JHX James Hardie Industries plc

Overview and Growth

In fiscal 2026, James Hardie Industries plc recorded $4.84B of revenue, net income of $104.00M, and an operating cash inflow of $589.80M. The $4.84B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 24.7% from $3.88B in fiscal 2025, increasing the company’s operating scale. On a per-share basis, diluted EPS was $0.19, which connects the reported earnings outcome with the company’s diluted share count. Against diluted EPS of $0.98 in fiscal 2025, the current result was 80.6% lower. Asset turnover was 0.35x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $1.73B as gross profit before recognizing operating expenses and other items. Gross margin was 35.8%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced $447.60M of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 9.3% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all reported below-operating-line items, the company recorded net income of $104.00M for the fiscal year. Measured against reported revenue, net income produced a 2.2% margin after operating costs and the remaining recognized items. Pretax income was $206.70M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. The pretax margin was 4.3%, relating income before taxes directly to revenue. The reported income-tax provision was $102.70M, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 49.7%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

At period end, the $13.69B asset base was financed through $7.26B of liabilities and $6.43B of equity. Current assets were $1.83B against $1.16B of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 1.58x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $269.20M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 23.3% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $4.54B, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 0.71x of book equity, describing the relative scale of borrowing and shareholder capital. The debt-to-assets relationship was 33.1%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 53.1%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 2.0%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 161.7% from $5.23B in fiscal 2025, leaving current total assets higher year over year.

Cash Flow and Earnings Quality

The company reported $589.80M of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 5.67x, comparing cash generated by operations with the bottom-line earnings result. The cash-flow statement records $383.90M of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 65.1% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $205.90M, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 4.3%, measuring cash remaining after capital spending against revenue. The free-cash-flow-to-assets relationship was 1.5%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Mar 31, 2026. Analysis generated Oct 21, 2026.