This page shows James Hardie Ind (JHIUF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
James Hardie Ind has an operating margin of 16.9%, meaning the company retains $17 of operating profit per $100 of revenue. This results in a moderate score of 60/100, indicating healthy but not exceptional operating efficiency. This is down from 19.5% the prior year.
James Hardie Ind's revenue declined 1.5% year-over-year, from $3.9B to $3.9B. This contraction results in a growth score of 31/100.
James Hardie Ind carries a low D/E ratio of 0.51, meaning only $0.51 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.
James Hardie Ind's current ratio of 2.10 indicates adequate short-term liquidity, earning a score of 38/100. The company can meet its near-term obligations, though with limited headroom.
James Hardie Ind has a free cash flow margin of 9.8%, earning a moderate score of 50/100. The company generates positive cash flow after capital investments, but with room for improvement.
James Hardie Ind's ROE of 19.6% shows moderate profitability relative to equity, earning a score of 55/100. This is down from 27.5% the prior year.
James Hardie Ind scores 4.11, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($11.7B) relative to total liabilities ($3.1B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
James Hardie Ind passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, James Hardie Ind generates $1.89 in operating cash flow ($802.8M OCF vs $424.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
James Hardie Ind earns $63.7 in operating income for every $1 of interest expense ($655.9M vs $10.3M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
James Hardie Ind generated $3.9B in revenue in fiscal year 2025. This represents a decrease of 1.5% from the prior year.
James Hardie Ind's EBITDA was $872.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.4% from the prior year.
James Hardie Ind reported $424.0M in net income in fiscal year 2025. This represents a decrease of 16.9% from the prior year.
James Hardie Ind earned $0.98 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 15.5% from the prior year.
Cash & Balance Sheet
James Hardie Ind generated $380.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 18.1% from the prior year.
James Hardie Ind held $562.7M in cash against $1.1B in long-term debt as of fiscal year 2025.
James Hardie Ind had 430M shares outstanding in fiscal year 2025. This represents a decrease of 0.9% from the prior year.
Margins & Returns
James Hardie Ind's gross margin was 38.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.5 percentage points from the prior year.
James Hardie Ind's operating margin was 16.9% in fiscal year 2025, reflecting core business profitability. This is down 2.6 percentage points from the prior year.
James Hardie Ind's net profit margin was 10.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.0 percentage points from the prior year.
James Hardie Ind's ROE was 19.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 7.8 percentage points from the prior year.
Capital Allocation
James Hardie Ind invested $48.5M in research and development in fiscal year 2025. This represents an increase of 3.2% from the prior year.
James Hardie Ind spent $149.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 44.8% from the prior year.
James Hardie Ind invested $422.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 6.0% from the prior year.
JHIUF Income Statement
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | -$25.5M | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
JHIUF Balance Sheet
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.2B+6.5% | $4.9B+9.7% | $4.5B+5.6% | $4.2B+3.8% | $4.1B+1.5% | $4.0B-0.1% | $4.0B+71.5% | $2.4B |
| Current Assets | $1.7B+19.1% | $1.4B+32.9% | $1.1B-4.4% | $1.1B+19.1% | $943.6M+3.9% | $908.4M+20.5% | $754.1M-10.5% | $842.6M |
| Cash & Equivalents | $562.7M+54.2% | $365.0M+223.0% | $113.0M-9.6% | $125.0M-40.0% | $208.5M+44.4% | $144.4M+83.5% | $78.7M-72.1% | $281.6M |
| Inventory | $347.1M+2.8% | $337.8M-1.9% | $344.2M+23.1% | $279.7M+28.1% | $218.3M-28.4% | $305.1M-3.9% | $317.4M+24.1% | $255.7M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $193.7M+0.6% | $192.6M-1.2% | $194.9M-2.3% | $199.5M-4.7% | $209.3M+6.3% | $196.9M-2.1% | $201.1M+4004.1% | $4.9M |
