Loading…
Producer of cement and gypsum wallboard for US construction, plus recycled paperboard used in wallboard facing.
Producer of cement and gypsum wallboard for US construction, plus recycled paperboard used in wallboard facing.
Sells cement and wallboard priced region by region, so earnings track local construction activity and plant utilisation more than brand. Wallboard goes mostly through building-materials distributors, cement to concrete makers and contractors, and the recycled paperboard mill feeds its own wallboard plants as well as outside buyers. Sales are almost entirely within the US.
Moat: narrow (regulatory licence, scale, distribution). Regional cement plants and wallboard mills are permit-constrained and costly to duplicate.
Headquarters: Dallas, Texas, US · Founded: 1963 · Employees: 2,800
Size Eagle Materials (EXP) is a United States Materials company (Construction Materials) with a market value of $5.71B, the 1099th largest of 3,117 United States companies the cockpit tracks. Shares closed at $186.04 on 6 Nov 2026.
Performance Over six months the shares fell 11.6%, against +4.6% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 1.6% over the last twelve months (peer median +0.6%); the operating margin is 21.8% (peer median 10.9%).
Valuation It trades at 16.1× forward earnings against a peer median of 13.8× (7th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.2 points above its cost of capital (10.0% WACC).
Credit Eagle Materials has 2 bonds outstanding ($1.50B), rated BBB by the agencies and trading like BBB at a weighted spread of 103 bp.
Short interest Short interest is 6.3% of the free float (15 Oct 2026).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.34B | $2.31B | $2.26B | $2.26B | $2.15B |
| Revenue growth | — | +2% | 0% | +5% | — |
| Gross profit | $603M | $653M | $673M | $685M | $639M |
| EBITDA | $673M | $728M | $758M | $775M | $724M |
| Net income | $377M | $424M | $463M | $478M | $462M |
| Free cash flow | n/a | $197M | $353M | $444M | $432M |
| Capital expenditure | n/a | $417M | $195M | $120M | $110M |
| Total debt | $1.76B | $1.80B | $1.28B | $1.12B | $1.12B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Eagle Materials EXP | $5.71B | -12% | +2% | 22% | 16.1× | 9.7% |
| Martin Marietta Materials MLM | $36.8B | -12% | +9% | 20% | 28.8× | 23.2% |
| Vulcan Materials VMC | $36.3B | 0% | +2% | 21% | 29.5× | 18.7% |
| CRH CRH | $63.1B | -16% | +6% | 14% | 16.0× | 11.0% |
| Builders FirstSource BLDR | $6.73B | -19% | -8% | 2% | 23.9× | 25.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EXP | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.2% | +7.5% | 9th highest of 21 |
| 6-month return | -11.6% | +4.6% | 8th lowest of 20 |
| Distance from 52-week high | -24.2% | -20.7% | 10th lowest of 21 |
| Revenue growth (TTM) | +1.6% | +0.6% | 10th highest of 21 |
| Operating margin | 21.8% | 10.9% | 3rd highest of 21 |
| Forward P/E | 16.1× | 13.8× | 7th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 9.7% | 3.6% | 2nd most demanding of 19 |
| Growth delivered (Del g) | +7.3% | +6.3% | 6th highest of 19 |
| Hurdle (Req g minus delivered) | +2.4 pp | -2.6 pp | 7th most demanding of 19 |
| ROIC minus cost of capital | +3.2 pp | -1.3 pp | 7th highest of 21 |
| EV / EBITDA | 10.7× | 7.6× | 7th most expensive of 16 |
| Net debt / EBITDA | 2.3× | 1.7× | 7th most indebted of 16 |
| Bond spread | 103 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Eagle Materials EXP | United States | $5.71B | -12% | +2% | 22% | 16.1× | 9.7% | +7.3% |
| TCC 1101.TW | Taiwan | $6.09B | +11% | -6% | 8% | 29.2× | 9.1% | +7.2% |
| FLSmidth & Co. A/S FLS.CO | Denmark | $4.88B | +22% | -20% | 13% | 13.9× | 2.8% | -2.3% |
| ROCKWOOL A/S ROCK-A.CO | Denmark | $6.72B | +11% | -1% | 13% | 16.2× | -4.8% | +8.3% |
| Huaxin Building Materials 6655.HK | Hong Kong | $6.91B | +9% | +22% | 18% | 8.1× | -7.8% | +3.0% |
| Beijing New Building Materials (Group) 000786.SZ | China | $4.41B | -33% | -3% | 10% | 11.4× | -2.3% | +8.4% |
| Buzzi BZU.MI | Italy | $8.04B | -9% | +2% | 18% | 9.3× | 2.8% | +7.0% |
| Asia Cement 1102.TW | Taiwan | $3.92B | +5% | -10% | 10% | 11.0× | 5.6% | -1.9% |
| Tianshan Material 000877.SZ | China | $3.47B | -30% | -17% | -13% | n/a | 5.6% | -14.5% |
| United States Lime & Minerals USLM | United States | $3.39B | +7% | +4% | 41% | 19.6× | 5.1% | +18.3% |
| Vicat VCT.PA | France | $3.29B | +6% | +5% | 11% | 10.2× | 0.2% | +6.6% |
| Knife River KNF | United States | $3.20B | -38% | +11% | 9% | 23.1× | n/a | n/a |
| Taiheiyo Cement 5233.T | Japan | $3.03B | +19% | +1% | 8% | 7.7× | 0.8% | +0.8% |
| China National Building Material 3323.HK | Hong Kong | $2.76B | -51% | 0% | 2% | 25.2× | 25.1% | -7.7% |
| FangDa Carbon New Material 600516.SS | China | $2.74B | -20% | +17% | -4% | 226.5× | n/a | n/a |
| Cementir CEM.MI | Italy | $2.70B | +5% | -2% | 13% | 12.8× | 4.3% | +6.0% |
| Cementos Molins CMO.MC | Spain | $2.70B | n/a | +14% | 12% | 13.6× | 8.9% | +12.5% |
| Imerys NK.PA | France | $2.41B | +11% | -2% | 6% | 15.4× | 7.4% | -2.3% |
| Anhui Conch Cement 0914.HK | Hong Kong | $13.9B | -11% | -7% | 8% | 16.0× | 1.0% | -14.7% |
| Titan America TTAM | United States | $2.08B | -32% | +5% | 15% | 10.5× | 1.0% | +6.9% |
| YOUNGY 002192.SZ | China | $2.03B | -52% | +315% | 60% | n/a | 4.9% | +16.8% |
Eagle Materials has 2 bonds outstanding with $1.50B face value. The agencies rate it BBB; its bonds trade like BBB. Weighted yield 5.73%, a spread of 103 bp over government bonds.