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James Hardie
(Sydney:JHX)
James Hardie (JHX) vs. iShares MSCI Australia ETF (EWA)
James Hardie Business Overview & Revenue Model
James Hardie Earnings Call Summary
James Hardie Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.40B | 3.88B | 3.94B | 3.78B | 3.61B | 2.91B |
| Gross Profit | 1.58B | 1.50B | 1.59B | 1.31B | 1.31B | 1.05B |
| EBITDA | 797.30M | 902.60M | 976.20M | 933.10M | 844.20M | 594.80M |
| Net Income | 119.10M | 424.00M | 510.20M | 512.00M | 459.10M | 262.80M |
Balance Sheet | ||||||
| Total Assets | 13.80B | 5.23B | 4.91B | 4.48B | 4.24B | 4.09B |
| Cash, Cash Equivalents and Short-Term Investments | 344.20M | 562.70M | 365.00M | 113.00M | 125.00M | 208.50M |
| Total Debt | 4.86B | 1.21B | 1.20B | 1.14B | 955.50M | 922.60M |
| Total Liabilities | 7.41B | 3.07B | 3.05B | 2.87B | 2.91B | 3.03B |
| Stockholders Equity | 6.40B | 2.16B | 1.86B | 1.61B | 1.33B | 1.06B |
Cash Flow | ||||||
| Free Cash Flow | 206.59M | 380.60M | 464.90M | 7.80M | 497.50M | 666.70M |
| Operating Cash Flow | 601.50M | 802.80M | 914.20M | 607.60M | 757.20M | 786.90M |
| Investing Cash Flow | -4.27B | -446.70M | -470.50M | -660.10M | -348.20M | -120.40M |
| Financing Cash Flow | 3.49B | -165.90M | -210.10M | -25.40M | -449.60M | -540.20M |
James Hardie Technical Analysis
James Hardie Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$8.28B | 8.70 | 19.70% | ― | 109.79% | 158.18% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | $18.33B | 43.45 | 4.63% | ― | 6.96% | -51.47% | |
57 Neutral | $12.09B | 6.75 | 0.73% | 2.48% | -4.46% | -89.42% | |
52 Neutral | AU$2.52B | 240.15 | -6.65% | ― | 69.51% | -153.68% | |
44 Neutral | AU$977.85K | -20.13 | -1530.63% | ― | -92.77% | 74.05% |
James Hardie Corporate Events
James Hardie Industries has reported that the number of CHESS Depositary Interests (CDIs) on issue for February 2026 remained unchanged at 430,438,730, maintaining a 1:1 ratio with the underlying quoted securities. The disclosure indicates stability in the company’s Australian-listed capital structure, with no new CDIs issued during the month.
The company also confirmed no changes in other securities over which CDIs have not been issued, including ordinary shares, restricted stock units and options expiring in November 2027. This steady position across all classes of securities suggests no recent equity dilution or capital raising activity, offering investors continuity in James Hardie’s share base for the period reported.
The most recent analyst rating on (AU:JHX) stock is a Hold with a A$33.00 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has notified the market of the issue of 10,440 unquoted ordinary shares, recorded under the ASX security code JHXAM, with an issue date of 27 February 2026. The new securities form part of a previously announced transaction and are not intended to be quoted on the ASX, indicating a targeted capital or incentive issuance that minimally affects public float but may support internal funding or compensation structures.
The filing, lodged as a new Appendix 3G on 5 March 2026, reflects routine capital management and compliance with ASX disclosure requirements. While small in scale relative to James Hardie’s overall equity base, the move underscores ongoing use of unquoted securities to manage stakeholder alignment and long-term incentives without diluting liquidity in the main quoted line of stock.
The most recent analyst rating on (AU:JHX) stock is a Hold with a A$39.00 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has applied for quotation on the ASX of 2,698 CHESS Depositary Interests (CDIs) on a 1:1 basis with its ordinary shares. The new securities are being issued under an employee incentive scheme and are not subject to transfer restrictions, representing a routine expansion of the company’s quoted equity to accommodate staff compensation awards.
