Eagle Materials (EXP) AI Stock Analysis

• Market Cap: $6.99B
• Dividend Yield: 0.47%
• Average Volume (3M): 453.30K
• Price to Earnings (P/E): 15.6
• Beta (1Y): 1.35
• Revenue Growth: 0.05%
• EPS Growth: 0.96%
• Country: US
• Employees: 2,500
• Sector: Basic Materials
• Sector Strength: 71
• Industry: Construction Materials
• EPS (TTM): 2.08
• Shares Outstanding: 32,630,880
• 10 Day Avg. Volume: 459,413
• 30 Day Avg. Volume: 453,296
• PEG Ratio: -7.71
• Price to Book (P/B): 4.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 18.91
• Enterprise Value/Market Cap: 1.14
• Enterprise Value/Revenue: 0.88
• Enterprise Value/Gross Profit: 11.79
• Enterprise Value/Ebitda: 2.52
• 1Y Price Target: $237.57
• Price Target Upside: 10.92% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 76 Outperform
• Price Target: ―

Eagle Materials maintains a solid overall performance driven by strong financial health and strategic investments. While technical indicators suggest caution, the company's valuation and corporate initiatives provide a positive outlook. The earnings call reinforces confidence in future growth despite recent challenges.

Positive Factors

Cost Management

EXP has been insulated from the dynamic of rising syn gyp costs, as it is almost solely reliant on natural gypsum.

Tariffs Impact

Tariffs could be a net positive for wallboard and cement.

Negative Factors

Seasonal Risks

There are some near-term risks due to a cold winter raising natural gas pricing and potential impacts on volume.

Weather Impact

Harsh weather has affected cement shipments.

Eagle Materials Business Overview & Revenue Model

Company Description

Eagle Materials Inc., through its subsidiaries, produces and supplies heavy construction materials and light building materials in the United States. It operates through Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard segments. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures. It also manufactures and sells recycled paperboard to gypsum wallboard industry and other paperboard converters, as well as containerboard and lightweight packaging grades. In addition, the company engages in the sale of ready-mix concrete; and mining, extracting, production, and sale of aggregates, including crushed stones, sand, and gravel. Its products are used in commercial and residential construction; public construction projects; and projects to build, expand, and repair roads and highways. The company was formerly known as Centex Construction Products, Inc. and changed its name to Eagle Materials, Inc. in January 2004. Eagle Materials Inc. was founded in 1963 and is headquartered in Dallas, Texas.

How the Company Makes Money

Eagle Materials makes money through the production and sale of construction materials that are essential for infrastructure and building projects. Its Heavy Materials sector generates revenue by producing and selling cement, concrete, and aggregates, which are critical components for construction projects. The company operates cement plants and distribution terminals strategically located across the U.S., ensuring a steady supply to its clients. The Light Materials sector contributes to revenue through the manufacture and sale of gypsum wallboard and recycled paperboard. Gypsum wallboard is widely used in the construction of interior walls and ceilings, while recycled paperboard is utilized in the production of gypsum wallboard and other products. Eagle Materials benefits from long-term business relationships and distribution agreements that ensure a stable demand for its products. Additionally, the company’s strategic geographic footprint allows it to efficiently serve key markets, optimizing logistics and reducing transportation costs.

Eagle Materials Financial Statement Overview

Summary

Eagle Materials exhibits strong financial health, with consistent revenue growth and robust profitability. The company has managed its balance sheet well, maintaining stable leverage. However, slight margin compression and increasing debt levels warrant monitoring.

Income Statement

Eagle Materials demonstrates strong financial performance with consistent revenue growth. The revenue grew from $1.45 billion in 2020 to $2.26 billion in 2025, reflecting a solid growth trajectory. The company maintains healthy gross and net profit margins, with 2025 showing a gross profit margin of 29.8% and a net profit margin of 20.5%. However, there was a slight decline in EBIT and EBITDA margins in 2025 compared to 2024, which warrants monitoring.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.88 in 2025, indicating moderate leverage. The equity ratio is 44.6%, suggesting a strong equity base relative to total assets. Return on Equity (ROE) remains robust at 31.8% in 2025, showcasing effective profit generation on shareholder equity. However, slightly increasing debt levels could pose a risk if not managed properly.

