One-glance verdict
Overvalued
$58.75 our estimate vs market $86.70
Wall Street consensus: $136.81 (132.9% higher than our fair-value estimate)
48% above our estimate, beyond the bull case
Fundamentals snapshot
CRH plc
CRH · NYQ · Basic Materials · Building Materials
Current price
$86.70
52-week range
$85.91 - $131.55
Market cap
$57.68B
Balance sheet
Watch
6.57x Adequate
Net debt $16.79B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Revenue grew 3.2% last year.
- Reward Returns 15.8% on equity, ahead of 80% of its peers.
- Risk Net debt grew 215.8% over 3 years.
- Risk Insider ownership is only 0.1% (peer median: 0.2%).
What this company does
CRH plc
CRH sells the essential building materials, like cement, gravel, and asphalt, that are used to construct and repair things like roads, bridges, and buildings. The company makes most of its money in North America from these large infrastructure projects and both commercial and residential construction. Therefore, CRH's business tends to do well when governments and the private sector are spending more on building and development.
How the company got here
CRH was formed in 1970 through the merger of two Irish companies, Cement Limited and Roadstone Limited. From its beginnings as Ireland's main producer of cement and construction stone, the company grew by acquiring other businesses. A major turning point was its entry into the United States in 1978, which has since become its largest market. Over several decades, CRH made numerous acquisitions across Europe and North America to become a global leader in building materials. In 2023, the company moved its primary stock listing to the New York Stock Exchange, reflecting the importance of its North American operations.
What it actually does
CRH makes and sells the foundational materials used to build and maintain everything from roads and bridges to buildings and houses. Think of the essential ingredients for construction: crushed stone, sand, and gravel (known as aggregates), as well as cement, asphalt, and ready-mixed concrete. The company also manufactures a wide range of products made from these materials, such as concrete pipes, paving stones for patios, and glass or fencing for buildings. Essentially, CRH provides the core materials and finished products for major infrastructure projects, commercial construction, and home building and renovations.
Americas Materials Solutions
This is CRH's largest business segment, focused on North America. It provides the essential raw ingredients for construction, like aggregates (crushed stone, sand, and gravel), cement, and asphalt. This division sells these materials to contractors and government bodies for big projects like building and repairing roads, bridges, and other public infrastructure. It's the top producer of asphalt and aggregates in North America.
Americas Building Solutions
This part of the company takes basic materials and creates finished products for the North American market. It manufactures a wide variety of items, from concrete pipes and vaults for underground utilities (like water, energy, and telecommunications) to products for outdoor living spaces, such as pavers and retaining walls. This segment provides more specialized, value-added solutions for residential, commercial, and infrastructure projects.
International Solutions
This segment covers CRH's operations outside of the Americas, primarily in Europe and Australia. Similar to its American businesses, it supplies essential materials like cement and aggregates, as well as building products for a range of construction needs. This division serves a mix of infrastructure, commercial, and residential projects in these regions. It represents a smaller portion of the company's business compared to its large North American operations.
What management is betting on now
Management is heavily focused on expanding its business in North America, where it sees major opportunities in government spending on infrastructure like roads, bridges, and water systems. The company is also concentrating on supplying materials for high-growth areas like data center construction and the building of new manufacturing facilities. CRH continues to acquire smaller companies to strengthen its position in key local markets and to expand its range of higher-value, more profitable products. A key part of their strategy is 'vertical integration' (owning the process from the raw material quarry to the final product), which helps control costs and ensure supply.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$981.00M
FY2024 Q4
$1.79B
FY2025 Q1
$-1.30B
FY2025 Q2
$723.00M
FY2025 Q3
$1.40B
FY2025 Q4
$1.50B
FY2026 Q1
$-1.22B
FY2026 Q2
$490.00M
Revenue
$10.78B
Net income
$1.49B
Diluted EPS
2.21
Operating cash flow
$1.13B
Free cash flow
$490.00M
Fetching…
Sources
Revenue
$7.37B
Net income
$-176.00M
Diluted EPS
-0.27
Operating cash flow
$-616.00M
Free cash flow
$-1.22B
Fetching…
Sources
Revenue
$9.42B
Net income
$1.02B
Diluted EPS
1.51
Operating cash flow
$2.92B
Free cash flow
$1.50B
Fetching…
Sources
Revenue
$11.07B
Net income
$1.50B
Diluted EPS
2.21
Operating cash flow
$1.99B
Free cash flow
$1.40B
Fetching…
Sources
Revenue
$10.21B
Net income
$1.32B
Diluted EPS
1.94
Operating cash flow
$1.38B
Free cash flow
$723.00M
Fetching…
Sources
Revenue
$6.76B
Net income
$-94.00M
Diluted EPS
-0.15
Operating cash flow
$-659.00M
Free cash flow
$-1.30B
Fetching…
Sources
Revenue
$8.87B
Net income
$703.00M
Diluted EPS
1.01
Operating cash flow
$2.73B
Free cash flow
$1.79B
Fetching…
Sources
Revenue
$10.52B
Net income
$1.38B
Diluted EPS
1.97
Operating cash flow
$1.49B
Free cash flow
$981.00M
Fetching…
Sources
Is it cheap or expensive?
Fair value $58.75 vs current price $86.70
Wall Street consensus is the average analyst price target: $136.81 (132.9% higher than our fair-value estimate).
Our most-likely fair value is $58.75 a share — about 32.2% below today's price of $86.70, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Watch
Net debt $16.8B. Interest coverage 6.6x.
Net debt
$16.79B
Interest coverage
6.57x
CRH plc's profit covers its interest bill about 6.6 times over. which is stronger than every peer shown here.
Watch
Worse cushion
Baseline
Better cushion
CRH
BASELINE
CRH plc
Total debt $19.81B Interest coverage 6.57x This is the baseline the peer rows are being compared against.
Total debt $4.94B Interest coverage 6.54x -1% vs CRH Has roughly the same debt cushion as CRH.
Total debt $6.34B Interest coverage 6.33x -4% vs CRH Has roughly the same debt cushion as CRH.
Total debt $13.26B Interest coverage 6.30x -4% vs CRH Has roughly the same debt cushion as CRH.
Total debt $6.88B Interest coverage 3.63x -45% vs CRH Carries about 1.8x less debt cushion than CRH.
What you should know
The case for and against CRH
3 Rewards
2 Risks
Rewards
-
Revenue grew 3.2% last year.
-
Returns 15.8% on equity, ahead of 80% of its peers.
-
Free cash flow was positive in 5/10 years.
Risks
-
Net debt grew 215.8% over 3 years.
-
Insider ownership is only 0.1% (peer median: 0.2%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
15.51x
Forward P/E
13.35x
P/B
2.40x
P/S
1.49x
EV/EBITDA
9.82x
PEG ratio
1.58x
Profitability
How much profit each dollar creates
Gross margin
36.2%
Operating margin
19.0%
Net margin
9.9%
ROE
15.8%
ROA
6.1%
Health
Liquidity and balance-sheet strength
Debt / equity
0.78x
Current ratio
1.58x
Quick ratio
1.00x
Total debt
$19.81B
Total cash
$3.02B
Growth
How the business has been compounding
Revenue TTM
$38.63B
Revenue 5Y CAGR
6.4%
EPS TTM
5.59
EPS 5Y CAGR
3.1%
Cash flow
How much cash the business throws off
Operating CF TTM
$5.42B
Free CF TTM
$2.91B
FCF margin
7.5%
Dividend
Shareholder payout
Yield
1.8%
Payout ratio
26.9%
Last ex-div date
2026-08-14