James Hardie Industries plc (JHX) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$0.29	$0.3	+3.4%	—	$1.4B	—
Q3 26	$0.22	$0.24	+9.1%	—	$1.2B	—
Q2 26	$0.25	$0.26	+4.0%	—	$1.3B	—
Q1 26	$0.29	$0.29	0.0%	—	$899.9M	—
Q4 25	$0.36	$0.36	0.0%	—	$971.5M	—
Q3 25	$0.35	$0.36	+2.9%	—	$953.3M	—
Q4 23	—	$0.33	—	—	$917.8M	—
Q3 23	—	$0.29	—	—	$860.8M	—
Q2 23	—	$0.39	—	—	$997.6M	—
Q1 23	—	$0.35	—	—	$1B	—
Q4 22	—	$0.39	—	—	$968.2M	—
Q3 22	—	$0.35	—	—	$900M	—
Q2 22	—	$0.35	—	—	$903.2M	—
Q1 22	—	$0.3	—	—	$843.3M	—
Q4 21	—	$0.28	—	—	$807M	—
Q3 21	—	$0.15	—	—	$738.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$0.19	—	—	$4.8B	—
FY25	—	$0.98	—	—	$3.9B	—
FY24	—	$1.16	—	—	$3.9B	—
FY23	—	$1.15	—	—	$3.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$1.9B	$2.1B	$2.5B	$2.6B	$2.9B	$3.6B	$3.8B	$3.9B	$3.9B	$4.8B
YoY change	+11.2%	+6.92%	+22%	+4%	+11.6%	+24.3%	+4.49%	+4.21%	-1.49%	+24.7%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1.9B	2.1B	2.5B	2.6B	2.9B	3.6B	3.8B	3.9B	3.9B	4.8B
Cost of revenue	1.2B	1.3B	1.7B	1.7B	1.9B	2.3B	2.5B	2.3B	2.4B	3.1B
Gross profit	674.7M	730.2M	831M	933.7M	1.1B	1.3B	1.3B	1.6B	1.5B	1.7B
Gross margin	35.1%	35.5%	33.2%	35.8%	36.2%	36.3%	34.7%	40.4%	38.8%	35.8%
Research & development	30.3M	33.3M	37.9M	32.8M	34.3M	38M	39.6M	47M	48.5M	60.7M
Selling, general & administrative	291.6M	311.3M	403.6M	415.8M	389.6M	461.2M	494M	602.2M	596.2M	946.4M
Operating expenses	321.9M	344.6M	441.5M	448.6M	423.9M	499.2M	533.6M	649.2M	644.7M	1B
Operating income	352.8M	385.6M	389.5M	485.1M	627.8M	814.3M	778.4M	939.2M	860.3M	722.5M
Operating margin	18.4%	18.8%	15.5%	18.6%	21.6%	22.5%	20.6%	23.9%	22.2%	14.9%
Non-operating income, net	41.7M	-181.8M	-38.8M	-142.7M	-168M	-131.9M	-24.2M	-169.1M	-204.6M	-284.7M
Pretax income	367M	174.3M	300.6M	288M	412M	643.1M	723.5M	754.8M	645.4M	206.7M
Income tax	90.5M	28.2M	71.8M	46.5M	149.2M	184M	211.5M	244.6M	221.4M	102.7M
Net income	276.5M	146.1M	228.8M	241.5M	262.8M	459.1M	512M	510.2M	424M	104M
Net margin	14.4%	7.11%	9.13%	9.26%	9.03%	12.7%	13.6%	13%	10.9%	2.15%
EBITDA	438.3M	481.7M	509M	616.5M	762.9M	975.9M	970.1M	1.1B	1.1B	1.2B
EPS	0.62	0.33	0.52	0.55	0.59	1.03	1.15	1.16	0.98	0.19
Diluted EPS	0.62	0.33	0.52	0.54	0.59	1.03	1.15	1.16	0.98	0.19

