James Hardie Industries plc JHX

Industrials SIC 3272 - Concrete Products, Except Block & Brick NAICS Manufacturing › Nonmetallic Mineral Product Manufacturing › Cement and Concrete Product Manufacturing derived NYSE

Except as the context otherwise may require, references in this Annual Report on Form 10-K (this "Annual Report") to "James Hardie," the "James Hardie Group," the "Company," "JHI plc," "we," "our" or "us" refer to James Hardie Industries plc, together with its direct and indirect wholly owned subsidiaries as of the time relevant to the applicable reference.

James Hardie Industries plc is a leading provider of exterior home and outdoor living solutions, serving the new home construction, repair and remodel and outdoor living markets. Our current primary geographic markets include the United States of America ("US," "USA" or the "United States"), Australia and Europe. On July 1, 2025, we completed the acquisition of The AZEK Company Inc. ("AZEK"), an industry-leading designer and manufacturer of low maintenance and environmentally sustainable outdoor living products, which has manufacturing and recycling facilities in the United States.

Last close 26.15 2026-10-23
Market cap $15.18B 2026-06-30 share count
52-week range 16.46 - 31.43

Valuation FY2025 figures against the last close

P/S3.1x
P/E137.6x
P/FCF73.7x
EV/EBITDA20.7x
Dividend yield—
Diluted EPS0.19

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.84B$3.88B$3.94B$3.78B$3.61B$2.91B$2.61B$2.51B$2.05B$1.92B
Cost of revenue $3.11B$2.37B$2.35B$2.47B$2.30B$1.86B$1.67B$1.68B$1.32B$1.25B
Gross profit $1.73B$1.50B$1.59B$1.31B$1.31B$1.05B$933.7M$831.0M$730.2M$674.7M
R&D $60.7M$48.5M$47.0M$39.6M$38.0M$34.3M$32.8M$37.9M$33.3M$30.3M
SG&A $946.4M$596.2M$602.2M$494.0M$461.2M$389.6M$415.8M$403.6M$311.3M$291.6M
Operating income $447.6M$655.9M$767.4M$741.4M$682.6M$472.8M$342.5M$351.6M$229.2M$393.2M
Interest expense $231.1M$10.3M$15.3M$30.7M$39.3M—$57.5M$54.2M$32.9M$28.5M
Pre-tax income $206.7M$645.4M$754.8M$723.5M$643.1M$412.0M$288.0M$300.6M$174.3M$367.0M
Income tax $102.7M$221.4M$244.6M$211.5M$184.0M$149.2M$46.5M$71.8M$28.2M$90.5M
Net income $104.0M$424.0M$510.2M$512.0M$459.1M$262.8M$241.5M$228.8M$146.1M$276.5M
EPS, basic 0.190.981.161.151.030.590.550.520.330.62
EPS, diluted 0.190.981.161.151.030.590.540.520.330.62
Shares, diluted (wtd. avg.) 545.5M432.1M439.6M445.6M445.9M445.4M444.1M443.0M442.3M443.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $269.2M$562.7M$415.8M$185.6M$271.9M$318.4M$185.8M$123.6M$313.2M$78.9M
Inventory $635.7M$347.1M$337.8M$344.2M$279.7M$218.3M$305.1M$317.4M$255.7M$202.9M
Total current assets $1.83B$1.70B$1.43B$1.08B$1.12B$943.6M$908.4M$754.1M$842.6M$632.1M
Property, plant and equipment $3.08B$2.17B$2.04B$1.84B$1.46B$1.37B$1.34B$1.39B$992.1M$879.0M
Goodwill $4.78B$193.7M$192.6M$194.9M$199.5M$209.3M$196.9M$201.1M$4.9M—
Other intangibles $3.34B$145.6M$149.2M$155.2M$162.8M$173.9M$166.7M$174.4M$12.3M—
Total assets $13.69B$5.23B$4.91B$4.48B$4.24B$4.09B$4.03B$4.03B$2.35B$2.01B
Accounts payable $712.5M$446.4M$463.3M$387.7M$458.0M$307.0M$274.7M$255.5M$193.3M$173.5M
Short-term debt $43.8M$9.4M$7.5M$0——————
Total current liabilities $1.16B$810.2M$797.7M$697.3M$769.9M$901.1M$510.0M$483.0M$394.6M$428.8M
Long-term debt $4.49B$1.11B$1.12B$1.06B$877.3M$858.6M$1.35B$1.38B$884.4M$564.5M
Total liabilities $7.26B$3.07B$3.05B$2.87B$2.91B$3.03B$2.99B$3.06B$2.57B$2.22B
Retained earnings $1.83B$1.73B$1.45B$1.20B$892.4M$611.4M$659.5M$577.1M-$635.3M-$612.9M
Total equity $6.43B$2.16B$1.86B$1.61B$1.33B$1.06B$1.04B$974.4M-$221.5M-$212.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $589.8M$802.8M$914.2M$607.6M$757.2M$786.9M$451.2M$304.0M$308.5M$382.5M
Depreciation and amortisation $493.5M$216.2M$185.0M$172.6M$161.8M$135.0M$131.5M$119.4M$92.0M$83.2M
Stock-based compensation $38.0M$23.0M$28.2M$15.7M$9.0M$18.0M$10.3M$12.5M$11.1M$9.3M
Capital expenditure $383.9M$422.2M$449.3M$591.3M$257.8M$110.7M$193.8M$317.5M$210.2M$101.9M
Investing cash flow -$4.21B-$446.7M-$470.5M-$660.1M-$348.2M-$120.4M-$203.8M-$864.4M-$245.5M-$109.0M
Financing cash flow $3.35B-$165.9M-$210.1M-$25.4M-$449.6M-$540.2M-$179.0M$364.2M$60.6M-$210.0M
Dividends paid —$0$0$129.6M$484.0M$0$158.6M$172.1M$177.5M$176.8M
Buybacks $0$149.9M$271.4M$78.4M$0$0—$0$0$99.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-046522.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 1.9B Gross profit, FY2016: 674.7M Net income, FY2016: 276.5M Revenue, FY2017: 2.1B Gross profit, FY2017: 730.2M Net income, FY2017: 146.1M Revenue, FY2018: 2.5B Gross profit, FY2018: 831M Net income, FY2018: 228.8M Revenue, FY2019: 2.6B Gross profit, FY2019: 933.7M Net income, FY2019: 241.5M Revenue, FY2020: 2.9B Gross profit, FY2020: 1.1B Net income, FY2020: 262.8M Revenue, FY2021: 3.6B Gross profit, FY2021: 1.3B Net income, FY2021: 459.1M Revenue, FY2022: 3.8B Gross profit, FY2022: 1.3B Net income, FY2022: 512M Revenue, FY2023: 3.9B Gross profit, FY2023: 1.6B Net income, FY2023: 510.2M Revenue, FY2024: 3.9B Gross profit, FY2024: 1.5B Net income, FY2024: 424M Revenue, FY2025: 4.8B Gross profit, FY2025: 1.7B Net income, FY2025: 104M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.92B $2.05B $2.51B $2.61B $2.91B $3.61B $3.78B $3.94B $3.88B $4.84B
Gross profit $674.7M $730.2M $831.0M $933.7M $1.05B $1.31B $1.31B $1.59B $1.50B $1.73B
Net income $276.5M $146.1M $228.8M $241.5M $262.8M $459.1M $512.0M $510.2M $424.0M $104.0M

Recent filings and events

  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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