Eagle Materials Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Eagle Materials Inc (EXP) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Eagle Materials Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 2,325M vs 27,032M combined for its competitors (7.9% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+12.0% annualized vs trailing 12 months), vs accelerating (+10.5%) for its tracked peer group.
- Growth: Eagle Materials Inc generated 2.6% revenue growth year over year in Q1 2026, vs 10.4% for its competitors combined.
- Profitability: Its 15.7% net margin compares with 6.7% for the peer group.
- Scale: Eagle Materials Inc ranks #11 of 37 companies by market capitalization in the Construction Raw Materials industry, holding 1.8% of industry market cap.
- Peer revenue share: Eagle Materials Inc accounted for 8.0% of combined revenue among its tracked peer group, down from 8.6% a year earlier.
- Peer differentiation: Revenue per employee of $0.93M compares with $0.70M for the peer group (1.3x).
- Structure: Eagle Materials Inc operates in the following segments: Cement, Gypsum Wallboard, Concrete and Aggregates, Recycled Paperboard.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
EXP Sales vs. its Competitors, Q1 2026
Eagle Materials Inc reported revenue growth of 2.56 % year on year in Q1 2026, below its competitors' combined revenue growth of 10.37 %.
With a net margin of 15.69 %, Eagle Materials Inc achieved higher profitability than its competitors (6.70 %).
Eagle Materials Inc generated 8.02 % of the combined sales of its peer group, down from 8.58 % a year earlier.
API endpoints for this dataset
Eagle Materials Inc vs. its Competitors, Q1 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Eagle Materials Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Eagle Materials Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Eagle Materials Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (7) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Eagle Materials Inc's competitor groups requires a Commercial License.
For context: the Construction Raw Materials industry grew revenue 44.1% year over year, combined, vs 2.6% for Eagle Materials Inc. Eagle Materials Inc's share of combined industry revenue moved from 1.11% to 0.79%, a loss of 0.32 percentage points.
Eagle Materials Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Eagle Materials Inc | Yes | Yes | No | No |
| Competitors combined (8) | ||||
| High-Confidence Competitors (2) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 62.50 % (5 of 8) | 37.50 % (3 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
EXP Stock Performance relative to its Competitors
EXP Stock Performance relative to High-Confidence Competitors
EXP Stock Performance relative to Similar-Size Competitors
EXP Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Granite Construction Inc | 282.9% | Outperformed |
| 2 | United States Lime and Minerals Inc | 282.9% | Outperformed |
| 3 | Vulcan Materials Company | 282.9% | Outperformed |
| 4 | Mdu Resources Group Inc | 282.9% | Outperformed |
| 5 | Armstrong World Industries Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Eagle Materials Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Eagle Materials Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Eagle Materials Inc |
5,783.70 | 2,324.93 |
 Vulcan Materials Company |
36,612.24 | 8,008.90 |
 Martin Marietta Materials Inc |
31,192.63 | 6,295.00 |
 Armstrong World Industries Inc |
7,243.03 | 1,746.00 |
 Granite Construction Inc |
5,575.01 | 5,301.83 |
 Mdu Resources Group Inc |
3,943.28 | 1,830.33 |
| SUBTOTAL | 97,092.07 | 29,356.96 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Eagle Materials Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Eagle Materials Inc's Competitors Named by the Company
Competitive relationships identified from Eagle Materials Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Knife River Corporation | Company report | 85% |
| Headwaters Inc | Company report | 85% |
| U s Concrete Inc | Company report | 85% |
| Smith midland Corporation | Company report | 85% |
| Vulcan Materials Company | Company report | 85% |
| Summit Materials Inc | Company report | 85% |
| United States Lime and Minerals Inc | Company report | 85% |
| Granite Construction Inc | Company report | 85% |
| Martin Marietta Materials Inc | Company report | 85% |
| Armstrong World Industries Inc | Company report | 85% |
| Rocky Mountain Industrials Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Eagle Materials Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Eagle Materials Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Eagle Materials Inc | Cement 59.83 % |
| Vulcan Materials Company | Aggregates 83.42 % |
| Martin Marietta Materials Inc | Building Materials Business 84.72 % |
| Armstrong World Industries Inc | Mineral Fiber 61.39 % |
