Loading…
Maker of fiber-cement siding and backerboard for homes, marketed as a durable alternative to wood and vinyl.
Maker of fiber-cement siding and backerboard for homes, marketed as a durable alternative to wood and vinyl.
Sells mainly through building-material distributors to contractors, and most volume is US housing, split between new builds and repair and remodeling. Its 2025 purchase of Azek added composite decking and trim, widening it beyond fiber-cement siding.
In one line: Category leader in fiber-cement siding.
Moat: narrow (brand, distribution, scale). Category-creating brand with the largest fiber-cement manufacturing footprint and contractor relationships.
Headquarters: Dublin, Ireland · Founded: 1888 · Employees: 7,500
Size James Hardie Industries (JHX) is a United States Materials company (Construction Materials) with a market value of $16.2B, the 569th largest of 3,117 United States companies the cockpit tracks. Shares closed at $27.85 on 6 Nov 2026.
Performance Over six months the shares gained 32.8%, against -9.4% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 16 in its peer set.
Growth Revenue grew 42.9% over the last twelve months (peer median +1.6%); the operating margin is 13.7% (peer median 14.7%).
Valuation It trades at 21.0× forward earnings against a peer median of 16.1× (4th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 26% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +15 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 6.4 points below its cost of capital (11.9% WACC).
Short interest Short interest is 4.4% of the free float (15 Oct 2026).
Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.41B | $4.84B | $3.88B | $3.94B | $3.78B |
| Revenue growth | — | +25% | -1% | +4% | — |
| Gross profit | $1.94B | $1.73B | $1.50B | $1.59B | $1.31B |
| EBITDA | $1.35B | $1.21B | $1.08B | $1.12B | $954M |
| Net income | $146M | $104M | $424M | $510M | $512M |
| Free cash flow | $354M | $200M | $360M | $445M | $7.80M |
| Capital expenditure | $374M | $384M | $422M | $449M | $591M |
| Total debt | $4.52B | $4.79B | $1.21B | $1.20B | $1.14B |
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 |
|---|---|---|---|---|---|---|
| James Hardie Industries JHX | $16.2B | +33% | +43% | 14% | 21.0× | 26.1% |
| Louisiana-Pacific LPX | $5.27B | 0% | -12% | 5% | 34.9× | 39.1% |
| Compagnie de Saint-Gobain SGO.PA | $40.7B | -3% | -2% | 10% | 12.1× | 5.1% |
| Owens Corning OC | $9.59B | 0% | -11% | 14% | 15.3× | 3.6% |
| Cemex SAB de CV Sponsored ADR CX | $16.6B | -18% | +10% | 13% | 11.2× | 4.4% |
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 | JHX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.7% | +14.7% | 6th lowest of 16 |
| 6-month return | +32.8% | -9.4% | highest of 16 |
| Distance from 52-week high | -11.4% | -22.6% | 6th highest of 16 |
| Revenue growth (TTM) | +42.9% | +1.6% | highest of 16 |
| Operating margin | 13.7% | 14.7% | 7th lowest of 16 |
| Forward P/E | 21.0× | 16.1× | 4th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 26.1% | 2.8% | most demanding of 16 |
| Growth delivered (Del g) | +10.7% | +5.4% | highest of 16 |
| Hurdle (Req g minus delivered) | +15.4 pp | +1.9 pp | 2nd most demanding of 16 |
| ROIC minus cost of capital | -6.4 pp | +0.4 pp | lowest of 16 |
| EV / EBITDA | 15.0× | 10.6× | 3rd most expensive of 13 |
| Net debt / EBITDA | 3.0× | 2.0× | 2nd most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| James Hardie Industries JHX | United States | $16.2B | +33% | +43% | 14% | 21.0× | 26.1% | +10.7% |
| Cemex SAB de CV Sponsored ADR CX | United States | $16.6B | -18% | +10% | 13% | 11.2× | 4.4% | +4.7% |
| Anhui Conch Cement 600585.SS | China | $13.9B | -12% | -8% | 4% | 19.4× | -7.7% | -14.1% |
| Amrize AMRZ | United States | $22.9B | -21% | +4% | 16% | 17.2× | -0.1% | +3.3% |
| Buzzi BZU.MI | Italy | $8.04B | -9% | +2% | 18% | 9.3× | 2.8% | +7.0% |
| Heidelberg Materials HEI.DE | Germany | $34.3B | -5% | 0% | 15% | 13.5× | 4.9% | +4.0% |
| Vulcan Materials VMC | United States | $36.3B | 0% | +2% | 21% | 29.5× | 18.7% | +10.3% |
| Huaxin Building Materials 600801.SS | China | $7.16B | +28% | +16% | 18% | 14.8× | -10.9% | +3.7% |
| Martin Marietta Materials MLM | United States | $36.8B | -12% | +9% | 20% | 28.8× | 23.2% | +5.4% |
| ROCKWOOL A/S ROCK-A.CO | Denmark | $6.72B | +11% | -1% | 13% | 16.2× | -4.8% | +8.3% |
| TCC 1101.TW | Taiwan | $6.09B | +11% | -6% | 8% | 29.2× | 9.1% | +7.2% |
| Eagle Materials EXP | United States | $5.71B | -12% | +2% | 22% | 16.1× | 9.7% | +7.3% |
| Holcim HOLN.SW | Switzerland | $48.4B | -3% | -26% | 16% | 19.5× | 1.4% | -7.4% |
| FLSmidth & Co. A/S FLS.CO | Denmark | $4.88B | +22% | -20% | 13% | 13.9× | 2.8% | -2.3% |
| Beijing New Building Materials (Group) 000786.SZ | China | $4.41B | -33% | -3% | 10% | 11.4× | -2.3% | +8.4% |
| CRH CRH | United States | $63.1B | -16% | +6% | 14% | 16.0× | 11.0% | +6.3% |