Eagle Materials Inc. (EXP) Balance Sheet
EXP balance sheet, FY2026
March 31, 2026 · U.S. dollars$3.84B assets = $2.37B liabilities + $1.47B equity
Both columns are drawn to the same scale: what EXP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EXP financial health
Descriptive bands, not a rating. Fiscal FY2026.
EXP balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.25BFY2017 | $3.84BFY2026 | +6.1%/yr | |
| Total liabilities | $1.04BFY2017 | $2.37BFY2026 | +9.5%/yr | |
| Shareholders’ equity | $1.20BFY2017 | $1.47BFY2026 | +2.3%/yr | |
| Cash & short-term investments | $6.6MFY2017 | $297.9MFY2026 | +52.8%/yr | |
| Total debt | $686.5MFY2017 | $1.80BFY2026 | +11.3%/yr | |
| Net cash (debt) | −$679.9MFY2017 | −$1.50BFY2026 | −$819.0M | |
| Working capital | $171.1MFY2017 | $690.7MFY2026 | +$519.6M | |
| Book value per share | $24.88FY2017 | $46.85FY2026 | +7.3%/yr | |
| Current ratio | 1.75FY2017 | 3.66FY2026 | +1.91 | |
| Debt / equity | 0.57FY2017 | 1.22FY2026 | +0.65 | |
| Shares outstanding | 48.4MFY2017 | 31.5MFY2026 | −4.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EXP assets
EXP liabilities and equity
EXP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EXP balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $297.9M | $20.4M | $34.9M | $15.2M | $19.4M | $263.5M | $118.6M | $8.6M | $9.3M | $6.6M |
| Cash & equivalents | $297.9M | $20.4M | $34.9M | $15.2M | $19.4M | $263.5M | $118.6M | $8.6M | $9.3M | $6.6M |
| Short-term investments | — | — | — | — | — | $18.0M | — | — | $38.8M | $0 |
| Receivables | $236.1M | $222.4M | $212.9M | $211.3M | $183.5M | $150.0M | $274.2M | $134.2M | $147.4M | $136.3M |
| Inventory | $408.4M | $415.2M | $373.9M | $291.9M | $236.7M | $235.7M | $272.5M | $275.2M | $258.2M | $252.8M |
| Other current assets | $8.5M | $10.7M | $6.0M | $3.1M | $3.2M | $12.4M | $12.8M | $9.6M | $43.8M | $4.9M |
| Total current assets | $950.9M | $668.7M | $627.7M | $521.5M | $442.7M | $661.7M | $678.2M | $427.6M | $458.7M | $400.6M |
| Property, plant & equipment (net) | $2.09B | $1.82B | $1.70B | $1.68B | $1.64B | $1.68B | $1.79B | $1.43B | $1.60B | $1.55B |
| Goodwill & intangible assets | $585.4M | $595.8M | $486.1M | $466.0M | $387.9M | $392.3M | $396.5M | $229.1M | $239.3M | $235.5M |
| Long-term investments | $160.1M | $140.1M | $113.5M | $96.5M | $89.1M | $83.8M | $83.1M | $67.8M | $60.7M | $49.4M |
| Other non-current assets | $51.9M | $37.8M | $24.1M | $14.1M | $19.5M | $15.9M | $17.3M | $17.7M | $14.0M | $14.7M |
| Total assets | $3.84B | $3.26B | $2.95B | $2.78B | $2.58B | $2.84B | $2.96B | $2.17B | $2.37B | $2.25B |
| Liabilities | ||||||||||
| Accounts payable | $138.9M | $129.9M | $127.2M | $110.4M | $113.7M | $84.2M | $84.2M | $80.9M | $73.5M | $92.2M |
| Short-term debt | $19.1M | $19.0M | $17.9M | $16.0M | $7.1M | $6.3M | $6.6M | $36.5M | $620.9M | $81.2M |
| Deferred revenue | — | — | $10.1M | — | — | — | — | $7.2M | — | $6.4M |
| Total current liabilities | $260.2M | $245.0M | $239.4M | $212.9M | $207.6M | $169.4M | $169.7M | $179.3M | $179.3M | $229.5M |
| Long-term debt | $1.75B | $1.22B | $1.08B | $1.08B | $938.3M | $1.01B | $1.57B | $655.1M | $620.9M | $605.3M |
| Lease obligations | $36.7M | $37.6M | $26.9M | $6.0M | $36.3M | $6.3M | $60.0M | — | — | — |
| Other long-term liabilities | $362.2M | $339.6M | $315.8M | $303.4M | $300.3M | $301.7M | $256.2M | $125.3M | $150.1M | $208.9M |
| Total liabilities | $2.37B | $1.81B | $1.64B | $1.60B | $1.45B | $1.48B | $1.99B | $959.7M | $950.3M | $1.04B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $312,000 | $330,000 | $341,000 | $358,000 | $387,000 | $424,000 | $416,000 | $451,000 | $483,000 | $485,000 |
| Retained earnings (deficit) | $1.48B | $1.46B | $1.31B | $1.19B | $1.14B | $1.30B | $960.1M | $1.21B | $1.30B | $1.06B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$4.4M | −$3.1M | −$3.4M | −$3.5M | −$3.2M | −$3.4M | −$3.6M | −$3.3M | −$4.0M | −$7.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.47B | $1.46B | $1.31B | $1.19B | $1.13B | $1.36B | $967.8M | $1.21B | $1.42B | $1.20B |
| Key figures | ||||||||||
| Total debt | $1.80B | $1.28B | $1.12B | $1.12B | $974.6M | $1.05B | $1.61B | $691.6M | $620.9M | $686.5M |
| Net cash (debt) | −$1.50B | −$1.26B | −$1.09B | −$1.10B | −$955.2M | −$785.9M | −$1.50B | −$683.0M | −$611.6M | −$679.9M |
| Working capital | $690.7M | $423.7M | $388.3M | $308.6M | $235.2M | $492.3M | $508.5M | $248.3M | $279.4M | $171.1M |
| Tangible book value | $889.4M | $860.9M | $822.4M | $719.7M | $745.7M | $966.7M | $571.4M | $980.4M | $1.18B | $967.9M |
| Book value per share | $46.85 | $43.29 | $37.28 | $32.00 | $27.70 | $32.49 | $22.89 | $25.77 | $29.14 | $24.88 |
| Shares outstanding | 31.5M | 33.6M | 35.1M | 37.1M | 40.9M | 41.8M | 42.3M | 46.9M | 48.6M | 48.4M |
| Current ratio | 3.66 | 2.73 | 2.62 | 2.45 | 2.13 | 3.91 | 4.00 | 2.38 | 2.56 | 1.75 |
| Quick ratio | 2.05 | 0.99 | 1.04 | 1.06 | 0.98 | 2.44 | 2.32 | 0.80 | 0.87 | 0.62 |
| Debt / equity | 1.22 | 0.88 | 0.86 | 0.94 | 0.86 | 0.77 | 1.67 | 0.57 | 0.44 | 0.57 |
| Equity / assets | 38.4% | 44.6% | 44.4% | 42.6% | 43.9% | 47.9% | 32.7% | 55.8% | 59.9% | 53.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $233.5M | $297.9M | $419.0M | $35.0M | $59.7M | $20.4M | $31.2M | $93.9M | $46.5M | $34.9M | $48.9M | $47.3M |
| Cash & equivalents | $233.5M | $297.9M | $419.0M | $35.0M | $59.7M | $20.4M | $31.2M | $93.9M | $46.5M | $34.9M | $48.9M | $47.3M |
| Receivables | $300.1M | $236.1M | $216.6M | $252.5M | $264.8M | $222.4M | $184.1M | $248.8M | $281.0M | $212.9M | $195.9M | $253.0M |
| Inventory | $379.6M | $408.4M | $384.9M | $370.2M | $393.4M | $415.2M | $392.3M | $375.6M | $371.6M | $373.9M | $333.8M | $301.4M |
| Other current assets | $16.1M | $8.5M | $11.6M | $13.6M | $14.4M | $10.7M | $10.9M | $12.1M | $13.8M | $6.0M | $9.1M | $10.1M |
| Total current assets | $929.4M | $950.9M | $1.03B | $671.3M | $732.4M | $668.7M | $618.5M | $730.4M | $713.0M | $627.7M | $587.7M | $611.8M |
| Property, plant & equipment (net) | $2.18B | $2.09B | $2.01B | $1.94B | $1.87B | $1.82B | $1.77B | $1.74B | $1.69B | $1.70B | $1.69B | $1.70B |
| Goodwill & intangible assets | $582.9M | $585.4M | $1.18B | $590.6M | $593.2M | $595.8M | $487.4M | $886.1M | $876.9M | $486.1M | $880.7M | $882.8M |
| Long-term investments | $162.9M | $160.1M | $154.6M | $150.2M | $143.9M | $140.1M | $135.7M | $130.7M | $121.4M | $113.5M | $104.8M | $100.1M |
| Other non-current assets | $52.4M | $51.9M | $0 | $56.5M | $55.2M | $37.8M | $31.8M | $0 | $0 | $24.1M | $0 | $0 |
| Total assets | $3.91B | $3.84B | $3.84B | $3.41B | $3.40B | $3.26B | $3.04B | $3.12B | $3.04B | $2.95B | $2.89B | $2.92B |
| Liabilities | ||||||||||||
| Accounts payable | $156.9M | $138.9M | $124.2M | $132.9M | $136.2M | $129.9M | $118.7M | $131.4M | $148.2M | $127.2M | $117.3M | $113.7M |
| Short-term debt | $19.7M | $19.1M | $19.2M | $24.0M | $19.7M | $19.0M | $15.1M | $16.0M | $17.0M | $17.9M | $18.2M | $18.2M |
| Deferred revenue | — | — | — | — | — | — | — | $69.5M | $35.8M | $10.1M | $1.8M | $1.8M |
| Total current liabilities | $287.6M | $260.2M | $241.5M | $247.2M | $268.4M | $245.0M | $223.9M | $312.2M | $290.6M | $239.4M | $225.5M | $224.5M |
| Long-term debt | $1.74B | $1.75B | $1.75B | $1.27B | $1.29B | $1.22B | $991.7M | $1.06B | $1.09B | $1.08B | $1.02B | $1.08B |
| Lease obligations | $38.4M | $36.7M | $37.6M | $38.8M | $39.8M | $37.6M | $40.0M | $23.7M | $24.9M | $26.9M | $28.9M | $8.2M |
| Other long-term liabilities | $391.6M | $362.2M | $360.1M | $353.6M | $342.3M | $339.6M | $331.9M | $314.0M | $310.4M | $315.8M | $309.2M | $306.3M |
| Total liabilities | $2.42B | $2.37B | $2.35B | $1.87B | $1.91B | $1.81B | $1.55B | $1.69B | $1.69B | $1.64B | $1.56B | $1.61B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $308,000 | $312,000 | $316,000 | $322,000 | $326,000 | $330,000 | $334,000 | $335,000 | $338,000 | $341,000 | $345,000 | $350,000 |
| Retained earnings (deficit) | $1.49B | $1.48B | $1.50B | $1.54B | $1.49B | $1.46B | $1.50B | $1.43B | $1.35B | $1.31B | $1.34B | $1.31B |
| Accumulated other comprehensive income | −$4.3M | −$4.4M | −$3.0M | −$3.0M | −$3.1M | −$3.1M | −$3.2M | −$3.3M | −$3.3M | −$3.4M | −$3.4M | −$3.5M |
| Total shareholders' equity | $1.49B | $1.47B | $1.49B | $1.54B | $1.49B | $1.46B | $1.50B | $1.43B | $1.35B | $1.31B | $1.33B | $1.31B |
| Key figures | ||||||||||||
| Total debt | $1.80B | $1.80B | $1.80B | $1.33B | $1.35B | $1.28B | $1.04B | $1.10B | $1.13B | $1.12B | $1.06B | $1.12B |
| Net cash (debt) | −$1.56B | −$1.50B | −$1.38B | −$1.29B | −$1.29B | −$1.26B | −$1.01B | −$1.00B | −$1.08B | −$1.09B | −$1.01B | −$1.07B |
| Working capital | $641.8M | $690.7M | $790.6M | $424.1M | $464.0M | $423.7M | $394.6M | $418.2M | $422.4M | $388.3M | $362.2M | $387.3M |
| Tangible book value | $904.1M | $889.4M | $317.6M | $946.5M | $898.6M | $860.9M | $1.01B | $545.5M | $473.9M | $822.4M | $452.5M | $423.9M |
| Book value per share | $47.83 | $46.85 | $46.06 | $47.09 | $45.47 | $43.29 | $44.52 | $42.46 | $39.74 | $38.05 | $38.36 | $36.98 |
| Shares outstanding | 31.1M | 31.5M | 32.4M | 32.6M | 32.8M | 33.6M | 33.6M | 33.7M | 34.0M | 34.4M | 34.7M | 35.3M |
| Current ratio | 3.23 | 3.66 | 4.27 | 2.72 | 2.73 | 2.73 | 2.76 | 2.34 | 2.45 | 2.62 | 2.61 | 2.72 |
| Quick ratio | 1.86 | 2.05 | 2.63 | 1.16 | 1.21 | 0.99 | 0.96 | 1.10 | 1.13 | 1.04 | 1.09 | 1.34 |
| Debt / equity | 1.21 | 1.22 | 1.21 | 0.86 | 0.90 | 0.88 | 0.70 | 0.77 | 0.83 | 0.86 | 0.80 | 0.86 |
| Equity / assets | 38.0% | 38.4% | 38.9% | 45.1% | 43.9% | 44.6% | 49.2% | 45.9% | 44.4% | 44.4% | 46.1% | 44.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 19, 2026); data from EODHD.
EXP financial position
At the end of fiscal 2026 (March 31, 2026), Eagle Materials had total assets of $3.8 billion (up 17.7% from a year earlier), total liabilities of $2.4 billion and shareholders' equity of $1.5 billion. It held $297.9 million in cash and short-term investments against $1.8 billion of debt, net debt of $1.5 billion. Its current ratio was 3.66. In the latest quarter (ended June 30, 2026) total assets were $3.9 billion and equity $1.5 billion.
Related: EXP income statement, EXP cash flow statement, EXP key metrics. See the EXP stock overview for the latest quote and news.
EXP balance sheet FAQ
What are Eagle Materials's total assets?
Eagle Materials reported total assets of $3.8 billion at the end of fiscal 2026 (March 31, 2026), compared with $3.3 billion a year earlier.
How much debt does Eagle Materials have?
Eagle Materials had $1.8 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.22.
How much cash does Eagle Materials have?
Eagle Materials held $297.9 million in cash and short-term investments at the end of fiscal 2026; with $1.8 billion of debt that is net debt of $1.5 billion.
What is Eagle Materials's book value?
Eagle Materials's shareholders' equity (book value) was $1.5 billion at the end of fiscal 2026, or $46.85 per share.
What is Eagle Materials's current ratio?
Eagle Materials had current assets of $950.9 million and current liabilities of $260.2 million, a current ratio of 3.66 (it can cover its short-term obligations).
How much goodwill does Eagle Materials have?
Eagle Materials carried $585.4 million of goodwill and intangible assets, 15.2% of total assets, at the end of fiscal 2026.