Eagle Materials 2026 Outlook | Profits, Share Price & Analysis

Eagle Materials

NYSE:EXP

$ 222,76

$-0,19 (-0,09%)

222,76 $

$-0,19 (-0,09%)

End-of-day quote: 12/16/2025

Eagle Materials Stock Value

Analysts currently see NYSE:EXP at the level of Hold.

Hold

Eagle Materials Company Info

EPS Growth 5Y

20,14%

Market Cap

$7,14 B

Long-Term Debt

$1,08 B

Short Interest

2,49%

Quarterly earnings

01/28/2026

Dividend

$1,00

Dividend Yield

0,45%

Founded

1963

Industry

Materials

Country

United States

ISIN Number

US26969P1084

Website

https://www.eaglematerials.com

Analyst Price Target

$240,00

7.74%

Last Update: 12/17/2025

Analysts: 10

Highest Price Target $280,00

Average Price Target $240,00

Lowest Price Target $225,00

In the last five quarters, Eagle Materials’s Price Target has fallen from $315,39 to $279,18 - a -11,48% decrease. Eleven analysts predict that Eagle Materials’s share price will increase in the coming year, reaching $240,00. This would represent an increase of 7,74%.

Top growth stocks in the materials sector (5Y.)

What does Eagle Materials do?

Eagle Materials Inc., through its subsidiaries, manufactures heavy construction products and light building materials in the U.S. The company's primary products, Portland Cement and Gypsum Wallboard, are essential for building, expanding, and repairing roads, highways, and residential, commercial, and industrial structures across America. Demand for the company's products is generally cyclical and seasonal, depending on economic and geographic conditions. Strategy The key elements of the comp...

Eagle Materials Inc., through its subsidiaries, manufactures heavy construction products and light building materials in the U.S.

The company's primary products, Portland Cement and Gypsum Wallboard, are essential for building, expanding, and repairing roads, highways, and residential, commercial, and industrial structures across America. Demand for the company's products is generally cyclical and seasonal, depending on economic and geographic conditions.

Strategy

The key elements of the company's strategy are to continuously innovate; operate in regionally diverse and attractive markets; and achieve profitable growth through acquisition and organic development.

Purchase of Aggregates Companies in Northern Kentucky and Western Pennsylvania

In August 2024, the company completed the acquisition of an aggregates operation in Battletown, Kentucky (the Northern Kentucky Acquisition). The Northern Kentucky Acquisition is included in the company's Heavy Materials sector, in the Concrete and Aggregates business segment in fiscal 2025.

In January 2025, the company acquired Bullskin Stone and Lime, LLC, an aggregates business located in Western Pennsylvania (the Western Pennsylvania Acquisition). The Western Pennsylvania Acquisition serves the Pittsburgh and broader Western Pennsylvania markets. The Western Pennsylvania Acquisition is included in the company's Heavy Materials sector, and its results are included in the Concrete and Aggregates business segment in fiscal 2025.

Industry Segment Information

The company's business is organized into two sectors: Heavy Materials, which includes the Cement and Concrete and Aggregates segments; and Light Materials, which includes the Gypsum Wallboard and Recycled Paperboard segments. The primary end market for the company's Cement and Concrete and Aggregates segments is infrastructure. The primary end market for the company's Gypsum Wallboard and Recycled Paperboard segments is residential construction.

Heavy Materials

The company's Heavy Materials sector provides cement, concrete, and aggregates for use in public infrastructure, private nonresidential, and residential construction. This sector comprises the Cement and Concrete and Aggregates segments.

CEMENT

Cement is the basic binding agent for concrete, a primary construction material. Cement consumption is affected by the time of year and prevalent weather conditions. Cement sales are generally greatest from spring through the middle of autumn.

The company also produces and markets other cementitious products, including slag cement and fly ash. Slag granules are obtained from steel companies and ground in its grinding facilities in Illinois and Texas. Slag is used in concrete mix designs to improve the durability of concrete and reduce future maintenance costs. Fly ash is a by-product of coal-fired power plants and acts as an extender of cement in concrete.