| Total Liabilities | $3.1B+0.5% | $3.1B+6.5% | $2.9B-1.5% | $2.9B-3.9% | $3.0B+1.2% | $3.0B-2.1% | $3.1B+18.9% | $2.6B |
| Current Liabilities | $810.2M+1.6% | $797.7M+14.4% | $697.3M-9.4% | $769.9M-14.6% | $901.1M+76.7% | $510.0M+5.6% | $483.0M+22.4% | $394.6M |
| Long-Term Debt | $1.1B-0.4% | $1.1B+5.3% | $1.1B+20.7% | $877.3M+2.2% | $858.6M-36.6% | $1.4B-1.9% | $1.4B+56.1% | $884.4M |
| Total Equity | $2.2B+16.3% | $1.9B+15.4% | $1.6B+20.9% | $1.3B+25.7% | $1.1B+2.5% | $1.0B+6.3% | $974.4M+539.9% | -$221.5M |
| Retained Earnings | $1.7B+19.3% | $1.4B+20.8% | $1.2B+34.1% | $892.4M+46.0% | $611.4M-7.3% | $659.5M+14.3% | $577.1M+190.8% | -$635.3M |
JHIUF Cash Flow Statement
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $295.0M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
JHIUF Financial Ratios
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 2.10+0.3 | 1.79+0.2 | 1.54+0.1 | 1.46+0.4 | 1.05-0.7 | 1.78+0.2 | 1.56-0.6 | 2.14 |
| Debt-to-Equity | 0.51-0.1 | 0.60-0.1 | 0.660.0 | 0.66-0.2 | 0.81-0.5 | 1.31-0.1 | 1.42+5.4 | -3.99 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
What is James Hardie Ind's annual revenue?
James Hardie Ind (JHIUF) reported $3.9B in total revenue for fiscal year 2025. This represents a -1.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is James Hardie Ind's revenue growing?
James Hardie Ind (JHIUF) revenue declined by 1.5% year-over-year, from $3.9B to $3.9B in fiscal year 2025.
Is James Hardie Ind profitable?
Yes, James Hardie Ind (JHIUF) reported a net income of $424.0M in fiscal year 2025, with a net profit margin of 10.9%.
What is James Hardie Ind's EBITDA?
James Hardie Ind (JHIUF) had EBITDA of $872.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does James Hardie Ind have?
As of fiscal year 2025, James Hardie Ind (JHIUF) had $562.7M in cash and equivalents against $1.1B in long-term debt.
What is James Hardie Ind's gross margin?
James Hardie Ind (JHIUF) had a gross margin of 38.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is James Hardie Ind's operating margin?
James Hardie Ind (JHIUF) had an operating margin of 16.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is James Hardie Ind's net profit margin?
James Hardie Ind (JHIUF) had a net profit margin of 10.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is James Hardie Ind's return on equity (ROE)?
James Hardie Ind (JHIUF) has a return on equity of 19.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is James Hardie Ind's free cash flow?
James Hardie Ind (JHIUF) generated $380.6M in free cash flow during fiscal year 2025. This represents a -18.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is James Hardie Ind's operating cash flow?
James Hardie Ind (JHIUF) generated $802.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are James Hardie Ind's total assets?
James Hardie Ind (JHIUF) had $5.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are James Hardie Ind's capital expenditures?
James Hardie Ind (JHIUF) invested $422.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does James Hardie Ind spend on research and development?
James Hardie Ind (JHIUF) invested $48.5M in research and development during fiscal year 2025.
What is James Hardie Ind's current ratio?
James Hardie Ind (JHIUF) had a current ratio of 2.10 as of fiscal year 2025, which is generally considered healthy.
What is James Hardie Ind's debt-to-equity ratio?
James Hardie Ind (JHIUF) had a debt-to-equity ratio of 0.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is James Hardie Ind's return on assets (ROA)?
James Hardie Ind (JHIUF) had a return on assets of 8.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is James Hardie Ind's Altman Z-Score?
James Hardie Ind (JHIUF) has an Altman Z-Score of 4.11, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is James Hardie Ind's Piotroski F-Score?
James Hardie Ind (JHIUF) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are James Hardie Ind's earnings high quality?
James Hardie Ind (JHIUF) has an earnings quality ratio of 1.89x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can James Hardie Ind cover its interest payments?
James Hardie Ind (JHIUF) has an interest coverage ratio of 63.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is James Hardie Ind?
James Hardie Ind (JHIUF) scores 54 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.