NYSE : JHX
James Hardie Industries plc — Financial statements
Materials · Building Materials · Ireland
Last price 27.24 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 15.74B
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Financial statements
James Hardie Industries plc (JHX) reported revenue of 5.41B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 5.41B | 4.84B | 3.88B | 3.94B | 3.78B | 3.61B |
| Cost of Revenue | 3.42B | 3.06B | 2.37B | 2.35B | 2.47B | 2.30B |
| Gross Profit | 1.99B | 1.78B | 1.50B | 1.59B | 1.31B | 1.31B |
| Selling, General & Admin | 1.09B | 946.40M | 596.20M | 602.20M | 494.00M | 461.20M |
| Research & Development | 64.00M | 60.70M | 48.50M | 47.00M | 39.60M | 38.00M |
| Operating Expenses | 1.15B | 1.01B | 644.70M | 649.20M | 533.60M | 499.20M |
| Operating Income | 839.60M | 770.40M | 860.30M | 939.20M | 778.40M | 814.30M |
| Interest Expense | -264.90M | -217.90M | -20.40M | -24.30M | -34.90M | -39.30M |
| Interest & Investment Income | 10.10M | 10.10M | 10.90M | 9.00M | 4.20M | |
| Currency Exchange Gain (Loss) | 1.90M | 21.40M | 7.90M | |||
| Other Non Operating Income (Expenses) | -47.10M | -50.00M | -139.90M | -154.00M | -45.70M | -145.10M |
| EBT Excluding Unusual Items | 537.70M | 512.60M | 710.90M | 771.80M | 723.40M | 637.80M |
| Merger & Restructuring Charges | -263.40M | -271.00M | -66.80M | -20.10M | ||
| Other Unusual Items | -34.90M | -800.00K | ||||
| Pretax Income | 274.30M | 206.70M | 645.40M | 754.80M | 723.50M | 643.10M |
| Income Tax Expense | 128.60M | 102.70M | 221.40M | 244.60M | 211.50M | 184.00M |
| Net Income | 145.70M | 104.00M | 424.00M | 510.20M | 512.00M | 459.10M |
| Net Income to Common | 145.70M | 104.00M | 424.00M | 510.20M | 512.00M | 459.10M |
| Shares Outstanding (Basic) | 579.40M | 541.80M | 430.80M | 438.40M | 445.10M | 444.90M |
| Shares Outstanding (Diluted) | 583.80M | 545.50M | 432.10M | 439.60M | 445.60M | 445.90M |
| EPS (Basic) | 0.25 | 0.19 | 0.98 | 1.16 | 1.15 | 1.03 |
| EPS (Diluted) | 0.25 | 0.19 | 0.98 | 1.16 | 1.15 | 1.03 |
| Free Cash Flow | 352.40M | 199.80M | 359.60M | 445.40M | 7.80M | 497.50M |
| Free Cash Flow Per Share | 0.60 | 0.37 | 0.83 | 1.01 | 0.02 | 1.12 |
| Dividend Per Share | 0.70 | |||||
| Gross Margin | 36.77% | 36.76% | 38.81% | 40.35% | 34.74% | 36.34% |
| Operating Margin | 15.52% | 15.93% | 22.19% | 23.86% | 20.61% | 22.53% |
| Profit Margin | 2.69% | 2.15% | 10.94% | 12.96% | 13.55% | 12.70% |
| Free Cash Flow Margin | 6.51% | 4.13% | 9.27% | 11.31% | 0.21% | 13.76% |
| EBITDA | 1.45B | 1.26B | 1.08B | 1.12B | 951.00M | 976.10M |
| EBITDA Margin | 26.71% | 26.14% | 27.76% | 28.56% | 25.18% | 27.00% |
| D&A For EBITDA | 605.80M | 493.50M | 216.20M | 185.00M | 172.60M | 161.80M |
| EBIT | 839.60M | 770.40M | 860.30M | 939.20M | 778.40M | 814.30M |
| EBIT Margin | 15.52% | 15.93% | 22.19% | 23.86% | 20.61% | 22.53% |
| Effective Tax Rate | 46.88% | 49.69% | 34.30% | 32.41% | 29.23% | 28.61% |