Limestone Mining Operations

The company mines primarily limestone at its quarry operations serving each of its cement plants. The limestone mined at the company's quarries is then converted to cement. Each of the company's cement plants has its own dedicated limestone quarries, all of which have adequate access to highways and/or waterways.

Cement Plants

The company operates eight modern cement plants, and two slag grinding facilities (one cement plant and one slag grinding facility are operated through a joint venture). The company's clinker capacity is approximately 6.7 million tons, which is approximately 6% of total U.S. clinker capacity. Clinker is the intermediary product before it is ground into cement powder. All of the company's cement plants use dry-process technology, and approximately 80% of its clinker capacity is produced from preheater or preheater/pre-calciner kilns, which are generally more energy-efficient kiln types. In addition to production facilities, the company also operates over 30 cement storage and distribution terminals.

The company's cement companies focus on the U.S. heartland and operate as an integrated network selling products mainly in Colorado, Illinois, Kansas, Kentucky, Indiana, Iowa, Missouri, Nebraska, Nevada, Ohio, Oklahoma, Tennessee, and Texas. The company's Joint Venture includes a minority interest in an import terminal in Houston, Texas, from which it can purchase up to 495,000 tons of cement annually.

All of the company's cement subsidiaries are wholly owned except the Buda, Texas plant, which is owned by Texas Lehigh Cement Company LP, a limited partnership joint venture owned 50% by the company, and 50% by HM Southeast Cement LLC, a subsidiary of Heidelberg Materials (the company's Joint Venture Partner).

On May 1, 2024, the company and its Joint Venture Partner entered into a put option agreement (Put Option Agreement) that provides for the grant of reciprocal put options by the parties with respect to their 50% partnership interests in the Joint Venture.

The company's cement production, including its 50% share of the cement Joint Venture production, totaled 6.0 million short tons for fiscal 2025. Total net Cement sales, including the company's 50% share of cement sales from the Joint Venture, were 6.9 million short tons in fiscal 2025. Total net Cement sales exceed production primarily because of imports through the Houston and Stockton import terminals.

Sales, and Distribution

Cement and slag are distributed directly to the company's customers mostly through customer pickups and by common carriers from its plants or distribution terminals. The company transports cement and slag by truck, barge, and rail to its storage and distribution terminals.

Environmental Matters

The company's cement operations are subject to numerous federal, state, and local laws and regulations pertaining to health, safety, and the environment. Some of these laws, such as the federal Clean Air Act (CAA) and the federal Clean Water Act (CWA) (and analogous state laws), impose environmental-permitting requirements and govern the nature and amount of emissions that may be generated when conducting particular operations. Other laws, such as the federal Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) (and analogous state laws), impose obligations to clean up or remediate spills of hazardous materials into the environment. Other laws require the company to reclaim certain land upon completion of extraction and mining operations in its quarries.

In addition, in February 2023, the EPA published a final rule disapproving the State Implementation Plans (SIP) for twenty-one states, which addressed each state's obligations to eliminate significant contributions to nonattainment, or interference with maintenance, of the 2015 ozone NAAQS in other states (interstate transport requirements). States subject to a SIP Disapproval under this final action relevant to the company's cement operations include Illinois, Kentucky, Missouri, Nevada, Ohio, Oklahoma, and Texas.

States subject to the Federal Implementation Plan (FIP) relevant to the company's cement operations include Illinois, Kentucky, Missouri, Nevada, Ohio, Oklahoma, and Texas. The company's facilities most directly affected by the U.S. Environmental Protection Agency (EPA)'s State Implementation Plan (SIP) disapprovals and Good Neighbor FIP are its cement plants located in Nevada, Oklahoma, and Texas.

Concrete and Aggregates

The aggregates business consists of mining, extracting, producing, and selling crushed stone, sand, and gravel. Aggregates are a granular material consisting of crushed stone, sand, and gravel, manufactured to specific sizes, grades, and chemistry for use primarily in construction applications.

