JHXJames Hardie Industries plc
Concrete Products, Except Block & Brick
- Revenue
- $4.8B
- 25% YoY
- Operating margin
- 9.3%
- 45% YoY
- EBITDA
- $941M
- 7.9% YoY
- Market cap
- $15.8B
- Employees
- 7,500
- $645K revenue each
- Net debt / EBITDA
- 4.2×
- $4.0B net debt
- AI in 10-K
- 0.6
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo1 of 3 years3+ of last 5 years
- High CEO pay despite TSRNo$11M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo567% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo35% of assetsOver 40% of assets
- Shareholder dissentNo84% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$645K per employeeBottom quartile of its SIC industry
- Quiet on AIYes0.6 per 10K words · 24th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo4.2× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$15.8B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$28M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.6B | $3.8B | $3.9B | $3.9B | $4.8B | 25% |
| Operating income | $683M | $741M | $767M | $656M | $448M | 32% |
| Net income | $459M | $512M | $510M | $424M | $104M | 75% |
| Operating cash flow | $757M | $608M | $914M | $803M | $590M | 27% |
| Capex | $258M | $591M | $449M | $422M | $384M | 9.1% |
| Stock-based comp | $9M | $16M | $28M | $23M | $38M | 65% |
| Buybacks | $0 | $78M | $271M | $150M | $0 | 100% |
| Dividends | $484M | $130M | $0 | $0 | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $69K · 1
- Open-market sells, 12 mo
- $28M · 7
- Net
- −$28M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $7M | −$2M | 87 | 124 |
| FY2025 | $11M | −$13M | 109 | 107 |
| FY2024 | $11M | $45M | 187 | 115 |