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James Hardie Industries vs Smith Midland: JHX and SMID compared
James Hardie Industries is the larger company: $1.4B of revenue in its latest quarter (Q2 FY27) against $23.4M for Smith Midland (Q2 2026). James Hardie Industries is growing faster (+24% against -11% a year earlier). James Hardie Industries is more profitable, with an operating margin of 18.4% against 8.5%.
Where the money goes: JHX and SMID
James Hardie Industries (JHX) · Q2 FY27
James Hardie Industries, Q2 FY27: revenue $1.4B (+24% year over year), operating margin 18.4%, net earnings $151M, operating cash flow $350M. The chart follows the revenue to costs, profit and cash.
Smith Midland (SMID) · Q2 2026
Smith Midland, Q2 2026: revenue $23.4M (-11% year over year), operating margin 8.5%, net earnings $1.4M, operating cash flow −$485K. The chart follows the revenue to costs, profit and cash.
| James Hardie Industries (JHX) | Smith Midland (SMID) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q2 2026 |
| Revenue | $1.4B | $23.4M |
| Revenue growth, Y/Y | +24% | -11% |
| Gross margin | 39.4% | 23.2% |
| Operating margin | 18.4% | 8.5% |
| Net earnings | $151M | $1.4M |
| Net margin | 10.6% | 5.9% |
| Operating cash flow | $350M | −$485K |
| Free cash flow | $281M | — |
| Market value | $15.2B | — |
| P/E | 146.5× | — |
| Analysts’ mean target | $34.06 | — |
Where the revenue comes from
James Hardie Industries
- Siding & Trim: $880M (62%)
- Deck, Rail & Accessories: $387M (27%)
- Australia & New Zealand: $161M (11%)
Smith Midland
- Service Revenue: $12.2M (52%)
- Product Sales: $11.2M (48%)
Questions
Which is bigger, James Hardie Industries or Smith Midland?
James Hardie Industries is the larger company: $1.4B of revenue in its latest quarter (Q2 FY27) against $23.4M for Smith Midland (Q2 2026).
Is James Hardie Industries or Smith Midland growing faster?
James Hardie Industries is growing faster (+24% against -11% a year earlier).
Which is more profitable, James Hardie Industries or Smith Midland?
James Hardie Industries is more profitable, with an operating margin of 18.4% against 8.5%.
More: James Hardie Industries earnings · how James Hardie Industries makes money · Smith Midland earnings · how Smith Midland makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.