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	998.8M	978.3M	1B	991.9M	960.8M	953.3M	971.5M	899.9M	1.3B	1.2B	1.4B	1.5B
Cost of revenue	595.2M	577.6M	594.2M	595M	587.9M	590.9M	598.7M	563M	871.1M	791.6M	880.5M	925.9M
Gross profit	403.6M	400.7M	410.7M	396.9M	372.9M	362.4M	372.8M	336.9M	421.1M	448.2M	523.4M	548.7M
Gross margin	40.4%	41%	40.9%	40%	38.8%	38%	38.4%	37.4%	32.6%	36.2%	37.3%	37.2%
Research & development	11.1M	10.7M	14.5M	11.8M	12.8M	11.5M	12.4M	12.1M	15.8M	16.6M	16.2M	15.4M
Selling, general & administrative	152.8M	156.3M	164.2M	149.8M	149.9M	144.7M	151.8M	156.1M	250.8M	249.7M	289.8M	295.4M
Operating expenses	163.9M	167M	178.7M	161.6M	162.7M	156.2M	164.2M	168.2M	266.6M	266.3M	306M	310.8M
Operating income	239.7M	233.7M	232M	235.3M	210.2M	206.2M	208.6M	168.7M	154.5M	181.9M	217.4M	237.9M
Operating margin	24%	23.9%	23.1%	23.7%	21.9%	21.6%	21.5%	18.7%	12%	14.7%	15.5%	16.1%
Non-operating income, net	-14.4M	-7M	-148.1M	-100K	-57.9M	-100K	-146.9M	-41.2M	-129.1M	-5.7M	-108.7M	-19.1M
Pretax income	220.8M	223.6M	82M	233.9M	150.4M	202.3M	58.8M	89.7M	-40M	110.6M	46.4M	157.3M
Income tax	69.1M	78.5M	26.4M	78.6M	67M	60.6M	15.2M	27.1M	15.8M	41.9M	17.9M	53M
Net income	151.7M	145.1M	55.6M	155.3M	83.4M	141.7M	43.6M	62.6M	-55.8M	68.7M	28.5M	104.3M
Net margin	15.2%	14.8%	5.53%	15.7%	8.68%	14.9%	4.49%	6.96%	-4.32%	5.54%	2.03%	7.07%
EBITDA	287.1M	280.6M	301.3M	285.3M	262.1M	261.4M	240.6M	255.3M	282.3M	329.5M	380.3M	407.8M
EPS	0.35	0.33	—	0.36	0.19	0.33	—	0.15	-0.1	0.12	—	0.18
Diluted EPS	0.34	0.33	—	0.36	0.19	0.33	—	0.15	-0.1	0.12	—	0.18

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	7B	7.9B	5.7B	5.3B	13.6B	13.4B	9.6B	17.7B	10.1B	—	14.7B
Enterprise value	7.5B	8.5B	7B	6.5B	14.3B	14.2B	10.7B	18.6B	10.8B	—	19.4B
Shares outstanding	442.7M	441.2M	441.9M	442.6M	443.7M	444.9M	445.1M	438.4M	430.8M	541.8M	541.8M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	25.3	54	24.9	22	51.6	29.2	18.8	34.8	23.9	—	115.2
P/S	3.64	3.84	2.27	2.03	4.66	3.71	2.55	4.51	2.62	—	2.72
P/B	-33	-35.6	5.84	5.12	12.8	10.1	5.98	9.54	4.7	—	2.25
EV/EBITDA	17.2	17.5	13.7	10.6	18.7	14.6	11	16.2	9.75	—	13.4
EV/Sales	3.92	4.11	2.78	2.51	4.91	3.94	2.82	4.72	2.78	—	3.58
Earnings yield	3.95%	1.85%	4.02%	4.55%	1.94%	3.42%	5.31%	2.88%	4.18%	—	0.87%
FCF yield	4.01%	1.25%	-0.24%	4.85%	4.98%	3.72%	0.17%	2.62%	3.54%	—	14.6%
PEG	—	—	—	—	—	—	—	—	—	—	5.76