| Advertising Expenses | 151.70M | 99.40M | 110.80M | 83.10M | 53.70M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 289.90M | 269.20M | 562.70M | 365.00M | 113.00M | 125.00M |
| Cash & Short-Term Investments | 289.90M | 269.20M | 562.70M | 365.00M | 113.00M | 125.00M |
| Accounts Receivable | 499.60M | 441.00M | 328.90M | 312.70M | 298.60M | 333.00M |
| Other Receivables | 79.80M | 68.40M | 58.50M | 63.00M | 73.30M | |
| Receivables | 499.60M | 520.80M | 397.30M | 371.20M | 361.60M | 406.30M |
| Inventory | 612.10M | 635.70M | 347.10M | 337.80M | 344.20M | 279.70M |
| Prepaid Expenses | 101.80M | 113.60M | 100.60M | 68.20M | 41.00M | 43.20M |
| Restricted Cash | 32.10M | 75.20M | 42.90M | 50.80M | 72.60M | 146.90M |
| Other Current Assets | 223.70M | 212.30M | 251.20M | 235.40M | 142.70M | 122.90M |
| Total Current Assets | 1.76B | 1.83B | 1.70B | 1.43B | 1.08B | 1.12B |
| Property, Plant & Equipment | 3.28B | 3.32B | 2.24B | 2.10B | 1.90B | 1.52B |
| Goodwill | 4.78B | 4.78B | 193.70M | 192.60M | 194.90M | 199.50M |
| Other Intangible Assets | 3.26B | 3.34B | 145.60M | 149.20M | 155.20M | 162.80M |
| Long-Term Deferred Tax Assets | 347.60M | 355.80M | 884.90M | 984.40M | 1.05B | 1.18B |
| Other Long-Term Assets | 67.90M | 66.70M | 61.80M | 56.30M | 98.70M | 60.50M |
| Total Assets | 13.49B | 13.69B | 5.23B | 4.91B | 4.48B | 4.24B |
| Accounts Payable | 699.60M | 351.40M | 232.50M | 252.00M | 198.20M | 273.60M |
| Accrued Expenses | 124.70M | 431.70M | 275.30M | 280.70M | 241.00M | 250.60M |
| Current Portion of Long-Term Debt | 43.80M | 43.80M | 9.40M | 7.50M | ||
| Current Portion of Leases | 39.90M | 38.50M | 22.70M | 20.20M | 18.90M | 13.60M |
| Current Income Taxes Payable | 26.50M | 13.10M | 10.30M | 13.00M | 15.40M | 9.50M |
| Other Current Liabilities | 175.00M | 278.90M | 260.00M | 224.30M | 223.80M | 222.60M |
| Total Current Liabilities | 1.11B | 1.16B | 810.20M | 797.70M | 697.30M | 769.90M |
| Long-Term Debt | 4.23B | 4.49B | 1.11B | 1.12B | 1.06B | 877.30M |
| Long-Term Leases | 205.40M | 212.20M | 65.80M | 61.50M | 62.50M | 64.60M |
| Long-Term Deferred Tax Liabilities | 426.30M | 399.70M | 121.10M | 107.50M | 93.60M | 86.90M |
| Other Long-Term Liabilities | 978.70M | 1.00B | 961.20M | 971.90M | 955.30M | 1.11B |
| Total Liabilities | 6.95B | 7.26B | 3.07B | 3.05B | 2.87B | 2.91B |
| Common Stock | 326.80M | 326.70M | 222.10M | 224.70M | 230.00M | 232.10M |
| Additional Paid-In Capital | 4.33B | 4.32B | 271.90M | 256.50M | 237.90M | 230.40M |
| Retained Earnings | 1.93B | 1.83B | 1.73B | 1.45B | 1.20B | 892.40M |
| Comprehensive Income & Other | -49.60M | -46.30M | -58.20M | -68.30M | -53.30M | -22.00M |
| Shareholders' Equity | 6.54B | 6.43B | 2.16B | 1.86B | 1.61B | 1.33B |
| Total Liabilities & Equity | 13.49B | 13.69B | 5.23B | 4.91B | 4.48B | 4.24B |
| Total Debt | 4.52B | 4.79B | 1.21B | 1.20B | 1.14B | 955.50M |
| Net Cash (Debt) | -4.23B | -4.52B | -645.30M | -839.30M | -1.03B | -830.50M |
| Net Cash Per Share | -7.25 | -8.28 | -1.49 | -1.91 | -2.31 | -1.86 |
