Filing Flows › Eagle Materials (EXP) › Q1 FY26
Eagle Materials (EXP) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jul 30, 2025
Eagle Materials (EXP) reported revenue of $635M for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and +35% from the quarter before. Operating margin was 24.9%, net earnings $123M (19.4% of revenue).
Eagle Materials, Q1 FY26: revenue $635M (+4% year over year), operating margin 24.9%, net earnings $123M, operating cash flow $137M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $635M | +35% | +4% |
| Gross profit | $186M | +77% | -0.7% |
| Operating profit | $158M | +95% | -19% |
| Net earnings | $123M | +86% | -8% |
| Operating cash flow | $137M | +118% | +3% |
| Free cash flow | $60.5M | +319% | -39% |
What changed
Revenue was $634.7M in Q1 FY26, up 4% year over year and up 35% from the previous quarter.
Gross margin was 29.2%, down 1.5 points from a year earlier. Operating profit was $157.9M, a 24.9% margin (down 7.1 points year over year). Operating profit fell $36.7M even though revenue rose $26.0M versus a year earlier, so costs grew faster than sales. Net earnings were $123.4M, down 8% year over year. The effective tax rate was 21.9%.
Operating cash flow was $136.6M (up 3% year over year), 111% of net earnings. Non-cash charges added back $40.6M of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items used $32.2M. Capital expenditures of $76.1M left free cash flow of $60.5M.
Questions
What was Eagle Materials' revenue in the first quarter fiscal 2026?
Eagle Materials (EXP) reported revenue of $635M for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and +35% from the quarter before.
Was Eagle Materials profitable in the first quarter fiscal 2026?
Operating profit was $158M (24.9% of revenue) and net earnings $123M.
Source: Eagle Materials 10-Q on SEC EDGAR.