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	35.1%	35.5%	33.2%	35.8%	36.2%	36.3%	34.7%	40.4%	38.8%	35.8%	37.2%
Operating margin	18.4%	18.8%	15.5%	18.6%	21.6%	22.5%	20.6%	23.9%	22.2%	14.9%	16.1%
Net margin	14.4%	7.11%	9.13%	9.26%	9.03%	12.7%	13.6%	13%	10.9%	2.15%	2.69%
ROE	-130.3%	-66%	23.5%	23.3%	24.8%	34.4%	31.8%	27.4%	19.6%	1.62%	3.31%
ROA	13.7%	6.21%	5.67%	6%	6.43%	10.8%	11.4%	10.4%	8.11%	0.76%	5.17%
ROIC	81.6%	94.3%	13.1%	17.8%	22.6%	26.9%	20.9%	23.6%	20.2%	3.32%	3.9%
Return on tangible assets	13.7%	6.31%	6.97%	7.32%	7.91%	13%	13.5%	12.1%	9.32%	-4.07%	-5.65%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.47	2.14	1.56	1.78	1.05	1.46	1.54	1.79	2.1	1.58	1.59
Quick ratio	1	1.49	0.9	1.18	0.8	1.1	1.05	1.37	1.67	1.03	1.03
Debt / equity	-2.91	-3.99	1.42	1.36	0.87	0.72	0.71	0.65	0.56	0.74	0.69
Debt / assets	0.31	0.38	0.34	0.35	0.23	0.23	0.25	0.24	0.23	0.35	0.34
Net debt / EBITDA	1.23	1.17	2.52	2.02	0.94	0.85	1.06	0.73	0.58	3.74	3.02
Interest coverage	13.9	6.3	7	6.29	9.62	17.4	20.6	21.7	16.7	1.89	2.08
Effective tax rate	24.7%	16.2%	23.9%	16.1%	36.2%	28.6%	29.2%	32.4%	34.3%	49.7%	46.9%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	4.34	4.66	5.67	5.89	6.56	8.12	8.49	8.98	9	8.93	9.34
EPS (basic)	0.62	0.33	0.52	0.55	0.59	1.03	1.15	1.16	0.98	0.19	0.19
EPS (diluted)	0.62	0.33	0.52	0.54	0.59	1.03	1.15	1.16	0.98	0.19	0.22
Book value per share	-0.48	-0.5	2.21	2.34	2.39	3	3.62	4.24	5.02	11.9	11.3
FCF per share	0.63	0.22	-0.03	0.58	1.52	1.12	0.04	1.06	0.83	0.37	0.6
Cash per share	0.18	0.73	0.22	0.38	0.47	0.28	0.25	0.83	1.31	0.5	0.5
Capex per share	0.23	0.46	0.72	0.42	0.25	0.58	1.3	1.02	0.98	0.01	0.01

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	5.3%	9.85%	12.7%	7.13%	3.75%	7.13%	15.3%	11.3%	10.9%	0.13%	0.07%
Capex / operating cash flow	36.2%	100.1%	113.2%	42.8%	14.9%	35.6%	94.7%	51.7%	53.8%	1.03%	0.55%
Payout ratio	63.9%	121.5%	75.2%	65.7%	0%	105.4%	25.3%	0%	0%	—	0%
Dividend yield	2.53%	2.25%	3.03%	2.99%	0%	3.61%	1.34%	0%	0%	—	2.36%

Yield

2.36%

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.30

ex-dividend May 26, 2022

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
May 26, 2022	$0.30
Nov 18, 2021	$0.40
Feb 18, 2021	$0.70
Nov 15, 2019	$0.10
Jun 5, 2019	$0.26
Dec 11, 2018	$0.10
Jun 6, 2018	$0.30
Dec 12, 2017	$0.10

