Eagle Materials Inc. (EXP) Stock Analysis
Basic Materials · Building Materials · NYSE
Eagle Materials Inc. (EXP) posted $2.31B in revenue for fiscal 2026 (up 2.1% year over year), at a 18.4% net margin, and has compounded revenue about 7.3%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Eagle Materials Inc.
Eagle Materials Inc. has grown revenue from $1.21B to $2.31B over the last 10 fiscal years, compounding about 7.3% a year. The most recent year was up 2.1%, so growth has cooled from its longer-run pace.
Net margin sits at 18.4%, down 2.1 points year over year on a 28.3% gross margin. It carries about $1.78B of total debt.
At today's valuation the market is pricing in roughly 14.7% annual free-cash-flow growth — versus the -19.6% it actually delivered over the last five years, so the price already assumes a step-up from the recent record. The one thing worth a second look in the filings is net margin shrinking.
Synthesised from Eagle Materials Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Eagle Materials Inc. revenue & earnings — last 10 fiscal years
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.21B | $1.39B | $1.31B | $1.40B | $1.62B | $1.86B | $2.15B | $2.26B | $2.26B | $2.31B |
| Gross profit | $312.05M | $338.76M | $348.10M | $342.67M | $408.36M | $519.61M | $639.27M | $685.32M | $673.14M | $652.54M |
| Net income | $198.22M | $256.63M | $68.86M | $70.89M | $339.44M | $374.25M | $461.54M | $477.64M | $463.42M | $423.81M |
| Net margin | 16.4% | 18.5% | 5.3% | 5.0% | 20.9% | 20.1% | 21.5% | 21.1% | 20.5% | 18.4% |
Source: Eagle Materials Inc. SEC filings (10-K). 18 years of history available in the interactive view.
Eagle Materials Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Net margin shrinkingNet margin fell from 21.5% to 18.4% over ~3 years — profitability is compressing.
What growth is priced into EXP stock?
At today's market cap of $6.58B, Eagle Materials Inc. is priced for free-cash-flow growth of about 14.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $197.43M from the FY ending 2026-03-31). For comparison, free cash flow actually grew -19.6%/yr over the last five fiscal years and revenue 7.3%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of Eagle Materials Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Eagle Materials Inc. financial history by metric
Compare Eagle Materials Inc. with peers
About Eagle Materials Inc.
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.
Eagle Materials Inc. — frequently asked questions
What is Eagle Materials Inc.'s revenue?
Eagle Materials Inc. (EXP) reported revenue of $2.31B for fiscal year 2026, up 2.1% from the prior year, according to its SEC filings.
Is Eagle Materials Inc. profitable?
Yes. EXP earned net income of $423.81M in fiscal 2026, a net margin of 18.4%.
What is EXP's P/E ratio?
Eagle Materials Inc. trades at a price-to-earnings ratio of about 16.2 based on the latest data in our nightly-refreshed cache.
How fast is Eagle Materials Inc. growing?
EXP's revenue grew at roughly 7.3% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Eagle Materials Inc. have?
As of fiscal year 2026, EXP carried roughly $1.78B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Eagle Materials Inc.'s gross margin?
EXP's gross margin was 28.3% in fiscal 2026 — gross profit of $652.54M on revenue of $2.31B.
What is Eagle Materials Inc.'s market cap?
Eagle Materials Inc. (EXP) has a market capitalization of about $6.58B, based on the latest data in our nightly-refreshed cache.
When does Eagle Materials Inc.'s fiscal year end?
EXP's fiscal year ends in March. Its most recent annual filing covers the fiscal year ending 2026-03-31.
What growth is priced into EXP stock?
At today's market cap of $6.58B, Eagle Materials Inc. is priced for free-cash-flow growth of about 14.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $197.43M from the FY ending 2026-03-31). For comparison, free cash flow actually grew -19.6%/yr over the last five fiscal years and revenue 7.3%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Eagle Materials Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.