JHX Basic Materials

James Hardie Industries plc

$27.26-1.98%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Basic Materials
Industry: Building Materials
Country: Ireland
Market cap: 15.8B USD
Enterprise value: 19.0B USD
Full-time employees: 7,500

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.04 vs a peer median of 0.69) and more debt relative to equity (0.65× vs a peer median of 0.36×)higher risk: bigger price swings (beta 1.04 vs peers 0.69) and more debt vs equity (0.65× vs peers 0.36×)
About average: profitability and growth

Ranks #854 of 1,217 basic materials companies (bottom 30%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 31% from March 2023 to July 2026.
James Hardie Industries had 31% more shares at July 2026 than at March 2023, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.James Hardie Industries had 31% more shares at July 2026 than at March 2023, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Operating margin at a 6-year low. 9.3% in FY Mar 2026, the weakest of the last 6 years.
James Hardie Industries's operating margin fell to 9.3% in FY Mar 2026, its lowest in the 6 years of filings we have.
Borrowing rising faster than profit. Since FY Mar 2023: debt +328%, operating profit −40%.
James Hardie Industries's debt grew 328% since FY Mar 2023 while operating profit changed −40%.
Sales growing faster than profits. Since FY Mar 2023: revenue +28%, operating profit −40%.
Since FY Mar 2023, James Hardie Industries's revenue changed +28% while operating profit fell 40%: costs rose faster than sales.

StockQuotient Score

40/ 100

Oct 5 41 → Nov 4 40 (-1)

Valuation

Is the price right?

35/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield0.9%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.75Sector median: 0.0364 · MAD: 0.0364

EBITDA yield5.7%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.54Sector median: 0.0854 · MAD: 0.0520

Free cash flow yield2.3%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.14Sector median: 0.0261 · MAD: 0.0261

Other data (not scored)

Book yield41.3%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5947 · MAD: 0.3137

Growth

Is it growing?

58/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 11.9%

Why

Mixed versus peers:

▲ Revenue growth
▲ 3-yr revenue
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-80.6%

Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Mar 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -2.50Sector median: 0.0941 · MAD: 0.3300

3-year revenue growth8.6%

Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Mar 2026Reported value33% base weight · Z-score 1.19Sector median: -0.0005 · MAD: 0.0725

Revenue growth24.7%

Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Mar 2026Reported value33% base weight · Z-score 2.24Sector median: 0.0335 · MAD: 0.0952

Profitability

Does it earn well?

41/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Held back by:

▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin9.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.35Sector median: 0.0757 · MAD: 0.0617

Return on assets1.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.53Sector median: 0.0249 · MAD: 0.0265

Return on invested capital4.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.49Sector median: 0.0675 · MAD: 0.0575

Other data (not scored)

Gross margin35.9%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.2138 · MAD: 0.1202

Return on equity2.2%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0537 · MAD: 0.0694

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.04

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.23Sector median: 0.6950 · MAD: 0.2810

Current ratio1.59×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.26Sector median: 1.7610 · MAD: 0.6770

Debt / equity0.65×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.01Sector median: 0.3578 · MAD: 0.2929

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about James Hardie Industries

Is James Hardie Industries getting weaker?: Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is unchanged at 40/100 since Oct 28, 2026.
How is James Hardie Industries valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 35/100 against 1,371 basic materials peers. Earnings yield 0.9% vs a peer median of 3.6% (weaker than 70% of peers).Earnings yield 0.9% vs peers 3.6% (weaker than 70% of peers).
Is James Hardie Industries growing?: At about the same pace as its peers. Growth scores 58/100 against 1,371 basic materials peers. Revenue growth 24.7% vs a peer median of 3.4% (stronger than 86% of peers).Revenue growth 24.7% vs peers 3.4% (stronger than 86% of peers). Earnings per share growth -80.6% vs a peer median of 9.4% (weaker than 100% of peers).Earnings per share growth -80.6% vs peers 9.4% (weaker than 100% of peers).
How profitable is James Hardie Industries?: About as profitable as its peers. Profitability scores 41/100 against 1,371 basic materials peers. Return on assets 1.1% vs a peer median of 2.5% (weaker than 66% of peers).Return on assets 1.1% vs peers 2.5% (weaker than 66% of peers).
How risky is James Hardie Industries?: Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Beta 1.04 vs a peer median of 0.69 (weaker than 75% of peers).Beta 1.04 vs peers 0.69 (weaker than 75% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	4.8B USD	5.4B USD	+11.9%
Net income (12 months)	104.0M USD	145.7M USD	+40.1%
Operating margin	9.3%	9.7%	+0.5 pts
Free cash flow (12 months)	205.9M USD	356.4M USD	+73.1%
Debt	4.5B USD	4.3B USD	−5.7%
Cash	269.2M USD	289.9M USD	+7.7%
Shares outstanding	580.3M	580.5M	+0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Mar 2022	FY Mar 2023	FY Mar 2024	FY Mar 2025	FY Mar 2026	Change
Gross margin	36.3%	34.7%	40.4%	38.8%	35.8%	▼ 3.0 pts
Operating margin	18.9%	19.6%	19.5%	16.9%	9.3%	▼ 7.7 pts
Net margin	12.7%	13.6%	13.0%	10.9%	2.2%	▼ 8.8 pts
Return on assets (ROA)	10.8%	11.4%	10.4%	8.1%	0.8%	▼ 7.3 pts
Return on equity (ROE)	34.4%	31.8%	27.4%	19.6%	1.6%	▼ 18 pts
Free cash flow margin	13.8%	0.4%	11.8%	9.8%	4.3%	▼ 5.6 pts
Current ratio	1.46×	1.54×	1.79×	2.10×	1.58×	▼ 25%
Quick ratio	1.10×	1.05×	1.37×	1.67×	1.03×	▼ 38%
Debt to equity	0.66×	0.66×	0.60×	0.52×	0.71×	▲ 36%
Interest coverage	17.37×	24.15×	50.16×	63.68×	1.94×	▼ 97%