Split history

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$998.8M	$978.3M	$1B	$991.9M	$960.8M	$953.3M	$971.5M	$899.9M	$1.3B	$1.2B	$1.4B	$1.5B
YoY change	+0.12%	+13.7%	+9.49%	+3.94%	-3.8%	-2.56%	-3.32%	-9.28%	+34.5%	+30.1%	+44.5%	+63.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	78.9M	320M	96.4M	166M	208.5M	125M	113M	365M	562.7M	269.2M
Receivables	193.6M	195.6M	242.6M	264M	290.6M	333M	298.6M	312.7M	328.9M	441M
Inventory	202.9M	255.7M	317.4M	305.1M	218.3M	279.7M	344.2M	337.8M	347.1M	635.7M
Total current assets	632.1M	842.6M	754.1M	908.4M	943.6M	1.1B	1.1B	1.4B	1.7B	1.8B
Property, plant & equipment	534.5M	645.3M	955.6M	951.4M	908.6M	986.5M	1.3B	1.5B	1.5B	2.3B
Goodwill & intangibles	—	34.4M	751M	727.2M	766.4M	724.6M	700.2M	683.6M	678.6M	16.2B
Total assets	2B	2.4B	4B	4B	4.1B	4.2B	4.5B	4.9B	5.2B	13.7B
Accounts payable	108.4M	111.8M	142.4M	151.3M	174M	273.6M	198.2M	252M	232.5M	351.4M
Short-term debt	52.4M	—	—	14.8M	8.8M	13.6M	18.1M	26.5M	31M	82.3M
Total current liabilities	428.8M	394.6M	483M	510M	901.1M	769.9M	697.3M	797.7M	810.2M	1.2B
Long-term debt	564.5M	884.4M	1.4B	1.4B	913.8M	941.9M	1.1B	1.2B	1.2B	4.7B
Total liabilities	2.2B	2.6B	3.1B	3B	3B	2.9B	2.9B	3.1B	3.1B	7.3B
Shareholders' equity	-212.2M	-221.5M	974.4M	1B	1.1B	1.3B	1.6B	1.9B	2.2B	6.4B
Total debt	616.9M	884.4M	1.4B	1.4B	922.6M	955.5M	1.1B	1.2B	1.2B	4.8B
Net debt	538M	602.8M	1.3B	1.3B	714.1M	830.5M	1B	836M	642.3M	4.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	154.3M	433.8M	365M	360.1M	368.1M	539.1M	562.7M	391.6M	566.7M	344.2M	269.2M	289.9M
Receivables	357.9M	311.6M	312.7M	366M	346.8M	270.6M	328.9M	323.2M	359.7M	311M	441M	499.6M
Inventory	296.7M	321.4M	337.8M	369M	372.7M	350.3M	347.1M	382.9M	638M	665.8M	635.7M	612.1M
Total current assets	1.2B	1.4B	1.4B	1.4B	1.5B	1.5B	1.7B	3.2B	2B	1.7B	1.8B	1.8B
Property, plant & equipment	1.9B	2B	1.5B	2.1B	2.2B	2.2B	1.5B	2.3B	2.3B	2.4B	2.3B	2.2B
Goodwill & intangibles	675.6M	703.8M	683.6M	675.8M	703M	654.2M	678.6M	730.8M	16.7B	16.7B	16.2B	16.1B
Total assets	4.5B	4.8B	4.9B	4.9B	5B	4.9B	5.2B	6.8B	14.1B	13.8B	13.7B	13.5B
Accounts payable	414.7M	440M	252M	445.3M	412M	391.1M	232.5M	502.5M	669.8M	667.2M	351.4M	699.6M
Short-term debt	20.7M	28M	26.5M	27.8M	28.7M	28.2M	31M	21.8M	77M	80.8M	82.3M	83.7M
Total current liabilities	679.2M	749.1M	797.7M	745.3M	719.1M	684.5M	810.2M	843.6M	1.1B	1.1B	1.2B	1.1B
Long-term debt	1B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	2.6B	5.2B	4.8B	4.7B	4.4B
Total liabilities	2.7B	2.9B	3.1B	3B	3B	2.8B	3.1B	4.5B	7.7B	7.4B	7.3B	7B
