Financials Eagle Materials Inc.

Equities

EXP

US26969P1084

Construction Materials

Market Closed - Nyse Other stock markets 21:00:02 06/03/2026 GMT			5-day change	1st Jan Change
196.79 ^USD	-4.28%		-12.07%	-4.79%

02-24	RBC Initiates Eagle Materials at Sector Perform With $208 Price Target	MT
02-16	Analyst recommendations: Eagle Materials, Coinbase Global, Gilead Sciences, Royal Gold…

Projected Income Statement: Eagle Materials Inc.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	1,623	1,862	2,148	2,259	2,261	2,280	2,317	2,446
Change	-	14.72%	15.39%	5.18%	0.05%	0.84%	1.63%	5.57%
EBITDA ¹	555.7	643.2	764.4	814.6	816.7	762	756.9	821.3
Change	-	15.74%	18.84%	6.57%	0.26%	-6.7%	-0.67%	8.52%
EBIT ¹	426.8	514.4	625.8	664.8	639	573.8	564.1	621.6
Change	-	20.51%	21.67%	6.22%	-3.87%	-10.21%	-1.68%	10.19%
Interest Paid ¹	-44.42	-30.87	-35.17	-42.26	-40.53	-49.94	-59.91	-54.39
Earnings before Tax (EBT) ¹	424.1	475.1	588.6	617.9	591.5	525.8	510	569.5
Change	-	12.02%	23.89%	4.99%	-4.28%	-11.1%	-3.01%	11.66%
Net income ¹	339.4	374.2	461.5	477.6	463.4	413.6	395.1	442.2
Change	-	10.25%	23.32%	3.49%	-2.98%	-10.74%	-4.49%	11.94%
Announcement Date	19/05/21	19/05/22	18/05/23	21/05/24	20/05/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: March	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2	2028 Q3
Net sales ¹	343.3	475.8	509.7	462.9	413.1	561.4	605.1	511.5	470.1	601.5	622.2	558.8	476.7	608.7	623.6	558	470.2	634.7	638.9	556	450.2	616.3	647.9	572.6	469	653.1	681	601.7
Change	-	38.59%	7.13%	-9.17%	-10.76%	35.89%	7.78%	-15.47%	-8.09%	27.95%	3.44%	-10.19%	-14.7%	27.69%	2.45%	-10.52%	-15.74%	34.99%	0.66%	-12.98%	-19.03%	36.91%	5.13%	-11.62%	-18.1%	39.26%	4.27%	-11.63%
EBITDA ¹	120.7	160.6	190.4	169.7	128.5	178.9	222.6	194.7	168.2	207.8	242.7	214.2	149.9	224.5	242.2	208.8	141.2	215	233.3	190.1	123.2	194.3	228.9	193.6	133.3	203.5	239.3	206.1
Change	-	33.07%	18.55%	-10.89%	-24.26%	39.22%	24.41%	-12.55%	-13.62%	23.59%	16.78%	-11.74%	-30.03%	49.8%	7.89%	-13.82%	-32.37%	52.31%	8.49%	-18.52%	-35.19%	57.71%	17.82%	-15.43%	-31.16%	52.7%	17.59%	-13.88%
EBIT ¹	87.9	128.7	158.1	137.5	96.2	144.7	188	159.9	133.3	171.1	205.5	176.7	111.4	181.6	203.1	164.7	94.42	169.6	185.8	143	76.99	148.5	181.3	147.3	85.26	156	191.2	156.5
Change	-	46.4%	22.85%	-13.03%	-30.04%	50.43%	29.9%	-14.95%	-16.62%	28.4%	20.07%	-14%	-36.98%	63.06%	11.85%	-18.92%	-42.67%	79.59%	9.59%	-23.07%	-46.14%	92.87%	22.06%	-18.74%	-42.11%	82.97%	22.59%	-18.16%
Charge d'intérêts ¹	-8.463	-6.972	-12.27	-5.651	-5.982	-7.33	-8.58	-8.932	-10.33	-12.24	-10.2	-10.13	-9.686	-10.68	-10.71	-9.061	-10.07	-11.72	-9.362	-13.71	-15.21	-14.94	-14.96	-14.88	-14.9	-12.61	-12.61	-12.61
Earnings before Tax (EBT) ¹	79.44	121.7	131.3	131.8	90.21	136.2	178.5	150.9	123	155.4	194.2	166.6	101.7	170.9	185.3	154.3	81	157.9	176.5	129.2	62.29	133.2	169	133.7	70.09	150.4	184.1	151.4
Change	-	53.22%	7.88%	0.4%	-31.58%	50.95%	31.1%	-15.46%	-18.53%	26.42%	24.92%	-14.21%	-38.96%	68.08%	8.38%	-16.71%	-47.51%	94.89%	11.79%	-26.76%	-51.81%	113.88%	26.88%	-20.92%	-47.57%	114.56%	22.44%	-17.76%