| Granite Construction Inc | Constructions 83.45 % |
| Mdu Resources Group Inc | Natural gas distribution 76.30 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Eagle Materials Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Eagle Materials Inc | 5,784 | 929,974 | 161,030 |
| Vulcan Materials Company | 36,612 | 681,725 | 94,025 |
| Martin Marietta Materials Inc | 31,193 | 669,681 | 261,383 |
| Armstrong World Industries Inc | 7,243 | 459,474 | 84,447 |
| Granite Construction Inc | 5,575 | 914,108 | -42,384 |
| Mdu Resources Group Inc | 3,943 | 873,248 | 93,849 |
| PEERS TOTAL | 91,308 | 697,187 | 96,838 |
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Eagle Materials Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 35 companies in Eagle Materials Inc's industry classification, broader than the peer set above. Market cap in millions of $.Eagle Materials Inc ranks #11 of 35 companies by market capitalization in its industry, holding 1.83 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,091, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Crh Public Limited Company | 63,551 | 20.15 % |
| 2 | Cemex Sab De Cv | 47,586 | 15.09 % |
| 3 | Vulcan Materials Company | 36,838 | 11.68 % |
| 4 | Martin Marietta Materials Inc | 31,193 | 9.89 % |
| 5 | Teck Resources Limited | 1,234 | 5.2% |
| 6 | Amrize Ltd | 1,234 | 5.2% |
| 7 | Chemical and Mining Co Of Chile Inc | 1,234 | 5.2% |
| 8 | James Hardie Industries Plc | 1,234 | 5.2% |
| 9 | Hecla Mining Company | 1,234 | 5.2% |
| 10 | Ioneer Ltd | 1,234 | 5.2% |
| 11 | Eagle Materials Inc | 5,784 | 1.83 % |
Market cap and industry share for the rest of Eagle Materials Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Eagle Materials Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 6 | Amrize Ltd | 23,179 | -17.00 % |
| 7 | Chemical and Mining Co Of Chile Inc | 16,430 | 20.99 % |
| 8 | James Hardie Industries Plc | 16,273 | 48.01 % |
| 9 | Hecla Mining Company | 9,963 | 19.98 % |
| 10 | Ioneer Ltd | 1,234 | 12.3% |
| 11 | Eagle Materials Inc | 5,784 | -9.88 % |
| 12 | Cementos Pacasmayo Saa | 1,234 | 12.3% |
| 13 | Mdu Resources Group Inc | 1,234 | 12.3% |
| 14 | United States Lime and Minerals Inc | 1,234 | 12.3% |
| 15 | Knife River Corporation | 1,234 | 12.3% |
| 16 | Centrus Energy Corp | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Eagle Materials Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Eagle Materials Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Construction Raw Materials industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (46 companies). See the full Construction Raw Materials industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 27.02 % | 24.19 % (avg) | +2.8 pp |
| Operating Margin | 38.81 % | industry median | +24.0 pp |
| EBITDA Margin | 25.41 % | 6.59 % (avg) | +18.8 pp |
| Capital Intensity (Capex / Revenue) | 19.85 % | 12.68 % (avg) | +7.2 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Eagle Materials Inc's Valuation vs Competitive Position
Valuation multiples vs the Construction Raw Materials industry average (46 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Construction Raw Materials industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 16.6x | 24.2x | -7.6x |
| EV / EBITDA | 13.3x | 13.6x | -0.3x |
| P/B | 4.4x | 2.6x | +1.8x |
| Return on Equity | 27.04 % | industry aggregate | 12.77 % |
| Return on Invested Capital | 17.60 % | 2.99 % (avg) | 14.61 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Eagle Materials Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 0.93 % | 1.92 % | 12.38 % | 12.21 % | 16.77 % | 7.71 % | 0.56 % | 1.61 % |
| Operating Margin | 20.41 % | -12.62 % | 24.81 % | 24.62 % | 26.36 % | 28.54 % | 27.22 % | 24.56 % |
| Return on Invested Capital | 7.83 % | -5.81 % | 10.29 % | 11.42 % | 15.10 % | 16.66 % | 15.04 % | 11.64 % |
| P/E | 13.8x | - | 12.0x | 18.0x | 11.6x | 13.2x | 20.7x | 16.7x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Eagle Materials Inc's Strategic Group Map
Eagle Materials Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Eagle Materials Inc's trailing-12-month revenue growth of 1.6% and operating margin of 38.8% compares with an average of 2.2% growth and 23.6% margin across its 8 closest peers by combined growth, margin and ROIC -- Eagle Materials Inc sits below that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Eagle Materials Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Eagle Materials Inc falls in the Dog quadrant: relative market share of 0.09x vs its largest competitor, in an industry growing revenue 3.0% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Eagle Materials Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,091 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 19.85 % vs industry average 12.68 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Eagle Materials Inc's dedicated Suppliers and Customers pages, not here.
