	71	339	374	462	478	463
Depreciation Expense	76	97	92	114	123	114	129	129	139	150	159
Non-Cash Adjustments To Reconcile Net Income	2.70	45	9.08	2.16	203	235	-47	15	8.68	-4.68	-7.65
Changes in Operating Assets and Liabilities, net	-32	-29	33	-35	-44	-20	222	-1.01	-67	-59	-66
Net Cash From Investing Activities	-349	-122	-457	-169	-167	-831	37	-74	-269	-175	-370
Net Cash From Continuing Investing Activities	-349	-122	-457	-169	-167	-831	37	-74	-269	-175	-370
Purchase of Property, Plant & Equipment	-112	-90	-57	-132	-169	-132	-54	-74	-110	-120	-195
Acquisitions	-237	-32	-400	-37	0.00	-699	0.00	0.00	-158	-55	-175
Net Cash From Financing Activities	116	-146	127	-127	-223	542	-530	-692	-277	-369	-193
Net Cash From Continuing Financing Activities	116	-146	127	-127	-223	542	-530	-692	-277	-369	-193
Repayment of Debt	-11	-57	-172	-81	0.00	209	-562	-1,031	-51	-10	-318
Repurchase of Common Equity	-	-124	-60	-61	-272	-314	0.00	-590	-388	-343	-298
Payment of Dividends	-20	-20	-19	-19	-19	-17	-4.16	-31	-37	-35	-34
Issuance of Debt	141	52	350	15	70	665	0.00	944	200	13	460
Other Financing Activities, net	5.89	2.70	28	19	-2.24	-0.77	36	16	-0.69	6.68	-2.85

This table details how cash moves in and out of Eagle Materials' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	12/31/2024	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	38	20	-36	-14	12	47	-63	-11	39	-25	384
Net Cash From Operating Activities	140	180	173	63	133	233	120	63	137	205	171
Net Cash From Continuing Operating Activities	140	180	173	63	133	233	120	63	137	205	171
Net Income / (Loss) Continuing Operations	121	138	126	77	134	144	120	66	123	137	103
Consolidated Net Income / (Loss)	121	138	126	77	134	144	120	66	123	137	103
Depreciation Expense	37	36	43	38	38	39	39	42	41	42	42
Non-Cash Adjustments To Reconcile Net Income	5.80	3.17	-7.75	-4.25	-3.18	-4.41	-0.17	0.11	1.02	-0.84	1.09
Changes in Operating Assets and Liabilities, net	-23	3.94	12	-48	-36	55	-39	-46	-28	26	25
Net Cash From Investing Activities	-91	-87	-51	-32	-33	-91	-47	-198	-76	-109	-110
Net Cash From Continuing Investing Activities	-91	-87	-51	-32	-33	-91	-47	-198	-76	-109	-110
Purchase of Property, Plant & Equipment	-36	-32	-82	-32	-33	-66	-47	-48	-76	-109	-110
Net Cash From Financing Activities	-12	-72	-157	-45	-88	-95	-135	125	-21	-121	323
Net Cash From Continuing Financing Activities	-12	-72	-157	-45	-88	-95	-135	125	-21	-121	323
Repayment of Debt	-2.50	-2.50	-188	270	-2.50	-98	-93	-126	-29	-54	-281
Repurchase of Common Equity	-74	-66	-50	-94	-85	-61	-55	-97	-79	-89	-143
Payment of Dividends	-9.00	-9.37	-7.47	-8.61	-8.54	-8.46	-8.37	-8.35	-8.25	-8.38	-7.85
Issuance of Debt	65	-5.00	95	-209	10	70	20	360	100	30	757
Other Financing Activities, net	9.03	10	-7.50	-2.39	-1.37	2.11	0.72	-4.32	-5.58	0.45	-2.53

This table presents Eagle Materials' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Total Assets	1,880	1,884	2,247	2,368	2,169	2,961	2,839	2,580	2,781	2,947	3,265
Total Current Assets	364	380	401	459	428	678	662	443	522	628	669
Cash & Equivalents	7.51	5.39	6.56	9.32	8.60	119	264	19	15	35	20
Accounts Receivable	-	-	-	-	-	-	-	176	195	203	212
Inventories, net	235	244	253	258	275	272	236	237	292	374	415
Prepaid Expenses	7.82	5.17	4.90	5.07	9.62	6.14	7.45	3.17	3.06	5.95	11
Current Deferred & Refundable Income Taxes	-	5.62	-	5.75	5.48	128	2.84	7.20	16	9.91	10
Plant, Property, & Equipment, net	1,222	1,255	1,547	1,595	1,427	1,756	1,659	1,617	1,662	1,676	1,793
Total Noncurrent Assets	294	248	300	314	315	526	518	520	597	643	803
Long-Term Investments	48	49	49	61	65	74	75	81	89	113	140
Goodwill	211	166	236	239	229	396	392	388	466	486	596
Other Noncurrent Operating Assets	33	30	15	14	18	40	42	43	35	44	67
Total Liabilities & Shareholders' Equity	1,880	1,884	2,247	2,368	2,169	2,961	2,839	2,580	2,781	2,947	3,265
Total Liabilities	870	843	1,044	950	960	1,993	1,480	1,446	1,595	1,638	1,808
Total Current Liabilities	185	121	230	179	179	170	169	208	213	239	245
Short-Term Debt	57	8.00	81	-	37	-	-	0.00	10	10	15
Accounts Payable	78	67	92	73	81	84	84	114	110	127	130
Accrued Expenses	47	46	55	106	62	70	79	87	86	94	96
Current Deferred & Payable Income Tax Liabilities	2.95	-	0.73	-	-	-	-	-	-	-	0.00
Other Current Liabilities	-	-	-	-	-	6.59	6.34	7.12	6.01	7.90	4.03
Total Noncurrent Liabilities	685	723	814	771	780	1,823	1,310	1,239	1,382	1,399	1,563
Long-Term Debt	456	500	605	621	655	1,567	1,009	938	1,079	1,083	1,223
Noncurrent Deferred & Payable Income Tax Liabilities	160	162	166	119	91	167	226	232	237	245	240
Other Noncurrent Operating Liabilities	69	61	43	31	34	74	76	68	67	71	100
Total Equity & Noncontrolling Interests	1,011	1,041	1,203	1,418	1,209	968	1,359	1,134	1,186	1,309	1,457
Total Preferred & Common Equity	1,011	1,041	1,203	1,418	1,209	968	1,359	1,134	1,186	1,309	1,457
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,011	1,041	1,203	1,418	1,209	968	1,359	1,134	1,186	1,309	1,457
Common Stock	273	169	149	123	0.45	11	63	0.39	0.36	0.34	0.33
Retained Earnings	750	882	1,061	1,299	1,212	960	1,300	1,136	1,189	1,312	1,459
Accumulated Other Comprehensive Income / (Loss)	-12	-11	-7.40	-4.01	-3.32	-3.58	-3.44	-3.18	-3.55	-3.37	-3.13