Cash Flow

Cash flow analysis reveals a healthy operating cash flow to net income ratio of 1.18 in 2025, indicating efficient cash generation relative to net income. Free cash flow growth has been inconsistent, with a decrease from 2024 to 2025. The free cash flow to net income ratio is 0.76, reflecting a reasonable conversion of earnings into free cash flow, although it shows room for improvement.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	2.26B	2.26B	2.15B	1.86B	1.62B
Gross Profit	673.14M	685.32M	639.27M	519.61M	408.36M
EBITDA	792.63M	811.07M	724.19M	601.62M	597.68M
Net Income	463.42M	477.64M	461.54M	374.25M	339.44M
Balance Sheet
Total Assets	3.26B	2.95B	2.78B	2.58B	2.84B
Cash, Cash Equivalents and Short-Term Investments	20.40M	34.92M	15.24M	19.42M	263.52M
Total Debt	1.28B	1.12B	1.10B	974.60M	1.01B
Total Liabilities	1.81B	1.64B	1.60B	1.45B	1.48B
Stockholders Equity	1.46B	1.31B	1.19B	1.13B	1.36B
Cash Flow
Free Cash Flow	353.27M	443.63M	431.58M	443.05M	589.14M
Operating Cash Flow	548.55M	563.94M	541.73M	517.17M	643.07M
Investing Cash Flow	-370.13M	-175.36M	-268.59M	-74.12M	37.09M
Financing Cash Flow	-192.94M	-368.90M	-277.31M	-692.15M	-530.29M

Eagle Materials Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 214.18
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EXP, the sentiment is Neutral. The current price of 214.18 is above the 20-day moving average (MA) of 202.02, above the 50-day MA of 213.81, and below the 200-day MA of 248.57, indicating a neutral trend. The MACD of -0.41 indicates Negative momentum. The RSI at 58.37 is Neutral, neither overbought nor oversold. The STOCH value of 88.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for EXP.

Eagle Materials Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VMC	78 Outperform	$35.17B	37.75	12.10%	0.74%	-2.24%	3.00%
EXP	76 Outperform	$6.99B	15.55	33.52%	0.47%	0.05%	0.96%
JHX	72 Outperform	$12.05B	27.52	21.05%	―	-1.59%	-15.58%
CX	71 Outperform	$10.97B	7.49	6.58%	1.24%	-8.41%	570.14%
CX	71 Outperform	$10.97B	7.49	6.58%	1.24%	-8.41%	570.14%
MLM	70 Outperform	$33.63B	32.08	11.88%	0.57%	-0.54%	-48.61%
KNF	68 Neutral	$4.57B	25.41	13.76%	―	2.48%	2.22%
Sector *	62 Neutral	$10.27B	9.83	-0.18%	2.87%	2.21%	-32.50%

Eagle Materials Corporate Events

Eagle Materials Approves Long-Term Incentive Equity Awards

On May 22, 2025, Eagle Materials Inc.’s Compensation Committee approved long-term incentive equity awards for its officers under the 2023 Equity Incentive Plan. These awards include performance-vesting and time-vesting stock options and restricted stock units, with vesting criteria linked to the company’s financial performance over a three-year period. The initiative aims to align executive incentives with shareholder interests, potentially impacting the company’s operational focus and market positioning.

The most recent analyst rating on (EXP) stock is a Hold with a $280.00 price target. To see the full list of analyst forecasts on Eagle Materials stock, see the EXP Stock Forecast page.

Eagle Materials Board Member Announces Retirement

On May 16, 2025, David B. Powers announced his retirement from the Board of Eagle Materials Inc., effective at the end of his term during the 2025 annual meeting of stockholders, with no disagreements cited regarding company operations. Additionally, the Compensation Committee approved several incentive compensation programs for fiscal year 2026, including a salaried incentive plan and divisional plans for American Gypsum and Cement Companies, which are tied to operating earnings and EBITDA performance. These plans aim to align executive and divisional performance with company goals, potentially impacting stakeholder interests by incentivizing performance-based rewards.

The most recent analyst rating on (EXP) stock is a Hold with a $280.00 price target. To see the full list of analyst forecasts on Eagle Materials stock, see the EXP Stock Forecast page.

Eagle Materials Announces $330M Plant Expansion Plan

Eagle Materials Inc. announced plans to modernize and expand its gypsum wallboard plant in Duke, Oklahoma, with a $330 million investment. This project, expected to start construction immediately and complete by the second half of 2027, will increase the plant’s capacity by 25% and reduce operating costs by nearly 20%, enhancing Eagle’s position in high-growth markets and as a low-cost producer.

The most recent analyst rating on (EXP) stock is a Hold with a $280.00 price target. To see the full list of analyst forecasts on Eagle Materials stock, see the EXP Stock Forecast page.

Eagle Materials Appoints David Rush to Board

On May 15, 2025, Eagle Materials Inc. announced the appointment of David Rush to its Board of Directors. Mr. Rush, who recently retired as CEO of Builders FirstSource, brings nearly 30 years of experience in the building products industry. His expertise in strategy, business integration, and operational finance is expected to benefit Eagle Materials and its shareholders significantly.

The most recent analyst rating on (EXP) stock is a Hold with a $280.00 price target. To see the full list of analyst forecasts on Eagle Materials stock, see the EXP Stock Forecast page.