Eagle Materials (MEX:EXP) Operating Income: MXN10,342 Mil (TTM As of Mar. 2026)


MEX:EXP Eagle Materials Inc MEX:EXP
69 GF Score
Price MXN3,880.41
GF Value MXN4,241.57
Valuation Fairly Valued
! 4 Warning Signs
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What is Eagle Materials Operating Income?

Eagle Materials MEX:EXP 69 Operating Income is MXN10,342 Mil as of Mar. 2026. GuruFocus rates MEX:EXP with a GF Score™ of 69/100 and a GF Value™ of MXN4,241.57 (Fairly Valued). The stock has 4 warning signs investors should review.

Eagle Materials's Operating Income for the three months ended in Mar. 2026 was MXN1,501 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN10,342 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Eagle Materials's Operating Income for the three months ended in Mar. 2026 was MXN1,501 Mil. Eagle Materials's Revenue for the three months ended in Mar. 2026 was MXN8,640 Mil. Therefore, Eagle Materials's Operating Margin % for the quarter that ended in Mar. 2026 was 17.38%.

Good Sign:

Eagle Materials Inc operating margin is expanding. Margin expansion is usually a good sign.

Eagle Materials's 5-Year average Growth Rate for Operating Margin % was 1.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Eagle Materials's annualized ROC % for the quarter that ended in Mar. 2026 was 7.86%. Eagle Materials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.40%.


Eagle Materials  (MEX:EXP) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Eagle Materials's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=6005.104 * ( 1 - 23.26% )/( (57657.385 + 59567.652)/ 2 )
=4608.3168096/58612.5185
=7.86 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=69203.738 - 4001.983 - ( 7544.37 - max(0, 4348.431 - 18583.953+7544.37))
=57657.385

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=69286.033 - 4346.079 - ( 5372.302 - max(0, 4691.297 - 17147.096+5372.302))
=59567.652

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Eagle Materials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6792.772/( ( (36280.333 + max(6891.34, 0)) + (37759.897 + max(7292.82, 0)) )/ 2 )
=6792.772/( ( 43171.673 + 45052.717 )/ 2 )
=6792.772/44112.195
=15.40 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3754.387 + 6930.016 + 208.92) - (4001.983 + 0 + -9.0949470177293E-13)
=6891.34

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4121.788 + 7364.392 + 152.719) - (4346.079 + 0 + 0)
=7292.82

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Eagle Materials's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1501.276/8639.575
=17.38 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Eagle Materials Operating Income Related Terms


Eagle Materials Operating Income Historical Data

* Premium members only.

The historical data trend for Eagle Materials's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Eagle Materials Operating Income Chart

Eagle Materials Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9,414.18 10,556.09 10,381.39 12,258.45 10,158.92

Eagle Materials Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,739.27 3,103.35 3,272.53 2,464.91 1,501.28
MEX:EXP
69GF Score
Eagle Materials Inc MEX:EXP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Eagle Materials Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN10,342 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of MXN10,342 Mil mean?
Eagle Materials (MEX:EXP) has a Operating Income of MXN10,342 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Eagle Materials and its competitors.
Is Eagle Materials' Operating Income too high?
Eagle Materials' current Operating Income is MXN10,342 Mil. Overall, Eagle Materials has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Eagle Materials' Operating Income compare to KNF and TTAM?
Eagle Materials' Operating Income of MXN10,342 Mil can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Building Materials company?
A good Operating Income depends on the Building Materials industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Eagle Materials and its competitors. Eagle Materials's current Operating Income is MXN10,342 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eagle Materials stock overvalued right now?
Based on GuruFocus' analysis, Eagle Materials (MEX:EXP) is currently considered Fairly Valued. The stock's GF Value™ is MXN4,241.57, compared to a current price of MXN3,880.41 — trading 8.5% below its estimated fair value. The current Operating Income is MXN10,342 Mil. Eagle Materials' overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Eagle Materials (MEX:EXP), the current Operating Income is MXN10,342 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Eagle Materials (MEX:EXP) Overvalued in 2026?

Based on GuruFocus' analysis, Eagle Materials stock appears to be undervalued. The current stock price of MXN3,880.41 is trading 8.5% below its estimated GF Value™ of MXN4,241.57. GuruFocus considers Eagle Materials to be Fairly Valued.

Key valuation signals for MEX:EXP:

  • Operating Income: MXN10,342 Mil
  • GF Value™: MXN4,241.57 vs. price of MXN3,880.41 (8.5% below fair value)
  • GF Score™: 69/100 with 4 warning signs

No single metric tells the full story. See the MEX:EXP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Eagle Materials Business Description

Address 5960 Berkshire Lane, Suite 900, Dallas, TX, USA, 75225
Eagle Materials Inc is engaged in the manufacture of heavy construction products and light building materials. Its primary products, Cement and Gypsum Wallboard, are essential for building, expanding, and repairing roads, highways, and residential, commercial, and industrial structures across America. The business is organized into two sectors: Heavy Materials, which includes the Cement and Concrete and Aggregates segments, and Light Materials, which includes the Gypsum Wallboard and Recycled Paperboard segments. The primary end market for the Cement and Concrete and Aggregates segments is infrastructure, while the primary end market for the Gypsum Wallboard and Recycled Paperboard segments is residential construction.
69GF Score

Get the complete analysis for MEX:EXP

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN3,880.41
Price
MXN4,241.57
GF Value