This table presents Eagle Materials' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2022	12/31/2022	6/30/2023	9/30/2023	12/31/2023	6/30/2024	9/30/2024	12/31/2024	6/30/2025	9/30/2025	12/31/2025
Total Assets	2,809	2,730	2,916	2,917	2,890	3,043	3,122	3,044	3,397	3,409	3,843
Total Current Assets	553	491	616	612	588	713	730	618	732	671	1,032
Cash & Equivalents	84	61	53	47	49	47	94	31	60	35	419
Accounts Receivable	233	173	249	245	193	278	246	182	263	251	209
Inventories, net	226	247	303	301	334	372	376	392	393	370	385
Prepaid Expenses	5.93	5.18	10	10	9.09	14	12	11	14	14	12
Current Deferred & Refundable Income Taxes	4.37	5.47	1.41	8.14	2.92	2.61	2.47	1.74	1.38	1.73	8.12
Plant, Property, & Equipment, net	1,656	1,642	1,680	1,677	1,668	1,676	1,724	1,736	1,841	1,910	1,985
Total Noncurrent Assets	601	597	620	629	635	654	667	689	824	828	826
Long-Term Investments	85	85	90	100	105	121	131	136	144	150	155
Goodwill	469	468	491	490	488	484	489	487	593	591	588
Other Noncurrent Operating Assets	37	36	40	38	42	48	47	66	87	88	84
Total Liabilities & Shareholders' Equity	2,809	2,730	2,916	2,917	2,890	3,043	3,122	3,044	3,397	3,409	3,843
Total Liabilities	1,652	1,565	1,678	1,610	1,557	1,692	1,690	1,548	1,906	1,872	2,350
Total Current Liabilities	223	208	230	225	226	291	312	224	268	247	242
Short-Term Debt	10	10	10	10	10	10	10	10	15	15	15
Accounts Payable	114	107	118	114	117	148	131	119	136	133	124
Accrued Expenses	92	84	75	91	88	90	95	87	88	93	96
Current Deferred & Payable Income Tax Liabilities	1.35	1.96	18	1.78	1.85	36	69	3.09	25	1.95	1.77
Other Current Liabilities	6.74	6.01	8.18	8.21	8.22	7.01	6.03	5.07	4.69	4.52	4.24
Total Noncurrent Liabilities	1,429	1,356	1,448	1,386	1,332	1,402	1,378	1,324	1,637	1,625	2,108
Long-Term Debt	1,126	1,054	1,142	1,080	1,022	1,091	1,064	992	1,295	1,271	1,748
Noncurrent Deferred & Payable Income Tax Liabilities	239	240	239	244	246	243	246	246	243	253	261
Other Noncurrent Operating Liabilities	64	63	67	63	63	68	68	86	100	100	99
Total Equity & Noncontrolling Interests	1,157	1,166	1,238	1,307	1,333	1,351	1,432	1,496	1,492	1,537	1,494
Total Preferred & Common Equity	1,157	1,166	1,238	1,307	1,333	1,351	1,432	1,496	1,492	1,537	1,494
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,157	1,166	1,238	1,307	1,333	1,351	1,432	1,496	1,492	1,537	1,494
Common Stock	0.37	0.36	0.35	0.35	0.35	0.34	0.34	0.33	0.33	0.32	0.32
Retained Earnings	1,159	1,168	1,242	1,310	1,336	1,354	1,435	1,499	1,495	1,540	1,496
Accumulated Other Comprehensive Income / (Loss)	-3.13	-3.11	-3.50	-3.45	-3.40	-3.33	-3.28	-3.24	-3.08	-3.04	-3.00

