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James Hardie Industries plc (JHX) Financials

JHX
FY2026 annual
Revenue $4.8B +24.7% YoY
Net Income $104.0M -75.5% YoY
EPS (Diluted) $0.19 -80.6% YoY
Free Cash Flow $205.9M -45.9% YoY
Market Cap $14.6B as of Oct 9, 2026
Price / Sales 3.0x on $4.8B revenue, FY2026
Price / Earnings 140x on $104.0M net income, FY2026
Price / Book 2.2x on $6.5B equity, Q1 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2027, ended Jun 30, 2026 Reported Currency USD FYE March

Newest figures come from the 10-Q for Q1 FY2027, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the JHX SEC filings page.

James Hardie Industries plc (JHX) reported $4.8B in revenue for fiscal year 2026, up 24.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI JHX FY2026

FY2026 added scale, but debt, goodwill, and amortization absorbed much of the operating benefit from higher revenue.

Revenue grew to $4.8B, but operating margin fell to 9.3%. EBITDA increased to $941M while operating income fell to $448M, linking weaker reported profit to the much larger depreciation-and-amortization charge.

Long-term debt reached $4.5B and the debt-to-equity ratio was 0.7x, making the financing structure more leveraged than the prior year. Goodwill expanded to $4.8B while total assets reached $13.7B, so much of the reported scale increase sits in balance-sheet assets rather than revenue alone.

Operating cash flow was $590M against net income of $104M, so cash generation held up better than reported earnings. Free cash flow was $206M after $384M of capital spending, leaving reinvestment to absorb much of the cash produced.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 54 / 100
Financial Health Score 54/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of James Hardie Industries plc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
75

James Hardie Industries plc has an operating margin of 9.3%, meaning the company retains $9 of operating profit per $100 of revenue. This strong profitability earns a score of 75/100, reflecting efficient cost management and pricing power. This is down from 16.9% the prior year.

Growth
67

James Hardie Industries plc's revenue surged 24.7% year-over-year to $4.8B, reflecting rapid business expansion. This strong growth earns a score of 67/100.

Leverage
13

James Hardie Industries plc has elevated debt relative to equity (D/E of 0.70), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 13/100, reflecting increased financial risk.

Liquidity
45

James Hardie Industries plc's current ratio of 1.58 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
56

James Hardie Industries plc has a free cash flow margin of 4.3%, earning a moderate score of 56/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
65

James Hardie Industries plc earns a strong 1.6% return on equity (ROE), meaning it generates $2 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 65/100. This is down from 19.6% the prior year.

Altman Z-Score Grey Zone
1.91

James Hardie Industries plc scores 1.91, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($14.6B) relative to total liabilities ($7.3B). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Weak
3/9

James Hardie Industries plc passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed
5.67x

For every $1 of reported earnings, James Hardie Industries plc generates $5.67 in operating cash flow ($589.8M OCF vs $104.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk
1.94x

James Hardie Industries plc earns $1.94 in operating income for every $1 of interest expense ($447.6M vs $231.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.5B
YoY+63.9%

James Hardie Industries plc generated $1.5B in revenue in Q1 2027. This represents an increase of 63.9% from the same quarter a year earlier.

EBITDA
$386.5M
YoY+98.1%

James Hardie Industries plc's EBITDA was $386.5M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 98.1% from the same quarter a year earlier.

Net Income
$104.3M
YoY+66.6%

James Hardie Industries plc reported $104.3M in net income in Q1 2027. This represents an increase of 66.6% from the same quarter a year earlier.

EPS (Diluted)
$0.18
YoY+20.0%

James Hardie Industries plc earned $0.18 per diluted share (EPS) in Q1 2027. This represents an increase of 20.0% from the same quarter a year earlier.

Cash & Balance Sheet

Free Cash Flow
$254.2M
YoY+145.1%

James Hardie Industries plc generated $254.2M in free cash flow in Q1 2027, representing cash available after capex. This represents an increase of 145.1% from the same quarter a year earlier.

Cash & Debt
$289.9M
YoY-86.3%
QoQ+7.7%

James Hardie Industries plc held $289.9M in cash against $4.2B in long-term debt as of Q1 2027.

Shares Outstanding
581M
QoQ0.0%

James Hardie Industries plc had 581M shares outstanding in Q1 2027. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q1 2027.

Margins & Returns

Gross Margin
37.2%
YoY-0.2pp

James Hardie Industries plc's gross margin was 37.2% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the same quarter a year earlier.

Operating Margin
14.8%
YoY-0.6pp

James Hardie Industries plc's operating margin was 14.8% in Q1 2027, reflecting core business profitability. This is down 0.6 percentage points from the same quarter a year earlier.

Net Margin
7.1%
YoY+0.1pp

James Hardie Industries plc's net profit margin was 7.1% in Q1 2027, showing the share of revenue converted to profit. This is up 0.1 percentage points from the same quarter a year earlier.

Return on Equity
1.6%
YoY-1.2pp

James Hardie Industries plc's ROE was 1.6% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the same quarter a year earlier.

