EXP
EAGLE MATERIALS INC
Next earnings Jul 27, 2026 · consensus $3.43 EPS, $628M rev
Last earnings +1.7% on 2026-05-19
$233.67
▼ -0.75%$233.67▲ +19.32%
over 1Y
L $172.87EODHDH $241.13
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-0.8%
1W+4.6%
1M+9.0%
3M+28.4%
YTD+10.9%
1Y+19.4%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 18 analysts
Hold
Low-cost cement/wallboard franchise with 29% ROE and steady buybacks; a modest earnings dip and added debt make 17x a fair entry.
The read
The fundamentals carry the rating, but the price is rich (~45% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
Eagle Materials is a high-return, low-cost producer of cement, aggregates and gypsum wallboard serving US construction. The business throws off excellent returns — 28.7% ROE, 31.1% operating margin and 18.4% net margin — on a regional, hard-to-replicate asset base. Revenue grew 2.1% to $2.31B in FY2026, extending a steady climb from $1.86B in FY2022, and operating cash flow rose 12.0% to $614M. At 17.1x EPS of $13.16, the valuation is reasonable for a franchise of this quality.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $1.86B | $2.15B | $2.26B | $2.26B | $2.31B |
| Gross profit | $520M | $639M | $685M | $673M | $653M |
| Operating income | $552M | $675M | $717M | — | — |
| Net income | $374M | $462M | $478M | $463M | $424M |
| Diluted EPS | $9.14 | $12.46 | $13.61 | $13.77 | $13.16 |
| Net margin | 20.1% | 21.5% | 21.1% | 20.5% | 18.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$8.69B
EV / EBITDA9.9
EV / Sales3.8
EV / FCF44.0
P / FCF36.6
PEG (trailing)—
Earnings yield5.9%
FCF yield2.7%
Quality & risk
ROIC (est.)17.5%
Free cash flow$197M
Total debt$1.76B
Net cash-$1.46B
Altman Z-Score3.80 safe
Piotroski F-Score5/9
Capital returns
Buyback yield5.3%
Dividend yield (est.)0.4%
Shareholder yield5.7%
Shares Δ YoY-5.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗11-KPeriod ending 2025-12-312026-06-23open ↗ARSPeriod ending 2026-03-312026-06-15open ↗DEFA14AFiling2026-06-15open ↗DEF 14APeriod ending 2026-06-152026-06-15open ↗3Period ending 2026-06-012026-06-05open ↗PRE 14APeriod ending 2026-06-052026-06-05open ↗8-KPeriod ending 2026-05-212026-05-28open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗
Frequently asked
- Is EAGLE MATERIALS INC (EXP) a buy?
- EXP currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Low-cost cement/wallboard franchise with 29% ROE and steady buybacks; a modest earnings dip and added debt make 17x a fair entry.
- What is EXP's fair value?
- A Modified-Graham model based on EXP's SEC fundamentals estimates a fair value of about $129.20. It is an estimate from reported earnings, not a price target.
- Is EXP overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, EXP currently appears overvalued relative to its SEC-grounded earnings power.
- What is EAGLE MATERIALS INC's quality score?
- EXP scores 72.84313725490196/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000918646, latest 10-K filed 2026-05-19) · EODHD · analysis by claude-code · as of 6/21/2026, 8:53:22 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.