The relatively small issuance indicates a minor capital impact while reinforcing James Hardie’s use of equity-based incentives to align employees with shareholder interests. For investors, the move marginally increases the free float of JHX CDIs on the ASX and underscores the ongoing role of stock-based remuneration in the company’s talent and retention strategy.
The most recent analyst rating on (AU:JHX) stock is a Hold with a A$39.00 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie has disclosed a change in the shareholdings of director Gary Hendrickson, detailing movements between his direct holdings and family trusts. The filing shows a significant reallocation of ordinary shares, shifting a large portion from his personal account into structures where he or his spouse act as trustees and retain management control.
According to the notice, Hendrickson’s direct stake decreased while his indirect interests through The Hendrickson Family Trust and The Gary E. Hendrickson Trust increased. The company emphasized that these transfers, including one for no value and another for consideration between family trusts, do not alter Hendrickson’s overall beneficial ownership, implying no substantive change in his economic exposure to James Hardie shares.
The most recent analyst rating on (AU:JHX) stock is a Hold with a A$39.00 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie has reported third-quarter fiscal 2026 results for the period ended 31 December 2025, posting net sales of $1.2 billion, up 30% year on year, with organic net sales growing 1%. Operating income reached $176 million and adjusted EBITDA came in at $330 million, underpinned by a near 500-basis-point sequential improvement in Siding & Trim adjusted EBITDA margins and mid-single-digit sell-through growth in Deck, Rail & Accessories.
Management said it met or exceeded financial commitments despite a mixed macro environment, and is optimizing its manufacturing footprint and cost base to match slower but stabilizing demand, supporting near-term profitability. The company highlighted stronger-than-expected integration and cost synergies from its AZEK acquisition, having surpassed its FY26 synergy goal and reiterating confidence in achieving a $125 million cost-synergy target and unlocking meaningful revenue synergies from dealers, contractors and homebuilders from FY27 onward.
The most recent analyst rating on (AU:JHX) stock is a Hold with a A$37.00 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has notified the market of the issue of 15,365 restricted stock units under its employee incentive scheme, with the securities not quoted on the ASX until transfer restrictions end. The move underscores the company’s continued use of equity-based compensation to retain and motivate staff, aligning employee interests with shareholder value without immediately altering the public float.
The newly issued unquoted securities, recorded under ASX code JHXAK and effective from February 2, 2026, form part of the firm’s ongoing capital management framework. While modest in scale relative to James Hardie’s overall equity base, the grant reflects standard practice among large listed companies to support long-term performance and strengthen executive and employee engagement.
The most recent analyst rating on (AU:JHX) stock is a Hold with a A$37.00 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has notified the market of the issue of 35,378 ordinary shares as unquoted equity securities, effective 2 February 2026. The new securities, recorded under ASX code JHXAM, form part of previously disclosed transactions and are not intended to be quoted on the ASX, resulting in a modest expansion of the company’s share base without immediate impact on public float.
The issuance of these unquoted ordinary shares likely reflects ongoing corporate or employee-related equity arrangements that support James Hardie’s capital management strategy. While small in scale, such transactions can influence dilution dynamics and signal the company’s continued use of equity-based instruments to fund commitments or incentivise stakeholders.
The most recent analyst rating on (AU:JHX) stock is a Hold with a A$37.00 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries will release its third-quarter fiscal 2026 financial results after US market close on Tuesday, 10 February, and before the Australian market opens on Wednesday, 11 February, followed by a webcast conference call hosted by CEO Aaron Erter and CFO Ryan Lada for investors and analysts across key time zones. The scheduled earnings announcement and accompanying investor call underscore the company’s ongoing engagement with global capital markets and will offer stakeholders fresh insight into the operational and financial performance of the leading building products manufacturer amid evolving demand in the construction and renovation sectors.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$41.70 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has notified the market of the issue of 4,074 unquoted ordinary shares, recorded under ASX security code JHXAM, with an issue date of 12 January 2026. The new securities form part of a previously flagged transaction under an earlier Appendix 3B, are not quoted on the ASX and are not intended to be quoted, suggesting they are likely tied to internal purposes such as incentive or compensation arrangements rather than a capital-raising, with only a minimal impact on the company’s overall capital structure.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$41.70 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries will close manufacturing facilities in Fontana, California, and Summerville, South Carolina, within 60 days as part of a broader effort to optimize its manufacturing footprint under the Hardie Operating System. The company will shift roughly 6% of its North American production volume from these sites to more modern plants, retain the Fontana site’s innovation and R&D functions, and expects the changes to deliver about $25 million in annualized cost savings from the first quarter of fiscal 2027, offset by one-time pre-tax charges of $40 million to $44 million mainly tied to severance, transition and facility exit costs, while reaffirming its earnings guidance for the third quarter and full fiscal year 2026.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$42.20 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has notified the market of the issue of 113,441 unquoted ordinary shares under the ASX code JHXAM, with an issue date of 5 January 2026. The additional equity, which is not intended to be quoted on the ASX, reflects ongoing capital management and equity issuance arrangements that may relate to employee or incentive programs, and slightly expands the company’s share base without immediate trading impact for ordinary shareholders.