JHX price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.04 vs a peer median of 0.69) and more debt relative to equity (0.65× vs a peer median of 0.36×)higher risk: bigger price swings (beta 1.04 vs peers 0.69) and more debt vs equity (0.65× vs peers 0.36×)

About average: profitability and growth

Ranks #854 of 1,217 basic materials companies (bottom 30%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 31% from March 2023 to July 2026.

James Hardie Industries had 31% more shares at July 2026 than at March 2023, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.James Hardie Industries had 31% more shares at July 2026 than at March 2023, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Operating margin at a 6-year low. 9.3% in FY Mar 2026, the weakest of the last 6 years.

James Hardie Industries's operating margin fell to 9.3% in FY Mar 2026, its lowest in the 6 years of filings we have.

Borrowing rising faster than profit. Since FY Mar 2023: debt +328%, operating profit −40%.

James Hardie Industries's debt grew 328% since FY Mar 2023 while operating profit changed −40%.

Sales growing faster than profits. Since FY Mar 2023: revenue +28%, operating profit −40%.

Since FY Mar 2023, James Hardie Industries's revenue changed +28% while operating profit fell 40%: costs rose faster than sales.

Questions investors ask about James Hardie Industries

Is James Hardie Industries getting weaker?

Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is unchanged at 40/100 since Oct 28, 2026.

How is James Hardie Industries valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 35/100 against 1,371 basic materials peers. Earnings yield 0.9% vs a peer median of 3.6% (weaker than 70% of peers).Earnings yield 0.9% vs peers 3.6% (weaker than 70% of peers).

Is James Hardie Industries growing?

At about the same pace as its peers. Growth scores 58/100 against 1,371 basic materials peers. Revenue growth 24.7% vs a peer median of 3.4% (stronger than 86% of peers).Revenue growth 24.7% vs peers 3.4% (stronger than 86% of peers). Earnings per share growth -80.6% vs a peer median of 9.4% (weaker than 100% of peers).Earnings per share growth -80.6% vs peers 9.4% (weaker than 100% of peers).

How profitable is James Hardie Industries?

About as profitable as its peers. Profitability scores 41/100 against 1,371 basic materials peers. Return on assets 1.1% vs a peer median of 2.5% (weaker than 66% of peers).Return on assets 1.1% vs peers 2.5% (weaker than 66% of peers).

How risky is James Hardie Industries?

Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Beta 1.04 vs a peer median of 0.69 (weaker than 75% of peers).Beta 1.04 vs peers 0.69 (weaker than 75% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

4.8B USD

5.4B USD

+11.9%

Net income (12 months)

104.0M USD

145.7M USD

+40.1%

Operating margin

9.3%

9.7%

+0.5 pts

Free cash flow (12 months)

205.9M USD

356.4M USD

+73.1%

Debt

4.5B USD

4.3B USD

−5.7%

Cash

269.2M USD

289.9M USD

+7.7%

Shares outstanding

580.3M

580.5M

+0.0%

Key ratios

FY Mar 2022

FY Mar 2023

FY Mar 2024

FY Mar 2025

FY Mar 2026

Change

Gross margin

36.3%

34.7%

40.4%

38.8%

35.8%

▼ 3.0 pts

Operating margin

18.9%

19.6%

19.5%

16.9%

9.3%

▼ 7.7 pts

Net margin

12.7%

13.6%

13.0%

10.9%

2.2%

▼ 8.8 pts

Return on assets (ROA)

10.8%

11.4%

10.4%

8.1%

0.8%

▼ 7.3 pts

Return on equity (ROE)

34.4%

31.8%

27.4%

19.6%

1.6%

▼ 18 pts

Free cash flow margin

13.8%

0.4%

11.8%

9.8%

4.3%

▼ 5.6 pts

Current ratio

1.46×

1.54×

1.79×

2.10×

1.58×

▼ 25%

Quick ratio

1.10×

1.05×

1.37×

1.67×

1.03×

▼ 38%

Debt to equity

0.66×

0.60×

0.52×

0.71×

▲ 36%

Interest coverage

17.37×

24.15×

50.16×

63.68×

1.94×

▼ 97%