This table displays calculated financial ratios and metrics derived from Eagle Materials' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.70%	7.23%	5.92%	14.47%	-5.50%	7.16%	15.57%	14.72%	15.39%	5.18%	0.05%
EBITDA Growth	27.42%	-0.72%	24.74%	0.99%	7.00%	-7.84%	53.45%	9.02%	19.02%	7.10%	-1.79%
EBIT Growth	35.39%	-10.45%	39.65%	-6.76%	6.79%	-8.06%	71.39%	11.78%	22.08%	6.85%	-3.66%
NOPAT Growth	46.36%	-16.63%	35.60%	29.83%	-10.15%	6.51%	24.03%	31.73%	23.30%	5.29%	-2.91%
Net Income Growth	50.39%	-18.34%	29.90%	29.47%	-73.17%	2.95%	378.81%	10.25%	23.33%	3.49%	-2.98%
EPS Growth	49.00%	-17.79%	34.43%	28.78%	-72.16%	14.29%	383.33%	12.56%	36.32%	9.23%	1.18%
Operating Cash Flow Growth	37.21%	13.52%	24.77%	1.83%	3.74%	13.99%	61.05%	-19.58%	4.75%	4.10%	-2.73%
Free Cash Flow Firm Growth	-265.46%	177.22%	-243.32%	190.57%	121.31%	-193.89%	305.91%	-30.62%	-38.59%	53.65%	-52.96%
Invested Capital Growth	26.22%	1.71%	22.86%	5.19%	-5.30%	28.73%	-13.98%	-2.57%	10.07%	3.83%	12.47%
Revenue Q/Q Growth	3.28%	2.54%	2.24%	0.44%	-5.96%	6.71%	3.40%	3.90%	2.73%	-0.03%	-0.29%
EBITDA Q/Q Growth	5.05%	5.15%	1.90%	0.32%	-2.38%	3.89%	7.08%	1.51%	5.13%	-3.06%	-1.57%
EBIT Q/Q Growth	4.87%	7.24%	2.16%	-0.41%	-4.91%	6.64%	8.24%	2.03%	5.93%	-4.30%	-2.57%
NOPAT Q/Q Growth	13.34%	-2.58%	-0.73%	0.41%	-3.36%	25.76%	-6.03%	5.49%	6.32%	-5.20%	-1.66%
Net Income Q/Q Growth	14.86%	-4.76%	-1.45%	0.30%	-70.53%	154.82%	-1.86%	2.27%	5.98%	-7.05%	-2.24%
EPS Q/Q Growth	14.51%	-4.39%	-0.97%	0.19%	-70.06%	160.43%	-2.64%	3.86%	7.69%	-7.48%	-1.57%
Operating Cash Flow Q/Q Growth	11.61%	-0.56%	-1.99%	6.23%	-1.78%	5.97%	3.60%	-2.41%	-4.69%	0.32%	-0.11%
Free Cash Flow Firm Q/Q Growth	-3.65%	29.72%	-161.65%	156.06%	99.38%	-157.22%	626.70%	-2.79%	-16.41%	4.92%	-47.42%
Invested Capital Q/Q Growth	2.68%	0.64%	29.88%	1.32%	-7.12%	44.35%	-1.13%	0.43%	4.17%	1.88%	8.73%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.83%	20.26%	25.76%	24.43%	26.57%	24.41%	25.17%	27.91%	29.76%	30.33%	29.78%
EBITDA Margin	27.76%	25.70%	30.26%	26.70%	30.23%	26.00%	34.52%	32.81%	33.84%	34.46%	33.82%
Operating Margin	20.60%	17.00%	22.51%	18.21%	20.74%	17.96%	22.11%	25.40%	27.26%	27.69%	26.51%
EBIT Margin	20.60%	17.21%	22.68%	18.48%	20.88%	17.91%	26.57%	25.89%	27.39%	27.82%	26.79%
Profit (Net Income) Margin	17.52%	13.34%	16.37%	18.51%	5.26%	5.05%	20.92%	20.10%	21.49%	21.14%	20.50%
Tax Burden Percent	73.88%	69.60%	67.30%	94.36%	24.27%	27.73%	80.04%	78.77%	78.41%	77.30%	78.35%
Interest Burden Percent	115.12%	111.44%	107.19%	106.16%	103.73%	101.66%	98.38%	98.59%	100.05%	98.30%	97.67%
Effective Tax Rate	26.12%	30.40%	32.70%	5.64%	21.24%	9.58%	21.21%	21.23%	21.59%	22.70%	21.65%
Return on Invested Capital (ROIC)	12.34%	9.14%	11.03%	12.66%	11.39%	10.91%	12.92%	18.64%	22.17%	21.86%	19.61%
ROIC Less NNEP Spread (ROIC-NNEP)	18.55%	12.93%	13.74%	15.88%	-14.29%	-4.78%	18.45%	18.88%	22.43%	21.25%	19.01%
Return on Net Nonoperating Assets (RNNOA)	7.95%	5.74%	6.64%	6.93%	-6.15%	-4.39%	16.26%	11.39%	17.63%	16.44%	13.91%
Return on Equity (ROE)	20.29%	14.88%	17.67%	19.58%	5.24%	6.51%	29.18%	30.03%	39.80%	38.30%	33.52%
Cash Return on Invested Capital (CROIC)	-10.84%	7.44%	-9.49%	7.60%	16.84%	-14.21%	27.95%	21.24%	12.58%	18.10%	7.87%
Operating Return on Assets (OROA)	12.95%	10.45%	13.30%	11.10%	12.06%	9.81%	14.87%	17.79%	21.95%	21.95%	19.50%
Return on Assets (ROA)	11.02%	8.11%	9.60%	11.12%	3.04%	2.76%	11.71%	13.81%	17.22%	16.68%	14.92%
Return on Common Equity (ROCE)	20.29%	14.88%	17.67%	19.58%	5.24%	6.51%	29.18%	30.03%	39.80%	38.30%	33.52%
Return on Equity Simple (ROE_SIMPLE)	18.49%	14.66%	16.47%	18.10%	5.69%	7.32%	24.98%	33.02%	38.93%	36.50%	0.00%
Net Operating Profit after Tax (NOPAT)	162	135	183	238	214	228	283	372	459	484	469
NOPAT Margin	15.22%	11.83%	15.15%	17.18%	16.34%	16.24%	17.42%	20.01%	21.38%	21.40%	20.77%
Net Nonoperating Expense Percent (NNEP)	-6.22%	-3.80%	-2.72%	-3.22%	25.69%	15.68%	-5.53%	-0.24%	-0.25%	0.61%	0.60%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	17.42%
Cost of Revenue to Revenue	76.17%	79.74%	74.24%	75.57%	73.43%	75.59%	74.83%	72.09%	70.24%	69.67%	70.22%
SG&A Expenses to Revenue	2.88%	3.25%	2.80%	2.97%	2.85%	4.66%	3.05%	2.51%	2.50%	2.65%	3.27%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	3.23%	3.25%	3.25%	6.22%	5.83%	6.45%	3.05%	2.51%	2.50%	2.65%	3.27%
Earnings before Interest and Taxes (EBIT)	220	197	275	256	274	252	431	482	588	629	606
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	296	294	367	370	396	365	560	611	727	778	765
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.97	3.19	3.77	3.43	3.11	2.46	4.07	4.41	4.43	7.15	5.06
Price to Tangible Book Value (P/TBV)	5.02	3.79	4.69	4.12	3.84	4.16	5.72	6.70	7.31	11.37	8.57
Price to Revenue (P/Rev)	3.76	2.90	3.75	3.50	2.87	1.69	3.41	2.69	2.45	4.14	3.26
Price to Earnings (P/E)	21.46	21.74	22.88	18.93	54.67	33.54	16.28	13.36	11.39	19.58	15.92
Dividend Yield	0.50%	0.59%	0.43%	0.40%	0.49%	0.88%	0.30%	0.79%	0.69%	0.37%	0.45%
Earnings Yield	4.66%	4.60%	4.37%	5.28%	1.83%	2.98%	6.14%	7.49%	8.78%	5.11%	6.28%
Enterprise Value to Invested Capital (EV/IC)	3.04	2.53	2.82	2.78	2.40	1.60	3.06	2.96	2.88	4.57	3.34
Enterprise Value to Revenue (EV/Rev)	4.19	3.30	4.27	3.87	3.35	2.67	3.82	3.14	2.91	4.56	3.74
Enterprise Value to EBITDA (EV/EBITDA)	15.09	12.83	14.10	14.50	11.06	10.28	11.05	9.56	8.59	13.23	11.06
Enterprise Value to EBIT (EV/EBIT)	20.33	19.17	18.81	20.96	16.02	14.92	14.36	12.11	10.61	16.38	13.96
Enterprise Value to NOPAT (EV/NOPAT)	27.52	27.87	28.16	22.54	20.48	16.46	21.90	15.67	13.59	21.30	18.01
Enterprise Value to Operating Cash Flow (EV/OCF)	19.08	14.19	15.58	15.90	12.51	9.40	9.63	11.29	11.52	18.26	15.42
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	34.23	0.00	37.55	13.85	0.00	10.12	13.76	23.95	25.71	44.89
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.51	0.49	0.57	0.44	0.57	1.62	0.74	0.83	0.92	0.84	0.85
Long-Term Debt to Equity	0.45	0.48	0.50	0.44	0.54	1.62	0.74	0.83	0.91	0.83	0.84
Financial Leverage	0.43	0.44	0.48	0.44	0.43	0.92	0.88	0.60	0.79	0.77	0.73
