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Eagle Materials (EXP) earnings and revenue breakdown
Latest: Q2 FY27 · 10-Q filed Nov 4, 2026 · Eagle Materials (EXP) Q2 FY27 earnings results →
Q2 FY27 Revenue up 2% year over year to $653M · 17¢ of every $1 of revenue kept as net profit · operating margin 22.0%
Eagle Materials made $653M in Q2 FY27 (+2% Y/Y). Operating margin 22.0%, net earnings $112M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $652.7M in Q2 FY27, up 2% year over year and roughly flat from the previous quarter.
Gross margin was 26.8%, down 4.5 points from Q2 FY26. Operating profit was $143.5M, a 22.0% margin (down 5.6 points year over year). Operating profit fell $32.9M even though revenue rose $13.8M versus Q2 FY26, so costs grew faster than sales. Operating expenses grew 34% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+122%). Net earnings were $111.5M, down 19% year over year. The effective tax rate was 22.3%.
Operating cash flow was $209.9M (up 3% year over year), 188% of net earnings. Non-cash charges added back $41.8M of depreciation and amortization and $5.4M of share-based compensation. Working capital and other items added $51.2M. Capital expenditures of $128.9M left free cash flow of $81.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 FY27 | 10-Q | Nov 4, 2026 | $653M | +2% | 22.0% | $112M | $210M |
| Q1 FY27 | 10-Q | Jul 29, 2026 | $651M | +3% | 20.2% | $102M | $154M |
| Q4 FY26 | 10-K | May 19, 2026 | $479M | +2% | 16.4% | $60.2M | $102M |
| Q3 FY26 | 10-Q | Jan 29, 2026 | $556M | -0.4% | 23.2% | $103M | $171M |
| Q2 FY26 | 10-Q | Oct 30, 2025 | $639M | +2% | 27.6% | $137M | $205M |
| Q1 FY26 | 10-Q | Jul 30, 2025 | $635M | +4% | 24.9% | $123M | $137M |
| Q4 FY25 | 10-K | May 20, 2025 | $470M | -1% | 17.2% | $66.5M | $62.8M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Eagle Materials
Eagle Materials Inc. is a leading U.S. manufacturer of heavy construction products and light building materials. Eagle’s primary products, Portland Cement and Gypsum Wallboard, are essential for building, expanding and repairing roads and highways and for building and renovating residential, commercial and industrial structures across America. Eagle manufactures and sells its products through a network of more than 70 facilities spanning 21 states and is headquartered in Dallas, Texas. Visit eaglematerials.com for more information. Eagle’s senior management will conduct a conference call to discuss the financial results, forward-looking information and other matters at 8:30 a.m. Eastern Time (7:30 a.m. Central Time) on Wednesday, July 29, 2026. The conference call will be webcast simultaneously on the Eagle website, eaglematerials.com .
In its own words, from its 8-K, filed Jul 29, 2026.
Eagle Materials against its Cement, Hydraulic peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +2%. Operating margin: 22.0% against the peers' median 21.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| EXP Eagle Materials | Q2 FY27 | $653M | +2% | 22.0% |
| CRH CRH Public | Q3 2026 | $11.4B | +3% | 16.6% |
| AMRZ Amrize | Q3 2026 | $3.8B | +2% | 21.0% |
Source: Eagle Materials 10-Q on SEC EDGAR · CIK 918646 · Cement, Hydraulic
13F: who owns EXP and who is buying
More on EXP
History
Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results