Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Eagle Materials Inc.EXP · manufacturing | |
|---|---|
| Grade |  Astrongest fifth of 255 graded peers; percentile 9.1, sampling error 3.0 points; lower is stronger |
| Rank | 24 of 255 |
| Profitability | B/Cpercentile 39.1 |
| Solvency | A/Bpercentile 19.8 |
| Growth and financing | B/Cpercentile 42.5 |
| Reliability | 0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025 |
| Peer failure rate | 0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | over $2.67B assetstotal assets $3.8B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress |
| Inputs computable | 8 of 14 |
| Graded from | filings received through May 19, 2026143 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $167.262026-10-08; market equity $5.1B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received May 19, 2026; the document on sec.gov.
Eagle Materials Inc., through its subsidiaries (the Company, which may be referred to as we, our, or us), is a leading U.S. manufacturer of heavy construction products and light building materials. Our primary products, Cement and Gypsum Wallboard, are essential for building, expanding, and repairing roads, highways, and residential, commercial, and industrial structures across America. Headquartered in Dallas, Texas, Eagle manufactures and sells its products through a network of more than 70 facilities spanning 21 states. Demand for our products is generally cyclical and seasonal, depending on economic and geographic conditions.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 39.1 | |||||||
| Gross profitability | 17.0% | [1,3] | 21.9% | 66.8 | 275 | 2026-03-31 | |
| Return on invested capital | not computable | 9.7% | |||||
| required facts have no common fiscal period end | |||||||
| Accruals ratio | (5.4%) | [1,4-6] | (3.6%) | 38.1 | 308 | 2026-03-31 | |
| Gross margin stability, five years | 0.9 pts | [2-3,7-14] | 2.1 pts | 12.3 | 229 | 2026-03-31 | |
| Solvency, sleeve percentile 19.8 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| four consecutive discrete net-income quarters are required; found 4 | |||||||
| Altman Z double-prime | not computable | 3.66 | |||||
| latest aligned inputs end 2024-03-31; latest annual assets end 2026-03-31 | |||||||
| Net debt to EBITDA | not computable | 1.78x | |||||
| latest aligned inputs end 2024-03-31; latest annual assets end 2026-03-31 | |||||||
| Interest coverage | not computable | 5.09x | |||||
| latest aligned inputs end 2024-03-31; latest annual assets end 2026-03-31 | |||||||
| Current ratio | 3.66x | [15-16] | 2.25x | 19.8 | 325 | 2026-03-31 | |
| Growth and financing, sleeve percentile 42.5 | |||||||
| Revenue growth, three-year compound | 2.4% | [2,8,10,12] | 2.1% | 48.5 | 269 | 2026-03-31 | |
| Free cash flow growth, three-year compound | (22.9%) | [5,17-23] | 13.9% | 93.5 | 139 | 2026-03-31 | |
| Reinvestment rate | not computable | 26.4% | |||||
| required facts have no common fiscal period end | |||||||
| Asset growth, three years | 11.4% | [1,6,24-25] | 4.4% | 23.4 | 279 | 2026-03-31 | |
| Net share issuance, one year | (5.4%) | [26-27] | 0.01% | 4.5 | 243 | 2026-05-15 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.375; sampling error 3.0 percentile points on 255 peers.