Shareholders' equity	1.8B	1.9B	1.9B	1.9B	2B	2.1B	2.2B	2.3B	6.3B	6.4B	6.4B	6.5B
Total debt	1B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	2.6B	5.2B	4.9B	4.8B	4.5B
Net debt	884.9M	785.6M	836M	840.3M	853.4M	649M	642.3M	2.2B	4.7B	4.5B	4.5B	4.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	276.5M	146.1M	228.8M	241.5M	262.8M	459.1M	512M	510.2M	424M	104M
Depreciation & amortization	83.2M	92M	119.4M	131.5M	135M	161.8M	172.6M	185M	216.2M	493.5M
Stock-based compensation	9.3M	11.1M	12.5M	10.3M	18M	9M	15.7M	28.2M	23M	38M
Change in working capital	3.7M	-34.9M	-38.4M	-78.3M	156.8M	-9.4M	-114.7M	8.7M	-56.4M	-77.4M
Operating cash flow	281.5M	202.1M	280.4M	434.3M	733.2M	724.1M	609.2M	861.5M	784.3M	589.8M
Capital expenditure	-101.9M	-202.3M	-317.5M	-185.8M	-109.1M	-257.8M	-577.2M	-445.1M	-421.8M	-6.1M
Investing cash flow	-107M	-279.1M	-841.8M	-202.8M	-135.9M	-320.2M	-545.9M	-451M	-425.7M	-3.9B
Dividends paid	-176.8M	-177.5M	-172.1M	-158.6M	0	-484M	-129.6M	0	0	—
Share repurchases	-99.8M	0	0	—	0	0	-78.4M	-271.4M	-149.9M	-13.7M
Financing cash flow	-210M	60.6M	-94.6M	-179M	-540.2M	-799.6M	-285.4M	-535.1M	-165.9M	3.3B
Net change in cash	-35.5M	-16.4M	-656M	52.5M	57.1M	-395.7M	-222.1M	-124.6M	192.7M	6.2M
Free cash flow	280.6M	98.3M	-13.5M	257.4M	676.2M	499.4M	16.3M	464.9M	359.6M	199.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	151.7M	145.1M	55.6M	155.3M	83.4M	141.7M	43.6M	62.6M	-55.8M	68.7M	28.5M	104.3M
Depreciation & amortization	45.5M	46.3M	48.3M	49.8M	51.9M	55.1M	59.4M	56.5M	126.4M	147.6M	163M	168.8M
Stock-based compensation	6.2M	8.2M	7.7M	4.3M	8M	5.4M	5.3M	6.9M	13M	9.3M	8.8M	12M
Change in working capital	25.6M	33M	-96.3M	-19.2M	-15.9M	59.6M	-83.9M	77.2M	-54.3M	-21.6M	-78.7M	57.7M
Operating cash flow	254.5M	220.6M	120M	221.9M	181.3M	267.2M	110.9M	206.9M	47.4M	201.1M	134.4M	344M
Capital expenditure	-102.9M	-95.6M	-121M	-129.8M	-95.4M	-107.8M	-88.8M	-2.1M	-3M	-1M	0	0
Investing cash flow	-95.6M	-95.4M	-114.3M	-133.6M	-95M	-107.8M	-89.3M	-2.1M	-3M	-1M	0	-13.8M
Dividends paid	—	0	0	—	—	—	—	—	—	—	—	—
Share repurchases	-72.3M	-75M	-75.1M	-75M	-74.9M	0	0	0	0	0	-13.7M	—
Financing cash flow	-82.4M	80M	-172.2M	-77.4M	-79.1M	-7.2M	-2.2M	1.4B	2.4B	-412.4M	-87M	-262.4M
Net change in cash	76.5M	205.2M	-166.5M	10.9M	7.2M	152.2M	19.4M	1.6B	2.5B	-212.3M	47.4M	67.8M
Free cash flow	99.8M	194.8M	43.6M	55.3M	83.8M	185.3M	51.9M	101.6M	-48.3M	93.2M	53.3M	254.2M

James Hardie Industries plc Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement