CRH Public
CRH · NYSECement, Hydraulic · Fiscal year ends Dec 31
CRH Public reported revenue of $37.4B in the fiscal year ended Dec 2025, up 5.3% from the year before. Operating income was $5.4B, an operating margin of 14.5%, and net income was $3.8B. Operating cash flow of $5.6B less capital expenditure of $2.7B left free cash flow of $2.9B. Net debt was $13.4B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $29.2B | $32.7B | $34.9B | $35.6B | $37.4B |
| Cost of revenue | $19.4B | $21.9B | $23B | $22.9B | $23.9B |
| Gross profit | $9.8B | $10.8B | $12B | $12.7B | $13.5B |
| Selling, general & admin | $6.5B | $7.1B | $7.5B | $7.9B | $8.3B |
| Operating income | $3.3B | $3.8B | $4.2B | $4.9B | $5.4B |
| Interest expense | $315M | $344M | $376M | $612M | $810M |
| Pre-tax income | $3.1B | $3.5B | $4B | $4.7B | $4.8B |
| Income tax | $650M | $762M | $925M | $1.1B | $1B |
| Net income | $2.6B | $3.9B | $3.2B | $3.5B | $3.8B |
| Diluted EPS | 3.32 | 5.11 | 4.33 | 5.02 | 5.51 |
| Diluted shares | 787M | 764M | 729M | 690M | 677M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $5.8B | $5.9B | $6.3B | $3.7B | $4.1B |
| Inventory | – | $4.2B | $4.3B | $4.8B | $5.3B |
| Current assets | – | $14.8B | $16.9B | $14.1B | $15.3B |
| Net PP&E | – | $17.8B | $17.8B | $21.5B | $24.9B |
| Goodwill | $9.5B | $9.2B | $9.2B | $11.1B | $13.1B |
| Total assets | – | $45.3B | $47.5B | $50.6B | $58.3B |
| Payables | – | $2.9B | $3.1B | $3.2B | $3.3B |
| Deferred revenue | – | $344M | $439M | $500M | $405M |
| Current liabilities | – | $8B | $10B | $10.3B | $8.8B |
| Short-term debt | – | $1.4B | $1.8B | $2.9B | $1.1B |
| Long-term debt | – | $8.1B | $9.8B | $11B | $16.5B |
| Total liabilities | – | $22.3B | $25.8B | $27.8B | $32.9B |
| Shareholders' equity | $21.2B | $22.2B | $20.9B | $21.6B | $24B |
| Backlog (remaining obligations) | – | – | $3.7B | $3.6B | $3.1B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $4B | $3.8B | $5B | $5B | $5.6B |
| Capital expenditure | $1.6B | $1.5B | $1.8B | $2.6B | $2.7B |
| Free cash flow | $2.4B | $2.3B | $3.2B | $2.4B | $2.9B |
| Depreciation & amortisation | $1.6B | $1.6B | $1.6B | $1.8B | $2.2B |
| Stock-based compensation | $110M | $101M | $123M | $125M | $143M |
| Acquisitions | $1.5B | $3.3B | $640M | $4.9B | $3.9B |
| Share buybacks | $896M | $1.2B | $3.1B | $1.5B | $1.2B |
| Dividend per share | 1.21 | 1.27 | 1.33 | 1.40 | 1.48 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 12.0% | 6.8% | 1.8% | 5.3% |
| Operating income growth (YoY) | – | 14.5% | 9.9% | 17.7% | 10.5% |
| EPS growth (YoY) | – | 53.9% | −15.3% | 15.9% | 9.8% |
| Gross margin | 33.6% | 33.1% | 34.2% | 35.7% | 36.1% |
| Operating margin | 11.4% | 11.6% | 12.0% | 13.8% | 14.5% |
| Net margin | 9.0% | 11.8% | 9.1% | 9.8% | 10.0% |
| Return on equityBlank when equity is negative | 12.4% | 17.4% | 15.2% | 16.2% | 15.6% |
| ROCEEBIT ÷ (assets − current liabilities) | – | 10.2% | 11.2% | 12.2% | 11.0% |
| Free cash flow margin | 8.3% | 7.0% | 9.2% | 6.8% | 7.8% |
| Cash conversion (CFO ÷ net income) | 1.51x | 0.98x | 1.58x | 1.43x | 1.50x |
| Inventory days | – | 70 | 68 | 76 | 80 |
| Payable days | – | 49 | 50 | 51 | 50 |
| Interest cover | 10.6x | 11.1x | 11.1x | 8.05x | 6.72x |
| Debt ÷ equity | – | 0.43x | 0.55x | 0.64x | 0.73x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | – | $3.6B | $5.2B | $10.1B | $13.4B |
| Current ratio | – | 1.84x | 1.69x | 1.37x | 1.74x |
Recent filings
More in Cement, Hydraulic
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.