The most recent analyst rating on (AU:JHX) stock is a Hold with a A$33.00 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has issued 220,058 restricted stock units (RSUs) under its employee incentive scheme, with the units recorded as unquoted securities on the ASX and subject to transfer restrictions until vesting conditions are met. The move underscores the company’s ongoing use of equity incentives as a tool for talent retention and alignment of employee and shareholder interests, but does not alter its capital structure in a way that suggests an immediate strategic shift or operational change for stakeholders.
The most recent analyst rating on (AU:JHX) stock is a Hold with a A$33.00 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has disclosed a change in the shareholding of director Jesse Singh, who disposed of 56,993 ordinary shares on 2 January 2026 for approximately USD 1.19 million, reducing his direct holding from 258,592 to 201,599 shares while leaving his indirect trust-held interests unchanged. The disposal was not a discretionary sale but resulted from shares being withheld to satisfy tax obligations tied to the vesting of restricted stock units, underscoring the impact of equity-based compensation and associated tax treatments on reported director shareholdings rather than indicating a shift in strategic or personal investment stance toward the company.
The most recent analyst rating on (AU:JHX) stock is a Hold with a A$33.00 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has reported that the number of CHESS Depositary Interests (CDIs) on issue for December 2025 remained unchanged at 430,398,404, with a 1:1 ratio to the underlying securities. The company also confirmed that the totals for its ordinary shares, restricted stock units and options over shares were unchanged from the previous month, indicating a stable capital structure with no new equity issuance or dilution for existing security holders during the period.
The most recent analyst rating on (AU:JHX) stock is a Hold with a A$33.00 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has notified the market of the issue of 212,314 unquoted ordinary shares under the ASX code JHXAM, with an issue date of 16 December 2025. The additional unquoted equity, issued under previously announced arrangements, modestly expands the company’s capital base and may relate to incentive or other corporate schemes, underscoring ongoing use of equity-based instruments in its capital management and employee or stakeholder alignment strategies.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$41.70 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has reported a change in director Gary Hendrickson’s shareholding following the issuance of 4,599 ordinary shares to him under the company’s 2020 Non-Executive Director Equity Plan. The transaction, valued at US$86,441.88, increases Hendrickson’s direct holding to 217,568 ordinary shares while his indirect holding remains unchanged at 192,878 ordinary shares, underscoring the company’s continued use of equity-based compensation to align non-executive director interests with those of shareholders.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$41.70 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has reported a change in director Jesse Singh’s holdings, with the non-executive director receiving 1,652 additional ordinary shares on 15 December 2025 under the company’s 2020 Non-Executive Director Equity Plan. Following this issuance, Singh’s direct interest in James Hardie rose to 258,592 ordinary shares, while his indirect interests held via various family trusts remain unchanged, signaling continued alignment of board compensation with shareholder interests without any on-market trading activity.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$41.70 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has disclosed a change in the shareholding of director John C. Pfeifer, who received 780 additional ordinary shares on 15 December 2025 under the company’s 2020 Non-Executive Director Equity Plan. The issuance, valued at about US$14,367.60, increases Pfeifer’s direct holding to 3,709 ordinary shares and reflects ongoing alignment of non-executive director compensation with shareholder interests, with the company confirming there was no trading during a closed period and no change in any related contracts.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$41.70 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has disclosed a change in the equity holdings of non-executive director Renee Peterson, who received an issuance of 2,332 ordinary shares on 15 December 2025 under the company’s 2020 Non-Executive Director Equity Plan, increasing her direct holding from 12,502 to 14,834 ordinary shares. The transaction, valued at US$42,955.44, reflects James Hardie’s ongoing use of equity-based compensation to align board members’ interests with shareholders, reinforcing governance practices without involving any share disposals or changes in contractual interests, and occurring outside any closed trading period.