Eagle Materials Inc key statistics and ratios

In fiscal 2026, Eagle Materials Inc had return on equity of 28.9%, a net margin of 18.4%, debt equal to 120.8% of equity and a current ratio of 3.66. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Eagle Materials Inc: financial ratios, annual
Fiscal year	2009Mar 2009	2010Mar 2010	2011Mar 2011	2012Mar 2012	2017Mar 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026	LTMJun 2026
Gross margin	12.0%	11.1%	7.7%	8.2%	25.8%	24.4%	26.6%	24.4%	25.2%	27.9%	29.8%	30.3%	29.8%	28.3%	27.0%
Operating margin	18.0%	16.9%	13.1%	14.0%	29.3%	27.6%	29.5%	27.4%	27.5%	29.7%	31.4%	31.7%	—	—	—
Net margin	7.0%	6.2%	3.2%	3.8%	16.4%	18.5%	5.3%	5.0%	20.9%	20.1%	21.5%	21.1%	20.5%	18.4%	17.3%
Free-cash-flow margin	10.6%	10.9%	5.8%	7.0%	22.7%	14.8%	13.8%	19.0%	36.3%	23.8%	20.1%	19.6%	15.6%	8.6%	7.3%
Return on equity	9.6%	6.5%	3.2%	4.0%	23.7%	19.6%	5.2%	6.5%	29.2%	30.0%	39.8%	38.3%	33.5%	28.9%	27.2%
Return on assets	—	2.9%	1.5%	1.9%	12.3%	11.1%	3.0%	2.8%	11.7%	13.8%	17.2%	16.7%	14.9%	11.9%	10.4%
Asset turnover	—	0.46	0.46	0.50	0.75	0.60	0.58	0.55	0.56	0.69	0.80	0.79	0.73	0.65	0.60
Current ratio	—	2.24	2.51	2.49	1.75	2.56	2.38	4.00	3.91	2.13	2.45	2.62	2.73	3.66	3.23
Debt to equity	0.0%	66.8%	62.2%	56.5%	57.6%	44.2%	57.6%	162.7%	74.7%	97.6%	92.7%	84.3%	85.6%	120.8%	119.5%
Interest cover (operating income ÷ interest)	3.7x	3.7x	3.7x	4.2x	15.7x	13.8x	13.6x	10.0x	10.0x	17.9x	19.2x	17.0x	—	—	—
Effective tax rate	—	—	—	—	—	—	—	—	—	—	—	22.7%	21.7%	21.8%	—
SG&A as % of revenue	—	9.6%	9.4%	9.6%	7.5%	7.5%	7.0%	8.7%	6.5%	5.6%	5.5%	6.0%	6.6%	7.2%	—
Capital spending as % of revenue	2.7%	2.9%	3.7%	5.3%	4.7%	9.5%	12.9%	9.4%	3.3%	4.0%	5.1%	5.3%	8.6%	18.1%	19.8%
Free cash flow ÷ net income	151.6%	175.4%	180.9%	185.5%	138.6%	80.2%	263.4%	376.9%	173.6%	118.4%	93.5%	92.9%	76.2%	46.6%	42.4%
Dividends ÷ net income	72.9%	60.3%	118.8%	95.4%	9.8%	7.6%	27.5%	24.2%	1.2%	8.2%	8.1%	7.4%	7.3%	7.6%	8.0%
Dividends and buybacks ÷ free cash flow	48.1%	34.4%	65.7%	51.4%	28.9%	39.1%	160.4%	123.9%	0.7%	140.1%	98.5%	85.3%	94.0%	209.8%	245.8%

US$ thousands unless shown otherwise. Fiscal quarters.

Eagle Materials Inc: financial ratios, quarterly
Quarter	2025 Q2Sept 2024	2025 Q3Dec 2024	2025 Q4Mar 2025	2026 Q1Jun 2025	2026 Q2Sept 2025	2026 Q3Dec 2025	2026 Q4Mar 2026	2027 Q1Jun 2026
Gross margin	32.7%	31.9%	22.2%	29.2%	31.3%	28.9%	22.2%	24.8%
Operating margin	34.2%	32.8%	—	—	—	—	—	—
Net margin	23.0%	21.4%	14.1%	19.4%	21.5%	18.5%	12.6%	15.7%
Free-cash-flow margin	26.7%	13.0%	3.1%	9.5%	15.0%	10.9%	−4.2%	5.2%
Current ratio	2.34	2.76	2.73	2.73	2.72	4.27	3.66	3.23
Debt to equity	75.0%	67.0%	85.0%	87.8%	83.7%	118.0%	119.3%	118.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 6 checks passed · June 30, 2026

What it owns · $3.9bn

Short-term assets $929mLonger-term assets $3.0bn

What it owes, and who funded it · $3.9bn

Short-term liabilities $288mLonger-term liabilities $2.1bnShareholders' equity $1.5bn

Short-term assets cover short-term liabilities $929m of assets due within a year against $288m of liabilities due within a year.
Short-term assets cover long-term liabilities $929m short-term assets against $2.1bn of longer-dated liabilities.
More cash than debt $234m of cash against $1.8bn of debt.
Debt below 40% of shareholders' equity Debt is 118% of equity.
Debt burden no higher than five years ago Debt to equity moved from 69% to 118% over five years.
A year's operating cash flow covers at least 20% of debt $632m of operating cash flow against $1.8bn of debt.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Eagle Materials Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

82 /100

Strong moat

How hard Eagle Materials's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 19 / 20

Net income has been a median 11.4% of total assets over 10 years.
Pricing power 9 / 20

Gross margin has been a median 26.4%, moving by 3.4 percentage points (standard deviation) across 10 years.
Durability 16 / 20

Operating margin has been a median 28.2%; its worst year was 14.0%.
Cash conversion 18 / 20

Free cash flow was positive in 10 of 10 years, at a median 16.6% of revenue.
Discipline 20 / 20

The diluted share count fell 24.5% over five years; stock-based pay has been a median 0.9% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Eagle Materials Inc's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Eagle Materials Inc.