Eagle Materials Inc. (EXP) Key Metrics
EXP valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $5.22B
- Enterprise value
- $7.03B
- P/E (TTM)
- 13.4 10-yr median 18.0
- Forward P/E
- 13.7
- PEG ratio
- 2.09
- Price / sales
- 2.2 10-yr median 3.1
- Price / book
- 3.7 10-yr median 4.1
- EV / EBITDA
- 9.5 10-yr median 10.9
- Dividend yield
- 0.59% $1.00 a year
- Beta
- 1.33
EXP key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsEXP valuation Price multiples at each fiscal year-end price.
EXP returns How much profit the business earns on the capital it uses.
EXP per-share figures Results divided by the shares outstanding at year-end.
EXP financial health Debt, liquidity and how easily interest is covered.
EXP efficiency & capital use Working capital cycle and where the cash goes.
EXP valuation history
EXP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
EXP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
EXP cash returned to shareholders
EXP price vs earnings per share
EXP key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $5.96B | $7.47B | $9.54B | $5.44B | $5.25B | $5.62B | $2.47B | $3.96B | $5.01B | $4.70B |
| Enterprise value | $7.46B | $8.72B | $10.62B | $6.54B | $6.21B | $6.41B | $3.97B | $4.64B | $5.62B | $5.38B |
| P/E ratio | 14.1 | 16.1 | 20.0 | 11.8 | 14.0 | 16.6 | 34.8 | 57.5 | 19.5 | 23.7 |
| Price / sales | 2.6 | 3.3 | 4.2 | 2.5 | 2.8 | 3.5 | 1.7 | 2.8 | 3.6 | 3.9 |
| Price / book | 4.0 | 5.1 | 7.3 | 4.6 | 4.6 | 4.1 | 2.6 | 3.3 | 3.5 | 3.9 |
| Price / free cash flow | 30.2 | 21.1 | 21.5 | 12.6 | 11.9 | 9.5 | 9.2 | 21.8 | 24.4 | 17.1 |
| Price / operating cash flow | 9.7 | 13.6 | 16.9 | 10.0 | 10.2 | 8.7 | 6.2 | 11.3 | 14.8 | 14.2 |
| EV / sales | 3.2 | 3.9 | 4.7 | 3.0 | 3.3 | 3.9 | 2.7 | 3.3 | 4.1 | 4.4 |
| EV / EBITDA | 9.8 | 11.0 | 13.1 | 8.6 | 9.8 | 10.7 | 9.7 | 20.1 | 13.6 | 13.1 |
| EV / free cash flow | 37.8 | 24.7 | 23.9 | 15.2 | 14.0 | 10.9 | 14.8 | 25.6 | 27.3 | 19.6 |
| Earnings yield | 7.1% | 6.2% | 5.0% | 8.5% | 7.1% | 6.0% | 2.9% | 1.7% | 5.1% | 4.2% |
| Free cash flow yield | 3.3% | 4.7% | 4.7% | 7.9% | 8.4% | 10.5% | 10.8% | 4.6% | 4.1% | 5.8% |
| Dividend yield | 0.5% | 0.5% | 0.4% | 0.7% | 0.6% | 0.1% | 0.7% | 0.5% | 0.4% | 0.4% |
| Shareholder yield (dividends + buybacks) | 7.1% | 4.5% | 4.1% | 7.9% | 11.9% | 0.1% | 13.6% | 7.5% | 1.7% | 1.8% |
| Share price at fiscal year-end | $189.45 | $221.93 | $271.75 | $146.75 | $128.36 | $134.41 | $58.42 | $84.30 | $103.05 | $97.14 |
| Per share | ||||||||||
| Revenue per share | $73.34 | $67.19 | $64.37 | $57.97 | $45.48 | $38.79 | $34.31 | $29.69 | $28.50 | $25.05 |
| Earnings per share | $13.46 | $13.77 | $13.61 | $12.46 | $9.14 | $8.12 | $1.68 | $1.47 | $5.28 | $4.10 |
| Operating cash flow per share | $19.51 | $16.30 | $16.07 | $14.62 | $12.64 | $15.37 | $9.44 | $7.46 | $6.94 | $6.86 |
| Free cash flow per share | $6.27 | $10.50 | $12.64 | $11.65 | $10.82 | $14.09 | $6.32 | $3.87 | $4.23 | $5.68 |
| Cash per share | $9.46 | $0.61 | $1.00 | $0.41 | $0.47 | $6.30 | $2.81 | $0.18 | $0.19 | $0.14 |
| Book value per share | $46.85 | $43.29 | $37.28 | $32.00 | $27.70 | $32.49 | $22.89 | $25.77 | $29.14 | $24.88 |
| Tangible book value per share | $28.25 | $25.59 | $23.43 | $19.42 | $18.22 | $23.11 | $13.51 | $20.89 | $24.22 | $20.01 |
| Dividends per share | $1.03 | $1.00 | $1.01 | $1.01 | $0.75 | $0.10 | $0.41 | $0.40 | $0.40 | $0.40 |
| Capex per share | $13.24 | $5.80 | $3.43 | $2.97 | $1.81 | $1.29 | $3.12 | $3.60 | $2.71 | $1.18 |
| Debt per share | $57.08 | $37.92 | $31.92 | $30.23 | $23.81 | $25.09 | $38.17 | $14.74 | $12.76 | $14.19 |
| Shares outstanding | 31.5M | 33.6M | 35.1M | 37.1M | 40.9M | 41.8M | 42.3M | 46.9M | 48.6M | 48.4M |
| Change in shares outstanding | −6.4% | −4.1% | −5.3% | −9.5% | −2.1% | −1.1% | −9.9% | −3.5% | +0.6% | −3.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 28.9% | 33.5% | 38.3% | 39.8% | 30.0% | 29.2% | 6.5% | 5.2% | 19.6% | 17.7% |
| Return on invested capital (ROIC) | 15.4% | 18.4% | 20.6% | 21.0% | 17.6% | 12.3% | 12.7% | 12.7% | 14.4% | 10.3% |
| Return on assets (ROA) | 11.9% | 14.9% | 16.7% | 17.2% | 13.8% | 11.7% | 2.8% | 3.0% | 11.1% | 9.6% |
| Return on tangible assets | 13.0% | 17.4% | 19.4% | 19.9% | 17.1% | 13.9% | 2.8% | 3.5% | 12.1% | 9.9% |
| Free cash flow margin | 8.6% | 15.6% | 19.6% | 20.1% | 23.8% | 36.3% | 18.4% | 13.0% | 14.8% | 22.7% |
| Income quality (OCF / net income) | 1.45 | 1.18 | 1.18 | 1.17 | 1.38 | 1.89 | 5.63 | 5.09 | 1.32 | 1.67 |
| Financial health | ||||||||||
| Total debt | $1.80B | $1.28B | $1.12B | $1.12B | $974.6M | $1.05B | $1.61B | $691.6M | $620.9M | $686.5M |
| Cash & short-term investments | $297.9M | $20.4M | $34.9M | $15.2M | $19.4M | $263.5M | $118.6M | $8.6M | $9.3M | $6.6M |
| Net debt | $1.50B | $1.26B | $1.09B | $1.10B | $955.2M | $785.9M | $1.50B | $683.0M | $611.6M | $679.9M |
| Debt / equity | 1.22 | 0.88 | 0.86 | 0.94 | 0.86 | 0.77 | 1.67 | 0.57 | 0.44 | 0.57 |
| Debt / assets | 0.47 | 0.39 | 0.38 | 0.40 | 0.38 | 0.37 | 0.55 | 0.32 | 0.26 | 0.31 |
| Net debt / EBITDA | 1.96 | 1.58 | 1.34 | 1.45 | 1.50 | 1.31 | 3.67 | 2.96 | 1.48 | 1.66 |
| Current ratio | 3.66 | 2.73 | 2.62 | 2.45 | 2.13 | 3.91 | 4.00 | 2.38 | 2.56 | 1.75 |
| Quick ratio | 2.09 | 1.03 | 1.06 | 1.08 | 0.99 | 2.52 | 2.39 | 0.85 | 1.12 | 0.64 |
| Interest coverage | 9.5 | 14.2 | 14.4 | 16.5 | 15.3 | 8.1 | 7.2 | 10.2 | 10.8 | 11.6 |
| Working capital | $690.7M | $423.7M | $388.3M | $308.6M | $235.2M | $492.3M | $508.5M | $248.3M | $279.4M | $171.1M |