Capital Allocation

R&D Spending
$15.4M
YoY+27.3%

James Hardie Industries plc invested $15.4M in research and development in Q1 2027. This represents an increase of 27.3% from the same quarter a year earlier.

Capital Expenditures
$89.8M
YoY-13.0%

James Hardie Industries plc invested $89.8M in capex in Q1 2027, funding long-term assets and infrastructure. This represents a decrease of 13.0% from the same quarter a year earlier.

Share Buybacks

Not reported for Q1 2027.

JHX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

JHX quarterly income statement
MetricQ1'2710-QQ4'2610-QQ1'2610-QQ4'2510-KQ4'2410-KQ4'2310-KQ4'2210-KQ4'2110-K
Revenue$1.5B+63.9%N/A$899.9MN/AN/AN/AN/AN/A
Cost of Revenue$925.9M+64.5%N/A$563.0MN/AN/AN/AN/AN/A
Gross Profit$548.7M+62.9%N/A$336.9MN/AN/AN/AN/AN/A
R&D Expenses$15.4M+27.3%N/A$12.1MN/AN/AN/AN/AN/A
SG&A Expenses$295.4M+89.2%N/A$156.1MN/AN/AN/AN/AN/A
Operating Income$217.7M+57.1%N/A$138.6MN/AN/AN/AN/AN/A
EBITDA$386.5M+98.1%N/A$195.1MN/AN/AN/AN/AN/A
Interest Expense$61.5M+62.7%N/A$37.8MN/AN/AN/AN/AN/A
Income Tax$53.0M+95.6%N/A$27.1MN/AN/AN/AN/AN/A
Net Income$104.3M+66.6%N/A$62.6MN/AN/AN/AN/AN/A
EPS (Basic)$0.18+20.0%N/A$0.15N/AN/AN/AN/AN/A
EPS (Diluted)$0.18+20.0%N/A$0.15N/AN/AN/AN/AN/A
Diluted Shares (Avg)584M+35.5%N/A431MN/AN/AN/AN/AN/A

JHX Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

JHX quarterly balance sheet
MetricQ1'2710-QQ4'2610-QQ1'2610-QQ4'2510-KQ4'2410-KQ4'2310-KQ4'2210-KQ4'2110-K
Total Assets$13.5B$13.7B+161.7%N/A$5.2B+6.5%$4.9B+9.7%$4.5B+5.6%$4.2B+3.8%$4.1B+1.5%
Current Assets$1.8B$1.8B+7.3%N/A$1.7B+19.1%$1.4B+32.9%$1.1B-4.4%$1.1B+19.1%$943.6M+3.9%
Cash & Equivalents$289.9M-86.3%$269.2M-52.2%$2.1B$562.7M+54.2%$365.0M+223.0%$113.0M-9.6%$125.0M-40.0%$208.5M+44.4%
Short-Term Investments$0$0$0$0$0$0$0$0
Inventory$612.1M$635.7M+83.1%N/A$347.1M+2.8%$337.8M-1.9%$344.2M+23.1%$279.7M+28.1%$218.3M-28.4%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$4.8B$4.8B+2367.9%N/A$193.7M+0.6%$192.6M-1.2%$194.9M-2.3%$199.5M-4.7%$209.3M+6.3%
Total Liabilities$7.0B$7.3B+136.7%N/A$3.1B+0.5%$3.1B+6.5%$2.9B-1.5%$2.9B-3.9%$3.0B+1.2%
Current Liabilities$1.1B$1.2B+42.9%N/A$810.2M+1.6%$797.7M+14.4%$697.3M-9.4%$769.9M-14.6%$901.1M+76.7%
Non-Current Liabilities$5.8B$6.1B+170.4%N/A$2.3B+0.1%$2.3B+3.9%$2.2B+1.4%$2.1B+0.6%$2.1B-14.3%
Long-Term Debt$4.2B$4.5B+304.6%N/A$1.1B-0.4%$1.1B+5.3%$1.1B+20.7%$877.3M+2.2%$858.6M-36.6%
Total Equity$6.5B+189.9%$6.4B+197.3%$2.3B$2.2B+16.3%$1.9B+15.4%$1.6B+20.9%$1.3B+25.7%$1.1B+2.5%
Retained Earnings$1.9B$1.8B+6.0%N/A$1.7B+19.3%$1.4B+20.8%$1.2B+34.1%$892.4M+46.0%$611.4M-7.3%

Not reported in any period shown, so not listed: Accounts Receivable.