| Filing Date Shares Outstanding | 580.52M | 580.31M | 429.86M | 433.78M | 442.06M | 445.35M |
| Total Common Shares Outstanding | 580.35M | 580.17M | 429.82M | 433.78M | 442.06M | 445.35M |
| Working Capital | 649.70M | 669.40M | 891.60M | 630.70M | 377.80M | 354.10M |
| Book Value Per Share | 11.27 | 11.08 | 5.03 | 4.29 | 3.65 | 2.99 |
| Tangible Book Value | -1.50B | -1.70B | 1.82B | 1.52B | 1.26B | 970.60M |
| Tangible Book Value Per Share | -2.58 | -2.92 | 4.24 | 3.50 | 2.85 | 2.18 |
| Land | 122.80M | 121.70M | 94.70M | 99.00M | 79.80M | 83.60M |
| Buildings | 1.04B | 995.20M | 747.00M | 577.40M | 568.10M | 530.60M |
| Machinery | 3.40B | 3.20B | 2.32B | 2.15B | 2.04B | 1.88B |
| Construction In Progress | 376.30M | 555.10M | 532.00M | 675.30M | 502.60M | 167.90M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 145.70M | 104.00M | 424.00M | 510.20M | 512.00M | 459.10M |
| Depreciation & Amortization | 605.80M | 493.50M | 216.20M | 185.00M | 172.60M | 161.80M |
| Loss (Gain) From Sale of Assets | -26.20M | -26.20M | -2.00M | -12.70M | ||
| Asset Writedown & Restructuring Costs | 25.20M | 23.50M | 38.20M | 20.10M | ||
| Stock-Based Compensation | 43.10M | 38.00M | 23.00M | 28.20M | 15.70M | 9.00M |
| Other Operating Activities | 145.50M | 173.90M | 253.70M | 244.80M | 131.30M | 222.40M |
| Change in Accounts Receivable | -37.30M | -15.60M | -28.90M | -19.70M | 32.10M | -70.90M |
| Change in Inventory | 4.30M | -48.50M | -15.70M | 3.40M | -70.80M | -64.30M |
| Change in Accounts Payable | -13.90M | 30.20M | 18.30M | 47.40M | -63.20M | 136.70M |
| Change in Income Taxes | 11.20M | 2.20M | -2.70M | -4.90M | 5.50M | 200.00K |
| Change in Other Net Operating Assets | -176.50M | -185.20M | -123.30M | -98.30M | -114.90M | -94.40M |
| Operating Cash Flow | 726.90M | 589.80M | 802.80M | 914.20M | 607.60M | 757.20M |
| Capital Expenditures | -374.50M | -390.00M | -443.20M | -468.80M | -599.80M | -259.70M |
| Sale of Property, Plant & Equipment | 108.20M | 108.20M | 400.00K | 4.20M | 14.10M | |
| Cash Acquisitions | -3.92B | -3.92B | ||||
| Other Investing Activities | -20.70M | -6.90M | -3.90M | -5.90M | -74.40M | -88.50M |
| Investing Cash Flow | -4.21B | -4.21B | -446.70M | -470.50M | -660.10M | -348.20M |
| Long-Term Debt Issued | 4.33B | 395.00M | 450.00M | 390.00M | ||
| Total Debt Issued | 3.16B | 4.33B | 395.00M | 450.00M | 390.00M | |
| Long-Term Debt Repaid | -923.40M | -8.70M | -328.00M | -261.50M | -351.00M | |
| Total Debt Repaid | -1.42B | -923.40M | -8.70M | -328.00M | -261.50M | -351.00M |
| Net Debt Issued (Repaid) | 1.74B | 3.41B | -8.70M | 67.00M | 188.50M | 39.00M |
| Issuance of Common Stock | 2.70M | 1.70M | 400.00K | 200.00K | 300.00K | |
| Repurchase of Common Stock | -100.00K | -149.90M | -271.40M | -84.50M | -2.80M | |
| Common Dividends Paid | -129.60M | -174.10M | ||||
| Other Financing Activities | -51.10M | -57.40M | -7.30M | -6.10M | -2.10M | |
| Financing Cash Flow | 1.69B | 3.35B | -165.90M | -210.10M | -25.40M | -449.60M |