Leverage Ratio	1.84	1.84	1.84	1.76	1.73	2.36	2.49	2.17	2.31	2.30	2.25
Compound Leverage Factor	2.12	2.04	1.97	1.87	1.79	2.40	2.45	2.14	2.31	2.26	2.19
Debt to Total Capital	33.66%	32.79%	36.32%	30.46%	36.38%	61.82%	42.60%	45.29%	47.88%	45.52%	45.95%
Short-Term Debt to Total Capital	3.74%	0.52%	4.30%	0.00%	1.92%	0.00%	0.00%	0.00%	0.44%	0.42%	0.56%
Long-Term Debt to Total Capital	29.92%	32.28%	32.03%	30.46%	34.46%	61.82%	42.60%	45.29%	47.44%	45.10%	45.39%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	66.34%	67.21%	63.68%	69.54%	63.62%	38.18%	57.40%	54.71%	52.12%	54.48%	54.05%
Debt to EBITDA	1.73	1.73	1.87	1.68	1.75	4.29	1.80	1.54	1.50	1.40	1.62
Net Debt to EBITDA	1.55	1.54	1.72	1.38	1.56	3.77	1.19	1.37	1.35	1.21	1.41
Long-Term Debt to EBITDA	1.54	1.70	1.65	1.68	1.65	4.29	1.80	1.54	1.48	1.39	1.60
Debt to NOPAT	3.16	3.75	3.74	2.61	3.23	6.88	3.57	2.52	2.37	2.26	2.64
Net Debt to NOPAT	2.82	3.35	3.44	2.15	2.89	6.03	2.35	2.25	2.14	1.95	2.30
Long-Term Debt to NOPAT	2.81	3.69	3.30	2.61	3.06	6.88	3.57	2.52	2.35	2.24	2.61
Altman Z-Score	4.39	4.13	4.30	4.92	4.29	2.13	4.16	4.14	4.18	5.68	4.53
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.97	3.15	1.75	2.56	2.38	4.00	3.91	2.13	2.45	2.62	2.73
Quick Ratio	0.66	1.04	0.62	0.84	0.77	1.56	2.42	0.94	0.99	0.99	0.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-143	110	-158	143	316	-297	612	424	261	400	188
Operating Cash Flow to CapEx	209.84%	296.74%	582.38%	255.89%	210.26%	303.15%	1,192.36%	697.74%	491.84%	468.76%	280.90%
Free Cash Flow to Firm to Interest Expense	-12.15	6.64	-6.98	5.17	11.15	-7.73	13.77	10.80	7.41	9.48	4.65
Operating Cash Flow to Interest Expense	19.94	16.03	14.65	12.22	12.35	10.39	14.48	13.17	15.40	13.35	13.54
Operating Cash Flow Less CapEx to Interest Expense	10.44	10.63	12.14	7.44	6.47	6.96	13.26	11.28	12.27	10.50	8.72
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.63	0.61	0.59	0.60	0.58	0.55	0.56	0.69	0.80	0.79	0.73
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11.57	11.35	10.89
Inventory Turnover	3.84	3.81	3.62	4.10	3.61	3.88	4.78	5.68	5.71	4.73	4.02
Fixed Asset Turnover	0.97	0.92	0.86	0.88	0.87	0.88	0.95	1.14	1.31	1.35	1.30
Accounts Payable Turnover	12.05	12.63	11.32	12.65	12.47	12.86	14.43	13.56	13.47	13.25	12.35
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	31.55	32.15	33.53
Days Inventory Outstanding (DIO)	94.94	95.88	100.76	89.01	101.17	94.11	76.33	64.25	63.93	77.20	90.72
Days Payable Outstanding (DPO)	30.30	28.89	32.23	28.85	29.28	28.38	25.30	26.91	27.10	27.55	29.56
Cash Conversion Cycle (CCC)	64.65	66.99	68.53	60.15	71.89	65.73	51.03	37.34	68.37	81.80	94.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,468	1,493	1,835	1,930	1,828	2,353	2,024	1,972	2,170	2,253	2,535
Invested Capital Turnover	0.81	0.77	0.73	0.74	0.70	0.67	0.74	0.93	1.04	1.02	0.94
Increase / (Decrease) in Invested Capital	305	25	341	95	-102	525	-329	-52	199	83	281
Enterprise Value (EV)	4,467	3,771	5,167	5,369	4,383	3,753	6,192	5,837	6,242	10,296	8,456
Market Capitalization	4,009	3,318	4,536	4,857	3,765	2,378	5,527	4,999	5,257	9,352	7,378
Book Value per Share	$20.10	$21.10	$24.86	$29.13	$26.35	$23.24	$32.36	$28.69	$32.89	$37.98	$43.76
Tangible Book Value per Share	$15.90	$17.74	$19.99	$24.21	$21.36	$13.72	$23.02	$18.87	$19.96	$23.87	$25.86
Total Capital	1,523	1,548	1,890	2,039	1,901	2,535	2,368	2,072	2,275	2,402	2,695
Total Debt	513	508	686	621	692	1,567	1,009	938	1,089	1,093	1,238
Total Long-Term Debt	456	500	605	621	655	1,567	1,009	938	1,079	1,083	1,223
Net Debt	458	453	631	512	618	1,375	665	838	985	945	1,078
Capital Expenditures (CapEx)	112	90	57	132	167	132	54	74	110	120	195
Debt-free, Cash-free Net Working Capital (DFCFNWC)	229	262	246	231	276	390	224	216	303	363	418
Debt-free Net Working Capital (DFNWC)	237	267	252	279	285	509	492	235	319	398	439
Net Working Capital (NWC)	180	259	171	279	248	509	492	235	309	388	424
Net Nonoperating Expense (NNE)	-25	-17	-15	-18	145	157	-57	-1.80	-2.32	5.87	6.04
Net Nonoperating Obligations (NNO)	458	453	631	512	618	1,385	665	838	985	945	1,078
Total Depreciation and Amortization (D&A)	76	97	92	114	123	114	129	129	139	150	159
Debt-free, Cash-free Net Working Capital to Revenue	21.51%	22.91%	20.29%	16.68%	21.08%	27.77%	13.79%	11.59%	14.12%	16.08%	18.50%
Debt-free Net Working Capital to Revenue	22.21%	23.39%	20.83%	20.15%	21.74%	36.22%	30.34%	12.63%	14.83%	17.63%	19.41%
Net Working Capital to Revenue	16.86%	22.69%	14.13%	20.15%	18.95%	36.22%	30.34%	12.63%	14.37%	17.19%	18.74%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.77	$3.08	$4.14	$5.33	$1.48	$1.69	$8.17	$9.23	$12.54	$13.72	$13.88
Adjusted Weighted Average Basic Shares Outstanding	49.60M	49.47M	47.93M	48.14M	46.62M	42.02M	41.54M	40.55M	36.80M	34.81M	33.38M
Adjusted Diluted Earnings per Share	$3.71	$3.05	$4.10	$5.28	$1.47	$1.68	$8.12	$9.14	$12.46	$13.61	$13.77
Adjusted Weighted Average Diluted Shares Outstanding	50.37M	50.07M	48.36M	48.65M	46.93M	42.29M	41.83M	40.93M	37.05M	35.10M	33.65M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	50.23M	48.28M	48.54M	47.97M	44.12M	41.62M	42.38M	38.20M	35.39M	33.92M	32.70M
Normalized Net Operating Profit after Tax (NOPAT)	167	135	187	281	245	251	283	372	459	484	469
Normalized NOPAT Margin	15.70%	11.83%	15.45%	20.25%	18.68%	17.85%	17.42%	20.01%	21.38%	21.40%	20.77%
Pre Tax Income Margin	23.72%	19.17%	24.32%	19.61%	21.66%	18.21%	26.14%	25.52%	27.40%	27.35%	26.17%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	18.71	11.86	12.14	9.27	9.64	6.55	9.70	12.27	16.73	14.88	14.94
NOPAT to Interest Expense	13.82	8.16	8.11	8.62	7.54	5.93	6.37	9.48	13.06	11.44	11.58
EBIT Less CapEx to Interest Expense	9.21	6.46	9.63	4.49	3.77	3.12	8.49	10.38	13.59	12.03	10.13
NOPAT Less CapEx to Interest Expense	4.32	2.76	5.59	3.84	1.67	2.51	5.15	7.59	9.93	8.60	6.77
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	10.74%	13.12%	9.76%	7.57%	27.49%	24.18%	1.23%	8.22%	8.12%	7.39%	7.28%
Augmented Payout Ratio	10.74%	94.07%	40.03%	31.37%	422.47%	466.94%	1.23%	165.80%	92.13%	79.26%	71.64%