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$41.70 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has disclosed a change in director Suzanne B. Rowland’s shareholding, reflecting the issuance of 777 ordinary shares to her under the company’s 2020 Non-Executive Director Equity Plan. Following this equity-based grant, Rowland’s direct holding has increased to 5,886 ordinary shares, while her indirect beneficial interest via Cede & Co. remains at 5,770 shares, underscoring the company’s continued use of share-based compensation to align non-executive director incentives with shareholder interests.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$41.70 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has disclosed a change in the equity holdings of non-executive director Nigel Stein, who received 998 additional ordinary shares on 15 December 2025 under the company’s 2020 Non-Executive Director Equity Plan. Following this issuance, Stein’s direct holding increased to 8,540 ordinary shares, while his indirect holding remains at 30,400 shares held via Evelyn Partners Investment Services Limited, underscoring ongoing use of equity-based compensation to align director interests with shareholder value.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$41.70 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has disclosed a change in director Persio V. Lisboa’s holdings, following the issue of additional ordinary shares under the company’s 2020 Non-Executive Director Equity Plan. Lisboa acquired 1,004 ordinary shares on 15 December 2025, increasing his direct holding to 12,270 ordinary shares, while his indirect holding remains at 17,259 ordinary shares, with no related contracts affected and no trading during a closed period.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$41.70 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has notified the market of the issue of 15,525 ordinary shares on 15 December 2025 under an unquoted employee incentive scheme. The modest-sized issuance, which will not be quoted on the ASX, reflects the company’s ongoing use of equity-based compensation to align employee interests with shareholder value without materially altering its overall capital structure.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$41.70 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has notified the market of the issuance of 48,957 unquoted ordinary shares under the ASX code JHXAM, dated 15 December 2025. The new securities, which were previously flagged to the market and are not intended to be quoted on the ASX, form part of the company’s ongoing equity arrangements and slightly expand its capital base without immediate implications for public trading liquidity.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$41.70 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries PLC announced the application for the quotation of 314,135 CHESS Depositary Interests on the Australian Securities Exchange. This move is part of an employee incentive scheme and reflects the company’s ongoing efforts to enhance its market presence and incentivize its workforce.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$41.70 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries PLC has announced the issuance of 467,137 restricted stock units under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions, reflecting the company’s strategy to incentivize its workforce and align employee interests with corporate goals, potentially impacting its operational efficiency and market positioning.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$41.70 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries announced the redemption of its €400 million Senior Notes due 2026, effectively removing them from being outstanding and ceasing interest accrual. This move, executed through Deutsche Bank Trust & Agency Operations, reflects the company’s strategic financial management and could impact its financial positioning and stakeholder interests.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$35.50 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries PLC announced the issuance of 163,429 restricted stock units under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions, reflecting the company’s strategy to incentivize and retain talent, potentially impacting its operational efficiency and market competitiveness.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$35.50 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has announced a change in the director’s interest notice involving Gary Hendrickson. The change involves a transfer of 47,196 ordinary shares from Hendrickson’s direct holdings to the Hendrickson Family Trust, where his spouse serves as trustee. This adjustment reflects a strategic reallocation of assets within the director’s personal financial management, potentially impacting the family’s investment strategy.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$35.50 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.
James Hardie Industries has announced a change in the director’s interest, specifically involving Jesse Singh. The notice details the acquisition and disposal of ordinary shares held directly and indirectly through various trusts associated with Singh. This change reflects a significant financial transaction valued at approximately USD $7.24 million, potentially impacting the company’s stock ownership structure and signaling strategic financial management by its leadership.
The most recent analyst rating on (AU:JHX) stock is a Buy with a A$35.50 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.