Readymix concrete is a versatile, low-cost building material used in almost all construction. The production of readymix concrete involves mixing cement, sand, gravel or crushed stone, and water to form concrete, which is then sold and distributed to numerous construction contractors. Concrete is produced in batch plants and transported to customers' job sites in mixer trucks.

During fiscal 2025, the company acquired an aggregate operation in Northern Kentucky near the company's Battletown Materials plant, as well as an aggregate operation in Western Pennsylvania.

Aggregate Mining Operations

The company's total net Aggregates sales (excluding intercompany tons sold) were 3.8 million tons in fiscal 2025. Total Aggregates production related to third-party sales was 4.2 million tons in fiscal 2025. A portion of the company's total Aggregates production is used internally by its readymix Concrete operations in Texas, northern Colorado, and northern Nevada, as well as by its Cement operations in Northern Kentucky.

Concrete Plants

The company produces and distributes readymix concrete from company-owned sites in central Texas, the greater Kansas City area, northern Colorado, and northern Nevada.

Sales, and Distribution

Demand for readymix concrete and aggregates largely depends on local levels of construction activity. Construction activity is subject to weather conditions, the availability of financing at reasonable rates, and overall fluctuations in local economies, and therefore tends to be cyclical. The company sells readymix concrete to numerous contractors and other customers in each plant's marketing area. The company's batch plants in central Texas, the greater Kansas City area, northern Colorado, and northern Nevada are strategically located to serve each marketing area. Concrete is delivered from the batch plants primarily by company-owned trucks. The company sells aggregates to building contractors and other customers engaged in a wide variety of construction activities. Aggregates are distributed from the company's plants by common carriers and customer pickup.

Light Materials

The company's Light Materials sector comprises the Gypsum Wallboard segment, which produces gypsum wallboard used in residential and private nonresidential construction and repair and remodel activities, and the Recycled Paperboard segment, which produces paper primarily used in the manufacture of gypsum wallboard. Operations in this sector are concentrated in the Sun Belt of the United States, which the company defines as the lower half of the United States.

Gypsum Wallboard

Gypsum wallboard is used to finish the interior walls and ceilings in residential, commercial, and industrial structures. The company's gypsum wallboard products are marketed under the name American Gypsum.

Gypsum Wallboard Plants and Gypsum Mining Operations

The company owns and operates five gypsum wallboard plants. The company anticipates running all its facilities at the level required to meet customer demand, up to maximum capacity. The company's gypsum wallboard is distributed in the geographic markets nearest to its production facilities.

Four of the company's five gypsum wallboard plants are supplied with natural gypsum from its nearby gypsum quarries, while its wallboard plant in South Carolina is supplied with gypsum under a long-term supply contract with a third party. The company's Gypsum Wallboard production totaled 3,022 MMSF in fiscal 2025. Total Gypsum Wallboard sales were 2,968 MMSF in fiscal 2025.

Sales, and Distribution

The company sells gypsum wallboard to numerous building-materials dealers, gypsum wallboard specialty distributors, lumber yards, home-center chains, and other customers located throughout the United States, with the exception of the Northeast. Four customers collectively accounted for approximately 60% of the company's Gypsum Wallboard segment sales during fiscal 2025. The company's rail distribution capabilities permit it to service customers in markets on both the east and west coasts, except for the Northeast. Less than 5% of the company's Wallboard volume sold during fiscal 2025 was delivered via rail.

The company estimates that the four largest producers - Knauf, National Gypsum Company, CertainTeed, and Koch Industries - account for approximately 85% of gypsum wallboard sales in the U.S. Total wallboard-rated production capacity in the United States is currently estimated by the Gypsum Association at approximately 33.3 billion square feet per year.