This table displays calculated financial ratios and metrics derived from Eagle Materials' official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.15%	2.84%	9.26%	-0.13%	1.19%	0.22%	-0.14%	-1.37%	4.27%	2.45%	-0.37%
EBITDA Growth	16.55%	6.98%	14.69%	-15.74%	5.49%	-2.37%	-3.56%	-8.64%	-2.75%	-1.88%	-8.84%
EBIT Growth	18.87%	7.84%	12.77%	-23.24%	5.70%	-3.79%	-5.42%	-15.54%	-4.68%	-3.84%	-12.52%
NOPAT Growth	19.15%	6.10%	13.59%	-27.36%	4.95%	-3.44%	-5.69%	-10.07%	-3.93%	-3.61%	-10.41%
Net Income Growth	15.09%	8.32%	10.20%	-36.12%	10.75%	-4.67%	-7.41%	-13.77%	-7.83%	-4.28%	-13.94%
EPS Growth	23.64%	14.52%	16.25%	-39.43%	15.88%	0.00%	-4.30%	-9.87%	-4.57%	-0.70%	-9.55%
Operating Cash Flow Growth	12.57%	2.60%	-3.74%	2.88%	-5.59%	35.34%	-36.13%	-0.98%	3.01%	-12.29%	42.47%
Free Cash Flow Firm Growth	-341.53%	-158.09%	-1,700.29%	88.02%	478.40%	368.27%	309.83%	-3,763.20%	-290.13%	-295.10%	-9,722.38%
Invested Capital Growth	9.08%	7.41%	11.88%	3.83%	1.63%	1.43%	5.39%	12.47%	13.75%	15.66%	15.11%
Revenue Q/Q Growth	27.95%	3.44%	-10.19%	-15.98%	27.69%	2.45%	-10.52%	-15.74%	34.99%	0.66%	-12.98%
EBITDA Q/Q Growth	28.72%	14.10%	-8.43%	-35.73%	50.45%	6.37%	-12.47%	-34.78%	60.15%	7.32%	-18.67%
EBIT Q/Q Growth	35.47%	17.94%	-13.71%	-44.33%	69.51%	7.35%	-15.17%	-45.29%	91.31%	8.30%	-22.83%
NOPAT Q/Q Growth	30.75%	16.80%	-13.54%	-44.99%	72.79%	7.47%	-15.56%	-42.65%	84.59%	7.83%	-21.52%
Net Income Q/Q Growth	20.42%	24.58%	-14.22%	-50.36%	73.60%	7.23%	-16.68%	-44.40%	85.56%	11.37%	-25.10%
EPS Q/Q Growth	21.86%	25.29%	-12.68%	-54.57%	76.68%	8.12%	-16.43%	-43.54%	87.06%	12.50%	-23.88%
Operating Cash Flow Q/Q Growth	128.01%	28.27%	-4.03%	-66.23%	109.24%	75.87%	-48.61%	-47.64%	117.68%	49.74%	-16.52%
Free Cash Flow Firm Q/Q Growth	38.19%	86.82%	-1,342.09%	-2,060.96%	1,881.35%	14.89%	-97.74%	-8,462.71%	12.33%	-17.89%	-11.33%
Invested Capital Q/Q Growth	5.23%	-0.13%	2.19%	1.88%	1.36%	-0.13%	2.19%	8.73%	2.51%	1.55%	1.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.26%	33.59%	32.32%	23.17%	30.70%	32.69%	31.86%	22.25%	29.24%	31.26%	28.94%
EBITDA Margin	33.45%	36.90%	37.62%	28.05%	34.87%	36.20%	35.41%	27.41%	32.52%	34.67%	32.40%
Operating Margin	27.32%	30.93%	29.78%	20.33%	28.13%	29.82%	28.13%	18.08%	25.97%	27.92%	24.62%
EBIT Margin	27.35%	31.19%	29.96%	19.85%	28.57%	29.94%	28.38%	18.43%	26.12%	28.10%	24.92%
Profit (Net Income) Margin	20.09%	24.20%	23.11%	13.65%	21.99%	23.01%	21.43%	14.14%	19.44%	21.50%	18.51%
Tax Burden Percent	77.74%	77.53%	77.51%	74.36%	78.30%	77.47%	77.49%	82.08%	78.15%	77.85%	79.62%
Interest Burden Percent	94.48%	100.07%	99.50%	92.48%	98.29%	99.23%	97.43%	93.48%	95.23%	98.30%	93.29%
Effective Tax Rate	22.26%	22.47%	22.49%	25.64%	21.70%	22.53%	22.51%	17.92%	21.85%	22.15%	20.38%
Return on Invested Capital (ROIC)	21.30%	24.09%	23.55%	15.44%	22.03%	23.13%	21.76%	14.01%	19.01%	20.34%	17.98%
ROIC Less NNEP Spread (ROIC-NNEP)	20.57%	24.24%	23.57%	14.73%	22.01%	23.07%	21.52%	13.69%	18.48%	20.19%	17.38%
Return on Net Nonoperating Assets (RNNOA)	15.82%	17.01%	15.52%	11.39%	16.51%	15.09%	13.03%	10.01%	13.26%	13.26%	11.77%
Return on Equity (ROE)	37.12%	41.10%	39.07%	26.83%	38.54%	38.23%	34.79%	24.03%	32.26%	33.61%	29.75%
Cash Return on Invested Capital (CROIC)	13.52%	15.31%	11.28%	18.10%	20.00%	19.98%	15.77%	7.87%	6.15%	4.14%	3.76%
Operating Return on Assets (OROA)	20.66%	23.27%	23.37%	15.66%	21.73%	22.48%	21.69%	13.41%	18.55%	19.81%	16.64%
Return on Assets (ROA)	15.17%	18.05%	18.03%	10.77%	16.73%	17.29%	16.37%	10.29%	13.80%	15.16%	12.36%
Return on Common Equity (ROCE)	37.12%	41.10%	39.07%	26.83%	38.54%	38.23%	34.79%	24.03%	32.26%	33.61%	29.75%
Return on Equity Simple (ROE_SIMPLE)	36.30%	35.06%	32.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	128	149	129	71	134	144	122	70	129	139	109
NOPAT Margin	21.24%	23.98%	23.08%	15.11%	22.03%	23.10%	21.80%	14.84%	20.29%	21.74%	19.60%
Net Nonoperating Expense Percent (NNEP)	0.72%	-0.15%	-0.02%	0.71%	0.02%	0.06%	0.24%	0.33%	0.53%	0.15%	0.60%
Return On Investment Capital (ROIC_SIMPLE)	-	-	5.16%	-	5.47%	5.75%	4.87%	2.59%	4.60%	4.92%	3.35%
