ValueScreener

ValueScreener company report

Eagle Materials Inc. (EXP)

NYSE / Basic Materials / Construction Materials

Share price

170.58 USD Market dataClose of Oct 15, 2026

Market capitalisation

5.23B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2026, filed May 19, 2026
Ratios computed
Oct 15, 2026
Filed years
16, FY2010 to FY2026
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

15.5% Computed

From the FY2026 filing

Read quality

Valuation

Price to earnings

12.88x Computed

FY2026 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

3.6% Computed

FY2026 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2017 Revenue: 1.21B USDFY2017 Net income: 198.2M USDFY2018 Revenue: 1.39B USDFY2018 Net income: 256.6M USDFY2019 Revenue: 1.31B USDFY2019 Net income: 68.9M USDFY2020 Revenue: 1.40B USDFY2020 Net income: 70.9M USDFY2021 Revenue: 1.62B USDFY2021 Net income: 339.4M USDFY2022 Revenue: 1.86B USDFY2022 Net income: 374.2M USDFY2023 Revenue: 2.15B USDFY2023 Net income: 461.5M USDFY2024 Revenue: 2.26B USDFY2024 Net income: 477.6M USDFY2025 Revenue: 2.26B USDFY2025 Net income: 463.4M USDFY2026 Revenue: 2.31B USDFY2026 Net income: 423.8M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
3 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 12.88x at the close of 2026-10-15 on FY2026 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 10.00x and 15.00x.

Today, against the Basic Materials sector (124 companies), 12.88x sits at the 15th percentile; the middle half of that group runs from 15.03x to 34.97x.

Is it good

Return on invested capital was 15.5% in FY2026, in the band labelled "Above the cost of capital" (12.0% to 20.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Basic Materials sector (99 companies), 15.5% sits at the 83rd percentile; the middle half of that group runs from 1.5% to 12.9%.

Is it safe

Debt to equity was 1.22 in FY2026, in the band labelled "Leveraged" (1.00 to 2.00), on lines anchored on Graham's defensive-investor criteria.

Today, against the Basic Materials sector (146 companies), 1.22 sits at the 81st percentile; the middle half of that group runs from 0.18 to 0.89.

Year by year against peers
Whether Eagle Materials Inc.'s return on invested capital stayed above the median of the Basic Materials sector, year by year. (FY2024 to FY2026, 3 fiscal years of Eagle Materials Inc. with a comparable figure)
The direction
Which way Eagle Materials Inc.'s return on equity has moved, and how steadily. (FY2017 to FY2026, 10 filed years of Eagle Materials Inc.)
What could explain it
What in Eagle Materials Inc.'s filed statements could explain the movements. (10 readings drawn from the statement lines Eagle Materials Inc. filed)
What to check next
What to check next on Eagle Materials Inc., and where in its filings. (3 questions for Eagle Materials Inc.)
In one paragraph
One paragraph on Eagle Materials Inc.'s returns, cash, balance sheet and price. (13 of sixteen figures read for Eagle Materials Inc.)

These are EXP’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research EXPPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2026 annual report: 10-K, filed May 19, 2026, accession 0001193125-26-230979.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Eagle Materials Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax15.5% ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Return on equity28.7% ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Return on capital employed, pre-tax
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Return on assets11.0% ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Gross margin28.3% ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Operating margin
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Net margin18.4% ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
EXP 18.4%
USLM 36.0%KNF 5.0%BCC 2.1%TTAM 11.1%
2.1%36.0%
Net margin: EXP against the 4 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Eagle Materials Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity1.22 ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Current ratio3.66 ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Quick ratio2.09 ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Interest coverage
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Altman Z-score
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Net debt1.50B ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Total assets 3.84BTotal liabilities 2.37BShareholders' equity 1.47BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Eagle Materials Inc owned and owed at the end of fiscal 2026, from the balance sheet it filed (10-K, filed May 19, 2026, 0001193125-26-230979).

Eagle Materials Inc: balance sheet position
Total assets3.84B FiledFY2026 10-K, filed May 19, 2026
Total liabilities2.37B FiledFY2026 10-K, filed May 19, 2026
Shareholders' equity1.47B FiledFY2026 10-K, filed May 19, 2026
Cash297.9M FiledFY2026 10-K, filed May 19, 2026
Total debt1.80B FiledFY2026 10-K, filed May 19, 2026
Net debt1.50B
Current ratio3.66
Debt to equity1.22
  • Interest cover: FY2026: No operating income line is filed for this year.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Eagle Materials Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings12.88x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 19, 2026, 0001193125-26-230979
P/E on trailing twelve months13.37x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book3.72x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Price to sales2.38x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Enterprise value to EBIT11.88x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Enterprise value to EBITDA
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Price to earnings over growth1.27 ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Diluted earnings per share13.16 USD FiledFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Graham number116.82 USD ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979

We publish no fair value or price target of our own. Value EXP on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Eagle Materials Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Eagle Materials Inc: valuation
Share price170.58 USD
Market capitalisation5.23B USD
Enterprise value to EBITDAn/a
Graham number116.82 USD
Diluted earnings per share, FY202613.16 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 10.00x, median 18.01x, high 92.66x, latest 13.37x. 2,446 trading days with a meaningful ratio, 76 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Eagle Materials Inc

