JHXNYSEConcrete Products, Except Block & BrickFiscal year ends March 31Also trades as JHIUF
James Hardie Industries plc
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$25.55−0.27 (-1.05%)
Close on Oct 19, 2026
- Market cap
- $14.93B
- P/E (TTM)
- 134.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
35.8%−0.4 pts over 5 years
Operating margin
9.3%−7.0 pts over 5 years
Net margin
2.2%−6.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +24.7% | +8.6% | +10.7% | +10.8% | |
| Gross profit | +14.9% | +9.6% | +10.5% | +10.6% | |
| Operating income | -31.8% | -15.5% | -1.1% | +2.4% | |
| Net income | -75.5% | -41.2% | -16.9% | -8.2% | |
| EPS, diluted | -80.6% | -45.1% | -20.3% | -10.1% | |
| Free cash flow | -45.9% | +132.9% | -21.2% | +1.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | -126.4% | 25.1% | 2.4% | |
| Return on assets | 13.7% | 6.5% | 1.1% | |
| Current ratio | 1.47 | 1.05 | 1.58 | |
| Debt to equity | -2.66 | 0.81 | 0.71 | |
| Net debt to EBITDA | 1.02× | 0.89× | 4.53× | |
| Interest coverage | 13.8× | – | 1.9× | |
| Inventory turnover | 6.3× | 7.1× | 6.3× | |
| Capex to revenue | 5.3% | 3.8% | 7.9% | |
| Diluted shares | 444M | 445M | 546M |
Where the cash went
Fiscal 2022 to 2026, five years combined
James Hardie Industries generated $3.67B from operations and spent $3.22B on capital expenditure, dividends and share buybacks. 65% of that went back into the business.
Generated
$3.67B
Used
$3.22B
Capital expenditure$2.10B65%Dividends$613.60M19%Share buybacks$499.70M16%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.2%
×Asset turnover0.51×
×Equity multiplier2.20×
=Return on equity, FY20262.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 2.2% | 0.51× | 2.20× | 2.4% |
| FY2025 | 10.9% | 0.76× | 2.52× | 21.1% |
| FY2024 | 13.0% | 0.84× | 2.71× | 29.4% |
| FY2023 | 13.6% | 0.87× | 2.96× | 34.8% |
| FY2022 | 12.7% | 0.87× | 3.48× | 38.4% |
| FY2021 | 9.0% | 0.72× | 3.87× | 25.1% |
| FY2020 | 9.3% | 0.65× | 4.01× | 24.0% |
| FY2019 | 9.1% | 0.79× | 8.48× | 60.8% |
| FY2018 | 7.1% | 0.94× | -10.06× | -67.4% |
| FY2017 | 14.4% | 0.95× | -9.24× | -126.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
4of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$104.00M
- Cash generatingOperating cash flow above zero$589.80M
- Return on assets improvedROA up on the prior year8.6% → 2.0%
- Earnings backed by cashOperating cash flow above net income$589.80M vs $104.00M
- Less leverageLong-term debt to assets fell21.2% → 32.8%
- Better liquidityCurrent ratio rose2.10 → 1.58
- No dilutionShare count did not rise432M → 546M
- Gross margin improvedGross margin up on the prior year38.81% → 35.77%
- More efficientAsset turnover rose0.79 → 0.92