Cost of Revenue to Revenue	70.74%	66.41%	67.68%	76.83%	69.30%	67.31%	68.14%	77.75%	70.76%	68.74%	71.06%
SG&A Expenses to Revenue	1.94%	2.66%	2.54%	2.85%	2.57%	2.87%	3.73%	4.17%	3.27%	3.34%	4.32%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	1.94%	2.66%	2.54%	2.85%	2.57%	2.87%	3.73%	4.17%	3.27%	3.34%	4.32%
Earnings before Interest and Taxes (EBIT)	165	194	167	93	174	187	158	87	166	180	139
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	201	230	210	132	212	226	198	129	206	222	180
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.86	4.10	4.71	7.15	5.44	6.72	5.52	5.06	4.43	4.92	4.44
Price to Tangible Book Value (P/TBV)	7.57	6.23	6.99	11.37	8.48	10.22	8.19	8.57	7.36	7.99	7.32
Price to Revenue (P/Rev)	2.99	2.66	3.13	4.14	3.24	4.25	3.64	3.26	2.89	3.29	2.88
Price to Earnings (P/E)	13.38	11.70	14.35	19.58	14.97	19.91	17.42	15.92	14.59	16.92	15.41
Dividend Yield	0.54%	0.60%	0.49%	0.37%	0.46%	0.35%	0.41%	0.45%	0.49%	0.43%	0.48%
Earnings Yield	7.48%	8.54%	6.97%	5.11%	6.68%	5.02%	5.74%	6.28%	6.85%	5.91%	6.49%
Enterprise Value to Invested Capital (EV/IC)	3.28	2.95	3.38	4.57	3.62	4.59	3.90	3.34	2.97	3.28	2.91
Enterprise Value to Revenue (EV/Rev)	3.41	3.04	3.50	4.56	3.65	4.62	4.01	3.74	3.37	3.76	3.40
Enterprise Value to EBITDA (EV/EBITDA)	9.78	8.60	9.98	13.23	10.48	13.36	11.71	11.06	10.17	11.48	10.61
Enterprise Value to EBIT (EV/EBIT)	12.01	10.54	12.35	16.38	12.97	16.61	14.63	13.96	12.91	14.68	13.70
Enterprise Value to NOPAT (EV/NOPAT)	15.42	13.60	15.88	21.30	16.90	21.61	19.04	18.01	16.62	18.87	17.51
Enterprise Value to Operating Cash Flow (EV/OCF)	13.63	12.13	14.40	18.26	14.88	16.98	16.56	15.42	13.96	16.54	13.60
Enterprise Value to Free Cash Flow (EV/FCFF)	25.32	19.94	31.67	25.71	18.26	23.15	25.38	44.89	51.39	85.15	82.96
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.82	0.75	0.67	0.84	0.82	0.75	0.67	0.85	0.88	0.84	1.18
Long-Term Debt to Equity	0.81	0.74	0.66	0.83	0.81	0.74	0.66	0.84	0.87	0.83	1.17
Financial Leverage	0.77	0.70	0.66	0.77	0.75	0.65	0.61	0.73	0.72	0.66	0.68
Leverage Ratio	2.35	2.29	2.17	2.30	2.30	2.21	2.10	2.25	2.27	2.20	2.30
Compound Leverage Factor	2.22	2.29	2.16	2.12	2.26	2.19	2.04	2.10	2.16	2.16	2.15
Debt to Total Capital	44.91%	42.86%	40.10%	45.52%	44.91%	42.86%	40.10%	45.95%	46.75%	45.56%	54.14%
Short-Term Debt to Total Capital	0.41%	0.40%	0.40%	0.42%	0.41%	0.40%	0.40%	0.56%	0.54%	0.53%	0.46%
Long-Term Debt to Total Capital	44.50%	42.46%	39.70%	45.10%	44.50%	42.46%	39.70%	45.39%	46.22%	45.03%	53.68%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	55.09%	57.14%	59.90%	54.48%	55.09%	57.14%	59.90%	54.05%	53.25%	54.44%	45.86%
Debt to EBITDA	1.44	1.37	1.27	1.40	1.39	1.37	1.29	1.62	1.73	1.71	2.39
Net Debt to EBITDA	1.22	1.09	1.06	1.21	1.18	1.08	1.07	1.41	1.46	1.46	1.61
Long-Term Debt to EBITDA	1.42	1.36	1.26	1.39	1.38	1.36	1.28	1.60	1.71	1.69	2.37
Debt to NOPAT	2.27	2.17	2.02	2.26	2.25	2.22	2.10	2.64	2.82	2.80	3.95
Net Debt to NOPAT	1.92	1.72	1.68	1.95	1.91	1.75	1.75	2.30	2.38	2.40	2.67
Long-Term Debt to NOPAT	2.25	2.15	2.00	2.24	2.23	2.19	2.08	2.61	2.79	2.77	3.92
Altman Z-Score	4.02	3.80	4.50	5.08	4.33	5.15	4.96	4.01	3.70	4.05	3.20
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.45	2.34	2.76	2.62	2.45	2.34	2.76	2.73	2.73	2.72	4.27
Quick Ratio	1.12	1.09	0.95	0.99	1.12	1.09	0.95	0.95	1.20	1.16	2.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-62	-8.22	-119	-12	97	112	2.53	-211	-185	-218	-243
Operating Cash Flow to CapEx	390.25%	557.47%	212.14%	195.30%	400.37%	350.89%	253.08%	129.94%	179.55%	188.50%	155.21%
Free Cash Flow to Firm to Interest Expense	-5.10	-0.81	-11.70	-1.08	9.12	10.45	0.28	-20.99	-15.81	-23.33	-17.73
Operating Cash Flow to Interest Expense	11.48	17.66	17.08	5.64	12.41	21.77	13.23	6.24	11.66	21.85	12.46
Operating Cash Flow Less CapEx to Interest Expense	8.54	14.49	9.03	2.75	9.31	15.57	8.00	1.44	5.17	10.26	4.43
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.76	0.75	0.78	0.79	0.76	0.75	0.76	0.73	0.71	0.70	0.67
Accounts Receivable Turnover	8.56	9.24	12.69	11.35	8.60	9.23	12.08	10.89	8.44	9.26	11.77