  1. United States Lime & Minerals, Inc. (USLM)Market cap 3.07B USD
  2. Knife River Corporation (KNF)Market cap 2.83B USD
  3. Boise Cascade Company (BCC)Market cap 2.63B USD
  4. Titan America S.A. (TTAM)Market cap 2.52B USD

Same industry (Construction Materials) and size band (Mid, 2B to 10B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Eagle Materials Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield3.6% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Free cash flow197.4M USD ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Free cash flow margin8.6% ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Dividend yield0.6% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Payout ratio7.6% ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
FY2017 Free cash flow: 274.7M USDFY2017 Net income: 198.2M USDFY2018 Free cash flow: 205.7M USDFY2018 Net income: 256.6M USDFY2019 Free cash flow: 181.4M USDFY2019 Net income: 68.9M USDFY2020 Free cash flow: 267.2M USDFY2020 Net income: 70.9M USDFY2021 Free cash flow: 589.1M USDFY2021 Net income: 339.4M USDFY2022 Free cash flow: 443.1M USDFY2022 Net income: 374.2M USDFY2023 Free cash flow: 431.6M USDFY2023 Net income: 461.5M USDFY2024 Free cash flow: 443.6M USDFY2024 Net income: 477.6M USDFY2025 Free cash flow: 353.3M USDFY2025 Net income: 463.4M USDFY2026 Free cash flow: 197.4M USDFY2026 Net income: 423.8M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Eagle Materials Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
12.88xFY2026Oct 15, 2026
3.72xFY2026Oct 15, 2026
11.88xFY2026Oct 15, 2026
3.6%FY2026Oct 15, 2026
15.5%FY2026May 19, 2026
0.6%FY2026Oct 15, 2026
1.22FY2026May 19, 2026
3.66FY2026May 19, 2026
2.38xFY2026Oct 15, 2026
1.27FY2026Oct 15, 2026
n/aFY2026Oct 15, 2026
n/a We hold no figure here and no stored reason for its absence. The gap is ours, not the company's.
-2.71FY2026May 19, 2026
5/9FY2026May 19, 2026

The figures are computed from the accounts for fiscal 2026, the newest full year on file. 16 filed fiscal years on record, FY2010 to FY2026, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2017 to FY2026, read from the annual reports Eagle Materials Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Eagle Materials Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY20262.31B588.5M423.8M13.16197.4Mn/a28.7%10-K, May 19, 20260001193125-26-230979
FY20252.26B632.0M463.4M13.77353.3Mn/a31.8%10-K, May 20, 20250000950170-25-075321
FY20242.26B716.9M477.6M13.61443.6M31.7%36.5%10-K, May 22, 20240000950170-24-063523
FY20232.15B674.7M461.5M12.46431.6M31.4%38.9%10-K, May 19, 20230000950170-23-023282
FY20221.86B552.1M374.2M9.14443.1M29.7%33.0%10-K, May 20, 20220000950170-22-010413
FY20211.62B445.8M339.4M8.12589.1M27.5%25.0%10-K, May 21, 20210001564590-21-029341
FY20201.40B385.3M70.9M1.68267.2M27.4%7.3%10-K, May 22, 20200001564590-20-026773
FY20191.31B386.7M68.9M1.47181.4M29.5%5.7%10-K, May 23, 20190001564590-19-020349
FY20181.39B382.2M256.6M5.28205.7M27.6%18.1%10-K, May 23, 20180001564590-18-014244
FY20171.21B354.4M198.2M4.10274.7M29.3%16.5%10-K, May 24, 20170001564590-17-011625
  • Revenue, compound annual growth FY2017 to FY2026: 7.4%
  • Earnings, compound annual growth FY2017 to FY2026: 8.8%
  • Earnings per share, compound annual growth FY2017 to FY2026: 13.8%
  • Free cash flow, compound annual growth FY2017 to FY2026: -3.6%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Eagle Materials Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.71 ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Piotroski F-score5/9 ComputedFY2026 10-K, filed May 19, 2026, 0001193125-26-230979
Named tests met3 of 30 Computed
Beta0.96 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 3 met, 26 not met, 1 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Earnings yield and ROIC (Joel Greenblatt); ROIC at or above WACC; Cash-covered dividend
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
EV/EBITDA and coverage. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(3)
  • Altman Z-Score: We do not hold this figure for this company, so there is nothing to show.
  • EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: No operating income line is filed for this year.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 3 figures could not be read on this company: Altman Z-Score, EV/EBITDA, Interest Coverage. 1 named test comes back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

No card. 30 free days, and nothing is charged unless you choose a plan.

Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

Site map
  • Android app coming soon
  • iPhone app coming soon
ValueScreener

Discover companies, research each one to its filings, track what matters, and take your work into your own spreadsheet.

ValueScreener is a trading name of Oliva Real Estate Technologies LLC, a Delaware limited liability company. Legal notices: legal@valuescreener.ai. © 2026 Oliva Real Estate Technologies LLC. All rights reserved.

Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.