| Foreign Exchange Rate Adjustments | 3.40M | 6.60M | -400.00K | -3.40M | -8.40M | -5.90M |
| Net Cash Flow | -1.79B | -261.20M | 189.80M | 230.20M | -86.30M | -46.50M |
| Free Cash Flow | 352.40M | 199.80M | 359.60M | 445.40M | 7.80M | 497.50M |
| Free Cash Flow Margin | 6.51% | 4.13% | 9.27% | 11.31% | 0.21% | 13.76% |
| Free Cash Flow Per Share | 0.60 | 0.37 | 0.83 | 1.01 | 0.02 | 1.12 |
| Levered Free Cash Flow | 2.16B | 374.51M | 256.04M | 323.81M | 14.89M | -1.23M |
| Unlevered Free Cash Flow | 2.32B | 510.70M | 268.79M | 339.00M | 36.70M | 23.34M |
| Cash Interest Paid | 244.40M | 207.80M | 63.60M | 41.80M | 41.00M | 37.00M |
| Cash Income Tax Paid | 85.10M | 85.10M | 128.10M | 183.10M | 117.10M | 92.70M |
| Change in Working Capital | -212.20M | -216.90M | -152.30M | -72.10M | -211.30M | -92.70M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 22.56B | 10.39B | 10.32B | 17.43B | 9.44B | 13.57B |
| Enterprise Value | 28.68B | 15.05B | 10.97B | 18.18B | 10.38B | 14.43B |
| Last Close Price | 27.24 | 18.94 | ||||
| PE Ratio | 110.32 | 99.93 | 24.33 | 34.16 | 18.43 | 29.55 |
| PS Ratio | 4.17 | 2.15 | 2.66 | 4.43 | 2.50 | 3.75 |
| PB Ratio | 3.45 | 1.62 | 4.77 | 9.38 | 5.86 | 10.18 |
| P/TBV Ratio | 5.66 | 11.49 | 7.48 | 13.98 | ||
| P/FCF Ratio | 64.02 | 52.01 | 28.68 | 39.13 | 1,209.64 | 27.27 |
| P/OCF Ratio | 31.04 | 17.62 | 12.85 | 19.06 | 15.53 | 17.91 |
| EV/Sales Ratio | 5.30 | 3.11 | 2.83 | 4.62 | 2.75 | 3.99 |
| EV/EBITDA Ratio | 19.84 | 11.91 | 10.19 | 16.17 | 10.92 | 14.78 |
| EV/EBIT Ratio | 34.16 | 19.54 | 12.75 | 19.36 | 13.34 | 17.72 |
| EV/FCF Ratio | 81.38 | 75.34 | 30.50 | 40.82 | 1,330.86 | 29.00 |
| Debt / Equity Ratio | 0.69 | 0.74 | 0.56 | 0.65 | 0.71 | 0.72 |
| Debt / EBITDA Ratio | 3.04 | 3.67 | 1.09 | 1.05 | 1.17 | 0.96 |
| Debt / FCF Ratio | 12.83 | 23.95 | 3.36 | 2.70 | 146.21 | 1.92 |
| Net Debt / Equity Ratio | 0.65 | 0.70 | 0.30 | 0.45 | 0.64 | 0.62 |
| Net Debt / EBITDA Ratio | 2.93 | 3.57 | 0.60 | 0.75 | 1.08 | 0.85 |
| Net Debt / FCF Ratio | 12.01 | 22.61 | 1.79 | 1.88 | 131.72 | 1.67 |
| Asset Turnover | 0.53 | 0.51 | 0.77 | 0.84 | 0.87 | 0.87 |
| Inventory Turnover | 6.88 | 6.22 | 6.93 | 6.88 | 7.90 | 9.24 |
| Quick Ratio | 0.71 | 0.68 | 1.19 | 0.92 | 0.68 | 0.69 |
| Current Ratio | 1.59 | 1.58 | 2.10 | 1.79 | 1.54 | 1.46 |
| Return on Equity (ROE) | 3.31% | 2.42% | 21.09% | 29.40% | 34.78% | 38.36% |
| Return on Assets (ROA) | 5.17% | 5.09% | 10.60% | 12.50% | 11.15% | 12.22% |
| Return on Invested Capital (ROIC) | 4.11% | 5.64% | 20.53% | 23.79% | 22.94% | 29.52% |
| Return on Capital Employed (ROCE) | 6.80% | 6.10% | 19.50% | 22.80% | 20.60% | 23.40% |
| Earnings Yield | 0.91% | 1.00% | 4.11% | 2.93% | 5.43% | 3.38% |
| FCF Yield | 1.56% | 1.92% | 3.49% | 2.56% | 0.08% | 3.67% |
| Dividend Yield | 2.30% | |||||
| Payout Ratio | 25.31% | 37.92% | ||||
| Buyback Yield / Dilution | -35.37% | -26.24% | 1.71% | 1.35% | 0.07% | -0.11% |
| Total Shareholder Return | -35.37% | -26.24% | 1.71% | 1.35% | 0.07% | 2.19% |