Net income ¹	66.01	95.33	102.1	102.5	74.32	105	139	117.2	100.4	120.8	150.6	129.1	77.1	133.8	143.5	119.6	66.48	123.4	137.4	102.9	49.12	104.4	130.7	103	55.37	116.2	142.2	117
Change	-	44.41%	7.13%	0.35%	-27.48%	41.3%	32.37%	-15.69%	-14.36%	20.42%	24.58%	-14.22%	-40.3%	73.6%	7.23%	-16.68%	-44.4%	85.56%	11.37%	-25.1%	-52.27%	112.51%	25.25%	-21.2%	-46.25%	109.8%	22.45%	-17.75%
Announcement Date	19/05/21	28/07/21	28/10/21	27/01/22	19/05/22	28/07/22	26/10/22	26/01/23	18/05/23	27/07/23	26/10/23	25/01/24	21/05/24	30/07/24	29/10/24	29/01/25	20/05/25	29/07/25	30/10/25	29/01/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Eagle Materials Inc.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	745	919	1,084	1,068	1,226	1,560	1,657	1,755
Change	-	23.36%	17.95%	-1.48%	14.79%	27.26%	6.22%	5.91%
Announcement Date	19/05/21	19/05/22	18/05/23	21/05/24	20/05/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Eagle Materials Inc.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	53.93	74.12	110.1	120.3	195.3	443.8	428.6	251.7
Change	-	37.43%	48.6%	9.23%	62.32%	127.26%	-3.42%	-41.28%
Free Cash Flow (FCF) ¹	589.1	443	431.6	443.6	353.3	156.7	194.9	478
Change	-	-24.8%	-2.59%	2.79%	-20.37%	-55.64%	24.37%	145.2%
Announcement Date	19/05/21	19/05/22	18/05/23	21/05/24	20/05/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Eagle Materials Inc.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	34.25%	34.55%	35.58%	36.06%	36.13%	33.43%	32.67%	33.58%
EBIT Margin (%)	26.3%	27.63%	29.13%	29.42%	28.27%	25.17%	24.35%	25.42%
EBT Margin (%)	26.14%	25.52%	27.4%	27.35%	26.17%	23.07%	22.01%	23.28%
Net margin (%)	20.92%	20.1%	21.49%	21.14%	20.5%	18.15%	17.05%	18.08%
FCF margin (%)	36.31%	23.8%	20.09%	19.64%	15.63%	6.88%	8.41%	19.54%
FCF / Net Income (%)	173.56%	118.38%	93.51%	92.88%	76.23%	37.89%	49.34%	108.08%
Profitability
ROA	11.7%	13.81%	17.22%	16.68%	14.92%	11.43%	9.99%	11.1%
ROE	29.2%	30.03%	39.8%	38.3%	33.52%	28.13%	25.39%	28.13%
Financial Health
Leverage (Debt/EBITDA)	1.34x	1.43x	1.42x	1.31x	1.5x	2.05x	2.19x	2.14x
Debt / Free cash flow	1.26x	2.07x	2.51x	2.41x	3.47x	9.95x	8.5x	3.67x
Capital Intensity
CAPEX / Current Assets (%)	3.32%	3.98%	5.13%	5.32%	8.64%	19.47%	18.5%	10.29%
CAPEX / EBITDA (%)	9.71%	11.52%	14.41%	14.77%	23.91%	58.24%	56.63%	30.64%
CAPEX / FCF (%)	9.15%	16.73%	25.52%	27.12%	55.28%	283.17%	219.88%	52.66%
Items per share
Cash flow per share ¹	15.37	12.64	14.62	16.07	16.3	18.43	17.43	19.09
Change	-	-17.82%	15.71%	9.9%	1.47%	13.04%	-5.43%	9.52%
Dividend per Share ¹	0.1	0.75	1	1	1	0.9422	0.9731	0.9375
Change	-	650%	33.33%	0%	0%	-5.77%	3.28%	-3.66%
Book Value Per Share ¹	32.07	27.7	30.63	38.32	43.29	45.26	51.74	50.08
Change	-	-13.64%	10.59%	25.12%	12.97%	4.54%	14.32%	-3.21%
EPS ¹	8.12	9.14	12.46	13.61	13.77	12.81	12.57	14.31
Change	-	12.56%	36.32%	9.23%	1.18%	-6.99%	-1.83%	13.8%
Nbr of stocks (in thousands)	42,002	39,505	36,052	34,450	33,288	31,432	31,432	31,432
Announcement Date	19/05/21	19/05/22	18/05/23	21/05/24	20/05/25	-	-	-