JHX Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

JHX quarterly cash flow statement
MetricQ1'2710-QQ4'2610-QQ1'2610-QQ4'2510-KQ4'2410-KQ4'2310-KQ4'2210-KQ4'2110-K
Operating Cash Flow$344.0M+66.3%N/A$206.9MN/AN/AN/AN/AN/A
Depreciation & Amortization$168.8M+198.8%N/A$56.5MN/AN/AN/AN/AN/A
Stock-Based Compensation$12.0M+73.9%N/A$6.9MN/AN/AN/AN/AN/A
Capital Expenditures$89.8M-13.0%N/A$103.2MN/AN/AN/AN/AN/A
Free Cash Flow$254.2M+145.1%N/A$103.7MN/AN/AN/AN/AN/A
Investing Cash Flow-$103.6M+1.6%N/A-$105.3MN/AN/AN/AN/AN/A
Financing Cash Flow-$261.4M-118.6%N/A$1.4BN/AN/AN/AN/AN/A

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

JHX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

JHX quarterly financial ratios
MetricQ1'2710-QQ4'2610-QQ1'2610-QQ4'2510-KQ4'2410-KQ4'2310-KQ4'2210-KQ4'2110-K
Gross Margin37.2%-0.2ppN/A37.4%N/AN/AN/AN/AN/A
Operating Margin14.8%-0.6ppN/A15.4%N/AN/AN/AN/AN/A
Net Margin7.1%+0.1ppN/A7.0%N/AN/AN/AN/AN/A
Return on Equity1.6%-1.2ppN/A2.8%N/AN/AN/AN/AN/A
Return on Assets0.8%N/AN/AN/AN/AN/AN/AN/A
Current Ratio1.591.58-0.5xN/A2.10+0.3x1.79+0.2x1.54+0.1x1.46+0.4x1.05-0.7x
Debt-to-Equity0.650.70+0.2xN/A0.51-0.1x0.60-0.1x0.660.0x0.66-0.2x0.81-0.5x
Asset Turnover0.11N/AN/AN/AN/AN/AN/AN/A
FCF Margin17.2%+5.7ppN/A11.5%N/AN/AN/AN/AN/A

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
James Hardie Industries plc JHX FY2026 $4.8B $104.0M 2.1% $14.6B 54/100
Cemex S.A.B. de C.V. CX FY2025 $16.1B $970.0M 6.0% $13.8B 28/100
Vulcan Materials Company(Holding Company) VMC FY2025 $7.9B $1.1B 13.6% $31.9B 62/100
Martin Marietta Materials MLM FY2025 $6.2B $1.1B 18.5% $34.2B 64/100
Eagle Materials, Inc. EXP FY2026 $2.3B $423.8M 18.4% $5.1B 71/100
CRH Public Limited Company CRH FY2025 $37.4B $3.8B 10.0% $54.5B 58/100

Frequently Asked Questions

What is James Hardie Industries plc's annual revenue?

James Hardie Industries plc (JHX) reported $4.8B in total revenue for fiscal year 2026. This represents a 24.7% 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 Industries plc's revenue growing?

James Hardie Industries plc (JHX) revenue grew by 24.7% year-over-year, from $3.9B to $4.8B in fiscal year 2026.

Is James Hardie Industries plc profitable?

Yes, James Hardie Industries plc (JHX) reported a net income of $104.0M in fiscal year 2026, with a net profit margin of 2.1%.

James Hardie Industries plc (JHX) reported diluted earnings per share of $0.19 for fiscal year 2026. This represents a -80.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

James Hardie Industries plc (JHX) had EBITDA of $941.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2026, James Hardie Industries plc (JHX) had $269.2M in cash and equivalents against $4.5B in long-term debt.

James Hardie Industries plc (JHX) had a gross margin of 35.8% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

James Hardie Industries plc (JHX) had an operating margin of 9.3% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

James Hardie Industries plc (JHX) had a net profit margin of 2.1% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

James Hardie Industries plc (JHX) has a return on equity of 1.6% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

James Hardie Industries plc (JHX) generated $205.9M in free cash flow during fiscal year 2026. This represents a -45.9% 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.

James Hardie Industries plc (JHX) generated $589.8M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

James Hardie Industries plc (JHX) had $13.7B in total assets as of fiscal year 2026, including both current and long-term assets.

James Hardie Industries plc (JHX) invested $383.9M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

James Hardie Industries plc (JHX) invested $60.7M in research and development during fiscal year 2026.

James Hardie Industries plc (JHX) had 580M shares outstanding as of fiscal year 2026.

James Hardie Industries plc (JHX) had a current ratio of 1.58 as of fiscal year 2026, which is generally considered healthy.

James Hardie Industries plc (JHX) had a debt-to-equity ratio of 0.70 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

James Hardie Industries plc (JHX) had a return on assets of 0.8% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

James Hardie Industries plc (JHX) trades at 140x earnings, its market capitalization divided by net income of $104.0M net income, FY2026. The market capitalization is $14.6B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

James Hardie Industries plc (JHX) trades at 3.0x sales, its market capitalization divided by revenue of $4.8B revenue, FY2026. The market capitalization is $14.6B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

James Hardie Industries plc (JHX) has an Altman Z-Score of 1.91, placing it in the Grey Zone (moderate 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.

James Hardie Industries plc (JHX) has a Piotroski F-Score of 3 out of 9, indicating weak 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

James Hardie Industries plc (JHX) has an earnings quality ratio of 5.67x, 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.

James Hardie Industries plc (JHX) has an interest coverage ratio of 1.94x, meaning it can struggle to 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.

James Hardie Industries plc (JHX) scores 54 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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