Inventory Turnover	5.02	5.06	4.86	4.73	4.66	4.66	4.35	4.02	4.22	4.38	4.24
Fixed Asset Turnover	1.32	1.31	1.33	1.35	1.35	1.33	1.33	1.30	1.30	1.27	1.24
Accounts Payable Turnover	11.84	12.42	13.79	13.25	11.80	12.86	13.38	12.35	11.35	12.36	13.57
Days Sales Outstanding (DSO)	42.66	39.51	28.76	32.15	42.44	39.53	30.22	33.53	43.25	39.41	31.02
Days Inventory Outstanding (DIO)	72.65	72.09	75.11	77.20	78.35	78.35	83.93	90.72	86.47	83.30	86.01
Days Payable Outstanding (DPO)	30.83	29.38	26.46	27.55	30.94	28.37	27.28	29.56	32.15	29.52	26.89
Cash Conversion Cycle (CCC)	84.48	82.22	77.41	81.80	89.85	89.51	86.87	94.70	97.56	93.19	90.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,284	2,281	2,331	2,253	2,284	2,281	2,331	2,535	2,598	2,638	2,683
Invested Capital Turnover	1.00	1.00	1.02	1.02	1.00	1.00	1.00	0.94	0.94	0.94	0.92
Increase / (Decrease) in Invested Capital	190	157	248	83	37	32	119	281	314	357	352
Enterprise Value (EV)	7,492	6,724	7,884	10,296	8,277	10,477	9,092	8,456	7,716	8,663	7,817
Market Capitalization	6,559	5,875	7,049	9,352	7,344	9,628	8,257	7,378	6,610	7,562	6,627
Book Value per Share	$38.17	$40.41	$42.89	$37.98	$39.83	$42.58	$44.60	$43.76	$45.61	$47.37	$46.58
Tangible Book Value per Share	$24.49	$26.60	$28.91	$23.87	$25.55	$28.03	$30.07	$25.86	$27.48	$29.17	$28.24
Total Capital	2,452	2,506	2,498	2,402	2,452	2,506	2,498	2,695	2,802	2,824	3,257
Total Debt	1,101	1,074	1,002	1,093	1,101	1,074	1,002	1,238	1,310	1,286	1,763
Total Long-Term Debt	1,091	1,064	992	1,083	1,091	1,064	992	1,223	1,295	1,271	1,748
Net Debt	933	849	835	945	933	849	835	1,078	1,106	1,101	1,190
Capital Expenditures (CapEx)	36	32	82	32	33	66	47	48	76	109	110
Debt-free, Cash-free Net Working Capital (DFCFNWC)	386	334	373	363	386	334	373	418	419	404	387
Debt-free Net Working Capital (DFNWC)	432	428	405	398	432	428	405	439	479	439	806
Net Working Capital (NWC)	422	418	395	388	422	418	395	424	464	424	791
Net Nonoperating Expense (NNE)	6.89	-1.35	-0.14	6.86	0.22	0.55	2.09	3.30	5.44	1.50	6.09
Net Nonoperating Obligations (NNO)	933	849	835	945	933	849	835	1,078	1,106	1,101	1,190
Total Depreciation and Amortization (D&A)	37	36	43	38	38	39	39	42	41	42	42
Debt-free, Cash-free Net Working Capital to Revenue	17.58%	15.11%	16.58%	16.08%	17.03%	14.74%	16.47%	18.50%	18.34%	17.55%	16.81%
Debt-free Net Working Capital to Revenue	19.70%	19.35%	17.97%	17.63%	19.08%	18.88%	17.85%	19.41%	20.95%	19.08%	35.03%
Net Working Capital to Revenue	19.24%	18.90%	17.52%	17.19%	18.64%	18.44%	17.41%	18.74%	20.29%	18.42%	34.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.43	$4.29	$3.75	$1.71	$3.97	$4.29	$3.59	$2.03	$3.78	$4.25	$3.23
Adjusted Weighted Average Basic Shares Outstanding	35.27M	35.06M	34.47M	34.81M	33.73M	33.43M	33.32M	33.38M	32.62M	32.30M	31.82M
Adjusted Diluted Earnings per Share	$3.40	$4.26	$3.72	$1.69	$3.94	$4.26	$3.56	$2.01	$3.76	$4.23	$3.22
Adjusted Weighted Average Diluted Shares Outstanding	35.53M	35.34M	34.75M	35.10M	33.99M	33.72M	33.61M	33.65M	32.81M	32.47M	32.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	33.62M	33.54M	33.29M	33.92M	33.62M	33.54M	33.29M	32.70M	32.45M	32.06M	31.43M
Normalized Net Operating Profit after Tax (NOPAT)	128	149	129	71	134	144	122	70	129	139	109
Normalized NOPAT Margin	21.24%	23.98%	23.08%	15.11%	22.03%	23.10%	21.80%	14.84%	20.29%	21.74%	19.60%
Pre Tax Income Margin	25.84%	31.21%	29.81%	18.36%	28.08%	29.71%	27.65%	17.23%	24.87%	27.62%	23.25%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	13.44	19.02	16.53	8.29	16.28	17.42	17.48	8.61	14.15	19.18	10.10
NOPAT to Interest Expense	10.44	14.62	12.74	6.31	12.55	13.45	13.43	6.93	10.99	14.83	7.95
EBIT Less CapEx to Interest Expense	10.50	15.85	8.48	5.41	13.18	11.22	12.25	3.81	7.65	7.58	2.08
NOPAT Less CapEx to Interest Expense	7.50	11.45	4.69	3.43	9.45	7.24	8.20	2.13	4.50	3.24	-0.08
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	7.42%	7.22%	7.01%	7.39%	7.10%	7.11%	7.17%	7.28%	7.38%	7.46%	7.63%
Augmented Payout Ratio	81.57%	72.70%	63.00%	79.26%	79.40%	77.03%	69.55%	71.64%	71.72%	79.04%	102.32%