Eagle Materials Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Eagle Materials Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Eagle Materials Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 24.0 points above the industry median.
- Return on equity 12.8 points above the industry aggregate.
- Latest-quarter revenue run-rate is accelerating (+12.0% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.09x).
Opportunities
- Trades at a lower P/E than the industry average (16.6x vs 24.2x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: see Methodology: SWOT Analysis.
Eagle Materials Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Eagle Materials Inc | 0.56 | 3.10 | 1.01 |
| Vulcan Materials Company | 0.14 | 2.02 | 0.52 |
| Martin Marietta Materials Inc | 0.11 | 2.37 | 0.54 |
| Armstrong World Industries Inc | 0.31 | 1.49 | 0.52 |
| Granite Construction Inc | 0.30 | 1.10 | 1.57 |
| Mdu Resources Group Inc | 0.08 | 0.83 | 0.90 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Eagle Materials Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Eagle Materials Inc | Q2 2026 | +2.6 % | -17.2 % |
| Vulcan Materials Company | Q3 2026 | -4.7 % | -3.4 % |
| Martin Marietta Materials Inc | Q2 2026 | +7.5 % | -23.5 % |
| Armstrong World Industries Inc | Q3 2026 | +11.9 % | +6.5 % |
| Granite Construction Inc | Q3 2026 | +23.3 % | -97.1 % |
| Mdu Resources Group Inc | Q2 2026 | +6.9 % | +54.1 % |
| PEERS TOTAL | +6.4 % | -28.7 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Eagle Materials Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Eagle Materials Inc | Q2 2026 | +9.0 % | +58.7 % |
| Vulcan Materials Company | Q3 2026 | -4.7 % | -20.0 % |
| Martin Marietta Materials Inc | Q2 2026 | +30.3 % | -28.5 % |
| Armstrong World Industries Inc | Q3 2026 | +15.6 % | +9.3 % |
| Granite Construction Inc | Q3 2026 | +22.1 % | +27.3 % |
| Mdu Resources Group Inc | Q2 2026 | +10.8 % | +24.9 % |
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Eagle Materials Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Eagle Materials Inc | 11.16% | 11.07% | 27.04% |
| Vulcan Materials Company | 6.64% | 6.50% | 13.02% |
| Martin Marietta Materials Inc | 12.41% | 12.99% | 23.06% |
| Armstrong World Industries Inc | 16.20% | 18.12% | 35.94% |
| Granite Construction Inc | - | - | - |
| Mdu Resources Group Inc | 2.61% | 3.06% | 6.95% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Eagle Materials Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Eagle Materials Inc | 14.75 | 2.49 |
| Vulcan Materials Company | 33.54 | 4.57 |
| Martin Marietta Materials Inc | 12.74 | 4.96 |
| Armstrong World Industries Inc | 22.89 | 4.15 |
| Granite Construction Inc | - | 1.05 |
| Mdu Resources Group Inc | 19.61 | 2.15 |
| PEERS AVERAGE | 23.35 | 3.31 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.