Recycled Paperboard

The company's Recycled Paperboard manufacturing operation, which it refers to as Republic Paperboard Company, is located in Lawton, Oklahoma, and has a technologically advanced paper machine designed primarily for gypsum liner production utilizing 100% recycled paper. The company estimates the annual capacity of its paper mill to be approximately 380,000 tons. The company's paper machine allows the Recycled Paperboard operation to manufacture high-strength gypsum liner that is approximately 10% to 15% lighter in basis weight than what is generally available in the U.S.

Sales, and Distribution

The company's manufactured recycled paperboard products are sold to gypsum wallboard manufacturers and other industrial users. During fiscal 2025, approximately 40% of the recycled paperboard sold by its paper mill was consumed by the company's Gypsum Wallboard manufacturing operations.

History

The company was founded in 1963. The company was incorporated in 1994. The company was formerly known as Centex Construction Products, Inc. and changed its name to Eagle Materials, Inc. in January 2004.

Eagle Materials Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Industry Revenues: Cement: 50% Concrete and Aggregates: 30% Building Products: 20% TOP 3 Markets and their Percentage Shares: USA: 70% Canada: 15% Mexico: 10% Eagle Materials Inc. generates the majority of its revenues from the cement industry, which accounts for about half of the total revenue....

At which locations are the company’s products manufactured?

Production Sites of Eagle Materials Inc.: Eagle Materials Inc. primarily produces its products in the United States. The company operates multiple cement plants, gypsum board plants, and concrete and aggregate facilities. The key production sites include: Cement Plants: Eagle Materials operates cem...

What strategy does Eagle Materials pursue for future growth?

Revenue Growth: Estimated 8-10% annually (2025) Profit Growth: Estimated 7-9% annually (2025) Eagle Materials Inc. pursues a growth strategy based on expanding its production capacities and diversifying its product portfolio. The company continuously invests in modernizing and expanding its producti...

Which raw materials are imported and from which countries?

Main raw materials: Limestone, gypsum, fly ash Countries of origin: USA (predominantly), Canada, Mexico Eagle Materials Inc. is a leading provider of construction materials, especially cement, concrete, and gypsum board. The company sources the majority of its raw materials such as limestone and gyp...

How strong is the company’s competitive advantage?

Market share in the cement industry: 6% (estimated 2025) EBITDA margin: 28% (2024) Return on Equity (ROE): 30% (2024) Eagle Materials Inc. has a significant competitive advantage in the building materials industry, especially in the cement and drywall market. The company benefits from strong vertica...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: approx. 95% (2025, estimated based on historical data) Insider Buys/Sells: No significant transactions in the last quarter (2025, estimated) The institutional investor share at Eagle Materials Inc. is traditionally high, indicating the trust of large investment funds an...

What percentage market share does Eagle Materials have?

Market share of Eagle Materials Inc.: Estimated 5% (2025) Top competitors and their market shares: LafargeHolcim: 15% Cemex: 12% CRH plc: 10% HeidelbergCement: 9% Vulcan Materials Company: 7% Martin Marietta Materials: 6% Eagle Materials Inc.: 5% Buzzi Unicem: 4% Summit Materials: 3% U.S. Concrete:...

Is Eagle Materials stock currently a good investment?

Revenue Growth: 8% (2024) Profit Growth: 10% (2024) Market Share in the Cement Sector: 5% (2024) Eagle Materials Inc. achieved a revenue growth of 8% in 2024, driven by strong demand in the cement and building materials sectors. Profit growth was at 10%, indicating efficient cost controls and operat...

Does Eagle Materials pay a dividend – and how reliable is the payout?

Dividend Yield: 1.1% (2025, estimated) Dividend History: Continuous payout over the last 5 years Eagle Materials Inc. pays a dividend that currently translates to an estimated dividend yield of 1.1% in 2025. The company has been consistently distributing dividends over the past five years, indicat...

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Eagle Materials Stock Value

Eagle Materials Company Info

Analyst Price Target

Top growth stocks in the materials sector (5Y.)

What does Eagle Materials do?

Eagle Materials Questions and Answers

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