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Eagle Materials (EXP) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Basic Materials•Building Materials
C
AverageMetricSide Score: 58/100
ProfitabilityProfit30/30
GrowthGrowth6/25
Balance SheetBalance12/25
Cash QualityCash10/20
Price & Volume
Market Cap $6.89B

Eagle Materials Inc., through its subsidiaries, manufactures and sells heavy construction products and light building materials in the United States. The company operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. It engages in the mining of limestone for the manufacture, production, distribution, and sale of portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades. The company is also involved in the manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel. Its products are used in commercial and residential construction; public construction projects to build, expand, and repair roads and highways; and repair and remodel activities. The company was formerly known as Centex Construction Products, Inc. and changed its name to Eagle Materials, Inc. in January 2004. Eagle Materials Inc. was founded in 1963 and is headquartered in Dallas, Texas.

Moat Signals

Competitive analysis based on 58 quarters of fundamental data

Pricing Power

Moderate Moat

Operating margins are positive at ~27.0% on average, but show some variability — pricing power may be sensitive to market conditions.

Competitive Advantage

Strong Moat

Consistently high ROE averaging 44.8% suggests a durable competitive advantage and efficient capital allocation.

Risk Signals

Data-driven red flags and warnings across 58 quarters

Some Concerns

Margin Pressure

Red Flag

Operating margins dropped 26.9% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.6x) — earnings may be inflated by non-cash items or aggressive accounting.

Leverage Risk

Watch

Debt-to-equity has risen 40.9% recently — increasing financial risk even if the current ratio is manageable.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Shares decreased 7.2% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$2.31B
43.0%
Q. Revenue
$479.11M
TTM EBITDA
$785.21M
45.9%
TTM Op. Income
$536.87M
54.3%
Q. Op. Income
$77.02M
TTM Net Income
$423.81M
50.7%
Q. Net Income
$60.16M
EPS
$1.921
Shares Out.
$31.31M
6.2%
$2.31B in TTM revenue declined 43.0% YoY, reaching $479.11M last quarter. TTM EBITDA of $785.21M and TTM operating income of $536.87M shows growth is flowing through. Net income of $423.81M TTM confirms the company is converting revenue into profit. Revenue is contracting — assess whether this is cyclical or structural.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
22.2%
25.5%
EBITDA Margin
42.0%
Op. Margin
16.1%
37.9%
Net Margin
12.6%
38.7%
Op. margin of 16.1% is down 9.8% YoY — costs are rising relative to revenue. Net margin at 12.6% and gross margin of 22.2% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
16.3x
P/S Ratio
3.0x
P/B Ratio
4.7x
At 16.3x P/E, the stock trades in line with market averages — fairly valued. P/S of 3.0x and P/B of 4.7x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$3.84B
Cash
$297.92M
Long-Term Debt
$1.75B
Book Value
$1.47B
D/E Ratio
1.2
Debt/EBITDA
8.7
With $3.84B in assets and $1.75B in long-term debt, the D/E of 1.2and book value of $1.47B — reflects moderate leverage — debt is manageable but worth monitoring.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$102.14M
Free Cash Flow
$-19.92M
105.6%
FCF Margin
-0.9%
FCF / Net Income
-0.3
FCF of $-19.92M on $102.14M in operating cash flow. The FCF / Net Income ratio of -0.0x shows cash consumption — the business is not yet self-funding.

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Cash Generation

Moderate Moat

7 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Moderate Moat

Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.