Financials Breakdown Chart

Key Financial Trends

Here are notable trends for Eagle Materials (EXP) over the last four years, based on quarterly cash flow, income statements and balance sheets provided.

Operating cash flow from continuing operations improved in 2026, with Q2 2026 at about $204.6 million and Q3 2026 at about $170.8 million, indicating stronger cash generation vs. prior years.
Free cash flow in Q3 2026 was positive, about $60.7 million (OCF around $170.8 million less capex of about $110.0 million), supporting growth initiatives or debt repayment.
Cash and cash equivalents rose to roughly $419 million by Q3 2026, signaling improved liquidity to fund operations, capex, and potential opportunistic steps without immediate external financing.
Capex cadence remains ongoing and sizable (Q1 2026 around $76.1 million; Q2 2026 around $108.5 million; Q3 2026 around $110.0 million), consistent with expansion and modernization efforts funded through cash flow and new financing.

Top-line revenue in 2024–2026 has been solid, often in the mid-to-high $500 million range per quarter, with occasional seasonality (e.g., Q4 dips) affecting quarterly comparisons but maintaining a large-scale revenue base.
Dividends per share remained steady at $0.25, providing a stable cash yield for investors, though dividend growth is not yet evident.

Long-term debt rose through 2026, with a notable increase to roughly $1.75 billion by Q3 2026, reflecting heavier leverage tied to capex financing and growth initiatives.
Investing cash flow was negative in 2026 quarters due to ongoing capital expenditures (e.g., Q3 2026 investing cash flow around -$110.0 million and Q2 2026 around -$108.5 million), illustrating the ongoing heavy investment required to sustain growth.
Working capital dynamics showed frequent declines in operating assets & liabilities changes, which can compress cash flow from operations in some quarters and add variability to liquidity.

05/07/26 03:34 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Eagle Materials' Financials

When does Eagle Materials' financial year end?

According to the most recent income statement we have on file, Eagle Materials' fiscal year ends in March. Their fiscal year 2025 ended on March 31, 2025.

How has Eagle Materials' net income changed over the last 10 years?

Eagle Materials' net income appears to be on an upward trend, with a most recent value of $463.42 million in 2025, rising from $186.85 million in 2015. The previous period was $477.64 million in 2024. See where experts think Eagle Materials is headed by visiting Eagle Materials' forecast page.

What is Eagle Materials' operating income?

Eagle Materials' total operating income in 2025 was $599.20 million, based on the following breakdown:

Total Gross Profit: $673.14 million
Total Operating Expenses: $73.94 million

How has Eagle Materials' revenue changed over the last 10 years?

Over the last 10 years, Eagle Materials' total revenue changed from $1.07 billion in 2015 to $2.26 billion in 2025, a change of 112.0%.

How much debt does Eagle Materials have?

Eagle Materials' total liabilities were at $1.81 billion at the end of 2025, a 10.3% increase from 2024, and a 107.9% increase since 2015.

How much cash does Eagle Materials have?

In the past 10 years, Eagle Materials' cash and equivalents has ranged from $5.39 million in 2016 to $263.52 million in 2021, and is currently $20.40 million as of their latest financial filing in 2025.

How has Eagle Materials' book value per share changed over the last 10 years?

Over the last 10 years, Eagle Materials' book value per share changed from 20.10 in 2015 to 43.76 in 2025, a change of 117.7%.

Related Companies

Financial statements for NYSE:EXP last updated on 2/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Eagle Materials (EXP) Financials

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Eagle Materials (EXP) Financials

Annual Income Statements for Eagle Materials

Quarterly Income Statements for Eagle Materials

Annual Cash Flow Statements for Eagle Materials

Quarterly Cash Flow Statements for Eagle Materials

Annual Balance Sheets for Eagle Materials

Quarterly Balance Sheets for Eagle Materials

Annual Metrics And Ratios for Eagle Materials

Quarterly Metrics And Ratios for Eagle Materials

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Key Financial Trends

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