| Invested capital | $2.97B | $2.71B | $2.39B | $2.29B | $2.09B | $2.14B | $2.46B | $1.89B | $2.03B | $1.88B |
| Tangible asset value | $889.4M | $860.9M | $822.4M | $719.7M | $745.7M | $966.7M | $571.4M | $980.4M | $1.18B | $967.9M |
| Net current asset value | −$1.42B | −$1.14B | −$1.01B | −$1.07B | −$1.00B | −$818.0M | −$1.31B | −$532.1M | −$491.6M | −$643.0M |
| Graham number | $119.14 | $115.83 | $106.84 | $94.70 | $75.48 | $77.02 | $29.38 | $29.17 | $58.82 | $47.90 |
| Graham net-net per share | −$53.63 | −$42.00 | −$35.81 | −$34.43 | −$28.60 | −$23.57 | −$36.24 | −$15.19 | −$14.42 | −$16.72 |
| Capital allocation | ||||||||||
| Dividends paid | $32.4M | $33.7M | $35.3M | $37.5M | $30.8M | $4.2M | $17.1M | $18.9M | $19.4M | $19.3M |
| Share buybacks (net) | $390.4M | $304.2M | $353.7M | $393.8M | $595.0M | $4.2M | $317.9M | $276.3M | $66.1M | $64.5M |
| Dividend payout ratio | 7.6% | 7.3% | 7.4% | 8.1% | 8.2% | 1.2% | 24.2% | 27.5% | 7.6% | 9.8% |
| Dividends + buybacks / free cash flow | 214.1% | 95.7% | 87.7% | 99.9% | 141.3% | 1.4% | 125.4% | 162.8% | 41.6% | 30.5% |
| Capex / revenue | 18.1% | 8.6% | 5.3% | 5.1% | 4.0% | 3.3% | 9.1% | 12.1% | 9.5% | 4.7% |
| Capex / operating cash flow | 67.9% | 35.6% | 21.3% | 20.3% | 14.3% | 8.4% | 33.1% | 48.2% | 39.1% | 17.2% |
| Capex / depreciation | 2.53 | 1.23 | 0.80 | 0.79 | 0.58 | 0.42 | 1.16 | 1.38 | 1.16 | 0.62 |
| Stock-based compensation / revenue | 0.9% | 0.8% | 0.9% | 0.8% | 0.8% | 0.9% | 1.4% | 1.1% | 1.0% | 1.0% |
| SG&A / revenue | 3.9% | 3.3% | 2.6% | 2.5% | 2.5% | 3.1% | 4.5% | 2.7% | 3.0% | 2.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 36.2 | 35.1 | 34.3 | 33.5 | 32.7 | 47.7 | 51.4 | 36.9 | 37.3 | 39.5 |
| Days of inventory on hand | 90.8 | 90.7 | 77.2 | 63.9 | 64.2 | 76.4 | 89.3 | 91.3 | 89.0 | 100.8 |
| Days payables outstanding | 29.6 | 29.6 | 27.5 | 27.1 | 26.9 | 25.3 | 26.9 | 26.4 | 28.9 | 32.2 |
| Cash conversion cycle (days) | 97.4 | 96.3 | 83.9 | 70.4 | 70.0 | 98.8 | 113.8 | 101.7 | 97.5 | 108.0 |
| Receivables turnover | 10.07 | 10.39 | 10.65 | 10.88 | 11.17 | 7.65 | 7.10 | 9.89 | 9.77 | 9.24 |
| Payables turnover | 12.32 | 12.35 | 13.25 | 13.47 | 13.56 | 14.43 | 13.56 | 13.82 | 12.65 | 11.32 |
| Inventory turnover | 4.02 | 4.02 | 4.73 | 5.71 | 5.68 | 4.78 | 4.09 | 4.00 | 4.10 | 3.62 |
| Asset turnover | 0.65 | 0.73 | 0.79 | 0.80 | 0.69 | 0.56 | 0.57 | 0.61 | 0.60 | 0.59 |
| Average receivables | $229.2M | $217.6M | $212.1M | $197.4M | $166.7M | $212.1M | $204.2M | $140.8M | $141.9M | $131.1M |
| Average payables | $134.4M | $128.5M | $118.8M | $112.0M | $98.9M | $84.2M | $82.5M | $77.2M | $82.8M | $79.4M |
| Average inventory | $411.8M | $394.5M | $332.9M | $264.3M | $236.2M | $254.1M | $273.9M | $266.7M | $255.5M | $248.2M |