Among 255 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 19 | BWX Technologies, Inc. (BWXT) BWX Technologies, Inc. (BWXT) Astrongest fifth; percentile 7.1 NYSE · Engines & Turbines market equity $13.0B; last close $142.23 No active warnings; 10 of 14 inputs | 7.1 | A | |
| 20 | Energy Recovery, Inc. (ERII) Energy Recovery, Inc. (ERII) Astrongest fifth; percentile 7.5 Nasdaq · Special Industry Machinery, NEC market equity $349.1M; last close $6.85 Warnings: fortress balance sheet; 10 of 14 inputs | 7.5 | A | fortress balance sheet |
| 21 | Omega Flex, Inc. (OFLX) Omega Flex, Inc. (OFLX) Astrongest fifth; percentile 7.9 Nasdaq · Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures market equity $265.0M; last close $26.33 No active warnings; 10 of 14 inputs | 7.9 | A | |
| 22 | LAM Research Corp. (LRCX) LAM Research Corp. (LRCX) Astrongest fifth; percentile 8.3 Nasdaq · Special Industry Machinery, NEC market equity $401.2B; last close $320.67 Warnings: fortress balance sheet; 12 of 14 inputs | 8.3 | A | fortress balance sheet |
| 23 | Watts Water Technologies Inc. (WTS) Watts Water Technologies Inc. (WTS) Astrongest fifth; percentile 8.7 NYSE · Miscellaneous Fabricated Metal Products last close $347.21 Warnings: fortress balance sheet; 9 of 14 inputs | 8.7 | A | fortress balance sheet |
| 24 | Eagle Materials Inc. (EXP) Eagle Materials Inc. (EXP) Astrongest fifth; percentile 9.1 NYSE · Cement, Hydraulic market equity $5.1B; last close $167.26 No active warnings; 8 of 14 inputs | 9.1 | A | |
| 25 | Ennis, Inc. (EBF) Ennis, Inc. (EBF) Astrongest fifth; percentile 9.4 NYSE · Manifold Business Forms market equity $576.0M; last close $22.79 No active warnings; 10 of 14 inputs | 9.4 | A | |
| 26 | SPX Technologies, Inc. (SPXC) SPX Technologies, Inc. (SPXC) Astrongest fifth; percentile 9.8 NYSE · Metalworkg Machinery & Equipment market equity $8.4B; last close $168.62 No active warnings; 10 of 14 inputs | 9.8 | A | |
| 27 | Astronics Corp. (ATRO) Astronics Corp. (ATRO) Astrongest fifth; percentile 10.2 Nasdaq · Aircraft Parts & Auxiliary Equipment, NEC last close $64.48 No active warnings; 8 of 14 inputs | 10.2 | A | |
| 28 | Howmet Aerospace Inc. (HWM) Howmet Aerospace Inc. (HWM) Astrongest fifth; percentile 10.6 NYSE · Rolling Drawing & Extruding of Nonferrous Metals market equity $88.8B; last close $222.59 No active warnings; 11 of 14 inputs | 10.6 | A | |
| 29 | TechnipFMC plc (FTI) TechnipFMC plc (FTI) Astrongest fifth; percentile 11.0 NYSE · Oil & Gas Field Machinery & Equipment market equity $27.3B; last close $69.60 Warnings: fortress balance sheet; 10 of 14 inputs | 11.0 | A | fortress balance sheet |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | A | 17.7 | 2204 |
| sector peers, equal sleeves (the grade) | A | 9.1 | 255 |
| same exchange, equal sleeves | A | 7.5 | 984 |
| sector peers, equal inputs | A | 16.1 | 255 |
Each letter is one fifth of the 255 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (16.5%) | 13.7% | 19 | hotter than 19 of 100 peers |
| Distance from 52-week high | (30.8%) | (24.3%) | 37 | closer to its high than 37 of 100 peers |
| EBIT to enterprise value | 10.7% | 4.1% | 92 | pricier than 8 of 100 peers |
| Free cash flow yield | 3.8% | 3.4% | 55 | pricier than 45 of 100 peers |
| Book value to price | 0.29 | 0.34 | 41 | pricier than 59 of 100 peers |
| Sales to price | 0.45 | 0.54 | 39 | pricier than 61 of 100 peers |
| Composite equity issuance, five years | (35.3%) | (9.5%) | 7 | more equity-funded than 7 of 100 peers |
| Relative strength against the sector, log excess return | (0.31) | (0.00) | 19 | ahead of 19 of 100 peers |
Inputs: market equity $5.1B; EBIT $716.9M; free cash flow $197.4M; book equity $1.5B; sales $2.3B; debt $1.8B; cash $233.5M[28].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 5 of 9, period end 2026-03-31 | ||
|---|---|---|
| Return on assets above zero | 13.0% | ✓ pass[4,6] |
| Operating cash flow above zero | $614.2M | ✓ pass[5] |
| Return on assets improved | (2.7 pts) | ✗ fail[4,6,24,29] |
| Operating cash flow exceeds net income | $190.4M | ✓ pass[4-5] |
| Long-term leverage fell | 9.7 pts | ✗ fail[1,6,24,30-31] |
| Current ratio improved | 92.6 pts | ✓ pass[15-16,32-33] |
| No new shares issued | (5.4%) | ✓ pass[26-27] |
| Gross margin improved | (1.5 pts) | ✗ fail[2-3,7-8] |
| Asset turnover improved | (6.0 pts) | ✗ fail[2,6,8,24] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $233.5M[34] |