| Intangibles / total assets | 15.2% | 18.2% | 16.5% | 16.8% | 15.0% | 13.8% | 13.4% | 10.6% | 10.1% | 10.5% |
Computed from EXP's annual financial statements (latest annual report filed May 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
EXP valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), Eagle Materials traded at 14.1 times earnings, against a 10-year median of 18.0. Based on the latest twelve months, the trailing P/E is 13.4 and the forward P/E is 13.7. Eagle Materials earned a return on equity of 28.9% and a return on invested capital of 15.4% in fiscal 2026. It ended the year with $1.8 billion of debt and $297.9 million in cash and short-term investments, net debt of $1.5 billion. It returned $422.8 million to shareholders: $32.4 million in dividends and $390.4 million in share buybacks, 214% of free cash flow. The share count fell 34.9% from 48.4M to 31.5M over 9 years.
See the EXP income statement, the EXP chart for price history, or the EXP stock overview for the latest quote and news.
EXP key metrics FAQ
What is Eagle Materials's P/E ratio?
Eagle Materials's trailing P/E ratio is 13.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.7. At the end of fiscal 2026 it was 14.1, compared with a 10-year median of 18.0.
What is Eagle Materials's EV/EBITDA?
Eagle Materials's enterprise value was 9.8 times EBITDA at the end of fiscal 2026 (enterprise value $7.5 billion, EBITDA $764.2 million); the current EV/EBITDA is 9.5.
What is Eagle Materials's return on equity?
Eagle Materials's return on equity (ROE) was 28.9% in fiscal 2026: net income of $423.8 million on average shareholders' equity of $1.5 billion.
What is Eagle Materials's ROIC?
Eagle Materials's return on invested capital was 15.4% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Eagle Materials have?
Eagle Materials had total debt of $1.8 billion at the end of fiscal 2026, a debt-to-equity ratio of 1.22 and $1.5 billion of net debt (1.96 times EBITDA).
What is Eagle Materials's dividend yield?
Eagle Materials's forward dividend yield is 0.59%. Eagle Materials paid $32.4 million in dividends in fiscal 2026 ($1.03 per share), a payout ratio of 7.6%.
Does Eagle Materials buy back its shares?
Yes. Eagle Materials spent $390.4 million on net share repurchases in fiscal 2026 Shares outstanding changed −6.4% over the year, to 31.5M..
What is Eagle Materials's free cash flow yield?
Eagle Materials generated $197.4 million of free cash flow in fiscal 2026, a free cash flow yield of 3.3% on its market value at year-end ($6.0 billion).
What is Eagle Materials's current ratio?
Eagle Materials's current ratio was 3.66 at the end of fiscal 2026: current assets were 3.66 times current liabilities.