| Operating cash flow, four quarters | $631.9M[5,34-38] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 72 |
| 10-Q received Jul 29, 2026 | |
| Median daily dollar volume | $76.1M |
| 63 sessions | |
| Days since newest grade input | 143 |
Downloads [top]
|
Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $3.8B | 2026-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.3B | 2026-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $652.5M | 2026-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 4 | net income | us-gaap:NetIncomeLoss | $423.8M | 2026-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 5 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $614.2M | 2026-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 6 | assets | us-gaap:Assets | $3.3B | 2025-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | $673.1M | 2025-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 8 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.3B | 2025-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $685.3M | 2024-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.3B | 2024-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $639.3M | 2023-03-31 | 2025-05-20 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.1B | 2023-03-31 | 2025-05-20 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $519.6M | 2022-03-31 | 2024-05-22 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.9B | 2022-03-31 | 2024-05-22 | 10-K | filing · viewer · series |
| 15 | current assets | us-gaap:AssetsCurrent | $950.9M | 2026-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 16 | current liabilities | us-gaap:LiabilitiesCurrent | $260.2M | 2026-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 17 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $416.7M | 2026-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 18 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $548.5M | 2025-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 19 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $195.3M | 2025-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 20 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $563.9M | 2024-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 21 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $120.3M | 2024-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 22 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $541.7M | 2023-03-31 | 2025-05-20 | 10-K | filing · viewer · series |
| 23 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $110.1M | 2023-03-31 | 2025-05-20 | 10-K | filing · viewer · series |
| 24 | assets | us-gaap:Assets | $2.9B | 2024-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 25 | assets | us-gaap:Assets | $2.8B | 2023-03-31 | 2025-05-20 | 10-K | filing · viewer · series |
| 26 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 30,948,147 | 2026-05-15 | 2026-05-19 | 10-K | filing · viewer · series |
| 27 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 32,704,328 | 2025-05-16 | 2025-05-20 | 10-K | filing · viewer · series |
| 28 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 30,675,325 | 2026-07-25 | 2026-07-29 | 10-Q | filing · viewer · series |
| 29 | net income | us-gaap:NetIncomeLoss | $463.4M | 2025-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 30 | long term debt | us-gaap:LongTermDebtNoncurrent | $1.7B | 2026-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 31 | long term debt | us-gaap:LongTermDebtNoncurrent | $1.2B | 2025-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 32 | current assets | us-gaap:AssetsCurrent | $668.7M | 2025-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 33 | current liabilities | us-gaap:LiabilitiesCurrent | $245.0M | 2025-03-31 | 2026-05-19 | 10-K | filing · viewer · series |
| 34 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $233.5M | 2026-06-30 | 2026-07-29 | 10-Q | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $154.4M | 2026-06-30 | 2026-07-29 | 10-Q | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $512.0M | 2025-12-31 | 2026-01-29 | 10-Q | filing · viewer · series |
| 37 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $341.2M | 2025-09-30 | 2025-10-30 | 10-Q | filing · viewer · series |
| 38 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $136.6M | 2025-06-30 | 2026-07-29 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 9.1 is 10.9 points from the nearest band edge; sampling error is 3.0 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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